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Australian National University

single degree

Master of Economic Policy

A single one year graduate degree offered by the ANU College of Business and Economics

  • Length 1 years full-time
  • Minimum 48 Units
First year student? There’s more information about enrolling in your degree.

If you are interested in starting your studies in 2015, please look at the 2015 programs on offer . Otherwise, this program is available for applications until spring session, 2014

This program is designed for students with an interest in applying economic ideas in the world of economic policy formation and evaluation. Graduates will understand the issues involved in the coordination of economic policies at national and international levels. Core components of the program include the analysis and evaluation of public policies from the perspective of companies and consumers and their effects on the welfare of society as a whole. Courses also cover analysis of the interaction between political and economic forces that determine monetary and fiscal policies set by governments.


A two-year full-time program, which incorporates the Graduate Diploma in Economic Policy, is available for students who do not have a strong academic background in economics.


Progression to a PhD is possible at the discretion of the PhD Convenor. Students who wish to go to the PhD are strongly advised to take the entire math-econ sequence ECON6015 Optimisation Techniques for Economists, ECON8013 Mathematical Techniques for Economics I, and ECON8014 Mathematical Techniques for Economics II.


Learning Outcomes


Students who successfully complete this degree will:
- have the capacity to apply economics to policy formation and evaluation;
- understand the issues involved in the coordination of economic policies at national and international levels;
- possess the economics training and technical skills needed to access the academic literature on economic policy;
- be capable of undertaking independent research in economic theory at the graduate level and provide economic intuition for the results;
- have the capacity to analyse the economic effects of policy changes and to communicate them as a professional economist in business or government;
- be able to proceed to PhD in Economics subject to grades achieved;


Commonwealth Supported Places


The ANU College of Business and Economics offers a limited number of Commonwealth Supported Places (CSP) for Australian students in graduate programs. For further information, please read the general information.




Admission Requirements


Direct entry to the Master of Economic Policy requires either:

  1. an Honours degree in economics at a level equivalent to an ANU Honours in Economics grade IIA, or
  3. completion of the Graduate Diploma in Economic Policy with an average grade of 70%, or
  5. 70% or greater in each of ECON8025 Diploma Microeconomics, ECON6015 Optimisation Techniques for Economists, and EMET8005 Economic Models and Introductory Econometrics

International applicants are strongly encouraged to submit official GRE results ( Positive results in the components “Quantitative Reasoning” and “Analytical Writing” may help to mitigate the standard problem of asymmetric information.

Career Options

Employment Opportunities

For more information on careers see the ANU Careers Centre link on the Useful Links Page.

Program Requirements

The Master of Economic Policy program comprises two consecutive semesters of full-time study or four consecutive semesters of part-time study. 


The program may be commenced in either first or second semester, although students wishing to commence in second semester should be aware that there are some limitations on the availability of econometrics units.


The program includes four compulsory courses and four courses chosen from a list of electives.  Courses that have been taken previously as part of another program are not admissible, in which case another course must be taken from the list of electives.

Compulsory courses (24 units)

  • ECON8003 Economic Policy Issues
  • either ECON8010 The Economics of Taxation and Redistribution  or ECON8034 Public Sector Economics (G) 
  • EMET8005 Economic Models and Introductory Econometrics
  • ECON8026 Diploma Macroeconomics

Electives will be substituted for EMET8005 Economic Models and Introductory Econometrics and ECON8026 Diploma Macroeconomics if these courses have been previously passed.


Some other course/s may be substituted at the discretion of the Program Convenor.



Students entering in second semester must have previous training in econometrics equivalent to EMET8005.


Students who wish to take electives in Econometrics (EMET codes) from the list below in the second semester are required to have satisfactorily completed one of the following:

(a) EMET8005 Economic Models and Introductory Econometrics or IDEC8017 Economic Techniques.


(b) The undergraduate units EMET2007 Econometrics I: Econometric Methods and EMET2008 Econometrics II: Econometric Modelling or the equivalent graduate courses EMET6007 and EMET6008.


Elective Courses (24 units)

Students will not normally be permitted to count courses as electives that have been taken towards satisfying the requirements of an alternate degree program.


ECON8002 Applied Welfare Economics
ECON8006 International Trade Theory
ECON8008 Japanese Economy and Economic Policy
ECON8009 International Monetary Economics
ECON8011 Microeconomic Theory 
ECON8013 Mathematical Techniques in Economics I
ECON8014 Mathematical Techniques in Economics II
ECON8015 International Economics
ECON8018 Cost Benefit Analysis
ECON8021 Topics in Microeconomic Theory
ECON8022 Macroeconomic Theory 
ECON8037 Financial Economics
ECON8038 Industrial Organisation
ECON8039 Health Economics
ECON8040 Resource and Environmental Economics
ECON8041 Labour Economics and Industrial Relations
ECON8047 Law and Economics
ECON8049 Southeast Asian Economic Policy and Development
ECON8050 Economic Growth
ECON8053 Strategic Thinking: An Introduction to Game Theory
ECON8070 Political Economy of Macroeconomic Policy
EMET8001 Applied micro-econometrics
EMET8010 Applied Macro and Financial Econometrics
EMET8014 Advanced Econometric Methods
ECHI8002 Readings in Economic History
ECHI8011 Classic Works of Economic Theory
ECON8901 Advanced Topics in Poverty, Public Policy and Development
ECON8091 The Economy, Politics and the State



Courses in this list are available as electives only if not previously taken, and in some cases subject to prerequisites.  Not all of these courses may be offered in any particular semester or year.


Working Rules


Working Rules for this program are available here


Elective Study

Once you have met the program requirements of your degree, you may have enough electives to complete an additional elective major,  minor or specialisation.

Indicative Fees

Annual indicative fee for international students


ANU offers a wide range of scholarships to current and future students to assist with the cost of their studies. The University is committed to enabling all students, regardless of their background, to achieve their best at ANU and realise their potential. 

Eligibility for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are.  Specific scholarship application process information is included in the relevant scholarship listing.

For further information see the Scholarships website.

Additional Information

You will not be able to apply for this program from Spring Session 2014 as this program will no longer be available in 2015.
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