Master of Commerce (Extension)
The University of New South Wales (UNSW), located in Sydney, Australia, offers a Master...
Master of Applied Economics
Sydney - Australia
INTAKE: Feb & Sept
Program Overview
The Master of Applied Economics program at the University of New South Wales (UNSW) in Sydney offers a comprehensive curriculum designed to equip students with advanced knowledge and skills in economics and its practical applications.
Rigorous Curriculum: The program offers a rigorous curriculum that covers a broad range of economic topics, including microeconomics, macroeconomics, econometrics, applied econometrics, economic policy analysis, and research methods. Students gain a deep understanding of economic principles and theories and learn how to apply them to real-world economic problems.
Specialization Options: The program allows students to specialize in specific areas of economics based on their interests and career goals. Specialization options may include areas such as international economics, development economics, environmental economics, financial economics, or public economics. This flexibility enables students to develop expertise in their preferred field of study.
Applied Learning Approach: The Master of Applied Economics program emphasizes the application of economic theory and quantitative techniques to real-world issues. Students engage in practical exercises, case studies, and data analysis projects, gaining hands-on experience in economic modeling, policy analysis, and forecasting. This applied learning approach enhances their problem-solving skills and prepares them for the complexities of economic analysis in various settings.
Industry Connections: UNSW has strong ties with industry, government agencies, and research organizations, providing students with valuable networking opportunities. Guest lectures, seminars, and industry collaborations allow students to interact with professionals and gain insights into current economic trends and challenges. These connections can lead to internships, research opportunities, and potential job prospects upon graduation.
Research Focus: The program has a strong emphasis on research, encouraging students to undertake independent research projects and develop their analytical and critical thinking skills. Students work closely with faculty members who are actively engaged in research, contributing to the advancement of economic knowledge. This research focus prepares students for careers in economic research, policy analysis, and academia.
Policy Analysis and Evaluation: The Master of Applied Economics program equips students with the skills to assess and evaluate economic policies and their impact. Through case studies and policy analysis exercises, students learn how to analyze the effectiveness of policies, estimate their costs and benefits, and provide evidence-based recommendations. This expertise is highly valued in government agencies, think tanks, and international institutions.
Quantitative and Analytical Skills: The program emphasizes the development of strong quantitative and analytical skills. Students gain proficiency in econometric techniques, statistical analysis, data interpretation, and economic modeling. These skills enable graduates to work with large datasets, conduct economic forecasting, perform cost-benefit analysis, and make informed policy recommendations.
Career Opportunities: Graduates of the Master of Applied Economics program have diverse career opportunities. They can pursue roles in economic consulting firms, government departments, central banks, international organizations, research institutes, and financial institutions. Common job titles include economist, policy analyst, data analyst, research officer, economic consultant, and market analyst. Graduates are equipped to contribute to economic policy formulation, conduct economic research, analyze market trends, and provide evidence-based recommendations to organizations.
Location
Sydney - Australia
Score
IELTS 7
Tuition Fee
AUD 48700
Postgraduate Entry Requirements:
Academic Qualifications: A minimum of 65% or above in the applicant's previous academic qualifications, such as a bachelor's degree or equivalent.
English Language Proficiency:
- IELTS (International English Language Testing System): Overall score of 6.5, with a minimum of 6.0 in each subtest, or equivalent.
- TOEFL (Test of English as a Foreign Language): Overall score of 94, with a minimum of 23 in listening, 23 in reading, 25 in writing, and 23 in speaking.
- PTE (Pearson Test of English): Overall score of 65, with a minimum of 54 in each subtest.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
Work experience: Some postgraduate courses may require relevant work experience in the field.
It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.
UNSW offers a variety of scholarships to attract and assist international students.
Merit-Based Scholarships: UNSW offers merit-based scholarships to international students with exceptional academic achievements. These scholarships recognize academic excellence and provide financial support to cover tuition fees or living expenses.
Country-Specific Scholarships: Some scholarships are tailored for students from specific countries or regions. These scholarships aim to promote diversity and cultural exchange among international students.
Research Scholarships: UNSW provides research scholarships for international students pursuing postgraduate research degrees (e.g., Ph.D.). These scholarships often include a stipend to support research expenses and living costs.
Faculty/Program Scholarships: Certain faculties or academic programs at UNSW offer scholarships to attract outstanding international students interested in specific fields of study. These scholarships may cover tuition fees or provide research opportunities.
Sports and Arts Scholarships: UNSW acknowledges the talents and achievements of international students in sports and the arts. Scholarships in these categories may be available to support students with exceptional abilities.
The Master of Applied Economics program at the University of New South Wales (UNSW) in Sydney prepares graduates for a wide range of rewarding career opportunities in the field of economics.
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Government Agencies: Graduates can pursue career opportunities in various government agencies at the local, state, and national levels. They can work as economists or policy analysts, contributing to the formulation and evaluation of economic policies. Graduates may be involved in analyzing economic data, conducting cost-benefit analysis, and providing evidence-based recommendations to shape public policy decisions.
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International Institutions: The Master of Applied Economics program equips graduates with the skills and knowledge to work in international institutions such as the World Bank, International Monetary Fund (IMF), and United Nations (UN). These organizations often seek economists to conduct research, provide economic advice, and contribute to policy discussions on global economic issues. Graduates may work on projects related to economic development, poverty reduction, trade policy, or financial stability.
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Research Organizations: Graduates with a strong research focus can pursue careers in research organizations and think tanks. These organizations conduct economic research, analyze policy issues, and provide recommendations to government bodies and private sector entities. Graduates may engage in applied economic research, publish academic papers, and contribute to policy debates on various economic topics.
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Financial Sector: The Master of Applied Economics program prepares graduates for roles in the financial sector. They can work in banks, investment firms, or insurance companies, utilizing their skills in economic analysis and forecasting. Graduates may be involved in analyzing market trends, assessing the impact of economic factors on investments, and conducting risk analysis. They can work as financial analysts, economic consultants, or market researchers.
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Consulting Firms: Economic consulting firms often hire graduates with a strong background in applied economics. These firms provide specialized economic advice and analysis to clients from various industries. Graduates may be involved in conducting economic impact studies, market research, or cost-benefit analysis for clients. They can work on projects related to regulatory compliance, strategic planning, or business development.
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Nonprofit Organizations: Graduates interested in making a positive social impact can pursue careers in nonprofit organizations. These organizations work on issues such as poverty alleviation, social welfare, and sustainable development. Graduates may contribute their economic expertise to analyze social and economic policies, design development projects, or evaluate the effectiveness of intervention programs.
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Academic and Teaching Roles: For those inclined towards academia, the Master of Applied Economics program can serve as a stepping stone to pursue a Ph.D. and an academic career. Graduates can work as research assistants, teaching assistants, or lecturers in universities and research institutions. They may conduct independent research, publish academic papers, and contribute to the advancement of economic knowledge.
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Entrepreneurship and Policy Consulting: Some graduates may choose to start their own consulting firms or engage in policy consulting as independent consultants. With their strong analytical skills and knowledge of economic principles, they can provide consulting services to businesses, government agencies, or nonprofit organizations. Graduates can offer insights on market analysis, policy evaluation, or economic forecasting.
