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Master of Applied Economics

Degree Type Masters by Coursework

Duration 2 years full-time or part-time equiv.

SATAC Code 3CM196

CRICOS 092238E

The Master of Applied Economics is a broad, applied, two-year master's degree, which provides a thorough understanding of core ideas and concepts in Economics and their professional application. Graduates can choose to specialise in Public Policy, International Economics or Economic Theory.

Economics analyses the decisions and choices of individuals, governments and businesses and the impact of their behaviour on our lives and welfare. Important ideas and concepts include incentives; opportunity costs; trade-offs; supply and demand; and efficiency. These are applied to a range of fields, from public policy to finance, international trade, economic growth and development, natural resources or the organisation and structure of markets.

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 Insitute for Asia and the Pacific; Friedland Capital Inc; Deloitte; National Australia Bank; and the Australian Trade Commission.

No prior knowledge of Economics is required for entry to this degree. However, graduates with prior studies in Economics may be able to complete the degree in less time.

Master of Applied Economics Scholarships
  • Entry Requirements

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

    Domestic applicants

    Not a domestic applicant?

    Admissions Transparency Data

    SATAC Code 3CM196
    Mid-year entry Subject to availability
    Intake February and July
    Enquiries Ask Adelaide
    Selection Criteria
    Graduate entry only

    Graduate Entry
    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

    International applicants

    Not an international applicant?

    Admissions Transparency Data

    CRICOS 092238E
    Intake February and July
    Selection Criteria
    English Language Requirements
    Australian Year 12 Successful completion of an Australian year 12 qualification with a minimum pass in an accepted English language subject
    English Tests accepted by the University of Adelaide
    IELTS Overall 6.5 Reading 6 Listening 6 Speaking 6 Writing 6
    TOEFL Overall 79 Reading 13 Listening 13 Speaking 18 Writing 21
    Pearsons Overall 58 Reading 50 Listening 50 Speaking 50 Writing 50
    Cambridge Overall 176 Reading 169 Listening 169 Speaking 169 Writing 169
    Qualifications that meet minimum English requirements A range of alternative qualifications may meet the University’s minimum English requirements
    Academic Entry Requirements
    Tertiary Qualifications A completed Bachelor degree with a minimum GPA of 5.0 or equivalent.

    Alternative Pathway: Students may enter this degree from the Graduate Certificate in Applied Economics or the Graduate Diploma in Applied Economics.
    How to Apply
  • Fees and Scholarships

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

    Domestic applicants

    Not a domestic applicant?

    Annual tuition fees
    Australian Full-fee place: $28,000

    International applicants

    Not an international applicant?

    Annual tuition fees International student place: $38,500


    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

    Potential careers

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

  • Global Learning

    A Global Learning Experience is an integral component to your academic journey at The University of Adelaide. The university is committed to offering its students the opportunity to study overseas through a range of degrees offered via the Global Learning Office, including student exchange, study tours, short study degrees, internships and placements. There are many exciting opportunities in Europe, Asia, the Americas, Africa, and Oceania ranging from a few weeks to a full academic year.

    To find Global Learning opportunities available in your study area click Global Experiences.

  • 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 & 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.


    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.
  • Related Degrees

  • 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.
  • Further Information

    Please direct enquiries to Ask Adelaide
    Phone: +61 8 8313 7335 (toll free 1800 061 459)

    The annual Open Day and Information Night events provide an excellent opportunity to see our campus, meet with academics, and discuss your study options.

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, 24 Oct 2017