Monash University: University Handbooks: Undergraduate Handbook 2001: Subjects indexed by faculty
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Honours degrees


Bachelor of Accounting (Honours)

Course code: 0180 Course abbreviation: BAcc(Hons)

Bachelor of Commerce (Honours)

Course code: 0181 Course abbreviation: BCom(Hons)

Bachelor of Economics (Honours)

Course code: 0024 Course abbreviation: BEc(Hons)
A fourth-year honours specialisation is available to selected students who have completed one of the Bachelor of Accounting, Bachelor of Commerce or Bachelor of Economics courses at Monash University. Selected students who complete a double degree with either the Bachelor of Commerce or the Bachelor of Economics also may proceed to the honours degree.

Department of Accounting and Finance

Accounting and finance specialisation

Students must have completed the first three years of one of the Bachelor of Accounting, Commerce or Economics courses and obtained results judged to be of a sufficient standard by the head of the Department of Accounting and Finance for permission to be given to proceed to the fourth-year honours subject. Students will normally have completed at least three subjects at third-year level chosen from AFC3120 (Advanced financial accounting), AFC3130 (Advanced management accounting), AFC3140 (Advanced business finance), BTC3150 (Australian income tax law), BTC3153 (Malaysian income tax law), AFC3160 (Auditing and systems), AFC3170 (Management of financial intermediaries), AFC3220 (International financial reporting), AFC3230 (Financial analysis and valuation), AFC3240 (International finance), AFC3340 (Options, financial futures and other derivatives) and AFC3440 (Pension and financial planning).
Students will be expected to have obtained an average of at least 65 per cent in the third-year subjects taught by the Department of Accounting and Finance.
Students wishing to undertake fourth-year honours in the Department of Accounting and Finance must enrol for AFC4020 (Accounting and finance honours). Such students must apply to, and have their enrolment approved by, the head of the Department of Accounting and Finance or the head's nominee.
The course comprises six subjects and the issues seminar. Two subjects may be special subjects which are based on the third-year subjects taught by the faculty supplemented by additional reading and research. These special subjects are listed among the third-year subjects and have a subject code ending with the digit ´4' (eg AFC3124 Advanced financial accounting).
1. Three fourth-year-level subjects selected from:

In special circumstances, the head of the department may approve as one of the three core subjects a special subject.
2. Three subjects selected from:

It is strongly recommended that students with only an elementary background in statistics should include AFC4100 if they intend to do AFC4130, AFC4140 or AFC4170.
In special circumstances a student may be given permission to include up to two subjects from another faculty, where they are complementary to the honours program offered by the Department of Accounting and Finance. Such a student would need to have the appropriate prerequisites, and the head of the Department of Accounting and Finance would need to be satisfied that the subject contributed to a coherent program of study.
3. Compulsory seminar:

Accounting/econometrics specialisation

Students must have completed the first three years of either the Bachelor of Economics or the Bachelor of Commerce courses and obtained results judged to be of sufficient standard for permission to be given by the heads of the Departments of Accounting and Finance and Econometrics and Business Statistics to proceed to fourth-year honours.
Students wishing to undertake fourth-year honours jointly in the Departments of Accounting and Finance and Econometrics and Business Statistics must enrol for AFC4040 (Accounting/econometrics honours). Such students must apply to, and have their enrolment approved by, both heads.
The course comprises six subjects and the issues seminar. Three subjects must be taken from each area of study except with the permission of the two heads.
1. Three subjects selected from:

Only one special subject may be counted as one of the three core subjects. These special subjects are listed among the third-year subjects and have a subject code ending with the digit ´4' (eg AFC3124 Advanced financial accounting).
2. Three subjects selected from:

Only one special subject may be counted as one of the three core subjects. These special subjects are listed among the third-year subjects and have a subject code ending the digit ´4'.
3. Compulsory seminar:

Department of Business Law and Taxation

Students wishing to undertake fourth-year honours in the Department of Business Law and Taxation are referred to the Bachelor of Business (Honours) in taxation offered by the department at Caulfield.

Department of Econometrics and Business Statistics

Econometrics specialisation

Students must have completed the first three years of the Bachelor of Economics, Bachelor of Commerce or Bachelor of Commerce (Business Statistics) courses and obtained results judged to be of satisfactory standard for permission to be given by the head of the Department of Econometrics and Business Statistics to proceed to the fourth-year honours subject. Students will be expected to have achieved an average grade of 65 per cent or above in the third-year honours program. Students who have not completed ETC3470 and who have obtained at least a credit standard in the appropriate third-year subjects, normally ETC3400 and ETC3410, may be considered for fourth-year honours in special circumstances. These students will be expected to complete additional work during either the long vacation or the fourth-year honours subject.
Students wishing to undertake fourth-year honours in the Department of Econometrics and Business Statistics must enrol for ETC4020 (Econometrics honours). Such students must apply to, and have their enrolment approved by, the head of the Department of Econometrics and Business Statistics.
The course comprises six subjects and ETC4860 (Economics and commerce issues seminar).
1. Three subjects from the following list, including at least one of ETC4400 or ETC4410:

Only one special subject may be counted as one of the three core subjects. These special subjects are listed among the third-year subjects and have a subject code ending with the digit ´4'.
2. Three subjects selected from the preceding subjects or (with the approval of the head of department) from third or fourth-year subjects offered by the departments of Accounting and Finance, Business Law and Taxation, Econometrics and Business Statistics, Economics, Management, Marketing and Mathematics.
Up to two subjects overall may be special subjects. In some circumstances, a student may be given permission to include as a subject a fourth-year subject from a department outside the faculty. Such a student would need to have the appropriate prerequisites and the head of the Department of Econometrics and Business Statistics would need to be satisfied that the subjects formed a coherent part of the proposed subject of study.
3. Compulsory seminar:

Department of Economics

Students must have completed the first three years of either the Bachelor of Economics or Bachelor of Commerce courses and have obtained results judged to be of satisfactory standard for permission to be given by the head of Department of Economics to proceed to the fourth-year honours subject. Students will be expected to have achieved an average grade of 65 per cent or above in the third-year honours program. Students who wish to proceed to fourth year honours without having completed ECC3850 require the permission of the department head. If their undergraduate performance is judged to be of a sufficient standard to proceed to fourth year, they will be required to complete additional work during the long vacation in lieu of having completed the subject ECC3850 preceding their fourth year.

Economics specialisation

Students wishing to undertake fourth-year honours in the economics specialisation must enrol in ECC4020 (Economics honours), and have their enrolment approved by the head of the Department of Economics.
The course comprises six subjects plus the issues seminar as follows:
1. Two core subjects:

2. Four elective subjects selected from:

3. Compulsory seminar:

Economic history specialisation

Students enrol in six subjects plus a policy seminar. Four subjects are to be economic history subjects. The remaining two subjects may be selected from other economic history subjects or from the departments of Accounting and Finance, Econometrics and Business Statistics or Economics.
1. Core subject:

2. Five subjects selected from:

3. Compulsory seminar:

Economics/econometrics specialisation

Students wishing to undertake fourth-year honours jointly in economics and econometrics should enrol for ECC4040 (Economics/econometrics). Such students must have their enrolment approved by the heads of both departments.
The course comprises six subjects and the issues seminar:
1. Two core subjects:

2. Two elective subjects selected from the following:

3. Two subjects:

4. Compulsory seminar:

Department of Management

Management specialisation

Students must have completed the first three years of the Bachelor of Commerce or Bachelor of Economics courses and obtained results judged to be of satisfactory standard for permission to be given by the head of Department of Management to proceed to the fourth-year honours subject. Students will be expected to have achieved an average grade of 65 per cent or above in the third-year program. Students who wish to enrol in the honours program will be required to have completed MGC3600 (Management pre-honours) during their third year of study, or to undertake additional work over the vacation period prior to entering the fourth-year honours course. It is also recommended that students should have completed MGC3650 (Management research methods pre-honours).
The honours year comprises both coursework and a thesis project. Teaching methods will vary according to the specific aims of the course components. Subjects aimed at developing research methodology skills will contain a combination of lectures designed to develop an understanding of critical issues in research methodology, and workshops designed to train students in research skills and techniques. Analytic/theoretical subjects will be based upon seminars organised around classical and contemporary contributions to theory in the field, and will focus on the relationship between conceptual/theoretical frameworks and research practice. The thesis component will comprise individual supervision.
Assessment will include written assignments, examinations, class presentations and a thesis. Details are available from the Department of Management. Students must enrol in MGC4020 (Management honours) and have their enrolment approved by the head of the Department of Management. The course comprises four subjects plus a thesis.
1. Three core subjects:

2. The management thesis:

3. One subject from the following:

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