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Glass skyscraper towering into the sky

Master of Economics

Overview

Invest in your career success with high-level analytical and decision-making skills sought after by employers.

Choose a broad foundation for a wide range of career options, or take the option to specialise in Applied Econometrics, Economics and Public Policy or Health Economics.

You'll gain the knowledge, resilience and expertise to succeed in a dynamic and increasingly competitive environment. Taught by world-class academic staff, this modern program will equip you with the tools to solve complex challenges. You'll develop your analytical ability, critical thinking and logic with comprehensive training in core economics principles. You’ll graduate with a diverse set of skills that can be applied in a wide range of career opportunities.

As a student, you'll experience interactive, engaging and practical teaching. Learn from evaluations, projects, and case studies via a blend of flexible online activities, workshops, and in-person classes. 

The program requires no prior knowledge of economics.  

Location
St Lucia
Duration
1.5 Years full-time (or part-time equivalent)
2 Years full-time (or part-time equivalent)
Start Semester
Semester 1 (24 Feb, 2025), Semester 2 (28 Jul, 2025)
Program Code
5399
AQF
Level 9
Location
St Lucia
Fees
A$50560
Duration
1.5 Years full-time (only available as full-time study)
2 Years full-time (only available as full-time study)
Start Semester
Semester 1 (24 Feb, 2025), Semester 2 (28 Jul, 2025)
Semester dates for 2026 are yet to be confirmed
Program Code
5399
CRICOS Code
058270K
AQF
Level 9

Program highlights

Program highlights

  • Graduate with the abilities you need to succeed in a dynamic and increasingly competitive world.
  • Complement core skills and knowledge with 4 electives in line with your interests.
  • Opportunity to complete a research thesis or enhance your employability skills with a graduate placement.

1 in Queensland for economics and econometrics

QS World University Rankings 2024

1 in Queensland for economics and business

U.S. News Best Global Universities 2023

Fields of study

Tailor your studies to suit your goals. This program offers these options:

  • Applied Econometrics
  • Economics and Public Policy
  • Health Economics

How you'll learn

Your learning experiences are designed to best suit the learning outcomes of the courses you choose.

  • Lectures
  • Tutorials
  • Research experience
  • Workshops

What you'll study

At UQ, degrees are called 'programs' and subjects are called 'courses'. Here's a sample of the courses you could study in this program:

  • Economics of Financial Markets
  • Globalisation and Economic Development
  • Foundations of Public Health
  • Health Economics

Career possibilities

Postgraduate study can take you anywhere. Depending on which field you choose, here are some of the careers you could be on your way to:

  • Strategy and economics analyst
  • Economic policy analyst
  • Infrastructure and investment adviser
  • Policy and research analyst
  • Quantitative behavioural strategist
  • Data analyst

Professional memberships

When you graduate, you may be eligible for memberships with the following professional organisations. Contact the organisation to find out how to become a member.

  • Australian Agricultural and Resource Economics Society
  • Australian Health Economics Society
  • Economic Society of Australia
  • The Statistical Society of Australia

Entry requirements

Entry requirements

It's possible to complete this degree in 2 years or 1.5 years depending on your qualifications and experience.

You can apply for any duration as long as you meet the entry requirements. You may also be eligible to apply for credit or exemptions to shorten your degree further. You'll graduate with the same qualification no matter how long you take to complete the degree.

2-year degree (32 units of study)

To be eligible to complete the degree in 2 years full-time (or part-time equivalent)full-time (only available as full-time study), you'll need:

  • a bachelor's degree (or equivalent) in any discipline, or
  • a Graduate Certificate in Economic Studies from UQ, or
  • a Graduate Diploma in Economics from UQ.

 You must have a grade point average (GPA) of 4.5 on a 7-point scale in your previous qualification.

1.5-year degree (24 units of study)

If you have relevant prior learning or experience, you can reduce the number of courses you need to complete and graduate in less time.

To be eligible to complete the degree in 1.5 years full-time (or part-time equivalent)full-time (only available as full-time study), you'll need:

  • a bachelor's degree (or equivalent) in a relevant discipline (see below), or
  • a Graduate Certificate in Economics from UQ.

 You must have a grade point average (GPA) of 4.5 on a 7-point scale in your previous qualification.

Relevant disciplines for previous qualifications

Relevant disciplines include:

  1. a bachelor degree in economics, business or commerce, or
  2. a bachelor degree containing at least 4 courses in any of the following 3 areas:
  • microeconomics
  • macroeconomics
  • statistics
  • mathematics

Related programs

English language requirements

IELTS overall 6.5; reading 6; writing 6; speaking 6; listening 6. For other English Language Proficiency Tests and Scores approved for UQ

TOEFL iBT (including Paper Edition) - Overall 87, listening 19, reading 19, writing 21 and speaking 19.

PTE Academic - Overall Score of 64 and 60 in all sub bands.

BE - A minimum overall grade of 4 plus a minimum grade of C in all macro skills.

CES - Overall 176 and 169 in all sub bands.

OET is not accepted.

 

There are other ways to meet the English language requirements. For some programs, additional conditions apply.

Learn how to meet the English language requirements

Student visas

International students who are accepted into full-time study in the Master of Economics are eligible to apply for an Australian student visa (subclass 500).

There are a number of requirements you must satisfy before a visa is granted, including the Genuine Student (GS) requirement.

Learn more about student visas

Fields of study

Fields of study

Tailor your studies to suit your goals. This program offers these options:

Build high-level expertise in statistical methods, learn to apply theory, and develop strong research and technical skills that are directly transferrable to the employment market.

The increase in big data has highlighted the challenges that organisations face with interpreting data. Develop your expertise in applying statistical methods to economic data, so you can provide quantitative insights, predict change and inform decision-making. 

Develop a high level of proficiency in econometrics that builds on the significant economic knowledge you gained from undergraduate study. You'll work on projects to develop advanced qualitative skills and abilities in critical thinking and logic. Grow your confidence through case studies, problem sets and portfolio management to propose viable solutions for complex data problems. 

Experience flexible, engaging, and interactive teaching through a blended learning approach of online activities, workshops and face-to-face contact with staff and peers.

You’ll graduate with the skills and knowledge to succeed in a wide variety of economics and finance-related fields, including macroeconomics, quantitative finance, environmental and natural resource management, health, public sector management, business and economic modelling.

View

Learn from internationally respected academics about analytical techniques to evaluate, influence and develop effective public policy, and how to apply economics to make a positive difference.

This interdisciplinary field examines the complex relationship between public policy, governance and economics. You’ll learn the latest economic research from world-class teaching staff, including how governments develop policy and how their intervention affects the global economy. 

Explore international issues like the far-reaching impacts of economic policy, and how can we better understand the cost-benefit of migration. You'll gain the knowledge to be a leading authority in public sector economics and analysis, with the skills to effect social change and improve economic and community welfare. 

We adopt a unique economics-first approach to public policy, allowing students with no prior economics knowledge to gain in-depth knowledge of economic concepts. Drawing on knowledge from the School of Economics and the School of Political Science, you'll cover microeconomics, macroeconomics, econometrics, political science, public policy and the contribution of economic analysis to public policy. You can choose to undertake a research component that may provide a pathway to a higher research degree.  

You’ll experience flexible, engaging, and real-world teaching that prepares you to actively contribute to the development of public policy within government departments, the public sector, inter-governmental organisations and consultancy. 

View

Acquire the specialist skills and knowledge you need to find innovative solutions to complex global health issues and make real differences to people’s lives.

The Health Economics field of study delivers cutting-edge teaching from world-class academics and expert health economists from the School of Economics and the Centre of the Business and Economics of Health.

You’ll graduate with the tools to create change and lead solutions in health policy and healthcare, so you can contribute to the long-term sustainability of healthcare systems in Australia or overseas. Redefine your career in a specialty field with ever-increasing demand.

Designed for recent graduates or healthcare professionals without an economics undergraduate degree, the program provides a strong foundation in core economic and public health principles.

View

Fields of study

Tailor your studies to suit your goals. This program offers these options:

Build high-level expertise in statistical methods, learn to apply theory, and develop strong research and technical skills that are directly transferrable to the employment market.

The increase in big data has highlighted the challenges that organisations face with interpreting data. Develop your expertise in applying statistical methods to economic data, so you can provide quantitative insights, predict change and inform decision-making. 

Develop a high level of proficiency in econometrics that builds on the significant economic knowledge you gained from undergraduate study. You'll work on projects to develop advanced qualitative skills and abilities in critical thinking and logic. Grow your confidence through case studies, problem sets and portfolio management to propose viable solutions for complex data problems. 

Experience flexible, engaging, and interactive teaching through a blended learning approach of online activities, workshops and face-to-face contact with staff and peers.

You’ll graduate with the skills and knowledge to succeed in a wide variety of economics and finance-related fields, including macroeconomics, quantitative finance, environmental and natural resource management, health, public sector management, business and economic modelling.

View

Learn from internationally respected academics about analytical techniques to evaluate, influence and develop effective public policy, and how to apply economics to make a positive difference.

This interdisciplinary field examines the complex relationship between public policy, governance and economics. You’ll learn the latest economic research from world-class teaching staff, including how governments develop policy and how their intervention affects the global economy. 

Explore international issues like the far-reaching impacts of economic policy, and how can we better understand the cost-benefit of migration. You'll gain the knowledge to be a leading authority in public sector economics and analysis, with the skills to effect social change and improve economic and community welfare. 

We adopt a unique economics-first approach to public policy, allowing students with no prior economics knowledge to gain in-depth knowledge of economic concepts. Drawing on knowledge from the School of Economics and the School of Political Science, you'll cover microeconomics, macroeconomics, econometrics, political science, public policy and the contribution of economic analysis to public policy. You can choose to undertake a research component that may provide a pathway to a higher research degree.  

You’ll experience flexible, engaging, and real-world teaching that prepares you to actively contribute to the development of public policy within government departments, the public sector, inter-governmental organisations and consultancy. 

View

Acquire the specialist skills and knowledge you need to find innovative solutions to complex global health issues and make real differences to people’s lives.

The Health Economics field of study delivers cutting-edge teaching from world-class academics and expert health economists from the School of Economics and the Centre of the Business and Economics of Health.

You’ll graduate with the tools to create change and lead solutions in health policy and healthcare, so you can contribute to the long-term sustainability of healthcare systems in Australia or overseas. Redefine your career in a specialty field with ever-increasing demand.

Designed for recent graduates or healthcare professionals without an economics undergraduate degree, the program provides a strong foundation in core economic and public health principles.

View

Fees and Scholarships

Indicative annual fee

Approximate yearly cost of tuition (16 units). Your fees will vary according to your study load. Fees are reviewed each year and may increase.

$39,840

2024

Fee information for 2025 is not yet available. Fee information displayed is for 2024.

$39,840

2025

Learn more about postgraduate fees

Approximate yearly cost of full-time tuition (16 units). Your fees will vary according to your study load. Fees are reviewed each year and may increase.

AUD $50,560

2024

Fee information for 2025 is not yet available. Fee information displayed is for 2024.

AUD $50,560

2025

Learn more about postgraduate fees

Government assistance

Financial aid

As an international student, you might be eligible for financial aid – either from your home country, or from the Australian Government.

Learn more about financial aid

FEE-HELP

Domestic students who are accepted into the Master of Economics pay tuition fees.

FEE-HELP is an Australian Government loan scheme to assist eligible students with the cost of their tuition fees.

Learn more about FEE-HELP

Centrelink support

Scholarships

You may be eligible for more than 100 scholarships, including:

How to apply

Applying online

All international applications should be submitted to UQ. If you prefer, you can use an approved UQ agent in your country.

The program code for the Master of Economics is 5399.

This program is available in multiple durations. You can apply for any duration as long as you meet the entry requirements.

When you apply, select your preferred duration. If you don't meet the requirements for your first preference, we'll automatically consider you for entry into a longer duration.

Find out more about applying for postgraduate coursework study

Applying online

All domestic applications should be submitted to UQ.

The program code for the Master of Economics is 5399.

This program is available in multiple durations. You can apply for any duration as long as you meet the entry requirements.

When you apply, select your preferred duration. You can also ask us to consider you for a longer duration if you don't meet the entry requirements for your first preference.

Find out more about applying for postgraduate coursework study

Important dates

The closing date for this program is:

  • To commence study in semester 2 - May 31 of the year of commencement.
  • To commence study in semester 1 - November 30 of the previous year.

To learn more about UQ dates, including semester start dates, view the Academic Calendar.

Important dates

The closing date for this program is:

  • To commence study in Semester 1 - January 31 of the year of commencement.
  • To commence study in Semester 2 - June 30 of the year of commencement.

To learn more about UQ dates, including semester start dates, view the Academic Calendar.

Aboriginal and Torres Strait Islander applicants

For support with applying – or if you have any questions about university life – get in touch with our Aboriginal and Torres Strait Islander Studies Unit.

Contact the ATSIS Unit

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