B5007 Graduate Diploma of Economic Analytics
Faculty of Business and Economics
Graduate Diploma of Economic Analytics (B5007) is a 1 years full-time, 48-credit-point, graduate diploma course from the Faculty of Business and Economics, taught at Caulfield. Map your units semester by semester with the MonMap planner.
- Credit points
- 48
- Duration
- 1 years full time
- 2 years part time
- Campus
- Caulfield
- On campus
This is the 2021 handbook entry. See the 2027 entry.
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Requisite map
Overview
The Graduate Diploma of Economic Analytics can be completed in just one year and provides advanced knowledge of economic policy, data-driven economic decision making, forecasting and econometrics. It will enable you to upskill and deepen your understanding of economic analytics to launch or advance your career in this growing area.
You’ll complete eight units, with the course structured in two parts. Part A will introduce you to economics and econometrics at an advanced undergraduate and graduate level, which is perfect if you are new to the field. You’ll cover foundation units in macroeconomics policy, managerial economics, introductory econometrics and mathematics for business.
If you have relevant academic qualifications you will only need to complete Part B, meaning that you can complete the course in just six months. Part B delves deeper into the application of economic analytics, combining theory with practice. You will gain insights in data visualisation and data analysis, cost benefit analysis and economic decision making, as well as the application of microeconomics and industry economics, econometrics and business forecasting. You will also be able to take part in in-class coding labs.
As part of this course you will be studying master’s level units, which will count towards a Master’s level qualification should you want to expand your knowledge further in the future.
Course structure
Part A. Advanced preparatory24 credit points
Part B. Mastery knowledge24 credit points
- ETF5922Data visualisation and analyticsNo reviews yet6 cp
- ETC5510Introduction to data analysisNo reviews yet6 cp
Economics units
12 credit pointsEconometrics unit
6 credit pointsThe handbook's description of this structure
This course is structured in two parts Part A. Advanced preparatory and Part B. Mastery knowledge. All students complete Part B. Depending upon prior qualifications, you may receive credit for Part A.
Part A. Advanced preparatory
These studies will introduce you to economics and econometrics at advanced undergraduate and graduate level. They are intended for students whose previous qualification is not in a cognate field. Students admitted to the course, who have a recognised degree or a graduate certificate in a related discipline will receive credit for this part.
Part B. Mastery knowledge
These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of a specialised area to provide discipline based solutions.
Entry points
Depending on prior qualifications you may receive entry level credit (a form of block credit) which determines your point of entry to the course:
- If you are admitted at entry level 1 you complete 48 points, comprising Parts A and B
- If you are admitted at entry level 2 you complete 24 points, comprising Part B
Note: If you are eligible for credit for prior studies you may elect not to receive the credit and complete one of the higher credit-point options.
Course progression map
The course progression map provides guidance on unit enrolment for each semester of study.
This course comprises 48 points structured in two parts Part A. Advanced preparatory (24 points) and Part B. Mastery knowledge (24 points).
Units are 6 points unless otherwise stated.
Part A. Advanced preparatory (24 points)
You must complete:
- ECF5923 Macroeconomics policy
- ECF5927 Managerial economics
- ETF5910 Introductory econometrics
- ETF5970 Mathematics for business
Part B. Mastery knowledge (24 points)
You must complete:
- ETF5922 Data visualisation and analytics or ETC5510 Introduction to data analysis
Two units (12 points) from the following:
- ECF5410 Applied microeconomics
- ECF5560 Cost benefit analysis and economic decision making
- ECF5040 Industry economics
- ECF5421 Applied macroeconomics
- ECX5479 Project evaluation
One unit (6 points) from the following:
- ETF5320 Applied econometrics
- ETF5231 Business forecasting
- ETC5341 Applied econometrics
Learning outcomes
These course outcomes are aligned with the Australian Qualifications Framework and Monash Graduate Attributes.
Upon successful completion of this course it is expected that you will be able to:
- 1
be a critical and creative scholar who:
- produce innovative solutions to problems
- apply research skills to business challenges
- communicate effectively and perceptively
- 2
be responsible and effective global citizens who:
- engage in an international world
- exhibit cross-cultural competence
- demonstrate ethical values
- 3
demonstrate functional knowledge of economics and econometrics in order to progress towards professional careers in private, public or institutional sector as economists or consultants
- 4
be able to provide data-based decision-making relevant to the business, professional and public policy communities we serve
Entry requirements
English language
Monash minimum: Level A, that is: IELTS (Academic): 6.5 overall (no band lower than 6.0); or Pearson Test of English (Academic): score of 58 overall with no band lower than 50; or TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18; or Equivalent approved English test
More information
Progression to further studies
Successful completion of this course may provide a pathway to the Master of Applied Economics and Econometrics, or another Master course in the Faculty of Business and Economics subject to satisfying the appropriate entry requirements.
Other information
The Graduate Diploma of Economic Analytics can be completed in just one year and provides advanced knowledge of economic policy, data-driven economic decision making, forecasting and econometrics. It will enable you to upskill and deepen your understanding of economic analytics to launch or advance your career in this growing area.
You’ll complete eight units, with the course structured in two parts. Part A will introduce you to economics and econometrics at an advanced undergraduate and graduate level, which is perfect if you are new to the field. You’ll cover foundation units in macroeconomics policy, managerial economics, introductory econometrics and mathematics for business.
If you have relevant academic qualifications you will only need to complete Part B, meaning that you can complete the course in just six months. Part B delves deeper into the application of economic analytics, combining theory with practice. You will gain insights in data visualisation and data analysis, cost benefit analysis and economic decision making, as well as the application of microeconomics and industry economics, econometrics and business forecasting. You will also be able to take part in in-class coding labs.
As part of this course you will be studying master’s level units, which will count towards a Master’s level qualification should you want to expand your knowledge further in the future.
Common questions
How long is Graduate Diploma of Economic Analytics ?
1 years full time, 48 credit points. At 24 credit points a semester, that is 2 semesters of full-time study.
Where can I study Graduate Diploma of Economic Analytics ?
At Caulfield.
How do I plan my Graduate Diploma of Economic Analytics units?
Open the course in the MonMap planner. It lays out your semesters, checks prerequisites as you drag units in, and tracks the credit points each requirement still needs.