0172 - Graduate Diploma in Economic Studies

This course is designed to provide a sound understanding of economic and economic statistics issues and their function in the business world.

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.

The course structure involves a major in either economics or econometrics.

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:

• ECC2410/ETC2410/ETC3440 Introductory econometrics*
• ETC2430 Actuarial statistics
• ECC2440/ETC2440 Mathematics for economics and business
• ETC2450 Applied forecasting for business and economics
• ETC2480 Decision models for managers
• ETC2500 Market research analysis
• ETC2520 Probability and statistical inference for economics and business
• ETC3400 Principles of econometrics*
• ECC3410/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 the above 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 three core units (18 points):

• ECC9000 Microeconomics
• ECC9010 Macroeconomics
• ETX9000 Business and economic statistics

(b.) students must complete three units (18 points) at third-year level from the Department of Economics

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

• both units must be selected from units taught by the Department of Economics, or the Department of Econometrics and Business Statistics
• a maximum of one unit (6 points) at second-year level.

Students who successfully complete the Graduate Diploma in Economic Studies, with a credit average, may be eligible for admission to the Master of Business Economics.

Students wishing to exit the Graduate Diploma in Economic Studies early may apply to graduate with the Graduate Certificate in Business after successful completion of 24 points of study.

Graduate Diploma in Economic Studies