Monash University Handbook 2011 Postgraduate - Area of Study

Economics provides training in logical thought and analysis which can be applied widely in every-day decision making, not just to matters which are usually labelled 'economic'. The underlying philosophy of the facultys teaching and research program is that a rapidly changing world requires adaptable analytical skills. Accordingly, its aim is to prepare students with a wide range of career options that are readily adapted to the issues of the day. These may be positions in industry, government, or in non-government and international organisations.

In the new information economy, professionals are confronted with masses of data. They are expected to apply econometric methods to analyse this data and provide evidence to management for informed decision making. The applied econometrics programs are designed to develop expertise in this area, by providing quantitative skills to carry out regression analysis, forecasting, financial market analysis and survey data analysis.

Further information on econometrics can be found at: http://www.buseco.monash.edu.au/ebs/about/econometrics.php

Studies in these disciplines in the Postgraduate Diploma in Economics and Commerce:

• further sharpens quantitative and analytical skills
• enhances career opportunities, with some public sector organisations, in particular, recruiting only honours graduates
• provides the foundation for further study at the Masters and PhD level, including at international universities.

To complete the economics and econometrics major in the Postgraduate Diploma in Economics and Commerce, students must complete:

(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.) 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
• 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.)

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

Related Disciplines:

Students may be interested in the following disciplines which have some relationship to Corporate Law:

• Econometrics
• Economics
• Health economics

Graduate Student Office

Telephone: +61 3 9903 1400

Fax: + 61 3 9903 1357

Email: buseco-postgrad@monash.edu.au

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