Why study Economics at ANU
Why is something as superfluous as diamonds so costly, but something as essential as water so cheap? How can the cost of the coffee beans make up only a few cents of the price of a cup of coffee? With the world’s highest minimum wage rate, can Australia ever compete with low wage countries?
The ANU Bachelor of Economics provides a framework and a way of thinking to help answer questions like these. Your coursework will span economics (both theory and applied), economic history, and econometrics while developing your analytical problem-solving and quantitative skills.
Whether working as an economist or in some other role, your Bachelor of Economics degree and training will be sought after.
Economics provides a foundation for careers in:
- Public policy
- International development
- Business and management
- Government and politics
- Finance and insurance
- Teaching and education
- Marketing and tourism
- Examples of job titles in economics are listed below.
Australian and overseas governments provide many career paths for economists. Departments like Finance, Treasury, the Australian Bureau of Statistics, the Productivity Commission and the Australian Bureau of Agriculture and Resource Economics recruit heavily from the ANU. Economists are also much in demand in other government departments dealing with issues such as Trade, Education, Employment and Social Security.
Business and Management
Firms recruit economists because their advice is vital to businesses in understanding their business environment, how competitors react, and how changes in things such as interest rates, oil prices, exchange rates and consumer demand are likely to affect the business. Consultancy and accounting firms employ economists to advise their clients which include both private firms and governments.
International agencies such as the World Bank, the International Monetary Fund and Oxfam recruit economists to advise them on the effects of policy changes, financial crises and conflicts in one part of the global economy on another, as they are transmitted through trade and financial flows. Economists advise on trade policy and macroeconomic policy coordination.
Resource and Environmental Economist
Economists are employed to study natural resource use and environmental problems and their relationship to economic behaviour. Employers include mining firms and regulatory agencies. Economists contribute to the better management of natural resources and improving the global environment.
Schools and Universities
There is a thriving national and international market for academic economists in High Schools / Colleges and Universities.
Finance and Banking
Financial institutions including Banks, and in particular the Reserve Bank of Australia, actively recruit economists to advise them on the state of the economy and on risks from factors such as interest rate changes and exchange rate movements.
If you’ve decided to apply to the ANU College of Business and Economics, then you've made a great choice. Here you can follow a step-by-step guide to lead you through the application process.
We offer a wide range of scholarships to future students to assist with the cost of their studies. There are also funding support opportunities offered by the Australian and overseas governments, and other industry partners and affiliates, that you can take advantage of.
Our students widely report that one of the best things about studying at ANU is the on-campus experience. Our strong focus on residential living has helped build a vibrant and diverse community, where you can find like-minded peers and make lifelong friends.