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ANU Postgraduate research

Research is at the core of everything we do. It informs the content of our degrees, influences public policy and solves some of our region’s greatest challenges.

ANU postgraduate research

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Scholarships & Fees

How to apply

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Studying an advanced, research-focused Doctor of Philosophy (PhD) or Master of Philosophy (MPhil) degree at The Australian National University (ANU) is an opportunity to make a substantial and original contribution to your discipline or area of professional practice.

We’ll automatically consider you for a scholarship when we receive your application.

Research areas

Our research priorities reflect the challenges facing the world today.

ANU researchers are currently exploring a range of disciplines and study areas .

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Before you apply

Find a potential supervisor and explore our colleges’ research opportunities. Some colleges have different application requirements – so make sure you’re aware of and follow these before you apply.

1. Find a supervisor

Discover potential supervisors. Explore their research and published works and find their contact details.

Search supervisors

2. ANU college research opportunities

Our colleges can provide you with information about research areas, supervisors and groups, as well as who to contact.

NOTE: More than one college can offer supervision in a particular study area.

• ANU College of Arts & Social Sciences
• ANU College of Asia & the Pacific
• ANU College of Business & Economics
• ANU College of Engineering, Computing & Cybernetics
• ANU College of Health & Medicine
• ANU College of Law
• ANU College of Science

3. Explore college application requirements

If you have found a supervisor you would like to work with and the college that offers this supervision, you will need to find out if there are any pre-application steps that your college would like you to take.

Most colleges would like you to find and secure the support of a potential supervisor before you complete your application. For example, the ANU College of Business & Economics has different arrangements for setting up supervision, so please check in with them before applying.

Some colleges will ask you to send a short description of your proposed area of research as an expression of interest and a summary of your academic qualifications, including grades, to them first.

Visit the ANU college research pages for pre-application advice (see the links under 'ANU colleges’ content above).

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Applying to ANU

You can apply at any time of the year – but if you would like to be considered for a scholarship, you will need to send your application within the scholarship’s application deadline.

Scholarship applicants

Your referees should send their reports before your scholarship’s deadline. Give them as much time as possible by completing your ANU application 2–3 weeks earlier than the scholarship’s deadline. We’ll contact your referees when we get your application.

Application requirements

Your application to study at ANU must meet the following requirements.

1. Minimum admission requirements

Explore our minimum admission requirements.

Requirements for admission to a Doctor of Philosophy degree

• An Australian bachelor’s degree with at least second-class honours (Upper first-class honours may be required by some programs) or the international equivalent, or
• Another degree with a significant research/thesis component, or
• A combination of qualifications, research publications and/or professional experience related to your field of study

Requirements for admission to a Master of Philosophy degree

• An Australian bachelor’s degree or higher, with an overall grade of distinction or higher, or the international equivalent, or
• Another equivalent degree, or
• A combination of qualifications, research publications and/or professional experience that are related to your field of study

2. English language requirements

You must meet our English language requirements to be eligible for admission to ANU. While you can apply without having met them, you will need to show that you do when you get a study offer from us.

Unsure whether you can meet the English language requirements? Contact your research school or the Graduate Research Office before you send your application.

Learn more about ANU English language requirements

3. Research proposal

Your draft research proposal only needs to be short. Check in with your potential supervisor to clarify their expectations for this proposal before you send it in with your application.

Your proposal should present your idea or question in your discipline area clearly. Consider it a statement about the basis of the research you’d like to do.

Your research proposal should:

• establish the relevance of your idea
• show gaps in your field – and how your research would address these
• include how you would go about your research project – your approach, methodologies and resources.

You will be able to change the proposal once you have enrolled in your program.

Learn about research proposals

4. Referees

Referee reports are mandatory when applying for admission to a HDR Program. At least 2 referees reports are required to commence assessment of the application. Academic referees, who are able to comment on the applicant’s ability to undertake the program, are preferred, however, professional references can also be used. The University may request additional referee reports during the assessment of the application.

Ensure their contact details are correct; we will email them a report to complete from within the application portal as soon as we have received your application.

If your referee is unable to access our system-generated referee report, they can contact the Admissions team and ask for another version of the form.

Your referees must send their completed reports confidentially and directly to the University rather than to you.

Reference documents:

• Research Application Referee Report (DOCX, 85.97 KB)

5. Supporting documentation

Upload clear, colour copies of your academic transcripts and graduation certificates with your application. You do not need to certify these documents, but they must be original copies. We will verify their authenticity.

If your academic documents were originally given to you in a language other than English, we will need official copies of the document in that language and original translations for verification purposes.

6. Incomplete qualifications

You can apply to ANU before you complete your current degree if you are in your final year. Advise the Graduate Research office your expected completion date via your application and supply a copy of the qualification when we make you an offer.

For more information, refer to ‘Supporting documentation’.

If you have the approval of a college and a potential supervisor, you can apply for admission to ANU. Without this endorsement, though, we might not be able to assess your application.

Choose the program you want to study from the Program & Courses catalogue

On the program’s page, click 'apply’ to open the application portal

Complete your application

Receiving an offer from ANU

After we assess your application, we will contact you via email about the outcome within 6–8 weeks (about 2 months). This could take longer if we're also considering you for a scholarship.

If you do not hear from ANU within two months, contact your research school or email the Graduate Research Office.

• Contact Graduate Research Office

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Scholarships and Fees

Scholarships.

ANU and CBE offer a range of scholarships to domestic and international higher degree by research (HDR) candidates, some of which are listed below.

If you’re interested in applying for a scholarship, you should express your interest when applying for entry to the relevant program. To be considered for a scholarship, we must receive your complete application, including the referee reports, before 31 August (for international applicants), or before 31 October (for domestic applicants) . Request for referee reports are triggered and sent to your nominated referees at the time of submission of program application. It is thus important that you submit your application in advance (2-3 weeks) to allow time for your referees to provide their reports prior to the scholarship deadline.

Read more about ANU  research scholarships .

You won’t pay tuition fees if you’re a domestic candidate (i.e. an Australian or New Zealand citizen, Australian permanent resident, or holder of an Australian permanent humanitarian visa) enrolling in an HDR program for the first time. These research training costs are met by the Australian Government under the Research Training Program.

If you’re an international candidate, you’ll be required to pay tuition fees for the duration of your HDR program.

Read more about  HDR tuition fees .

The College may offer  HDR Fee Remission Merit Scholarships , which cover tuition fees for up to four years, to eligible new international PhD candidates on a competitive basis.

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Research School of Economics

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Research areas

Applied Econometrics

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Business dynamism indicators in australia.

• Description

Event details

PhD Seminar (Econ)

Date & time

Business dynamism in Australia has fallen since the early 2000s. In particular, entry and exit rates, job reallocation, the proportion of high growth firms, and employment by young firms declined. This occurred simultaneously with a rise in markups and industry concentration and is consistent with the experience of other advanced economies.

Updated:   14 May 2024 / Responsible Officer:   Crawford Engagement / Page Contact:   CAP Web Team

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• Programs and Courses

Master of Economics

A single two year graduate award offered by the ANU College of Business and Economics

• Length 2 year full-time
• Minimum 96 Units
• Academic plan MECON
• Post Nominal MEc
• CRICOS code 082290F
• Economics and Econometrics
• Dr Cagri Kumru
• Admission & Fees
• First Year Advice
• Introduction

Career Options

Learning outcomes, inherent requirements, further information.

• Additional Information

Admission Requirements

Scholarships.

• Indicative Fees

Program Requirements

Study options.

The Master of Economics requires the completion of 96 units, which must consist of:

48 units from completion of the following compulsory courses

ECON6012 Optimisation for Economics and Financial Economics

ECON7073 Microeconomic Analysis

ECON7074 Macroeconomic Analysis

ECON8025 Advanced Microeconomic Analysis

ECON8026 Advanced Macroeconomic Analysis

EMET7001 Mathematical Techniques for Economic Analysis

EMET8005 Econometric Methods and Modelling

STAT7055 Introductory Statistics for Business and Finance

48 units from completion of the following concluding component:

18 units from completion of the following compulsory courses:

ECON8011 Microeconomic Theory

ECON8022 Macroeconomic Theory (Master)

EMET8002 Case Studies in Applied Economic Analysis and Econometrics

30 units from completion of courses from the following electives:

ECON6039 Health Economics

ECON6040 Resource and Environmental Economics

ECON6041 Labour Economics and Industrial Relations

ECON6181 Competition Policy and Regulation

ECON8001 Topics in Macroeconomics

ECON8003 Economic Policy Issues

ECON8006 International Trade Theory

ECON8009 International Monetary Economics

ECON8014 Computational Methods in Economics

ECON8015 International Economics

ECON8021 Topics in Microeconomic Theory

ECON8034 Public Sector Economics

ECON8037 Financial Economics

ECON8038 Industrial Organisation

ECON8047 Law and Economics

ECON8050 Economic Growth

ECON8053 Game Theory

ECON8078 Organisational Economics

ECON8080 Advanced Behavioural Economics

ECON8091 The Economy, Politics and the State

ECON8180 Economic Analysis of the Digital Economy

ECON8887 Advanced Research Essay

ECON8901 Advanced Topics in Poverty, Public Policy and Development

EMET8001 Applied micro-econometrics

EMET8008 Advanced Econometrics II

EMET8010 Applied Macro and Financial Econometrics

EMET8012 Business and Economic Forecasting

EMET8014 Advanced Econometrics I

IDEC8022 Development Economics

IDEC8003 Issues in Development Policy

To continue to the concluding component (final 48 units) of studies, students must achieve a minimum 70% weighted average mark in the following courses:

 Students who do not achieve a minimum 70% weighted average mark will be transferred to the Master of Economic Policy or the Graduate Diploma of Economics. Students who achieve a weighted average mark in the above courses between 65-70% may choose to transfer themselves to the Master of Applied Economics.

Applicants must present the following:

• A Bachelor degree or international equivalent with a minimum GPA of 5.0/7.0

The GPA for a Bachelor program will be calculated from (i) a completed Bachelor degree using all grades and/or (ii) a completed Bachelor degree using all grades other than those from the last semester (or equivalent study period) of the Bachelor degree. The higher of the two calculations will be used as the basis for admission.

Progression Requirements: To continue to the concluding component (final 48 units) of studies, students must achieve a minimum 70% weighted average mark in the following courses:

ECON8013  Optimisation for Economics and Financial Economics

ECON8025  Advanced Microeconomic Analysis

ECON8026  Advanced Macroeconomic Analysis

EMET8005  Econometric Methods and Modelling

If students do not achieve a minimum 70% weighted average mark they will be transferred to the Master of Economic Policy or the Graduate Diploma of Economics. Students who achieve a weighted average mark in the above courses between 65-70% may choose to transfer themselves to the Master of Applied Economics.

Ranking and English Proficiency: At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry. In line with the University's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors.  Applicants will first be ranked on a GPA ('GPA1') that is calculated using all but the last semester (or equivalent) of the Bachelor degree used for admission purposes. If required, ranking may further be confirmed on the basis of: 

• a GPA ('GPA2') calculated on the penultimate and antepenultimate semesters (or equivalent) of the Bachelor degree used for admission purposes; and/or
• demonstrating higher-level English language proficiency

Prior to enrolment in this ANU program, all students who gain entry will have their Bachelor degree reassessed, to confirm minimum requirements were met.

Further information: English language admission requirements and post-admission support

Diversity factors: As Australia’s national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe.

Assessment of qualifications: Unless otherwise indicated, ANU will accept all Australian Qualifications Framework (AQF) qualifications or international equivalents that meet or exceed the published admission requirements of our programs, provided all other admission requirements are also met.

Where an applicant has more than one completed tertiary qualification, ANU will base assessment on the qualification that best meets the admission requirements for the program. Find out more about the Australian Qualifications Framework: www.aqf.edu.au .

Unless otherwise indicated, where an applicant has more than one completed tertiary qualification, ANU will calculate the GPA for each qualification separately. ANU will base assessment on the best GPA of all completed tertiary qualifications of the same level or higher.

ANU uses a 7-point Grade Point Average (GPA) scale. All qualifications submitted for admission at ANU will be converted to this common scale, which will determine if an applicant meets our published admission requirements. Find out more about how a 7-point GPA is calculated for Australian universities: www.uac.edu.au/future-applicants/admission-criteria/tertiary-qualifications .

Indicative fees

Domestic Tuition Fees (DTF)

For more information see: http://www.anu.edu.au/students/program-administration/costs-fees

For further information on International Tuition Fees see: https://www.anu.edu.au/students/program-administration/fees-payments/international-tuition-fees

Fee Information

All students are required to pay the  Services and amenities fee  (SA Fee)

The annual indicative fee provides an estimate of the program tuition fees for international students and domestic students (where applicable). The annual indicative fee for a program is based on the standard full-time enrolment load of 48 units per year (unless the program duration is less than 48 units). Fees for courses vary by discipline meaning that the fees for a program can vary depending on the courses selected. Course fees are reviewed on an annual basis and typically will increase from year to year. The tuition fees payable are dependent on the year of commencement and the courses selected and are subject to increase during the period of study.

For further information on Fees and Payment please see: https://www.anu.edu.au/students/program-administration/fees-payments

ANU offers a wide range of  scholarships  to students to assist with the cost of their studies.

Eligibility to apply for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are.  Specific scholarship application process information is included in the relevant scholarship listing.

For further information see the  Scholarships  website.

The Master of Economics reputation for rigorous training in graduate economics - underlined by its research-active pedagogy - attracts outstanding students to the University. In particular, influential economic policymakers in prominent organisations of national executive government (especially PM&C and Treasury) have found the MEc’s focus on national policy issues very rewarding. The degree's accommodation of a focus on Australia's place in the region (through coursework choices and research) is worth stressing.

ANU ranks among the world's very finest universities. Our nearly 100,000 alumni include political, business, government, and academic leaders around the world.

We have graduated remarkable people from every part of our continent, our region and all walks of life.

• undertake formal economic analysis and empirically test solutions to economic problems;
• possess the technical skills needed to access the academic literature in most fields of study in economics;
• assimilate the significant content of recent developments in both theoretical and applied economics;
• undertake independent research in economic theory at the graduate level and provide economic intuition for the results

Information on inherent requirements is currently not available for this program

This program will be available for S1 and S2 intake.

Please be aware that the elective courses available in the second year may be different for students commencing in semesters 1 and 2.

Please note: Postgraduate students in the Research School of Economics are ineligible to undertake CBEA6070 ANU College of Business and Economics Internship Project (PG).

It is highly recommended that students take Maths summer course offered by the Research School of Economics upon completion of EMET7001 . Further information about this course is available here: https://www.rse.anu.edu.au/students/students/maths-summer-course/

ECON6003 will replace ECON8003 in 2024.

ECON6012 will replace ECON8013 in 2024.

ECON6041 will replace ECON8041 in 2024.

In each of these cases, these courses should be considered equivalent for all purposes. Completing either version will cover listed study requirements for the other. Completing either version is incompatible with studying the other.

About this degree

Enrolment status.

Back to the Master of Economics page

 Students who do not achieve a minimum 70% weighted average mark will be transferred to the Master of Economic Policy or the Graduate Diploma of Economics.

It is possible to enrol in less than 24 units per semester but it will take you longer to finish your program and get your degree. If you are an international student you must always be enrolled full-time in 24 units each semester.

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Do you want to talk to someone before enrolling?

Contact [email protected]

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Taxing high-powered entrepreneurship.

• Description

Event details

Date & time.

This paper provides new measures of the payoff distribution faced by founders of VC-backed start-ups in the United States and uses them to evaluate reform proposals to the taxation of capital gains discussed recently. In a first step, we combine novel data on the funding rounds, pre-exit valuations, and exit values of start-up firms with information on the firms’ ownership structure contained in the capitalization tables submitted to the U.S. Securities Exchange Commission. We focus on the skewness of this distribution and, in particular, its power law property at the top. In a second step, we use these measures to quantify the effects of alternative reforms to the taxation of capital gains. Currently, capital gains are taxed only upon realization, but recent proposals involve the taxation of unrealized gains (either through accrual-based taxation or a wealth tax). Such a regime change, even when holding the tax rate unchanged, dilutes the founders’ ownership share pre-exit, thus significantly reducing their payoff in case of success. At the same time, it provides insurance by effectively allowing founders to cash out early in case of failure. Finally, we embed these results in a dynamic occupational choice model to quantify the effects of these tax policy proposals on entry into entrepreneurship.

Florian Scheuer is the UBS Professor of Economics of Institutions at the University of Zurich and Chairman of the Department of Economics. He was previously on the faculty at Stanford University, a Visiting Professor at Harvard University and UC Berkeley, and a National Fellow at the Hoover Institution. He obtained his PhD in Economics from MIT in 2010. Professor Scheuer’s research connects the fields of public finance, economic theory, macroeconomics and political economy. In particular, he has studied the policy implications of rising inequality. His work has been published in the American Economic Review, the Journal of Political Economy, the Quarterly Journal of Economics and the Review of Economic Studies, among other journals. He was awarded a Starting Grant from the European Research Council for his project “Inequality: Public Policy and Political Economy” in 2017 and a Consolidator Grant from the Swiss National Science Foundation (ERC replacement scheme) for the project “Taxing Capital Gains” in 2023. Florian Scheuer is Director of the Review of Economic Studies and was Co-Editor of Theoretical Economics from 2018 to 2022. He is also Co-Director of the Working Group on Macro Public Finance (MPF) at the National Bureau of Economic Research (NBER) in Cambridge and serves on the Council of the European Economic Association. In 2021, he was awarded the Hermann Heinrich Gossen Prize for the best economist in German-speaking countries under the age of 45.

Updated:   15 May 2024 / Responsible Officer:   Crawford Engagement / Page Contact:   CAP Web Team

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+61 2 6125 5111 The Australian National University, Canberra CRICOS Provider : 00120C ABN : 52 234 063 906