Graduate Diploma of Economic Analytics

What you will study

To complete the Graduate Diploma of Economic Analytics, you must complete eight units (48 credit points). It consists of Part A. Advance preparatory four units (24 credit points) and Part B. Mastery Knowledge four units (24 credit points).

Part A. Advance preparatory (six credit points each)

• Macroeconomic policy
• Managerial economics
• Introductory applied econometrics
• Mathematics for busines 

Part B. Mastery Knowledge (six credit points each)

You must complete one of the following units and 18 credit points from the Economics and Econometrics units below:

• Data visualisation and analytics
• Introduction to data analysis

Economics units (six credit points each)

You must complete 12 credit points from the following units:

• Industry economics
• Applied microeconomics
• Applied macroeconomics
• Cost-benefit analysis and economic decision-making
• Design and evaluation of economic, public, and social programs
• Empirical strategies for policy evaluation

Econometrics unit (six credit points each)

You must complete one of the following units:

• Applied econometrics
• Business forecasting
• Applied econometrics

Entry requirements

Entry level 1: Duration: One year full-time, two years part-time (48 credit points to complete)

An Australian bachelor's degree (or equivalent), with at least a credit 60% average or equivalent GPA and have passed a first year undergraduate statistics or mathematical unit (or equivalent). Applicants will be ranked and selected based on their entire academic record.

Entry level 2: Duration: 0.5 years full time, one year part-time (24 credit points to complete)

An applicant must have one of the following:

• An Australian bachelor's degree (or equivalent qualification) in a cognate discipline* with at least a high credit (65%) average or equivalent qualification and experience approved by the faculty.
• An Australian bachelor's degree (or equivalent qualification) and an Australian graduate certificate (or equivalent qualification) in a cognate discipline* with at least a high credit (65%) average in both qualifications or equivalent qualification and experience approved by the faculty.
• A four-year Australian bachelor honours degree (or equivalent qualification) in a cognate discipline* with at least a high credit (65%) average or equivalent qualification and experience approved by the faculty.

*Cognate disciplines include Business, Commerce, Economics, Econometrics, Management, Mathematics, and Statistics.

English language requirements

For entry to Monash University, you must meet the minimum English language requirements. You can do this by completing one of the qualifications listed on their website.

If you've completed several measures of English proficiency over a period of time, the highest valid measure will be accepted as long as it's been taken within the required time limitations.

Minimum entrance requirements apply for admission to Monash University Australia.

Applicants must have successfully completed a first-year undergraduate statistics unit or provide evidence of qualifications/training or experience that the faculty considers equivalent.

Recognition of Prior Learning

You may be able to get credit for your course based on prior formal, non-formal or informal learning. To apply, you will need to provide supporting documentation outlined by the university. Contact the university for more information.

Outcomes

Learning outcomes

• Be a critical and creative scholar who:
  • Produce innovative solutions to problems.
  • Apply research skills to business challenges.
  • Communicate effectively and perceptively.
• Be responsible and effective global citizens who:
  • Engage in an international world.
  • Exhibit cross-cultural competence.
  • Demonstrate ethical values.
• Demonstrate functional knowledge of economics and econometrics in order to progress towards professional careers in private, public or institutional sectors as economists or consultants.
• Be able to provide data-based decision-making relevant to the business, professional and public policy communities we serve.

Fees and FEE-HELP

Average 2025 first-year fee: $37,100 (domestic full-fee paying place)

All costs are calculated using current rates and are based on a study load of 24 credit points (normally four units) per semester or 48 credit points (normally eight units) per year.

A student’s annual fee may vary in accordance with:

• The number of units studied per term. 
• The choice of major or specialisation.
• Choice of units. 
• Credit from previous study or work experience.
• Eligibility for government-funded loans.

Student fees shown are subject to change. Contact the university directly to confirm.

FEE-HELP loans are available to assist eligible full-fee paying domestic students with the cost of a university course.