Business

Graduate Diploma of Economics of Sustainability
(Partnership with Modern Money Lab)

Delivered by
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Graduate Diploma of Economics of Sustainability | Torrens University

What is a Graduate Diploma of Economics of Sustainability?

A Graduate Diploma of Economics of Sustainability offers core knowledge of modern money theory and ecological economics. Our Torrens University course is co-delivered with acclaimed research institute Modern Money lab. Build advanced communication, critical thinking and problem-solving skills.

This unique course offers a professional training in non-neoclassical economics and the ecological economics of sustainability, and is designed to meet the growing global demand for high-quality graduates in the field. You can enter this course from an undergraduate degree and graduation will provide job opportunities or a pathway to the Masters of Economics of Sustainability, and potentially to doctoral studies. This graduate diploma is ideal for those working or intending to work in business, government or not-for-profits, those seeking a background in the new economics and those considering a career as a professional economist.

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Learning outcomes

To meet the learning outcomes of the Graduate Diploma of Economics of Sustainability, you are required to demonstrate:

  • Oral and written communication skills applicable to present advanced concepts related to ecological economics and modern monetary theory, financial and monetary systems to businesses, policy makers, and broader communities.
  • Analytical and critical thinking skills in drawing economic insights based on varying schools of thoughts in economics and other disciplines.
  • Problem solving, quantitative and qualitative reasoning skills in analysing economic and ecological issues.
  • Listening, comprehension and cognitive skills in discussing economic reform proposals and evaluating consequences of economic policy changes.
Study mode
Online
Campus locations
Online
Student
Domestic
International (offshore)
Course duration
1 year full-time, part-time options available
Start date
19 Feb 2024
3 June 2024
16 Sep 2024
Fees

This is an AQF Level 8 course delivered by Torrens University Australia Ltd.

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Ultimate flexibility
With the option to study full or part time and all your course materials online, you can tailor your study to suit your lifestyle.

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Learn from specialists in their field
Our academics understand where the industry is heading and will guide you on your learning journey.

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Become an industry leader
Build the knowledge and practical skills required to manage high-performing teams.
Exploring the Economics of Sustainability.
Career Opportunities | Economics of Sustainability | Torrens University

Career opportunities

This graduate diploma is designed to equip you with knowledge and skills that will become increasingly important and in-demand in the years to come. You can find a career in a wide variety of institutions as an economist and in a variety of related roles. Potential employers include regulatory agencies, state or federal governments departments, financial institutions and non-financial corporations, and not-for-profits. While the Graduate Diploma is an excellent qualification in Economics of Sustainability for early or mid-career professionals, if you are seeking to pursue a career as an economist, and are not already employed in that role, you should consider progressing to the Master of Economics of Sustainability. Progression to doctoral studies is necessary if you wish to pursue an academic career.

Potential career paths

  • Policy Adviser
    Average salary: $97,572 - $135,409
  • Economist
    Average salary: $97,047 - $138,420
  • Sustainable Finance Lead
    Average salary: $117,042 - $118,798
  • Sustainability Development Adviser
    Average salary: $111,734
Stephanie Kelton headshot
This programme will teach students about the economy as it actually exists in the real world. You can think of modern monetary theory as a user manual. It tells you how the monetary system works, but it doesn't come with a road map telling you where to go. This is where ecological economics becomes very important.
Stephanie Kelton
Adjunct Professor, Economics of Sustainability

Subjects and units

The Graduate Diploma of Economics of Sustainability course structure comprises five core subjects (50 credit points) and three elective subjects (30 credit points). Each subject involves 10 hours of study per week, comprising three hours of facilitated study and seven hours self-directed study.

  • Core
  • Electives

Requirements

Complete the 5 core subjects listed below. Additionally, you’re required to select 3 electives from the electives tab.

Core subjects

  • Foundations of Real-World Economics | BECOSD401 
  • Foundations of Modern Money Institutions and Markets | BECOSD402
  • Data Analysis for Economic and Ecological Issues | BANASD501 
  • Contending Perspectives in Economic Analysis | BECOSD602
  • Ecological Economics | BECOSD603

Requirements

Electives available to students may be chosen from the elective bank below. Choose 3 electives:

Elective subjects

  • Real-World Microeconomics | BECOSD604 
  • Macroeconomics of the Real World | BECOSD605 
  • International Finance and Modern Monetary Theory | BECOSD607
  • Sustainable Development Indicators | BSUSSD601
  • Inequality, Equity and Employment | BECOSD608

Entry details

  • Domestic
  • International offshore

Fees

Check the domestic course fee schedule for the cost of your course.

FEE-HELP

Eligible Australian students may choose to defer some, or all, of their tuition fees through FEE-HELP, a loan scheme repaid through the tax system based on income.

Learn more about fees and FEE-HELP

Admission criteria

Before you begin your application to study as a domestic student, check that you meet at least one of the requirements listed below.

An Australian bachelor’s degree (AQF Level 7) or equivalent in a business (or related) discipline from a recognised tertiary institution;
OR
Any Australian Bachelor degree (AQF Level 7) or equivalent AND at least 2 years post degree professional work experience;
OR
Completion of Graduate Certificate of Economics of Sustainability;
OR
Five (5) years’ work experience (of which 3 years is managerial);

View full course admission information

Guaranteed pathway and Recognition of Prior Learning

If you have already completed a qualification or gained skills through life or work experience, you may be able to credit this against your degree with us. Check information about Recognition of Prior Learning and Course Credit transfer. We also offer pathway opportunities to further your learning.

Learn more about study pathways

Fees

Check the international course fee schedule for the cost of your course. This course is only offered online. International students requiring a student visa to study in Australia should choose another course that offers campus-based/blended options.

Fee payment

Course fees can be paid across three study periods. Each instalment to be paid before the beginning of the academic stage census date.

Admission criteria

Before you begin your application to study as an international offshore student, check that you meet at least one of the requirements listed below.

An Australian Bachelor degree (AQF Level 7) or equivalent, or higher-level qualification, in a business (or related) discipline from a recognised tertiary institution;
OR
Any Australian Bachelor degree (AQF Level 7) or equivalent AND at least 2 years post degree professional work experience
OR
Completion of Graduate Certificate of Economics of Sustainability;

OR
Five (5) years’ work experience (of which 3 years is managerial);

AND
Academic IELTS 6.5 (no band less than 6.0) or equivalent.

View full course admission information

OR alternative entry requirement may be available. Contact the International Admissions team for more information.

Learn more about study pathways

How to apply

Frequently asked questions

  • What are Torrens University Australia’s ATAR requirements for domestic students?
  • What if  I don’t meet the entry criteria for a degree?
  • Am I eligible for FEE-HELP?
  • Can I get course credit for previous experience?
  • What are Recognition of Prior Learning (RPL) and Credit Transfer (CT)? How do I apply?
  • How do I apply for a scholarship?

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