QS Rank:

214

Macquarie University, Sydney

New South Wales
,Australia

Program Name
Master of Science in Applied Economics
Overview

The Master of Applied Economics at Macquarie University, Sydney is a premier program designed to equip students with the analytical skills and economic knowledge necessary to navigate the complexities of today’s global economy. With a commitment to providing an exceptional learning experience, this program offers an in-depth exploration of economic theory and its practical application in various sectors, ensuring that graduates are well-prepared for the challenges of the real world.
The curriculum is meticulously crafted, featuring a blend of core economics subjects and elective courses that cover specialized areas such as quantitative methods, market analysis, and policy evaluation. Students will engage in rigorous coursework that emphasizes both theoretical understanding and practical skill development. Through hands-on projects and case studies, learners will gain valuable insights into economic modeling, data analysis, and research methodologies, culminating in a comprehensive understanding of applied economics.
Faculty members at Macquarie University are not only renowned scholars but also experienced practitioners in the field of economics. This unique blend of academic prowess and real-world experience enriches the learning environment, enabling students to benefit from diverse perspectives and practical insights. Faculty employ innovative teaching methodologies that prioritize interactive learning and critical thinking, fostering an atmosphere where students are encouraged to challenge conventional wisdom and think creatively about solutions to economic problems.
Research opportunities are abundant within this program, with access to cutting-edge facilities and resources. The university is home to several research centers specializing in economics, where students can collaborate with faculty on groundbreaking projects. This not only enhances their academic experience but also bolsters their resume with practical research experience. Students will also have the opportunity to publish their findings in peer-reviewed journals, further establishing their credentials in the academic community.
Moreover, the program is deeply connected with industry, allowing students to build crucial networks that can lead to internships and job placements. Partnerships with leading corporations and government agencies provide students with the opportunity to apply their theoretical knowledge in practical settings, gaining invaluable work experience that is highly regarded by employers. Graduates from the Master of Applied Economics program have a strong track record of securing positions in various sectors, including finance, consulting, and education, with many alumni going on to hold influential roles in their respective fields.
Why Study Applied Economics at Macquarie University, Sydney
- A prestigious university ranked in the top tier globally, providing a world-class education.
- Diverse curriculum offering a mix of theoretical and applied courses designed to prepare students for a variety of career paths.
- Access to experienced faculty who foster a collaborative learning environment and provide personalized mentoring.
- Strong connections with industry partners ensure excellent internship and job placement opportunities post-graduation.
- A supportive international student community that enhances cultural exchange and networking possibilities.
The program is structured to be completed within 24 months of full-time study, although part-time options may be available for international students who prefer a more flexible schedule. Candidates are required to have a Bachelor’s degree in economics or a related field with a minimum GPA of 3.0. Strong analytical and quantitative skills are essential, as is the submission of a well-crafted statement of purpose that articulates one's interest in the field and career aspirations.
Additionally, non-native English speakers must demonstrate proficiency in the language by submitting scores from recognized tests such as TOEFL or IELTS, ensuring that all students can thrive in a rigorous academic environment.
Graduates of the Master of Applied Economics are well positioned for a multitude of career paths. Potential job roles include Statistician, Economist, Financial Analyst, Market Researcher, and Quantitative Analyst, among others. The program’s comprehensive training equips students with the skills required to excel in analytical roles across various industries, including finance, government, academia, and private sector consulting.
Alumni of the program have gone on to work with prestigious organizations, such as Boston Consulting Group, Deloitte, Goldman Sachs, and JPMorgan Chase. These success stories underline the program's effectiveness in preparing students for high-demand positions in a competitive job market.
In conclusion, the Master of Applied Economics at Macquarie University not only provides a solid academic foundation but also encourages students to explore innovative solutions to real-world economic challenges. With a curriculum that balances theory and practice, access to leading faculty, and robust industry connections, it offers a transformative educational experience that can significantly impact students’ future careers.

Duration
24 Months

Median Salary
$55,000
Ranking
#195
The World University Rankings
#214
QS World University Rankings
Class Profile

Class Size
20

Average Age
25

Average Work Experience
2 Years
Diversity
Others:
2%New South Wales:
30%Victoria:
20%Queensland:
15%Western Australia:
10%South Australia:
5%Tasmania:
2%Career Outcomes

Median Earnings After Graduation
$55,000 / year
Prospective Job Roles
Statistician
Economist
Teacher
Market Researcher
Financial Analyst
Quantitative Analyst
Research Associate
Writer
Top recruiters












Eligibility Criteria
English Proficiency Tests
TOEFL
83
IELTS
6.5
PTE
58
Application Requirements
Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.
Transcript
Passport
Personal Statement
Academic LOR
Resume
Application Deadlines
Fees and Funding

Tuition Fees
$40,800 / year
Funding Options
External Sources - Scholarships
Department Funding
Scholarships
The Macquarie University International Scholarship
The Macquarie University Vice-Chancellor's Scholarship
The Macquarie University Scholarship for Applied Economics
The Macquarie University Dean of the Faculty of Business and Economics Scholarship
The Macquarie University Alumni Scholarship
FAQs
- A student can complete Applied Economics at Macquarie University, Sydney with in 24.
- The deadline to submit an admission application for Applied Economics at Macquarie University, Sydney is Application deadline Term 2 (Final Deadline) - date - 10/07/2023
- The annual tuition fee to pursue Applied Economics at Macquarie University, Sydney is AUD 40800.
- The submission of these scores mainly depends on the type of degree/ course selected at the Macquarie University, Sydney. For example, the GMAT test is required to take admission to an abroad graduate management program, the LSAT is required during an abroad Law School admission process, and more. Therefore, check Macquarie University, Sydney requirements before submitting a score.
- Applied Economics can help Indian/ international students gain: 1. Quality and Practical Education 2. Global Recognition 3. International Exposure 4. Amazing Job Opportunities 5. Experience of Lifetime and more
- If a student fulfils all the eligibility criteria and admission requirements of Macquarie University, Sydney, they can easily pursue Applied Economics. The basic eligibility criteria include the following: 1. A GPA above 3 2. Well-written Statement of Purpose 3. An impressive Letter of Recommendation 4. A Work Experience Certificate (if required) 5. A Statement of Financial Proof 6. Academic Transcripts 7. Valid Visa, etc.
- An MS degree at Macquarie University, Sydney can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official Macquarie University, Sydney website to check the course/ degree duration.
- One can apply for scholarships to pursue their international education at Macquarie University, Sydney by: 1. Looking for country-specific scholarships by contacting the specific scholarship institutions. 2. Applying to or finding out if any subject-specific scholarships are available from the university website/ department.
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