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Monash University

Monash University Handbook 2010 Postgraduate - Course

NOTE: This course has been updated - please refer to the Postgraduate handbook change register for details.

This course entry should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics

Managing facultyBusiness and Economics
Abbreviated titleGradDipEcSt
CRICOS code013388A
Total credit points required48
Standard duration of study (years)1 year FT, 2 years PT
Study mode and locationOn-campus (Clayton)
Contact details

Monash Graduate School of Business
Telephone: +61 3 9903 1400
Fax: +61 3 9903 1357

Course coordinator

Associate Professor He-Ling Shi;- Economics; Professor Brett Inder;- Econometrics


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 (*):

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

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):

(b.) students must complete three 3000 or 9000 level units (18 points) 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.

Minimum grade for articulation

Credit average.

Progression to further studies

Students who successfully complete the Graduate Diploma in Economic Studies, with a credit average (60 per cent) or above, may be eligible for admission to course 3842 Master of Business Economics.

Alternative exit(s)

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