Economics courses in Australia educate students about the production, distribution and consumption of goods and services through statistical data, modelling and economic theories. These courses offered by universities and colleges teach students how to optimize all economic actions to improve the well-being and prosperity of economic entities and consumers.
A degree in economics can lead to various intriguing and satisfying occupations in Australia. Australian universities will prepare students to pursue their interests in various fields, including the private, public, and non-profit sectors.
This degree will prepare you for a job in health care, health leadership, data analytics, global health, global economy, business and management, and health leadership, among other fields. Graduates from economics can earn up to $45,000-$60,000 in the Australian job market.
Graduates can work in a multidisciplinary context to solve economic and financial problems. This degree will provide students with a firm foundation in analyzing and interpreting econometric and mathematical data, as well as applying their findings to various situations, such as financial investment, production, taxes, and government expenditure and policies.
Global ranking of some of the top universities in Australia for Economics courses
Several top universities offer economics courses in Australia. Australia's economics degree and certificate courses come in several levels, like bachelor's, master’s, diplomas, and post-graduation.
The following is a list of the top Australian universities in the subjects, as determined by the QS Rankings 2023 by Subject "Business and Economics".
|
QS Ranking |
Universities |
Location |
|
37 |
The Australian National University |
Canberra, Australia |
|
40 |
The University of Melbourne |
Parkville, Australia |
|
42 |
The University of New South Wales |
Sydney, Australia |
|
34 |
Monash University |
Melbourne, Australia |
|
54 |
The University of Sydney |
Sydney, Australia |
|
91 |
The University of Queensland |
Brisbane City, Australia |
|
123 |
University of Technology Sydney |
Haymarket, Australia |
|
151-200 |
Deakin University |
Burwood, Australia |
|
201-250 |
Macquarie University |
Sydney, Australia |
|
201-250 |
Queensland University of Technology |
Brisbane, Australia |
|
151-200 |
The University of Adelaide |
Adelaide, Australia |
|
151-200 |
The University of Western Australia |
Perth, Australia |
|
201-250 |
RMIT University |
Melbourne, Australia |
|
201-250 |
The University of Newcastle, Australia |
Callaghan, Australia |
|
201-250 |
University of Wollongong |
Wollongong, Australia |
|
Talk to an ExpertPrograms for Bachelors in Economics with tuition fees in Australia
A bachelor's degree in economics is a 3-4 years course offered by many universities in Australia. Here is a list of undergraduate degrees in economics offered by Australia’s top universities, along with the respective annual tuition fees for international universities.
|
Universities/Colleges |
Courses |
Tuition fees per annum in AUD |
|
Australian National University |
$45,360 |
|
|
Bachelor of Economics (Honours) |
||
|
Bachelor of Finance, Economics and Statistics (Honours) |
||
|
University of Melbourne |
Bachelor of Commerce, economics major |
$44,664-$47,704 |
|
The University of Sydney |
Bachelor of Economics |
$49,500 |
|
Bachelor of Economics (Honours) |
||
|
Bachelor of Economics/Bachelor of Laws |
||
|
University of New South Wales |
Bachelor of Economics |
$46,805 |
|
Bachelor of Economics (Honours) |
$46,840 |
|
|
University of Queensland |
Bachelor of Economics |
$43,200 |
|
Bachelor of Economics (Honours) |
||
|
Monash University |
Bachelor of Economics |
$47,300 |
|
Bachelor of Commerce and Bachelor of Economics |
$47,300 |
|
|
The University of Western Australia |
Bachelor of Professional Economics |
$40,900 |
|
The University of Adelaide |
Bachelor of Economics |
$42,000 |
|
Bachelor of Economics (Advanced) |
$42,000 |
|
|
Bachelor of Philosophy, Politics and Economics |
$36,000 |
|
|
University of Technology Sydney |
Bachelor of Economics |
$20780 * 2 = $41,560 |
|
University of Wollongong |
Bachelor of Economics and Finance |
$90,720 (Total Tuition Fees) |
|
Bachelor of Politics, Philosophy and Economics |
$79,776 (Total Tuition Fees) |
Academic Requirements
- Completion of higher secondary education equivalent to Australian year 12
- Applicants are generally required to have strong mathematics and science background in their high school education as prerequisite courses
- A minimum score of 60-70% is required
English Test Scores
- IELTS: a minimum overall score of 6.0 with no band less than 5.5.
- TOEFL iBT: a minimum overall score of 70-90 with a minimum of 21 in writing, 18 in speaking, and 13 in reading and listening.
- Pearson Test of English (PTE Academic): A minimum score of 58-64 overall with no less than 50 in each section.
Entry pathway:
If the applicant does not meet the entry requirement into a bachelor's program, the following routes can be taken:
- Applying with an SAT or ACT score in addition to the school diploma
- Applying for a foundation year program
- Completing a year of university-level courses in the home country and then applying for a bachelor's program
Programs for Masters in Economics with tuition fees in Australia
Postgraduate masters degree in economics is a 1 2- years course in Australia. It is available as a single degree or as part of a dual degree program with law, commerce, or the arts.
|
Universities/Colleges |
Courses |
Tuition fees per annum in AUD |
|
Australian National University |
$45,360 |
|
|
Master of Applied Economics |
||
|
University of Melbourne |
Master of Economics |
$46,752 |
|
Master of Applied Economics |
||
|
The University of Sydney |
Master of Economics |
$54,000 |
|
Master of Economic Analysis |
||
|
University of New South Wales |
Master of Applied Economics |
$50,200 |
|
University of Queensland |
Master of Economics |
$43,072 |
|
Master of Applied Economics |
$43,072 |
|
|
Master of Advanced Economics |
$41,536 |
|
|
Monash University |
Master of Applied Economics and Econometrics |
$47,800 |
|
The University of Western Australia |
Master of Economics |
$83,000 (Total Tuition Fees) |
|
The University of Adelaide |
Master of Advanced Economics |
$46,000 |
|
Master of Applied Economics |
||
|
University of Technology Sydney |
Masters in Behavioral Economics |
$22,230 * 2 = $44,460 |
Academic Requirements
- An undergraduate degree with a major in social science or commerce/management with a weighted average mark of at least 70%.
- Some universities require international applicants to submit their GRE score.
English Test Scores
For English language tests, the minimum average scores required are as follows:
- IELTS: a minimum overall score of 6.5 with no band less than 6.0.
- TOEFL iBT: a minimum overall score of 79 with 21 in writing, 18 in speaking, and 13 in reading and listening.
- Pearson Test of English (PTE Academic): A minimum score of 58-64 inclusive and no communicative skill below 50.
Programs for PhD in Economics with tuition fees in Australia
|
Universities/Colleges |
Courses |
Tuition fees per annum in AUD |
|
University of Melbourne |
Doctoral Program in Economics |
$43,808 |
|
The University of Western Australia |
Doctor of Philosophy (Economics) |
$192,000 (Total Tuition Fees) |
|
University of Technology Sydney |
Economics PhD program |
$153,360 (Total Tuition Fees) |
Academic Requirements
- A four-year bachelor degree in a relevant discipline with a minimum score of 75% in the final year of study.
- A master’s degree in a relevant discipline with a substantial research component or qualification and professional experience in the relative field.
- Some universities also require GRE/GMAT for all applicants. The score should be less than five years old.
English Test Scores
- IELTS: a minimum overall score of 7.0 with 7.0 in writing and no band less than 6.0.
- TOEFL iBT: a minimum overall score of 94 with 27 in writing, 18 in speaking, and 13 in reading and listening.
- Pearson Test of English (PTE Academic): A minimum score of 65 inclusive and no communicative skill below 50.
Top Specializations Available in Economics Courses in Australia
There are plenty of specializations in the business and economic fields in Australia. Some of the common fields of specialization available are as follows:
- Agricultural Economics
- Economic History
- Economic Policy
- Environmental Economics
- Microeconomics
- Macroeconomics
- Property Economics
- Trade and Development
Top Economics Universities in Australia: Scholarships
International students in Australia can apply for a variety of scholarships, grants, fellowships, and bursaries. Several colleges also provide departmental scholarships reserved only for economics students.
The following are some scholarships available to overseas economics students in Australia.
|
University |
Scholarship |
Amount |
|
The University of Newcastle, Australia |
Women in Finance and Economics Scholarship |
AUD $12,500 |
|
Macquarie University |
Vice-Chancellor's International Scholarship |
Up to AUD $10,000 |
|
RMIT University |
Jack Ward Scholarship |
AUD $7,000 |
|
University of Queensland |
International Onshore Merit Scholarship |
AUD $10,000 |
|
The University of Sydney |
Business School International Scholarship |
AUD $5000 to AUD $10,000 |
|
Top Economics Universities in Australia: Scope
Economists have diverse careers which influence unemployment and inflation, economic growth and development, income inequality, industrial organization, public policy design and implementation, and management of the environment.
Opportunities for economics personnel are powerful in banking and finance, business analysis, law, journalism and public policy in Australia.
Studying Economics will make you adaptable and capable of taking on diverse roles including:
- Business analyst
- Economic consultant
- Economic researcher
- Financial analyst
- Graduate economist
- Investment analyst
- Management consultant
- Policy advisor
- Statistical analyst
- Superannuation advisor
Likewise, some top recruiters for economics professionals are-:
- Ethos Urban
- Active Utilities
- Bull and Bear Economics
- W Talent
- NSW Department of Planning
- Shell Energy
- Cushman & Wakefield
- Productivity Commission
- Pracsys
|
Job Title |
Range |
Average |
|
Accountant |
AU$39k - AU$72k |
AU$52,807 |
|
Investment Analyst |
AU$54k - AU$88k |
AU$68,936 |
|
Commercial Analyst |
AU$54k - AU$89k |
AU$69,277 |
|
Marketing Manager |
AU$61k - AU$134k |
AU$90,115 |
|
Senior Economist |
AU$85k - AU$178k |
AU$120,717 |
|
Senior Business Analyst |
AU$100k - AU$157k |
AU$124,588 |
|
Economist |
AU$55k - AU$123k |
AU$80,840 |
