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COVID-19 update: This course will start online and continue on campus later. Read more

What will I learn?


Economic decision making by governments, businesses and individuals can significantly impact our lives, behaviour and wellbeing. Applied economic analysis has become an increasingly important field, requiring people who are skilled at analysing and interpreting economic data to inform decisions about everything from healthcare to financial policy, economic growth and development, natural resources and the environment, the organisation and structure of markets.

This course has been carefully designed to provide students with state-of-the-art applied economics knowledge and skills that can be applied to these areas and many more. This innovative course also has two distinctive features: the importance placed on context and the application of theory to the solution of real world problems; and the opportunity for you to undertake interdisciplinary studies, which recognises that applied economists work in increasingly varied and diverse fields that cross traditional discipline boundaries.


This course has a strong global focus that ensures you’re ready to take the next step in your career – wherever that may be.

You’ll hone your research skills on the real-world challenges faced by economists and critically evaluate established knowledge in applied economics to examine relevant issues.

You’ll apply problem solving and decision-making skills to formulate appropriate solutions to complex economic issues.

You’ll develop models of the economy and analyse real-world economic data, as well as argue the merits of a range of economic policies.

You’ll have the opportunity to develop your research skills while undertaking a research project.

You’ll gain the communication skills you need to excel in a professional setting.

You’ll develop your understanding of empirical analysis relevant to economic issues and gain the ability to undertake original research to support economic arguments.

You’ll learn to demonstrate ethical reasoning and recognise the role ethics plays in economics.

Which department am I in?

Faculty of Business and Economics



Study options

Full Time (1 year)

Tuition fees
A$38,000.00 (20,55,165) per year

*Price shown is for indicative purposes, please check with institution

Start date

25 July 2022


Macquarie University

Balaclava Road,

North Ryde,


New South Wales,

2109, SYDNEY, Australia

Entry requirements

For students from United States

AQF level 8 bachelor honours or graduate diploma qualification in a related field or recognised equivalent, Meet two of the following three criteria: AQF level 7 bachelor's qualification in a related field or recognised equivalent; Minimum of two years relevant approved work experience, professional certification or other recognised prior learning; AQF level 7 bachelor's qualification or recognised equivalent with a WAM of 65

For international students

AQF 8 or with two of the following:

AQF 7 degree in related field

AQF 7 Degree of WAM > 65

AQF7 with approved informal / formal learning

Academic IELTS of 6.5 overall with minimum 6.0 in each band, or equivalent.


PTE Academic: 58

*There may be different IELTS requirements depending on your chosen course.


About Macquarie University

Ranked in the top 1% of universities in the world, students discover passions and pursue career goals at a global leader in tertiary education.

  • Ranked in the top 1% of world universities
  • Located in Sydney’s fastest-growing business region
  • More than 30,000 practical work placements available
  • One of Australia’s most generous scholarship programmes