Graduate Certificate in Economics for Business

Course information
  • Entry requirements
  • Units of Study
  • Career outcomes
  • Support & Fees
Entry requirements

Entry requirements

  • Completion of an Australian Bachelor degree (or equivalent) in a similar discipline; OR​
  • Applicants with a minimum five (5) years approved work experience will be considered for admission to this course.

For more information about entry requirements, download a brochure.

Online Study

This degree is offered through VU Online’s postgraduate Block Model, winner of the LearnX Live! Award 2020 ‘Best Online Learning Model’.

Instead of taking two or three units a semester, you will study one unit at a time in six study periods per year. This offers you more flexibility than traditional on-campus degrees and the opportunity to immerse yourself in your study.

At VU Online, we take a personalised 1:1 approach to online learning, which makes learning with us highly interactive and supported.

Units of study

Units of study

For more information about the units of study, download a brochure.

Strategic Business Relationships (BEO6001)

Business success depends on relationships as much as it does on opportunity. Both internal relationships of business units and personnel, and the external relationships with partners and associates are critical components of successful business strategy. This unit delves into the strategy that underlies relationship formation through exploring agency issues, relationships with suppliers and collaborators, and how product strategy affects relationships with competitors.

Students will build their conceptual skills and knowledge in key elements and approaches to sound business relationships including how to: establish clear foundations; nurture relationships; emphasise accountability and metrics; and build relationships that are dynamic and future-focused. Significant exposure to economic theories, industry-based examples and case studies prepare students for complex negotiation environments to assist them to succeed in strategic negotiations and business relationship building.

Competition and Differentiation (BEO6002)

The success of businesses and economies is fundamentally measured by their competitiveness in a market context. This unit explores economic theories to understand competitive landscapes and how businesses develop differentiation strategies to win market share. Students will undertake an analysis of complex markets, including multi-sided platform markets, to develop the conceptual understanding necessary when undertaking differentiation strategy formulation.

Students will explore static and dynamic competition, market-share analysis, intellectual property trend analysis, and successful techniques to formulate a viable competition strategy. Students will also develop knowledge and skills to analyse competitive landscapes, consider short and long-run outcomes, identify business opportunities and develop strategies for success.

Business and Economic Forecasting (BEO7000)

Business and economic forecasting involves methods and techniques aimed at making predictions that can inform business decision-making. This unit introduces students to the application of different forecasting techniques and practical experience in model building. Students will also explore forecasting methods available to senior managers and leaders for business decision-making, including pricing, forecasting, demand analysis, production and cost analysis, and macroeconomic policy as it affects the business environment. The unit also explores techniques for the evaluation of forecasting methods across real-world forecasting applications.

Supply and Demand Strategy for Pricing (BEO7001)

Understanding customer demand is essential to business success, and supply and demand modelling is a cornerstone of economics and business modelling. Determining viable pricing is fundamental to pricing and production decisions. Supply and demand modelling also informs, and is informed by, the decisions of rivals. This unit will critically review how supply and demand conditions influence business decision-making and complex pricing decisions.

Students will learn about supply and demand modelling within diverse markets and industries, including traditional manufacturing, multi-sided platform markets, and service-based industries. The unit will also develop student understanding of fixed and variable costs of production, economies of scale/scope, monopoly/monopsony, substitution effects, complement effects, price elasticity, market externalities and pricing in markets absent of scarcity, and the implications of such concepts for supply and demand analysis and pricing strategy.

Career options

Career outcomes

VU Online’s Graduate Certificate in Economics for Business will foster the key skills required of today’s emerging business manager or leader.

Depending on your career goals and skillset, studying the Graduate Certificate in Economics for Business can open up a number of opportunities. This can include roles in:

  • Consulting
  • Senior management
  • Supply and demand planning
  • Inventory and supply chain
  • Project management

You can also continue your studies to gain your Master of Business Administration (Economics for Business).

For more information about career outcomes, download a brochure.

Student Support & Fees

Student Support

VU Online provides you with the academic support you need, when you need it, throughout the course. With four layers of student support, our goal is to ensure you succeed in your studies. Our highly experienced academics understand how to deliver a quality online learning experience and are responsive and accessible.

You will also have access to a dedicated Student Success Advisor, who provides motivation and 1:1 personalised assistance with non-academic matters for the duration of the course. You will experience the support of a community through chat, virtual seminars and discussion board activity. Your support network is only a phone call or email away.

FEES and FEE-HELP

Our Graduate Certificate in Economics for Business costs $3,500* per unit. The total cost for all 4 units is $14,000*.

FEE-HELP loans are available to assist eligible full-fee paying students with the cost of a university course. This Government loan scheme helps to pay for all or part of their tuition.

*2022 student fees are shown and are subject to change.

For more information on fees and student support, download a brochure.