Bachelor of Economics in Australia

Bachelor of Economics in Australia

bog
Rosmit GyawaliThu Dec 09 2021

Bachelor of Economics in Australia teaches students about production, distribution and consumption of goods and services through statistical data, modelling and economic theories.

 The tuition fees for a Bachelor of Economics degree in Australia ranges from AUD 25,000 to 45,000 per year. Be it microeconomics, macroeconomics or econometrics, there are many specializations in this undergraduate degree in Australia. 

This degree can help you make a career in the health care sector, health leadership, data analytics, global health, global economy, business and management, health leadership and so on.  Economists are involved in analyzing important issues such as poverty, inflation, unemployment, taxes, pollution, crime, finance, inequality, international competition, consumer behaviour, world trade and economic growth.

Graduates can build a career solving economic and financial challenges in a multidisciplinary environment. This degree will help students with a solid foundation in analysing and interpreting econometric and mathematical data and apply their findings in a range of contexts, including financial investment, production, taxes, and government expenditure and policies.

Why study Bachelor of Economics in Australia?

  • As you will see in the table below, the top 7 out of 100 best economics universities are from Australia. 
  • Upon graduation, you can work as a management and organization analyst, policy and planning manager, development manager, business administration manager and so on.
  • Students do not need any aptitude tests like ACT/SAT to study this course.
  • Plenty of partial or full scholarships for international students. 
  • Detailed understanding of micro and macroeconomic environment business and other communities. 

Top Universities for Bachelor of Economics in Australia

According to US News and World Report, these are some of the best universities in Australia for Bachelor of Economics. 

Rank in Australia

Global US News Rank

University

1

26

Monash University

2

43

University of Melbourne

3

44

University of New South Wales

4

51

University of Sydney

5

58

University of Queensland Australia

6

75

Australian National University

7

86

University of Technology Sydney

8

106

Deakin University

9

109

University of Western Australia

10

122

Queensland University of Technology

Tuition fees for Bachelor of Economics in Australia

The cost of studying Bachelor of Economics in Australia ranges from AUD 25,000 to AUD 45,000 per year. 

University

Annual fees in AUD

University of Sydney

48,000

Australian National University

45,360

University of Western Australia

30,000-38,000

University of Adelaide

42,000

University of Queensland

43,200

University of Technology Sydney

41,568

University of New South Wales

44,880

University of Melbourne

43,000

University of Western Australia

32,600

Queensland University of Technology

31,100

RMIT University

39,360

Subject Areas

  • Advanced Economics (Major in Economics)
  • Econometrics (Major)
  • Economics (Minor)
  • Economics (major in Financial Economics)
  • Environmental, Agricultural and Resource Economics (Minor)
  • Economics (Major in Environmental, Agricultural, and Resource Economics)
  • Environmental, Agricultural and Resource Economics (Major)
  • Bachelor of Business (Economics, Finance and Trade)

Bachelor of Economics Requirements in Australia 

University

Academic Requirements

English Test Scores

University of Sydney

Australian 12 years of education with a minimum ATAR score of 85.

IELTS: A minimum of 7.0 with 6.0 in each band.

TOEFL: A minimum result of 96 overall including a minimum result of 17 in Reading, Listening and Speaking and 19 in Writing

Australian National University

Australian 12 years of education with a minimum ATAR score of 80

IELTS: An overall score of 7.0 with a minimum of 6.0 in each component of the test.

TOEFL: An overall score of 100, with a minimum of 22 in each component of the test.

PTE: Overall 70, minimum 60

University of Western Australia

Australian 12 years of education with a minimum ATAR score of 85

IELTS: Overall 6.5, minimum 6.0

TOEFL: Overall 82, minimum 22 in writing, 18 in reading, 20 in speaking and 20 in listening. 

PTE: Overall 64, minimum 59

University of Adelaide

Australian 12 years of education with a minimum of 60%.  

IELTS: Overall 6.5, minimum 6.0

TOEFL: Overall 79, minimum 21 in writing, 13 in reading, 18 in speaking and 13 in listening. 

PTE: Overall 64, minimum 59

University of Technology Sydney

Applicants need to pass a bachelor degree with a minimum of 60%/ ATAR Score of 82.05 

IELTS: Overall 6.5, minimum 6.0

TOEFL: Overall 79

PTE: Overall 58

University of New South Wales

Applicants need to pass a Bachelor degree with a minimum of ATAR Score of 86. 

IELTS: A minimum of 7.0 with 6.0 in each band.

TOEFL: A minimum result of 90 overall including a minimum result of 22 in Reading, Listening and Speaking and 23 in Writing

University of Western Australia

Applicants need to pass the intermediate level with a minimum of grade C

IELTS: Overall 6.0

TOEFL: 60

PTE: 50

Queensland University of Technology

Applicants need to pass class 12/ 12 years of education with a minimum of 60%. 

IELTS: Overall 6.5, minimum 6.0

TOEFL: Overall 79

PTE: Overall 58, minimum 50

Bachelor of Economics in Australia: Scholarships

Check out these government and university scholarships- could be partial or full- offered by Australian universities. 

Deakin University

Vice-Chancellor’s Academic Excellence Scholarship

Eligibility: ATAR Score of 95 and more

Value: 100% of tuition fee waiver and AUD 5,000 per year as stipend. 

Deakin Student Support Scholarship

Value: $5,000 paid per year as cash or towards tuition or a combination

Deakin Student Support Scholarship

Value: up to $10,000 per year

Deakin Achieving Potential Scholarship

Value: Up to 50% waiver in tuition fees

Deakin Sanctuary Scholarships

Value: $5,000 paid per year as cash or towards tuition or a combination

Deakin International Merit Scholarship (South Asia- Onshore)

Value: 20 or 25% discount on your tuition fees

University of Melbourne

Gates Cambridge Scholarships

Up to 100% fee waiver

Melbourne Mobility Awards

Up to AUD 6,000

University of Technology Sydney

Global Exchange Scholarship

AUD 1000

Koch & Frances Inclusion and Diversity Scholarship

AUD 18,000

Undergraduate Academic Excellence International Scholarship

25% waiver on tuition fees

UTS Vice-Chancellor’s International Undergraduate Scholarship

A full waiver on UTS Tuition fees

Scope and Career Opportunities

You can job opportunities in a wide range of career sectors. Some of these sectors are: 

Government Departments: Finance, Treasury, the Australian Bureau of Statistics, the Productivity Commission and the Australian Bureau of Agriculture and Resource Economics recruit, marketing, governmental policy development. 

Business and Management: Consultancy, accounting firms, media companies, private firms, finance companies, policymaking, trade, politics, public policies, insurance etc. 

International Agencies: World Bank, economy firms, global economy companies, tourism sector, international development, etc. 

Depending upon the experience from 1-5 years, Bachelor of Economics in Australia graduates can earn from AUD 60,000 to 120,000 per year. 

Job Role

Annual Salary Package (in AUD)

Financial Market Economist

108,000

Management Economist

118,000

Actuarial Analyst

101,000

Economist

105,000

Economic Development Worker

93,564

Budget Analyst

108,188

Policy Analyst

108,764

Research Officer

101,456

University Professor

150,663

Other than these, the graduates of economics can also find career opportunities in- 

  • Hospitals and Local Health Districts
  •  Government departments
  • University departments
  • Research bodies
  • Medical supply and pharmaceutical companies
  • Health insurers
  • Regulatory agencies
  • Integrated care organisations 
  • Not-for-profit organisations

Related Posts :

blog

Where to find an Internship in Australia?

Internships opportunities in Australia could either be paid or unpaid, part time, full time or contractual – this depends on the nature of the job as well as on the advertising company. These could al
Trisha DahalFri Dec 04 2020
blog

Skills you will gain through studies in Australia

Australia is considered to be one of the best study destinations for international students in terms of their career, settlement and future. It allows student to learn about Australian education syste
Trisha DahalMon Dec 14 2020