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The Best Universities for Economics in Australia (2024)

Written by Vincent Hedman

Why Study Economics in Australia

There are many reasons why someone might want to study Economics at a university in Australia. Here are just a few:

  • Australia is renowned for its excellent educational standards. Many of its universities are ranked among the top in the world, providing cutting-edge curricula and access to leading economists. This ensures that students receive a comprehensive and contemporary education in economics.
  • With strong research infrastructure and investments in higher education, Australia provides ample opportunities for Masters students to engage in pioneering research under the guidance of experienced academics. This is especially advantageous for those aiming towards a PhD or a career in research.
  • Australia offers an exceptional quality of life with its vibrant cities, stunning natural landscapes, cultural diversity, healthcare quality, and general safety, making it not only an excellent place to study but also a wonderful place to live during your academic journey.
  • Studying in Australia offers an international outlook on economic issues. Courses often include case studies from around the world, preparing students for careers in globalised markets by understanding diverse economic systems and challenges.

The Best Universities in Australia for Economics

The following tables give the 10 best Australian universities for Economics, according to global and local university rankings. It can show you which Australian universities are amongst the best in the world and help you compare institutions on an international level.

This information is based on the latest rankings tables, researched and published by Times Higher Education, QS and Academic Ranking of World Universities (ARWU).

Each ranking system uses its own methodology, with different factors having more or less influence on a university's result.

For more information on using international rankings as a postgraduate, see our guide.


Top 10 Australian Universities for Economics (Times Higher Education)
University Australia Rank Global Rank
University of Melbourne 1 41
Monash University 2 46
Australian National University 3 55
University of Sydney 4 =70
University of Queensland 5 74
UNSW Sydney 6 =97
Queensland University of Technology 7 101-125
Griffith University 8 126-150
Macquarie University 9 126-150
RMIT University 10 126-150
This information is based on the latest rankings tables, researched and published by Times Higher Education. Visit their website for more information.

What should I know about the Times Higher Education rankings?

The Times Higher Education rankings are strong in academic focus and diverse teaching metrics, but do not include employer-specific metrics. Additionally, the rankings may not include all specialist institutions.


Top 10 Australian Universities for Economics (QS)
University Australia Rank Global Rank
Australian National University 1 35
Monash University 2 36
UNSW Sydney 3 37
University of Melbourne 4 39
University of Sydney 5 =52
University of Queensland 6 =81
University of Technology Sydney 7 =128
RMIT University 8 151-200
University of Adelaide 9 151-200
University of Western Australia 10 151-200
This information is based on the latest rankings tables, researched and published by QS World University Rankings. Visit their website for more information.

What should I know about the QS rankings?

The QS World University Rankings are designed to meet the needs of prospective students, with more weight given to student-centric metrics such as staff/student ratio, international recruitment and employer opinion. The rankings are balanced between qualitative and quantitative data, but give less weight to research than some other rankings.


Top 10 Australian Universities for Economics (ARWU)
University Australia Rank Global Rank
Monash University 1 36
University of Sydney 2 47
Australian National University 3 51-75
University of Melbourne 4 51-75
UNSW Sydney 5 76-100
University of Technology Sydney 6 76-100
Macquarie University 7 101-150
University of Queensland 8 101-150
Deakin University 9 151-120
RMIT University 10 151-120
This information is based on the latest rankings tables, researched and published by Academic Ranking of World Universities. Visit their website for more information and a comprehensive list of engineering subject rankings.

What should I know about the ARWU rankings?

The ARWU rankings reflect the presence of elite academics and the future academic success of graduates. However, they do not directly assess the quality of education at a university or take into account other aspects of university performance.

Find your perfect Masters

Search our database of Masters Economics courses in Australia.


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Last updated: 14 October 2024