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Monash University

Bachelor of Economics

Course code: 0023 ~ Course abbreviation: BEc ~ Total points required: 144 ~ 3 years full-time, 6 years part-time ~ Managing faculty: Business and Economics

Study mode and course location

On-campus (Clayton)

Course description

The Bachelor of Economics degree provides a professional education in the disciplines of economics or econometrics and business statistics, with a strong emphasis on developing analytical skills. There are also opportunities for undertaking one third of the degree as elective units from outside the faculty, or from those offered by departments of the faculty on other campuses.

Course objectives

The learning goals of this course are to: develop an understanding of the key issues facing the Australian and international economy, and the role of business and government in improving the welfare of our societies; develop specialised analytical and technical skills in economics and/or econometrics to assist with problem solving in their future careers in business, the public sector and the professions; develop specialised analytical and technical skills from other disciplines taught within the faculty, or in combination with the study of a discipline from outside the faculty; develop effective oral, written and interpersonal communication skills; develop a capacity for independent critical analysis and a desire for future learning through examination of the latest ideas and research from Australia and overseas.

Course structure

The course structure has three main components:

  • a set of core units which provide an introduction to the key areas of commerce;
  • a major in either economics or econometrics and business statistics;
  • eight open electives which may be taken from any Faculty of Business and Economics programs and campuses, or from disciplines offered by another faculty. These open electives can, in some cases, form a second major.

Course requirements

The degree requires completion of 24 units (144 points) over a maximum of 10 years as follows:

(a) sixteen units (96 points) from the faculty in the Bachelor of Economics at the Clayton campus as follows:

(i) six compulsory common core units (36 points)

(ii) a further four compulsory units (24 points)

  • ECC1100 Principles of macroeconomics
  • ECC2000 Intermediate microeconomics
  • ECC2010 Intermediate macroeconomics
  • ETC1010 Data modelling and computing

(iii) a major in either economics or econometrics and business statistics (48 points)

  • at least two units (12 points) must be completed at second-year level and three units (18 points) at third-year level

(iv) additional units taken in the Bachelor of Economics, Clayton Campus, to reach the required minimum of 16 units

(b) eight open electives (48 points)

  • may be taken from disciplines offered by another faculty
  • may be taken from any Faculty of Business and Economics programs and campuses.

Additional degree requirements:

  • a maximum of 10 first-year level units (60 points)
  • a minimum of six third-year level units (36 points), of which at least four units (24 points) must be from those offered by the faculty at the Clayton campus
  • in addition to specific unit prerequisites, third-year level units require the successful completion of two second-year level units and second-year level units require the successful completion of four first-year level units

Units required for specified majors

Economics

Students need to complete a minimum of eight units offered by the Department of Economics, Clayton campus (ECC or Clayton-based ECX units).

Econometrics and business statistics

Students need to complete a minimum of eight units offered by the Department of Econometrics and Business Statistics, Clayton campus (ETC or Clayton-based ETX units).

Contact details

Telephone +61 3 9905 2327; Email: enquiries.clayton@buseco.monash.edu.

Course coordinator

Dr. Ross Booth