Postgraduate Diploma in Economics PostgradDipEc

Important information
General
Course objectives
Entrance requirements
Fees
Duration
Mode of offering
Credit for work done previously
Course structure
Progression to further studies

The Postgraduate Diploma in Commerce or Postgraduate Diploma in Economics provide a fourth year of study for those wishing to extend their knowledge of the areas of accounting and finance, econometrics, economics or management.

Course objectives

On completion of the course students should:

be familiar with current developments in one of the areas of accounting and finance, business management, econometrics, economics at an advanced level;
have the knowledge to undertake graduate study in one of the areas of accounting and finance, business management, econometrics and economics;
have developed their analytical and technical skills which will assist in problem solving;
have sufficient knowledge to undertake further research in one of the areas of accounting and finance, business management, econometrics and economics;
have had the opportunity to develop the skills, knowledge and motivation necessary for further graduate level studies.

Entrance requirements

An applicant for admission to candidature to either the Postgraduate Diploma in Commerce or the Postgraduate Diploma in Economics require a pass degree in the proposed discipline area of study (namely economics, economic history, econometrics, accounting and finance, business management) with an average grade of 70 per cent or above from a recognised tertiary institution. Applicants lacking some of the necessary background may be considered for admission subject to successful completion of preliminary undergraduate subjects in the area of deficiency.

Fees

The Postgraduate Diploma in Commerce and the Postgraduate Diploma in Economics are HECS-based courses.

Duration

Normally two semesters of full-time study or four semesters of part-time study.

Mode of offering

This course is offered on-campus at the Clayton campus.

Credit for work done previously

No credit for work done previously is available in these postgraduate diplomas.

Course structure

The course entails the satisfactory completion of six level-four subjects and a policy seminar.

Accounting and finance specialisation

1 Three subjects selected from:

AAF4100 Research methods in accounting and finance
AAF4120 Financial accounting theory
AAF4130 Management accounting
AAF4140 Corporate financial theory
AAF4150 Advanced taxation
AAF4160 Issues in auditing
AAF4170 Analysis of financial statements
AAF4180 Securities regulation

2 Three subjects chosen from:

other level-four subjects offered by the Department of Accounting and Finance;
other level-four subjects offered by the departments of Economics or Econometrics (Clayton) subject to the approval of the head of the departments from which the subjects are taken.

In special circumstances, the head of the Department of Accounting and Finance may approve as one of the three core subjects a special subject which is based on a level-three undergraduate subject taught by the Department of Accounting and Finance. Students may be allowed to take up to two subjects from another faculty where they are complementary to the Graduate Diploma in Commerce program. Enrolment in such courses must be approved by the head of the Department of Accounting and Finance.

3 Policy seminar:

AAF4860 Economics and commerce issues seminar

Econometrics specialisation

1 At least three core subjects, including at least one of ECM4400 and ECM4410:

ECM3430 Applied econometric modelling
ECM3450 Forecasting for business and economics
ECM3460 Financial econometrics
ECM4400 Econometric theory
ECM4410 Applied econometrics
ECM4420 Microeconometrics
ECM4430 Quantitative economic policy
ECO4850 Mathematical economic theory

2 Three optional subjects selected from the above subjects or from any of the subjects available to a Bachelor of Economics honours student in econometrics.

3 Policy seminar

ECM4860 Economics and commerce issues seminar.

Economics specialisation

1 Two core economics subjects:

ECO4650 Microeconomics
ECO4660 Macroeconomics

2 One quantitative subject chosen from:

ECM2400 Econometrics
ECM3400 Econometric theory
ECM3410 Applied econometrics
ECM3440 Practical econometrics

The subject selected will depend on previous training in quantitative methods. Students who have previously completed a subject or subjects equivalent to these quantitative subjects will be required to substitute another subject from the list of optional subjects.

3 Optional subjects as follows:

not more than one third-year level subject taught by the Departments of Economics or Econometrics (Clayton) and available in the Bachelor of Economics degree;
fourth-year level subjects from the honours program in the Departments of Economics or Econometrics (Clayton), including graduate subjects available to honours students.

4 Policy seminar

ECO4860 Economics and commerce issues seminar.

Economic history specialisation

1 Two core economic history subjects:

ECO4530 Economic history

and one other subject taken from the following:

ECO4510 Economic history of contemporary Europe
ECO4540 History of economy and environment
ECO4550 Population and development

2 Two economics subjects chosen from:

ECO2000 Intermediate microeconomics
ECO2010 Intermediate macroeconomics
ECO3660 Monetary economics
ECO3680 Economic growth
ECO3690 International economics
ECO3710 Labour economics
ECO3810 Public finance

The subjects selected will depend on previous training in economics. Students who have previously completed a subject or subjects equivalent to these economics subjects will be required to substitute another from the list of optional subjects.

3 Two optional subjects at least one of which must be an economic history subject:

not more than one third-year level subject taught by the departments of Econometrics (Clayton) or Economics, available in the Bachelor of Economics degree;
third year level economic history subjects;
fourth-year level subjects from the honours program in the Departments of Economics or Econometrics (Clayton), including those graduate subjects available to economic history honours students.

4 Policy seminar

ECO4860 Economics and commerce issues seminar

Management specialisation

1 Three level-four subjects offered by the Department of Business Management (Clayton).

2 Three subjects chosen from:

other level-four subjects offered by the Department of Business Management (Clayton);
other level-four subjects offered by the departments of Accounting and Finance, Econometrics (Clayton campus) or Economics subject to the approval of the heads of the departments from which the subjects are taken.

In special circumstances, the head of the Department of Business Management may approve as one or more of the three core subjects special subjects based upon graduate, or level-three undergraduate, subjects taught in the Department of Business Management (Clayton). Students may not take more than one level-three subject in this way. Students may be allowed to take up to two subjects from another faculty, or other campuses at the Department of Business Management, where they are complementary subjects. Approval for all subject combinations must be approved by the head of the Department of Business Management.

3 Policy seminar:

MGC4860 Economics and commerce issues seminar

Progression to further studies

Students who successfully complete either the Postgraduate Diploma in Commerce or the Postgraduate Diploma in Economics with an average grade of 70 per cent or above may apply for admission to either the Master of Commerce or Master of Economics.

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