Monash University Handbook 2010 Undergraduate - Course

This course provides a professional education in a range of commerce and business disciplines, with a strong emphasis on developing analytical skills, and enables students to include an international element to arts studies by providing core units in international and global studies, and the opportunity for students to study overseas.

Refer to the two single degree entries at http://monash.edu.au/pubs/handbooks/courses/0179.html and http://monash.edu.au/pubs/handbooks/courses/3910.html

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 the following components:

• an international studies major
• compulsory global studies units
• international study experience
• a set of eight foundation units which provide an introduction to the key areas of commerce
• a major from the list of Faculty of Business and Economics majors below.

The degree requires completion of 32 units (192 points) over a maximum of 10 years as follows:

(a.) 16 units (96 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):

• 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)

* Depending on the major or sub-majors chosen, some of the units may have already been studied as part of the group of common core units - where this is the case, students will select alternative units from the faculty to complete requirement (b.).

Additional Bachelor of Commerce degree requirements:

• a maximum of eight first-year level units (48 points)
• a minimum of four third-year level units (24 points) 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.

(b.) 16 units (96 points) from the Faculty of Arts as follows:

(i.) two core units (12 points) in global studies:

• GLO2000/GLO3000 Global studies core unit (6 points)
• GLO3001 Global research core unit (6 points)

(ii.) an international studies major of eight units (48 points)

(iii.) an arts minor of four units (24 points)

(iv.) an additional first-year arts sequence (12 points)

(v.) a minimum of one and a maximum of three semester(s) abroad at another Monash campus or designated overseas university (ie exchange partner).

Details of arts majors and minors are available via http://www.monash.edu.au/pubs/handbooks/aos/index-ug-byfaculty-arts.html.

Additional Bachelor of Arts degree requirements:

• a maximum of six first-year level units (36 points).

Units required for specified Faculty of Business and Economics 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
• ECC3860/ETC3860 Integrated economic modelling
• ETC2450 Applied forecasting for business and economics
• 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:

• BTC1110 Business law
• ECC1000 Principles of microeconomics
• MGC1010 Introduction to management

(b.) six units from the following list:

• BTC2210 Australian company law
• BTC3130 Stock exchange and derivatives law
• BTC3300/MKC3300 Marketing law
• ECC2000/ETC2000 Intermediate microeconomics
• ECC2360 Environmental economics
• ECC2450 Sports economics
• ECC2700 Economic issues in health and health care
• ECC2840 Australian economic institutions and policy
• ECC3810 Public finance
• ECC3830 Business competition and regulation
• MGC2320 Business and government
• MGC2310 Introduction to public management
• MGX3100 Management ethics and corporate governance

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:

• BTC3130 Stock exchange and derivatives law
• BTC3200 Finance law
• ECC3660 Monetary economics
• ECC2410/ETC2410/ETC3440 Introductory econometrics
• ETC2430 Actuarial statistics
• ETC3460 Financial econometrics

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:

• BTC2720 Workplace law
• ECC3710 Labour economics
• MGC3130 Management of change
• MGC3250 Management in small firms
• MGC3230 Services management
• MGC3450 Managing conflict
• MGC3510 Management of technology
• MGX3100 Management ethics and corporate governance
• MGX3991 Leadership principles and practices
• MKC3120 Marketing implementation

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:

• AFC2120 Financial accounting
• AFC2140 Corporate finance
• AFC3160 Auditing and assurance
• AFC3220 Comparative international financial reporting
• AFC3240 International finance
• AFX3871 International study program in banking and finance
• BTC2190 International trade law
• ECC2000/ETC2000 Intermediate microeconomics
• ECC2010/ETC2110 Intermediate macroeconomics
• ECC2300 Current issues in macroeconomic policy
• ECC3570 The international economy since 1945
• ECC3690 International economics
• ECC2410/ETC2410/ETC3440 Introductory econometrics
• MGC2120 Managing international business
• MGC2130 Asian management
• MGC2430 Human resource management
• MGC3120 International management
• MGC3430 International human resource management
• MKC3220 International marketing

Labour and employment

(a.) The following five units:

• ECC1000 Principles of macroeconomics
• ECC2000/ETC2000 Intermediate microeconomics
• ECC2010/ETC2110 Intermediate macroeconomics
• ECC3710 Labour economics
• MGC1010 Introduction to management

(b.) one of the following units:

• MGC2410 Industrial relations
• MGC2420 Employee relations

(c.) two units from the following list:

• BTC2720 Workplace law
• ECC2410/ETC2410/ETC3440 Introductory econometrics
• ECC3410/ETC3410 Applied econometrics
• MGC2410 Industrial relations
• MGC2420 Employee relations
• MGC2430 Human resource management
• MGC3450 Managing conflict
• MGX3441 Human resource strategy

Sustainability

(a.) Two units from the following list:

• BTC1110 Business law
• ECC1000 Principles of microeconomics
• GES1050 The global challenge
• MGC1010 Introduction to management
• MKC1200 Principles of marketing

(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

Faculty of Business and Economics discipline majors

Accounting

(a.) 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).

Bachelor of Commerce

Bachelor of Arts (Global)