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Monash University

Monash University Handbook 2011 Postgraduate - Course

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)
Off-campus (Other-Aust)
Admission, fee and application details
Contact details

Graduate Student Office

Telephone: +61 3 9903 1400

Fax: +61 3 9903 1357


Course coordinator

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


  • Off campus mode is only available to a specific cohort of students.


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 has two main components:

  • two compulsory units
  • a major in either economics or econometrics.


Students must complete:

(a.) two core units (12 points):

(b.) a major from those listed under 'Areas of study'.

Minimum grade for articulation

Credit average

Areas of Study

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