Business and Economics Graduate Business Programs 2013 pot

Business and Economics
Graduate Business
Programs 2013
www.buseco.monash.edu.au
Australia
■
China
■
India
■
Italy
■
Malaysia
■
South Africa
Applications
Applications for postgraduate coursework programs can be made online at
www.adm.monash.edu.au/admissions/applyonline-instruct.html
Applications for a Masters by Research (MPhil) or a Doctoral Degree (PhD) can be made online at
www.buseco.monash.edu.au/research/student/future/apply/
Closing dates
Entry: Semester 1 2013 On-campus programs 31 January 2013
Off-campus programs 5 January 2013
Entry: Semester 2 2013 On-campus programs 30 June 2013
Off-campus programs 31 May 2013
MBA application closing date 11 January 2013
There is no closing date for the MPhil or PhD.
1
Monash University
Monash University has established an enviable reputation for teaching
and research excellence across business disciplines. This reputation

is built on our innovative and progressive approach to course delivery,
and the strong links we have forged with commerce and industry,
both in Australia and overseas, making Monash degrees truly
international.
The Faculty of Business and Economics offers a range of programs,
including higher degrees by research – PhD and MPhil – cross-
faculty programs, such as the MBA and Master of Business and
specialist Masters degrees in Management, Marketing, Accounting,
Banking, Finance and Business Law. Our programs are comprised of
a combination of core units and electives, allowing you to tailor your
course to your career needs.
EQUIS accreditation
The Faculty of Business and Economics
has been awarded international business
school accreditation by the Brussels based
European Quality Improvement System,
better known as EQUIS. The accreditation
establishes Monash’s Faculty of Business
and Economics as one of the world’s leading higher education
institutions in management and business administration education.
“The rapid pace of change in
today’s business environment
requires constant professional
growth.
Our business programs are
designed to ensure that
you are at the leading edge
of your chosen field of
endeavour.”
Professor Colm Kearney

Dean, Faculty of Business and Economics
Association of MBAs
The Monash MBA program has
been awarded accreditation by
the Association of MBAs (AMBA).
MBA programs are accredited by AMBA in more than 40 different
countries. The Monash MBA is just the third such program in
Australia to be recognised by AMBA.
Professional recognition
Our programs are accredited by relevant professional bodies,
enabling graduates to satisfy educational requirements for
professional registration or membership. These bodies include CPA
Australia, Institute of Chartered Accountants in Australia (ICAA),
Financial Services Institute of Australasia (FINSIA), National Institute
of Accountants (NIA), Australian Institute of Management (AIM),
Australian Human Resources Institute (AHRI), Australian Marketing
Institute (AMI).
Further details are available at:
www.buseco.monash.edu.au/esg/asu/publications/
professional-recognition.html
2
The Faculty of Business and Economics offers a variety of graduate
programs for students of varying backgrounds and aspirations. The
programs differ in terms of objectives, prerequisites and content.
Our programs include:
1. Research degrees – PhD, MPhil
2. Pathways to a research degree – Postgraduate Diploma in
Economics and Commerce, Master of Business (Honours) and
other selected masters degrees
3. Coursework masters degrees – for early career professionals

and for experienced professionals across the full spectrum of
business disciplines
4. Executive Certificate in Business – designed to cater for
managers who have significant workplace experience but who do
not have a first degree.
Coursework program progression
Most masters degrees offered by the Faculty of Business and
Economics comprise 12 units. Full-time students normally undertake
four units per semester and part time students normally undertake
two units per semester.
In some disciplines, graduate certificates (4 units) and graduate
diplomas (8 units) are exit awards – i.e. students enrol in the masters
degree and, after completion of four or eight units, may exit with a
graduate certificate or graduate diploma.
In some disciplines, students may enrol in a graduate or postgraduate
diploma and after completion of eight units may articulate into a
relevant masters degree. Refer to the summary table at the end of
this brochure for a full list of programs.
Honours
Degree
Postgraduate
Diploma
Masters
by Research
(MPhil) (p.5)
Masters by
Coursework
(p.7)
PhD (p.5)
Must complete a

research stream in
Masters program
Executive Certificate
in Business (p.39)
Graduate
Certificate
Undergraduate
Degree
Graduate
Diploma
Our Programs
Graduate Pathways
The following diagram presents an overview of the most common pathways for graduates within the Faculty of Business and Economics at
Monash University.
2
3
RESEARCH PROGRAMS
Research degrees
■ Master of Philosophy 5
■ Doctor of Philosophy 5
Pathways to a higher degree by research
■ Postgraduate Diploma in Economics and Commerce 6
■ Master of Business (Honours) 6
COURSEWORK PROGRAMS
Choosing your coursework program 7
Business
■ Master of Business 8-9
■ Advanced Marketing
■ Information Technology
■ Law and Responsible Business

■ Marketing
■ Risk Management
■ Supply Chain Management
■ Graduate Certificate in Business 10
■ Graduate Diploma in Business 10
■ Master of Business (Science and Technology) 11
■ Master of Business Law 12
■ Master of Diplomacy and Trade 13
■ Master of International Business 14
Accounting, Banking and Finance
■ Graduate Diploma in Accounting 15
■ Master of Professional Accounting 15
■ Master of Professional Accounting (Advanced) 15
■ Master of Business (Accounting) 16
■ Master of Business (Banking and Finance) 17
■ Master of Applied Finance 18
Economics, Health Economics and Econometrics
■ Graduate Diploma in Applied Econometrics 19
■ Master of Applied Econometrics 20
■ Master of Business Economics 21
■ Graduate Diploma in Economic Studies 21
■ Master of Economics 22
■ Graduate Certificate in Pharmacoeconomics 23
■ Graduate Diploma in Health Economics and Policy 23
■ Master of Public Health (Health Economics specialisation) 24
Management
■ Master of Business Administration (MBA) 25
■ Graduate Diploma in Human Resource Management 26
■ Master of Human Resource Management 27
■ Master of Management 28

■ Master of Public Policy and Management 29
Marketing
■ Master of Marketing 30
■ Master of Advanced Marketing 31
Double masters degrees
■ Master of Applied Finance/ Master of Applied Econometrics 32
■ Master of Applied Finance/ Master of Business (Accounting) 33
■ Master of Business (Accounting)/ Master of Business Law 34
■ Master of Professional Accounting/ Master of Business Law 35
■ Master of Business/ Master of Professional Accounting 36
■ Master of Journalism/ Master of Business 37
■ Master of International Business/ Master of European and
International Studies 38
Pathway programs
■ Executive Certificate in Business 39
Student development 40
Off-campus programs 41
General information 42
Entry requirements and fees 43–45
Contact details Back cover
Contents
4
Excellence in research
The Faculty of Business and Economics has developed a strong
reputation for excellence in research across a diverse range of
business interests. Our research has the scale, capability and
business links that influence national agendas and shape business
and professional practice, and this expertise is also translated directly
into our teaching programs – ensuring all our disciplines lead the way
in business education. From policy analysis to financial derivatives,

or health economics to industrial relations, our breadth and depth of
research knowledge are of international standing. The faculty also
provides a stimulating and supportive research training environment
to its 350 plus research students.
Research degrees
The Faculty of Business and Economics strives to provide an
appropriate environment for both the personal and intellectual
development of its postgraduate research students, who make such
a significant contribution to the research effort of the faculty.
The calibre, enthusiasm and dedication of the faculty’s 500 academic
staff ensure that postgraduate teaching and research activities are
current, relevant and rewarding. By the application of knowledge,
the faculty adds significant value to the university’s overall research
reputation and strategy and contributes to the scholarly, social and
commercial development of Australia and its global trading partners.
RESEARCH PROGRAMS
Faculty Research Office
The Faculty of Business and Economics Research Office provides
a range of student services and seeks to enhance the quality of the
postgraduate experience as well as providing information and advice
to current and prospective students.
If you are considering a research degree, please contact:
Faculty Research Office
Telephone: +61 3 9905 2483
Email:
For more information on research in the faculty and how to apply to
undertake a research degree, visit
www.buseco.monash.edu.au/research/index.html
5
Master of Philosophy

The degree of Master of Philosophy (MPhil) signifies the completion of
a course of postgraduate training in research under proper academic
supervision, and submission of a thesis that external examiners
have declared to be a contribution to knowledge, demonstrating the
candidate’s capacity to carry out independent research.
While it is not necessary that an MPhil thesis would make a major
contribution to the discipline by way of new knowledge (as a PhD
would require), an MPhil thesis would be expected to make a
contribution to an existing body of knowledge, by applying, clarifying,
critiquing or interpreting that knowledge.
The principal component of the MPhil is a thesis of up to 50,000
words, embodying the results of a research project. The thesis
is written under direct supervision of a member of the academic
staff. Together with a supervisor, each candidate is responsible
for developing the research program to be followed and should
be designed to take no more than 2 years of full-time equivalent
candidature.
The Master of Philosophy also includes a coursework component,
according to the academic discipline, for those students interested in
upgrading to the Doctor of Philosophy.
Campus: Berwick, Caulfield, Clayton, Gippsland, Malaysia, Peninsula
Duration: 2 years (full-time)
Intake: Anytime. Economics – semester one only
Entry requirements: Applicants require one of the following:
■ a first-class or upper second-class honours degree requiring at
least four years of full-time study, and which includes a research
component in the fourth year, or
■ a course leading to a masters preliminary qualification, at a
level rated by the relevant department, faculty and university
committees to be equivalent to a first-class or upper second-

class honours degree.
Doctor of Philosophy
The degree of Doctor of Philosophy (PhD) at Monash University
signifies that the holder has completed a course of postgraduate
training in research under proper academic supervision, and has
submitted a thesis that external examiners have declared to be a
significant contribution to knowledge, and that demonstrates the
candidate’s capacity to carry out independent research.
The principal component of the PhD is a major thesis of up to
100,000 words, embodying the results of a research project. Course
work and training will be a component in a number of disciplines
across the faculty.
Campus: Berwick, Caulfield, Clayton, Gippsland, Malaysia, Peninsula
Duration: 3–4 years* (full-time), 8 years (part-time)
Intake: Anytime. Economics – semester one only
Entry requirements: Applicants must have completed one of the
following for admission to the PhD program:
■ a first-class or upper second-class honours degree requiring at
least four years of full-time study, and which includes a research
component in the fourth year, or
■ a course leading to a masters preliminary qualification, at a level
rated by the department, faculty and university committees as
equivalent to a first-class or upper second-class honours degree, or
■ a masters degree including a significant research component,
equivalent to an honours degree.
* Scholarships are generally only awarded for a maximum duration of three years.
Research Degrees
6
Postgraduate Diploma in Economics
and Commerce

The Postgraduate Diploma in Economics and Commerce provides
a fourth year of study, equivalent to an honours year, for students
who wish to undertake a higher degree by research but do not have
the research background required to meet the admission criteria.
Applicants require an Australian bachelors degree or an equivalent
qualification with a major in the proposed discipline area of study
and a Weighted Average Mark (WAM) of 65% or an equivalent Grade
Point Average (GPA) as determined by the faculty. Applicants will be
ranked and selected based on their entire academic record.
Students who successfully complete the Postgraduate Diploma in
Economics and Commerce with a grade average of 70% (HIIA) or
above may be eligible to apply for admission to the MPhil or PhD
programs. No credit for work done previously is available in this
postgraduate diploma.
The Postgraduate Diploma is comprised of studies in research
methods, a research project, and a combination of core and elective
honours units determined by area of specialisation. The number and
ratio of core and elective units will vary according to area of study. The
award requires completion of 48 credit points and is equivalent to 1
year of full-time study.
Study programs are available in the following areas:
■ Accounting
■ Econometrics
■ Economics
■ Finance
■ Management
■ Marketing
For more information on pathways to a higher degree by research,
contact:
Graduate Studies Office

Telephone: +61 3 9903 1400
Email:
www.buseco.monash.edu.au/postgrad/programs/offerings
Alternative coursework pathways
The faculty also offers a range of coursework programs which may
serve as a pathway to a research degree. These selected courses
may be designed to include a significant research component and
a minimum distinction grade is required in order to meet the HIIA
equivalence requirement for admission to a research degree. Please
see www.mrgs.monash.edu.au/ scholarships/selection/
autoh2aemonash.html for specific information regarding HIIA
equivalence.
For more information on research degrees, contact:
Faculty Research Office
Telephone: +61 3 9905 2483
Email:
www.buseco.monash.edu.au/research/student/future/degree
Pathways to a Higher Degree by Research
Master of Business (Honours)
This honours program is designed to equip high achieving
accounting, banking and finance masters students with research
skills and the ability to address theoretical and practical issues in their
discipline. This program is a pathway to PhD candidature for those
who achieve a distinction average throughout the course.
Upon successful completion of a first masters program, you may be
eligible for block credit: eg 12-unit Master of Professional Accounting
for which you may receive 72 credit points towards the Master of
Business (Honours).
You will encounter learning and teaching environments with a strong
research focus, where they are encouraged to become independent

learners. Learning activities and approaches will vary across the
units offered and will comprise a range of lectures, seminars,
tutorials and workshops. Assessment tasks encompass a variety of
methods including article critiques, team work, verbal and written
presentations, report writing, case studies and examinations.
On-campus,
Caulfield
Master of Business (Honours)
5 semesters full-time
Course code
4416
Entry
requirements
An Australian bachelor degree or an equivalent
qualification with a major in accounting, finance or risk
management and a Weighted Average Mark (WAM) of
70% or an equivalent Grade Point Average (GPA) as
determined by the faculty.
Applicants will be ranked and selected based on their
entire academic record.
Course
structure
17 units
5 core units
12 elective units
The following 3 units:
Research methods
Research design and analysis
Research dissertation
Plus 2 units from the following:

Advanced modelling in finance
Issues in accounting information systems
Issues in auditing and assurance
Issues in corporate finance
Issues in financial accounting
Issues in banking
Issues in management accounting
Electives
Twelve graduate units offered by any department in the
Faculty of Business and Economics including at least six
units at level-4000 or 5000 and at least six units offered
by the Department of Accounting and Finance.
7
Over time, ambitions and goals can change. You may be seeking
to increase your level of expertise in a particular area, or you may
want to change the direction of your career. We have designed a
range of programs that will help you get the business knowledge
or professional accreditation you need to make those transitions.
Whatever your background, Monash Business and Economics
programs will help you to get where you want to go.
Whether new to the workforce or a seasoned professional, the
Faculty of Business and Economics offers graduate programs that
can be tailored to your needs.
Our coursework programs are offered both on and off campus, with
some delivered in a blended mode. Whilst off campus learning can
have its advantages, we find that the sharing of experiences through
discussion and debate in traditional classes can be just as valuable
as the program’s academic content.
Some courses include a research stream, which is a prerequisite if
you are intending to undertake a PhD.

COURSEWORK PROGRAMS
Choosing your Masters by Coursework program
The following table provides an overview of the audience courses are aimed at. This does not necessarily reflect entry requirements. You are able
to apply for entry into any course you prefer, depending on the entry requirements. Entry requirement details are provided on pages 43-45.
Extend your undergraduate major(s)
These courses offer you the opportunity to learn
more about an area you specialised in during your
undergraduate studies.
Gain new expertise
These courses enable you to gain new expertise by
studying an area of specialisation not undertaken in your
undergraduate studies.
Aimed at early career professionals
(0 – 2 years work experience)
Master of Business
■ Advanced Marketing
■ Information Technology
■ Law and Responsible Business
■ Risk Management
■ Supply Chain Management
■ Research Specialisation
Master of Business (Accounting)
Master of Business (Science and Technology)
Master of Applied Finance
Master of Applied Econometrics
Master of Business Economics
Master of Economics
Master of Public Health (Health Economics specialisation)
Master of Advanced Marketing
Master of Business

■ Information Technology
■ Law and Responsible Business
■ Marketing
■ Risk Management
■ Supply Chain Management
■ Research Specialisation
Master of Business Law
Master of Diplomacy and Trade
Master of International Business
Master of Professional Accounting
Master of Professional Accounting (Advanced)
Master of Business (Banking and Finance)
Aimed at experienced
professionals
(min. 2 years work experience)
Master of Business (Accounting)
Master of Business (Science and Technology)
Master of Applied Finance
Master of Applied Econometrics
Master of Business Economics
Master of Public Health (Health Economics specialisation)
Master of Human Resources Management
Master of Management
Master of Public Policy and Management
Master of Advanced Marketing
MBA (5+ years work experience)
Master of Business Law
Master of Diplomacy and Trade
Master of International Business
Master of Human Resources Management

Master of Management
Master of Public Policy and Management
Master of Marketing
Master of Professional Accounting
Master of Professional Accounting (Advanced)
MBA (5+ years work experience)
8
COURSEWORK PROGRAMS
Master of Business
The Master of Business is an industry-focused, flexible option in
postgraduate studies, which is specifically designed for early career
professionals who wish to refine their business skills and advance to
the next stage in their career. With a strong emphasis on personal
development and a flexible program structure, you are able to build a
personalised business degree, with the option to specialise in one of
six areas.
You may be a graduate from another discipline who wishes to
develop comprehensive business skills, either to enter the corporate
environment or progress to management within your field, or a
business graduate seeking to develop and extend your skills in a
specific discipline.
The program requires completion of six core units of which four
are from among the major business disciplines underpinning the
program’s learning outcomes, and two are from the areas of personal
development, corporate responsibility and business ethics. The six
elective units enable you to tailor the course to your needs, with an
option of including a designated specialisation in selected areas of
contemporary importance. The following specialisations, determined
by market demand and reflecting emerging trends, are currently
offered:

■ Advanced marketing (for those with a marketing major in their
undergraduate degree)
■ Information technology
■ Law and responsible business
■ Marketing (for those without a marketing major in their
undergraduate degree)
■ Risk management
■ Supply chain management
Course Overview
Business
This program provides students with:
■ an advanced level of attributes in written and oral
communication, information literacy, self direction, teamwork,
global outlook, moral and social responsibility, curiosity and
creativity
■ an understanding of contemporary issues within the various
disciplines of local and global business
■ knowledge and skills associated with understanding and
applying business theory, concepts and practice locally,
regionally, internationally and globally
■ the capacity to interpret and communicate research findings;
and advanced analytical skills.
Four units
from the major
business
disciplines
Two units
from personal
development
and business

ethics
Six elective
units, up to two
may be from
other faculties
Six units
selected from
one of the
specialisations
Master of
Business
Master of
Business
(specialisation)
OR OR
Areas of Specialisation
Advanced marketing
The advanced marketing specialisation allows you to build on the
marketing major in your first degree with six marketing units that
extend and broaden marketing knowledge. These include advanced
units in contemporary issues in marketing, business research
methods, buyer behaviour and marketing communication.
Information technology
The information technology specialisation allows you to build upon
the core program with six units dealing with current practices and
emerging strategies for the application of information technology
in business management. You are introduced to management of
the creation, storage, recall and dissemination of business records
within organisation-wide frameworks and they will gain a high level of
understanding of the processes of project management.

Law and responsible business
Regulatory issues comprise an important part of the business
environment. Units in this specialisation provide you with an
understanding of how legal and social responsibility considerations
impact upon business decision-making.
Marketing
The marketing specialisation allows you to build on the marketing
major in your first degree with six marketing units that include a
foundation unit in marketing, and a range of units that cover the
central concepts from marketing. These include buyer behaviour,
integrated marketing communication, marketing research and
assessing marketing performance.
Risk management
The risk management specialisation allows you to build upon the core
program with six units dealing with current practices and emerging
strategies for the application of enterprise wide risk management
(EWRM) in the complex business structures of today. Students are
introduced to the latest techniques and practices that allow the
management of risk to be a value driver for business prosperity and
survival via examination of ISO31000, the international standard for
risk management.
Supply chain management
The supply chain management specialisation allows you to build
upon the core program with six units dealing with current practices
and emerging strategies for improving supply chain performance. The
subjects can provide a focus on either the strategic management of
supply chains or on the design and optimisation of supply chains.
9
On-campus,
Caulfield

Master of Business
3 semesters full-time, 6 semesters part-time
Aimed at
Early career professionals
Course code
3844
Entry
requirements

An Australian bachelor degree or an equivalent qualification,
or an executive certificate awarded by the Faculty of
Business and Economics, and a Weighted Average Mark
(WAM) of 55% or an equivalent Grade Point Average (GPA)
as determined by the faculty.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
12 units
6 core units
6 elective units
6 units from the area of specialisation or electives:
4 core units from the following:
Law and business decisions
Economics
Business and economic statistics
Accounting for business
Managing people and organisations
Marketing and the international consumer*
Advanced marketing communication**

* This unit should not be taken by students intending to complete the
Advanced Marketing specialisation and cannot be counted towards
the completion of this specialisation.
**This unit is only available to students who have completed
the specified unit prerequisite or who have completed an
undergraduate major in marketing.
1 core unit from the following:
Personal development – critical thinking and communication
Personal development – managing self and relationships
1 core unit from the following:
Business ethics in a global environment
Corporate social responsibility
Plus a further 6 electives:
Six units selected according to specialisation, or six units,
at least four of which must be from the Faculty of Business
and Economics, subject to course coordinator approval.
Specialisation
(6 units) in 1 of 6
areas
Advanced marketing*
The following 4 units:
Contemporary issues in marketing
Advanced business research methods
Advanced buyer behaviour
Advanced marketing communication
Plus 2 units offered by the Department of Marketing.
Not all marketing units can be counted toward the
Advanced marketing specialisation. Students are advised to
speak to a course coordinator prior to selecting units.
* Applicants planning to undertake the Advanced marketing

specialisation require a major in marketing.
Information technology
6 of the following:
Project management
e-Business
IT for management decision making
Enterprise systems
IT strategy and governance
Managing business records
Services science
Database systems design
Information technology management
Law and responsible business
6 of the following:
Business law
Law and business decisions
Law and global business decisions
Corporate governance
HR management law
Taxation law
Corporate environmental responsibility
Marketing law
Marketing
6 of the following:
Marketing and the international consumer
Marketing innovation and planning
Assessing marketing performance
Integrated marketing communication
International marketing
Sustainable marketing

Marketing research
Relationship marketing
Theory and process of buyer behaviour
Risk management
6 of the following:
Issues in risk management
Case studies in risk management
Principles of risk transfer
Introduction to risk principles
Risk financing and treasury management
Insurance law for corporate insurance programs
Law and business decisions
Quantitative methods for risk analysis
Supply chain management
6 of the following:
Advanced supply chain management
Supply chain management
Fulfilment and order management
Business process modelling, design and simulation
Re-engineering the organisation
e-business
Services and operations management
Managing innovation
Sustainable operations and supply chain management
or six electives
Four of these units must be from the Faculty of Business
and Economics and 2 units may be from other faculties
within Monash University.
The Master of Business can be combined with other masters
degrees, enabling you to graduate with two masters degrees:

■ Master of Business /Master of Professional Accounting
(page 36)
■ Master of Journalism/Master of Business (page 37)
10
COURSEWORK PROGRAMS
Graduate Diploma in Business
The Graduate Diploma in Business is designed for students who wish
to extend their knowledge in general business principles and practice.
The program is flexible in structure, allowing you to take a number
of broad business units, or to take a sequence of units relating to a
specific discipline.
On-campus,
Caulfield or
off-campus
Graduate Diploma in Business
2 semesters full-time, 4 semesters part-time
Course code
3848
Entry
requirements
An Australian bachelor degree or an equivalent qualification,
or an executive certificate awarded by the Faculty of
Business and Economics, and a Weighted Average Mark
(WAM) of 55% or an equivalent Grade Point Average (GPA)
as determined by the faculty.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
8 units

A minimum of 6 units are taken from the Faculty of Business
and Economics. Students intending to articulate into a
coursework masters degree should include at least 4 core
units from the relevant masters degree to ensure full credit.
Students should consult the course coordinator regarding
specific choice of units.
Business
Graduate Certificate in Business
This four-unit course may be undertaken as a stand-alone award or
as a pathway to a graduate diploma or masters degree. It is designed
to enable you to experience an introduction to a variety of business
disciplines, or to tailor your unit selection to a specific area of interest.
Students who successfully complete the Graduate Certificate in
Business with a minimum of a credit average (60%) may be eligible
for admission to a masters program within the Faculty of Business
and Economics.
On-campus,
Caulfield or
off-campus
Graduate Certificate in Business
1 semester full-time, 2 semesters part-time
Course code
1679
Entry
requirements
An Australian bachelor degree or an equivalent qualification
and a Weighted Average Mark (WAM) of 55% or an
equivalent Grade Point Average (GPA) as determined by the
faculty.
Applicants will be ranked and selected based on their entire

academic record.
Course
structure
4 units
Students complete any four graduate level units from the
Faculty of Business and Economics.
11
Master of Business
(Science and Technology)
Science is a major driver of economic growth and development.
Australia and other countries in the Asia-Pacific region are leaders in
scientific research but fall behind in converting research discoveries
into economic wealth. This specialisation aims to assist students with
a science or technology background to commercialise leading edge
medical, scientific and research projects. This course is equivalent to
three semesters of study and may be taken either in intensive mode
in one year, full-time in one and a half years or part-time. Fees are
calculated at one and a half times the annual average fee.
The course is offered by the Department of Management, which
works with scientists, students and business people throughout the
Asia-Pacific region on the transformation of science into wealth. The
Department runs the novel core unit where you are engaged in a
year-long, real world commercialisation project.
This course provides you with the knowledge to work as an
entrepreneur and manager in science-based start-up companies, in
science policy development, in project management and consulting,
and in research and development management.
On-campus,
Caulfield
Master of Business (Science and Technology)

3 semesters full-time, 6 semesters part-time
Can be taken in intensive mode (full-time over 1 calendar
year, February intake only).
Aimed at
Early career or experienced professionals with a science or
technology background
Course code
3840
Entry
requirements
An Australian bachelor degree or an equivalent qualification
with a major in science or technology and a Weighted
Average Mark (WAM) of 60% or an equivalent Grade Point
Average (GPA) as determined by the faculty.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
10 units (12 unit equivalent)
Eight 6-point units
Two 12-point units
New venture finance
Law and business decisions
Economics
Commercialisation project (12 points)
Pathways from science to wealth (12 points)
Personal development – managing self and relationships
Accounting for business
Patenting for commercialisation
Foundations of marketing

Managing innovation
Elective units give you the opportunity to select units from
another faculty. You may be able to enhance your degree by
completing units in areas such as:
■ Information Technology
■ Law
■ Business Systems
■ Project Management
■ Leadership
You should consult with your course coordinator when selecting
elective units.
12
COURSEWORK PROGRAMS
Master of Business Law*
In the past decade, issues such as globalisation, risk management,
compliance and deregulation have resulted in fundamental
changes to conventional career opportunities in both the business
and government sectors. It is therefore an advantage for many
professionals to have knowledge and understanding of the legal
aspects of business and taxation issues. The development of legal,
analytical and writing skills is also becoming increasingly important in
professional business practice.
The Master of Business Law is an eight-unit program designed for
students who are seeking a postgraduate applied business law
qualification. This course is of direct relevance to those involved
in professional practice or other advisory roles in the private or
government sectors, where knowledge of commercial law and the legal
environment is necessary. The course will enhance relevant skills for
students seeking placements in legal, commercial and governmental
regulatory and compliance positions anywhere in the world.

The Master of Business Law may be combined with other masters
degrees, enabling you to graduate with two masters degrees:
■ Master of Business (Accounting)/Master of Business Law
(page 34)
■ Master of Professional Accounting/Master of Business Law
(page 35)
Depending on units undertaken, you may elect to complete the
Master of Business Law, with significant credit, after completion of
another masters degree. This option is only suitable for some courses
and consultation with the course coordinator is recommended.
On-campus,
Caulfield
Master of Business Law
2 semesters full-time
Aimed at
Early career or experienced professionals seeking to gain
new expertise
Course code
3159
Entry
requirements
An Australian bachelor degree or an equivalent qualification,
or an executive certificate awarded by the Faculty of
Business and Economics, and a Weighted Average Mark
(WAM) of 55% or an equivalent Grade Point Average (GPA)
as determined by the faculty.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure

8 units
The following 2 units:
Law and business decisions
Final research project
Plus 4 units selected from the following:
Workplace taxation
Investment taxation
Corporate governance
Comparative business law in Asia
Labour relations law
Workplace negotiations
Good governance and accountability in non-profit and social
enterprises
Corporate environmental responsibility
Intellectual property laws
International law and policy
Law of marketing
The globalisation of law and development in Asia
Chinese business law
Financial services regulation
International trade law
Human resource management law
Business law
Taxation law (prerequisite for taxation units)
Insurance law
Electives
Up to 2 other elective units may be chosen from those
offered by the department or other departments in the
Faculty of Business and Economics. Electives may be
chosen from another faculty of Monash University with the

approval of the course coordinator.
Business
* This course does not qualify you to act as a solicitor or barrister.
13
Master of Diplomacy and Trade
The Master of Diplomacy and Trade is designed to meet the training
and professional development needs of those who are in the fields of
international trade, diplomacy, economics, international development,
international law and contemporary politics. The program provides
formal academic study across a range of disciplines relevant to the
needs of organisations operating in the global environment.
The program suits the needs of individuals working or seeking to work
in the government sector engaged in the implementation and provision
of policy advice in the areas of foreign affairs, trade, international
development and business related issues. In the private sector, the
course is designed for individuals who are operating, or seeking to
work, in an international capacity in both the corporate or NGO sector.
Career opportunities
The program prepares you to further your career in the diplomatic
service as well as in international organisations, government
departments, NGOs and multinational corporations where an
understanding of international relations, politics, economics and trade
are essential.
The program appeals to individuals who presently work, or intend to
work, in the following areas:
Government sector – Diplomatic, trade, and other departmental
staff working in government and involved in the implementation and
provision of policy advice in the areas of foreign affairs, trade and
economic issues and international development.
Non-government organisations (NGOs) – Individuals who work in

non-government organisations in the area of international development
and require a greater insight and understanding of the international
environment and its effect on the work they seek to administer.
Non-government sector – Individuals working in the corporate
environment and who are particularly involved in international
operations/management where a greater understanding of the
international political, economic and trade issues that can potentially
affect their business environment is required.
Research pathway
Students wishing to undertake a research pathway will complete the
following units as a part of their elective structure:
■ Introductory management research methods
■ Research report (introduction)
■ Research report.
Minimum grades apply. For more information on research degree entry
requirements please see page 5.
On-campus,
Caulfield or
off-campus
Master of Diplomacy and Trade
3 semesters full-time, 6 semesters part-time
Aimed at
Early career or experienced professionals seeking to gain
new expertise
Course code
2643
Entry
requirements
An Australian bachelor degree or an equivalent qualification
and a Weighted Average Mark (WAM) of 55% or an

equivalent Grade Point Average (GPA) as determined by
the faculty.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
12 units
6 core units
6 elective units
6 core units:
Prosperity, poverty and sustainability in a globalised world
Comparative regionalism
International law and policy
International trade policy
International institutions and organisations
Diplomacy and statecraft
Electives
Six units – 2 of these electives may be from other faculties
of Monash University. A research pathway is available with
the approval of the course coordinator.
Diplomacy and Trade combines an
exploration of theoretical and practical
approaches to international trade with
a broader discussion on the challenges
of policy making, statecraft and
international relations. The coursework
was often challenging, but entirely
manageable. Monash pushes students to
grasp concepts and ideas, rather than to
memorise and regurgitate facts and that

makes for a workload that is as deep and
engaging as you want it to be. Discussions
with fellow students and faculty, conducted
as part of every class offer a chance
to really explore ideas and concepts,
a privilege one rarely experiences in a large
undergraduate environment. The Diplomacy
and Trade course not only gave me the
tools and credentials I needed to
put up a successful candidacy for my
current position, but has also proven
invaluable in preparing me for the
myriad of complex issues that constitute
modern foreign affairs. I can heartily and
unreservedly recommend MDT, whether
you want to build a career or your own
understanding of the international sphere.
Dmitry Grozoubinski
Desk Officer, Department of
Foreign Affairs and Trade
14
COURSEWORK PROGRAMS
Master of International Business
The International Business program will equip you with knowledge
about business and management issues from a global perspective.
Graduates leave with the tools needed to assist their companies
in the internationalisation process and acquire vital skills in
communicating and negotiating across cultures. You will develop
the capacity for high-level analysis of firm internationalisation,
international trade, investment, strategy and management, and gain

an appreciation of the multinational firm, its environment and the
activities of the international manager.
Career opportunities
Career opportunities include manufacturing or service firms with
international activities, export and trade agencies, government
institutions, NGOs, international organisations, joint ventures, foreign
subsidiaries, travel and tourism, consulting, research, and more.
Research pathway
Students wishing to undertake a research pathway will complete the
following units as a part of their elective structure:
■ Introductory management research methods
■ Research report (introduction)
■ Research report.
Minimum grades apply. For more information on research degree
entry requirements please see page 5.
Business
On-campus,
Caulfield and
Sunway Malaysia
Master of International Business
3 semesters full-time, 6 semesters part-time
Aimed at
Early career or experienced professionals seeking to gain
new expertise
Course code
2098
Entry
requirements
An Australian bachelor degree or an equivalent
qualification, or an executive certificate awarded by the

Faculty of Business and Economics, and a Weighted
Average Mark (WAM) of 55% or an equivalent Grade
Point Average (GPA) as determined by the faculty.
Applicants will be ranked and selected based on their
entire academic record.
Course structure
12 units
8 core units
4 elective units
8 core units:
Accounting and finance for international managers
International trade law
The international economy
International management
Cross-cultural management communication
International business strategy
International business theory and practice
Marketing and the international consumer
Electives
Four units – 2 of these electives may be from other
faculties of Monash University. A research pathway is
available with the approval of the course coordinator.
‘My masters degree took me out of the
comfort zone I had carved for myself over
my professional career to date and opened
my eyes to some pretty alarming global
issues. It was always my intention to make
a career change after completing the MIB
and I now feel both inspired and better
equipped to make that change.

‘Because of the growing diversity in the
workplace over the last decade the MIB
is hugely relevant to anyone who works
in business today, not just those posted
overseas or working for a multinational
enterprise. It improves your awareness of
strategic, economic, legal, financial, eco-
political and multicultural tensions that exist
in both the local and global community.
Like anything, what you achieve will be
commensurate with what you put in, but
I strongly recommend this MIB to anyone
interested in questioning the status quo.
Debbie Byass
Master of International Business
Program Manager, Sensis
15
Professional Accounting Programs
Today’s accountants are in great demand and working across a
variety of industries. Accountants must possess sound numerical
and analytical skills along with strong communication and people
skills. Accounting is fundamental to any organisation; after all, it’s the
language of business. Many executives working at senior levels hold
accounting qualifications.
We are committed to ensuring that your education provides not only
professional competence, but also a portfolio of intellectual skills and
attributes that will enhance your career long after graduation.
Our Professional Accounting degrees are designed to equip students
from non-accounting backgrounds with knowledge and skills in
accounting and related fields. Graduates who wish to pursue a career

in accounting may gain employment in a variety of organisations – in
public practice, the public sector and the private sector.
The eight-unit Graduate Diploma in Accounting course is designed
for students with a bachelors degree in a field other than accounting
who wish to obtain a sound introduction to accounting concepts and
procedures and professional recognition. Students who successfully
complete the graduate diploma may apply for admission to the
Master of Professional Accounting or the Master of Professional
Accounting (Advanced).
Accounting, Banking and Finance
The Master of Professional Accounting is a 12-unit degree while the
Master of Professional Accounting (Advanced) is a 16-unit degree.
Both will extend your knowledge enabling you to acquire a deeper
understanding and a wider range of skills.
Professional accounting accreditation
On completion of the Graduate Diploma in Accounting or the Master
of Professional Accounting degrees, subject to elective choices,
graduates may satisfy educational requirements for associate
membership of CPA Australia and the Institute of Public Accountants
(IPA) and entry to the Chartered Accountants Program of The Institute
of Chartered Accountants in Australia (ICAA).
Becoming a member of a professional body is a great career move
and gives you an internationally recognised and respected business
qualification. See www.buseco.monash.edu.au/esg/asu/
publications/professional-recognition.html for more information
regarding professional accreditation.
Students seeking membership of the professional bodies are advised
to consult the course coordinator to ensure their choice of units form
a coherent study pattern.
On-campus,

Caulfield
Graduate Diploma in Accounting
2 semesters full-time, 4 semesters part-time.
Master of Professional Accounting
3 semesters full-time , 6 semesters part-time
Master of Professional Accounting (Advanced)
4 semesters full-time , 8 semesters part-time
Aimed at
Early career or experienced professionals seeking to gain accounting expertise
Course code
0748 0790 0826
Entry
requirements
An Australian bachelor degree or an equivalent qualification in a non-accounting discipline, or an executive certificate awarded by the Faculty of
Business and Economics, and a Weighted Average Mark (WAM) of 55% or an equivalent Grade Point Average (GPA) as determined by the faculty.
Applicants will be ranked and selected based on their entire academic record.
Course
structure
8 units 12 units
7 core units
5 elective units
16 units
7 core units
9 elective units
8 units selected from the following: 7 core units: 7 core units:
Introductory accounting Introductory accounting Introductory accounting
Financial accounting Financial accounting Financial accounting
Business finance Business finance Business finance
Management accounting Management accounting Management accounting
Advanced financial accounting Advanced financial accounting Advanced financial accounting

Business and corporations law Business and corporations law Business and corporations law
Personal development – critical thinking and
communication
Personal development – critical thinking and
communication
Personal development – critical thinking and
communication
Economics
Plus 2 units from the following: Plus 2 units from the following:
Auditing and assurance Economics Economics
Accounting information and systems modelling Auditing and assurance Auditing and assurance
Taxation law Accounting information and systems modelling Accounting information and systems modelling
Taxation law Taxation law
Plus a further 3 graduate level units from the
remaining units listed above and/or from units
offered by any department in the Faculty of
Business and Economics.
Plus 7 graduate level units from the remaining
units listed above and/or from units offered by
any department in the Faculty of Business and
Economics.
16
COURSEWORK PROGRAMS
Master of Business (Accounting)
This masters degree is designed to enhance and develop the
knowledge and skills of accounting graduates who are working, or
aspire to work, in public practice and the government and private
sectors. The Master of Business (Accounting) provides you with
advanced knowledge and skills in the areas of financial accounting,
management accounting, accounting information systems and

forensic accounting.
This course has a flexible structure that enables you to construct a
program that best suits your career aspirations and obtain the skill
set required to successfully operate as a specialist in the accounting
profession. You may choose, for examples, an elective stream
that focuses on accounting information systems, forensic studies,
management, marketing or business and taxation law.
Career opportunities
Career opportunities are extensive with future employment in a
variety of industries. Employment opportunities may range from
public accounting practice, including areas of auditing, taxation,
management consulting business services and receivership to
commercial and government organisations in roles such as treasury,
internal audit, strategic business planning, financial reporting and
management accounting.
Professional recognition
Graduates may satisfy the educational components for the relevant
memberships. For further information, go to www.buseco.monash.
edu.au/esg/asu/publications/professional-recognition.html
Accounting, Banking and Finance
On-campus,
Caulfield
Master of Business (Accounting)
3 semesters full-time, 6 semesters part-time
Aimed at
Early career accounting professionals
Course code
0503
Entry
requirements

An Australian bachelor degree or an equivalent qualification
with a major in accounting and a preferred Weighted Average
Mark (WAM) of 60% or an equivalent Grade Point Average
(GPA) as determined by the faculty.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
12 units
6 core units
6 elective units
The following 5 core units:
Advanced strategic management accounting
Financial statement analysis and business valuation
Financial reporting issues
Forensic accounting and fraud examination
Integrated systems for business enterprises
Plus 1 core unit from the following:
Personal development – critical thinking and communication
Personal development – managing self and relationships
Electives
Two further units offered by the Department of Accounting
and Finance, and four graduate-level units offered by any
department or faculty, subject to the approval of the course
coordinator.
17
Master of Business
(Banking and Finance)
Banking and finance are important and strategic functional elements
of business and professionals working in these key areas make

a critical and active contribution to public and private sector
organisations worldwide.
Finance, like accounting, has experienced tremendous growth both
in Australia and overseas. Financial service employers are now
keen to employ people with theoretical and practical knowledge
and, in particular, diverse skills. Clients anticipate and demand the
best professional practice available from finance professionals in
corporations and financial institutions, and in the superannuation,
securities and mutual funds industries.
The Master of Business (Banking and Finance) is designed to provide
you with the knowledge and skills required to operate successfully
as a professional in the banking and financial services sector. It
offers those who do not have a finance or business background
the opportunity for a career-entry qualification into this discipline.
Students who attain a credit average on completion of the Master of
Business (Banking and Finance) may be eligible to articulate into the
Master of Applied Finance.
The course covers the core areas of capital markets, derivative
products, portfolio management, business finance and financial
management. Elective units can be chosen from a wide range of
specific areas of interest, allowing for flexibility and movement into
specific areas in finance and business related areas.
Career opportunities
The strong reputation of our Master of Business (Banking and
Finance) program means that graduates are sought after by banks,
insurance companies and other financial institutions, financial
consultancy firms, large corporations both in Australia and overseas,
and by government regulatory bodies.
Professional recognition
Graduates may satisfy the educational components for the relevant

memberships. For further information, go to www.buseco.monash.
edu.au/esg/asu/publications/professional-recognition.html
On-campus,
Caulfield
Master of Business (Banking and Finance)
3 semesters full-time, 6 semesters part-time
Aimed at
Early career professionals seeking to gain new expertise in
banking and finance
Course code
0504
Entry
requirements
An Australian bachelor degree or an equivalent qualification
in a non-finance discipline, or an executive certificate
awarded by the Faculty of Business and Economics, and
a Weighted Average Mark (WAM) of 60% or an equivalent
Grade Point Average (GPA) as determined by the faculty.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
12 units
6 core units
6 elective units
6 core units:
Financial planning
Options, futures and risk management
Financial management theory
Australian capital markets

Portfolio management and theory
Personal development – critical thinking and communication
Electives
Six graduate units offered by any department within the
Faculty of Business and Economics including at least four
units at 5000 level. It is recommended that students consult
with the course coordinator regarding elective unit selection
as some restrictions apply.
18
COURSEWORK PROGRAMS
Master of Applied Finance
The Master of Applied Finance provides finance career professionals
with advanced learning and a postgraduate qualification to pursue
a long term career in finance. This degree is designed for Business
or Commerce graduates with a major in finance. The intent of the
course is to attain mastery in finance and it therefore provides a
higher technical level of skill in quantitative and qualitative finance
including preparation for the attainment of CFA© designation.*
Theory, technical and advanced industry methods are presented
from an applied perspective, focusing on providing you with the
skills to analyse, critically evaluate and make financial decisions and
recommendations in an ethical manner applicable to the real world.
Units include sessions by industry professionals who draw on
contemporary practice, quantitative research projects, and practical
experience such as simulated financial trading in the Accounting and
Finance Simulated Teaching and Research Laboratory (STARLab).
This integrated learning approach is consolidated with the capstone
unit of specially selected case studies in finance.
Professional recognition
Graduates may satisfy the educational components for the relevant

memberships. For further information, go to www.buseco.monash.
edu.au/esg/asu/publications/professional-recognition.html
* Requires completion of appropriate CFA level exams.
Accounting, Banking and Finance
On-campus,
Caulfield
Master of Applied Finance
2 semesters full-time, 4 semesters part-time
Aimed at
Early career or experienced finance professionals
Course code
3818
Entry
requirements*
An Australian bachelor degree with a major in finance or
an equivalent qualification with a Weighted Average Mark
(WAM) of 65%, or an equivalent Grade Point Average (GPA)
as determined by the faculty, with due consideration given to
relevant employment experience.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
8 units
6 core units
2 elective units
6 core units:
Advanced security analysis
Global financial markets
Corporate treasury management

Funds management
Case studies in finance
Financial econometrics
Plus 2 units from the following:
Financial planning
Options, futures and risk management
Global banking institutions and issues
Financial statement analysis and business valuation
Money market dealing
Institutional asset and liability management
Credit risk modelling
Advanced financial planning
Mergers and acquisitions
International study program in banking and finance
Applied financial econometrics
Modelling in finance and insurance
Business forecasting
19
Graduate Diploma of
Applied Econometrics
This eight-unit course provides an opportunity for you to enhance
your quantitative skills and be equipped to undertake other rigorous
postgraduate coursework programs in business. It offers a wide
breadth of knowledge and will provide you with the quantitative tools
and expertise required to carry out regression analysis, forecasting
and financial market analysis. You will also acquire the ability to take
responsibility for designing and implementing applied econometric
projects and be able to proficiently communicate the results to wider
audiences. Such skills are extremely attractive to the business and
finance community.

Career opportunities
With both the business and government sectors being inundated
with data, the ability to analyse this data to produce information
that is valuable, is more highly sought after than ever before. For
employers who are looking for a marketing graduate for example,
to find that they also have a postgraduate in econometrics, is highly
desirable. Some examples of business sectors that value analytical
abilities include banking, insurance, pharmaceutical, telcos, aviation,
hospitality, healthcare, logistics and superannuation.
Economics, Health Economics and Econometrics
On-campus,
Caulfield
Graduate Diploma in Applied Econometrics
2 semesters full-time, 4 semesters part-time
Course code
3816
Entry
requirements
An Australian bachelor degree or an equivalent qualification,
or an executive certificate awarded by the Faculty of
Business and Economics, and a Weighted Average Mark
(WAM) of 60% or an equivalent Grade Point Average (GPA)
as determined by the faculty. Applicants would normally
require a credit or equivalent in an introductory statistics unit
at tertiary level.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
8 units

1 core unit
5 units selected from prescribed lists
2 elective units
Core unit:
Introductory econometrics
Plus 1 of the following:
Mathematics for economics and business
Mathematics for business
Plus 4 of the following, including at least one of those
marked with an asterisk (*):
Actuarial statistics
Applied forecasting for business and economics
Probability and statistical inference for economics and
business
Principles of econometrics
Applied econometrics
Bayesian modelling and risk analysis
Time series analysis for business and economics
Financial econometrics
Business modelling
Data analysis in business
Business forecasting
Quantitative methods for financial markets*
Quantitative models for business research*
Electives
Two electives taken from Business and Economics or from
another faculty.
* Due to unit prerequisites, students with no prior economics or statistics
knowledge may need to take more than two semesters to complete this course.
20

COURSEWORK PROGRAMS
Master of Applied Econometrics
This course is offered as a coursework plus research project degree
aiming to provide you with the skills and research experience required
for applied econometric projects in economics, business and finance.
The program offers a comprehensive curriculum including units in
applied econometrics, time series analysis, financial econometrics,
microeconometrics and econometric theory.
Graduates of the program will be equipped to design and implement
applied econometric projects for government and business sectors.
You will have skills that can be used across a broad range of disciplines
including economics, finance, market research and credit risk
management. You will also have the necessary quantitative skills to
undertake higher degrees by research*.
* Minimum grades apply. For more information on research degree entry
requirements please see page 5.
Career opportunities
Graduates of the program are well prepared for professional careers in
which econometrics is applied to quantitative analysis of many kinds of
problems in economics, market research, finance, risk management,
international business and many other areas. Econometric skills are
in high demand in both private and public sectors. For example, the
Australian Bureau of Statistics and the Treasury, in the public sector
and financial institutions (bank and insurance companies) and in
business consultancy firms in the private sector.
Caulfield Master of Applied Econometrics
3 semesters full-time, 6 semesters part-time
Aimed at
Early career or experienced professionals seeking to extend
their econometrics expertise

Course code
3822
Entry
requirements
An Australian bachelor degree or an equivalent qualification,
or an executive certificate awarded by the Faculty of
Business and Economics, with a Weighted Average Mark
(WAM) of 65% or an equivalent Grade Point Average (GPA)
as determined by the faculty. Applicants must have achieved
a credit or equivalent in an introductory multiple regression
unit at tertiary level.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
12 units
2 core units
6 units selected from a prescribed list
3 elective units
Core units:
Applied econometrics
Research project
Plus 1 of the following:
Mathematics for economics and business
Mathematics for business
Plus 1 of the following:
Quantitative methods for financial markets
Quantitative models for business research
Four of the following, including at least one of those
marked an asterisk (*):

Econometric theory
Applied econometrics 2
Microeconometrics
Financial econometrics 2
Optimisation for management
Research topics in econometrics
Special reading unit 1
Applied time series econometrics*
Applied financial econometrics
Special topics in econometrics
Special topics in econometrics l*
Special topics in econometrics ll
Or units from the above not previously taken
Electives
A further three units (subject to approval) taken from
Business and Economics or from another faculty.
* Due to unit prerequisites, students with no prior economics or statistics
knowledge may need to take more than three semesters to complete this course.
Economics, Health Economics and Econometrics
‘A Masters in Applied Econometrics is very
well regarded in the job marketplace. I
was offered several jobs in banking – even
during the biggest downturn in memory.
Econometrics is an instant indicator of
quantitative skills that are highly valued, and
quite rare, giving you more freedom and
more options.
‘After some time in the workplace I
discovered that professionalism in a
certain discipline is a big advantage. Being

a ‘generalist’ only gets you so far. I felt
my career was drifting, and my previous
employer encouraged everyone to
professionalise through further study. I chose
Monash because of the reputation of the
university as a whole, and the Department of
Econometrics in particular.
I really enjoyed doing the special reading unit
with Bill Zhang. The great thing about this
unit is you basically set your own topics. Of
all the things I learnt during the course, this
unit was the most relevant to my current job.
‘The Master of Applied Econometrics really
opened up a range of career doors. I
certainly wouldn’t be living in Singapore and
working in my current job without it.’
Luke Clinton Russell
Master of Applied Econometrics
Dean’s Honour List Recipient – 2008
Risk Management Associate –
OCBC Bank, Singapore
21
Master of Business Economics
The Master of Business Economics is designed to enhance the
professional development and skills required for analysing and
assessing the economic impact of policies and regulations on private
and government enterprises.
The course will equip you with the analytical tools for decision making
in a wide range of domestic and international private business and
public agency environments.

The course offers you the opportunity to explore such topics as:
■ industry analysis and business strategy
■ private and public project evaluation
■ regulation and competition policy
■ industrial organisation
■ impact of monetary and fiscal policy
Economics is one of the foundation departments of Monash University.
The Department provides top level specialist advice to government
and private sector bodies in Australia and internationally. It has
developed advisory contacts in the Asia-Pacific Region, as well as
close connections with prestigious academic and policy formulating
institutions in China, Europe and the United States.
Career opportunities
The Master of Business Economics promotes your career prospects in
the public sector – government departments, allied agencies, NGOs –
as well as the private sector in consulting firm, research departments in
banks and financial institutes as well as market research firms.
On-campus,
Caulfield
Master of Business Economics
3 semesters full-time, 6 semesters part-time
Aimed at
Early career or experienced professionals seeking to extend
their economics expertise
Course code
3842
Entry
requirements
An Australian bachelor degree or an equivalent qualification
with a major in economics and a Weighted Average Mark

(WAM) of 60% or an equivalent Grade Point Average (GPA)
as determined by the faculty.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
12 units
6 core units
6 elective units
6 core units:
Applied economics issues research paper
Game theory and business strategy
Special research topics in applied economics
Applied microeconomics
Applied macroeconomics
One quantitative unit approved by the course coordinator
Electives
Six graduate level units – a maximum of 4 can be chosen
outside the field of economics from any faculty.
Graduate Diploma in Economic Studies
This course is aimed at graduates of disciplines other than economics
and commerce, graduates who have studied only the equivalent of
first-year economics or economics/commerce graduates of more
than ten years’ standing. It is designed to provide you with a sound
understanding of economics and economic statistics issues and their
function in the business world. Specialisations in economics and
econometrics are available.
Students who achieve a high standard will be able to progress to
further graduate work.
On-campus,

Clayton
Graduate Diploma in Economic Studies
2 semesters full-time*
Course code
0172
Entry
requirements
An Australian bachelor degree or an equivalent qualification
and a Weighted Average Mark (WAM) of 55% or an
equivalent Grade Point Average (GPA) as determined by
the faculty. It is preferred that applicants have successfully
completed year 12 mathematics or equivalent.
Applicants will be ranked and selected based on their entire
academic record.
Economics stream Econometrics stream
Course
structure
8 units
3 core units
5 elective units
8 units
2 core units
6 elective units
3 core units: 2 core units:
Microeconomics** Microeconomics**
Macroeconomics Macroeconomics
Business and economic
statistics
Electives
Three units from the

Department of Economics
and a further two units
from the Department
of Economics or
the Department of
Econometrics and Business
Statistics. Some year level
restrictions apply.
Four units from a prescribed
list plus a further 2 units
selected from second or
third-year units available in
the Bachelor of Economics
degree.
* Due to unit prerequisites, students with no prior economics or statistics
knowledge may need to take more than two semesters to complete this course.
**Due to the sequential nature of Microeconomics and Macroeconomics, students
will not be able to take all the core units in the first semester of their course.
22
COURSEWORK PROGRAMS
Economics, Health Economics and Econometrics
Master of Economics
The Master of Economics provides training in advanced applied
economic tools and experience in undertaking independent research.
The program is aimed at early career economists, and recent
graduates, who wish to acquire the skills needed to practice as
professional economists conducting original and independent
research. The course also provides a pathway to undertake further
study at the PhD level.
An Honours degree is not a prerequisite for entry and the Masters of

Economics can be studied part time while working full time.
This is a research-led coursework masters and you will be expected
and encouraged to present your research ideas and concepts in a
public setting. Unit assignments and exams will measure your ability
to use advanced applied economic tools and understand advanced
concepts. The course content and outcomes are directly informed
by and reflect the current and ongoing research engagement of the
lecturing staff.
Career opportunities
Graduates will have the opportunity to work as professional
economists conducting rigorous and independent economic analysis
for the public sector, mainly in government departments and allied
agencies as well as NGOs, and the private sector, in consulting firms,
research departments in banks and finance houses, and market
research firms. Alternatively, graduates can go on to a higher degree
(PhD) by research.
On campus,
Clayton
Master of Economics
2 years full-time, 4 years part-time
Aimed at
Early career professionals seeking to extend their
economics expertise
Course code
4427
Entry
requirements
An Australian bachelor degree or an equivalent
qualification with a major in economics or in a
mathematical or quantitative discipline, or the economics

stream in the Graduate Diploma in Economic Studies
awarded by Monash University, and a Weighted Average
Mark (WAM) of 70% or an equivalent Grade Point
Average (GPA) as determined by the faculty.
Applicants will be ranked and selected based on their
entire academic record
Course
structure

14 units
9 core units
5 elective units
9 core units:
Microeconomics
Macroeconomics
Research paper
Microeconomic theory
Macroeconomic theory
Mathematical economic theory
Economics research paper (12 points)
Two econometrics units approved by the course coordinator
Electives
Plus 3 units from the following list:
Development economics
International trade policy
Competition, regulation and policy
Post-Keynesian economics
Law and economics
Project evaluation
Public economics

Welfare economics
Economics of industry, institution and organisation
Health economics
Economic evaluation of health services
Quantitative economic policy
Plus 2 units from the following list:
Public economics
Information, incentives and games
Any fourth year unit offered by the Department of
Economics and not previously completed.
23
Graduate Diploma in Health Economics
and Policy
The Graduate Diploma in Health Economics and Policy is an eight-
unit program developed to meet the needs of health professionals,
clinicians and policy makers for postgraduate qualifications in health
economics.
No previous background in economics is required. The program
has been structured in such a way that you are able to specialise
in applied health economics, economic evaluation and international
health economics and policy.
Career opportunities
These programs are designed to provide the skills necessary to
pursue a future career as academic or policy-oriented economists,
as administrators in the health sector, or as health care program
evaluators.
Off-campus
only
Graduate Diploma in Health Economics and Policy
4 semesters part-time

Course code
3807
Entry
requirements
An Australian bachelor degree or an equivalent qualification
with a Weighted Average Mark (WAM) of 55% or an
equivalent Grade Point Average (GPA) as determined by the
faculty with due consideration given to relevant employment
experience.
Applicants will be ranked and selected based on their entire
academic record.
Course
structure
8 units
4 core units
4 elective units
3 core units:
Introduction to microeconomic theory and policy
Introduction to health economics
Applied health economics and health policy
Including one of the following core units:
Pharmaceutical economics
Economic evaluation in health care
Electives
Four elective units from a prescribed list
Graduate Certificate in
Pharmacoeconomics
The Graduate Certificate in Pharmacoeconomics is a four-unit course
designed for those involved in the pharmaceutical industry. It provides
an understanding of the economics of pharmaceuticals in health care

systems. You will gain the skills necessary to apply economic analysis
to the evaluation of pharmaceuticals and the broad policy issues
affecting the pharmaceutical industry.
Areas of study include cost-effectiveness analysis of drug therapy,
economic modelling to support the inclusion or exclusion of a drug on
a national formulary, design of a clinical trial to evaluate the efficacy
and cost-effectiveness of drugs, and methods of evaluation of health
and non-health outcomes of drug use.
Off-campus
only
Graduate Certificate in Pharmacoeconomics
2 semesters part-time
Course code
2681
Entry
requirements
An Australian bachelor or an equivalent qualification with a
55% Weighted Average Mark (WAM) or an equivalent Grade
Point Average (GPA) as determined by the faculty.
Applicants will be ranked based on relevant work experience
and their entire academic record.
Course
structure
4 units
Introduction to microeconomic theory and policy
Introduction to health economics
Pharmaceutical economics
Introduction to epidemiology and biostatistics
Health Economics programs
The economic analysis of the health care sector, its policies and

interventions, is relevant to clinicians and health professionals and
those involved in the production, use, delivery and regulation of health
care programs and interventions.
The Centre for Health Economics is home to Australia’s most
extensive teaching program in Health Economics. There are a range
of postgraduate courses tailored to both economists and non-
economists, and delivered via off-campus learning.