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Master of Applied Economics

Gain broad and advanced knowledge and practical skills in Economics.

  • Overview
  • Program structure
  • Entry requirements
  • How to apply
  • Student experience
  • FAQs
The Master of Applied Economics, UNSW Sydney, is a flexible two-year degree designed to prepare professional economists.

Graduates will gain broad and advanced knowledge and practical skills in Economics with a wide selection of expertise in research and communication skills. A practicum is available for students seeking work experience in the field of Economics.

This program is delivered face-to-face and online to allow for most flexibility and accommodate various learning styles.

Why choose this master degree?

This Masters coursework program can be completed in as little as 1 year full-time, with recognition of prior learning available for students who have a background in Economics.

The skills and insights gained from your Master of Applied Economics can have an immediate positive effect on your career. Your education is shaped by industry leaders and world class academics – experts who recognise the future will present career opportunities that don’t exist today - and your potential professional network extends to more than 90,000 Business School alumni worldwide.

Who is this degree for?

  • Professionals looking to upskill in the field of Economics
  • Those interested in developing capabilities in Economics, global and cultural competencies, critical thinking and business communication
  • Those seeking a pathway to a postgraduate qualification in Economics

Job and career prospects

  • Banker
  • Economist
  • Financial Analyst
  • Government official
  • Operations Consultant
  • Policy Advisor
  • Strategy Consultant

Why the Business School?

UNSW Business School is a leading business school in the Asia-Pacific, with our subjects consistently ranking within the top 50 worldwide. Within Australia we rank 1st for Accounting and Finance, and 2nd for Business and Management studies. Worldwide, these subjects rank within the Top 50 along with Economics and Econometrics, and Computer Science and Information Systems. Read more about our rankings and reputation.

The Business School offers students a suite of professional development opportunities with Career Accelerator. With Career Accelerator you can build industry connections through networking and mentoring, and you can undertake internships and global business practicums for credit towards your degree.

The Master of Applied Economics is a 2 year coursework degree consisting of 16 courses (96 units of credit).


Core Courses:

  • COMM5005 - Quantitative Methods for Business (6 UOC)
  • ECON5103 - Business Economics (6 UOC)
  • ECON5101 - Microeconomics (6 UOC)
  • ECON5102 - Macroeconomics (6 UOC)
  • ECON5205 - Econometrics (6 UOC)

Economics Practicum:

Students must take 12 UOC of the following course:

  • ECON5200 – Economics Practicum (12 UOC)

Prescribed Electives:

Students must take 54 UOC of the following courses:

  • ECON5301 - Markets and Frictions (6 UOC)
  • ECON5304 - International Macroeconomics (6 UOC)
  • ECON5306 - Politics and Economics (6 UOC)
  • ECON5106 - Economics of Finance (6 UOC)
  • ECON5309 - Economic Growth, Technology and Structural Change (6 UOC)
  • ECON5310 - Development Economics (6 UOC)
  • ECON5114 - Superannuation and Retirement Benefits (6 UOC)
  • ECON5316 - International Trade Theory and Policy (6 UOC)
  • ECON5136 - Retirement Saving and Spending over the Lifecycle (6 UOC)
  • ECON5319 - Political Economy of Capitalism (6 UOC)
  • ECON5321 - Managerial Economics (6 UOC)
  • ECON5323 - Organisational Economics (6 UOC)
  • ECON5324 - Behavioural Economics (6 UOC)
  • ECON5330 - Real Estate Economics and Public Policy (6 UOC)
  • ECON5402 - Mathematical Economics (6 UOC)
  • ECON5403 - Econometric Theory and Methods (6 UOC)
  • ECON5206 - Financial Econometrics (6 UOC)
  • ECON5408 - Applied Econometric Methods (6 UOC)
  • ECON5409 - Statistics for Econometrics (6 UOC)
  • ECON5300 - Advanced Microeconomic Analysis (6 UOC)
  • ECON6102 - Macroeconomic Theory II (6 UOC)
  • ECON5111 - Economics of Strategy (6 UOC)
  • ECON5112 - Organisational Economics (6 UOC)
  • ECON5130 - Financial Systems and The Economy (6 UOC)
  • ECON5248 - Business Forecasting (6 UOC)
  • ECON6202 - Policy Evaluation Methods (6 UOC)
  • ECON6307 - Health Economics (6 UOC)
  • ECON6309 - Economic Measurement (6 UOC)
  • ECON6312 - Policy Applications of Behavioural Economics (6 UOC)
  • ECON6313 - Public Economics and Regulation (6 UOC)
  • ECON6314 - Economic Development in China (6 UOC)

Note: Relevant postgraduate business courses from Accounting, Actuarial Studies, Banking and Finance, Information Systems, Management, Marketing, and Taxation may be taken as elective courses on approval of the Postgraduate program coordinator.


A recognised bachelor’s degree from an Australian university or equivalent overseas institution with a minimum overall grade of 65%, as determined by UNSW Postgraduate Coursework Entry Calculator.

Students' prior learning will be recognised to reduce the program duration. For students with Bachelor of Economics or Bachelor of Business degree with economics specialisation or equivalent, Honours or Graduate Diploma, the 5 core courses may be waived. For students with prior work experience of at least one year in the private or public sector (for example, clerical or administrative work in a commercial, not-for-profit or public service organisation, supervisory or management, banking, finance or marketing experience or other business-related positions) the prescribed economics practicum may be waived. Additionally, students who have completed the Graduate Certificate in Economics (7412) with a minimum WAM of 65% can apply to articulate into this Masters coursework program and will receive 24 UOC of Advanced Standing.

Assumed knowledge: A level of knowledge equivalent to a first-year undergraduate mathematics subject is assumed. Students without such knowledge are advised to contact the Postgraduate Coursework Director in Economics, complete an appropriate self-assessment of university mathematics knowledge before the commencement of their first term and complete a Maths bridging course where appropriate.

International students are also required to satisfy the UNSW Business School English Language requirement of IELTS 7.0 overall (minimum 6.0 in each subtest) or equivalent test.

Application checklist

Before you apply, ensure that you:

  1. Choose the right program that matches your interests and career aspirations
  2. Meet the entry requirements of the program
  3. Check if you are eligible to apply for credits or advanced standing based on recognition of prior learning (RPL) for this program
  4. Note: You can apply for credits during the online application process

  5. Have the various supporting documentation for your application. E.g.

   a. Official academic transcripts
   b. Proof of completion of qualification
   c. Proof of identity and citizenship
   d. Proof of relevant work experience (if required)

    You can upload the above documentation during the online application process

How to apply

You can apply for this program online:

There are three intakes per year:

  • Term 1 (February): 30 November
  • Term 2 (June)*: 31 March
  • Term 3 (September): 31 July

*Please note that not all programs have a Term 2 intake.

Late applications may be accepted after the closing dates subject to the availability of places.

Need help?

Still need help finding the right postgraduate business program for you? Contact us now.


UNSW Business School students are Australia’s best and brightest, with a reputation for drive and innovation. Our graduates have exceptional employability rates, performing well above the national average. In the 2018 QILT survey, 93% of our postgraduate students were employed full-time within four months of graduating and were earning a median wage of $120k.

Our degrees include up to two for-credit industry experiences, such as internships or global business practicums. The experiences are part of a suite of opportunities that is exclusive to UNSW’s Business School students and organised through Career Accelerator. The professional development opportunities complement your studies, build connections to industry and give you a clear advantage after graduation.

The opportunities are grouped within the Networking, Mentoring, Internships, and Global sections of Career Accelerator.

Networking

The people you meet during your time at university can play a profound role in positively shaping your career. Connect with like-minded and influential people through:

  • Industry Insights – workshop sessions delivered by industry partners
  • Industry Events – invitation-only events hosted by industry partners
  • Business Case Competitions – impress future employers with your problem-solving skills

Mentoring

Participating in a mentoring program will boost your confidence, help grow your professional network, develop your communication, teamwork and leadership skills as well as building upon your business acumen.

  • Career Mentoring Program – a 10-week program of career mentoring and coaching
  • Australian Business Essentials – mentoring for international students with no previous Australian work experience

Internships

UNSW Business School’s for-credit and not-for-credit opportunities such as traditional internships, consultancy projects, social entrepreneurship practicums, virtual internships and extra-curricular experiences.

  • Internships & Consulting Projects – for-credit projects available in person and online
  • Social Entrepreneurship Practicum – for-credit practicum to develop professional team skills in a real project
  • Business Experience – online and in-person projects for professional development

Global

The personal and professional benefits of living, studying or working in a different culture are immense and recognised by employers.

  • Global Business Practicum - work in small cross-disciplinary student consulting team on a genuine business issue, usually in Asia
  • Social Entrepreneurship Practicum - build entrepreneurial, workplace and leadership capabilities in Bali
  • Student Exchange – live and study overseas at one of our 200 partner universities

View the full suite of Career Accelerator opportunities.





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Quick facts for students

Program code
8429
Award
Masters Degree (Coursework)
Total Units of Credit (UOC)
96
Study Mode
Face to face
Online
Duration
1 - 2 years full-time, 4 years part-time
Commencing terms
Term 1 – February
Term 3 – September
Course fee*
$3,900
Program fee (total)*
$71,520
* Fees are indicative only

​​​​​​​Area of Study

Browse the list of study areas available for postgraduate study

 



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