What is it about?

If you are looking for flexibility by completing a shorter graduate qualification in economics, the Melbourne Business School's Graduate Diploma in Economics provides this. You should acquire and be able to apply the skills of a professional economist at an honours level. Those with good results will be eligible for graduate level study in economics and econometrics at the Masters and Graduate Research levels.

The Graduate Diploma in Economics consists of eight 12.5 point subjects, and will normally be completed in one year of full-time study or two years part-time. The 100 point program comprises of:

• 2 core economics subjects
• 1 quantitative subject
• 5 elective subjects

If you successfully complete the Graduate Diploma in Economics, you may be eligible to progress to Year Two of the Master of Economics.

Our graduates have gone on to some successful and varied careers. These are just some examples:

• Economist, Reserve Bank of Australia
• Economist, Productivity Commission
• Research Fellow, Australian National University
• Senior Commercial Analyst, Telstra
• Network Strategy Consultant, Ericsson
• Economist, Victorian Department of Treasury and Finance

Practical Skills

You will leave the degree with a number of essential skills, including the ability to:

• Be a critical thinker in relation to microeconomics, macroeconomics and econometrics
• Be analytical in the application of economics and econometrics theory, knowledge, principles, techniques and data

Melbourne Business School students are also offered the opportunity to develop their employability skills through our Skills Workshops.

To be considered for entry into this course, you must: Have completed an undergraduate or postgraduate degree with a strong analytical or mathematical component with a Weighted Average Mark (

IELTS (academic English Only): 6.5 (no band less than 6.0)
TOEFL Internet-based test: 79 + ; Writing 21; Speaking 18; Reading 13; Listening 13;
Pearson Test of English Academic: 58 + no communicative skill below 50
Cambridge English: Advanced/ Certificate of Advanced English (CAE): 176 + no skill below 169.