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Economics in Australia for Indian Students: Bachelor's and Master's of Economics at 10 Universities

Economics is a Go8 subject in Australia: the master's is taught at UWA, UQ, ANU, Melbourne, UNSW, Monash and Sydney, at A$54,000–64,800 a year. For a bachelor's, Tasmania (A$38,450) and Wollongong (economics and finance, A$41,712) are the most affordable.

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Campus of Australian National University
Campus of Australian National University. Photo: -wuppertaler, CC BY 4.0
  • 10universities
  • ₹26 lakhlowest fee a year
  • ₹39 lakhANU master's a year
  • 2 yearsmaster's

Courses and annual tuition

ProgrammeUniversityDegreeDurationTuition per year
Bachelor of EconomicsUTASBachelor's3 years₹26 lakh
A$38,450
Bachelor of Economics and FinanceWollongongBachelor's3 years₹28 lakh
A$41,712
Bachelor of EconomicsUTSBachelor's3 years₹34 lakh
A$51,016
Bachelor of EconomicsUWABachelor's3 years₹35 lakh
A$52,900
Bachelor of EconomicsUNSWBachelor's3 years₹38 lakh
A$56,500
Bachelor of EconomicsUQBachelor's3 years₹38 lakh
A$56,800
Bachelor of EconomicsANUBachelor's3 years₹39 lakh
A$57,640
Master of EconomicsUWAMaster's2 years₹36 lakh
A$54,000
Master of EconomicsUQMaster's2 years₹38 lakh
A$56,800
Master of Applied EconomicsANUMaster's2 years₹39 lakh
A$57,640
Master of EconomicsANUMaster's2 years₹39 lakh
A$57,640
Master of EconomicsMelbourneMaster's2 years₹41 lakh
A$60,992
Master of EconomicsUNSWMaster's1 year₹42 lakh
A$62,000
Master of EconomicsMonashMaster's2 years₹42 lakh
A$62,140
Master of EconomicsSydneyMaster's2 years₹43 lakh
A$64,800

Indicative international tuition for one full-time year, from each university's fee page for 2027 entry (2026 where 2027 was not yet out). Exchange rates: 1 AUD = ₹66.97, 1 NZD = ₹53.45, 1 USD = ₹95.22, 1 GBP = ₹126.53, €1 = ₹106.01. Source: European Central Bank reference rates (cross rates via the euro), 28 October 2026.

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Economics in Australia: the figures

Across 10 universities this subject comes to 15 programmes on our list (7 bachelor's, 8 master's). One year of a bachelor's here costs ₹26 lakh (A$38,450) to ₹39 lakh (A$57,640). Least expensive: UTAS's Bachelor of Economics, at ₹26 lakh. One year of a master's here costs ₹36 lakh (A$54,000) to ₹43 lakh (A$64,800). Campus cities: Sydney (4), Canberra (3), Brisbane (2), Melbourne (2), Perth (2). Bachelor's study lasts 3 years; a master's here takes 1–2 years.

Economics inside commerce

Many students study economics as a major in a Bachelor of Commerce rather than a separate degree. A dedicated economics bachelor's (Tasmania, UTS, UWA, UNSW, UQ, ANU) gives more theory and econometrics, which helps for a later master's or research.

Questions from Indian students: Economics in Australia

Which university is best for economics in Australia?
ANU (with Canberra's policy institutions), Melbourne, UNSW, Sydney and Monash for research; UQ and UWA in their states.
How much is an economics master's?
UWA A$54,000, UQ A$56,800, ANU A$57,640 (economics or applied economics), Melbourne A$60,992, UNSW A$62,000 (one year), Monash A$62,140, Sydney A$64,800 a year.
Do I need maths for economics?
Yes, master's expect calculus and statistics; ANU's Master of Applied Economics suits students with less theory.
What jobs follow?
Government and policy work, banks, consulting, research and data analysis.
Is economics on skilled occupation lists?
Economist is a recognised occupation; check the current list and assessing authority before relying on it.

Sources we checked