Are you a year 12 student who has recently chosen to study an undergraduate degree or course in economics at an Australian university?
The burning question for you now might be; which university will be right for me?
Australia has a fantastic range of universities all over the country which offer economics undergraduate degrees and courses, however there are a few things to keep in mind when figuring out which one you should apply for.
You will want to consider if you're looking to study a single subject in your course, economics, or find a double undergraduate degree in finance or international studies.
As a university student, you may also be able to major in Economics in some Bachelor of Arts degrees.
While you're researching which bachelor degree is right for you can also consider a university's:
- Size of the Economics Department
- Level of education provided throughout semesters
- Which subjects will be covered, and the course unit outlines
- Location and travel time
Not every economics course in Australia will be the same, you will find a variety in course unit delivery and teaching style.
In order to find the right course for you make sure you read through the degree structure to get a full understanding of what experience you can gain from studying economics.
A great way to get a feel for which Australian university and Economics course is right for you, make sure to attend as many university open days as you can.
If you are a student interested in studying interstate, or if you're an international student, remember that universities are now providing online open days so there's no need to travel!
Another helpful way to explore if a university undergraduate degree is meant for you is to talk to some economics students and hear from their experience.
You can also find an economics tutor here with us at Superprof, as they may have some expertise and experience in studying economics themselves.
In this article, we're going to find out some of the most current and best Australian university courses which offer economics. Make sure to do some of your own research as well before choosing to apply for a bachelor degree or course.
Economics at University of Melbourne and Australian National University (ANU)
The University of Melbourne is one of Australia's top ranked universities and places 41st worldwide, so it's no wonder that their Faculty of Business and Economics is in high regard not only nationally but globally.
ANU is also a highly esteemed university, ranking 49th worldwide and 2nd in Australia for business and economics studies. With a strong College of Business and Economics, this would certainly be a top choice if you wanted some of the best economics education available in Australia.
Given that both of these universities are held in high regard, their Economics, Business and Finance degrees can be competitive to apply for. Undergraduate degrees from each of these universities will also differ slightly in their subject delivery.
Each of these universities requires a high ATAR score and will have specific entry requirements, so make sure to check these out when you're investigating whether either of these universities could be a good fit for you.
The University of Melbourne offers economics as a Major through their Bachelor of Commerce and Bachelor of Arts.
Subjects you can expect to study in your first semester at the University of Melbourne;
- Quantitative Research Methods
Microeconomics and macroeconomics continue to be a major theme throughout an Economics major at the University of Melbourne with a focus on other subjects including; financial strategising, statistical analysis and organisational planning.
The first semester of a Bachelor Economics at ANU will include:
- Foundations of Economic and Financial Economics
Much like the University of Melbourne, ANU maintains microeconomics and macroeconomics as core units of their bachelor degree course. Across your economics bachelor degree at ANU you will have the opportunity to select a number of engaging elective units ranging from;
- The Australian Economy
- Social Development
Both of these universities have on campus accommodation, however this can often be quite expensive so it's worth exploring share houses with other students around the university's location to save yourself some money!
Melbourne and Canberra are both vibrant Australian cities with a lot on offer for university students to explore and experience. Check out when their next open days are and see if these courses could be the one for you.
If you are a student who is interested in economics but don't feel confident in your maths skills, click here to learn about Economics degrees without maths.
Keep an Eye on University Ranking Websites to Explore Different Australian Universities to Study Economics
University ranking websites can be a good way to find information about many different Australian universities all at once, they can also help give you an idea of the quality of education you will receive at certain universities.
As a student, you have the power of choice, so don't be afraid to take your time researching which university and economics undergraduate degree is most suited to your career and academic aspirations.
However, there are plenty of smaller and local universities in Australia which may not appear on global ranking sites but still offer quality education.
Below is by no means comprehensive of where you can study Economics in Australia, but here is a brief list of some very decent universities to check out!
The University of New South Wales (UNSW) Sydney
UNSW Sydney is a fabulous location to study in the heart of the city, it is well known for its School of Business and offers multiple courses which major in Economics, Finance, Management, Taxation and more.
University of South Australia (UniSA)
UniSA offers a Bachelor of Business with a focus on Economics, Finance and Trade. The Business School is ranked highly worldwide, so if you are a student interested in international business then this could be the perfect course for you.
Griffith University offers a Bachelor of Business where you will have the choice of focusing on one major or the opportunity to complete two majors for example;
- Economics and Sustainable Business
- Government and International Relations
- Finance and Marketing
Now that we've had a brief look at some of the best Australian universities out there you can explore if any of these course options are meant for you.
Don't forget that you won't have to choose one of the top universities, every student has a different learning style so it's okay to choose a university that suits your needs and is most accessible for you.
As we've already mentioned, open days are important as you can walk around campus and see if it feels like a comfortable place for you to study.
When you're getting ready to apply for your dream university undergraduate course it will help to speak to some current Economics students to get a picture of what university life will entail.
They can also let you know which units will require some extra study time.
Finally, we're going to go over a few more things to keep in mind when you're investigating which bachelor degree to apply for.
Invest in your Future and Start an Economics Degree
It's clear that Australia is home to many fabulous universities which offer quality education for their students, we certainly haven't mentioned every single one in this article!
One of the key things to remember when selecting which university to attend is having a clear idea of:
- Course syllabus
- Program structure
- Entry requirements
- Study contact hours
- Core assessments
Consider what you're most interested in when it comes to economics, you might want to find a university program that gives you the freedom to choose a variety of electives. Alternatively, you may find yourself wanting a more streamlined program delivery.
Another helpful tip to think about is your eligibility for scholarships, this can be handy if you're looking to minimise the cost of your university experience. Depending on your situation, there may be a university that offers a scholarship that you could apply for. Working with a tutor could strengthen your chance of securing a scholarship place, and finding out if you're eligible.
You may be an international student from outside Australia, scholarships could also be an option for you if you're interested in a student visa to remain in Australia. If you are an international student remember to double-check the difference in fees for local versus international students.
As an international student, you may also have to provide evidence of year 12 equivalent studies to in order access university study. Luckily, most university websites provide an option for international students on their course information so you will be able to see if there are any additional entry requirements.
If you have completed any previous study in a related undergraduate bachelor degree then you may be able to transfer across some of your credits to your new chosen degree. This can be a great way to access the course that you want without having to directly apply to a specific university.
Most bachelor degrees are taught across three to four years, some with the additional option to add a further year of study in order to complete your honours.
It is important to think about your current life and work commitments and how you will be able to balance study at the same time.
Check out our available economics tutors here at Superprof to support your learning during your studies, and feel confident when it comes to exam time. There is also the option to utilise online tuition, save on travel time and learn from home.
To find a tutor search near your location on our website to find the perfect tutor for you and get ready for university assessments and exam time in your first year of economics.
This will help you feel more prepared during your university experience, which you can relax occasionally on the weekend with other students!
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