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Graduate Diploma in Economics

Graduate Diploma.
The University of Melbourne

37

in world overall ranking*

1

in local overall ranking*
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About the course

The Graduate Diploma in Economics is a flexible, shorter graduate qualification designed to develop economics knowledge and capability at an advanced level. It is delivered on campus at Parkville and focuses on building the skills expected of a professional economist at an honours-equivalent standard. Strong performance can provide a pathway to further graduate study in economics and econometrics.

What you might learn

Students build advanced economic analysis skills and learn to apply economic reasoning to real-world policy and business questions. The course aims to develop honours-level competence in core economics concepts and quantitative thinking needed for professional practice. It also prepares high-performing graduates for progression to masters-level or graduate research study in economics and econometrics.

Career outcome

Graduates may pursue roles requiring rigorous economic analysis across government, consulting, finance, and industry. Potential pathways include economist and economic analyst roles where skills in applied economic reasoning and evaluation are valued. The qualification can also support progression into further study leading to research or specialist careers in economics and econometrics.


Living Costs in Melbourne**


living costs restaurant icon
Restaurant
(Meal, Inexpensive Restaurant)
A$ 15 - 20
living costs house icon
Rent per Month
(1 bedroom in City Centre)
A$ 1,583 - 2,094
living costs house icon
Rent per Month
(1 bedroom Outside of Centre)
A$ 1,207 - 1,596
living costs transportation icon
Transportation
(Daily)
A$ 7 - 9
living costs utilities icon
Utilities per Month
(Electricity, Mobile & Internet)
A$ 240 - 318

Average Salary***


Salary Chart
*Source: QS World University Subjects Rankings (2026)
**Source: numbeo.com
***Source: PayScale.com (2026)

Costs

tick icon International:

A$60,992 per year

tick icon Local:

A$37,984 per year

Contact us for more details

Information

tick icon Duration

1 years

tick icon Upcoming Intakes

March, July

campus icon Campuses

Parkville

tick icon Course Code

GD-ECO

hotline icon Hotline

+61 3 9663 5333

email icon Email

australia@augstudy.com

Scholarships

tick iconMELBOURNE INTERNATIONAL UNDERGRADUATE SCHOLARSHIP

Up to A$56,000

tick iconMELBOURNE GRADUATE SCHOLARSHIP

Up to 100% of tuition fees

tick iconINTERNATIONAL GRADUATE MERIT SCHOLARSHIPS

Up to 50% of tuition fees

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