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Economics & Business

Development Economics

Ekonomi Pembangunan

You study how macro and micro economies work, public policy, regional development, and issues of poverty, inequality, unemployment, and economic growth.

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Level S1 · 4 years
Market demand Stable, across multiple sectors
Mid salary Rp 8–15 million /mo
01

Big Picture

DATA

Analyzing the process of economic development and designing data-driven policies to increase growth, equity, productivity, and societal welfare.

Core courses

  • ›Microeconomics
  • ›Macroeconomics
  • ›Econometrics
  • ›Development Economics
  • ›Regional Economics
  • ›Public Policy
  • ›Development Planning
  • ›Economic Statistics
WHO THIS FITS

A good fit if you are interested in understanding the economic problems of society, reading data, assessing the impact of policies, and building arguments grounded in theory and empirical evidence.

Education levels

how does it differ from other levels?
S2
A master's degree deepens the theory, research methods, and policy analysis of development. It typically takes about 1.5–2 years after an S1 (bachelor's), and produces a thesis with more specialist analytical or policy-formulation capacity.

Often confused with…

what's the difference?
vsManajemen (Management)
Manajemen (Management) focuses more on managing organizations, marketing, operations, and human resources; Development Economics focuses on policy, markets, growth, and societal welfare.
vsIlmu Ekonomi (Economics)
Development Economics uses economic theory to examine growth, inequality, poverty, and development policy; Ilmu Ekonomi (Economics) can have a broader scope of theory and concentrations.
vsAkuntansi (Accounting)
Akuntansi (Accounting) focuses on financial recording, reporting, and auditing; Development Economics focuses on the analysis of economic systems and policy.
vsPerencanaan Wilayah dan Kota (Regional and City Planning)
Perencanaan Wilayah dan Kota (Regional and City Planning) organizes space and regions; Development Economics assesses the economic impact, policy, and welfare in development.

Myth vs Fact

MYTH Development Economics only covers national economic theory.
FACT You also study data, econometrics, public policy, regional economics, and the economic problems of society.
MYTH Graduates can only work as economists.
FACT Graduates can enter research, banking, policy analysis, planning, consulting, government, and development institutions.
MYTH This program does not require mathematics.
FACT Statistics, economic mathematics, and econometrics are essential tools for reading and testing data.
02

Toolkit & Prep

GUIDE

Personal hardware & software you need to prepare before classes start — requirements vary by program. Expensive, heavy-duty equipment is usually provided by the campus.

MINIMUM LAPTOP SPEC

Minimum laptop: Core i5 or Ryzen 5, RAM 8 GB, SSD 256 GB; RAM 16 GB more comfortable for data processing and many research tabs.

ESTIMATED STARTUP BUDGET
Rp 6–12 million

A one-time purchase that lasts through your studies.

Laptop
Used for statistics, econometrics, spreadsheets, writing, and research.
Required
Spreadsheet application
For data cleaning, tables, and basic analysis.
Required
Statistical or econometric software
Choose software used in class; check campus license options or free software.
Required
Stable internet connection
Needed to access statistical data, journals, and policy portals.
Required
Cloud storage or external drive
For backing up datasets, assignments, and research manuscripts.
Optional
03

Facility Checklist

GUIDE

Questions specific to Development Economics to bring to an open house or campus visit. Important facilities vary by program — these matter most.

Note: Myjor doesn't maintain a facilities database per campus. This is a tool for you to assess it yourself.

Does the campus provide access to national, regional, and international economic datasets for assignments and research?
Is there a computer lab with statistical or econometric software that students can use?
Do students get access to journals, databases, and statistical collections through the library?
Is there mentoring for data consultation and research methods for the thesis?
Does the campus have discussion rooms or collaboration facilities for policy projects and research?
Is information available on internships or field projects related to local government, research institutes, or the financial sector?

Tip: ask for a tour of the relevant labs/studios, not just the main building. Ask about access hours and whether undergrads can use the equipment.

04

Academic Quality

GUIDE

Three objective ways to assess a program's academic quality — including how to check them yourself.

A

Program accreditation status

Check the program's own accreditation rating (not just the campus's) on official sites. International accreditation is a plus for certain fields.

Unggul / A — top tier Baik Sekali / B Baik / C

Check at: BAN-PT (banpt.or.id) or the relevant LAM, & PDDIKTI (pddikti.kemdikbud.go.id).

B

Student–faculty ratio & how to calculate it

ratio = active students ÷ full-time faculty
Example: 600 students ÷ 25 faculty = 1 : 24
✓Ideal: ≈1:20 for STEM/science fields, ≈1:30 for social sciences/humanities (per Ministry of Education guidance).
!The smaller the second number, the more attention each student gets. Above 1:40 is worth flagging.
!Also check faculty qualifications (Master's/PhD) and whether there are industry practitioner lecturers.
C

Faculty research — relevant & current?

Look up faculty profiles and publications (Google Scholar / SINTA). For Development Economics, look for those researching currently relevant topics:

Poverty, inequality, and the effectiveness of social protection programsRegional economic growth and productivityUnemployment, the labor market, and job qualityRegional economics and interregional disparitiesEvaluating the impact of fiscal and monetary policiesSustainable development and the green economyThe digital economy and financial inclusionFood security and rural developmentInvestment, trade, and regional competitivenessPublic economics and the quality of basic services

E.g., is there faculty researching AI, or cancer-related topics? Active research topics signal the program keeps up with the field.

ASK AT THE OPEN HOUSE

"What's this program's student–faculty ratio? What research topics are faculty currently working on? What percentage of graduates find field-relevant jobs within 6 months?"

05

Partnerships

GUIDE

Campus partnerships heavily shape internship, research, and career paths. Which partners matter varies by program — here's what's relevant for Development Economics.

internships at government agencies
Ask about active internship tracks with Bappeda, BPS, ministries, regional governments, or policy institutes; request evidence of the number of students placed.
joint research with public institutions
Ask whether students can take part in surveys, program evaluations, or joint research with the government and research institutes.
financial sector partners
Ask about internship or project collaborations with banks, financing institutions, fintech companies, and securities firms.
consulting and market research
Ask about data analysis, survey, or policy evaluation projects conducted jointly with economic consultants and research institutes.
development organizations and NGOs
Ask about opportunities for development projects, community empowerment, and program evaluations with NGOs or development organizations.
data analysis certifications
Ask about training in statistics, econometrics, spreadsheets, and data visualization, as well as certifications funded or recognized by the campus.
active MoUs
Request a list of active MoUs, not just logos on a brochure. Ask how many students actually participate in internships or projects each year.

Ask for a list of official partners with active MoUs — not just logos in a brochure. Ask how many students are actually placed each year.

06

Career & Salary

DATA
Entry
0–2 years
Rp 4–8 million
per month
Mid
3–6 years
Rp 8–15 million
per month
Senior
7+ years
Rp 15–30 million
per month
Career pathsSalary range /mo
Policy analyst Rp 5–15 million
Economic or research analyst Rp 5–15 million
Financial analyst Rp 5–14 million
Development planner Rp 5–15 million
Data or business analyst Rp 6–18 million
Economic researcher Rp 5–16 million
Economic consultant Rp 7–25 million
Credit or risk analyst Rp 5–16 million

Sources: Myjor 2024 industry salary survey (n=4,200), BPS, and job portals. Figures are medians, influenced by city, company, and experience.

Sources & References

The career & salary data above traces back to its sources. Click to expand/collapse the source list.