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🇦🇺 1.5–2 years (coursework) · February (Semester 1)

Masters in Economics in Australia

A master's in Economics covers micro and macro theory, econometrics and applied fields such as development, finance and policy. Here is how studying it in Australia works for Indian students — universities and costs in rupees, eligibility, careers and work rights.

  • 1 universities compared
  • From ₹1.02 crore – ₹1.13 crore
  • Intakes: February (Semester 1)
  • Post-study work

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Quick answer

Masters in Economics in Australia: what does it cost and is it worth it?

A master's in Economics in Australia usually takes 1.5–2 years (coursework). On our list, 1 universities offer it, with total costs from ₹1.02 crore – ₹1.13 crore (ANU) to ₹1.02 crore – ₹1.13 crore (ANU). After graduating: subclass 485: typically 2 years (bachelor's/master's), 3 years (PhD).

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Official sources: Home Affairs — Student visa (subclass 500)

Masters in Economics in Australia at a glance

Duration
1.5–2 years (coursework)
Tuition (international)
≈ AUD 30,000 – 55,000 per year
Living costs
Living-cost evidence at the current Home Affairs rate, plus OSHC health cover
Typical budget
₹25–45 lakh per year
Intakes
February (Semester 1), July (Semester 2), some November
English tests
IELTS, PTE or TOEFL (Duolingo not accepted for the visa)
GRE / GMAT
GRE is almost never required for coursework master's programs
Post-study work
Subclass 485: typically 2 years (bachelor's/master's), 3 years (PhD)

Overview

Why study Economics in Australia?

A master's in Economics covers micro and macro theory, econometrics and applied fields such as development, finance and policy.

Australia offers post-study work visa of 2–3 years, two main intakes (February and July) and strong demand in healthcare, engineering, IT and accounting.

Universities

Universities for Economics in Australia

Sorted by total cost for the whole program, in rupees.

Universities for Economics in Australia
UniversityCityTuition a yearTotal in ₹
ANUCanberraAUD 45,000 – AUD 52,000₹1.02 crore – ₹1.13 crore

Specialisations

Popular Economics specialisations

Econometrics

Offered as a track or elective set at many universities in Australia.

Development Economics

Offered as a track or elective set at many universities in Australia.

Financial Economics

Offered as a track or elective set at many universities in Australia.

Public Policy

Offered as a track or elective set at many universities in Australia.

Behavioural Economics

Offered as a track or elective set at many universities in Australia.

Eligibility

Entry requirements

Usual expectations — each university sets its own minimums.

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  • Bachelor's: BA/B.Sc in Economics
  • Bachelor's: B.Sc in Maths or Statistics
  • Bachelor's: B.Tech/B.Com with strong maths
  • Prerequisite: Calculus
  • Prerequisite: Statistics
  • Prerequisite: Intermediate micro and macro economics
  • English: IELTS, PTE or TOEFL (Duolingo not accepted for the visa)
  • GRE/GMAT: GRE is almost never required for coursework master's programs

Careers

Careers after Economics in Australia

Careers after Economics in Australia
Common rolesSkills employers look for
Economic AnalystEconometrics
Data / Research AnalystStata / R / Python
Policy AnalystPolicy analysis
ConsultantResearch writing
Quantitative ResearcherEconometrics

FAQs

Frequently asked questions

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Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).

It can be, if cost, university and career plan line up. Australia offers post-study work visa of 2–3 years. Typical roles afterwards include Economic Analyst, Data / Research Analyst and Policy Analyst.

On our list: ANU.

From ₹1.02 crore – ₹1.13 crore at ANU up to ₹1.02 crore – ₹1.13 crore, including living and one-time costs.

Most universities accept BA/B.Sc in Economics, b.Sc in Maths or Statistics and b.Tech/B.Com with strong maths, with calculus, statistics and intermediate micro and macro economics, plus IELTS, PTE or TOEFL (Duolingo not accepted for the visa).

Subclass 485: typically 2 years (bachelor's/master's), 3 years (PhD). During your studies: 48 hours per fortnight during study periods.

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