Global Business and Applied Econometrics - B6045

Global Business and Applied Econometrics

Master's degree/Master's degree

There are all kinds of forces and factors that influence the global business landscape. To better know how to prepare for and navigate through some of these phenomena, business has drawn on the power of empirical data modelling to second-guess the future. This takes the expertise of professionals with an advanced understanding of econometrics – and the ways quantitative data can lead to innovative solutions.

Throughout this two-year double masters’ degree, you’ll gain an advanced understanding of the analytical and technical skills needed to apply econometric thinking to a number of global business challenges. As you build this skillset, you’ll also develop a deeper understanding of the contemporary challenges global businesses face today opening all kinds of opportunities for a more impactful career.

To understand the course structure, please refer to the table below. For comprehensive unit information, click on the Course Handbook button.

The program will build on your current study and work experience, so you become more familiar with the latest econometric, statistical and data analytics tools. You’ll enhance your skillset to offer data-driven solutions that address industry challenges in areas including economics, finance, risk analysis and forecasting – and more broadly in areas such as health, poverty, energy and climate change.

Complementing your expertise in quantitative modelling, forecasting and data will be the global insight that’s so essential for a rewarding international career. So by the time you complete both degrees, you’ll have deepened your understanding of the economic, social and political factors affecting businesses around the globe – and be more capable of using your quantitative, analytical skills to uncover opportunities for change and progress.

Ready to tap into the power of data to drive real change in the world – and in your career?

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At a glance

ATAR explained

Course Details

Location
  • On-campus at Caulfield: Full time & part time
Duration
  • 2 years (full time)
  • 4 years (part time)
Start date
 First semester (February) and Second semester (July)
Qualification
 Master of Applied Econometrics, Master of Global Business
Fees

Information about fees

Course Handbook

Over the course of this double degree you’ll become more familiar with the latest econometric, statistical and data analytics tools. More specifically, how you can use these tools to offer data-driven solutions in areas including empirical economics and finance, risk analysis, forecasting, health economics, energy, and climate change.

The course will further your expertise in one of the following themes:

  • Macro and financial econometrics
  • Micro and health econometrics
  • Data analytics for energy and climate

You’ll complement this understanding with a greater awareness of the global business environment – and how this context impacts business strategy, government, diplomacy, trade, sustainability, social responsibility, intercultural communication and more.

Pathways to further progress

High-performing students can use the program to prepare for a subsequent PhD program. You can also choose to take part in international study tours.

Please select a specialisation for more details:

Entry Requirements

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

Minimum Entry Requirements (Domestic students)

Qualifications

An Australian bachelor degree (or equivalent) with at least a high credit (65%) average or equivalent Grade Point Average in a STEM or business area that includes a 1st year statistics or mathematics unit or equivalent.

English requirements

Applicants must also meet the English language requirements.

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

The course structure and progression map can be viewed in the Handbook.

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code B6045.

Apply

Semester two (July)

Apply directly to Monash using course code B6045.

Apply

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.

Full fee

Fees are per 48 credit points which represents a standard full-time course load for a year. The fees for 2026 are:

A$38,000

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.

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.