Economic Analytics - B5007
Graduate diploma
With resources scarce and demands ever-changing, economics provides a vital framework for understanding how choices are made in everyday life - from personal spending to global trade. At the heart of this discipline are analytical thinkers who help businesses thrive, inform policy decisions, and tackle some of society’s biggest challenges.
If you’re looking to dive deeper into the data-driven, analytical world of economics, the Graduate Diploma of Economic Analytics is a focused, forward-thinking first step.
MAKE YOUR NEXT MOVE
Throughout the program, you’ll be introduced to economics at an advanced undergraduate or graduate level. That means diving deeper into key aspects of modern economics – from policy development, forecasting and econometrics to microeconomics and macroeconomics. Since data plays such a significant role in economics, you’ll also build your skills in data visualisation and analysis – and can take part in coding labs as well.
ELEVATE YOUR EXPERTISE
You’ll complete the program with a clearer idea of the ins and outs of contemporary economic thinking today – and of the future trends that are shaping the industry too. You can choose to take this understanding back into your business career or expand your knowledge through a master’s (as you’ll be studying master’s level units as part of this course).
While the course takes one year to complete full-time, relevant experience means you could finish the program in as little as six months.
Ready to explore the world of economics and where it could take your career?
At a glance
Course Details
Location |
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Duration |
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Start date |
Semester one (February), Semester two (July) |
Qualification |
Graduate Diploma of Economic Analytics |
Entry Requirements
You need to satisfy the following entrance requirements to be considered for entry to this course.
Minimum Entry Requirements (International students)
Qualifications
Entry level 1: Duration: 1 year full time, 2 years part time (48 credit points to complete ) | An Australian bachelor 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). |
Entry level 2: Duration: 0.5 year full time, 1 year | An Australian bachelor 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. OR An Australian bachelor 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. OR 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 entry requirements
Level A
| IELTS (Academic): 6.5 Overall score, with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0 | or | Pearson Test of English (Academic): 58 Overall score, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50 | or | TOEFL iBT: 0 - 120 scale: 1 - 6 scale: | or |
Courses that require English Level A only: Other approved English tests (minimum entry scores apply) Courses with English Level B, C, D, E and F: Other approved English tests (higher entry scores apply than specified) |
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.
The course structure and progression map can be viewed in the Handbook.
Making the application
Future students
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
Fees are subject to change annually.
International fee
Fees are per 48 credit points which represents a standard full-time course load for a year. The fees for 2026 are:
A$59,900
Scholarships
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.
Enrolment Obligations
International students enrolling in a CRICOS-registered course can study no more than one third (33%) of their course by distance and/or online learning. Students must enrol in at least one unit that is not by distance and/or online in each compulsory study period unless the student is completing the last unit of their course. See standard 8.19 and 8.20 of National Code of Practice for Providers of Education and Training to Overseas Students 2018.
CRICOS code: 103503J
International course guides
If you are an international student and wish to find out more about our courses, entry requirements, studying at Monash and more, please download our international course guides below.
International Study Grants
