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Monash University

Monash University Handbook 2010 Undergraduate - Course

NOTE: This course has been updated - please refer to the Undergraduate handbook change register for details.

This course entry should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics

Managing facultyBusiness and Economics
Abbreviated titleBBus
CRICOS code056414D
Total credit points required144
Standard duration of study (years)3 years FT, 6 years PT
Study mode and locationOn-campus (Caulfield)
Contact details

Course coordinator

Mr David Watson


The course is designed to provide graduates with high-level skills in a range of key business disciplines. It blends a conceptual theoretical framework with practical applications and covers basic discipline material through to more specialised requirements in the selected discipline. Graduates will be well equipped to seek employment in both private and public-sector enterprises.


The Bachelor of Business aims to develop 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 be able to provide discipline based solutions relevant to the business, professional and public policy communities that we serve

(d.) have a well developed understanding of multi disciplinary decision making in organisations.

Professional recognition

This degree is recognised by the following legal entities:

  • Australian Institute of Management
  • Australian Marketing Institute
  • Financial Services Institute of Australasia
  • CPA Australia
  • The Institute of Chartered Accountants in Australia
  • The Australian Psychology Accreditation Council (APAC).

Professional recognition may be dependent upon work experience requirements and the correct choice of units.

For further details visit


The course structure has three main components:

  • a set of core units which provide an introduction to the key areas of business study
  • 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 Business at the Caulfield campus as follows:

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

(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

(iii.) additional units taken in the Bachelor of Business, Caulfield 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.*
  • students wishing to complete a 10 unit psychology major accredited by the Australian Psychology Accreditation Council (APAC) as their second major can count the units PSY1011and PSY2051 as additional business units under section (a.)(iii.) of the degree requirements and a further eight psychology units under section (b.) of the degree requirements.

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

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 Caulfield 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


(a.) The following six units:

  • AFF1000 Principles of accounting and finance
  • AFF1121 Introduction to financial accounting
  • AFF2391 Cost information for decision making
  • AFF2491 Company reporting
  • AFF3431 Performance measurement and control
  • AFF3491 Advanced financial accounting theory and practice

(b.) two units from the following list:

  • AFF2631 Financial management
  • AFF2851 Accounting information systems and financial modelling
  • AFF3511 Strategic management accounting
  • AFF3631 Auditing and assurance
  • AFF3791 Comparative international accounting
  • AFF3851 Advanced accounting information systems and financial modelling
  • AFX3551 International study program in accounting
  • BTF2220 Corporations law and trusts
  • BTF3931 Taxation law
  • ECF1200 Macroeconomics
  • ETX2121 Data analysis in business

Banking and finance

(a.) The following six units:

  • AFF1300 Money and capital markets
  • AFF2401 Commercial banking and finance
  • AFF2631 Financial management
  • AFF3121 Investments and portfolio management
  • AFF3841 Lending decisions
  • MGX3100 Management ethics and corporate governance

(b.) two units from the following list:

  • AFF2701 Equity markets
  • AFF2851 Accounting information systems and financial modelling
  • AFF3111 Personal financial planning
  • AFF3301 Money market operations
  • AFF3331 International banking and finance, or AFX3871 International study program in banking and finance
  • AFF3351 Investment banking
  • AFF3651 Treasury management
  • AFF3751 Futures and options markets
  • BTF2601 Banking law
  • ECF1200 Macroeconomics
  • ECF2331 Macroeconomic and monetary policy
  • ETF3300 Quantitative methods for financial markets
  • ETX2121 Data analysis in business

Business Law

(a.) The following two units:

(b.) six units from the following list:


(a.) At least two of the following three units:

(b.) six units from the following list:

  • ETF2480 Business modelling
  • ETF2700 Mathematics for business
  • ETF3200 Quantitative business analysis
  • ETF3300 Quantitative methods for financial markets
  • ETF3480 Optimisation for managers
  • ETF3500 Survey data analysis
  • ETF3600 Quantitative methods for business research
  • ETX3231 Business forecasting


(a.) The following six units:

(b.) two units from the following list:

Human resource management

(a.) The following six units:

  • MGF1010 Introduction to management
  • MGF2341 Managing employee relations
  • MGF2661 Human resource management
  • MGF3430 International human resource management
  • MGF3881 Current issues in human resource management
  • MGX3441 Human resource strategy

(b.) two units from the following list:


(a.) The following six units:

(b.) two units from the following list:

  • MGF2341 Managing employee relations
  • MGF2511 Managing quality, innovation and knowledge
  • MGF2661 Human resource management
  • MGF3361 Performance management
  • MGF3381 Managing information systems
  • MGF3681 International management
  • MGX3771 Operations management
  • MGX3991 Leadership principles and practices


(a.) The following seven units:

(b.) one additional unit from the level two and three units offered by the Department of Marketing at the Caulfield campus. The unit BTF3181 (Marketing law) may also be chosen as part of the marketing major in this degree.


(a.) The following nine units:

  • PSY1011 Psychology A
  • PSY1022 Psychology B
  • PSY2031 Developmental and biological psychology
  • PSY2042 Cognitive and social psychology
  • PSY2051 Research design and analysis
  • PSY3032 Abnormal psychology
  • PSY3041 Psychological testing, theories of ability and ethics
  • PSY3051 Perception and personality
  • PSY3062 Research methods and theory

(b.) one unit from the following list:

  • PSY2112 Organisational psychology
  • PSY3100 Advanced psychobiology: Brain and behaviour
  • PSY3120 Introduction to counselling
  • PSY3130 Health psychology
  • PSY3150 Contemporary social psychology
  • PSY3160 Psychology of language
  • PSY3170 Decision making in professional settings
  • PSY3180 Human neuropsychology: Developmental and neurodegenerative disorders
  • PSY3190 Addiction studies


Bachelor of Business