The course is designed as an alternate entry point for experienced managers with no formal tertiary qualifications. The broad structured certificate allows students to choose introductory units from a range of business disciplines as preparation for articulation to a masters coursework degree.

The learning goals associated with this course are to:

• develop a fundamental knowledge base from the four selected units that form the course
• gain insight into the principles of business management
• critically analyse and apply theories in the units selected for the course.

Students must complete any four units (24 points) at 9000-level from the Faculty of Business and Economics.

Students intending to articulate to a masters coursework degree should refer to the degree structure of their intended masters program and ensure their selection of units within the executive certificate will facilitate the maximum credit upon articulation.

Students intending to articulate to the Master of Professional Accounting must select four units (24 points) from the following:

• AFX9500 Introductory accounting
• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• AFX9540 Business finance
• ECF9530 Economics

Successful completion of this course permits students to articulate into any coursework masters program offered by the Faculty of Business and Economics

Executive Certificate in Business

The Graduate Certificate in Commercialising Research covers contemporary management and organisational behaviour, intellectual property law, commercialisation of research, project management, market research and accounting issues. The course is designed for those students currently enrolled in a higher degree by research and wanting to better understand the requirements of research commercialisation.

The learning goals associated with this course are to:

• develop an understanding of commercialisation processes and activities commonly employed to bring research based ideas, inventions and innovations to market
• acquire intellectual property management knowledge
• develop a comprehensive understanding of interpersonal skills relevant to research commercialisation activities including leadership, teamwork and presentation skills.

(a.) Students must complete three core units (18 points) as follows:

• BTX9120 Intellectual property laws*
• GSB9100 Research commercialisation planning
• MGX9600 Managing people and organisations

(b.) students must complete one of the following units (6 points):

• AFX9004 New venture finance
• MKX9160 Foundations of marketing
• GSB9004 Accounting for business

* If BTX9120 is not available in a particular semester of study, students may substitute LAW7223 (Overview of intellectual property).

Successful completion of this course permits students to articulate into any coursework masters program offered by the Faculty of Business and Economics.

Graduate Certificate in Commercialising Research

This course is designed to provide those involved in the health care industry with knowledge and skill in the principles of health economics and their application to health care policy and evaluation. The course provides the skills necessary to analyse components of the health system from an economic perspective, including the evaluation of health care programs and interventions, efficiency in service delivery, and the distribution of health outcomes.

The learning goals associated with this course are to:

• apply basic economic concepts and the economic way of thinking to the analysis of the health sector
• demonstrate an economic way of thinking and appreciation of the role of economic incentives in the achievement of health care objectives
• demonstrate an understanding of the role of consumers, funders and providers in the health care sector
• describe the institutional arrangements for the financing and provision of health care services in Australia
• apply economic techniques such as economic evaluation to health intervention
• demonstrate the usefulness of economic analysis in promoting an efficient and equitable health care system
• demonstrate an understanding of the concepts of health outcome measurement and its role in economic evaluation.

(a.) Students must complete three core units (18 points):

• ECX9120 Introduction to microeconomic theory and policy
• ECX9700 Introduction to health economics
• ECX9730 Economic evaluation in health care

(b.) students must complete a further unit (6 points) from the following:

• ECG9102 Introduction to macroeconomic theory and policy
• ECX9720 Introduction to epidemiology and biostatistics
• ECX9741 Applied health economics and health policy

Students who successfully complete the Graduate Certificate in Health Economics, with a credit average or above, may be eligible for admission to the Graduate Diploma in Health Economics and Policy.

Graduate Certificate in Health Economics

This course is designed to provide an understanding of the economics of pharmaceuticals in health care systems. The course provides the skills necessary to apply economic analysis to the broad issues of industry development as well as the specific skills to:

• prepare a cost-effectiveness analysis of a drug
• apply economic modelling to support the inclusion or exclusion of a drug on a national or hospital formulary
• design a clinical trial to evaluate the efficacy and cost-effectiveness of drugs
• apply methods of evaluating health and non-health outcomes of drug use.

The learning goals associated with this course are to:

• describe the institutional arrangements for the financing and provision of pharmaceutical products in Australia
• apply economic concepts and techniques such as economic evaluation in the evaluation of pharmaceuticals
• apply the theory and techniques of economic evaluation and epidemiology to the design of an economic analysis alongside a clinical trial of a drug
• develop an understanding of the concepts of health outcome measurement and its role in economic evaluation
• apply the theory of decision analysis, Monte Carlo and Markov modelling to the evaluation of pharmaceuticals
• relate the economic and social influences on global drug development and marketing including research and development, the role of patents, and the structure of the pharmaceutical industry.

Students must complete four core units (24 points):

• ECX9120 Introduction to microeconomic theory and policy
• ECX9700 Introduction to health economics
• ECX9710 Pharmaceutical economics
• ECX9720 Introduction to epidemiology and biostatistics

Students who successfully complete the Graduate Certificate in Pharmacoeconomics, with a credit average or above, may be eligible for admission to the Graduate Diploma in Health Economics and Policy.

Graduate Certificate of Pharmacoeconomics

This course is designed for students with a degree in a field other than accounting who wish to obtain a sound introduction to accounting concepts and procedures. It allows students to take a substantial number, but not all, of the units needed to meet the academic requirements for admission as an associate member of both CPA Australia and the National Institute of Accountants and entry to either the CPA Program or the CA program of The Institute of Chartered Accountants in Australia. As such, it suits potential students who already meet some of the requirements of these professional bodies.

The learning goals associated with this course are to:

• progress towards satisfying the educational requirements for associate membership of CPA Australia
• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues; and to work out solutions to real world business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop knowledge of the accounting profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

Students must complete eight units (48 points) from the following list:

• AFX9500 Introductory accounting
• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• AFX9530 Financial accounting
• AFX9540 Business finance
• AFX9550 Management accounting
• AFX9560 Advanced financial accounting
• AFX9570 Auditing and assurance
• BTX9500 Business and corporations law
• BTX9651 Taxation law
• ECF9530 Economics
• GSB9001 Personal development - critical thinking and communication

Students who successfully complete the Graduate Diploma in Accounting may be eligible for admission to the Master of Professional Accounting.

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

Graduate Diploma in Accounting

This course is designed to provide quantitative skills to graduate students in business or other disciplines.

The learning goals associated with this course are to:

• develop the ability to locate, evaluate and reference appropriate data for project requirements
• apply econometric techniques to real world data including basic tools for regression analysis, time series methods and forecasting
• use econometric software to assess the strengths and weaknesses of these techniques
• judge the value of empirical results
• participate effectively as part of a research team
• design and implement an applied econometric project and communicate results to a wider audience.

The course structure has two main components:

• a set of core units in econometrics
• three open electives.

(a.) Students must complete at least two units (12 points) from the following list:

• ETF9121 Data analysis in business
• ETF9200 Econometric analysis in business
• ETF9300 Financial econometrics
• ETF9350 Econometrics for financial markets
• ETF9480 Business modelling
• ETF9700 Mathematics for business
• ETX9000 Business and economic statistics
• ETX9520 Quantitative methods for risk analysis

(b.) students must complete at least three units (18 points) from the following list:

• ETF5000 Special reading unit 1
• ETF5010 Special reading unit 2
• ETF5200 Applied econometrics
• ETF5231 Business forecasting
• ETF5300 Applied financial econometrics
• ETF5480 Optimisation for managers
• ETF5500 Survey data analysis
• ETF5600 Quantitative models for business research

(c.) students must complete a further three graduate units (18 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties .

Students who successfully complete the Graduate Diploma in Applied Econometrics may be eligible for admission to the Master of Applied Econometrics.

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

Graduate Diploma in Applied Econometrics

This course offers specialised studies in banking and finance. This program has been designed to provide students with the conceptual and managerial decision-making skills necessary for effective management in the continuously changing domestic and international financial market environment.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues; and to work out solutions to real world business cases and problems;
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations;
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds;
• develop knowledge of, and opportunities for membership progression in, the financial services and/or accounting professions and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

(a) Students must complete four units (24 points) from the following list:

• AFF9020 Introduction to risk principles
• AFF9140 Bank lending
• AFF9150 Options futures and risk management
• AFF9160 International banking and finance
• AFF9250 Financial management theory
• AFF9260 Australian capital markets
• AFF9350 Portfolio management and theory
• AFF9770 Risk financing and treasury management
• BTX9380 Banking law and practice
• ETX9520 Quantitative methods for risk analysis
• GSB9001 Personal development - critical thinking and communication
• MKF9790 Banking and financial services marketing

(b) students must complete four graduate level units (24 points) offered by any department within the Faculty of Business and Economics.

Graduate Diploma in Banking and Finance

The Business Management Program is designed for graduates who seek a postgraduate program, which focuses on the application of theory into business contexts relevant to practicing professionals. The course covers contemporary issues relevant to practitioners operating in a local, national or international organisational environment.

The learning goals associated with this course are to:

• provide appropriate management expertise to develop commitment and proficiency in the use of strategic and dynamic approaches to modern management
• link management activities to high quality customer focused outcomes
• demonstrate the importance of effective strategic, human resource, management processes
• provide a broad understanding of current management theory and change issues in an uncertain business environment
• foster the skills to enable participants to successfully continue in their managerial careers or to articulate into higher degree studies.

The course structure has two main components:

• a set of core units in business
• four open electives.

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

• MGG5352 Management processes and systems
• MGG9370 Management theory and practice
• MGG9371 Strategic management
• MGX9850 Human resource management

(b.) students must complete a further four graduate units (24 points) from any department of the faculty or from any faculty of the University.

Suggested relevant units that can be chosen as electives are:

• AFG9070 Financial management
• BTG9270 Business law
• MGG5810 Cultural values and management practices
• MGG5820 Management development for global business
• MGX5461 Contemporary issues in globalisation
• MGX5551 Strategic human resource management
• MGX5560 Case studies in services management
• MGX9220 Industrial and workplace relations
• MGX9600 Managing people and organisations
• MGX9720 Managing organisational change

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students who successfully complete the Graduate Diploma of Business (Management) may be eligible for admission to the Master of Business Management.

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

Graduate Diploma of Business (Management)

This course provides formal academic study across a range of disciplines relevant to the needs of organisations operating in the global environment. It provides high-level training in the fields of international business, diplomacy, economics, law and contemporary politics. The course is aimed at individuals who presently work, or who hope to work, in both the public and private sectors and who wish to increase their understanding of the international environment in which they operate. It is designed for individuals working in the government sector engaged in the implementation and provision of policy advice in the areas of foreign affairs, trade and business-related issues. In the private domain, the course is designed for individuals who are operating, or looking to work, in an international capacity in both the corporate or not-for-profit sector.

The learning goals associated with this course are to:

• acquire professional skills in the formulation and analysis of foreign and trade policy
• develop critical and analytical skills appropriate to the field of international public policy
• develop the capacity to evaluate key trends in foreign and trade policy;
• acquire a detailed understanding of the modern international system.

The course structure has two main components:

• a set of core units in diplomacy and trade
• four open electives.

(a.) Students must complete four units (24 points) from the following list:

• BTX5130 International law and policy
• ECF9210 Introduction to international economics
• MGX5710 The contemporary world
• MGX5730 International trade policy
• MGX5760 International institutions and organisations
• MGX9110 Diplomacy and statecraft

(b.) students must complete a further four graduate units (24 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students who successfully complete the Graduate Diploma in Diplomacy and Trade may be eligible for admission to the Master of Diplomacy and Trade.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html.

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

Graduate Diploma in Diplomacy and Trade

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

This course is designed for health professionals and health policy makers wishing to further their knowledge and/or extend their formal qualifications in health economics.

The learning goals associated with this course are to:

• acquire a rigorous and theoretical grounding in the disciplines of economics, health economics, and health policy and apply these to the analysis of health care policy and institutions
• demonstrate analytical skills in economics and an appreciation of the role of incentives in the achievement of health care objectives
• demonstrate technical skills in economic evaluation to promote an efficient and equitable health care system
• analyse the role of consumers, funders and providers in the health care sector
• examine health care institutions and the role of government from an economic perspective
• analyse health policy with respect to distributional and equity objectives.

The course structure has two main components:

• a set of core units in health economics and policy
• three open electives

(a.) Students must complete five units (30 points) as follows:

(i.) the following four units (24 points):

• ECG9102 Introductory macroeconomic theory and policy
• ECX9120 Introductory microeconomic theory and policy
• ECX9700 Introduction to health economics
• ECX9741 Applied health economics and health policy

(ii.) one of the following units (6 points):

• ECX9710 Pharmaceutical economics
• ECX9730 Economic evaluation in health care

(b.) students must complete three units (18 points) from the following list:

• ECG9170 Issues in labour economics
• ECX9720 Introduction to epidemiology and biostatistics
• ECX9750 Principles of health economics for developing countries
• MGX9230 Public policy
• MPH1040 Introductory epidemiology
• MPH1041 Introductory biostatistics
• MPH2042 Organisations and health
• MPH2065 Law for health systems
• MPH2067 Principles of health care quality improvement
• MPH2068 Financial issues in health care management
• MPH2069 Health systems policy
• MPH2072 Reform and development of health services
• MPH2074 Introduction to clinical research methods
• MPH2083 Ethics, good research practice and practical research methods

Note: This is not an exclusive list of possible electives. Students may contact the course coordinator to seek permission to include other elective units in their study program. It is also recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students who successfully complete the Graduate Diploma in Health Economics and Policy may be eligible for admission to the Master of Business degree.

Students wishing to exit the Graduate Diploma in Health Economics and Policy early may apply to graduate with the Graduate Certificate in Business after successful completion of 24 points of study.

Graduate Diploma in Health Economics and Policy

This course is designed for people who are working or intend to work in any area of management, with a particular interest in human resources. It covers the compulsory knowledge base of essential human resource management units and integrates theoretical concepts, research and examples of human resource management in practice. It also emphasises the strategic role of human resources and their contribution to organisational performance and examines key elements of human resource management.

The learning goals associated with this course are to:

• develop a specialised knowledge base in the area of human resource management (HRM)
• evaluate the strategic and functional roles of the HR professional
• review the specific challenges for HR professionals in the context of broader management theory and practice
• review the links between industrial and / or employee relations and HRM
• critically analyse and apply HRM theory and empirical research.

The course structure has two main components:

• a set of core units in human resource management
• four open electives

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

(i.) one of the following units (6 points):

• MGX5610 Work and employment relations in a global context
• MGX9220 Work and employment relations

(ii.) the following three units (18 points):

• MGX5551 Strategic human resource management
• MGX9600 Managing people and organisations
• MGX9850 Human resource management

(b.) students must complete a further four graduate units (24 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students who successfully complete the Graduate Diploma in Human Resource Management may be eligible for admission to the Master of Human Resource Management.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

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

Graduate Diploma in Human Resource Management

This course offers students from varied backgrounds the opportunity to undertake a comprehensive, multidisciplinary preparation for management roles in corporations, inter-governmental organisations and non-profit agencies. It provides a sound general knowledge of the international business environment and applies management theory and practice for the development of managerial competencies in a cross-cultural context.

The learning goals associated with this course are to:

• develop the ability to analyse the cultural, economic, political and legal dimensions of the international business environment
• examine the relationship between the international business environment and the strategies of multinational corporations and other internationalised organisations
• acquire the skills to communicate and negotiate across business cultures
• apply theoretical knowledge on the international business environment and multinational strategy to the real world analysis
• develop competencies in international management.

The course structure has two main components:

• a set of core units in international business
• four open electives.

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

• BTX9190 International trade law
• ECF9210 Introduction to international economics
• MKX9550 Marketing and the international consumer
• MGX9660 International business theory and practice

(b.) students must complete a further four graduate units (24 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students who successfully complete the Graduate Diploma in International Business may be eligible for admission to the Master of International Business.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

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

Graduate Diploma in International Business

This course has been especially designed to provide business personnel with an in-depth understanding of current management theory and practices, and to develop the skills and abilities required to lead and manage organisations in unpredictable and rapidly changing environments. A major feature of the course is the application of theoretical concepts and models to organisational realities. At one level, the course focuses on the strategic organisational issues of complexity, change, learning and strategy to enable active adaptation in dynamic environments. On another level, it adopts a micro perspective and explores the importance of learning and self-management, specific managerial competencies, leadership and stakeholder relationships. There is particular emphasis on the manager as change facilitator. Students are encouraged to recognise the importance of effective change management and to demonstrate an understanding of various change models and frameworks, their relevant foundations, strengths and weaknesses, and to apply these to real-life situations.

The learning goals associated with this course are to:

• develop an in-depth knowledge of current management theory and practices
• apply theoretical concepts and models to organisational realities
• examine organisational adaptation from the perspective of strategy, change and learning
• develop the skills and abilities required to manage organisations in unpredictable and rapidly changing environments
• develop skills in self-analysis, learning and self-management.

The course structure has two main components:

• a set of core units in management
• four open electives.

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

• MGX9600 Managing people and organisations
• MGX9720 Managing organisational change
• MGX9761 Strategic management
• MGX5870 Organisational and business dynamics

(b.) students must complete a further four graduate units (24 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students who successfully complete the Graduate Diploma in Management may be eligible for admission into the Master of Management.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

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

Graduate Diploma in Management

This course is designed for graduates, in Australia and internationally, who wish to contribute to valued outcomes in the government and community sectors. Participants may work in the public, not-for-profit, local government, private or other sectors. The course focuses on understanding changing expectations about government, changing modes of delivering public services and the changing skills needed by effective leaders and managers.

The learning goals associated with this course are to:

• develop the ability to analyse public policy, governance and public management issues in the modern context
• examine the relationship between the public, non-profit/community and corporate sectors
• acquire the skills to communicate across the government, non-profit and corporate sectors
• apply theoretical knowledge on public policy, governance and public management to real world strategies in government agencies
• develop broad competencies in public sector management and leadership.

The course structure has two main components:

• a set of core units in public policy and management
• four open electives.

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

• MGX5300 Governance
• MGX5370 Policy analysis
• MGX9230 Public policy
• MGX9270 Public management

(b.) students must complete a further four graduate units (24 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students who successfully complete the Graduate Diploma in Public Policy and Management may be eligible for admission to the Masters of Public Policy and Management.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Graduate Diploma in Public Policy and Management early may apply to graduate with the Graduate Certificate in Business after successful completion of 24 points of study.

Graduate Diploma in Public Policy and Management

This course equips graduates with the knowledge, capabilities and practitioner skills associated with the practice of industrial relations and employment relations in a wide range of professional and managerial roles. It focuses on workplace labour management practice and policy in a dynamic and internationalised context, while making the necessary connections with the broader institutional and regulatory framework. It is ideally suited for industrial relations and human resources practitioners, and for general managers with responsibility for managing people.

The learning goals associated with this course are to:

• analyse the dynamic industrial relations environment faced by contemporary business and work organisations
• understand the practical impacts of these dynamic changes for workplace industrial relations strategies
• develop work and employment relations strategies that contribute to business performance and effectiveness
• develop core capabilities associated with the management of work and employment relations, including negotiation, problem solving and conflict management.

The course structure has two main components:

• a set of core units in work and employment relations
• four open electives.

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

• BTX5080 Workplace negotiations
• BTX9070 Labour relations law
• MGX5620 Pay, participation and performance
• MGX9220 Work and employment relations

(b.) students must complete a further four graduate units (24 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students who successfully complete the Graduate Diploma in Work and Employment Relations may be eligible for admission to the Master of Work and Employment Relations.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Graduate Diploma in Work and Employment Relations early may apply to graduate with the Graduate Certificate in Business after successful completion of 24 points of study.

Graduate Diploma in Work and Employment Relations

The Postgraduate Diploma in Business and Commerce is structured to provide students with a number of key skills that are highly valued within industry and academia. The course is a research preliminary qualification. It provides a year of study for students who wish to undertake a higher degree by research, but do not meet the admission requirements.

The learning goals associated with this course are to:

• develop critical thinking, time management and communication skills
• develop project management skills
• develop critical thinking and research skills.

The course structure has two main components:

• a set of core units in research methodology
• directed studies.

(a.) Students must complete three core units (36 points):

• BEW4000 Research methods 1 (6 points)
• BEW4010 Research methods 2 (6 points)
• BEW4100 Research project and report (24 points)

(b.) students must complete two units (12 points):

• BEW4020 Directed studies 1
• BEW4030 Directed studies 2

With the approval of the course coordinator, one or both of the directed studies units may be replaced by approved honours units where these are available.

Students who successfully complete the Postgraduate Diploma in Business and Commerce may be eligible for admission to the Master of Philosophy.

Postgraduate Diploma in Business and Commerce

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

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.

The course structure has three main components:

• studies in research methods
• honours units from the student's area of specialisation (economics, econometrics, economics and econometrics, management, marketing)
• a research report.

The degree requires completion of 48 points as follows:

Accounting specialisation

(a.) Semester 1

(i.) Two compulsory units (12 points):

• AFX4000 Research methods
• AFX4010 Research proposal

(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:

• AFX4030 Advanced modelling in finance
• AFX4060 Issues in corporate finance
• AFX4080 Issues in banking

(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 (12 points):

• ETC4860 Research paper

(b.) at least three units (18 points) from the following list:

• ETC4010 Reading unit
• ETC4400 Econometric theory
• ETC4410 Applied econometrics 2
• ETC4420 Microeconometrics
• ETC4430 Quantitative economic policy
• ETC4460 Financial econometrics 2
• ETC4480 Optimisation for management
• ETC4541 Special topics in econometrics

(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 Department of Economics or the School of Mathematical Sciences
• a maximum of two units from honours units offered by other Departments in the Faculty or University.

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 (24 points):

• ECC4650 Microeconomics
• ECC4660 Macroeconomics
• ECC4860 Research paper (12 points)

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

• ECC4670 Development economics
• ECC4690 International trade policy
• ECC4700 Competition, regulation and policy
• ECC4710 Post-Keynesian economics
• ECC4720 Law and economics
• ECC4790 Project evaluation
• ECC4810 Public economics
• 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.) One core unit (12 points):

• ECC4860/ ETC4860 Research paper

(b.) at least three units (18 points) from the following list:

• ECC4650 Microeconomics
• ECC4660 Macroeconomics
• ETC4410 Applied econometrics 2
• ETC4420 Microeconometrics

(c.) a further three units (18 points) from the following list:

• ECC4690 International trade policy
• ECC4700 Competition, regulation and policy
• ECC4710 Post-Keynesian economics
• ECC4720 Law and economics
• ECC4750 Financial economics
• ECC4790 Project evaluation
• ECC4810 Public economics
• ECC4830 Welfare economics
• ECC4840 Economics of industry, institution and organisation
• ECC4850 Mathematical economic theory
• ECC4870 Health economics
• ECC4990 Economic evaluation of health services
• ETC4400 Econometric theory
• ETC4430 Quantitative economic policy
• ETC4460 Financial econometrics 2
• ETC4480 Optimisation for management
• ETC4541 Special topics in econometrics

Additional requirements:

• students must complete at least three ECC units and two ETC units from sections (b) and (c)
• students can select one 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.

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):

• AFX4000 Research methods
• AFX4010 Research proposal

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

• AFX4030 Advanced modelling in finance
• AFX4060 Issues in corporate finance
• AFX4080 Issues in banking

(b.) Semester 2

(i.) research dissertation (18 points)

• AFX4018 Research dissertation

(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:

• AFX4030 Advanced modelling in finance
• AFX4060 Issues in corporate finance
• AFX4080 Issues in banking

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

• ETC4400 Econometric theory
• ETC4410 Applied econometrics 2
• ETC4420 Microeconometrics

(b.) Semester 2

(i.) research project (12 points)

• AFX4012 Research project

(ii.) one compulsory unit (6 points)

• ETC4460 Financial econometrics 2

(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 Perspectives and paradigms in management theory
• MGX4200 Data analysis for organisational research
• 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 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 Workplace taxation
• BTF4250 Business tax planning
• BTF4260 Tax administration and policy
• BTF4270 Superannuation and retirement benefits
• BTF4280 Taxation of international transactions
• BTF4290 Business transactions taxes
• BTF4310 Research project

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.

Postgraduate Diploma in Economics and Commerce

This course is designed to provide students who already possess a basic degree in economics with the skills necessary to pursue a future career as academic or policy-oriented economists, as administrators in the health sector or as health-care evaluators. It introduces economists to the basic concepts of epidemiology and bioethics and trains participants in research methods by having them undertake a project during their placement at an approved institution.

A three-month industry-based learning component must be conducted at an institution acceptable to the course coordinator. During the industry-based learning component the student is expected to complete an applied project under the direction of a supervisor.

The learning goals associated with this course are to:

• demonstrate a rigorous theoretical analysis using the disciplines of economics, health economics and health policy to the analysis of health care policy and institutions
• demonstrate analytical skills in economics in an examination of the role of incentives in the achievement of health care objectives
• apply technical skills in economic evaluation to the performance of a sophisticated economic evaluation of a health intervention
• apply their training from the course in an institutional setting through a supervised work placement.

The course structure has two main components:

• a set of core units in health economics
• a three-month placement unit (normally undertaken during the summer semester).

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

• ECC4870 Health economics
• ECC4990 Economic evaluation of health services
• ECX5465 Microeconomics
• MPH1040 Introductory epidemiology

(b.) students must complete three units (18 points) from the following list:

• CHB5102 Questions of life and death
• CHB5203 Ethical issues in patient care
• ECC4720 Law and economics
• ECC4810 Public economics
• ECC4830 Welfare economics
• ECX4000 Reading unit in applied health economics
• ECX5466 Macroeconomics
• ECX5470 Competition, regulation and policy
• ECX5479 Project evaluation
• ECX5484 Industrial organisation
• ETC4410 Applied econometrics
• ETC5420 Microeconometrics
• ETX5443 Quantitative economic policy

(c.) students must complete one industry-based learning unit (6 points):

• ECC5710 Health industry-based learning

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

Postgraduate Diploma in Health Economics and Evaluation

This course provides the quantitative skills and expertise required to carry out regression analysis, forecasting and financial market analysis. Students acquire the skills to take responsibility for designing and implementing applied econometric projects and the ability to communicate the results to wider audiences. These skills are extremely attractive to the business and finance community.

The learning goals associated with this course are to:

• understand regression analysis, forecasting, time series analysis and practical and theoretical econometrics
• develop skills in analysing data and drawing conclusions about the future of public or private institutions
• develop the capacity to assess strength and weaknesses of econometric techniques and their role in applied econometric analysis
• develop skills and attitudes to take responsibility for designing and implementing applied econometric projects, participating effectively in a team and communicating the outcome to wider audiences
• extend skills to undertake an independent major research project that contributes to the knowledge of the subject, developing communication skills through an oral presentation about the research and write-up of the results, and providing a base to undertake higher degree research programs.

The course structure has two main components:

• a set of core units in econometrics
• a research component.

(a.) Students must complete six units (36 points) from the following list:

• ETC5351 Modelling in finance and insurance
• ETC5420 Microeconometrics
• ETC5460 Financial econometrics 2
• ETF5000 Special reading unit 1
• ETF5010 Special reading unit 2
• ETF5200 Applied econometrics
• ETF5231 Business forecasting
• ETF5300 Applied financial econometrics
• ETF5400 Special topics in econometrics 1
• ETF5410 Special topics in econometrics 2
• ETF5480 Optimisation for managers
• ETF5500 Survey data analysis
• ETF5600 Quantitative models for business research
• ETF9121 Data analysis in business
• ETF9200 Econometric analysis in business
• ETF9300 Financial econometrics
• ETF9350 Econometrics for financial markets
• ETF9480 Business modelling
• ETF9700 Mathematics for business
• ETX5440 Econometric theory
• ETX5443 Quantitative economic policy
• ETX9344 Introductory econometrics
• ETX9520 Quantitative methods for risk analysis

(b.) Students must complete one of the following options (36 points):

Option 1

(i.) ETF5555 Minor thesis (24 points)

(ii.) two elective units (12 points) at graduate-level, subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

Option 2

(i.) ETF5550 Research project (12 points)

(ii.) four elective units (24 points) at graduate-level subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

The Master of Applied Econometrics may provide an articulation pathway into a higher degree by research program.

Students wishing to exit the Master of Applied Econometrics early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Applied Econometrics after successful completion of 48 points of study.

Master of Applied Econometrics

The course has been designed for graduates with a finance major seeking to gain a formal qualification in applied finance. The course aims to provide graduates with theoretical constructs and their applications for their work as finance professionals in the financial services industry and other business sectors.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues, and to work out solutions to real world business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop advanced knowledge of the financial services profession and the need to pursue life-long learning to be an effective leader and to provide service to local, national and international communities.

This course comprises three compulsory units and five electives.

(a.) Students must complete three compulsory units (18 points):

• AFF5230 Financial markets and long-term funding
• AFF5250 Corporate treasury management
• AFF5270 Funds management

(b.) students must complete three further units (18 points) from the following list:

• AFF5040 Advanced investments
• AFF5050 Advanced international banking
• AFF5130 Financial statement analysis and business valuation
• AFF5260 Money market dealing
• AFF5280 Institutional asset and liability management
• AFF5380 Credit risk modelling
• AFF5390 Advanced financial planning
• AFX5860 International studies in banking and finance

(c.) Students must complete one of the following units (6 points):

• GSB9001 Personal development - critical thinking and communication
• GSB9002 Personal development - managing self and relationships
• GSB9003 Personal development - professional advancement

(d.) students must complete one further graduate unit (6 points) offered by any department in the Faculty of Business and Economics.

Upon successful completion of the course graduates will satisfy the educational requirements for membership at the senior associate level of the Financial Services Institute of Australasia and membership of The Finance and Treasury Association Limited at the Certified Finance and Treasury Professional (CFTP) level.

Further details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Applied Finance early may apply to graduate with a Graduate Certificate in Business, after successful completion of 24 points of study.

Master of Applied Finance

This course enables students to gain knowledge and skills which are essential attributes for accounting graduates and finance professionals. The course aims to provide graduates with theoretical constructs and their applications for their work as finance and accounting professionals.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues, and to work out solutions to simulated business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to make high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop advanced knowledge of the financial services and accounting profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

This course comprises eight compulsory units and eight electives.

(a.) Students must complete eight compulsory units (48 points):

• AFF5100 Advanced strategic management accounting
• AFF5130 Financial statement analysis and business valuation
• AFF5150 Financial reporting issues
• AFF5230 Financial markets and long-term funding
• AFF5250 Corporate treasury management
• AFF5270 Funds management
• AFX5120 Assurance, governance and fraud
• AFX5330 Integrated systems for business enterprises

(b.) Students must complete three units (18 points) from the following list:

• AFF5040 Advanced investments
• AFF5050 Advanced international banking
• AFF5260 Money market dealing
• AFF5280 Institutional asset and liability management
• AFF5380 Credit risk modelling
• AFF5390 Advanced financial planning
• AFX5860 International studies in banking and finance

(c.) Students must complete one unit (6 points) from the following list:

• GSB9001 Personal development - critical thinking and communication
• GSB9002 Personal development - managing self and relationships
• GSB9003 Personal development - professional advancement

(d.) Students must complete a further four graduate units (24 points) offered by any department in the Faculty of Business and Economics.

Upon successful completion of the course, graduates will satisfy the educational requirements for membership at the senior associate level of the Financial Services Institute of Australasia and membership of The Finance and Treasury Association Limited at the Certified Finance and Treasury Professional (CFTP) level.

Students wishing to exit the Master of Applied Finance and Master of Business (Accounting) early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Business (Accounting)

Master of Applied Finance

This course provides an innovative and industry focused alternative in postgraduate studies, with a strong emphasis upon personal development, corporate governance and social responsibility. It will suit a wide range of prospective students including candidates without prior studies in business seeking foundation business skills, as well as mid-career professionals seeking to update their knowledge in traditional business disciplines, or to extend their skills as well as specialisation in vital areas of business practice such as business sustainability, information technology and supply chain management. Students can expect to graduate from this program with a distinctive set of personal and technical skills which will enable them to assist businesses confront the increasing social and environmental constraints ahead. It can also provide at research pathway for students interested in higher degrees by research.

The learning goals associated with this course are to:

• provide students with the foundations of contemporary business and expose them to the latest research affecting organisations and society
• develop high level interpersonal and inter- and intra-personal skills
• develop the knowledge and skills to behave ethically and responsibly
• develop the knowledge and skills to contribute to debates on issues pertaining to business and society.

The course structure has three main components:

• a set of core units which provide a foundation in the key areas of personal development and corporate social responsibility
• a set of core business units
• six open electives which may used to complete a specified major, other business studies, or a research component.

The degree requires completion of 12 units (72 points) as follows:

(a.) Three units (18 points) in personal development and corporate social responsibility as follows:

(i.) one of the following units (6 points):

• GSB9001 Personal development - critical thinking and communication
• GSB9002 Personal development - managing self and relationships
• GSB9003 Personal development - professional advancement

(ii.) one of the following units (6 points):

• BTX5000 Corporate governance
• BTX5040 Legal aspects of corporate social responsibility
• MGX5030 Corporate social responsibility

(iii.) one further unit (6 points) from the units in steps (i.) or (ii.) above

(b.) three core business units (18 points) from the following list:

• AFF9020 Introduction to risk principles
• AFF9130 Financial planning
• AFF9250 Financial management theory
• BTX9020 Business law
• BTX9541 Corporations law and trusts
• BTX9651 Taxation law
• ECF9210 Introduction to international economics
• ECF9530 Economics
• ETX9000 Business and economic statistics
• ETF5480 Optimisation for managers
• ETF9121 Data analysis in business
• ETF9480 Business modelling
• GSB9004 Accounting for business
• MGX5020 Business ethics in a global environment
• MGX9600 Managing people and organisations
• MGX9720 Managing organisational change
• MGX9761 Strategic management
• MKX5123 Marketing innovation planning
• MKX5461 Contemporary issues in marketing
• MKX5741 Marketing data analysis
• MKX9160 Foundations of marketing

Not all units are available every year and a list of available units will be provided at the start of each year.

(c.) a further six graduate units (36 points) subject to the following conditions:

• a maximum of two units (12 points) may be taken from areas of study offered by another faculty
• elective units may be used to complete a specified major (36 points) from the list of majors below
• may include the research pathway listed below.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units from sections (b) and (c) form a coherent study program.

Research pathway

Students must complete three units (24 points) as follows:

• MGX5000 Introductory management research methods
• MGX5901 Research report
• MGX5900 Research report (12 points)

Majors

Information technology

Six units (36 points) from the following list

• FIT5092 e-Business
• FIT5094 IT for management decision making
• FIT5101 Enterprise systems
• FIT5102 IT strategy and governance
• FIT5107 Managing business records
• FIT5157 Services science
• FIT9003 Database systems design
• FIT9006 Information technology management

Supply chain

Six units (36 points) from the following list:

• ETX9520 Quantitative methods for risk analysis
• FIT5097 Business intelligence modelling
• FIT5156 Logistics and supply chain management (not available until 2010)
• FIT5157 Services science
• FIT5160 Business process modelling, design and simulation
• MBA9010 Supply chain and operations management
• MKX5611 Advanced supply chain management
• MKX9610 Supply chain logistics
• MKX9620 Fulfilment and order management
• MKX9640 Managing supply chain inventory

Sustainability

Six units (36 points) from the following list:

• BTX5040 Legal aspects of corporate social responsibility
• BTX5100 Corporate environmental responsibility
• ENV5020 Perspectives on environmental sustainability
• ENV5040 Frontiers in sustainability and environment
• ENV537E Corporate sustainability management
• ENV541E Sustainability measurement
• MGX5020 Business ethics in a global environment
• MGX9720 Managing change
• MKF5280 Marketing environmental sustainability

The Master of Business may provide an articulation pathway into a higher degree by research program.

Students wishing to exit the Master of Business early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business after successful completion of 48 points of study.

Master of Business

Master of Business (Sustainability)

Master of Business (Information Technology Management)

Master of Business (Supply Chain)

* Where more than one award is listed, or in the case of double degrees, where more than one award is listed for one or both components of the double degree, the actual award/s conferred may depend on units/majors/streams/specialisations studied, the level of academic merit achieved (eg in the case of 'with honours' programs), or other factors relevant to the individual student's program of study.

The double degree is intended to provide students the opportunity to gain knowledge and skills in accounting, to specialise in a second area of business of specific interest to them while also gaining an understanding of the broad range of contemporary business topics and their relevance to the business environment. Students also have the opportunity to participate in a unique suite of units that build skills and knowledge in personal development and corporate social responsibility, to increase their employment opportunities in public practice and industry.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues; and to work out solutions to simulated business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to make high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop the knowledge of the accounting profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities
• develop an understanding of contemporary issues within the various disciplines of local and global business
• attain knowledge and skills associated with understanding and applying business theory, concepts and practice locally, regionally, internationally and globally.

This course comprises six compulsory units and 10 electives.

(a.) Students must complete three units (18 points) in personal development and corporate social responsibility as follows:

(i.) one of the following units (6 points):

• GSB9001 Personal development - critical thinking and communication
• GSB9002 Personal development - managing self and relationships
• GSB9003 Personal development - professional advancement

(ii.) one of the following units (6 points):

• BTX5000 Corporate governance
• BTX5040 Legal aspects of corporate social responsibility
• MGX5030 Corporate social responsibility

(iii.) one further unit (6 points) from the units in (i.) or (ii.)

(b.) Students must complete the following six compulsory units (36 points):

• AFX9500 Introductory accounting
• AFX9530 Financial accounting
• AFX9540 Business finance
• AFX9550 Management accounting
• AFX9560 Advanced financial accounting
• BTX9500 Business and corporations law

(c.) Students must complete a further seven elective units (42 points) as follows:

(i.) at least three of the following units (18 points):

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• AFX9570 Auditing and assurance
• BTX9651 Taxation law
• ECF9530 Economics

(ii.) a further four graduate units (24 points) from the Faculty of Business and Economics subject to the following condition:

• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete the units MGX5000, MGX5901 and MGX5900 as part of their elective component.

Students seeking associate membership of CPA Australia upon graduation must include the following units under requirement (c) in the course requirements section:

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• ECF9530 Economics

Students seeking admission to the Chartered Accountants Program upon graduation must include the following units under requirement (c) in the course requirements section:

• AFX9570 Auditing and assurance
• BTX9651 Taxation law

Upon successful completion of the course graduates will satisfy the educational requirements for admission as an associate member of CPA Australia and the National Institute of Accountants, and entry to the CPA program of CPA Australia and the Chartered Accountants Program of The Institute of Chartered Accountants in Australia.

Students wishing to exit the Master of Business and Master of Professional Accounting early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Business

Master of Professional Accounting

This course enables students to gain knowledge and skills which are essential attributes for accounting graduates.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues; and to work out solutions to real world business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop advanced knowledge and skills required of accounting specialists and the need to pursue life-long learning to be an effective leader and to provide service to local, national and international communities.

This course comprises five compulsory units and seven electives.

(a.) Students must complete five units (30 points):

• AFF5100 Advanced strategic management accounting
• AFX5120 Assurance, governance and fraud
• AFF5130 Financial statement analysis and business valuation
• AFF5150 Financial reporting issues
• AFX5330 Integrated systems for business enterprises

(b.) Students must complete one unit (6 points) from the following list:

• GSB9001 Personal development - critical thinking and communication
• GSB9002 Personal development - managing self and relationships
• GSB9003 Personal development - professional advancement

(c.) Students must complete a further six graduate units (36 points) offered by any department in the Faculty of Business and Economics.

Further details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Business(Accounting) early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business after successful completion of 48 points of study

Master of Business (Accounting)

The course is designed to extend graduates knowledge and analytical skills in the areas of accounting and business law as well as to develop independence and life-long learning skills related to interpersonal behaviour; written and oral communication; capacity for inquiry and research; critical thought and analysis; problem solving; teamwork; literacy and numeracy; and effective use of technology.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues; and to work out solutions to simulated business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to make high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop knowledge of the accounting and law professions and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities
• provide theoretical and practical knowledge in business law
• develop an understanding of, and an ability to, analyse a wide range of legal problems arising in business practice
• develop skills in interpersonal communication, negotiation, ethical decision-making and analysis with special attention to the development of these skills in the related business law and accountancy contexts
• provide a course of direct relevance to those involved as legal or professional advisers or in the private, commercial or government sectors
• enable students to gain an awareness of cross disciplinary issues as they relate to accountancy and law.

This course comprises six compulsory units and 10 electives.

(a.) Students must complete six compulsory units (36 points):

• AFF5100 Advanced strategic management accounting
• AFF5130 Financial statement analysis and business valuation
• AFF5150 Financial reporting issues
• AFX5120 Assurance, governance and fraud
• AFX5330 Integrated systems for business enterprises
• BTX9020 Business law

(b.) students must complete five units (30 points) chosen from the following list, of which a minimum of four must be at 5000-level:

• BTX5000 Corporate governance
• BTX5020 Intellectual property laws
• BTX5030 Comparative corporate law
• BTX5031 Insurance Law
• BTX5040 Legal aspects of corporate social responsibility
• BTX5050 Asian business law
• BTX5060 The law of employment
• BTX5070 Labour relations law
• BTX5080 Workplace negotiations
• BTX5100 Corporate environmental responsibility
• BTX5121 Information technology law
• BTX5130 International law and policy
• BTX5131 Advanced banking law
• BTX5180 Financial services regulation
• BTX5190 International trade law
• BTX5841 Human resources management law
• BTX9541 Corporations law and trusts
• BTX9651 Taxation law
• BTX9760 Risk control and the law

(c.) students must complete one unit (6 points) from the following list:

• GSB9001 Personal development - critical thinking and communication
• GSB9002 Personal development - managing self and relationships
• GSB9003 Personal development - professional advancement

(d.) students must complete a further four graduate units (24 points) offered by any department in the Faculty of Business and Economics.

Students wishing to exit the Master of Business (Accounting) and Master of Business Law early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business after successful completion of 48 points of study
• Either of the single masters degrees subject to satisfying the requirements of the single degree

Master of Business (Accounting)

Master of Business Law

The course enables students to gain knowledge and skills which are essential attributes of graduates employed in the financial services industry.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues; and to work out solutions to real world business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop knowledge and skills in banking and finance, and opportunities for membership progression in relevant financial services professions and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

This course comprises six compulsory units and six electives.

(a.) Students must complete six compulsory units (36 points):

• AFF9130 Financial planning
• AFF9150 Options, futures and risk management
• AFF9250 Financial management theory
• AFF9260 Australian capital markets
• AFF9350 Portfolio management and theory
• GSB9001 Personal development - critical thinking and communication

(b.) students must complete a further six graduate units (36 points) offered by any department within the Faculty of Business and Economics.

Students who successfully complete the Master of Business (Banking and Finance), with at least a credit average, may be eligible for admission to the Master of Applied Finance.

Upon successful completion of the course graduates will satisfy the educational requirements for senior associate membership of the Financial Services Institute of Australasia and membership of The Finance and Treasury Association at the Certified Finance and Treasury Professional (CFTP) level.

Further details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Business (Banking and Finance) early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Banking and Finance after successful completion of 48 points of study

Master of Business (Banking and Finance)

The key element of this course is that it is specifically developed to assist students in the management and commercialisation of leading edge medical/scientific or technology projects.

The course comprises units from the Faculty of Law and the Faculty of Business and Economics, and introduces students to the concepts of business, commercialisation planning, intellectual property and patents, marketing, innovation, law, economics, contemporary management and organisational issues.

These units are designed to challenge, stimulate and develop professional management performance by applying a broad combination of theoretical and practical approaches to the management of complex organisations.

The learning goals associated with this course are to:

• develop a range of essential business skills to assist in the commercialisation of scientific and technical research
• develop the skills to plan, implement and manage these projects.

Students must complete 10 core units (72 points):

• AFX9004 New venture finance
• BTX9020 Business law
• ECF9530 Economics
• GSB9004 Accounting for business
• GSB5011 Pathways from science to wealth (12 points)
• GSB5000 Commercialisation project (12 points)
• LAW7433 Patenting for commercialisation
• MGX9600 Managing people and organisations
• MKX5123 Marketing innovation planning
• MKX9160 Foundations of marketing

Students wishing to exit the Master of Business (Science and Technology) early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study.

Master of Business (Science and Technology)

This course is designed to develop knowledge and skills across a range of business disciplines to provide aspiring managers with the abilities to effectively manage or participate in the management of an organisation. In addition to providing a broad business and management foundation, the Master of Business Administration (MBA) also provides the ability to build up a specialist base within its elective offerings. Students undertake a masters degree with appropriate core skills and then have a wide choice of units to suit their own personal needs.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• further enhance communication, inter-personal, problem solving and critical thinking capabilities.

The course structure has two main components:

• a set of core units in the key areas of business and commerce
• six open electives.

(a.) Students must complete 10 core units (60 points):

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• the elective units may be selected from any departments of the faculty or from other faculties of the University.

The elective units may be from within a field of particular interest to the student to create a professional track in areas as diverse as:

• arts management
• business law
• corporate finance
• design management
• eco-business
• entrepreneurship
• events/sports management
• fund management and treasury
• general management and industrial relations
• global business
• health care management
• health informatics
• human resource management
• information technology
• infrastructure engineering
• international business
• investment advisory
• investment banking
• law practice management
• marketing
• medical practice management
• operations management
• pharmacy management
• public sector management
• risk management
• rural health
• taxation
• technology management
• transport and traffic.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html.

Students wishing to exit the Master of Business Administration early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study

Master of Business Administration

This double-degree course aims to provide a broad-based foundation in business and management while providing existing and aspiring managers with the opportunity of developing specialist knowledge and expertise in business law.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• develop specific knowledge and skills in business law; further enhance communication, inter-personal, problem solving and critical thinking capabilities
• describe theoretical and practical issues in a range of business law areas
• analyse legal problems arising in business practice; develop skills in research, interpersonal communications, negotiation, ethical decision-making and analysis in a business law context
• critically analyse legal issues of current importance to the business sector and formulate a considered view on the basis of sound research skills.

(a.) Students must complete 10 core MBA units (60 points) as follows:

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete six units (36 points) from the Master of Business Law degree from the following list:

• BTX5000 Corporate governance
• BTX5020 Intellectual property laws
• BTX5030 Comparative corporate law
• BTX5031 Insurance law
• BTX5040 Legal aspects of corporate social responsibility
• BTX5050 Asian business law
• BTX5060 The law of employment
• BTX5070 Labour relations law
• BTX5080 Workplace negotiations
• BTX5100 Corporate environmental responsibility
• BTX5121 Information technology law
• BTX5130 International law and policy
• BTX5131 Advanced banking law
• BTX5150 Competition and marketing law
• BTX5180 Financial services regulation
• BTX5190 International trade law
• BTX5841 Human resources management law
• BTX9190 International trade law
• BTX9541 Corporations law and trusts
• BTX9651 Taxation law
• BTX9760 Risk control and the law

(c.) a further four graduate units (24 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties
• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete a minor thesis, equivalent to between one and four elective units.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Business Administration and Master of Business Law early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Business Administration

Master of Business Law

This double-degree course aims to provide a broad-based foundation in business and management while providing existing and aspiring managers with the opportunity of developing specialist knowledge and expertise in human resource management, with an emphasis on strategic management.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• develop specific knowledge and skills in human resource management; further enhance communication, inter-personal, problem solving and critical thinking capabilities
• analyse and evaluate the strategic contribution that can be made by human resource management (HRM)
• develop specialist knowledge and expertise in HRM responsibilities
• review and analyse contemporary HRM issues and the design of related HR policy and practice
• examine the interplay between HRM and related specialist areas such as industrial, workplace and employee relations, organisational and change management and leadership
• critically analyse and apply HRM theory and empirical research.

(a.) Students must complete 10 core MBA units (60 points) as follows:

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work*
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete 6 units (36 points) from the Master of Human Resource Management degree as follows:

(i.) five core units (30 points):

• MGX5261 Human resource management issues
• MGX5551 Strategic human resource management
• MGX5631 International human resource management
• MGX9600 Managing people and organisations*
• MGX9850 Human resource management

(ii.) one of the following units (6 points):

• MGX5610 Work and employment relations in global context
• MGX9220 Work and employment relations

(c.) a further four graduate units (24 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties
• students seeking AHRI accreditation should include MGX5670 (Leadership), and MGX9720 (Managing organisational change) as elective units
• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete the units MGX5000, MGX5901 and MGX5900 as part of their elective component.

* Students are permitted to enrol in either MBA9008 (Managing and leading people at work) or MGX9600 (Managing people and organisations) but not both. If MGX9600 is completed, to complete section (a) of the course requirements, students are required to complete the remaining nine MBA core units plus a further elective unit selected from MBA-coded units. If MBA9008 is completed, to complete section (b) of the course requirements, students are required to complete the five remaining MGX core units plus a further elective unit selected from MGX-coded units.

This degree with relevant units is recognised by the Australian Human Resources Institute.

Professional recognition may be dependent upon work experience requirements and the correct choice of units.

Students wishing to exit the Master of Business Administration and Master of Human Resource Management early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Business Administration

Master of Human Resource Management

This double-degree course aims to provide a broad-based foundation in business and management while providing existing and aspiring managers with the opportunity of developing specialist knowledge and expertise in marketing, with an emphasis on the management of marketing activities.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• develop specific knowledge and skills in marketing; further enhance communication, inter-personal, problem solving and critical thinking capabilities
• describe and assess contemporary marketing thinking and concepts; analyse the influences on decision-making behaviour
• develop the ability to plan, implement and control marketing strategy in a variety of organisational settings
• formulate appropriate marketing strategies to achieve organisational objectives
• acquire specific theoretical knowledge and applied skills in preparation for continued career advancement.

(a.) Students must complete 10 core MBA units (60 points) as follows:

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete 10 units (60 points) from the Master of Marketing degree as follows:

(i.) five core units (30 points):

• MKF5200 Assessing marketing performance
• MKF9110 Theory and process of buyer behaviour
• MKF9120 Marketing research
• MKX5251 Case studies in strategy
• MKX9261 Integrated marketing communication

(ii.) a further five units (30 points) at 5000-level from the Department of Marketing.

Students wishing to exit the Master of Business Administration and Master of Marketing early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Marketing

Master of Business Administration

This double-degree course aims to provide a broad-based foundation in business and management while providing specialist knowledge and skills in risk management.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• develop specific knowledge and skills in risk management
• further enhance communication, inter-personal, problem solving and critical thinking capabilities
• satisfy the educational requirements for membership of the Risk Management Institution of Australasia Limited
• develop students ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues, and to work out solutions to simulated business cases and problems
• develop students ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop students ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop students knowledge of the risk management profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

The course structure has three main components:

• a set of core MBA units
• a set of core units in risk management
• two electives.

(a.) Students must complete 10 core MBA units (60 points) as follows:

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete the following eight units (48 points) from the Master of Risk Management degree as follows:

• AFF5011 Issues in risk management
• AFF5021 Case studies in risk management
• AFF5031 Principles of risk transfer
• AFF9020 Introduction to risk principles
• AFF9770 Risk financing and treasury management
• BTX5031 Insurance law
• BTX9760 Risk control and the law
• ETX9520 Quantitative methods for risk analysis

(c.) students must complete a further two graduate units (12 points) from any department in the Faculty of Business and Economics.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Business Administration and Master of Risk Management early may apply to graduate with the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• Either of the single masters degrees subject to satisfying the requirements of the single degree

Master of Business Administration

Master of Risk Management

This double-degree course aims to provide a course of direct relevance to those involved in commerce either as legal advisers or in the private, commercial or government sectors and to enhance relevant skills for students seeking placements in legal, commercial and governmental regulatory and compliance positions especially in Australia and Asia.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• develop specific knowledge and skills in commercial law; further enhance communication, inter-personal, problem solving and critical thinking capabilities.

(a.) Students must complete 10 core MBA units (60 points):

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete eight units (48 points) from the Master of Laws units as follows:*

(i.) five units (30 points) must be selected from the specialist commercial law units. The units in the specialisation will be those that are specified from time to time by the Faculty of Law Board on the recommendation of the Postgraduate Studies Committee of the faculty. For further information regarding specialisations visit http://www.law.monash.edu.au/postgraduate/units-overview.html.

(ii.) a further three units (18 points) can be selected from any units offered in the Master of Laws program. Students with a degree in a discipline other than law will be required to complete the unit LAW7212 (Australian legal system). Students with a law degree from a non-Australian jurisdiction must complete LAW7436 (Introduction to Australian legal process).

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

• the units can be selected from the Master of Laws program or from faculties other than the Faculty of Law, subject to the approval of the course convenor (MCL).

* Note: Within this framework, students can take up to four units approved for the Master of Law and Taxation offered by the Faculty of Business and Economics, provided the course convenor (MCL) is satisfied that the unit does not substantially duplicate a unit previously completed by the student.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Business Administration and Master of Commercial Law early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree

Master of Business Administration

Master of Commercial Law

This double degree course aims to provide a broad based foundation in business and management while providing existing and aspiring health care professionals with the opportunity of developing specialist knowledge and expertise in health services management.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• develop specific knowledge and skills in health services management; further enhance communication, inter-personal, problem solving and critical thinking capabilities.

(a.) Students must complete 10 core MBA units (60 points):

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete 10 units (60 points) from the Master of Health Services Management units as follows:

• ECX9720 Introduction to epidemiology and biostatistics
• MPH2065 Law for health systems
• MPH2066 Clinical leadership and management
• MPH2067 Principles of health care quality improvement
• MPH2068 Financial issues in health care management
• MPH2069 Health systems policy
• MPH2072 Reform and development of health services
• MPH2073 Case study in health services management (12 point)
• one elective chosen from graduate units offered by the Department of Epidemiology and Preventive Medicine

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Business Administration and Master of Health Services early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Business Administration

Master of Health Services Management

This double-degree course aims to provide a broad-based foundation in business and management while providing existing and aspiring corporate sustainability professionals with the opportunity of developing specialist knowledge and expertise in sustainable development.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• develop specific knowledge and skills in corporate environmental and sustainability management; further enhance communication, inter-personal, problem solving and critical thinking capabilities.

(a.) Students must complete 10 core MBA units (60 points):

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete (60 points) from the Master of Corporate Environmental and Sustainability Management as follows:

(i.) students must complete four units (24 points) as follows:

• BTX4100 Corporate environmental responsibility
• ENV4020 Perspectives on environment and sustainability
• ENV437E Corporate sustainability management
• ENV441E Sustainability measurement

(ii.) students must complete the remaining 36 points of elective units from the following themes:

• business development
• environmental management
• organisational behaviour
• project management
• environment and law
• international development
• international trade
• GYM5460 Minor internship project* (12 points), or GYM5470 Major internship project* (24 points).

*Students intending to undertake am internship project must gain a distinction average or above in MBA/M.CorpEnvSustain core and elective units, or permission of the course coordinator. For students who have not attained a distinction average, an additional 12 or 24 points of coursework electives may be substituted for the final project units.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Business Administration and Master of Corporate Environmental and Sustainability Management early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Business Administration

Master of Corporate Environmental and Sustainability Management

This course is designed to develop knowledge and skills across a range of business disciplines to provide aspiring managers with the abilities to effectively manage or participate in the management of an organisation. The course also enables students to satisfy the educational requirements of the accounting professional bodies in Australia.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• develop specific knowledge and skills in accounting
• further enhance communication, inter-personal, problem solving and critical thinking capabilities
• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues, and to work out solutions to real world business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop knowledge of the accounting profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

The course structure has three main components:

• a set of core MBA units
• a set of core units in accounting
• three restricted electives, including a professional development unit.

(a.) Students must complete the following nine MBA units (54 points):

• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business
• MBA5005 Strategic management

(b.) Students must complete the following eight units (48 points):

• AFX9500 Introductory accounting
• AFX9520 Accounting information systems and financial modelling
• AFX9530 Financial accounting
• AFX9550 Management accounting
• AFX9560 Advanced financial accounting
• AFX9570 Auditing and assurance
• BTX9500 Business and corporations law
• BTX9651 Taxation law

(c.) Students must complete three elective units (18 points) as follows:

(i.) one MBA-coded elective (6 points)

(ii.) one 5000-level accounting elective (6 points)

(iii.) one of the following units (6 points):

• GSB9001 Personal development - critical thinking and communication
• GSB9002 Personal development - managing self and relationships
• GSB9003 Personal development - professional advancement

Upon successful completion of the program graduates will have satisfied the educational requirements for admission as an associate member of both CPAA and NIA; and entry to both the CPA Program of CPAA and the CA Program of ICAA.

Students wishing to exit the Master of Business Administration and Master of Professional Accounting early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of studay
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Professional Accounting

Master of Business Administration

This double degree course aims to provide a broad based foundation in business and management while providing existing and aspiring managers with the opportunity of developing specialist knowledge and expertise in business law.

The learning goals associated with this course are to:

• provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations
• develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation
• develop specific knowledge and skills in commercial law
• further enhance communication, inter-personal, problem solving and critical thinking capabilities.

(a.) Students must complete 10 core MBA units (60 points) as follows:

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete eight units (48 points) from the Master of Laws (Commercial Law) as follows:

Coursework stream*

(i.) five units (30 points) must be selected from the specialist commercial law units. The units in the specialisation will be those that are specified from time to time by the Faculty of Law Board on the recommendation of the Postgraduate Studies Committee of the faculty. For further information regarding specialisations visit http://www.law.monash.edu.au/postgraduate/units-overview.html

(ii.) a further three units (18 points) can be selected from any units offered in the Master of Laws program. Students with a law degree from a non-Australian jurisdiction will be required to complete the unit LAW7436 (Introduction to Australian legal process).

Coursework and research*

The LLM by coursework and minor thesis may be taken in two ways:

Option 1

(i.) six units (36 points) with at least three of these from the specialist units**

(ii.) minor thesis of 12,000-15,000 words on an approved topic in the area of commercial law (12 points)

Option 2

(i.) four units (24 points) with at least two of these from the specialist units**

(ii.) minor thesis of 25,000-30,000 words on an approved topic in the area of commercial law (24 points).

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

• the units can be selected from the Master of Laws (Commercial Law) or from faculties other than the Faculty of Law, subject to the approval of the course convenor (LLM).

Note: Within this framework students can take up to four units approved for the Master of Commercial Law by the Faculty of Law, provided the course convenor (LLM) is satisfied that the unit does not substantially duplicate a subject previously completed by the candidate.

** In order to qualify to undertake one of the minor thesis options, a student must have achieved a minimum of 70 per cent in each of the units undertaken.

Further details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Business Administration and LLM (Commercial Law) early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• Either of the single masters degrees subject to satisfying the requirements of the single degree

Master of Business Administration

Master of Laws (Commercial Law)

This course is designed to enhance the professional development and skills required for analysing and assessing the economic impact of policies and regulations on private and government enterprise, and to equip students with the ability for strategic business decision-making in a wide range of industries, domestic and internationally.

The learning goals associated with this course are to:

• provide a rigorous and theoretical grounding in the discipline of economics and its application to government and business decision-making
• develop an extended knowledge in the general area of economic analysis in the global economy with particular attention to business strategy, project evaluation, pricing and risk, economic policy, regulation and competition policy
• develop analytical and technical skills to assist in problem-solving in the work-place develop communication and interpersonal skills with special attention to the needs of business and government agencies.

The course structure has two main components:

• a set of core units in economics:
• six open electives.

Applied stream

(a.) Students must complete six compulsory units (36 points) as follows:

• ECF5010 Applied economics issues research paper
• ECF5020 Game theory and business strategy
• ECF5300 Special research topics in applied economics
• ECX5410 Applied microeconomics
• ECX5420 Applied macroeconomics

Plus one quantitative unit approved by the course coordinator.

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of four electives may be selected from other departments of the Faculty of Business and Economics
• a maximum of four electives may be selected from other faculties

Relevant economics units that can be chosen as electives are:

• ECF5040 Industry economics
• ECF5050 Economics of innovation and high technology
• ECX5000 Reading unit
• ECX5470 Competition, regulation and policy
• ECX5475 Financial economics
• ECX5479 Project evaluation
• ECX5484 Industrial organisation

Analytical stream

(a.) Students must complete six compulsory units (36 points) as follows:

• ECF5010 Applied economics issues research paper
• ECF5020 Game theory and business strategy
• ECX5465 Microeconomics
• ECX5466 Macroeconomics

plus one unit from the following:

• ECX5000 Reading unit
• ECX5470 Competition, regulation and policy
• ECX5472 Law and economics
• ECX5475 Financial economics
• ECX5479 Project evaluation
• ECX5484 Industrial organisation
• ECX5486 Issues seminar

plus one quantitative unit approved by the course coordinator

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of four electives may be selected from other departments of the Faculty of Business and Economics
• a maximum of four electives may be selected from other faculties.

Relevant economics units that can be chosen as electives are:

• ECC5650 Microeconomic theory
• ECC5660 Macroeconomic theory
• ECC5690 Theories in international and development economics
• ECC5730 Applied advanced general equilibrium theory
• ECC5750 Financial economics
• ECC5810 Public economics
• ECC5840 Information, incentives and games

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students wishing to exit the Master of Business Economics early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Postgraduate Diploma in Economics and Commerce after successful completion of 48 points of study
• Graduate Diploma in Business after successful completion of 48 points of study.

Master of Business Economics

This course is designed to provide theoretical and practical knowledge in business law and to develop an understanding of and an ability to analyse a wide range of legal problems arising in the practice of business law. The course is of direct relevance to those involved in the private, commercial, or government sectors where business law issues are relevant. The course will enhance legal skills for students seeking placements in legal commercial and governmental regulatory and compliance positions, especially in Australia and Asia.

The learning goals associated with this course are to:

• describe theoretical and practical issues in a range of business law areas
• analyse legal problems arising in business practice; develop skills in research, interpersonal communications, negotiation, ethical decision-making and analysis in a business law context
• critically analyse legal issues of current importance to the business sector and formulate a considered view on the basis of sound research skills.

The course structure has two main components:

• a set of core units in Business law:
• two open electives.

(a.) Students must complete six core units (36 points) as follows:

(i.) one compulsory unit (6 points):

• BTX9020 Business law

(ii.) five units (30 points) chosen from the following of which at least four must be at 5000-level:

• BTX5000 Corporate governance
• BTX5020 Intellectual property laws
• BTX5030 Comparative corporate law
• BTX5031 Insurance Law
• BTX5040 Legal aspects of corporate social responsibility
• BTX5050 Asian business law
• BTX5060 The law of employment
• BTX5070 Labour relations law
• BTX5080 Workplace negotiations
• BTX5100 Corporate environmental responsibility
• BTX5121 Information technology law
• BTX5130 International law and policy
• BTX5131 Advanced banking law
• BTX5180 Financial services regulation
• BTX5190 International trade law
• BTX5841 Human resources management law
• BTX9541 Corporations law and trusts
• BTX9651 Taxation law

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

• a maximum of two elective units (12 points) may be taken from other Departments in the Faculty of Business and Economics
• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete a research project or minor thesis equivalent to between one and four elective units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

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

Master of Business Law

The business management program is designed for graduates who seek a masters program, which focuses on the application of theory into business contexts relevant to practising professionals. The course covers contemporary issues relevant to practitioners operating in a local, national or international organisational environment.

The learning goals associated with this course are to:

• develop an advanced and mature level of attributes in the area of written and oral communication, enquiry, information literacy, self direction, teamwork, global outlook, moral and social responsibility, curiosity and creativity
• provide an understanding of contemporary issues within the various disciplines of local and global business management
• identify knowledge and skills associated with understanding and applying management and business theory and practice in general, and also specifically to managing business organisations locally, regionally, internationally and globally
• provide the potential to specialise in the area of business management of specific interest to the candidate
• develop skills in conducting research and in communicating research findings.

The course structure has two main components:

• a set of core units in management
• six open electives.

(a.) Students must complete six core units (36 points):

• MGG5810 Cultural values and management practices
• MGG5820 Management development for global business
• MGG9370 Management theory and practice
• MGG9371 Strategic management
• MGX5461 Contemporary issues in globalisation
• MGX9850 Human resource management

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

(i.) units from the following list:

• AFG9070 Financial management
• BTG9241 Employment law
• BTG9270 Business law
• ECG9170 Issues in labour economics
• MGG5325 Human resource development
• MGG5352 Management processes and systems
• MGX5340 International public policy and management
• MGX5551 Strategic human resource management
• MGX5560 Case studies in services management
• MGX5770 Business and government
• MGX9220 Work and employment relations
• MGX9600 Managing people and organisations
• MGX9720 Managing organisational change
• MKX9160 Foundations of marketing

(ii.) units from any faculty of the University.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students wishing to exit the Master of Business Management early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma of Business (Management) after successful completion of 48 points of study.

Master of Business Management

This course provides formal academic study across a range of disciplines relevant to the needs of organisations operating in the global environment. It provides high-level training in the fields of international business, diplomacy, economics, law and contemporary politics. The course is aimed at individuals who presently work, or who hope to work, in both the public and private sectors and who wish to increase their understanding of the international environment in which they operate. It is designed for individuals working in the government sector engaged in the implementation and provision of policy advice in the areas of foreign affairs, trade and business related issues. In the private domain, the course is designed for individuals who are operating, or looking to work, in an international capacity in both the corporate or not-for-profit sector.

The learning goals associated with this course are to:

• acquire professional skills in the formulation and analysis of foreign and trade policy
• develop critical and analytical skills appropriate to the field of international public policy
• develop the capacity to evaluate key trends in foreign and trade policy
• acquire a detailed understanding of the modern international system.

The course structure has two main components:

• a set of core units in diplomacy and trade
• six open electives.

(a.) Students must complete six core units (36 points) as follows:

• BTX5130 International law and policy
• ECF9210 Introduction to international economics
• MGX5710 The contemporary world
• MGX5730 International trade policy
• MGX5760 International institutions and organisations
• MGX9110 Diplomacy and statecraft

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties
• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete the units MGX5000, MGX5901 and MGX5900 as part of their elective component.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Diplomacy and Trade early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Diplomacy and Trade after successful completion of 48 points of study.

Master of Diplomacy and Trade

This course provides current and aspiring managers with the opportunity to develop specialist knowledge and expertise in human resource management, with an emphasis on strategic issues. Students commence their studies with foundation units focusing on contemporary issues related to managing human resources, organisational change, and industrial relations. Students then select units to suit their own interests and requirements by choosing from the wide range of elective units offered by the Department of Management. The course involves the study of theoretical and research developments and analysis of contemporary examples of human resource management.

The learning goals associated with this course are to:

• analyse and evaluate the strategic contribution that can be made by human resource management (HRM)
• develop specialist knowledge and expertise in HRM responsibilities
• review and analyse contemporary HRM issues and the design of related HR policy and practice
• examine the interplay between HRM and related specialist areas such as industrial, workplace and employee relations, organisational and change management and leadership
• critically analyse and apply HRM theory and empirical research.

The course structure has two main components:

• a set of core units in human resource management
• six open electives.

(a.) Students must complete six core units (36 points) as follows:

(i.) the following five units (30 points):

• MGX5261 Human resource management issues
• MGX5551 Strategic human resource management
• MGX5631 International human resource management
• MGX9600 Managing people and organisations
• MGX9850 Human resource management

(ii.) one of the following units (6 points):

• MGX5610 Work and employment relations in a global context
• MGX9220 Work and employment relations

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties
• students seeking Australian Human Resources Institute accreditation should include MGX5670 (Leadership), and MGX9720 (Managing organisational change) as elective units
• a research option is available with permission of the course coordinator. Students enrolling in the Research option will be required to complete the units MGX5000, MGX5901 and MGX5900 as part of their elective component.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

This degree is recognised by the Australian Human Resources Institute.

Professional recognition may be dependent upon work experience requirements and the correct choice of units.

Students wishing to exit the Master of Human Resource Management early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Human Resource Management after successful completion of 48 points of study.

Master of Human Resource Management

This course offers the opportunity to undertake an academically rigorous and professionally relevant program of study in contemporary international business issues. Knowledge gained from the course will provide graduates with the skills to lead their companies through the internationalisation process. The course is also relevant for those who seek career advancement in the public, inter-governmental and non-profit sectors, and others who wish to extend their skills in the analysis and interpretation of the global business environment.

The learning goals associated with this course are to:

• develop the capacity for high-level analysis of international and trans-national investment, trade, and management strategy in the context of globalisation
• acquire key skills in communication and negotiation across business cultures
• develop the ability to deal with issues in the international non-profit and inter-governmental sectors as these affect multinational corporations, study the links between international business strategies and societies, economies and political and legal regimes
• bridge the gap between the theory of firm internationalisation and the actual internationalisation process in practice.

The course structure has two main components:

• a set of core units in international business
• six open electives.

(a.) Students must complete six core units (36 points) as follows:

• BTX9190 International trade law
• ECF9210 Introduction to international economics
• MGX5171 Managing the multinational enterprise: cases and issues
• MGX5730 International trade policy
• MGX9660 International business theory and practice
• MKX9550 Marketing and the international consumer

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties
• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete the units MGX5000, MGX5901 and MGX5900 as part of their elective component.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of International Business early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in International Business after successful completion of 48 points of study

Master of International Business

This course reflects the external and internal challenges and demands currently faced by managers. Exponential growth in new technologies, intense global competition, the elimination of industry boundaries and the opening of previously closed global markets have characterised the start of the new millennium. As a consequence, the skills necessary to deal with this complex and varied range of factors are necessarily complex and varied themselves.

The course content focuses on flexibility and agility at an individual and organisational level. It does so firstly by exploring the fundamentals of individual, group and organisational behaviour and performance, organisational dynamics, and the importance of self-awareness, learning and self-management. Through its management discipline, the course then moves into the realms of leadership, change, learning and strategy. Here students develop an understanding of leadership theory and practice, the means by which change is initiated and supported, the methods for creating, disseminating and applying knowledge, and the theory and application of holistic, systemic and non-linear thinking. The final phase of the course focuses specifically on the knowledge and skills required to integrate the demands of maintaining internal stability within the organisation and adaptive capability in the external environment.

The learning goals associated with this course are to:

• acquire knowledge of leadership theory and practice; develop leadership skills
• develop skills in analytical methods and modelling techniques based on complexity theory
• examine organisational adaptation from the perspective of strategy, change and learning
• develop theoretical knowledge of individual, group and organisational behaviour and performance
• develop skills in self-analysis, learning and self-management.

The course structure has two main components:

• a set of core units in management
• six open electives.

(a.) Students must complete six core units (36 points) as follows:

• MGX5510 Organisational learning and knowledge management
• MGX5670 Leadership
• MGX9600 Managing people and organisations
• MGX9720 Managing change
• MGX9761 Strategic management
• MGX5870 Organisational and business dynamics

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties
• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete the units MGX5000, MGX5901 and MGX5900 as part of their elective component.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Management early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Management after successful completion of 48 points of study

Master of Management

This course has been designed to provide career market professionals with a comprehensive, intellectually demanding and up-to-date understanding of business and marketing concepts. The course is appropriate for marketers seeking new ways to develop, control and implement marketing activities in all types of environments. It is appropriate for those occupying senior marketing positions in consumer, business, government, community, service and non-profit organisations. The course provides for specialisations in selected disciplines for career development and profession in differentiated fields of study.

The learning goals associated with this course are to:

• describe and assess contemporary marketing thinking and concepts
• analyse the influences on decision-making behaviour
• develop the ability to plan, implement and control marketing strategy in a variety of organisational settings
• formulate appropriate marketing strategies to achieve organisational objectives
• acquire specific theoretical knowledge and applied skills in preparation for continued career advancement.

The course structure has two main components:

• a specialisation in a selected marketing discipline:
• six open electives.

(a.) Students must complete a major of six units (36 points) from the list of majors below

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Majors

Marketing

The following six units:

• MKF5200 Assessing marketing performance
• MKF9110 Theory and process of buyer behaviour
• MKF9120 Marketing research
• MKX5251 Case studies in strategy
• MKX9160 Foundations of marketing
• MKX9261 Integrated marketing communication

International marketing

The following six units:

• MKF9110 Theory and process of buyer behaviour
• MKF9120 Marketing research
• MKX5260 International marketing
• MKX9160 Foundations of marketing
• MKX9261 Integrated marketing communication
• MKX9830 International retailing

Interactive marketing

The following six units:

• MKF5703 Direct marketing creative and media
• MKF9110 Theory and process of buyer behaviour
• MKX5660 Relationship marketing
• MKX9160 Foundations of marketing
• MKX9261 Integrated marketing communication
• MKX9701 Direct marketing

Relationship marketing

(a.) The following four units:

• MKF9110 Theory and process of buyer behaviour
• MKX9160 Foundations of marketing
• MKX9261 Integrated marketing communication
• MKX9701 Direct marketing

(b.) two of the following units:

• MKF5630 Services marketing
• MKF9790 Banking and financial services marketing
• MKX5660 Relationship marketing

Retailing

The following six units:

• MKF5140 Merchandise planning and control
• MKF9810 Retailing
• MKX9160 Foundations of marketing
• MKX9261 Integrated marketing communication
• MKX9610 Supply chain logistics
• MKX9830 International retailing

Supply chain logistics

The following six units:

• MKX5611 Advanced supply chain management
• MKX5751 Delivering customer value
• MKX9160 Foundations of marketing
• MKX9610 Supply chain logistics
• MKX9620 Fulfilment and order management
• MKX9640 Managing supply chain inventory

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Marketing early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Marketing after successful completion of 48 points of study.

Master of Marketing

This course is designed for early career marketers who have studied marketing at the undergraduate level and provides a comprehensive, intellectually demanding and up-to-date understanding of business and marketing concepts. The course is appropriate for marketers seeking new ways to develop, control and implement marketing activities in all types of environments. It is appropriate for those occupying senior marketing positions in consumer, business, government, community, service and non-profit organisations.

The learning goals associated with this course are to:

• critically assess contemporary marketing thinking and concepts
• analyse in depth the influences on decision-making behaviour
• develop the ability to plan, implement and control marketing strategy in a variety of organisational settings
• formulate appropriate marketing strategies to achieve organisational objectives
• acquire specific theoretical knowledge and applied skills in preparation for career advancement.

The course structure has two main components:

• a set of core units in marketing:
• six open electives.

(a.) Students must complete six core units (36 points) as follows:

• MKF5200 Assessing marketing performance
• MKF5403 Advanced business research methods
• MKF5463 Advanced buyer behaviour
• MKX5123 Marketing innovation and planning
• MKX5251 Case studies in strategy
• MKX5461 Contemporary issues in marketing

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students wishing to exit the Master of Marketing early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Postgraduate Diploma in Marketing after successful completion of 48 points of study.

Master of Marketing

This course aims to develop an understanding of the theoretical principles upon which the practice of marketing is based. In addition, students should be able to apply these marketing principles in a variety of business, organisational and individual contexts. The focus of the program is to provide students with a comprehensive, intellectually demanding and up-to-date understanding of marketing concepts and applications. The course is designed specifically for students wishing to gain marketing knowledge and skills to further a marketing oriented career.

The learning goals associated with this course are to:

• describe and assess contemporary marketing thinking and concepts
• analyse the influences on decision-making behaviour
• develop the ability to plan, implement and control marketing strategy in a variety of organisational settings
• formulate appropriate marketing strategies to achieve organisational objectives
• acquire specific theoretical knowledge and applied skills in preparation for continued career advancement.

The course structure has two main components:

• a set of core units in marketing:
• six open electives.

(a.) Students must complete six core units (36 points) as follows:

• MKF5200 Assessing marketing performance
• MKF5270 Strategic marketing
• MKF9110 Theory and process of buyer behaviour
• MKF9120 Marketing research
• MKX9160 Foundations of marketing
• MKX9261 Integrated marketing communication

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students wishing to exit the Master of Marketing early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Marketing after successful completion of 48 points of study

Master of Marketing

The MPhil is designed to extend the disciplinary competence of students as well as provide them with research training. While it is not necessary that an MPhil thesis would make a major contribution to the discipline by way of new knowledge (as a PhD would require), an MPhil thesis would be expected to make a contribution to an existing body of knowledge by applying, clarifying, critiquing or interpreting that knowledge.

The learning goals associated with this course are to:

• extend knowledge, expertise and skill through the application of research to business problems and issues
• gain experience in the design and implementation of research
• develop the ability to carry out independent research
• make a contribution to an existing body of knowledge by applying, clarifying or interpreting that knowledge.

100 per cent thesis option

Students are required to write a thesis of up to 50,000 words on a topic selected with their supervisor. The thesis constitutes 100 per cent of the workload and the topic must be related to the department in which the student is specialising. A member of that department will be appointed as supervisor. In some instances, students may have more than one supervisor, and the second supervisor may be from another department.

Coursework and 67 per cent thesis option

Students are required to select four units, as set out in the section on each of the departments below. Students are required to include in the four units at least two 5000-level units from the department in which they are enrolled for the masters course. This unit should be related to the topic of their thesis.

In addition, students are required to write a thesis of about 25,000 words on a topic selected in consultation with their supervisor. The thesis constitutes 67 per cent of the course, and the topic must be related to the department in which the student is specialising.

Normally, the coursework component is taken over the first two semesters before proceeding to the thesis component. Students are required to achieve an average grade of 70 per cent or above.

A member of that department will be appointed as supervisor. In some instances, students may have more than one supervisor, and the second supervisor may be from another department.

Coursework and 92 per cent thesis option

Students are required to write a thesis of up to 50,000 words on a topic selected with their supervisor. The thesis constitutes 92 per cent of the workload, and the topic must be related to the department in which the student is specialising. A member of that department will be appointed as supervisor. In some instances, students may have more than one supervisor, and the second supervisor may be from another department.

In addition, students will be required to complete one 5000-level unit from the department responsible for the supervision of their thesis. This unit should be related to the topic of their thesis.

Normally, the coursework component is taken over the first two semesters before proceeding to the thesis component. Students are required to achieve an average grade of 70 per cent or above.

Graduate seminar

All students are required to attend the graduate seminars organised by the department in which they are enrolled. They will also be expected to attend and participate regularly in the seminar series. Students are required to present one seminar. Although the graduate seminar is an unweighted unit, students enrol in the graduate seminar in each department in the same way as other units, although it does not count as one of the units

Department of Accounting and Finance

Students must undertake the 100 per cent thesis option (the 92 per cent and 67 per cent thesis options are not available).

Department of Business Law and Taxation

Students must undertake the 92 per cent thesis option (the 100 per cent and 67 per cent thesis options are not available).

92 per cent thesis option

(a.) Students must complete one unit from the 5000-level units taught by the department. The unit to be taken should be related to the thesis topic.

(b.) students are required to participate in the departmental seminar program

(c.) students must complete the 92 per cent thesis component.

Department of Econometrics and Business Statistics

Students must undertake the 67 per cent thesis option or the 92 per cent thesis option (the 100 per cent thesis option is not available).

67 per cent thesis option

(a.) Students must complete two units from the following list:

• ETC5400 Research topics in econometrics or ETF5400 Special topics in econometrics I
• ETC5410 Special topics in econometrics or ETF5410 Special topics in econometrics II

(b.) students must complete two units from special units or special reading units taught by the department, or from the graduate units taught by the Department of Accounting and Finance and the Department of Economics.

(c.) students must complete:

• ETC5470/ETF5470 Econometrics graduate seminar

(d.) students must complete the 67 per cent thesis component.

92 per cent thesis option

(a.) Students must complete one unit from the 5000-level units taught by the department. The unit to be taken should be related to the thesis topic, and in special circumstances the head of department may approve as the 5000-level unit ETC5000/ETF5000 (Reading unit) taught by the department.

(b.) students must complete:

• ETC5470/ETF5470 Econometrics graduate seminar

(c.) students must complete the 92 per cent thesis component.

Department of Economics

All students entering the graduate program within the Department of Economics are required to have passed the undergraduate unit ETC2410 (Introductory economics) or ETC3440 (Practical economics) or equivalent units, or an examination set by the department at an equivalent level in quantitative economics analysis. Students are not permitted to take ETC3440 as a special unit. Students may select joint courses offered by the Department of Economics with the Department of Econometrics and Business Statistics (Clayton) and The Department of Accounting and Finance, respectively.

67 per cent thesis option

(a.) Students must complete the following three units:

• ECC5650 Microeconomic theory
• ECC5660 Macroeconomic theory
• ECC5850 Mathematics economic theory

(b.) students must complete one unit from the 5000-level units taught by the department. The unit to be taken should be related to the thesis topic.

(c.) students must complete:

• ECC5800 Economics graduate seminar

(d.) students must complete this thesis component

Department of Econometrics and Business Statistics and Department of Economics

67 per cent thesis option

(a.) Students must complete two units from the Department of Econometrics and Business Statistics, including at least one of:

• ETC5400 Research topics in econometrics or ETF5400 Special topics in econometrics 1
• ETC5410 Special topics in econometrics or ETF5410 Special topics in econometrics 2

(b.) students must complete two units from the Department of Economics, including at least one of:

• ECC5650 Microeconomics
• ECC5660 Macroeconomics

(c.) students must complete one of:

• ECC5800 Economics graduate seminar
• ETC5470/ETF5470 Econometrics graduate seminar

(d.) students must complete the 67 per cent thesis component.

Department of Management

Students must undertake the 92 per cent thesis option (the 67 per cent and 100 per cent thesis options are not available)

92 per cent thesis option

(a.) students must complete one unit from the 5000-level units taught by the department. The unit to be taken should be related to thesis topic.

(b.) students are required to participate in the departmental seminar program.

(c.) students must complete the 92 per cent thesis component.

Department of Marketing

Students must undertake the 100 per cent thesis option (the 92 per cent and 67 per cent thesis options are not available).

Students may be able to upgrade to doctoral candidature (PhD) after 12 months, provided that satisfactory progress has been made and certain conditions are met.

Master of Philosophy

The course is designed to provide both practical and theoretical knowledge and skills in accounting. It enables students who hold a previous qualification in a non-accounting discipline that is comparable to an Australian bachelor degree to satisfy the educational requirements of the accounting professional bodies in Australia.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues, and to work out solutions to real world business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop knowledge of the accounting profession and the need to pursue life-long learning to be an effective leader and to provide service to local, national and international communities.

This course comprises seven compulsory units and five electives.

(a.) Students must complete the following seven units (42points):

• AFX9500 Introductory accounting
• AFX9530 Financial accounting
• AFX9540 Business finance
• AFX9550 Management accounting
• AFX9560 Advanced financial accounting
• BTX9500 Business and corporations law
• GSB9001 Personal development-critical thinking and communication

(b.) students must complete three units (18 points) from the following list:

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• AFX9570 Auditing and assurance
• BTX9651 Taxation law
• ECF9530 Economics

(c.) students must complete a further two graduate units (12 points) from the remaining units listed in (b) or from any department in the Faculty of Business and Economics.

Students who successfully complete the Master of Professional Accounting, with at least a credit average, may be eligible for admission to the Master of Business (Accounting).

Students seeking associate membership of CPA Australia upon graduation must include the following units under requirement (b) in the course requirements section:

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• ECF9530 Economics

Students seeking admission to the Chartered Accountants Program upon graduation must include the following units under requirement (b) in the course requirements section:

• AFX9570 Auditing and assurance
• BTX9651 Taxation law

Upon successful completion of the course graduates who possess an Australian bachelor degree or an overseas qualification deemed by the Australian Education International National Office of Overseas Skills Recognition (AEI-NOOSR) as being equivalent to an Australian bachelor degree will satisfy the educational requirements for admission:

• as an associate member of CPA Australia and the National Institute of Accountants
• entry to the CPA Program of CPA Australia and the Chartered Accountants Program of The Institute of Chartered Accountants in Australia.

Further details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Professional Accounting early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Accounting after successful completion of 48 points of study.

Master of Professional Accounting

The course is designed to provide both practical and theoretical knowledge and skills in accounting. It enables students who hold a previous qualification in a non-accounting discipline that is comparable to an Australian bachelor degree to satisfy the educational requirements of the accounting professional bodies in Australia. The course is also designed to provide rigorous theoretical and practical knowledge in business law and to develop an understanding of and an ability to analyse a wide range of legal problems arising in the practice of business law.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues, and to work out solutions to simulated business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to make high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop knowledge of the accounting profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities
• take a structured approach to business data analysis, problem solving and decision-making
• apply relevant theory, tools and techniques to solve complex problems in a dynamic business environment
• develop and recommend organisation specific responses to issues and opportunities that may impact on an organisations performance
• operate effectively in a multidisciplinary environment while providing specialist input from a business law and taxation perspective.

This course comprises seven compulsory units and nine electives.

(a.) Students must complete seven compulsory units (42 points):

• AFX9500 Introductory accounting
• AFX9530 Financial accounting
• AFX9540 Business finance
• AFX9550 Management accounting
• AFX9560 Advanced financial accounting
• BTX9500 Business and corporations law
• GSB9001 Personal development - critical thinking and communication

(b.) Students must complete four elective units (24 points) from the following:

• BTX5000 Corporate governance
• BTX5020 Intellectual property laws
• BTX5030 Comparative corporate law
• BTX5031 Insurance law
• BTX5040 Legal aspects of corporate social responsibility
• BTX5050 Asian business law
• BTX5060 The law of employment
• BTX5070 Labour relations law
• BTX5080 Workplace negotiations
• BTX5100 Corporate environmental responsibility
• BTX5121 Information technology law
• BTX5130 International law and policy
• BTX5131 Advanced banking law
• BTX5150 Competition and marketing law
• BTX5180 Financial services regulation
• BTX5190 International trade law
• BTX5841 Human resources management law

(c.) Students must complete three units (18 points) from the following list:

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• AFX9570 Auditing and assurance
• BTX9651 Taxation law
• ECF9530 Economics

(d.) Students must complete a further two graduate units (12 points) offered by any department in the Faculty of Business and Economics.

Students seeking associate membership of CPA Australia upon graduation must include the following units under requirement (b) in the course requirements section:

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• ECF9530 Economics

Students seeking admission to the Chartered Accountants Program upon graduation must include the following units under requirement (b) in the course requirements section:

• AFX9570 Auditing and assurance
• BTX9651 Taxation law

Upon successful completion of the program graduates will have satisfied the educational requirements for admission:

• as an associate member of both CPA Australia and the National Institute of Accountants
• entry to both the CPA Program of CPA Australia and the Chartered Accountants Program of The Institute of Chartered Accountants in Australia.

Further details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Professional Accounting and Master of Business Law early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Professional Accounting

Master of Business Law

The course is designed to provide both practical and theoretical knowledge and skills in accounting. It enables students to satisfy the educational requirements of the accounting professional bodies in Australia.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues, and to work out solutions to real world business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop knowledge of the accounting profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

This course comprises seven compulsory units and nine electives.

(a.) Students must complete the following seven units (42 points) as follows:

• AFX9500 Introductory accounting
• AFX9530 Financial accounting
• AFX9540 Business finance
• AFX9550 Management accounting
• AFX9560 Advanced financial accounting
• BTX9500 Business and corporations law
• GSB9001 Personal development - critical thinking and communication

(b.) Students must complete three units (18 points) from the following list:

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• AFX9570 Auditing and assurance
• BTX9651 Taxation law
• ECF9530 Economics

(c.) Students must complete a further six graduate units (36 points) from the remaining units listed in (b) or from units offered by any department in the Faculty of Business and Economics.

Students who successfully complete the Master of Professional Accounting (Advanced), with at least a credit average, may be eligible for admission to the Master of Business (Accounting).

Students seeking associate membership of CPA Australia upon graduation must include the following units under requirement (b) in the course requirements section:

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• ECF9530 Economics

Students seeking admission to the Chartered Accountants Program upon graduation must include the following units under requirement (b) in the course requirements section:

• AFX9570 Auditing and assurance
• BTX9651 Taxation law

Upon successful completion of the course graduates will satisfy the educational requirements for:

• admission as an associate member of CPA Australia and the National Institute of Accountants
• entry to the CPA Program of CPA Australia and the Chartered Accountants Program of The Institute of Chartered Accountants in Australia.

Further details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Professional Accounting (Advanced) early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Accounting after successful completion of 48 points of study
• Master of Professional Accounting after successful completion of 72 points of study.

Master of Professional Accounting (Advanced)

This course is designed for graduates, in Australia and internationally, who wish to contribute to valued outcomes in the government and community sectors. Participates may work in the public, not-for-profit, local government, private or other sectors. The course focuses on understanding changing expectations about government, changing modes of delivering public services, and the changing skills needed by effective leaders and managers. Graduates will understand and apply relevant theories and concepts; develop skills to define and resolve issues in public policy and management; and blend theory and practice by working throughout the course on a wide range of practical issues.

The learning goals associated with this course are to:

• develop the capacity for high-level analysis of public policy, governance and public management issues in the modern context
• acquire key skills in communicating and negotiating with representatives of the public, community/non-profit and corporate sectors
• develop the ability to deal with issues in both partnership and contest between the government agencies, non-profit and community sector organisations and corporations
• study the links between government and organisations at the national, regional/state and local council levels
• bridge the gap between theory and practice in public administration.

The course structure has two main components:

• a set of core units in public policy and management
• six open electives.

(a.) Students must complete six core units (36 points) as follows:

• MGX5300 Governance
• MGX5360 Strategic management in the public sector
• MGX5370 Policy analysis
• MGX5440 Public sector financial management
• MGX9230 Public policy
• MGX9270 Public management

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties
• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete the units MGX5000, MGX5901 and MGX5900 as part of their elective component.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Public Policy and Management may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Public Policy and Management after successful completion of 48 points of study.

Master of Public Policy and Management

This course recognises the fundamental importance of the management of risk in today's commercial world and seeks to provide graduates with extended skills in core areas. The course will prepare students for the increasingly complex risk management issues that they will face when employed in many areas of business and in government agencies. It also provides education in the area of the management of risk and related topics appropriate for practitioners seeking to meet professional education requirements or to update their knowledge in specific risk management areas. It is also suitable for people working in other business, financial planning or investment areas who regularly deal with risk management issues.

The learning goals associated with this course are to:

• satisfy the educational requirements for membership of the Risk Management Institution of Australasia Limited
• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues
• and to work out solutions to real world business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop knowledge of the risk management profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

This course comprises eight compulsory units and four electives.

(a.) Students must complete eight compulsory units (48 points):

• AFF5011 Issues in risk management
• AFF5021 Case studies in risk management
• AFF5031 Principles of risk transfer
• AFF9020 Introduction to risk principles
• AFF9770 Risk financing and treasury management
• BTX5031 Insurance law
• BTX9760 Risk control and the law
• ETX9520 Quantitative methods for risk analysis

(b.) students must complete a further four graduate units (24 points) subject to the following condition:

• a maximum of four elective units (24 points) may be taken from other faculties.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Risk Management early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Risk Management after successful completion of 48 points of study.

Master of Risk Management

This course equips graduates with the knowledge, capabilities and practitioner skills associated with the practice of industrial relations and employment relations in a wide range of professional and managerial roles. It focuses on workplace labour management practice and policy in a dynamic and internationalised context while making the necessary connections with the broader institutional and legal framework. It is ideally suited for industrial relations and human resources practitioners, and for general managers with responsibility for managing people.

The learning goals associated with this course are to:

• analyse the dynamic industrial relations environment faced by contemporary business and work organisations
• understanding the practical impacts of these dynamic changes for workplace industrial relations strategies
• development of work and employment relations strategies that contribute to business performance and effectiveness
• the development of core capabilities associated with the management of work and employment relations, including negotiation, problem solving, the management of workplace change, and conflict management
• critically evaluate and apply theory and applied research in related fields of management, human resources and industrial relations.

The course structure has two main components:

• a set of core units in work and employment relations
• six open electives.

(a.) Students must complete six core units (36 points) as follows:

(i.) the following five units (30 points):

• BTX5080 Workplace negotiations
• BTX9070 Labour relations law
• MGX5130 Equity and diversity in the workplace
• MGX5620 Pay, participation and performance
• MGX9850 Human resource management

(ii.) one of the following units (6 points):

• MGX5610 Work and employment relations in a global context
• MGX9220 Work and employment relations

(b.) students must complete a further six graduate units (36 points) subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties
• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete the units MGX5000, MGX5901 and MGX5900 as part of their elective component.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Work and Employment Relations early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Work and Employment Relations after successful completion of 48 points of study.

Master of Work and Employment Relations

* Where more than one award is listed, or in the case of double degrees, where more than one award is listed for one or both components of the double degree, the actual award/s conferred may depend on units/majors/streams/specialisations studied, the level of academic merit achieved (eg in the case of 'with honours' programs), or other factors relevant to the individual student's program of study.

The course is designed to develop practitioner skills on a comprehensive analytical and conceptual basis for industrial relations and human resources practitioners and for managers, and to provide theoretical and practical knowledge in business law. The course provides an understanding of and an ability to analyse a wide range of legal problems arising in the practice of business law with a focus upon the workplace within the broader institutional and legal framework.

The learning goals associated with this course are to:

• evaluate leadership styles appropriate for application in industrial and workplace relations
• acquire analytical skills in specialist areas of interest that support workplace and industrial relations
• evaluate conceptual and analytical frameworks underpinning the research on the management of people
• interpret existing academic and industry-based research on workplace and industrial relations and related disciplinary areas
• describe theoretical and practical issues in a range of business law areas
• analyse legal problems arising in business practice
• develop skills in research, interpersonal communications, negotiation, ethical decision-making and analysis in a business law context
• critically analyse legal issues of current importance to the business sector and formulate a considered view on the basis of sound research skills.

The course structure has three main components:

• a set of core units in workplace and employment relations
• a set of core units in business law
• six open electives.

(a.) Students must complete six core units (36 points) as follows:

• BTX5080 Workplace negotiations
• BTX9070 Labour relations law
• MGX5130 Equity and diversity in the workplace
• MGX5620 Pay, participation and performance
• MGX9850 Human resource management

plus one of:

• MGX9220 Work and relations
• MGX5610 Work and employment on global context

(b.) students must complete four units (24 points) from the following list:

• BTX5000 Corporate governance
• BTX5020 Intellectual property laws
• BTX5030 Comparative corporate law
• BTX5031 Insurance law
• BTX5040 Legal aspects of corporate social responsibility
• BTX5050 Asian business law
• BTX5060 The law of employment
• BTX5070 Labour relations law
• BTX5100 Corporate environmental responsibility
• BTX5121 Information technology law
• BTX5130 International law and policy
• BTX5131 Advanced banking law
• BTX5180 Financial services regulation
• BTX5190 International trade law
• BTX5841 Human resources management law

(c.) Students must complete six elective units (36 points) from graduate units subject to the following condition:

• a maximum of two elective units (12 points) may be taken from other faculties
• a research option is available with permission of the course coordinator. Students enrolling in the research option will be required to complete the units MGX5000, MGX5901 and MGX5900 as part of their elective component.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students wishing to exit the Master of Work and Employment Relations and Master of Business Law early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Business Law

Master of Workplace and Employee Relations

The degree of Doctor of Philosophy (PhD) at Monash signifies that the holder has completed a course of postgraduate training in research under proper academic supervision and has submitted a thesis that the examiners have declared to be a significant contribution to knowledge and which demonstrates the candidate's capacity to carry out independent research.

On the recommendation of the head of the department concerned, a member of the University will be appointed to supervise the work of each candidate.

The learning goals associated with this course are to:

• extend knowledge, expertise and skill through the application of research to business problems and issues
• gain experience in the design and implementation of research; develop the ability to carry out independent research at an advanced level, together with analytical and written communication skills
• make a significant contribution to knowledge.

A full-time candidate shall normally submit a thesis for examination not less than 24 months and not more than 48 months after admission to candidature for the degree of Doctor of Philosophy. For part-time students, the minimum period of candidature is 48 months and the maximum period 96 months.

The conditions of enrolment in the PhD program are:

• students are required to undertake the equivalent of six months of full-time study during the first 48 months of candidature. The period need not be continuous but is usually completed in blocks of not less than one month
• students must maintain regular contact with their supervisors
• students must be able to devote two full days per week, or an acceptable alternative period, to pursuing their PhD studies. At least one of these days must be a weekday (Monday to Friday).
• students are required to attend graduate seminars organised by the department in which they are enrolled. They are expected to participate regularly in the seminar series and to give at least two seminars during the period of candidature.

In order to meet the requirements of the PhD, students must submit a thesis which generally does not exceed 100,000 words.

Doctor of Philosophy