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Graduate Diploma in Economic Studies

Course code: 0172 + Course abbreviation: GradDipEcSt + Total credit points required: 48 + 2 semesters full-time (possibly 3 semesters due to the sequential nature of some units), 4 semesters part-time

Study mode and course location

On-campus (Clayton)

Course description

This course 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.

Students undertaking this course are able to apply for a Commonwealth-supported place.

Entry requirements

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.

Advanced standing

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.

Course structure

Econometrics specialisation

(a) Students must complete four units (24 points) from the following, with at least one being selected from those marked with an asterisk:

  • ETC2400 Econometrics*
  • ETC2430 Actuarial statistics
  • ETC2450 Applied forecasting for business and economics
  • ETC2480 Decision models for managers
  • ETC2490 Business simulation
  • ETC2500 Market research analysis
  • ETC3400 Econometric theory*
  • ETC3410 Applied econometrics
  • ETC3430 Applied econometric modelling
  • ETC3450 Time series analysis for business and economics
  • ETC3460 Financial econometrics
  • ETC3480 Decision analysis for managers
  • ETC3500 Survey data analysis
  • ETC3510 Modelling in finance and insurance

(b) Students must complete at least two units (12 points) from:

  • Second or third-year units taught by the Department of Economics (other than ECC2000 Microeconomics and ECC2010 Macroeconomics)
  • ECC9000 Microeconomics
  • ECC9010 Macroeconomics

Students whose qualifying degree is in economics may, with the permission of the course director, substitute other units for the two economics units.

(c) Students must complete two units (12 points) from:

(i) Units listed in (a) or (b).

(ii) Second and third-year units available in the Bachelor of Economics degree.

Economics specialisation

(a) Students must complete four core units (24 points):

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.

(b) Students must complete at least two units (12 points) from the following:

(c) Students must complete a further two units (12 points) from:

(i) Units listed in (b) above.

(ii) Third-year 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

(a) Students must complete four core units (24 points):

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.

(b) Students must complete at least three units (18 points) from the following list of which only one of which may be a second-year unit:

  • ECC2500/ECC3500 Imperialism and development in Asia
  • ECC2510/ECC3510 Australian economic history
  • ECC2520/ECC3520 Economic history of Australia in Asian business
  • ECC2550/ECC3550 Business in Asia
  • ECC2560/ECC3560 European economic history since 1945
  • ECC3570 The international economy since 1945

(c) Students must complete a further unit (6 points) from:

(i) Units listed in (b) above.

(ii) Third-year or second-year units taught by the departments of Economics or Econometrics and Business Statistics (Clayton) and available in the Bachelor of Economics degree.

Students who successfully complete the Graduate Diploma in Economic Studies with an average grade of 70% or above may apply for admission to the Postgraduate Diploma in Economics.

Contact details

Course directors

Dr Michael White (economics), Associate Professor Brett Inder (econometrics)

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