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The University of Adelaide

Adelaide , South Australia ,Australia

Master of Advanced Economics

Apply economic thinking to complex global challenges

Want to explore a whole new world of thinking? Where finding the right questions is almost as important as finding answers to them; where logic, systematic development of argument and attention to evidence and data are more important than ever before; and where independent and creative approaches to ideas are highly valued?

Our Master of Advanced Economics is suited to students with high-level economic understandings and quantitative skills, who want to move into cutting-edge research.

What will you do?

  • Hone your knowledge in advanced econometrics, micro and macroeconomics.
  • Partner with an academic supervisor who’ll support and encourage your intellectual development.
  • Undertake research projects and complete a major thesis.

Where could it take you?

This program offers a direct pathway into research-based degrees such as the Doctor of Philosophy (PhD) or the Master of Philosophy (M.Phil) in Economics. You’ll also be ready to move into jobs with private and public employers that ask for high level economic research skills.

You might design policies to distribute water and natural resources between farmers, industry and consumers. You could prepare interest rate recommendations for central banks, evaluate development aid policies or advise on the impact of trade agreements on jobs, investment and wages. Perhaps you’ll look into the structure of the health care system or the economic impact of carbon taxes.

Note:  There is only one commencement intake each year, in February, for this degree.  Typically, classes start in late February.

Campus Information

North Terrace

The campus provides a mix of the historical and contemporary, combining old sandstone buildings with state-of-the-art teaching, learning and research facilities.

Intakes

  • Feb

Application Processing Time in Days: 10

Minimum English Language Requirements

English Level Description IELTS (1.0 -9.0) TOEFL IBT (0-120) TOEFL CBT (0-300) PTE (10-90)
Expert 9 120 297-300 86-90
Very Good 8.5 115-119 280-293 83-86
Very Good 8 110-114 270-280 79-83
Good 7.5 102-109 253-267 73-79
Good 7 94-101 240-253 65-73
Competent 6.5 79-93 213-233 58-65
Competent 6 60-78 170-210 50-58
Modest 5.5 46-59 133-210 43-50
Modest 5 35-45 107-133 36-43
Limited 4 32-34 97-103 30-36
Extremely Limited < 4 < 31 < 93 < 30

Job Opportunity Potential

There are three key steps you will need to take when addressing the selection criteria in any University of Adelaide job application:

  • Create a new document. Your statement addressing the position’s specified selection criteria should be separate from your cover letter and resume.
  • List each criterion separately. Give each a title, using exactly the same wording as appears on the Position Description (e.g. Excellent verbal communication skills).
  • Address each criterion. Under each heading, write two short paragraphs explaining how your experience, skills, education and training equip you to meet that specific requirement. Dot points are also acceptable.

Please note that failing to submit a statement addressing the selection criteria could result in your application not being considered.

Some helpful writing tips
There are a number of steps you can take when putting together your responses to increase their clarity and impact.

  • Give details of one or two specific things you’ve done that are good examples of the relevant experience or knowledge required. For example: ‘I was responsible for organising an event attended by… This involved…'
  • Preface these examples with a short overview that shows you appreciate the relevance of the specific criterion.
  • Quantify your experience (number of years worked, staff supervised, etc.). For example: ‘I delivered a presentation to an industry forum with an audience of 80 people.’
  • Where possible, indicate how successfully you meet the criterion. You could do this by referring to feedback from others, or things you've set up that are still being used. For example: ‘A report I wrote about… was endorsed by the… Committee and circulated to all stakeholders for discussion.

You could also consider using the STAR method as a structural framework when describing examples of your work. This involves describing, in the order listed here, the:

  • situation you faced
  • task required, and desired outcome
  • action you took to complete the task
  • results you achieved, and lessons you learned.

Career Readiness
On completion of this degree, graduates will have the knowledge and skills to pursue a career as a banker, consultant, data analyst, policy adviser, econometrician, economic researcher, economist or public servant.

Potential careers
Banker, Data Analyst, Policy Adviser, Econometrician, Economic Researcher, Economist, Public Servant

PSW Opportunity

NA

Admission Requirement / Eligibility Criteria

Entry to postgraduate coursework programs as a minimum requires a Bachelors degree or equivalent qualification from an approved institution as a qualification for entry.

Some of the graduate certificates and graduate diplomas that are offered may be accepted as qualifying work for entry to a Masters program, or as professional qualifications in their own right.

IELTS Overall 6.5 Reading 6 Listening 6 Speaking 6 Writing 6

TOEFL Overall 79 Reading 20 Listening 20 Speaking 23 Writing 27

Pearson Overall 58 Reading 58 Listening 58 Speaking 65 Writing 65
 
C1 Advanced Overall 176 Reading 176 Listening 176 Speaking 185 Writing 185
 
Tertiary Qualifications A completed Bachelor degree in Economics with a GPA of at least 5.5 or equivalent, and grades of credit or higher in Intermediate Microeconomics, Intermediate Macroeconomics and Intermediate Econometrics, and approval of the Postgraduate Coursework Program Coordinator.
 
Alternative Pathway: Students may enter this degree from the Master of Applied Economics.