The broad-based, flexible and multi-disciplinary Monash commerce degree provides a thorough understanding of the workings of the economy and business. Through professional training in the commerce disciplines, the course develops a capacity for logical analysis and the knowledge and skills required to manage public and private enterprises.
The Bachelor of Commerce aims to produce graduates who will:
(a.) be critical and creative scholars who:
- produce innovative solutions to problems
- apply research skills to business challenges
- communicate effectively and perceptively
(b.) be responsible and effective global citizens who:
- engage in an internationalised world
- exhibit cross cultural competence
- demonstrate ethical values
(c.) have a comprehensive understanding of their discipline and are able to provide discipline based solutions relevant to the business, professional and public policy communities that we serve.
(d.) be able to construct conceptual frameworks and use these to analyse complex issues in the corporate sector, government and the professions.
This degree is recognised by the following legal entities:
- Australian Institute of Management
- Australian Marketing Institute
- Australian Securities and Investments Commission
- Financial Services Institute of Australasia
- CPA Australia
- The Institute of Chartered Accountants in Australia.
Professional recognition may be dependent upon work experience requirements and the correct choice of units.
For further details visit http://www.buseco.monash.edu.au/asg/cds/publications/professional-recognition.html.
The course structure has three 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 the student's campus of enrolment and all units taken as part of this major must be from the student's campus of enrolment)
- 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 eight years as follows:
(a.) 16 units (96 points) from the faculty in the Bachelor of Commerce at the Clayton campus as follows:
(i.) six compulsory common core units (36 points):
- AFC1000 Principles of accounting and finance
- BTC1110 Business law
- ECC1000 Principles of microeconomics
- ETC1000 Business and economic statistics
- MGC1010 Introduction to management
- MKC1200 Principles of marketing
(ii.) at least two units from the following list (12 points):
- AFC1030 Introduction to financial accounting, or AFC2140 Corporate finance
- ECC1100 Principles of macroeconomics
- ETC1010 Data modelling and computing
- MGC1020 Organisations: contexts and strategies
(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.) additional units from the faculty in the Bachelor of Commerce at the Clayton campus to reach the required minimum of 16 units (96 points)
(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, 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
Cross-discipline majors
Asian development and transition
(a.) Two units from the following list:
- ECC2800 Prosperity, poverty and sustainability in a globalised world
- ECC2890 Economic development of East Asia
- MGC2130 Asian management
(b.) six units from the following list or units from (a.) not previously completed:
- AFC3220 Comparative international financial reporting
- AFC3240 International finance
- AFX3871 International study program in banking and finance
- BTC2190 International trade law
- ECC3670 Economics of developing countries
- MGC2120 Managing international business
- MGC3120 International management
- MGC3430 International human resource management
- MKC3220 International marketing
Business modelling
(a.) The following five units:
- ETC1010 Data modelling and computing
- ETC2470 Applied business modelling
- ETC2480 Business modelling methods
- ETC3490 Business simulation
- FIT2011 Decision support systems fundamentals
(b.) three units from the following list:
- AFC3540 Modelling in finance, or FIT3051 Decision support systems for finance
- ECC2410/ETC2410/ETC3440 Introductory econometrics
- ECC2440/ETC2440 Mathematics for economics and business
- ETC2450 Applied forecasting for business and economics
- ECC3860/ETC3860 Integrated economic modelling
- FIT2066 Computer programming for business
- FIT3003 Business intelligence and data warehousing
- FIT3022 Intelligent decision support systems
- FIT3102 Operations management systems
- GES3610 Geographical information systems for business and social science applications
Competition, regulation and public policy
(a.) Two units from the following list:
(b.) six units from the following list:
Finance
(a.) The following three units
- AFC1000 Principles of accounting and finance
- AFC2140 Corporate finance
- AFC3140 Advanced corporate finance
(b.) two units from the following list:
- AFC2000 Financial institutions and markets
- 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
- 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, or MGX3441 Human resource strategy
(b.) two units from the following list or units from (a.) not previously completed:
Information, strategy and decision making
(a.) The following three units:
- AFC1030 Introduction to financial accounting
- AFC2131 Cost information for decision making
- ETC1010 Data modelling and computing
(b.) five units from the following list:
- AFC2851Accounting information systems and financial modelling
- AFC3131 Performance measurement and control
- AFC3140 Advanced corporate finance
- AFC3340 Options, financial futures and other derivatives
- BTC3150 Taxation law
- ECC2400 Current issues in applied microeconomics
- ETC2450 Applied forecasting for business and economics
- ETC2470 Applied business modelling
- ETC2480 Business modelling methods
- ETC3490 Business simulation
- MGC2110 Principles of strategic management
- MGC3110 Strategic management
- MGX3441 Human resource strategy
- MGX3991 Leadership principles and practices
- MKC2500 Marketing research analysis
- MKC2130 Marketing decision analysis
- MKC3120 Marketing implementation
- MKC3130 Strategic issues in marketing
International commerce
(a.) The following two units:
- AFC1030 Introduction to financial accounting
- ECC1100 Principles of macroeconomics
(b.) six units from the following list:
Labour and employment
(a.) The following five units:
(b.) one of the following units:
(c.) two units from the following list:
Sustainability
(a.) Two units from the following list:
(b.) the following two units:
- ECC2800 Prosperity, poverty and sustainability in a globalised world
- MGC2950 Systems thinking for sustainability: a policy perspective
(c.) four units from the following list:
- BTC3100 Sustainability and the law
- ECC2360 Environmental economics
- ECC3640 Economics of climate change
- ECC3860/ETC3860 Integrated economic modelling
- GES2010/GES3010 Global environmental management
- GES2340/GES3340 Cities and sustainability
- GES2660 Power and poverty geography of uneven global development
- GES3220 Tourism and sustainability
- GES3250 Environmental assessment and decision making
- GES3260 Cultural landscape, environmental sustainability in Italy
- GES3330 Field studies in regional sustainability
- GES3350 Resource evaluation and management
- GES3610 GIS for business and social science applications
- GES3750 Sharing prosperity: Geographies of work, regional development and economy
- GES3810 GIS for environmental management
- MKX2531 Not for profit marketing
Discipline majors
Accounting
The following eight units:
- AFC1000 Principles of accounting and finance
- AFC1030 Introduction to financial accounting
- AFC2120 Financial accounting
- AFC2131 Cost information for decision making
- AFC2140 Corporate finance
- AFC3120 Advanced financial accounting
- AFC3131 Performance measurement and control
- AFC3160 Auditing and assurance
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).
