Economic Policy Analysis» open the printable major» search for more Areas of Study
Economics involves the study of theories on how individuals, businesses and communities allocate or distribute resources such as goods, services, money, labour and knowledge. Economics therefore sits at the heart of policy development and analysis. This major provides students with an understanding of the development and the impact of economic policy in a national and global context.
Students who wish to pursue a career in policy development and evaluation may find the Economic Policy Analysis major a useful inclusion in their studies. An understanding of policy analysis is also useful for a range of occupations where the work is affected by various policies – whether institutional or national – but is not directly responsible for policy development. Graduates gain critical skills in communication, research, analysis and problem solving that are highly sort after by employers.
Employment opportunities for graduates with this major exist in government, non-government organisations, international organisations and private business or consultancy.
A placement elective is available to Bachelor of Social Science students, which involves completing a social science research project with a relevant organisation.
For more information about Economics, visit the Newcastle Business School site.
Some occupations require a higher level of completed study than an undergraduate degree, and for this reason it is worthwhile considering the range of Honours, Postgraduate and additional study options available. These options may also be useful for specialising in a particular area, or to stimulate career change. Some of the future options following the Economic Policy Analysis include:
After completing a degree there are a broad range of postgraduate options available in a variety of fields which can allow you to specialise in a particular area of interest or build upon your existing knowledge base. To explore such options please visit the Postgraduate Handbook at http://www.newcastle.edu.au/program/postgraduate/
The following list provides some example jobs for the Economic Policy Analysis major. Some of these jobs will depend upon the amount and level of study undertaken, level of experience, and the combination of other majors and electives studied, for example some may require further study.
- Access and Equity Advisor
- Business Analyst/Consultant
- Customs Officer
- Development Economist
- Diplomat / Foreign Affairs and Trade Officer
- Economic Analyst
- Economic/Social Statistician
- Financial Officer
- Immigration Officer
- Import/Export Officer
- Industrial Relations Officer
- Intelligence Officer
Getting the Edge
Most employers seek to recruit people who have relevant work experience and an appreciation for their industry. Here is a check list of ideas about gaining experience and industry knowledge.
- Check the type of experience most employers in your field of interest expect. Don’t overlook the part time work you may be currently doing. Most employers understand that the skills are transferrable even if the work is not in their industry.
- Check your academic program for any courses that involve a placement or the opportunity to undertake an industry based project.
- Check your school for Summer Scholarships for research opportunities.
- Check vacancy sites for advertised traineeships, part time employment and vacation work opportunities in your field.
- Source and approach organisations directly about possible work shadowing or information interview opportunities.
- Source and approach organisations directly for paid work opportunities.
- Consider volunteering.
Note: Gaining experience may be important but not at the expense of your studies. Make sure you do not overload your timetable with unrealistic work commitments.
Economic Policy Analysis graduates find employment opportunities in a wide variety of industries in small, medium or large organisations. Below is an example of some of the large organisations that recruit this major.
- ACIL Tasman (Australia)
- ACT Department of Education and Training (Australia)
- Amnesty International (International)
- ANZ (Australia)
- Asian Development Bank (Australia)
- Attorney Generals Department (Australia)
- AusAID (International)
- Australian Bureau of Agricultural and Resource Economists (Australia)
- Australian Bureau of Statistics (Australia)
- Australian Competition and Consumer Commission (Australia)
- Australian Customs Service (Australia)
- Australian Prudential Regulation Authority (Australia)
- BIS Shrapnel (Australia)
- Commonwealth Bank of Australia (Australia)
- CSIRO (Australia)
- Deloitte (Australia)
- Department of Agriculture, Fisheries and Forestry (Australia)
- Department of Broadband, Communications and the Digital Economy (Australia)
- Department of Community Services (Australia)
- Department of Defence (Australia)
- Department of Education, Employment and Workplace Relations (Australia)
- Department of Finance and Deregulation (Australia)
- Department of Foreign Affairs & Trade (International)
- Department of Infrastructure, Transport, Regional Development and Local Government (Australia)
- Department of Services, Technology and Administration (Previously the Department of Commerce) (Australia)
- EnergyAustralia (Australia)
- Ernst & Young (International)
- Ford Motor Company (Australia)
- Insurance Australia Group (Australia)
- International Monetary Fund (Australia)
- Local Government - NSW directory (Australia)
- Masterfoods (Australia)
- National Australia Bank (Australia)
- NSW Treasury (Australia)
- OECD (Australia)
- PricewaterhouseCoopers (Australia)
- Productivity Commission (Australia)
- Reserve Bank of Australia (Australia)
- Shell (International)
- Sinclair Knight Merz (International)
- Standard Chartered Bank (International)
- The Treasury (Australia)
- Unilever (International)
- Urbis (Australia)
- Westpac (Australia)
- World Bank (Australia)
Some large organisations have specific graduate recruitment programs designed to employ the pick of graduates each year. You must be in your final year of study or recently completed to apply for these programs. The timing of these recruitment drives varies and may occur at any point in the academic year, in some cases starting as early as the first few weeks of the first semester or trimester.
Find out if employers in your area/s of interest have graduate programs, when they typically recruit and what recruitment methods they use. Check with the Careers Service .
Job Prospects and Salary
For up-to-date information please see Job Outlook Australia. This site provides basic Australian labour market information including job prospects, skills requirements and salaries. You might try some of the classifications below as a guide on this site.
Societies and Associations
Associations and societies often provide relevant and up to date information about a variety of issues relating to specific industry sectors. These can be a good starting point to learn more about occupations through profiles, industry news, links to academic journals and information on research developments. Many also offer student membership, conference and professional development activities, newsletters and the opportunity to participate in projects.
Below are links to a variety of Economic Policy related societies and associations that you might find interesting.
- Australian Social Policy Association (Australia)
- Centre of Full Employment and Equity (Australia)
- The Economics Society of Australia (Australia)
Don’t overlook student societies and associations. As well as student chapters of professional associations, some faculties or schools have discipline based student associations. Check your school or faculty web site; perhaps you might start one if one doesn’t exist.
Some academic disciplines run Seminar Programs that involve regular seminars presented by University of Newcastle academics, visiting academics and postgraduate students. Check your schools website for the timetable.
Job Search Sites
Searching job sites is a good way to gain an understanding of: industries recruiting professionals in this field; types of roles and the requirements or expectations of employers for these roles. There are many online job search sites, here are a few to start with:
Australian and International
- CareerHub: the University of Newcastle Careers Service careers and job search site for enrolled students and graduates.
- CareerOne: Australia wide job listings, all levels and industries including executive positions
- MyCareer: Australian and international listings
- Seek: comprehensive Australian job listings, also includes New Zealand and UK listings
- The Big Chair: Management and Executive Jobs
Graduate Attributes and Employability
Graduate attributes for the Bachelor of Social Science are the skills, abilities and knowledge that are highly sought after by a broad range of employers. Below is the complete list of attributes that graduates will have demonstrated upon the completion of the degree.
Upon completion of the degree, graduates can expect to have:
- Advanced social research skills: In-depth knowledge and skills in the design and conduct of social research, including the capacity to collect, organize, critically assess, and present information in written and oral forms.
- Specialist Social Science knowledge: Comprehensive knowledge of one or more specialist areas in the Social Sciences.
- Critical thought and informed decision-making: The ability to structure and present logical arguments, critically analyse material and opinions, and make informed decisions.
- Effective management and teamwork skills: The ability to work autonomously and collaboratively, including effective leadership skills, teamwork, organisational and program management capabilities.
- High-level communication, interpersonal and presentation skills: Advanced level of written, oral, and interpersonal skills, including the effective use of information and communication technologies.
- Ethical and socio-cultural sensitivity: An understanding of ethical issues, standards, and public responsibility in relation to professional practice. An appreciation of cultural diversity and sensitivity towards vulnerable and Indigenous groups.
You will recognise these attributes in the selection criteria listed in the following job ads.
Sample Job Ads & Tips
Job ads provide useful information about the job and the required skills, experience and qualifications. Information like this is useful in career planning. Below is a small sample of job ads with tips on planning and job applications; explore further to gather more useful information for your planning.
Please note, the job ads listed on this page are not current and were sourced from a variety of websites in 2010.