Embarking on a Master’s in Economics in Australia is a strategic choice for those seeking a world-class education in a diverse and dynamic academic environment. With a plethora of institutions to choose from, each offering unique strengths and opportunities, it’s crucial to navigate the landscape thoughtfully. In this comprehensive guide, we’ll delve into the top 20 universities in Australia for a Master’s in Economics, exploring their academic prowess, faculty expertise, and the distinctive features that set them apart. As you consider this academic journey, it’s essential to stay informed about the Australia Student Visa Process, ensuring a seamless transition to your chosen institution.

Why select an Australian MSc in Economics?

The third most popular country in the world to study abroad is Australia. Pursuing a Master of Economics in Australia has several advantages:

Superior education: 

The best universities in the world for economic studies are located in Australia. The greatest programs for preparing students for a lucrative career in economics are available in Australian universities.

Research-based courses: 

Economic research courses in Australian universities are highly regarded. The universities offer the chance to collaborate with seasoned economists and support cutting-edge research.

Amazing jobs: 

Due to Australia’s robust economy, there is a significant need for economics graduates. Worldwide recognition and demand exist for Masters in Economics degrees earned from Australian universities.

The Australian National University (ANU):

Known for its rigorous academic standards, ANU consistently ranks high globally. The Crawford School of Public Policy offers an outstanding Master’s in Economics, combining theoretical foundations with practical applications.

The University of Melbourne:

The University of Melbourne’s Faculty of Business and Economics is renowned for its innovative approach to teaching economics. With strong industry connections, students benefit from real-world insights and a robust curriculum.

The University of Sydney:

The University of Sydney’s Master of Economics program emphasizes research-led teaching. Students engage with cutting-edge economic theories and methodologies, preparing them for impactful roles in academia and industry.

The University of Queensland (UQ):

UQ’s School of Economics boasts a vibrant research community. The Master’s in Economics program focuses on applied research, equipping graduates with skills relevant to today’s economic challenges.

Monash University:

Monash University’s Master of Applied Econometrics program is designed for those with a strong quantitative background. It emphasizes the practical application of econometric techniques in real-world scenarios.

University of New South Wales (UNSW Sydney):

UNSW Sydney’s School of Economics offers a Master of Economics program known for its flexibility. Students can tailor their studies to align with their career goals, choosing from a range of elective courses.

The University of Western Australia (UWA):

UWA’s Master of Economics program combines economic theory with applied skills. With a focus on policy analysis, graduates are well-equipped to contribute meaningfully to economic decision-making.

Macquarie University:

Macquarie’s Master of Economics program stands out for its emphasis on economic modeling and analysis. Students gain practical skills in quantitative methods, enhancing their analytical capabilities.

The University of Adelaide:

The University of Adelaide offers a Master of Applied Economics program with a strong focus on industry relevance. Students benefit from connections with local businesses and organizations.

Deakin University:

Deakin’s Master of Economics program is designed for those seeking a balance between theory and practical skills. The curriculum emphasizes real-world applications, preparing graduates for diverse roles.

University of Technology Sydney (UTS):

UTS’s Master of Economics program is known for its industry connections. Students engage with leading economists and industry professionals, gaining insights into contemporary economic issues.

Queensland University of Technology (QUT):

QUT’s Master of Economics program focuses on developing advanced analytical skills. With a strong emphasis on research and problem-solving, graduates are prepared for impactful roles in various sectors.

Griffith University:

Griffith’s Master of Economics and Public Policy program integrates economic analysis with public policy considerations. Students explore the intersection of economics and governance.

La Trobe University:

La Trobe’s Master of Applied Economics program emphasizes practical skills and analytical thinking. With a focus on econometrics and quantitative methods, graduates are well-prepared for data-driven roles.

Curtin University:

Curtin’s Master of Economics and Finance program combines economic theory with financial analysis. Students gain a holistic understanding of economic and financial principles.

Western Sydney University:

Western Sydney University’s Master of Applied Finance and Economics program is designed for those seeking expertise in both finance and economics. Graduates are equipped for roles in financial institutions and policy organizations.

RMIT University:

RMIT’s Master of Economics and Finance program is recognized for its industry relevance. Students engage with real-world case studies and projects, enhancing their practical skills.

University of Newcastle:

The University of Newcastle’s Master of Applied Finance and Economics program offers a comprehensive curriculum with a focus on applied skills. Students can specialize in areas such as financial econometrics and economic development.

University of Wollongong:

UOW’s Master of Economics program combines economic theory with policy analysis. With a focus on research and practical skills, graduates are prepared for roles in academia, government, and industry.

Victoria University:

Victoria University’s Master of Applied Economics program offers a practical approach to economic analysis. With a focus on applied research and industry engagement, graduates are well-prepared for diverse roles.


Choosing the right university for your Master’s in Economics in Australia is a pivotal decision that can shape your academic and professional journey. Each of the top 20 universities mentioned here offers a unique blend of academic excellence, industry connections, and practical skills development. Consider your career goals, preferences, and the specific strengths of each institution to make an informed choice that aligns with your aspirations in the dynamic field of economics. As you embark on this significant decision, exploring the Study in Australia opportunities becomes crucial, enriching your educational experience with the vibrant culture and world-class academic environment Down Under.


Q1: What are the key admission requirements for Master’s in Economics programs in Australian universities?

Admission requirements vary by institution but generally include a relevant undergraduate degree, academic transcripts, letters of recommendation, and proof of English language proficiency through exams like IELTS or TOEFL.

Q2: Can international students work while pursuing a Master’s in Economics in Australia?

Yes, international students on a student visa in Australia are typically allowed to work a certain number of hours per week during the academic term and full-time during scheduled breaks. However, specific restrictions may apply, and it’s essential to check the latest regulations.

Q3: How can I apply for scholarships or financial aid for my Master’s in Economics studies?

Many universities in Australia offer scholarships for international students. Check the respective university websites for information on available scholarships, eligibility criteria, and application procedures. Additionally, explore external scholarship opportunities and government-funded programs.

Q4: Are there opportunities for research and internships during the Master’s in Economics program?

Many Master’s in Economics programs in Australia incorporate research components or internship opportunities. It’s advisable to inquire about these options during the application process and explore how they align with your academic and career goals.

Q5: What is the typical duration of a Master’s in Economics program in Australia?

The duration varies, but most Master’s in Economics programs are designed to be completed in 1 to 2 years of full-time study. Part-time options may be available at some institutions, extending the duration accordingly.