Bachelor of Commerce and Bachelor of Economics
Course code: 1319 ~ Course abbreviation: BCom/BEc ~ Total points required: 192 ~ 4 years full-time, 8 years part-time ~ Managing faculty: Business and Economics
Study mode and course location
On-campus (Clayton)
Course description
This double degree provides professional education in a range of commerce disciplines, with a strong emphasis on developing analytical skills. It allows the student increased breadth and depth in the major discipline areas, plus considerable opportunity for studies from other faculties.
Course objectives
Refer to the Bachelor of Commerce and Bachelor of Economics single degree entries.
Course structure
The course structure has four main components:
- a set of core units which provide an introduction to the key areas of commerce:
- a major from the list of majors below. This primary major must be selected from majors available on your campus of enrolment and all units taken as part of this major must be from your campus of enrolment;
- a major in 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 third major.
Course requirements
The degree requires completion of 32 units (192 points) over a maximum of 10 years as follows:
(a) twenty-four units (144 points) from the Faculty of Business and Economics in the Bachelor of Commerce 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 of eight units (48 points)
- the major must come from the approved list of majors below
- at least two units (12 points) must be completed at each of second and third-year levels
(iv) 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
(v) additional units from the faculty in the Bachelor of Commerce at the Clayton campus to reach the required minimum of 24 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 13 first-year-level units (78 points).
- a minimum of eight third-year-level units (48 points), of which at least five (30 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
Specified Majors
Accounting
(a) the following five units:
- AFC1021/1022 Accounting principles
- AFC1030 Introduction to financial accounting
- AFC2120 Financial accounting
- AFC2131 Cost information for decision making
- AFC3120 Advanced financial accounting
(b) three units from the following list:
- AFC2851 Accounting information systems and financial modelling
- AFC3131 Performance measurement and control
- AFC3141 Strategic management accounting
- AFC3160 Auditing and assurance
- AFC3220 Comparative international financial reporting
- AFC3230 Financial analysis and valuation
- BTC2210 Australian company law
- BTC3150 Taxation law
Asian development and transition
(a) four units from the following list:
(b) four units from the following list or units from (a) not previously completed:
- AFC3220 Comparative international financial reporting
- AFC3240 International finance or AFX3871 International study program in banking and finance
- BTC2190 International trade law
- ECC2810 Globalisation and economic systems
- ECC3570 The international economy since 1945
- ECC3670 Economics of developing countries
- MGC2120 Managing international business
- MGC3120 International management
- MGC3430 International human resource management
- MKC3220 International marketing
Competition, regulation and public policy
Eight units from the following list:
- BTC2210 Australian company law
- BTC3130 Stock exchange and derivatives law
- BTC3300/MKC3300 Marketing law
- ECC2360 Environmental economics
- ECC2450 Sports economics
- ECC2700 Economic issues in health and health care
- ECC2830 Economics of industry and competition
- ECC2840 Australian economic institutions and policy
- ECC3810 Public finance
- ECC3830 Competition and regulation
- MGC2320 Business and government
- MGC3310 Governments, markets and globalisation
- MGX3100 Management ethics and corporate governance
Finance
(a) the following three units:
(b) two units from the following list:
- AFC2240 Equities and investment analysis
- AFC2340 Debt markets and fixed income securities
- AFC3170 Management of financial intermediaries
- AFC3230 Financial analysis and valuation
- AFC3240 International finance or AFX3871 International study program in banking and finance
- AFC3340 Options, financial futures and other derivatives
- AFC3440 Pension and financial planning
- AFC3540 Modelling in finance
- AFX3355 Property investment
(c) three units from the following list or units from (b) not previously completed:
Human resource management
(a) six units from the following list:
- MGC1010 Introduction to management
- MGC1020 Organisations: contexts and strategies
- MGC2230 Organisational behaviour
- MGC2410 Industrial relations or MGC2420 Employee relations
- MGC2430 Human resource management
- MGC3420 Human resource development or MGC3430 International human resource management
(b) two units from the following list or units from (a) not previously completed:
Information, strategy and decision making
(a) the following six units:
- AFC3131 Performance measurement and control
- BTC3150 Taxation law
- ECC2400 Current issues in applied microeconomics
- ETC2480 Business modelling methods
- MGC3110 Strategic management
- MKC2130 Marketing decision systems
(b) two units from the following list:
- AFC2131 Cost information for decision making
- AFC2851 Accounting information systems and financial modelling
- AFC3140 Advanced business finance
- AFC3340 Options, financial futures and other derivatives
- ECC2830 Economics of industry and competition
- ETC2450 Applied business and economic forecasting
- ETC2470 Applied business modelling
- ETC3490 Business simulation
- MGC2110 Principles of strategic management
- MKC3120 Marketing implementation
- MKC3130 Strategic issues in marketing
International commerce
Eight units from the following list:
- AFC3160 Auditing and assurance
- AFC3220 Comparative international financial reporting
- AFC3240 International finance, or AFX3871 International study program in banking and finance
- BTC2190 International trade law
- BTC3450 International taxation
- ECC2300 Current issues in macroeconomic policy
- ECC2810 Globalisation and economic systems
- ECC3570 The international economy since 1945
- ECC3690 International economics
- ETC2410/ETC3440 Introductory econometrics
- MGC2120 Managing international business
- MGC2130 Asian management
- MGC3120 International management
- MGC3310 Governments, markets and globalisation
- MGC3430 International human resource management
- MKC3220 International marketing
Labour and employment
(a) the following two units:
(b) six units from the following list:
Generic Majors
Accounting and finance
Students need to complete a minimum of eight units offered by the Department of Accounting and Finance, Clayton campus (AFC or Clayton-based AFX units).
Business law and taxation
Students need to complete a minimum of eight units offered by the Department of Business Law and Taxation, Clayton campus (BTC or Clayton-based BTX units).
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).
Management
Students need to complete a minimum of eight units offered by the Department of Management, Clayton campus (MGC or Clayton-based MGX units).
Marketing
Students need to complete a minimum of eight units offered by the offered by the Department of Marketing, Clayton campus (MKC or Clayton-based MKX units).
Professional recognition
This degree with relevant units is recognised by the following legal entities:
- Australian Institute of Management
- Australian Marketing Institute
- Australian Securities and Investments Commission
- The Institute of Securities Finance and Banking
- CPA Australia
- Tax Agents' Board
- The Institute of Chartered Accountants in Australia.
Professional recognition may be dependent upon work experience requirements and the correct choice of units.
Contact details
Telephone +61 3 9905 2327; Email: enquiries.clayton@buseco.monash.edu.au
Course coordinator
Dr Ross Booth
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