Home' The Good Universities Guide : The Good Universities Guide 2015 Contents ECONOMICS 101
Not all economics graduates go into jobs as economists.
Economics provides a good starting point for careers in a variety
of occupations and organisations. Perhaps some of the 32 per
cent of the 2012 graduates who undertook further study after their
economics degrees were preparing for these other careers. Many
others, though, might continue with an honours year in
economics, which is recommended for those aspiring for the top
jobs in the field. Graduate job prospects are average, with 28 per
cent of 2012 graduates still looking for work after several months,
but starting salaries are comparatively high, at $55,780.
Professional economists’ salaries are also quite high, but as a
profession it is small, with only slight growth predicted in the
coming years and few vacancies.
FOR FURTHER HELP...
• To compare the pros and cons of economics with other
fields of study, see the table on page 64 and the institution
profiles in Section 4.
• For more about jobs and careers in this field, see the Job
Guide website at http://jobguide.thegoodguides.com.au.
• For ratings of postgraduate economics courses, see the
Hobsons Course Finder website at
Tanya — Bachelor of Arts majoring in politics/Bachelor of Economics
Why did you choose to study
In Year 11, I had a fantastic economics
teacher who taught me that people’s
decisions and behaviours could be
explained by simple economic theories
and philosophies. As I learnt more about
economics, specifically microeconomics,
I found that, in most cases, economic theory can explain
human behaviour using concepts such as price, incentives,
opportunity costs and asymmetric information.
What was the best thing about your course?
The best things about my course were the broad range of
subjects, the talented lecturers, the great library on campus
and the comradeship of my honours colleagues in our final
year of study. I also enjoyed the broad application of
economics in different areas such as health economics,
sports economics, game theory, behavioural economics,
public and social policy economics and environmental
What was the worst thing about your course?
I would have to say the technical mathematics in fourth-year
Have you found work in your field?
I completed the Victorian public service graduate program in
the economic stream. Since completing my graduate year I
have worked in the state Department of Treasury and
Finance, providing advice to senior management and
government on the allocation of public finances, the
preparation of the state budget and financial reports, and
management of the state’s finances.
What advice would you give to students considering
Apply yourself to different areas of economics — if one
subject doesn’t work, it doesn’t mean that economics isn’t for
you. I would encourage students to consider completing the
honours year, as it’s worthwhile both on an academic and
personal level. Keep up the extracurricular activities, and
completing internships is always favourable.
The student body and graduate ratings (continued)
THE STUDENT BODY
tuition costs for
Teaching quality Generic skills
The fees shown are for the whole course and are approximate. Confirm with the institution concerned. For an explanation of abbreviations, see page 429.
National average rate of retention
66–72 73–79 80–86 87–93 94–100
National avg. rate of
retention by ATAR range
GUG 2015.book Page 101 Friday, June 13, 2014 11:51 AM
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