Which master's specialisation suits a graduate in Economics applying to Australia or Sweden?

The choice here turns less on which economics sub-field interests you and more on which post-study system you want to work inside, since Australia converts a master's into a visa-backed job search far more predictably than Sweden does.

Australia: Applied Econometrics for the Corporate Market

• Applied Econometrics / Quantitative Finance: sought after by banks and data-analytics firms in Sydney and Melbourne.
• Health Economics: feeds directly into government health departments and private consultancies.
• Visa: the subclass 485 Temporary Graduate visa gives a clear post-study work runway.

Sweden: Environmental Economics for the Research Track

A Third Track Worth Knowing in Each Country

• Australia, International and Development Economics: feeds government treasuries, federal bodies and NGOs working on Asia-Pacific trade policy, a good fit if banking or consultancy doesn't appeal.
• Sweden, Innovation and Economic Growth / Entrepreneurship: programs such as Chalmers University of Technology's blend economics with technology and business, tapping into Sweden's startup ecosystem rather than pure environmental policy research.

Naming the Universities Behind Each Track

• Australia: University of Queensland runs a specialised Health Economics track that feeds directly into government health departments and private consultancies.
• Sweden: Lund University, Stockholm University and Uppsala University are the three most globally recognised names across these specialisations, all offering degrees taught fully in English.

My Advice

If you are open to either academic research or public policy work, Sweden's empirically heavy master's programs are a genuine pipeline into PhD positions or international organisations, which Australia's programs do not emphasise as strongly. If you want a corporate or financial-sector job within two years of graduating, Australia's clearer visa pathway makes it the lower-risk pick. Either way, decide this before you shortlist universities rather than after, since the two countries' application calendars, entry tests and reference-letter expectations differ enough that switching tracks midway costs you a full application cycle. Also check whether your target Swedish program is taught in English end to end, since a handful of second-year electives at some universities quietly shift toward Swedish once the cohort thins out for specialised seminars.