Graduate Diploma in Economics

This course can provide a formal qualification in the field of economics for graduates with little background in the discipline, or it can act as a refresher course in economics for those whose initial studies occurred some time ago.

It is also a broadening course for those who wish to extend their knowledge of economics into areas not previously studied such as Economic Development, Economic Policy, Agricultural and Resource Economics or Advanced Economic Theory.

Finally, it can be a qualifying step towards higher studies, particularly the Master of Economics program.

Course Aims

The Graduate Diploma in Economics is designed for graduates who wish to gain specialised knowledge and skills in the area of economics. It also offers a pathway for graduates who wish to proceed to Masters or PhD degrees in economics and related fields.

Learning Outcomes

Upon completion of this course, students will be able to: identify, coherently explain and synthesise disciplinary concepts to economic issues at an advanced level; apply critical economic reasoning and advanced analytical skills to complex problems, in order to make informed judgements and decisions; reflect on the nature and implications of assumptions and value judgements in economic analysis and policy; use quantitative methods to analyse economic issues and understand their role in economic decision-making and policy decisions; and demonstrate proficiency in information transfer in written and oral formats at a professional level.

Graduate Attributes

Knowledge of a Discipline Students develop advanced knowledge in the areas of economics and related fields through lectures, tutorials, readings, online activities, practical experience and interaction with unit coordinators. Knowledge will be assessed through a variety of assessment tasks such as assignments, examinations and report writing. This course emphasises the use and application of economic skills in regional, national and international contexts. A global perspective is important in understanding issues confronting economists in a continuously changing environment. Communication Skills Communication skills are essential in this course and students will develop both written and oral competency. These communication skills will be taught, practised and assessed in numerous activities including written assignments, report writing based on professional workplace experience, oral presentations, in-class and online discussions. Problem Solving Students will combine discipline knowledge with information literacy skills to develop their adeptness in being able to apply critical thinking to identify problems and to formulate solutions, particularly through the application of advanced discipline knowledge to real-world issues. Information Literacy Students will use various forms of media to obtain information and data for written assignments and other assessment tasks. Students will be able to use, critically analyse, interpret, construct and communicate economic and quantitative data, with an emphasis on economic decision making and policy applications. Ethical Conduct and Social Responsibility Students are taught numerous dimensions of social responsibility in relation to economic decision making. Students will be able to acknowledge and respect the viewpoints and ideas of others, behave ethically, and appreciate the importance of the environment and sustainability. Lifelong Learning Lifelong learning skills are taught and practised in assessment tasks. The discipline knowledge, information literacy and problem solving skills obtained in this course equip students with the ability to understand, interpret and critically evaluate regional, national and international economic issues. Students have the opportunity to undertake independent research and gain experience in oral seminar presentations. Independence and Collaboration Students will have worked independently and collaboratively with a multidisciplinary group to achieve common goals, solve problems, contribute specialist knowledge and contribute to group performance.