What will I learn?

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.

The Graduate Diploma in Economics consists of eight 12.5 point subjects, and will normally be completed in one year of full-time study or two years part-time. The 100 point program comprises of:

2 core economics subjects
1 quantitative subject
5 elective subjects

Employment Opportunities

Graduates of this program have found employment in the following roles:

  • Economist, Reserve Bank of Australia
  • Economist, Productivity Commission
  • Research Fellow, Australian National University
  • Senior Commercial Analyst, Telstra
  • Network Strategy Consultant, Ericsson
  • Economist, Victorian Department of Treasury and Finance

Practical Skills

You will leave the degree with a number of essential skills, including the ability to:

  • Be a critical thinker in relation to microeconomics, macroeconomics and econometrics
  • Be analytical in the application of economics and econometrics theory, knowledge, principles, techniques and data.

Which department am I in?

Faculty of Business and Economics



Study options

Full Time (1 year)

Tuition fees
A$46,752.00 (US$ 33,803) per year
Start date

28 February 2022


The University of Melbourne

Parkville Campus,

Grattan Street,



3010, MELBOURNE, Australia

Entry requirements

For students from United States

Graduate coursework programs normally require the satisfactory completion of an undergraduate degree with a major in an appropriate discipline, or equivalent, and appropriate prerequisite studies for your stream. English language requirements: IELTS (academic English Only) - 6.5 overall, with written 6.5 and no band less than 6.0; TOEFL (paper-based test) - 577 + TWE 4.5; TOEFL (internet-based test) - 79 + (Writing 21; Speaking 18; Reading 13; Listening 13); Pearson Test of English (Academic) - 58 + no other communicative skill below 50; Cambridge English: Advanced/ Certificate of Advanced English (CAE) - 176 + no less than 185 in Writing and 169 in each other skill.

For international students

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%)

For English language tests, we require documentary evidence of having obtained the minimum scores within the previous 24 months.

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

*There may be different IELTS requirements depending on your chosen course.


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