Master of Applied Economics

Take on economic challenges  

Economists analyse the decisions of individuals, governments and businesses and their impact on our lives and welfare. 

Armed with these insights, they can give expert advice on business strategy, understand the background behind the news, influence public policy for a better world and make informed personal financial decisions.

What will you do?

Our Master of Applied Economics is suited to students with or without prior knowledge in the field. You will:

  • hone your understanding of incentives, opportunity costs, trade-offs, supply and demand, and efficiency
  • apply economic concepts to a range of fields—from public policy and finance to international trade and natural resources
  • practise advanced techniques for analysing and managing data
  • explore economic growth and development and the organisation of markets.

Where could it take you?

Economics graduates go on to all sorts of exciting careers and research pathways. You might assess telecommunications mergers as an economic analyst, or reform regulatory frameworks for public forests as a policy officer with state government. You could work on the stock market, in an aid agency researching the best return on aid donations or in banking and financial services. Perhaps you’ll use your analytics and modelling skills to develop optimal strategies for efficient HR recruitment.

Entry Requirements

For our students who are studying offshore in 2021 and 2022, the University will continue to offer high-quality access to the learning resources remotely for most programs. This includes all lectures, tutorials and other support material. Students will be advised in advance if there are course components that cannot be provided in remote mode and, wherever possible, offered alternative courses. Please refer to the COVID-19 FAQ page for a list of programs where in-person attendance is required.

Choose your applicant type to view the relevant admissions information for this program.
I am a:

Domestic applicants

SATAC Code 3CM196
Deferment Yes - 2 year
Intake February and July
Enquiries Future Students team

Selection Criteria
Graduate entry

Higher Education Study A completed Bachelor's degree or equivalent with a GPA of 5.0 or above.

Alternative pathway: Students may enter this degree from the Graduate Certificate in Applied Economics or the Graduate Diploma in Applied Economics.

How to Apply
SATAC Code: 3CM196

Fees and Scholarships

Choose your applicant type to view the relevant fees and scholarships information for this program.
I am a:

Domestic applicants

Indicative annual tuition fees
Australian Full-fee place: $33,000

Scholarships

These scholarships, as well as many others funded by industry and non-profit organisations, are available to potential and currently enrolled students.

Find a Scholarship.

Careers

Career Readiness

Master of Applied Economics graduates are ready for a range of rewarding careers with leading business, government or not-for-profit organisations.

Our graduates are working in roles such as managers, directors, business analysts and statisticians for organisations all over the world, including:
  • the World Bank Group
  • the United Nations Statistical Institute for Asia and the Pacific
  • Friedland Capital Inc.
  • Deloitte.

The University of Adelaide Careers Service prepares, inspires and empowers students to achieve successful career transitions and connect with industry.

Potential careers

Market Researcher, Banker, Policy Adviser, Economist, Public Servant, Financial Analyst, International Government and Trade Policy Adviser

Degree Structure

This master's degree is a 48-unit program of study. Students take 21 units of core courses including five 3-unit courses and the 6-unit course Challenges in Economic Policy and Applied Research, which provides the capstone research experience. Students also choose 27 units of elective courses.

Academic Program Rules

The Calendar is a comprehensive handbook of the University's academic program rules.

You can find the academic program rules for this program under the Faculty of the Professions rules.

Areas of Specialisation

There are three areas in which students may qualify for a single specialisation if they wish: International Economics, Public Policy or Economic Theory. In order to qualify for the specialisation, specific courses must be taken, as follows:

International Economics
ECON 7044: International Finance PG
ECON 7100: International Finance IV
ECON 7072: International Trade PG
ECON 7102: International Trade IV
ECON 7058: Development Economics PG

Public Policy
ECON 7032: Public Economics PG
ECON 7115: Public Economics IV
ECON 7016: Resource and Environmental Economics PG
ECON 7058: Development Economics PG
ECON 7067: Economic Development IV

Economic Theory
ECON 7062: Game Theory PG
ECON 7114: Money, Banking and Financial Markets PG
ECON 7237: Industrial Organisation PG
ECON 7121: Microeconomic Theory IV
ECON 7122: Macroeconomics IV

Example Study Plan

Indicative Study Plan
Core courses ECON 7222: Economics for Public Policy
ECON 7011: Intermediate Microeconomics IID
ECON 7051: Intermediate Econometrics IID
ECON 7071: Intermediate Macroeconomics IID
ECON 7001: Econometrics PG
ECON 7238: Challenges in Economic Policy and Applied Research
Electives Students take 27 units of elective courses.

At least three courses (9 units) from the following:
ECON 7016: Resource and Environmental Economics PG
ECON 7032: Public Economics PG
ECON 7044: International Finance PG
ECON 7058: Development Economics PG
ECON 7062: Game Theory PG
ECON 7072: International Trade PG
ECON 7114: Money, Banking and Financial Markets PG
ECON 7221: The Economics of Climate Change
ECON 7237: Industrial Organisation PG

Plus at least two courses (6 units) from the following:
ECON 7067: Economic Development IV
ECON 7100: International Finance IV
ECON 7102: International Trade IV
ECON 7115: Public Economics IV
ECON 7121: Microeconomic Theory IV
ECON 7122: Macroeconomics IV
ECON 7204: Econometrics IV
ECON 7223: Advanced Time Series Econometrics IV*

Students may choose to undertake the 6-unit dissertation course as an elective:
ECON 7225: Master of Applied Economics Dissertation
Note: With the permission of the Program Coordinator, elective courses up to the value of 6 units may be taken from other postgraduate coursework programs offered by the University of Adelaide.

*Not available in 2018.

Assessment

Assessment is based on a range of methods. Typical examples of those methods include examinations, tests, individual or group assignments, projects, presentations, online quizzes and tutorial work.

Students who choose to take the course ECON 7225 Master of Applied Economics Dissertation must also write a dissertation which will include an oral defence.

Further Study

Students in the Master of Applied Economics who are interested in pursuing further study may be eligible to transfer to the Master of Advanced Economics and subsequently to a research degree (Master of Philosophy or Doctor of Philosophy).

This pathway is conditional on excellent results and does require careful planning, consultation and approval from the School of Economics Postgraduate Coursework Coordinator.

Testimonial

This program has made me competitive in the global job market. It has taught me a lot about critical analysis and writing research papers, which forms an important part of my role. The program was flexible as I was working full time and was taught with real world applications.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Last updated: Tuesday, 20 Jul 2021