Graduate Diploma in Economic Studies

Course code: 0172 ~ Course abbreviation: GradDipEcSt ~ 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 is designed to provide a sound understanding of economic and economic statistics issues and their function in the business world.

Course objectives

The learning goals associated with this course are to: supplement undergraduate qualifications with a more substantial knowledge of economic principles and quantitative methods; understand the issues underlying major economic policy decisions and the implications of those decisions; apply theoretical training to solve practical problems in a wide range of decision-making environments; develop effective oral, written and interpersonal communication skills; develop the skills, knowledge and motivation necessary for postgraduate study.

Course structure

Course requirements

Econometrics major

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

• ETC2410 Introductory econometrics*
• ETC2430 Actuarial statistics
• ETC2440 Mathematics for economics and business
• ETC2450 Applied forecasting for business and economics
• ETC2480 Decision models for managers
• ETC2490 Business simulation
• ETC2500 Market research analysis
• ETC2520 Probability and statistical inference for economics and business
• ETC3400 Principles of econometrics*
• ETC3410 Applied econometrics
• ETC3450 Time series analysis for business and economics
• ETC3460 Financial econometrics
• ETC3490 Business simulation
• ETC3500 Survey data analysis
• ETC3510 Modelling in finance and insurance

(b) students must complete the following two units (12 points):

• ECC9000 Microeconomics
• ECC9010 Macroeconomics

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

(c) students must also complete two units (12 points) from:

(i) units listed in (a)

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

Economics major

Due to the sequential nature of some core units, and the prerequisite requirements of other units, students with no prior economics or statistics knowledge may need to take more than two semesters to complete this major.

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

• ECC9000 Microeconomics
• ECC9010 Macroeconomics
• ETC9000 Business and economic statistics
• ETC9010 Data modelling and computing

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

• ECC3660 Monetary economics
• ECC3680 Economic growth
• ECC3690 International economics
• ECC3710 Labour economics
• ECC3810 Public finance

(c) students must complete two units (12 points) subject to the following conditions:

• units must be selected from units taught by the Department of Economics, or the Department of Econometrics and Business Statistics
• units listed in (b) above can be selected
• maximum of one unit (6 points) at second-year level
• at least one unit (6 points) must be taught by Department of Economics

Contact details

Clayton faculty office: telephone +61 3 9905 5403; email: enquiries.graduate@buseco.monash.edu.au

Course coordinators

Economics; Dr Daniel Mulino; Econometrics; Associate Professor Brett Inder