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www.monash.edu/business-economics
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A world-class reputation
Monash University has an enviable reputation for teaching and research excellence across business disciplines. This reputation is built on our innovative and progressive approach to course delivery, and the strong links we have forged with commerce and industry both in Australia and overseas making Monash degrees truly international. Monash creates leaders who adapt and thrive in a rapidly changing business world. We are consistently ranked among the leading universities in the world, and our degrees are globally recognised, giving our graduates an extra edge to help them succeed in the international job market.
The Faculty of Business and Economics has been awarded international business school accreditation by the Association to Advance Collegiate Schools of Business (AACSB), the Brussels based European Quality Improvement System (EQUIS), and the Association of MBAs. Monash University is the first Group of Eight university to have achieved the esteemed triple crown business school accreditations by AACSB, EQUIS and AMBA. These globally-recognised accreditations place the university in the elite ranks of less than one per cent of business schools worldwide with triple crown accreditation. These accreditations establish the faculty as one of the worlds leading higher education institutions in business education. Further details on our accreditations can be found at: www.monash.edu/business-economics
The Faculty of Business and Economics offers an extensive choice of graduate business programs for students of varying backgrounds and aspirations. Whether you want to get ahead in your career, develop your expertise, or move into research and gain a PhD, Monashs business programs can give you a distinct advantage. Whats more, the range of full-time and part-time options means that its easy to structure your study around your lifestyle.
The rapid pace of change in todays business environment requires constant professional growth. Our business programs are designed to ensure that you are at the leading edge of your chosen field of endeavour.
Professor Colm Kearney Dean, Faculty of Business and Economics
The vision of the Faculty of Business and Economics is to be recognised as one of the worlds leading academies of scholarship in business, economics, and related disciplines, with the standing of our flagship activities verified by the most esteemed international arbiters of quality.
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Course code CRICOS code Duration Intake Campus Exit points 2014 fee (A$) Credit points Number of units Entry requirements
3816 050635F 1 year full time, 2 years part time* Semester 1 and Semester 2 On campus (Caulfield) Graduate Certificate in Business (24 points) Domestic: $24,700 International: $34,100 48 8 (2 core units, 4 units from a prescribed list, 2 elective units) An Australian bachelor degree or an equivalent qualification, and achieved a preferred Weighted Average Mark (WAM) of 60% or an equivalent GPA as determined by the Faculty. Applicants would normally require a credit or equivalent in an introductory statistics unit at tertiary level. Applicants will be ranked and selected based on their entire academic record.
*Due to unit prerequisites, students with no prior economics or statistics knowledge may need to take more than two semesters to complete this course.
Build your analytical capabilities into a competitive advantage in the market place
Units
> Introductory econometrics Plus one of the following units: > Mathematics for economics and business > Mathematics for business Plus four units from the following list, including at least one of those marked with an asterisk(*): > Actuarial statistics > Applied forecasting for business and economics > Probability and statistical inference for economics and business > Principles of econometrics > Applied econometrics > Bayesian modelling and risk analysis > Time series analysis for business and economics > Financial econometrics > Business modelling > Data analysis in business > Survey data analysis > Business forecasting > Quantitative methods for financial markets* > Quantitative models for business research*
Electives
You must undertake two graduate-level electives to complete this degree. Electives can be chosen from a broad list of subjects offered by the Faculty of Business and Economics or from another faculty within the university. For further information on electives go to: www.monash.edu/study
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Course code CRICOS code Duration Intake Campus Exit points 2014 fee (A$) Credit points Number of units Entry requirements
3822 053188M 1.5 years full time*, 3 years part time Semester 1 and Semester 2 On campus (Caulfield) Graduate Certificate in Business (24 points) Graduate Diploma in Applied Econometrics (48 points) Domestic: $24,700 International: $34,100 72 11 (4 core units, 4 units from a prescribed list, 3 elective units) An Australian bachelor degree or an equivalent, and achieved a preferred and a Weighted Average Mark (WAM) of 65% or an equivalent Grade Point Average (GPA) as determined by the faculty. Applicants must have achieved a credit or equivalent in an introductory multiple regression unit at a tertiary level Applicants will be ranked and selected based on their entire academic record.
*Due to unit prerequisites, students with no prior economics or statistics knowledge may need to take more than three semesters to complete this course.
Develop your quantitative skills and analytical capabilities into a competitive advantage in the market place
Core units
Course benefits
> Research topics in econometrics > Special topics in econometrics > Special reading unit 1 > Applied time series econometrics* > Applied financial econometrics > or units from above categories not previously taken. > The degree provides a pathway for students interested in pursuing a PhD. > The course gives you access to some of Australias renowned educators in the field of econometrics. Monash Universitys Department of Econometrics and Business Statistics is recognised for its outstanding strengths in research. > Our academics publish in a wide range of top ranking journals in econometrics, statistics and economics, and have been chief investigators in a high proportion of the Australian Research Council Discovery Grants. > This degree gives you the opportunity to study at a university that has been ranked 1st in the oceanic region for experimental economics.
Study a comprehensive curriculum including units in applied econometrics, time series analysis and forecasting, financial econometrics, microeconometrics and econometric theory
> Applied econometrics > Research project Plus one of the following units: > Mathematics for business > Mathematics for economics and business Plus one of the following units: > Quantitative methods for financial markets > Quantitative methods for business research > Principles of econometrics > Financial econometrics > Time series analysis for business and economics Plus four units from the following list, including the unit marked with an asterisk(*): > Econometric theory > Applied econometrics 2 > Microeconometrics > Financial econometrics 2 > Optimisation for management
Electives
You must undertake three graduate-level electives to complete this degree (subject to course coordinator approval). Units can be selected from a broad list of subjects offered by the Faculty of Business and Economics. Two electives may be taken from other faculties in the university. For more information on electives go to: www.monash.edu/study
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A Masters in Applied Econometrics is very well regarded in the market. I was offered several jobs in banking even during the biggest downturn in memory. Econometrics is an instant indicator of quantitative skills that are highly valued, and quite rare, giving you more freedom and more options. I chose to study at Monash because of the reputation of the university as a whole, and the Department of Econometrics in particular. The Master of Applied Econometrics opened up many many doors. I certainly wouldnt be living in Singapore and working in my current job without it.
Career outcomes
Graduates of this program are well prepared for professional careers in which econometrics is applied to quantitative analysis of many kinds of problems in economics, market research, finance, risk management, international business and many other areas. Econometric skills are in high demand in both private and public sectors. For example, the Australian Bureau of Statistics and the Treasury, in the public sector and financial institutions (bank and insurance companies) and in business consultancy firms in the private sector. Since 2007, there have been at least 16 graduates who continued their studies under PhD programs.
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Course code CRICOS code Duration Intake Campus Exit points 2014 fee (A$) Credit points Number of units Entry requirements
0172 013388A 1 year full time, 2 years part time# Semester 1 and Semester 2 On campus (Clayton) Graduate Certificate in Business (24 points) Domestic: $24,700 International: $34,100 48 8 (Economics stream: 3 core units, 5 units from a prescribed list Econometrics stream: 2 core units, 6 units from a prescribed list) An Australian bachelor degree or an equivalent qualification and achieved a Weighted Average Mark (WAM) of 55% or an equivalent GPA as determined by the Faculty. It is preferred that applicants have successfully completed year 12 mathematics or equivalent. Applicants will be ranked and selected based on their entire academic record.
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Master of Economics
The Master of Economics provides training in advanced economic tools, and will give you experience in undertaking independent research. The degree is designed for early career economists and recent economics graduates, who wish to acquire the skills needed to practice as professional economists conducting original and independent research. This degree also provides a pathway to a PhD.
4427 077369G 2 years full time Semester 1 On campus (Clayton) Domestic: $24,700 International: $34,100 96 14 (9 core units, 5 units from a prescribed list) An Australian bachelor degree or an equivalent qualification in mathematical or quantitative studies, or with a major in Economics, or the Economics stream in the Graduate Diploma in Economic Studies and a Weighted Average Mark (WAM) of 70% or an equivalent GPA as determined by the Faculty. Applicants will be ranked and selected based on their entire academic record.
Campus 2014 fee (A$) Credit points Number of units Entry requirements
Core units
> Microeconomics Plus two of the following units: > Public economics > Information, incentives and games > Any fourth year unit offered by the Department of Economics and not previously completed For more information on units go to: www.monash.edu/study > Macroeconomics > Research paper (12 points) > Microeconomic theory > Macroeconomic theory > Mathematical economic theory > Economics research paper (12 points) > Two econometrics units recommended or approved by the course coordinator Plus three of the following units: > Development economics > International trade policy > Competition, regulation and policy > Post-Keynesian economics > Law and economics > Project evaluation > Public economics > Welfare economics > Economics of industry, institution and organisation > Health economics > Economic evaluation of health services > Quantitative economic policy
Course benefits
> The Master of Economics is a research-led coursework masters program, where you will be expected and encouraged to present research ideas and concepts in a public setting. > The course content is directly informed by and reflects the current and ongoing research of our lecturing staff. > The course gives you access to some of Australias renowned educators in the field of economics. > Our economics department provides top level specialist advice to government and private sector bodies in Australia and internationally. It has developed advisory contacts in the Asia-Pacific region, as well as close connections with prestigious academic and policy formulating institutions in China, Europe and the United States.
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The Master of Economics is an effective path to pursue a PhD in Economics. Students are exposed to the latest analytic and quantitative research methodologies in economics. The advanced coursework and research component pairs students with our internationally-leading scholars to undertake original research projects so you will effectively grasp the skills in pursuing a scholarship career, or be qualified for an industry post with research responsibilities.
Career outcomes
Graduates from the Master of Economics will have the opportunity to work as professional economists, conducting rigorous and independent economic analysis for the public sector, mainly in government departments and allied agencies, as well as NGOs. Our graduates also work in consulting firms, research departments in banks and finance houses, and market research firms.
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Course code CRICOS code Duration Intake Campus Exit points 2014 fee (A$) Credit points Number of units
3842 060357G 1.5 years full time, 3 years part time Semester 1 and Semester 2 On campus (Caulfield) Graduate Certificate in Business (24 points) Graduate Diploma in Business (48 points) Domestic: $24,700 International: $34,100 72 12 (6 core units, 6 elective units) An Australian bachelor degree or an equivalent qualification with a major in economics, and a Weighted Average Mark (WAM) of 60% or an equivalent Grade Point Average (GPA) as determined by the faculty. Applicants will be ranked and selected based on their entire academic record.
Entry requirements
Core Units
> Applied economics issues research paper > Game theory and business strategy > Special research topics in applied economics > Applied microeconomics > Applied macroeconomics > one quantitative unit approved by the course coordinator
Electives
You must undertake six graduatelevel electives to complete this degree. Electives can be chosen from a broad list of subjects offered by the Faculty of Business and Economics. A maximum of four electives may be taken from other faculties in the university. For more information on electives go to: www.monash.edu/study
Course benefits
> The Master of Business Economics allows you to explore topics including industry analysis and business strategy, private and public project evaluation, regulation and competition policy, industrial organisation, and the impact of monetary and fiscal policy. > The course gives you access to some of Australias renowned educators in the field of economics. > Our economics department provides top level specialist advice to government and private sector bodies in Australia and internationally. It has developed advisory contacts in the Asia-Pacific region, as well as close connections with prestigious academic and policy formulating institutions in China, Europe and the United States.
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The Master of Business Economics will equip students with the inspiration and capabilities of using economics insights to understand this ever changing world. Our graduates work in the public sector with organisations such as the Department of Treasury in Australia and the Department of Finance in Indonesia, to analyse nation-wide macroeconomic issues. They have also been recruited by leading accounting and consulting firms, including PWC and KPMG, to advise on business strategies and international best practice. Our graduates have also attracted the attention of multinational enterprises including the Bank of China.
Career outcomes
The Master of Business Economics provides graduates with career opportunities in the public sector, across government departments, allied agencies and NGOs. Graduates can also work in the private sector in consulting firms, research departments in banks and financial institutions, as well as market research firms.
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Course code Duration Intake Campus 2014 fee (A$) Credit points Number of units Entry requirements
2681 1 year part time Semester 1 and Semester 2 Off campus (Clayton) Domestic: $22,000 International: $34,100 24 4 core units An Australian bachelor degree or an equivalent qualification. Applicants will be ranked based on relevant work experience and their entire academic record, with a 55% average preferred.
Core Units
> Introduction to microeconomic theory and policy > Introduction to health economics > Pharmaceutical economics > Introduction to epidemiology and biostatistics For further information on this course go to: www.monash.edu/study
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Course code Duration Intake Campus Exit points 2014 fee (A$) Credit points Number of units Entry requirements
3807 2 years part time Semester 1 and Semester 2 Off campus (Clayton) Graduate Certificate in Pharmacoeconomics (24 points) Domestic: $22,000 International: $34,100 48 8 (4 core units, 4 elective units) An Australian bachelor degree or an equivalent qualification. Applicants will be ranked based on their entire academic record, and a 55% average is preferred with due consideration given to relevant employment experience.
Core units
> Introductory microeconomic theory and policy > Introduction to health economics > Applied health economics and health policy Plus one of the following units: > Pharmaceutical economics > Economic evaluation in health care
Electives
You must undertake four electives to complete this diploma. These electives must be chosen from a prescribed list. For more information on electives go to: www.monash.edu/study
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Coursework programs
Most of our coursework degrees comprise 12 units. Full-time students normally undertake four units per semester and part-time students normally undertake two units per semester. In some courses, you are able to exit your masters degree early with a graduate certificate (four units) or a graduate diploma (eights units). In some disciplines, you are eligible to enrol in a graduate or postgraduate diploma and, after completion of eight units, articulate into a relevant masters degree. Many of our coursework programs also offer a research stream, which serves as a prerequisite for undertaking a PhD. For more information on our postgraduate programs go to www.monash.edu/study
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Business
Graduate Certificate in Business Graduate Diploma in Business Master of Business Master of Business Law Master of Business (Science and Technology)
Graduate Diploma in Applied Econometrics Master of Applied Econometrics Graduate Diploma in Economic Studies Master of Economics Master of Business Economics Graduate Certificate in Pharmacoeconomics Graduate Diploma in Health Economics and Policy
Marketing
Management
Graduate Diploma in Human Resource Management Master of Human Resource Management Master of Management
International Business
Master of International Business
Business Administration
Monash MBA Monash Executive MBA
Master of Applied Finance/ Master of Applied Econometrics Master of Applied Finance/ Master of Business (Accounting) Master of Business/ Master of Professional Accounting Master of International Business/Master of European and International Studies Master of Journalism/ Master of Business Master of Professional Accounting/ Master of Business Law Master of Business (Accounting)/Master of Business Law
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For more information on credit and exemptions for previous postgraduate study, please email enquiries.Caulfield@monash.edu or phone (613) 9903 1400.
Fees
To study at Monash University you must pay tuition fees to the university. Tuition fees vary for different courses. Indication tuition fees are detailed in the course tables of this guide. However, please check Monash course finder www.monash.edu/study/coursefinder and www.monash.edu/fees Postgraduate coursework programs are full-fee places. The tuition fees quoted are for 48 credit points unless otherwise stated in the course tables and only applicable to a course commencing in the year stated in the table. Tuition fees for course commencement in coming years will be different. Monash University reserves the right to adjust annual tuition fees for future years of your course. However, Monash University undertakes that any adjustment factor for those continuing students will not exceed six per cent per annum. Any adjustment will be applied on the first day of January each year for teaching periods within the census date thereafter.
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Apply Now
Application closing dates
Entry in Semester 1 31 January 2014 Entry in Semester 2 30 June 2014 Semester Dates 2014 Semester 1 3 March - 30 May Semester 2 28 July - 24 October
Further information
Postgraduate Student Services Office Faculty of Business and Economics
Monash University Building N, Level 4 27 Sir John Monash Drive Caulfield East, Victoria 3145, Australia Telephone: 61 3 9903 1400 or 61 3 1300 784 990 Email: enquiries.caulfield@monash.edu www.monash.edu/business-economics
CRICOS provider: Monash University 00008C Monash University reserves the right to alter information, procedures, fees and regulations contained in this document. Please check the Monash University website for updates (www.monash.edu.au). All information reflects prescriptions, policy and practice in force at time of publication. Published July 2013.