Postgraduate - Area of study Economics and econometrics

Economics provides training in logical thought and analysis which can be applied widely in everyday decision-making, not just to matters which are usually labelled 'economic'. The underlying philosophy of the faculty's 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, 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.

Study 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 master's and PhD level, including at international universities.