0023 - Bachelor of Economics

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.

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.

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.

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

(a.) 16 units (96 points) from the faculty in the Bachelor of Economics at the Clayton campus as follows:

(i.) six core units (36 points):

• ECC1000 Principles of microeconomics
• ECC1100 Principles of macroeconomics
• ETC1000 Business and economic statistics
• ETC1010 Data modelling and computing
• ECC2000/ETC2000 Intermediate microeconomics
• ECC2010/ETC2110 Intermediate macroeconomics

(ii.) 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

(b.) eight open electives (48 points) subject to the following conditions:

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

** NOTE: Enrolment in units at another campus is subject to there being spare capacity after students from that campus have enrolled.

(i.) additional units from the Faculty of Business and Economics at the Clayton campus to reach the required minimum of 16 units.

Complementary disciplines that offer a sequence of units (24 points) are:

• geography and environmental science
• history
• politics
• mathematics
• sociology
• philosophy
• languages (selected from offerings at the Clayton campus).

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, second-year-level units require the successful completion of three first-year-level units and third-year-level units require the successful completion of two second-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).

Bachelor of Economics