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Units indexed by faculty Bachelor of Economics (Honours)Course code: 0024 + Course abbreviation: BEc(Hons) + Total credit points required: 48 + 1 year full-time Study mode and course locationOn-campus (Clayton) Course descriptionThe Bachelor of Economics (Honours) allows students to study aspects of their undergraduate major in depth and prepares them to move successfully into postgraduate research. Entry requirementsAccounting and finance specialisation(a) Students must have completed the first three years of one of the Bachelor of Accounting, Bachelor of Commerce or Bachelor of Economics courses and obtained results judged to be of a sufficient standard by the head of the Department of Accounting and Finance. (b) Students will normally have completed at least three AFC units at third-year level. (c) Students will be expected to have obtained an average of at least 65% in the third-year units taught by the Department of Accounting and Finance. Accounting/econometrics specialisation(a) Students must have completed the first three years of one of the Bachelor of Accounting, Bachelor of Commerce or Bachelor of Economics courses and obtained results judged to be of a sufficient standard by the head of the Department of Accounting and Finance and the head of the Department of Econometrics and Business Statistics or their nominees. (b) Students will normally have completed at least three AFC units at third-year level. (c) Students will normally have completed at least three third-year econometrics units. Students should normally include ETC3460. The other appropriate third-year units are ETC3400, ETC3410, ETC3450 ETC3480, ETC3500 and ETC3510. (d) Students will normally have completed the third-year-level honours unit ETC3470 (Econometrics (pre honours)). Students who have not completed ETC3470 and who have obtained at least a credit standard in the appropriate third-year units 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 concurrently. (e) Students will be expected to have obtained an average of at least 65% in the third-year units taught by the Department of Accounting and Finance. (f) Students will be expected to have obtained an average of at least 65% in the third-year units taught by the Department of Econometrics and Business Statistics. Econometrics specialisation(a) Students must have completed the first three years of one of the Bachelor of Accounting, Bachelor of Commerce or Bachelor of Economics courses and obtained results judged to be of a sufficient standard by the head of the Department of Econometrics and Business Statistics. (b) Students should take at least three third-year econometrics units. Students should normally include ETC3400 and ETC3410. The other appropriate third-year units are ETC3450, ETC3460, ETC3480, ETC3500 and ETC3510. (c) Students should normally have completed the third-year-level honours unit ETC3470 (Econometrics (pre honours)). Students who have not completed ETC3470 and who have obtained at least a credit standard in the appropriate third-year units 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 concurrently. (d) Students will be expected to have obtained an average of at least 65% in the third-year units taught by the Department of Econometrics and Business Statistics. Economics specialisation(a) 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 Economics. (b) Students should take at least four third-year economics units, including ECC3855 (Topics in economics). (c) Students should normally have completed the third-year-level honours unit ECC3850 (Economics (pre honours)). Students who have not completed ECC3850 and who have obtained at least a credit standard in the appropriate third-year units 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 concurrently. (d) Students will be expected to have obtained an average of at least 65% in the third-year units taught by the Department of Economics. Economics/econometrics specialisation(a) Students must have completed the first three years of one of the Bachelor of Accounting, Bachelor of Commerce or Bachelor of Economics courses and obtained results judged to be of a sufficient standard by the heads of the Department of Economics and the head of the Department of Econometrics and Business Statistics, or their nominees. (b) Students should normally have completed at least two third-year econometrics units. Students should normally include ETC3410. The other appropriate third-year units are ETC3400, ETC3450, ETC3460, ETC3480, ETC3500 and ETC3510. (c) Students should normally have completed at least two third-year economics units, including ECC3855 (Topics in economics). (d) Students should normally have completed the third-year-level honours unit ECC3850 (Economics (pre honours)). Students who have not completed ECC3850 and who have obtained at least a credit standard in the appropriate third-year units 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 concurrently. (e) Students will be expected to have obtained an average of at least 65% in the third-year units taught by the Department of Econometrics and Business Statistics. (f) Students will be expected to have obtained an average of at least 65% in the third-year units taught by the Department of Economics. Management specialisation(a) 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 Management. (b) Students should normally have complied at least three third-year management units and have obtained an average of at least 65% in the third-year units taught by the Department of Management. Marketing specialisation*(a) Students must have completed the first three years of one of the Bachelor of Accounting, Bachelor of Commerce or Bachelor of Economics courses and obtained results judged to be a sufficient standard by the head of the Department of Marketing (b) Students should have completed at least three third-year marketing units. (c) Students will be expected to have obtained an average of at least 65% in the third-year units taught by the Department of Marketing. Course structureAreas of studyStudents can complete their honours in the following disciplines taught by the faculty: accounting and finance, economics, econometrics, management and marketing. Combined honours are available in accounting/econometrics and economics/econometrics. Students wishing to take honours in business law and taxation may apply to enrol in the Bachelor of Business (Honours) in taxation at Caulfield. Special unitsSpecial units are fourth-year-level honours units which are based on the third-year-level units taught by the faculty. These units can be identified by the first two numeric digits of the unit code, which are ‘43’. Course requirementsAccounting and finance specialisationStudents invited to undertake fourth-year honours in the Department of Accounting and Finance must enrol for AFC4020 (Accounting and finance honours). Such students must have their enrolment approved by the head of the Department of Accounting and Finance, or their nominee. In their first semester, students will enrol in AFC4400 (Research proposal) (6 points), AFC4100 (Research methods in accounting and finance) (6 points) plus two other units (total 12 points) selected from the list below. At the end of first semester, the submitted research proposal will be assessed by a panel consisting of the research director of the Department of Accounting and Finance, the lecturer-in-charge of AFC4400 and the student’s research mentor. For those research proposals considered to be of a sufficient standard, the student will be invited to complete AFC4440 (Research project) (12 points) in second semester. Only students invited to do AFC4440 will be permitted to enrol. Students not invited to do AFC4440, but who wish to do it, may appeal to the relevant head of discipline for a review of their research proposal. For students who take up the offer of doing a research project, their course structure for their second semester will be as follows:
For those students who do not undertake AFC4440 (Research project), their course structure for their second semester will be as follows:
Unit selectionIn order to complete a total of 48 points in accounting and finance honours, in addition to completing AFC4400, AFC4100 and either AFC4440 or AFC4860: (a) Students must enrol in at least two units (12 points) from the list below:
(b) Students may include up to two special honours units (those units for which the first two digits are '43') either from those offered by the Department of Accounting and Finance at Clayton, or a maximum of one special unit from the departments of Business Law and Taxation, Economics, or Econometrics and Business Statistics, provided that the third-year version of the unit has not been taken in previous years. (c) Students may include up to two fourth-year units (12 points) that are not special units from the Departments of Accounting and Finance, Business Law and Taxation, Economics, and Econometrics and Business Statistics. (d) In special circumstances, students may include up to two units (12 points) 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 units contributed to a coherent program of study. Accounting/econometrics specialisationStudents invited 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 of department, or their nominees. The course comprises eight 6-point units as follows: (a) Students must complete one core unit (6 points): (b) Students must complete a minimum of three units (18 points) from the following list:
A maximum of one special honours unit (6 points) from the Department of Accounting and Finance (those units which begin with the code 'AFC43') provided that the third-year-level version of the unit has not been taken in previous years. (c) Students must complete at least two units (12 points) from the units listed below, including at least one of ETC4410 or ETC4460:
(d) A maximum of one special honours unit (6 points) from the Department of Econometrics and Business Statistics (those units which begin with the code 'ETC43'), provided that the third-year-level version of the unit has not been taken in previous years. The remaining unit(s) can be selected from honours units offered by the departments of Accounting and Finance, Econometrics and Business Statistics, Business Law and Taxation, Economics, and Mathematics, or from other faculties. If the unit is from outside the faculty, a student would need to have the appropriate prerequisites, and the heads of the departments of Accounting and Finance and Econometrics and Business Statistics would need to be satisfied that the units formed a coherent part of the proposed course of study (e) Overall, a maximum of two special units can be included in the course. Econometrics specialisationStudents 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, or their nominee. The course comprises eight 6-point units selected as follows: (a) Students must complete one core unit (6 points):
(b) A minimum of four units (24 points) from the following list:
(c) A maximum of two special honours units (12 points) from the Department of Econometrics and Business Statistics (those units which begin with the code 'ETC43'), provided that the third-year-level version of the unit has not been taken in previous years. It is strongly recommended that ETC4340 be included if the student has not previously passed ETC3400. (d) A maximum of three units (18 points) from honours units offered by the departments of Accounting and Finance, Business Law and Taxation, Economics, Management, Marketing and Mathematics, or from other faculties. One of these units can be a special unit (ie those units for which the first two digits are '43'), and the third-year version of the unit must not have been taken in previous years. Only two of these units can be from outside the faculty (excluding mathematics). For such units, a student would need to have the appropriate prerequisites, and the head of the Department of Econometrics and Business Statistics, or their nominee, would need to be satisfied that the units formed a coherent part of the proposed course of study. Economics specialisationStudents wishing to undertake fourth-year honours in the Department of Economics must enrol for ECC4020 (Economics honours). Such students must apply to, and have their enrolment approved by, the head of the Department of Economics, or their nominee. The course comprises eight units (48 points) selected as follows: (a) Students must complete three compulsory units (18 points): (b) Students must complete five units (30 points) according to the following degree regulations: (i) A maximum of five units (30 points) from the following list:
(ii) A maximum of two fourth-year units (12 points) from the departments of Accounting and Finance, Business Law and Taxation, or Econometrics and Business Statistics. Students would need to have the appropriate prerequisites, and the head of the Department of Economics would need to be satisfied that the unit contributed to a coherent program of study. Only one of these units (6 points) can be a special honours unit (that is, a unit for which the first two digits of the code are '43') and the third-year-level version of the unit must not have been taken in previous years. (iii) A maximum of one special honours unit (6 points) from the Department of Economics (those units which begin with the code 'ECC43'), provided that the third-year-level version of the unit has not been taken in previous years. (iv) In special circumstances, a maximum of one honours unit (6 points) may be chosen from other faculties where it is complementary to the honours program offered by the Department of Economics. Students would need to have the appropriate prerequisites, and the head of the Department of Economics would need to be satisfied that the unit contributed to a coherent program of study. Economics/econometrics specialisationStudents wishing to undertake fourth-year honours jointly in the Department of Economics and the Department of Econometrics and Business Statistics must enrol for ECC4040 (Economics/econometrics honours). Such students must apply to, and have their enrolment approved by, the heads of the two departments, or their nominees. The course comprises eight units (48 points) selected as follows: (a) Students must complete one core unit (6 points): (b) Students must complete three units (18 points) from the following list, one of which must be ETC4410 (Applied econometrics):
(c) Students must complete three units (18 points) from the following list, one of which must be ECC4650 (Microeconomics) or ECC4660 (Macroeconomics):
(d) Students must complete one unit (6 points) from the preceding list, or other honours units (including special honours units for which the first two digits are '43') taught by the Departments of Econometrics and Business Statistics and/or the Department of Economics, and/or the Department of Accounting and Finance or, in special circumstances, from another department, provided that the appropriate prerequisites are met, the third-year version of the unit has not been taken in previous years, and the heads of the departments are satisfied that the unit forms a coherent part of the proposed course of study. Management specialisationStudents wishing to undertake fourth-year honours in the Department of Management must enrol for MGC4020 (Management honours). Such students must apply to, and have their enrolment approved by, the head of the Department of Management, or their nominee. Students must complete five compulsory units (48 points):
Marketing specialisationStudents must complete five compulsory units (48 points):
Contact detailsInquiries: telephone +61 3 9905 2327, fax +61 3 9905 5499, email enquiries.clayton@buseco.monash.edu.au, or visit www.buseco.monash.edu.au. Course directorAssociate Professor Marg Lindorff Previous page | Next page | Section contents | Title and contents |