Master of Economics

2 Years On Campus Masters Program

University of Western Australia

Program Overview

The Master of Economics at the University of Western Australia is designed for those who are passionate about understanding economic principles and their application in real-world scenarios. This program is ideal for students looking to deepen their analytical skills and gain insights into economic policy, making it a perfect fit for aspiring economists, policy analysts, and business leaders.

Curriculum Structure:

Year 1: Students develop advanced foundations in Microeconomic Theory, Macroeconomic Theory and Advanced Econometrics, while building quantitative and analytical skills through economics specialisation and option units.

Year 2: Students deepen their expertise through specialisations such as Applied Economics, Financial Economics and Health Economics, with options including Advanced Economic Analysis, Public Economics, Economic Policy and Communication, and data-focused economics units. Students may also undertake a Master’s Dissertation through the research pathway.

Focus Areas: Economic theory, quantitative analysis, public policy, international economics, development economics.

Learning Outcomes: Advanced analytical skills, proficiency in econometric techniques, understanding of economic policy implications, ability to conduct independent research.

Professional Alignment (Accreditation): The program is accredited by the Economic Society of Australia, ensuring that it meets high educational standards and is recognized by industry professionals.

Reputation (Employability Rankings): The University of Western Australia consistently ranks among the top universities globally, with strong employability rankings in the QS World University Rankings and the Guardian University Guide, reflecting the high demand for its graduates in the job market.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Western Australia (UWA), the Master of Economics program is designed to provide students with not just theoretical knowledge, but also practical skills that are essential in today’s dynamic economic landscape. Through a combination of hands-on projects, access to cutting-edge facilities, and opportunities for real-world application, students are well-prepared to tackle complex economic challenges.

The program emphasizes experiential learning, allowing students to engage in collaborative projects, utilize advanced software, and participate in internships that enhance their understanding of economic principles in practice. Here are some key features of the Master of Economics program that contribute to a rich experiential learning environment:

- Group Projects: Collaborate with peers on real-world economic issues, fostering teamwork and problem-solving skills.
- Internships: Gain valuable industry experience through partnerships with local businesses and organizations, providing insights into practical applications of economic theory.
- Software Tools: Utilize industry-standard software such as STATA, R, and MATLAB for data analysis and economic modeling, equipping you with essential technical skills.
- Field Trips: Participate in excursions to economic institutions and organizations, offering firsthand exposure to the workings of the economy.
- Research Laboratories: Access dedicated research facilities that support advanced economic research and data analysis.
- Libraries and Resources: Benefit from UWA’s extensive library system, which includes a wealth of economic literature and databases for research purposes.
- Institutes and Centers: Engage with specialized institutes such as the UWA Business School, which provides additional resources and networking opportunities in the field of economics.

Progression & Future Opportunities

The Master of Economics at the University of Western Australia (UWA) equips graduates with the analytical skills and economic knowledge necessary to excel in various high-demand roles. Graduates often find themselves in positions such as Economic Analyst, Policy Advisor, and Financial Consultant, where they can make significant contributions to both public and private sectors. The program not only prepares you for immediate employment but also sets a strong foundation for long-term career growth:

- University Services: UWA offers dedicated career services, including personalized career counseling, resume workshops, and networking events with industry professionals to help you secure internships and job placements.
- Employment Stats and Salary Figures: According to recent data, over 90% of UWA graduates find employment within six months of graduation, with starting salaries averaging around AUD 80,000, depending on the role and industry.
- University–Industry Partnerships: UWA has established strong partnerships with leading organizations such as the Reserve Bank of Australia and various consulting firms, providing students with valuable internship opportunities and real-world experience.
- Long-term Accreditation Value: The Master of Economics is recognized by professional bodies, ensuring that your qualification remains relevant and respected in the job market for years to come.
- Graduation Outcomes: Graduates from this program have gone on to work in prestigious organizations, influencing economic policy and driving business strategies on a global scale.

Further Academic Progression: After completing your Master of Economics, you may choose to pursue a PhD in Economics or related fields, allowing you to delve deeper into research and contribute to academic knowledge. This path can lead to opportunities in academia, advanced research positions, or specialized roles in think tanks and international organizations. Additionally, you could explore professional certifications in areas such as finance or public policy, further enhancing your expertise and career prospects.