Bachelor of Economics
B2031BEc
- Credit points
- 144
- Duration
- 3 yr full-time
- Qualification
- Level 7 - Bachelor Degree
- Faculty
- Faculty of Business and Economics
- Campus
- Clayton
Economics is the science of allocating scarce resources to achieve desired ends. It has evolved into a broad discipline that helps us understand historical trends, interpret current events, and make reasoned predictions about the future. Economists study the incentives that shape the decisions individuals, businesses and governments, and the organisation and functioning of societies. Modern economic analysis draws upon insights from other social sciences and technological advances in data analysis to develop creative solutions for local and global problems. In this program, you will choose one of four specialisations that are designed to provide deeper knowledge and expertise. Each specialisation is designed to encourage logical thought and detailed analysis of socio-economic questions that will be valuable in a range of careers. SPECIALISATIONS AVAILABLE: • Economics and economic policy • Business analytics for economics • Macroeconomics and financial markets • Mathematical economics and econometrics
Structure
In choosing your units, you must ensure that you complete no more than ten units (60 credit points) at Level 1 and at least six units (36 credit points) at Level 3, including four units (24 credit points) at Level 3 offered by the Faculty of Business and Economics. Some majors, minors and specialisations include the same units. Where this occurs, up to 12 credit points may be shared between: - two majors; or - a major and a minor; or - a specialisation and a major or minor. Note: Units can only count toward one minor. They cannot be shared across multiple minors.
You must complete the following units. Note: You can complete only one of the following Level 1 mathematics units: ECC1551, MTH1020, MTH1030 or MTH1035.
- ECC1000Principles of microeconomics⤳
- ECC1100Principles of macroeconomics⤳
- ECC1050Big ideas in economics⤳
- MTH1020Analysis of change⤳
- MTH1030Techniques for modelling⤳
- MTH1035Techniques for modelling (Advanced)⤳
- ETC1000Business and economic statistics⤳
- ECC2000Intermediate microeconomics⤳
- ECC2010Intermediate macroeconomics⤳
- ETC2410Introductory econometrics⤳
- ECC1551Foundations of mathematical economics⤳
You must complete one of the following specialisations
You must complete one unit (6 credit points) from the Faculty’s capstone portfolio of units, which includes capstone units, consulting projects, international experiences and internships (industry placements). Notes: - If you complete a 12 credit point unit in this part, you can complete a maximum of 42 credit points in Part D. This may limit the number of elective units you can use to complete a major. - If you complete a 24 credit point unit in this part, you complete a maximum of 30 credit points in Part D. This may limit the number of elective units you can use to complete a major.
You must complete 48 credit points of elective study. Electives can be chosen from: - Units not already completed in Part B or Part C above, provided you have met the relevant prerequisites; - Units from across the University, which may be used to complete a major or minor from another course, provided you have met the relevant prerequisites and there are no enrolment restrictions. Notes: - Enrolment in Faculty of Business and Economics units at campuses other than your campus of enrolment is subject to there being spare capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations. - Electives can be identified using the advanced search in the current edition of the Handbook. Majors and minors can be identified using the Handbook advanced search. The level of the unit is indicated by the first number in the unit code; undergraduate units are those that commence with the numbers 1-3. - If you are in a double degree course, some units required for the other degree can also be credited as electives towards the Economics degree. - If you have completed at least 96 credit points and have achieved a high credit (65%) average, you can apply to the Course Coordinator for the Master’s accelerated pathway. If admitted to the accelerated pathway, you will use four of your elective studies (from Part D) to complete 24 credit points of specified units from Master of Economics (B6030) (Part B).