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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 titleGradDipAppEcmets
CRICOS code050635F
Total credit points required48
Standard duration of study (years)1 year FT, 2 years PT
Study mode and locationOn-campus (Caulfield)
Admission, fee and application details
Contact details

Graduate Student Office

Telephone: +61 3 9903 1400

Fax: +61 3 9903 1357


Course coordinator

Ms Gerrie Roberts


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.


Students must complete:

(a.) one core unit (6 points)

(b.) one of the following units (6 points)

  • ETC2440 Mathematics for economics and business
  • ETF2700 Mathematics for business

(c.) four units (24 points) from the following list, including at least one of those marked with an asterisk (*):

  • ETC2430 Actuarial statistics
  • ETC2450 Applied forecasting for business and economics
  • ETC2520 Probability and statistical inference for economics and business
  • ETC3400 Principles of econometrics
  • ETC3410 Applied econometrics
  • ETC3420 Bayesian modelling and risk analysis
  • ETC3450 Time series analysis for business and economics
  • ETC3460 Financial econometrics
  • ETF2480 Business modelling
  • ETF3200 Quantitative business analysis*
  • ETX2121 Data analysis in business
  • ETX3231 Business forecasting
  • ETF3300 Quantitative methods for financial markets*
  • ETF3600 Quantitative models for business research*

(d.) a further two units (12 points) subject to the following conditions:

  • may be taken from disciplines offered by another faculty
  • may be taken from any Faculty of Business and Economics programs and campuses.

Additional degree requirements:

  • Students with suitable backgrounds may be permitted to substitute approved alternative units for those required in (a.) and (b.) above.

Progression to further studies

Students who successfully complete the Graduate Diploma in Applied Econometrics may be eligible for admission to 3822 Master of Applied Econometrics.

Alternative exit(s)

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