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Monash University

Postgraduate Diploma in Economics and Commerce

Course code: 0171 ~ Course abbreviation: PGradDipEc&Comm ~ Total credit points required: 48 ~ 1 year full-time, 2 years part-time ~ Managing faculty: Business and Economics

Study mode and course location

On-campus (Clayton)

    Course description

This course provides a fourth year of study for students who do not have an honours degree in their chosen field of study.

Course objectives

The learning goals associated with this course are to: extend disciplinary competence and develop an in depth knowledge if a specialist area in business and economics; develop comprehensive skills to plan and undertake rigorous research; develop technical and analytical skills and the ability to effectively communicate research findings; develop research skills and potential in order to articulate to a higher degree by research.

    Course structure

Course requirements

The degree requires completion of 48 points as follows:

Accounting specialisation

(a) Semester 1

(i) two compulsory units (12 points):

(ii) any two units (12 points) from the following:

  • AFX4040 Issues in accounting information systems
  • AFX4050 Issues in auditing and assurance
  • AFX4070 Issues in financial accounting
  • AFX4090 Issues in management accounting,

or any one of the above four units and any one of the following three units:

(b) Semester 2

(i) research dissertation (18 points):

AFX4018 Research dissertation

(ii) one elective unit (6 points) from any honours unit offered by the Faculty of Business and Economics

Students must have their enrolment approved by the head, or nominee of the Department of Accounting and Finance.

Econometrics specialisation

(a) one core unit (6 points):

(b) at least four units (24 points) from the following list:

(c) three honours units (18 points) subject to the following conditions:

  • a maximum of two special honours units from the Department of Econometrics and Business Statistics (that is, a unit for which the first two digits of the code are '43') provided the third year level version of the unit has not been taken in previous years. It is strongly recommended that ETC4340 (Principles of econometrics) be included if the student has not previously passed ETC3400.
  • a maximum of three units from honours units offered by the departments of Accounting and Finance, Business Law and Taxation, Economics, Management, Marketing and Mathematics.
  • a maximum of two units from honours units offered outside the faculty.

Students must have their enrolment approved by the head, or nominee of the Department of Econometrics and Business Statistics.

Economics specialisation

(a) three compulsory units (18 points):

(b) a maximum of five units (30 points) from the following list:

  • ECC4510 Economic history of modern Europe
  • ECC4520 Research essay
  • ECC4530 Economic history
  • ECC4540 History of economy and environment
  • ECC4550 Population and development
  • ECC4670 Economic development theory and policy
  • ECC4690 International trade policy
  • ECC4700 Restrictive trade practices and competition policy
  • ECC4710 Post-Keynesian economics
  • ECC4720 Law and economics
  • ECC4750 Hedging and uncertainty
  • ECC4790 Cost-benefit analysis
  • ECC4800 History of economic doctrine
  • ECC4810 The economics of collective choice
  • ECC4830 Welfare economics
  • ECC4840 Economics of industry, institution and organisation
  • ECC4850 Mathematical economic theory
  • ECC4870 Health economics
  • ECC4990 Economic evaluation of health services
  • ETC4430 Quantitative economic policy

Students can vary this list subject to the following conditions:

  • a maximum of two honours units from the departments of Accounting and Finance, Business Law and Taxation, or Econometrics and Business Statistics. One of these units can be a special honours unit (that is, a unit for which the first two digits of the code are '43') provided the third year level version of the unit has not been taken in previous years.
  • a maximum of one special honours unit from the Department of Economics (that is, a unit for which the first two digits of the code are '43') provided the third-year level version of the unit has not been taken in previous years.
  • a maximum of one honours unit from another faculty where it is complementary to the honours program offered by the Department of Economics.

Students must have their enrolment approved by the head, or nominee of the Department of Economics.

Economics and econometrics specialisation

(a) two core units (12 points):

(b) two units (12 points) from the following list:

(c) three units (18 points) as follows:

(i) one unit from:

(ii) two units from (i) above or from the following list:

  • ECC4690 International trade policy
  • ECC4700 Restrictive trade practices and competition policy
  • ECC4710 Post-Keynesian economics
  • ECC4720 Law and economics
  • ECC4750 Hedging and uncertainty
  • ECC4790 Cost-benefit analysis
  • ECC4800 History of economic doctrine
  • ECC4810 The economics of collective choice
  • ECC4830 Welfare economics
  • ECC4840 Economics of industry, institution and organisation
  • ECC4850 Mathematical economic theory
  • ECC4870 Health economics
  • ECC4990 Economic evaluation of health services

(d) one honours unit (6 points) subject to the following conditions:

  • a special honours unit taught by the Department of Econometrics and Business Statistics or the Department of Economics (that is, a unit for which the first two digits of the code are '43') provided the third year level version of the unit has not been taken in previous years.
  • an honours unit from departments of Accounting and Finance, Business Law and Taxation, Management or Marketing.

Students must have their enrolment approved by the heads, or nominees of the departments of Economics, and Econometrics and Business Statistics.

Finance specialisation

(a) Semester 1

(i) two compulsory units (12 points):

(ii) two of the following units (12 points):

(b) Semester 2

(i) research dissertation (18 points)

(ii) one honours unit (6 points) subject to the following conditions:

  • any honours unit offered by the Faculty of Business and Economics

Students must have their enrolment approved by the head, or nominee of the Department of Accounting and Finance

Finance and econometrics specialisation

(a) Semester 1

(i) two finance units (12 points) from the following:

(ii) two econometric units (12 points) from the following:

(b) Semester 2

(i) research project (12 points)

(ii) one compulsory unit (6 points)

(iii) one honours unit (6 points) subject to the following conditions:

  • any honours unit offered by the Department of Accounting and Finance

Students must have their enrolment approved by the heads, or nominees of the departments of Econometrics and Business Statistics, and Accounting and Finance.

Management specialisation

Five compulsory units (48 points):

  • MGX4000 Introductory management research methods
  • MGX4100 Data analysis for organisational research
  • MGX4200 Perspectives and paradigms in management theory
  • MGX4300 Contemporary issues in management
  • MGX4400 Research thesis (24 points)

Students must have their enrolment approved by the head, or nominees of the Department of Management.

Marketing specialisation

Five compulsory units (48 points):

  • MKX4050 Marketing theory
  • MKX4060 Data marketing research practice
  • MKX4070 Qualitative methods: paradigms and approaches
  • MKX4080 Quantitative research methods in marketing
  • MKX4900 Independent research project (24 points)

Students must have their enrolment approved by the head, or nominees of the Department of Marketing.

Taxation law specialisation

Eight units (48 points) from the following list:

  • BTF4200 Income and deductions
  • BTF4210 Taxation of trusts and partnerships
  • BTF4220 Taxation of companies and shareholders
  • BTF4230 Taxation of capital gains
  • BTF4240 Taxation of employees and contractors
  • BTF4250 Anti-avoidance rules and financial transactions
  • BTF4260 Tax administration and policy
  • BTF4270 Superannuation and retirement benefits
  • BTF4280 Taxation of international transactions
  • BTF4290 GST and other indirect taxes
  • BTF4300 Contemporary issues in taxation
  • BTF4310 Research project
  • Research report of 5000 to 7000 words

    Progression to further studies

Students who successfully complete the Postgraduate Diploma in Economics and Commerce, with an average of 70 per cent or above, may be eligible for admission to the Master of Philosophy.

    Contact details

Faculty Research Office: telephone +61 3 9905 2483; email: research@buseco.monash.edu.au

Course coordinator

Accounting: To be advised: Econometrics: Professor Brett Inder

Economics, Economic history: Dr Daniel Mulino

Management: To be advised