Program Requirements

The Master of Economic Policy requires the completion of 96 units, which must consist of:

48 units from completion of the following compulsory courses:

ECON6012 Optimisation for Economics and Financial Economics

ECON7073 Microeconomic Analysis

ECON7074 Macroeconomic Analysis

ECON8025 Advanced Microeconomic Analysis

ECON8026 Advanced Macroeconomic Analysis

EMET8005 Econometric Methods and Modelling

EMET7001 Mathematical Techniques for Economic Analysis

STAT7055 Introductory Statistics for Business and Finance 

48 units from completion of the following concluding component

6 units from completion of the following compulsory courses:

EMET8002 Case Studies in Applied Economic Analysis and Econometrics

12 units from completion of a course from the following list:

ECHI6009 The World Economy Since 1800

ECON6003 Economic Policy Issues

ECON6034 Public Sector Economics

ECON8050 Economic Growth

ECON8091 The Economy, Politics and the State

30 units from completion of courses from the following list:

ECON6009 International Monetary Economics

ECON6016 International Economics

ECON6037 Financial Economics

ECON6038 Industrial Organisation

ECON6039 Health Economics

ECON6040 Resource and Environmental Economics

ECON6041 Labour Economics and Industrial Relations

ECON6053 Game Theory

ECON6181 Competition Policy and Regulation

ECON6901 Advanced Topics in Poverty, Public Policy and Development

ECON8001 Topics in Macroeconomics

ECON8014 Computational Methods in Economics

ECON8021 Topics in Microeconomic Theory

ECON8078 Organisational Economics

ECON8080 Advanced Behavioural Economics

ECON8887 Advanced Research Essay

EMET6001 Applied Micro-econometrics

EMET6010 Applied Macro and Financial Econometrics

EMET6012 Business and Economic Forecasting

EMET8008 Advanced Econometrics II

EMET8014 Advanced Econometrics I

A Maximum of 12 units from completion of courses from the following list:

CBEA6070 ANU College of Business and Economics Internship Project (PG)(6 units)

IDEC8003 Issues in Development Policy

IDEC8022 Economic Development

Study Options

Admission Requirements

Applicants must present a Bachelor degree or international equivalent with a minimum GPA of 4.5/7.0.

The GPA for a Bachelor program will be calculated from (i) a completed Bachelor degree using all grades and/or (ii) a completed Bachelor degree using all grades other than those from the last semester (or equivalent study period) of the Bachelor degree. The higher of the two calculations will be used as the basis for admission.

Ranking and English Language Proficiency: At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry. 

In line with the University's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors. Applicants will first be ranked on a GPA ('GPA1') that is calculated using all but the last semester (or equivalent) of the Bachelor degree used for admission purposes. If required, ranking may further be confirmed on the basis of:

• a GPA ('GPA2') calculated on the penultimate and antepenultimate semesters (or equivalent) of the Bachelor degree used for admission purposes; and/or
• demonstrating higher-level English language proficiency

Prior to enrolment in this ANU program, all students who gain entry will have their Bachelor degree reassessed, to confirm minimum requirements were met.

Further information: English language admission requirements and post-admission support

Diversity factors: As Australia’s national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe.

Assessment of qualifications: Unless otherwise indicated, ANU will accept all Australian Qualifications Framework (AQF) qualifications or international equivalents that meet or exceed the published admission requirements of our programs, provided all other admission requirements are also met.

Where an applicant has more than one completed tertiary qualification, ANU will base assessment on the qualification that best meets the admission requirements for the program. Find out more about the Australian Qualifications Framework: www.aqf.edu.au.

Unless otherwise indicated, where an applicant has more than one completed tertiary qualification, ANU will calculate the GPA for each qualification separately. ANU will base assessment on the best GPA of all completed tertiary qualifications of the same level or higher.

ANU uses a 7-point Grade Point Average (GPA) scale. All qualifications submitted for admission at ANU will be converted to this common scale, which will determine if an applicant meets our published admission requirements. Find out more about how a 7-point GPA is calculated for Australian universities: www.uac.edu.au/future-applicants/admission-criteria/tertiary-qualifications.

Credit Granted

Applicants with a Bachelor Degree or Graduate Certificate in a cognate discipline may be eligible for up to 24 units (one semester) of credit.

Applicants with a Graduate Diploma or Bachelor degree with Honours in a cognate discipline may be eligible for up to 48 units (one year) of credit.

Cognate Disciplines

Economics

Fee Information

All students are required to pay the Services and amenities fee (SA Fee)

The annual indicative fee provides an estimate of the program tuition fees for international students and domestic students (where applicable). The annual indicative fee for a program is based on the standard full-time enrolment load of 48 units per year (unless the program duration is less than 48 units). Fees for courses vary by discipline meaning that the fees for a program can vary depending on the courses selected. Course fees are reviewed on an annual basis and typically will increase from year to year. The tuition fees payable are dependent on the year of commencement and the courses selected and are subject to increase during the period of study.

For further information on Fees and Payment please see: https://www.anu.edu.au/students/program-administration/fees-payments

Scholarships

ANU offers a wide range of scholarships to students to assist with the cost of their studies.

Eligibility to apply 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.

Employment Opportunities

MECPOL students acquire a robust combination of theoretical, empirical, and data analysis skills, complemented by extensive exposure to economic policy issues during their master's program. As a result, they are highly coveted by the public sector, think tanks, policy-oriented research institutions, and consulting firms specializing in policy development.

Learning Outcomes

1. Apply economics to policy formation and evaluation.
2. Demonstrate an understanding of the issues involved in coordinating economic policies at national and international levels.
3. Critically evaluate the academic literature on economic policy.
4. Undertake independent research in economic policy at the graduate level and provide economic intuition to interpret the results.
5. Analyse the economic effects of policy changes and communicate them effectively as a professional economist in business or government.

Inherent Requirements

Information on inherent requirements is currently not available for this program

Further Information

This program is available in S1 and S2.

Students who obtain an average of 65% in ECON8025 , ECON8026 , ECON6012 and EMET8005 are eligible to apply to transfer their programs to the Master of Applied Economics.

Students who obtain an average of 70% in in ECON8025 , ECON8026 , ECON6012 and EMET8005 are eligible to apply to transfer their programs to the Master of Economics.

It is highly recommended that students take Maths summer course offered by the Research School of Economics upon completion of EMET7001. Further information about this course is available here: https://www.rse.anu.edu.au/students/students/maths-summer-course/