The University of Melbourne

Graduate Diploma in Economics

Nationally Recognised Higher Education

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.

Delivery mode

The University of Melbourne offers this course through the following delivery modes:

On campus

Work with instructors and classmates in a supportive and collaborative environment.


Locations
  • Grattan Street, Parkville

Entry requirements

Domestic Students

  • There are no mandated entry requirements.

In order to be considered for entry, you must have completed:

  • An undergraduate or postgraduate degree with a strong analytical or mathematical component and with a weighted average mark of at least H2A (75%);
  • the Graduate Records Examination (GRE) unless the applicant has completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GMAT or GRE exemption; and
  • A statement of intent outlining why they wish to be considered for the course.

Notes:

1. To meet the analytical or mathematical prerequisite requirements, applicants with an economics background will normally be required to have a major in economics including calculus-based economics subjects plus an econometrics subject with a weighted average mark of at least H2A (75%) across the major.

2. Applicants from a non-economics background require an undergraduate major of a mathematical/analytical nature including calculus, linear algebra and statistics subjects with a weighted average mark of at least H2A (75%) and will also be required to have completed microeconomics and macroeconomics subjects at least at the second year level.

In order to be considered for entry, you must have completed:

  • An undergraduate or postgraduate degree with a strong analytical or mathematical component and with a weighted average mark of at least H2A (75%);
  • the Graduate Records Examination (GRE) unless the applicant has completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GMAT or GRE exemption; and
  • A statement of intent outlining why they wish to be considered for the course.

Notes:

1. To meet the analytical or mathematical prerequisite requirements, applicants with an economics background will normally be required to have a major in economics including calculus-based economics subjects plus an econometrics subject with a weighted average mark of at least H2A (75%) across the major.

2. Applicants from a non-economics background require an undergraduate major of a mathematical/analytical nature including calculus, linear algebra and statistics subjects with a weighted average mark of at least H2A (75%) and will also be required to have completed microeconomics and macroeconomics subjects at least at the second year level.

English Language Criteria

  • IELTS: 6.5 (with no band less than 6.0)
  • TOEFL (paper test): 577 with TWE 4.5
  • TOEFL (internet): 79 with Writing 21, Speaking 18, Reading 13, Listening 13
  • Pearson Test of English (Academic): 58-64 inclusive and no communicative skill below 50
Additional requirements may apply.

Course fees

Estimated Fee* $34,816 - $52,512 Fees are based on full-time study.
* Fees are indicative only and vary based on your circumstances and eligibility for government funding.
Standard Tuition:
$34,816
Full Fee Tuition:
$52,512
Enquire with The University of Melbourne to find out more.
Study mode On Campus
Duration 12 Months
Estimated fee* $34,816 - $52,512 Support may be available

Career opportunities

The Graduate Diploma in Economics will prepare you for the following roles.

Economist

An Economist analyses financial information and makes recommendations based on that research. You might provide advice to large organisations such ...

Avg yearly income $109,200
Entry barriers Low

Policy Officer

A Policy Officer conducts research and analysis into policies affecting a range of sectors. You might liaise with stakeholders and examine policies...

Avg yearly income $98,020
Entry barriers Low

Policy Analyst

A Policy Analyst provides advice and recommendations on policies affecting government departments, commercial businesses and not-for-profit organis...

Avg yearly income $96,720
Entry barriers Low

Economic Analyst

An Economic Analyst studies economic data and trends to provide insights and forecasts that help businesses and governments make informed decisions...

Avg yearly income $96,200
Entry barriers Low

Policy Adviser

A Policy Adviser helps to develop and improve policies impacting on government departments, commercial businesses and not-for-profit organisations....

Avg yearly income $113,620
Entry barriers Low

About The University of Melbourne

Welcome to the University of Melbourne. We are Australia’s leading research university, with a 165-year-long tradition of higher education in the arts, sciences and numerous professional disciplines.

At Melbourne, we take delight through our on-campus teaching and graduate online programs in helping undergraduate and postgraduate students from Australia and many other countries to achieve globally recognised qualifications. The educational experience here prepares well-rounded graduates who are academically outstanding and practically grounded.

We also support and encourage internationally-connected research collaborations around basic and applied problems, in the hope of changing the world for the better.