Monash University: University Handbooks: Postgraduate Handbook 2002: Units indexed by faculty
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Graduate Diploma in Economic Studies


General information

Course code: 0172 + Course abbreviation: GradDipEcSt + Clayton campus + Normally completed in two semesters of full-time study or four semesters of part-time study (may need to be taken over three semesters due to the sequential nature of some units)
The Graduate Diploma in Economic Studies is aimed at graduates of disciplines other than economics and commerce, graduates who have taken only the equivalent of first-year economics, or economics/commerce graduates of more than 10 years standing. Specialisations in economics, econometrics and economic history are available. Students who achieve a high standard will be able to progress to further graduate work.
Admission to the course is open to applicants who have qualified for a pass degree from a recognised tertiary institution. It is preferred that applicants have successfully completed Year 12 mathematics or equivalent. For the econometrics specialisation, it may be necessary for students without a tertiary background in statistics to undertake the first-year-level statistics unit prior to entry to the course.
Substitutions rather than course credits are the rule for work done previously. Students who have passed units with content and standard similar to those of the four core units within the economics and economic history specialisations are expected to substitute other units; for example, for a person with a mathematics/statistics background, it may be appropriate to substitute a higher-level econometrics unit for ETC9000 or ETC9010 or both. It is assumed that students who have already passed units of a content and standard similar to that of the other four units would not normally wish to enrol in the diploma, but if there should be such students, a similar substitution rule will apply. Substitution is only available for units completed within the previous 10 years.
The Graduate Diploma in Economic Studies is a HECS-based course.
Students who successfully complete the Graduate Diploma in Economic Studies with an average grade of 70 per cent or above may apply for admission to the Postgraduate Diploma in Economics.

Course structure

The course consists of eight semester-length units.

Econometrics specialisation

Course director: Associate Professor Keith McLaren
1. Four units from the following, at least one being selected from those marked with a dagger:

2. At least two units from:

Students whose qualifying degree is in economics may, with the permission of the head of the Department of Econometrics and Business Statistics, substitute other units for the two economics units.
3. Two units from the preceding lists or from second and third-year units available in the Bachelor of Economics degree.

Economics specialisation

Course director: Associate Professor Keith Trace
1. Four core units:

Due to the sequential nature of ETC9000 and ETC9010, students will not be able to take all the first four units in the first semester of their course. Together with the background required for the other units, this implies that a student with no prior economics or statistics may need to take more than two semesters to complete the course.
2. At least two of the following:

3. Not more than two other third or second-year units taught by the departments of Economics or Econometrics and Business Statistics (Clayton) and available in the Bachelor of Economics degree, of which not more than one may be from outside the Department of Economics or from second year.

Economic history specialisation

1. As for the economics specialisation.
2. At least three of the following, only one of which may be a second-year unit.

3. Not more than one other second or third-year unit taught by the Department of Economics or Econometrics and Business Statistics (Clayton) and available in the Bachelor of Economics degree.

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