University Guide

Top Universities in Australia to Study Economics

Explore the top universities in Australia offering economics programs. Discover renowned faculty, research opportunities, and career prospects in 2024.

Published on: Mar 6, 2024

Being humans we always dream and look for the best opportunities awaiting our way. So why stay back when choosing amongst the top universities in Australia? There are numerous institutions accessible to international students for pursuing their interested courses. These universities and courses you choose during the academic duration open doors to exciting career opportunities and academic achievements. 

While there is no doubt that Australia is considered the best location for students taking admission abroad, the universities in Australia are well known for their world-class faculty, cutting-edge research facilities, and innovative teaching methodologies. Whether you aspire to delve into the intricacies of microeconomics, macroeconomics, econometrics, or specialised fields like environmental economics or development economics, Australian universities offer a diverse array of programs tailored to meet your academic and career aspirations.

Whether you're a local student seeking to further your education or an international student eager to explore new horizons, this guide will serve as your roadmap to navigating the landscape of economics education in Australia.


Understanding the importance of choosing the right university

The place where you visit regularly should motivate you to pay another visit the next morning, unlike the one that demotivates you to another visit. Therefore, choosing the right university during the course is essential to keep the spark amongst students to be consistent with their educational journey. 

While economics is a diverse subject, students must look for universities that provide exceptional assets and faculty to determine their academic goals. Additionally, universities with ample resources, such as libraries, research facilities, and internship opportunities, offer extensive research opportunities, allowing students to delve deeper into economic theories and real-world applications. Moreover, considering career prospects is essential, as the university's connections with industries and alumni networks can significantly influence job opportunities after graduation. Therefore, understanding and carefully weighing these factors are essential steps in selecting the right university for pursuing studies in economics.


List of top five Universities offering economics in Australia

You cannot undermine the prestige of Australian universities renowned for their exceptional economics program, attracting students from around the globe. Let us explore the top five universities in Australia offering distinguished economics departments, renowned faculty members, cutting-edge research, and strong industry partnerships. 

Below are the details that navigate through the verges of each of the top universities:

1. University of Melbourne

Apart from being renowned for excellence in economics education and research the university is popular worldwide. The faculty members in the economics department are specialised in their particular discipline within economics. Through rigorous inquiry and scholarly inquiry, faculty members at the University of Melbourne's Department of Economics contribute to shaping discourse on critical economic matters, both locally and globally. Their collective expertise spans from microeconomics to international economics. 

The dynamic nature of the university fosters students to carry on inquiry intersecting with real-world applications. Students can enjoy invaluable opportunities for experiential learning, internships and research collaborations.

The university assuredly enriches the academic experience and empowers students to apply theoretical concepts to practical scenarios, equipping them with the skills and insights needed to thrive in the complex landscape of economics.

University of Melbourne's Department of Economics serves as a nexus of academic excellence, where pioneering research, esteemed faculty, and real-world engagement converge to cultivate the next generation of leaders and innovators in the field of economics.

2. Australian National University (ANU)

The economic course offered by ANU is highly regarded nationally and internationally. The research school of economics at ANU is home to distinguished scholars and researchers, who contribute to cutting-edge theories and research in the field of economics. 

The Department of Economics at ANU is exceptional for its expertise in the sub-disciplines of economics such as development economics, environmental economics, behavioural economics, and economic policy analysis.

ANU has forged strong connections with government departments, think tanks, and international organisations, providing students with valuable networking opportunities and practical experience. These connections enable students to engage with real-world economic issues and apply their skills in a professional setting.

Inclusively, Australian National University stands as a testament to the university's commitment to excellence in education and research. 

3. University of Sydney

The University of Sydney focuses mainly on interdisciplinary learning and research. Then you can choose to study a Bachelor of Economics or a Bachelor of Arts with a major in Economics. These are both three-year full-time degrees and are offered by the Faculty of Arts and Social Sciences at the Camperdown campus!

The school of economics is staffed with renowned economists who are actively involved in research and policy debates. One of the hallmarks of the economics program at the University of Sydney is its emphasis on bridging theory with practice and forging meaningful partnerships with industry stakeholders, NGOs, and research institutions. This opens doors to explore the real-world endeavours empowering them to translate theoretical concepts into practical applications. 

Whether through industry placements, community engagement initiatives, or research collaborations, students at the University of Sydney are equipped with the skills, knowledge, and experiences needed to thrive in an increasingly complex and interconnected global economy.

4. University of Western Australia

The University of Western Australia (UWA) stands as a beacon of academic excellence, particularly renowned for its distinguished economics department, which embodies a supportive learning environment and a commitment to research excellence.

There is nothing that can not be said imperfect within the economics department of UWA, the faculty members are individually specialists in their disciplines, ranging from agricultural economics and resource economics to econometric modelling. Their expertise and dedication to scholarly inquiry not only enrich the academic experience but also drive groundbreaking research that addresses pressing economic challenges and informs policy decisions.

The strategic partnership with industry stakeholders and government bodies builds a bridge between theory and practise. Whether through industry placements, collaborative research projects, or networking events, students at UWA gain practical experience and insights that prepare them for successful careers.

5. University of Adelaide

The economic program seamlessly integrates theoretical rigour with practical applications. The university offers a vibrant and dynamic research environment, with numerous research centres dedicated to exploring pressing economic issues. 

These centres delve into topics ranging from economic inequality and economic history to agricultural economics, providing students with opportunities to engage in groundbreaking research and contribute to the advancement of knowledge in their field.

The university duly partners with government agencies and industry. Students have access to valuable opportunities such as industry placements, research collaborations, and policy engagements. These connections not only enrich students' academic experience but also provide them with real-world exposure and practical skills that are highly valued in the workforce.

These are the details of the top five universities of Australia to take admission in the economics programs. There are more such universities offering comprehensive economics programs. 

Below is the list of universities other than the above-mentioned including their ranking tailored for economics program:


World Ranking Universities Location
40 University of New South Wales Sydney
42 Monash University Clayton
45 University of Queensland St Lucia
108 Griffith University Brisbane
126 Queensland University of Technology Brisbane
141 Deakin University Geelong
155 University of Western Australia Crawley
178 Macquarie University Sydney
498 University of New England, Australia Armidale
356 University of Tasmania Hobart



In the end, these are few of the universities in Australia that offer economics courses. Though there are numerous universities across the globe that offer this course, with the help of this blog you will get a clear view of the top renowned universities of Australia catching your focus on the dynamic field. From the University of Melbourne to Macquarie University, these institutions offer a wealth of resources, renowned faculty, and research opportunities to aspiring economists. Though the number is infinite it is somehow impossible to include all the universities in one go therefore we have included the popular choice amongst the international students. As prospective students, it's essential to conduct thorough research, explore your options, and make informed decisions that align with your academic and career goals.

The path ahead may be challenging, but with the right mindset and support from reliable online assistance services like oz assignments, you have the potential to excel and make a positive impact in the world of economics.

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