Economic Analytics - B5007

Economic Analytics

Graduate diploma

A Graduate Diploma of Economic Analytics will provide you with advanced knowledge of economic policy, data-driven economic decision making, forecasting and econometrics.

This graduate diploma is perfect if you’re new to the field, as you’ll be introduced to economics and econometrics at advanced undergraduate and graduate level. If you have relevant academic qualifications, you may be able to complete the course in just six months.

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 should you want to expand your knowledge further in the future.

At a glance

Course Details

  • On-campus at Caulfield: Full time & part time
  • 1 year (full time)
  • 2 years (part time)
Start date
Semester one (February), Semester two (July)
Graduate Diploma of Economic Analytics
Course Handbook

Entry Requirements

You need to satisfy the following entrance requirements to be considered for entry to this course.

Minimum Entry Requirements (Domestic students)


Entry level 1: Duration: 1 year full time, 2 years part time (48 credit points to complete )

An Australian bachelor degree (or equivalent), with a preferred Weighted Average Mark (WAM) of 60 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 year full time, 1 year 
part time (24 credit points to complete) 

An Australian bachelor degree (or equivalent qualification) in a cognate discipline with at least a credit (65%) average, or equivalent qualification and approved by the faculty.


An Australian bachelor degree (or equivalent qualification) and an Australian graduate certificate (or equivalent qualification) in a cognate discipline with at least a 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) with at least a credit (65%) average, or equivalent qualification and experience approved by the faculty and have passed a first year undergraduate statistics or mathematical units (or equivalent)

English requirements

Applicants must also meet the English language requirements.

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

Extra Requirements

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

This course is structured in two parts  Part A. Advanced preparatory and Part B. Mastery knowledge.

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code B5007.


Semester two (July)

Apply directly to Monash using course code B5007.


Current Monash students

You may apply to transfer from another Monash course. Transfers are a competitive process. You may apply mid-year for available courses however consideration will be given as to whether you will be able to follow your course progression.

Please note that if you apply for a course transfer, you should still enrol in your current course as if you were continuing so as not to jeopardise your enrolment in the Faculty if your transfer application is unsuccessful. More about Course Transfer...

Self assess for credit eligibility

Check for study credit using the "Credit search" link on the Credit for prior study page


Fees are subject to change annually.

Note Please note: The fee information displayed is based on the 2022 rates and should only be used as a guide.

Full fee

Fees are per 48 credit points which represents a standard full-time course load for a year.


Fee assistance

As a full fee-paying student, you may be eligible to apply for the optional FEE-HELP to assist you to pay all or part of your tuition fees.


We offer over 360 types of scholarships, valued at up to $280,000. Some scholarships offer one-off payments while others continue for the length of your course. Learn more about Monash Scholarships.

Other costs and fees

For information on other study costs and fees, see other study costs.