Graduate Course Guide 2018 - monash.edu/business - Monash University

 
Graduate Course Guide 2018 - monash.edu/business - Monash University
Graduate
Course Guide
2018
monash.edu/business
Graduate Course Guide 2018 - monash.edu/business - Monash University
Welcome to
             Monash Business
             School

                 Top 100          Top 50

0 1                      1
No                  No

                 Ranked top       Ranked in
                 100 in           the top 50
 4               the4world        Accounting and finance
                                  Business and
                                  management studies
                                  Economics and econometrics
                                  By QS World University
                                  Ranking 2016/17

     2   Monash Business School
Graduate Course Guide 2018 - monash.edu/business - Monash University
Monash is home to one of the world’s
leading research-intensive business schools.
Our ambition is to transform business
by advancing knowledge and
addressing the global challenges facing
industry, now and in the future.

Our graduates are highly sought                      This truly global standing is          These accreditations show that
after by the world’s top recruiters.                 reflected in our world rankings.       we stand confidently among the
Based on surveys of 2500                             Monash Business School                 best of the best, and that we
international recruiters from                        is among the 1 per cent of             continue our upwards trajectory.
20 countries, Monash consistently                    business schools worldwide             Organisations across the globe
ranks among the top 10                               that hold the prestigious ‘triple      will recognise these achievements
universities in Asia and Oceania,                    crown’ of quality accreditations       – and your qualification – as
and 33 in the world in the Global                    by the three main business             meeting true standards of quality.
Employability University Ranking*.                   school accrediting bodies: the
Our 100,000+ alumni pursue their                     Association to Advance Collegiate
careers across 113 countries,                        Schools of Business (AACSB)
many of whom occupy positions                        the EFMD Quality Improvement
of influence and leadership in                       System (EQUIS) and the
business and government.                             Association of MBAs (AMBA).

                                                        10                   10
                                                                                   No
                                                                                        1      No
                                                                                                    1
Research excellence

   No
        1
                                                                                    4             4

Ranked No. 1 in                                      5 Star rating                          4 Star rating
Asia-Pacific region                                  (Well above world standard)            (Above world standard)

      4
Econometrics                                         Econometrics                           Applied economics
Cognitive and behavioural                            Accounting, auditing                   Banking and finance
economics                                            and accountability                     Business and
Development economics                                Marketing                              management
By Research Papers in                                Excellence in Research for             Excellence in Research for
Economics (RePEc)                                    Australia (ERA) 2015 report            Australia (ERA) 2015 report

* Published by Times Higher Education and the New York Times.

                                                                                                                                 Monash Business School   01
Graduate Course Guide 2018 - monash.edu/business - Monash University
Define your professional path with a graduate
         degree from Monash Business School

         Whether you want to                                                           Global experiences
         change careers or reinforce                                                   You are guaranteed a global education with
                                                                                       Monash Business School.
         your knowledge in your current                                                As a global university with a presence on four continents,
         field, we have a course to                                                    you have access to international exchanges, internships
                                                                                       and collaborative research programs. You’ll benefit from our
         help you achieve your goals.                                                  international reputation, global partnerships and extensive
                                                                                       business networks, and will graduate knowing that your
         A master’s in business is a valuable                                          degree is recognised by employers around the world.
         investment in your future and will turn
         your career aspirations into actions.
         Many of our students use their graduate degree
         as a springboard to land a more senior job in
         their industry, while others take the skills and
         knowledge they have accumulated to change                                     Student exchange                Research
         career direction or launch their own enterprises.                             programs*                       collaborations*
         And, you can tailor your course to suit your needs
         – full-time or part-time, on-campus or off-campus,
         at home or overseas. You can do coursework
         or a research project, with the flexibility to study
         when and where you choose, and benefit
         from working with industry along the way.
                                                                                       Internship and corporate        Research and
                                                                                       project programs*               consulting services*

         *F
           ind out more at business.monash.edu/graduate-programs/student-experience

02   Monash Business School
Graduate Course Guide 2018 - monash.edu/business - Monash University
Connecting education                                          Making your return
and industry                                                  to study easier
At Monash we believe the educational experience               We know you have many priorities
is extended through collaboration, challenging                and commitments. That’s why we
the status quo and navigating uncharted territory.            offer flexible study modes to allow
                                                              you to build your study around your
                                                              life. Most courses are offered in both
                                                              full-time and part-time study modes.
                                                              Some units, including those offered in our
                                                              MBA program, are offered in intensive
                                                              block mode allowing you to arrange
Closely aligned                        Extensive links with   a short break from work to complete
with industry*                         business faculties     a unit, and some are offered outside
                                       around the world*      business hours, online or via distance
                                                              study. It’s whatever works best for you.

Close ties with global corporate
organisations and government bodies*
                                                              Academic development
                                                              We offer programs that
In addition to our international accreditations,              assist you with academic
Monash Business School is a member of or signatory to:        skills and development.
– Association of Asia-Pacific Business Schools (AAPBS)
– Globally Responsible Leadership Initiative (GRLI)
– Quantitative Techniques for Economics
  and Management (QTEM)
– Principles for Responsible Management
  Education (PRME)

Many of our graduate programs are also recognised by          Career development
professional bodies and associations. They may enable         and planning
you to satisfy educational requirements for professional
                                                              Our mentoring and career readiness
registration or membership. These bodies include:             programs help you develop into a
–   Australian Human Resources Institute (AHRI)               well-rounded employee who is able
–   Australian Institute of Management (AIM)                  to engage in the global marketplace.
–   Australian Marketing Institute (AMI)
–   Chartered Accountants Australia
    and New Zealand (CA ANZ)
–   CFA Institute
–   Chartered Institute of Management Accountants (CIMA)
–   CPA Australia
–   Financial Services Institute of Australasia (Finsia)
                                                              Online and distance
–   The Institute of Actuaries of Australia
                                                              study options
–   Institute of Public Accountants (IPA)
–   Tax Practitioners Board.
                                                              We offer online and distance options
                                                              for some of our courses to help you
                                                              balance university with work, family
                                                              and other personal commitments.

                                                                                            Monash Business School   03
Graduate Course Guide 2018 - monash.edu/business - Monash University
Our programs
         We offer a blend of coursework and
         research-based programs that are designed
         to develop your theoretical knowledge and
         practical skills.

         Many of our graduate programs give you the ability to tailor your
         studies to your personal interests and career goals through our
         extensive elective units.
         Most courses offer the ability to study elective units from across
         your discipline area, and many also give you the opportunity to
         choose your electives from units offered by other faculties of the
         university. We also offer research pathways in many of our
         master’s courses, giving you the opportunity to explore research
         opportunities before commencing a PhD.

         Graduate certificates                 Master’s by                              Double master’s
         and diplomas                          coursework                               degree
         These shorter programs enable you     Our extensive master’s programs          For students who wish to develop
         to extend your knowledge in general   enable you to grow your expertise        skills in different disciplines, we offer
         business principles. Their flexible   in a specific area of business, and      a unique double master’s degree
         structure means you can study broad   significantly propel your career and     program – the Master of Professional
         business units, or take a sequence    earning power. We offer an extensive     Accounting and Master of Business
         of units in a specific discipline.    range of master’s programs for           Law. This program allows you to
         Successful completion of these        both early career professionals and      graduate with qualifications in two
         programs may also lead to admission   experienced professionals across the     diverse areas of business in a similar
         into our master’s programs.           full spectrum of business disciplines.   time frame to a traditional two-year
                                                                                        master’s program.

         The Monash                            Research
         MBA                                   degrees
         Our top-ranking MBA program is        Our Master of Philosophy and
         designed to help take your already    Doctor of Philosophy programs
         successful career to the next         are designed to provide the
         level and develop your leadership     background and skills necessary
         and management skills.                to conduct independent research,
                                               and prepare you for an academic
                                               career in teaching and research.

04   Monash Business School
Graduate Course Guide 2018 - monash.edu/business - Monash University
Graduate certificates and diplomas        Management
Graduate Certificate in Business     6    Master of Human
                                          Resource Management                    27
Graduate Diploma in Business         6
                                          Master of Management                   28
Graduate Diploma in Human
Resource Management                  7
                                          Marketing
Accounting                                Master of Marketing                    30
Master of Professional Accounting    8
Master of Accounting                 9    Multidisciplinary Programs
                                          Master of Environment
                                          and Sustainability                     33
Business
                                          Master of Financial Mathematics        34
Master of Business                   11
Master of Business Law               14   Master of Project Management           35

Master of International Business     16
                                          Double Masters Programs
Banking and Finance                       Master of Professional Accounting
                                          and Master of Business Law             36
Master of Applied Finance            19
Master of Banking and Finance        20   MBA Program
                                          The Monash MBA                         38
Economics and Econometrics
Master of Actuarial Studies          22   Research Programs
Master of Applied Economics               Monash Doctoral Program                40
and Econometrics                     23
                                          Master of Philosophy                   41

                                                                    Monash Business School   05
Graduate Course Guide 2018 - monash.edu/business - Monash University
Graduate certificates
 and diplomas

                                   Graduate Certificate in
                                   Business
                                   The Graduate Certificate in Business gives you
           Caulfield
                                   the chance to take your career in a new direction
                                   and explore a variety of business areas.
           6 months
                                   You’ll broaden your current skill set and       Entry requirements
           Full time or            have a strong foundation in your preferred      An Australian bachelor’s degree or
           part time               discipline. Choices include marketing,          equivalent qualification with a Weighted
                                   public sector management, human                 Average Mark (WAM) of 55 per cent or
           Day and                 resources, economics and more.                  an equivalent GPA as determined by the
           evening classes                                                         faculty. You’ll be ranked and selected
                                                                                   based on your entire academic record.
           February
           and July

      C
      C    Cricos code:
      C
           069580E

     COURSE CODE: B4001

                                   Graduate Diploma
                                   in Business
           Caulfield               The Graduate Diploma in Business allows
                                   you to build on your knowledge and acquire
           1 year                  expertise in your chosen area of business.
           Full time or            An additional feature of this course is the     Entry requirements
           part time               ability to direct your studies in the area of   An Australian bachelor’s degree or
                                   health and economics by studying selected       equivalent qualification or approved
           Day and                 health, pharmaceutical and policy-related       pathway, with a Weighted Average Mark
           evening classes         units, delivered by Monash Business             (WAM) of 55 per cent or an equivalent
                                   School’s Centre for Health Economics.           GPA as determined by the School.
           February                                                                You’ll be ranked and selected based
           and July                                                                on your entire academic record.

       C
       C   Cricos code:
       C
           069579J

     COURSE CODE: B5001

06     Monash Business
               MONASH  School
                         BUSINESS SCHOOL
                                    06
Graduate Course Guide 2018 - monash.edu/business - Monash University
Graduate certificates
                                                                                                                          and diplomas

Graduate Diploma in
Human Resource Management
In this course you’ll address the key areas of
                                                                                                                 Caulfield
contemporary HR practice and increase your capacity
to influence change and make logical judgments.
                                                                                                                 1 year
If you want to pursue graduate studies        Accreditation and
in HR, or are a HR professional keen          professional recognition                                           Full time or
to formalise your education in the                                                                               part time
                                              This course may lead to accreditation
field, this program is for you.
                                              with the Australian Human
                                              Resources Institute (AHRI).                                        Day and evening
                                                                                                                 classes.
Entry requirements
An Australian bachelor’s degree or                                                                               February
equivalent qualification with a Weighted                                                                         and July
Average Mark (WAM) of 55 per cent, plus
two years work experience. You’ll be ranked                                                                 C
                                                                                                            C    Cricos code:
based on your entire academic record.                                                                       C
                                                                                                                 033930G

                                                                                                           COURSE CODE: B5002

                                                                      “Monash Business School was
                                                                       my number one choice for
                                                                       graduate education. As a Group
                                                                       of Eight university, it has great
                                                                       influence and respect globally.
                                                                       Employers recognise the value
                                                                       of a Monash qualification, no
                                                                       matter where you come from
                                                                       or where you career takes you.”
                                                                       WAN ARMA IDAYU BT
                                                                       ABDUL RAHMAN
                                                                       Master of Business Law graduate
                                                                       Principle Assistant Secretary,
                                                                       Ministry of Defence, Malaysia

                                                                                                           Monash Business School      07
Graduate Course Guide 2018 - monash.edu/business - Monash University
Accounting

                                Master of
                                Accounting
                                Designed for accounting graduates who want to take the next step
           Caulfield
                                in their careers, the Master of Accounting connects research and
                                practice to give you a deep understanding of the latest applications.
           1, 1.5 or 2 years
                                In this program you’ll develop skills across                       The program structure combines core units and
           Full time or         specialist fields of practice, including accounting                elective options so you can tailor your professional
           part time            information systems, financial accounting,                         learning with your career goals and interests. This
                                forensic accounting, auditing and management                       course also allows you to undertake a research
           Day and              accounting to a high-level of proficiency.                         pathway, if you’re interested in pursuing a PhD.
           evening classes

           February
           and July             Course structure                                                                       Entry requirements
                                The course consists of three parts. Part A. Advanced preparatory studies,              Depending on your prior
      C
      C    Cricos code:         Part B. Mastery knowledge and Part C. Application studies. All students                qualifications and experience,
      C
           095692C              complete Part B. Depending upon your prior qualifications, you may                     you may be eligible for entry credit
                                receive credit for Part A or Part C or a combination of both.                          which reduces the duration.
                                                                                                                       Applicants must prepare
                                 Part A.                 Part B.                              Part C.                  a Candidate Statement in
                                 Advanced preparatory    Mastery knowledge                    Application studies
     COURSE CODE: B6002                                                                                                which they are required to
                                 studies                 (48 credit points)                   (24 credit points)
                                 (24 credit points)                                                                    demonstrate that they possess
                                                                                                                       the motivation and academic
                                 You must complete:      You must complete:                   Students must            skills required to successfully
                                 – Accounting            a. Seven units (42 points):          complete either:
                                                                                                                       complete the program.
                                   information systems   – Management                         Up to four
                                 – Management               control systems                   elective units
                                   accounting
                                                                                                                        Eligibility                          Duration
                                                         – Strategic management               or                        (In equivalent Australian            (Years)2
                                 – Advanced financial       accounting                        Two research units:       qualification terms)1
                                   accounting            – Forensic accounting and            – Research
                                 – Auditing and             fraud examination                   methods                 Bachelor’s degree or an              2
                                   assurance             – Financial statement analysis                                 equivalent qualification
                                                                                              – Research project
                                                            and business valuation              in accounting           with a major in accounting
                                                         – Financial reporting issues           (12 points)             with WAM of 65%
                                                         – Business analytics
                                                                                              Plus, one of the          Bachelor’s degree in              1.5
                                                         – Integrated systems for             following units:          accounting and additional
                                                            business enterprises                                        qualification3 in a related field
                                                                                              – Issues in
                                                         b. A capstone experience                accounting
                                                            unit (6 points minimum)              information            Bachelor’s degree in                 1
                                                            from the following:                  systems                accounting and a
                                                         – Applied contemporary               – Issues in auditing      Graduate Certificate,
                                                            accounting                           and assurance          OR Bachelor’s degree in
                                                         – International study                – Issues in financial     accounting and a honours
                                                            program in accounting                auditing               degree in accounting
                                                         – Industry placement                 – Issues in               with at least a second
                                                                                                 management             class division A
                                                         – Industry placement
                                                            (12 points)*                         accounting             OR Bachelor’s degree
                                                                                                                        in accounting and
                                                         * If you complete this 12-point                                have completed one
                                                         unit as your capstone experience                               of the following:
                                                         you will only need to complete 18                              the Practical Experience
                                                         points for Part C. This also means                             Program of CA ANZ; CPA
                                                         you will not be able to complete                               Program including the Your
                                                         the research pathway in Part C.                                Experience requirements;
                                                                                                                        the Mentored Experience
                                                                                                                        Program (MEP) of the IPA,
                                Accreditation and                                                                       OR; the Professional ACCA
                                                                                                                        Qualification including
                                professional recognition                                                                the Practical Experience
                                By studying this course you may be eligible for exemptions                              Requirements (PER)
                                towards Chartered Institute of Management Accountants
                                                                                                                       1. Selection is based on previous academic
                                (CIMA) papers, and associate and entry to CPA Program                                     achievement. For further details, see study.
                                                                                                                          monash/courses. You’ll be ranked and selected
                                of CPA Australia, entry to Chartered Accountants Program                                  based on your entire academic record.
                                of Chartered Accountants Australia and New Zealand, and                                2. Even if you’re eligible for a shorter
                                                                                                                          course duration you may elect to
                                associate membership of the Institute of Public Accountants.                              complete the longer duration.
                                                                                                                       3. Qualification must satisfy the educational
                                                                                                                          requirements for entry to one of the following
                                                                                                                          professional accounting programs: Chartered
                                                                                                                          Accountants Program of Chartered
                                                                                                                          Accountants Australia and New Zealand (CA
                                                                                                                          ANZ); CPA Program of CPA Australia; IPA
                                                                                                                          Program of the Institute of Public Accountants
                                                                                                                          (IPA), or; Foundation Level of the Association
                                                                                                                          of Chartered Certified Accountants (ACCA)
08     Monash Business School
Accounting

Master of Professional
Accounting
If you’re looking to complement your undergraduate
                                                                                                                                                Caulfield
studies with an accounting qualification, the Master
of Professional Accounting is the program for you.
                                                                                                                                                2 years
You’ll explore all aspects of business, as well as financial and
management accounting in this course. You’ll also gain the                                                                                      Full time or
fundamental skills across accounting information systems                                                                                        part time
and auditing, to ensure you’re ready to work in the field.
                                                                                                                                                Day and
                                                                                                                                                evening classes

                                                                                                                                                February
Course structure                                                                       Entry requirements                                       and July
The course is structured in three parts. Part A. Advanced                              An Australian bachelor’s degree in
preparatory studies, Part B. Mastery knowledge and Part                                a non-accounting discipline with a                  C
                                                                                                                                           C    Cricos code:
                                                                                                                                           C
C. Application studies. All students complete Part B.                                  Weighted Average Mark (WAM) of                           082336G
                                                                                       60 per cent or an equivalent GPA
                                                                                       as determined by the faculty. You’ll
 Part A. Advanced        Part B.                            Part C.                    be ranked and selected based
 preparatory studies     Mastery knowledge                  Application studies        on your entire academic record.
                                                                                                                                          COURSE CODE: B6011
 (24 credit points)      (60 credit points)                 (12 credit points)

 Five units:             Nine units:                        Two elective units          Eligibility                   Duration
 – Introductory          – Strategic management             We recommend you            (In equivalent                (Years)
                                                                                        Australian
    accounting              accounting                      complete electives          qualification terms)1
 – Law and               – Accounting information           from the following list:
    commercial              systems                         – Management                Bachelor’s degree             2
    decisions            – Financial accounting                control systems          in any field (other
 – Economics             – Management accounting            – Forensic accounting       than accounting)
 – Business              – Advanced financial accounting       and fraud
    statistics                                                 examination
                         – Auditing and assurance                                      1. Selection is based on previous academic
                                                            – Financial statement
                         – Business finance                                               achievement. For further details, see study.
                                                               analysis and               monash/courses. You’ll be ranked and selected
                         – Corporations law                    business valuation         based on your entire academic record.
                         – Taxation law                     – Financial reporting
                         One capstone experience               issues
                         from the following:                – Integrated systems
                         – Integrated accounting               for business
                                                               enterprises
                         – International study                                         Accreditation and
                            program in accounting           – Applied
                         – Industry placement (12 points)      contemporary            professional recognition
                                                               accounting              By studying this course you
                                                                                       may be eligible for exemptions
                                                                                       towards Chartered Institute of
                                                                                       Management Accountants (CIMA)
                                                                                       papers, and associate and entry
                                                                                       to CPA Program of CPA Australia,
        “The most important outcomes                                                   entry to Chartered Accountants
         from studying the Master of                                                   Program of Chartered Accountants
         Professional Accounting was                                                   Australia and New Zealand, and
         commencing study towards                                                      associate membership of the
         my CPA/CA accreditation,                                                      Institute of Public Accountants.
         broadening my financial
         knowledge, developing my
         business acumen and having
         confidence in my financial
         decision-making abilities.”
         KATE HYLAND
         Master of Professional
         Accounting graduate
         Finance Manager
         (contracting)

                                                                                                                                    09    Monash Business School     09
“This program expands
        your thinking and
        develops your strategic
        focus. The ability to study
        my area of specialisation
        (marketing), while also
        gaining insight into
        other areas of business,
        was invaluable.”
         SOPHIE METTRICK
         Master of Business graduate
         Marketing and Communications Manager
         at Whitbread Insurance Brokers

10   Monash Business School
Business

Master of
Business
Forward-thinking and industry-focused, the Master of Business                                                                   Caulfield
is designed to develop your leadership and interpersonal skills,
and transform the way you operate in professional contexts.                                                                     1, 1.5 or
                                                                                                                                2 years
Designed for recent graduates, the course                The flexible course structure allows you to build a
will give you the expertise you need to enter            personalised master’s degree, with the option to                       Full time or
the corporate world, and provides you with a             specialise in one of eleven key business disciplines,                  part time
broad-ranging master’s degree in business.               or select from across the units to tailor the degree
                                                         to suit your career goals. You’ll develop the tools to                 Day and
                                                         make a difference in industry as well as essential                     evening classes
                                                         skills for business success, including critical thinking,
                                                         communication, and relationship management.                            February
                                                                                                                                and July

                                                                                                                           C
                                                                                                                           C    Cricos code:
Specialisations                                                                                                            C
                                                                                                                                079669B

Business ethics                         Commercialisation                         Units in this specialisation include:
and society                             You’ll develop the skills to              – Project management
You’ll investigate the role of          commercialise scientific                  – IT for management                     COURSE CODE: B6005
businesses as ethical and social        and technological projects.                 decision making
leaders. In this specialisation,        Covering venture finance,                 – Enterprise systems
you’ll gain an understanding            patenting, innovation and wealth          – IT strategy and governance
of the ethical and social issues        pathways, you’re provided with a          – Managing business records
businesses face, and develop your       comprehensive business-focused
                                                                                  – Enterprise architecture
critical engagement and leadership      setting to help you develop
                                                                                    and management
capabilities. You’ll learn how to       business and entrepreneurial
manage diversity, inclusiveness,        acumen. This specialisation is
and work/life balance, and apply        aimed at those with a background          Law and responsible
these skills within managerial          in science or technology who              business
roles in the private, public            are keen to develop their
                                        commercialisation expertise.              Regulatory issues are important
and not-for-profit sectors.
                                                                                  in the business environment.
Units in this specialisation include:   Units in this specialisation include:     You’ll learn how legal and social
                                        –   Commercialisation project A           responsibility considerations
– Business ethics in a
                                        –   Commercialisation project B           affect business decision
  global environment
                                                                                  making, as well as the legal
– Corporate social responsibility       –   Financial management theory
                                                                                  issues affecting other business
– Professional development              –   Patenting for commercialisation
                                                                                  functions, such as corporate
  - Career dynamics                     –   Managing innovation                   governance, taxation, marketing,
– Professional Development              –   Commercialisation                     corporate social responsibility
  - Self and relationships                                                        and human resources.
– Managing diversity and inclusion
– Leadership theory and practice
                                        Information technology                    Units in this specialisation include:
– Managing work, family and life        Focusing on current practices and         – Corporate governance
                                        emerging IT strategies in business        – Workplace and
– Cross-cultural management
                                        contexts, you’ll be introduced              investment taxation
  communication
                                        to the management, creation,              – Law and commercial decisions
                                        storage, retrieval and dissemination
                                                                                  – Sustainability regulation
                                        of business data in organisation-
                                        wide frameworks. You’ll also              And two units from the following:
                                        gain a high-level understanding
                                                                                  – Comparative business
                                        of project management.
                                                                                    law in Asia
                                                                                  – Intellectual property
                                                                                    and marketing law
                                                                                  – Chinese business law
                                                                                  – Financial services regulation
                                                                                  – Human resource
                                                                                    management law

                                                                                                                          Monash Business School          11
Business

                              Master of
                              Business
                              Managing Human Capital                  Units in this                        And two units of the following:
                              This specialisation gives you an        specialisation include:              – Climate change and carbon
                              understanding of the theoretical and    – Project management                   management strategies
                              practical issues of managing people     – Applied project management         – Sustainability regulation
                              in labour markets. The units focus      – Computer based global              – Risk financing and
                              on strategic and operational people       project management                   treasury management
                              management issues, as well as the       – Project finance                    – Quantitative methods
                              broader international context facing    – Business finance                     for risk analysis
                              today’s managers. Also covered
                                                                      – Designing business processes
                              are industrial relations, consulting,
                                                                                                           Supply Chain Management
                              public sector management and
                              general people management issues.       Quantitative                         You’ll focus on current practices
                                                                      Business Analysis                    and emerging strategies to improve
                              Units in this specialisation include:                                        supply chain performance. You’ll
                                                                      You’ll develop the advanced
                              – Managing diversity and inclusion      quantitative skills required to      study the strategic management
                              – Managing work, family and life        carry out statistical analysis       of supply chains, as well as
                                                                      in business, economics and           their design and optimisation.
                              – People management and
                                                                      finance. You’ll also develop         We’ll cover the relevant
                                work in a global context
                                                                      skills to report on the findings     business processes, managing
                              – People management and strategy
                                                                      of your quantitative analysis.       innovation, and sustainable
                              – Foundations in human                                                       operations management.
                                resource management                   Your studies may include:
                              – Principles of negotiation                                                  Units in this specialisation include:
                                                                      – Data analysis in business
                              – Foundations in human                                                       – Business optimisation skills
                                                                      – Mathematics for business
                                resource management                                                        – Managing innovation
                                                                      And four of the following units:     – Advanced supply chain
                              Marketing                               – Business forecasting                 management
                              You’ll focus on the central concepts    – High dimensional data analysis     – Services and operations
                              of marketing for business. You’ll       – Business optimisation skills         management
                              learn foundation concepts as                                                 – Sustainable operations and
                                                                      – Introductory applied
                              well as more advanced strategies                                               supply chain management
                                                                        econometrics
                              for buyer behaviour, integrated                                              – Supply chain management
                                                                      – Quantitative methods
                              marketing communication,
                                                                        for risk analysis
                              marketing research, relationship                                             Sustainability
                              marketing, innovation, planning, and    – Data visualisation and analytics
                                                                      – Or other approved units            Focusing on current practices and
                              assessing marketing performance.
                                                                        offered by the Department          emerging strategies to improve
                              Units in this specialisation include:     of Econometrics and                corporate sustainability, you’ll gain
                              – Theory and process of                   Business Statistics                insights from the perspectives
                                buyer behaviour                                                            of governance, ethics marketing
                                                                      Risk Management                      and management. You’ll also
                              – Marketing research
                                                                                                           develop your skills in business and
                              – Integrated marketing                  You’ll explore current practices
                                                                                                           sustainability issues, environmental
                                communication                         and emerging strategies for
                                                                                                           governance and corporate
                              – Marketing and the                     applying enterprise-wide
                                                                                                           sustainability management.
                                international consumer                risk management (EWRM) in
                                                                      complex business structures.         Units in this specialisation include:
                              And two of the following units:         We’ll introduce you to the           – Perspectives on
                              –   Services marketing                  latest practices that allow the        sustainability (12 points)
                              –   Retailing                           management of risk to be
                                                                                                           – Climate change and carbon
                              –   Entrepreneurial innovation          a value driver for business
                                                                                                             management strategies
                              –   International marketing             prosperity and survival.
                                                                                                           – Sustainability regulation
                                                                      Units in this specialisation         – Sustainable operations and
                                                                      include:                               supply chain management
                              Project Management
                                                                      – Case studies in risk
                              You’ll acquire the practical skills                                          And one of the following units:
                                                                        management
                              required by project managers                                                 – Corporate sustainability
                              working in global environments.         – Introduction to risk principles
                                                                                                             management
                              Focusing on modern approaches           – Options, futures and
                                                                        risk management                    – Sustainability measurement
                              to project management, study
                              areas include business and project      – Business finance
                              finances, designing business
                              processes, technological tools
                              for project management, and
                              other organisational functions.

12   Monash Business School
Business

Course structure                                                                             Entry requirements
The course is structured in three parts. Part A. Advanced preparatory                        An Australian bachelor’s degree
studies, Part B. Mastery knowledge and Part C. Application studies.                          or an equivalent qualification
All students complete Part B. Depending upon prior qualifications, you                       or an approved pathway with a
may receive credit for Part A or Part C, or a combination of the two.                        Weighted Average Mark (WAM) of
                                                                                             55 per cent or an equivalent GPA
 Part A. Advanced                Part B.                          Part C. Application        as determined by the faculty. You’ll
 preparatory studies             Mastery knowledge                studies                    be ranked and selected based
 (24 credit points)              (60 credit points)               (12 credit points)         on your entire academic record.
 Four units                      Two units selected from:         Four elective              Depending on your prior
 selected from:                  – Professional development       units
                                                                                             qualifications and experience you
 – Accounting for                  - Career dynamics or
   business*                       Professional Development                                  may be eligible for entry credit
 – Law and commercial              - Self and relationships                                  which reduces the duration.
   decisions**                   – Business ethics in a
 – Economics                       global environment                                         Eligibility                        Duration
 – Business statistics             or Corporate social                                        (In equivalent Australian          (Years)2
                                   responsibility                                             qualification terms)1
 – Principles of
   management                    And either:
                                 – Six units (36 points) from a                               Bachelor's degree                  2
 – Marketing and                                                                              in any field
   the international               specialisation listed below:
   consumer                        •		Business, ethics
                                                                                              Bachelor's degree in               1.5
                                      and society
* This unit is a prerequisite                                                                a related field, OR
                                   •		Commercialisation
   for a unit in the                                                                          Bachelor’s degree in any
   project management              •		Information technology                                  field + relevant expertise3
   specialisation.                 •		Law and responsible
                                      business                                                Bachelor's (Hons)                  1.5
** This unit is compulsory
    in the Law and                 •		Managing human capital                                  degree in any field +
    responsible business           •		Marketing                                               relevant expertise3
    specialisation. Students       •		Project management                                      Bachelor's degree                  1
    completing this                •		Quantitative                                            + relevant expertise
    specialisation should             business analysis                                       in a related field3, OR
    not select this unit.
                                   •		Risk management                                         Bachelor's (Hons)
                                   •		Supply chain 		                                         degree in a related field,
                                      management                                              OR Bachelor's (Hons)
                                                                                              degree in any field +
                                   •		Sustainability
                                                                                              relevant expertise3
                                 Or:
                                 – Six level-5 graduate units,                               1. Selection is based on previous academic
                                   with at least 24 points                                      achievement. For further details, see study.
                                   (four units) from Monash                                     monash/courses. You’ll be ranked and selected
                                                                                                based on your entire academic record.
                                   Business School                                           2. Even if you’re eligible for a shorter
                                                                                                course duration you may elect to
                                                                                                complete the longer duration.
                                                                                             3. For example, by a relevant graduate
                                                                                                certificate or work experience.

                                                                             “I knew I wanted to study
                                                                              business and I knew I wanted
                                                                              to study it at Monash Business
                                                                              School. The degree offered
                                                                              a wide range of potential
                                                                              career options and allowed
                                                                              me to discover my passion
                                                                              in consumer behaviour.”
                                                                              LLEWELLYN STEVENS
                                                                              Master of Business graduate
                                                                              Manager – Regional Client Service at
                                                                              Nielsen, Thailand

                                                                                                                                                Monash Business School   13
Business

                                    Master of
                                    Business Law
                                    This course is designed for non-law graduates and
                Caulfield
                                    those who need specialist legal knowledge in regulatory,
                                    compliance or risk-management positions.
                1, 1.5 or 2 years
                                    You’ll develop a deep understanding of the legal                                      The course offers a distinct business perspective
                Full time or        environment and its impact on business practice in                                    on legal issues and developments, and is ideal if
                part time           corporate governance, financial regulation, Asian                                     you’re looking to advance your legal literacy.
                                    and international business, human resources and
                Day and             workplace relations, marketing and taxation.
                evening classes

                February            Course structure
                and July
                                    The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery knowledge
        C
                                    and Part C. Application studies. All students complete Part B. Depending upon prior qualifications,
        C       Cricos code:
        C                           you may receive credit for Part A or Part C, or a combination of the two.
                82332A
                                     Part A. Advanced             Part B.                                                                                              Part C.
                                     preparatory studies          Mastery knowledge                                                                                    Application studies
                                     (24 credit points)           (48 credit points)                                                                                   (24 credit points)
     COURSE CODE: B6013
                                     Four units:                  Six units:                                     Marketing and commerce                                Four elective units
                                     – Accounting                 – Corporate governance                         – Comparative business law in Asia                    Or
                                       for business               – Business regulation                          – Intellectual property and marketing law             One research
                                     – Economics                    and compliance                               – The globalisation of law and                        pathway unit:
                                     – Business                   – Masters research paper                         development in Asia                                 – Major research
                                       statistics                 – Law and commercial decisions                 – Chinese business law                                   project (18 points)
                                     – Principles of              – Introduction to risk principles              – International trade law                             Plus one
                                       management                 – Case studies in risk                         – Marketing and the international consumer            elective unit
                                                                    management                                   Regulation of the environment and
                                                                  Two elective units from                        corporate social responsibility
                                                                  the following suggested                        – Corporations law
                                                                  areas of study:                                – Sustainability regulation
                                                                  Business regulation in Asia                    – Corporate social responsibility
                                                                  – Comparative business
                                                                                                                 Regulation of international
                                                                    law in Asia
                                                                                                                 business and trade
                                                                  – The globalisation of law                     – Comparative business law in Asia
                                                                    and development in Asia
                                                                                                                 – International law and policy
                                                                  – Chinese business law
                                                                                                                 – Regional trade governance
                                                                  – Regional trade governance
                                                                                                                 – International trade law
                                                                  – Chinese taxation law
                                                                                                                 – International trade policy
                                                                  Human resources and
                                                                  employment regulation                          Taxation and finance regulation
                                                                  – The law of employment                        – Financial planning
                                                                  – Human resources                              – Financial services regulation
                                                                    management law                               – Workplace and investment taxation
                                                                  – Managing people and                          – Chinese taxation law
                                                                    organisations                                – Taxation law
                                                                  (You may also choose level 5 units offered by the Department of Business Law
                                                                  and Taxation or units offered by the Faculty of Law in the Master of Commercial
                                                                  Law, with approval of the Master of Business Law course director).

                                    Entry requirements                                                                     Eligibility                                           Duration
                                    An Australian bachelor’s degree or an equivalent                                       (In equivalent Australian qualification terms)1       (Years)2
                                    qualification with a Weighted Average Mark
                                    (WAM) of 55 per cent or an equivalent GPA as                                           Bachelor's degree in any field                        2
                                    determined by the faculty. You’ll be ranked and                                        Bachelor’s degree in a related field, OR              1.5
                                    selected based on your entire academic record.                                         Bachelor’s (Hons) degree in any field

                                    Depending on your prior qualifications and                                             Bachelor’s degree in a related field +                1
                                    experience you may be eligible for entry                                               relevant expertise in a related field3, OR
                                                                                                                           Bachelor’s (Hons) degree in a related field
                                    credit which reduces the duration.

                                    1. Selection is based on previous academic achievement. For further details, see study.monash/
                                       courses. You’ll be ranked and selected based on your entire academic record.
                                    2. Even if you’re eligible for a shorter course duration you may elect to complete the longer duration.
                                    3. For example, by a relevant graduate certificate.

14      Monash Business School
“The Master of Business Law reflects
 practical legal literacy and business law
 expertise in the corporate world. During
 my time at Zurich, I recognised that
 my Bachelor of Laws didn’t give me the
 practical and business understanding
 required to work in-house for a global
 organisation. I needed more insight to
 the corporate world, and felt that the
 Master of Business Law provided me
 with the opportunity to broaden my
 legal and business knowledge and
 skills to help in my day-to-day job.
 It also allowed me to tailor a program
 to complement my professional
 expertise, and pursue a career
 pathway as Legal Compliance
 Counsel for a global insurer.”
 MELISSA LOZANOVSKI-KALYVAS
 Master of Business Law graduate
 Legal Compliance Counsel, Zurich Australia

                                              Monash Business School   15
Business

                                Master of
                                International Business
                                The Master of International Business will increase your
            Caulfield
                                business and management knowledge, and hone the
                                skills you need to operate from a global perspective.
            1, 1.5 or 2 years
                                You’ll focus on international politics and global business strategy
            Full time or        and communication, further developing your business management
            part time           knowledge. As part of this course you can choose from a
                                specialisation in international business or diplomacy and trade.
            Day and             This course offers a wide range of elective units, allowing you to
            evening classes     tailor the degree to your area of interests and career goals.
            Off campus*

            February
            and July            International Business specialisation                             Diplomacy and Trade specialisation
      C                         You will develop skills in communications and                     Combining foreign affairs and international trade
      C
            Cricos code:        negotiations across cultures, and the ability to                  policy units, you’ll gain a solid understanding of
      C
            082334K             analyse firm internationalisation, international                  global issues. You’ll develop skills to evaluate trends
                                trade and corporate strategy. You’ll also gain                    in foreign and trade policy, an understanding of the
                                an appreciation of the multinational firm, the                    implications of international trade rules, and be able
                                environment in which it operates, and the                         to provide policy advice in the areas of foreign affairs,
     COURSE CODE: B6007         activities required of the international manager.                 trade and development, and international business.

 * Diplomacy and Trade        Course structure
     specialisation only
                                The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery
                                knowledge and Part C. Application studies. All students complete Part B. Depending on prior
                                qualifications, you may receive credit for Part A or Part C or a combination of the two.

                                 Part A.                                 Part B.                                          Part C.
                                 Advanced preparatory studies            Mastery knowledge                                Application studies
                                 (24 credit points)                      (48 credit points)                               (24 credit points)

                                 International business                  International business specialisation            Four elective units
                                 specialisation:                         Eight units                                      Or
                                 – Economics                             – Accounting and finance for                     The three research pathway units:
                                 – Law and commercial decisions             international managers
                                                                                                                          – Introductory management
                                 – Accounting for business               – International trade law
                                                                                                                             research methods
                                 – Business statistics                   – Introduction to international economics
                                                                                                                          – Research report (introduction)
                                 Diplomacy and trade                     – International business strategy
                                                                                                                          – Research report (12 points)
                                 specialisation:                         – International management
                                 – Any four preparatory elective units   – International business theory and practice
                                    from Monash Business School          – Marketing and the international consumer
                                                                         – Cross-cultural management communication
                                                                         Diplomacy and trade specialisation
                                                                         Eight units
                                                                         – International economics
                                                                         – Regional trade governance
                                                                         – International law and policy
                                                                         – International trade policy
                                                                         – International institutions and organisations
                                                                         – Diplomacy and statecraft
                                                                         – Emerging economies in a globalising world
                                                                         – Governance of market societies

16     Monash Business School
Business

Entry requirements
                                              Eligibility                                                                              Duration
An Australian bachelor’s degree               (In equivalent Australian qualification terms)1                                          (Years)2
or an equivalent qualification,
or an approved pathway with a                 Bachelor's degree in any field                                                           2
Weighted Average Mark (WAM) of
60 per cent or an equivalent GPA              Bachelor’s degree in a related field or 2 years                                          1.5
as determined by the faculty. You’ll          relevant experience
be ranked and selected based
on your entire academic record.               Bachelor’s degree in a related field +                                                   1
                                              relevant study in a related field3
Depending on your prior                       OR Bachelor’s (Hons) degree in a related field,
qualifications and experience you             OR Bachelor’s (Hons) degree in any field +
may be eligible for entry credit              2 years relevant experience
which reduces the duration.
                                             1. Selection is based on previous academic achievement. For further details, see study.monash/
                                                courses. You’ll be ranked and selected based on your entire academic record.
                                             2. Even if you’re eligible for a shorter course duration you may elect to complete the longer duration.
                                             3. For example, by a relevant graduate certificate.

           “This program is exceptionally
            unique. It encompasses a vast
            range of historical and current
            international issues, with a
            particular focus on global
            governance and trade. It gives you
            a broad base across economics,
            international law, international
            politics, policy and governance,
            and it provides the opportunity
            to associate daily with people
            from right across the world.”
             JOON HEO (DANIEL)
             Diplomacy and Trade graduate
             Customer Service Consultant, Lufthansa InTouch

                                                                                                                                                       Monash Business School       17
“My graduate studies
         have given me the
         confidence to know
         that I am highly
         employable and can
         provide value within
         the Australian financial
         services market.”
         DAMIEN SHERMAN
         Master of Applied Finance graduate
         Head of ETF Capital Markets, Vanguard Australia

18   Monash Business School
Banking and Finance

Master of
Applied Finance
Are you a finance professional keen to add to your skills?
The Master of Applied Finance lets you align your learning                                                                                             Caulfield

with your career aspirations through advanced studies
in global financial markets, funds management, financial                                                                                               1 or 1.5
                                                                                                                                                       years
planning, money market dealing and business forecasting.
The course covers specialist areas of finance                             The course gives you access to some of Australia’s                           Full time or
                                                                                                                                                       part time
instruction, and is a CFA Program Partner of                              leading academics in the field of finance, as well as
the CFA Institute, which means you can start                              industry experts who draw on their experience to
working towards earning CFA credentials.                                  ensure your studies focus on current concepts and                            February
                                                                          issues. You’ll learn in our state-of-the-art Simulated                       and July
                                                                          Teaching and Research Laboratory (STARLab),
                                                                          gaining valuable practical trading experience.
                                                                                                                                                  C    Cricos code:
                                                                                                                                                  C
                                                                                                                                                  C    084613J
                                                                                                                                                  C
                                                                                                                                                  C
Course structure                                                                              Entry requirements
The course is structured in two parts. Part A. Mastery knowledge and                          An Australian bachelor’s degree
Part B. Application studies. All students complete Part A. Depending                          with a major in finance; or an
                                                                                                                                                 COURSE CODE: B6003
on prior qualifications, you may receive credit for Part A or Part B or a                     Australian bachelor degree with
combination of the two.                                                                       significant work experience in the
                                                                                              finance industry; or an equivalent
 Part A.                                            Part B.                                   qualification. You’ll be ranked
 Mastery knowledge                                  Application studies                       accordingly based on your
 (48 credit points)                                 (24 credit points)                        entire academic record, and a
                                                                                              Weighted Average Mark (WAM)
 Eight units:                                       Four elective units**
                                                                                              of 65 per cent is preferred.
 – Mergers and acquisitions                         Or
 – Advanced security analysis                       The research pathway                      Depending on your prior
 – Global financial markets                         – Research methods                        qualifications and experience
 – Corporate treasury management                    – Research dissertation (12 points)       you will be eligible for entry credit
 – Funds management                                                                           which reduces the duration.
                                                    Plus, one unit from the list below:
 – Case studies in finance*
                                                    – Advanced modelling in finance
 – Options, futures and
                                                    – Issues in corporate finance
   risk management                                                                             Eligibility                       Duration
                                                    – Issues in banking
 – Financial econometrics                                                                      (In equivalent Australian         (Years)2
                                                    – Issues in investments                    qualification terms)1

                                                                                               Bachelor’s degree                 1.5
* This capstone unit incorporates the application of research principles including
                                                                                               in finance, OR
   research methods applicable to the finance professional’s field of work                     Bachelor’s degree in any
**Students can choose from a recommended list to align with the CFA requirements.
                                                                                               field + significant work
                                                                                               experience in the
                                                                                               finance industry

                                                                                               Bachelor’s (Hons) degree          1
                                                                                               in a related field, OR
                                                                                               Bachelor’s (Hons)
                                                                                               degree in any field +
                                                                                               relevant expertise3

                                                                                              1. Selection is based on previous academic
                                                                                                 achievement. For further details, see study.
                                                                                                 monash/courses. You’ll be ranked and selected
                                                                                                 based on your entire academic record.
                                                                                              2. Even if you’re eligible for a shorter
                                                                                                 course duration you may elect to
                                                                                                 complete the longer duration.
                                                                                              3. For example, by a relevant graduate
                                                                                                 certificate or work experience.

                                                                                                                                                 Monash Business School    19
Banking and Finance

                                Master of
                                Banking and Finance
                                This comprehensive course gives you a thorough understanding
           Clayton
                                of the banking and finance industry, and develops your proficiency
                                across areas such as portfolio management, money markets,
           1, 1.5 or 2 years
                                financial management, bank lending and risk management.
           Full time or         The program is designed for people who have                  By connecting research and practice, you’ll develop a
           part time
                                limited prior knowledge in finance and are looking           deep understanding of the banking industry, and have
                                to enter the industry. It is ideal if you want to            practical opportunities to apply your knowledge. You’ll
           Day and              develop strong skills in banking and finance, and            grow your theoretical knowledge, and will strengthen
           evening classes
                                expand your knowledge of financial institutions.             your critical thinking and communication skills.

           February
           and July

      C
      C
      C    Cricos code:         Course structure
           079580M              The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery
                                knowledge and Part C. Application studies. All students complete Part B. Depending on prior
                                qualifications, you may receive credit for Part A or Part C or a combination of the two.

     COURSE CODE: B6004          Part A.                             Part B.                          Part C.
                                 Advanced preparatory studies        Mastery knowledge                Application studies
                                 (24 credit points)                  (48 credit points)               (24 credit points)

                                 Three units (18 points):            Eight units:                     Four elective units:
                                 – Accounting for business           – Case studies and research      You’re recommended to complete
                                 – Economics                           in banking and finance         electives from the following list:
                                 – Business statistics               – Bank lending or Treasury       – Financial statement analysis
                                                                       and financial markets             and business valuation
                                 Plus, one of the following units:   – Institutional asset and        – Introductory accounting
                                 – Law and commercial decisions        liability management           – Management accounting
                                 – Business ethics in a              – Options, futures and
                                   global environment                                                 – Case studies in risk management
                                                                       risk management
                                 – Foundations in human                                               – Global banking institutions and issues
                                                                     – International banking
                                   resource management                                                – Treasury and financial markets
                                                                     – Financial management theory
                                 – Marketing and the                                                  – Funds management
                                                                     – Financial institutions
                                   international consumer                                             – Credit risk modelling
                                                                       and markets
                                                                     – Portfolio management           – Advanced financial planning
                                                                       and theory                     – Mergers and acquisitions
                                                                                                      – Climate change and carbon
                                                                                                         management strategies
                                                                                                      – Introduction to risk principles
                                                                                                      – Financial planning
                                                                                                      – Bank lending
                                                                                                      – Risk financing and treasury management
                                                                                                      – International study program in
                                                                                                         banking and finance

20     Monash Business School
Banking and Finance

Entry requirements
                                               Eligibility                                                                               Duration
An Australian bachelor’s degree,               (In equivalent Australian qualification terms)1                                           (Years)2
or equivalent qualification with a
Weighted Average Mark (WAM) of                 Bachelor’s degree in any field                                                            2
60 per cent or an equivalent GPA
as determined by the faculty. You’ll           Bachelor’s degree in a related field or                                                   1.5
be ranked and selected based                   relevant expertise3, OR
                                               Bachelor’s (Hons) degree in any field
on your entire academic record.
                                               Bachelor’s (Hons) degree in a related field, OR                                           1
Depending on your prior                        Bachelor’s (Hons) degree in any field + relevant expertise3
qualifications and experience you
may be eligible for entry credit             1. Selection is based on previous academic achievement. For further details, see study.
                                                monash/courses. You’ll be ranked and selected based on your entire academic record.
which reduces the duration.                  2. Even if you’re eligible for a shorter course duration you may elect to complete the longer duration.
                                             3. For example, by a relevant graduate certificate or work experience.

            “The Master of Banking and Finance is challenging,
             comprehensive and provides transferable skills that can be
             used across the banking and finance sectors. I continue to
             develop and build on the skills I developed in this course –
             analysing market research, critical and strategic thinking,
             effective communication and presenting techniques.”
             KRISTA DEMIRIS
             Banking and Finance graduate
             Strategic Alliances Consultant, MLC & NAB Wealth

                                                                                                                                                       Monash Business School    21
Economics and Econometrics

                                Master of
                                Actuarial Studies
                                As a Master of Actuarial Studies graduate you’ll
           Clayton
                                be ready to practice as a professional across
                                actuarial or risk management fields.
           1.5 or 2 years
                                The course is designed for technical, mathematical                                     As part of the degree, you can choose from
                                and scientific graduates, and professionals in                                         a wide range of elective units, across the
           Full time or         the early stages of their careers. You’ll broaden                                      fields of econometrics, actuarial practice,
           part time            your knowledge of key mathematical learning                                            economics, business modelling and finance.
                                constructs and gain the skills and professional
                                                                                                                       The course also focuses on developing your
                                values to become an effective actuary.
                                                                                                                       wider business awareness skills, such as
           February                                                                                                    communication, critical thinking, actuarial
                                                                                                                       judgement and professionalism.
      C    Cricos code:
      C
      C
      C
           082326K
      C
                                Course structure
                                The course is structured in three parts. Part A. Advanced preparatory, Part B. Mastery knowledge
                                and Part C. Application studies. All students complete Part B. Depending on prior qualifications,
     COURSE CODE: B6014         you may receive credit for Part A or Part C or a combination of the two.

                                 Part A.                                      Part B.                                                                          Part C.
                                 Advanced preparatory                         Mastery knowledge                                                                Application studies
                                 (24 credit points)                           (60 credit points)                                                               (12 credit points)

                                 Four units:                                  Ten units:                                   – Applied insurance methods         Two elective
                                 – Debt markets and fixed                     – Actuarial practice I                       – Financial mathematics             units
                                   income securities                          – Actuarial practice II                        under uncertainty
                                 – Introductory econometrics                  – Asset liability management                 – Financial econometrics
                                 – Actuarial statistics                       – Macroeconomic and                          – Modelling in finance
                                 – Probability and statistical                  monetary policy                              and insurance
                                   inference for economics                    – Managerial economics                       – Insurance and pensions
                                   and business

                                Entry requirements                                       Depending on your prior                           Accreditation and
                                An Australian bachelor’s degree,                         qualifications and experience you                 professional recognition
                                or equivalent qualification, in                          may be eligible for entry credit
                                                                                                                                           This program may include
                                a technical, mathematical or                             which reduces the duration.
                                                                                                                                           exemptions for Parts I and
                                scientific discipline with a Weighted                    Applicants should be aware
                                                                                                                                           II of subjects of the Institute
                                Average Mark (WAM) of 65                                 that the granting of exemptions
                                                                                                                                           of Actuaries Australia.
                                per cent, or an equivalent GPA                           from particular units may
                                determined by the faculty and                            affect their ability to complete
                                must have passed an introductory                         the subjects required for the
                                statistics unit or equivalent. You’ll                    Actuaries Institute accreditation.
                                be ranked and selected based
                                on your entire academic record.

                                 Eligibility                                                                       Duration
                                 (In equivalent Australian qualification terms)1                                   (Years)2

                                 Bachelor’s degree in a related field3                                             2

                                 Bachelor’s (Hons) degree in a related field, OR                                   1.5
                                 Bachelor’s degree in any field + relevant
                                 expertise in a related field3

                                1. Selection is based on previous academic achievement. For further details, see study.
                                   monash/courses. You’ll be ranked and selected based on your entire academic record.
                                2. Even if you’re eligible for a shorter course duration you may elect to complete the longer duration.
                                3. For example, by a relevant graduate certificate or work experience.

22     Monash Business School
Economics and Econometrics

Master of Applied Economics
and Econometrics
If you’re looking to develop your career in economics
                                                                                                                      Caulfield
or econometrics, this course gives you the analytical
and technical skills you need for the profession,
                                                                                                                      1, 1.5 or 2 years
as well as a solid grounding in commerce.
You can build your knowledge in one of three specialisations:                                                         Full time or
applied econometrics, applied economics and econometrics, or                                                          part time
business economics. With a comprehensive theoretical and practical
curriculum across your chosen field, you’ll develop expertise in applied                                              Day and
economic and econometric tools. You’ll also have the opportunity                                                      evening classes
to undertake independent research in your specialisation.
                                                                                                                      February
                                                                                                                      and July

Applied Econometrics                      Business Economics                     Advance level students          C
                                                                                                                 C    Cricos code:
Specialisation                            Specialisation                         may choose the PhD              C
                                                                                                                      087954G
                                                                                 pathway in economics or
This gives you the econometric            You’ll gain advanced knowledge
                                                                                 econometrics in addition to
and statistical analysis tools            of the theories explaining
                                                                                 the above specialisations.
required in the business,                 and analysing economic
                                                                                 Students choosing the
economics and finance sectors.            policies – focusing on how                                            COURSE CODE: B6001
                                                                                 pathway must consult with
You’ll develop skills in econometric      individuals, households, firms
                                                                                 the course coordinator(s)
techniques across applied                 and governments interact and
                                                                                 from the relevant discipline
econometrics, time series                 how economies work, with an
                                                                                 during Orientation week.
analysis, financial econometrics,         emphasis on economic regulation
macroeconometrics and micro-              and policy. Designed for those
econometrics, and be able to              who want to develop expertise
design and implement applied              in applied economic tools and
econometric projects for the              undertake independent research,
government and business sectors.          this specialisation extends your
                                          knowledge of economic analysis
                                          in the global economy. It focuses
Applied Economics and                     on areas of business strategy,
Econometrics Specialisation               competition policy, economic
You’ll gain the economics and             policy, project evaluation, pricing,
econometrics skills to address            and risk and regulation.
important economic policy
questions. You’ll learn how to use
economic or related theory and
econometric models for assessing
economic and public policies,
and develop the knowledge and
research experience to seek jobs
in the private, public or institutional
sector as an economist.

                                                                                                                Monash Business School    23
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