Graduate Diploma in Economics

• Understand, apply and critically evaluate the key concepts and techniques of microeconomics, macroeconomics and econometrics;
• Apply their analytical skills developed as a result of the knowledge gained primarily from the in-depth study in selected elective subjects in economics;
• Access economic data, summarise and interpret the data, and combine economic models and data;
• Build and apply economic models for purposes of description, for forecasting, and for assessing business and household decision options and government policy options;
• Explain, apply and critically evaluate the application of economic models to describe choice decisions of firms, households and governments, and to measure and evaluate the performance of the economy;
• Interpret and critically evaluate economic studies using econometric methods, as well as econometric studies reported in the literature and in reports issued by governments and the private sector.

On successful completion of this course, students should have enhanced their skills in:

• Evaluation of ideas, views and evidence;
• Synthesis of ideas, views and evidence;
• Strategic thinking;
• Critical thinking;
• Research;
• Summary and interpretation of information;
• Using computer programs;
• Statistical reasoning;
• Problem solving;
• Collaborative learning and team work;
• Written communication;
• Oral communication.

Three core subjects:

At least one of:

and at least one of:

Elective subjects selected from:

• At least two level 3 subjects taught by the Department of Economics.
• Remaining subjects to be chosen from level 2 and level 3 subjects taught by the Department of Economics.

The minimum entry requirement is a three-year undergraduate degree from a recognised Australian university and a study score of at least 25 in Maths Methods in VCE in units 3 and 4, or equivalent

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Please note:

Entry to the Graduate Diploma in Economics will not be available from Semester 1, 2009.

1. Entry to the Postgraduate Diploma in Economics would be available to students who complete 316-312 and 316-313 with an average grade of 70% or above, and who complete either 316-205 or 316-206;

2. Students in the Graduate Diploma are allowed to undertake 316-101 and 316-102 in the same semester;

3. Students who have already completed core subjects in the Graduate Diploma would substitute those subjects for level 2 or level 3 subjects taught by the Department of Economics.

4. Students can commence the program in either Semester 1 or Semester 2.

5. This program is available to study on a part-time basis only.

Assessment

Students must pass all eight subjects to qualify for the Graduate Diploma in Economics.