Bachelor of Economics in Australia teaches students about the 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 healthcare, health leadership, data analytics, global health, global economy, business and management, health leadership, etc. Economists analyse essential 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 various 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 the 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 aptitude tests like ACT/SAT to study this course.
- Plenty of partial or complete scholarships for international students.
- Detailed understanding of micro and macroeconomic environment business and other communities.
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Talk to an ExpertTop 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.
|
QS World Rank 2023 |
University |
| =34 |
Monash University |
|
=40 |
University of Melbourne |
|
44 |
University of New South Wales |
|
42 |
University of Sydney |
|
=91 |
University of Queensland, Australia |
|
37 |
Australian National University |
|
=123 |
University of Technology Sydney |
|
151-200 |
Deakin University |
|
151-200 |
University of Western Australia |
|
201-250 |
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 test component. TOEFL: An overall score of 100, with a minimum of 22 in each test component. 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 |
Australians 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 |
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Bachelor of Economics in Australia: Scholarships
Check out these government and university scholarships offered by Australian universities, which could be partial or complete.
|
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 a 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 find 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, and 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
