Areas of study by faculty: Business and Economics

To complete the accounting major in the Bachelor of Commerce (Honours), students must complete:

(a.) Semester one:

(i.) One compulsory unit (6 points):

• ACX4000 Research methods

(ii.) Three units (18 points) from the following:

• ACX4040 Issues in accounting information systems
• ACX4050 Issues in auditing and assurance
• ACX4070 Issues in financial accounting
• ACX4090 Issues in management accounting

(b.) Semester two:

(i.) Research dissertation (18 points):

• ACX4018 Research dissertation

(ii.) One honours unit (6 points) offered by the Faculty of Business and Economics. This unit can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; honours units are those that commence with the number 4.

Students must have their enrolment approved by the head, or nominee of the Department of Accounting.

All students must complete the requirements as outlined below in the degree in which they are enrolled.

NOTE: Some additional units may be required for professional recognition. Please refer to the faculty professional recognition pagefaculty professional recognition page (http://www.buseco.monash.edu.au/esg/cds/publications/publications/professional-recognition.html) for more information.

Bachelor of Business

Bachelor of Business (Accounting)

To complete the accounting major in the Bachelor of Business, Bachelor of Business (Accounting) or related double degrees, students must complete:

(a.) The following six units (36 points):

• ACF1000 Principles of accounting and finance
• ACF1121 Introduction to financial accounting
• ACF2391 Cost information for decision making
• ACF2491 Company reporting
• ACF3431 Performance measurement and control
• ACF3491 Advanced financial accounting theory and practice

(b.) Two units (12 points), or four units (24 points) if enrolled in the Bachelor of Business (Accounting), from the following list:

• ACF2851 Accounting information systems and financial modelling
• ACF3511 Strategic management accounting
• ACF3631 Auditing and assurance
• ACX3551 International study program in accounting
• BFF2631 Financial management
• BTX2000 Corporations law
• BTF3931 Taxation law
• ECF1200 Macroeconomics
• ETF2121 Data analysis in business

Bachelor of Business Administration

To complete the accounting major in the Bachelor of Business Administration degree, students must complete:

The following 10 units (60 points):

• ACB1002 Introduction to financial accounting
• ACB2020 Cost information for decision making
• ACB2491 Company reporting
• ACB2851 Accounting information systems and financial modelling
• ACB3021 Performance measurement and control
• ACB3041 Auditing and assurance
• ACB3050 Advanced financial accounting theory and issues
• BFB2631 Financial management
• BTB2220 Corporations law
• BTB3221 Taxation law and practice

Bachelor of Business and Commerce

To complete the accounting major in the Bachelor of Business and Commerce or related double degrees, students must complete:

The following eight units (48 points) from their campus of enrolment:

Gippsland

• ACG1000 Principles of accounting and finance
• ACG1002 Introduction to financial accounting
• ACG2020 Cost information for decision making
• ACG2491 Company reporting
• ACG2851 Accounting information systems and financial modelling
• ACG3021 Performance measurement and control
• ACG3050 Advanced financial accounting theory and issues
• BFG2631 Financial management

Malaysia

• ACW1000 Principles of accounting and finance
• ACW1002 Introduction to financial accounting
• ACW2020 Cost information for decision making
• ACW2491 Company reporting
• ACW2851 Accounting information systems and financial modelling
• ACW3021 Performance measurement and control
• ACW3050 Advanced financial accounting theory and issues
• BFW2631 Financial management

Bachelor of Business Science

To complete the accounting major in the Bachelor of Business Science degree, students must complete:

The following eight units (48 points):

• ACW1002 Introduction to financial accounting
• ACS2730 Financial accounting A
• ACS2740 Financial accounting B
• ACS2770 Cost and management accounting A
• ACS3730 Financial accounting C
• ACS3750 Cost and management accounting B
• BFS2780 Corporate finance A
• BFS3790 Corporate finance B

NOTE: This major does not meet the requirements for professional accreditation for the South African Institute of Chartered Accountants.

Bachelor of Commerce

Bachelor of Commerce (Accounting and Finance)

Bachelor of Commerce (Accounting)

Bachelor of Commerce Scholars Program

To complete the accounting major in the Bachelor of Commerce, Bachelor of Commerce (Accounting), Bachelor of Commerce (Accounting and Finance), Bachelor of Commerce Scholars Program or related double degrees, students must complete:

The following eight units (48 points):

• ACC1000 Principles of accounting and finance
• ACC1030 Introduction to financial accounting
• ACC2120 Financial accounting
• ACC2131 Cost information for decision making
• ACC3120 Advanced financial accounting
• ACC3131 Performance measurement and control
• ACC3160 Auditing and assurance
• BFC2140 Corporate finance

To complete the actuarial studies major in the Bachelor of Commerce, Bachelor of Commerce Scholars Program, Bachelor of Economics or Bachelor of Economics Advanced with Honours or related double degrees, students must complete:

(a.) The following three units (18 points):

• ETC1010 Data modelling and computing
• ETC2430 Actuarial statistics
• ETC2520 Probability and statistical inference for economics and business

(b.) Five units (30 points) from the following list:

• BFC2000 Financial institutions and markets
• BFC2140 Corporate finance
• BFC2340 Debt markets and fixed income securities
• ETC3420 Bayesian modelling and risk analysis
• ETC3460 Financial econometrics
• ETC3510 Modelling in finance and insurance, or MTH3251 Financial mathematics
• ETC3530 Contingencies in insurance and pensions
• MTH3241 Random processes in the sciences and engineering

All students complete the requirements as outlined below in the degree in which they are enrolled.

Bachelor of Business

Bachelor of Business (Banking and Finance)

To complete the banking and finance major in the Bachelor of Business, Bachelor of Business (Banking and Finance) or related double degrees, students must complete:

(a.) The following six units (36 points):

• BFF1300 Money and capital markets
• BFF2401 Commercial banking and finance
• BFF2631 Financial management
• BFF3121 Investments and portfolio management
• BFF3841 Credit analysis and lending management
• MGX3100 Management ethics and corporate governance

(b.) Either two units (12 points) if enrolled in the Bachelor of Business or related double degrees, or four units (24 points) if enrolled in the Bachelor of Business (Banking and Finance) or related double degrees, from the following list:

• ACF2851 Accounting information systems and financial modelling
• BFF2701 Equity markets
• BFF3111 Personal financial planning
• BFF3301 Money market operations
• BFF3331 International banking and finance, or BFX3871 International study program in banking and finance
• BFF3351 Investment banking
• BFF3651 Treasury management
• BFF3751 Derivatives
• BTF2601 Banking law
• ECF1200 Macroeconomics
• ECF2331 Macroeconomic and monetary policy
• ETF3300 Quantitative methods for financial markets
• ETF2121 Data analysis in business

Bachelor of Business and Commerce

To complete the banking and finance major in the Bachelor of Business and Commerce or related double degrees, students must complete:

The following eight units (48 points):

• ACW2851 Accounting information systems and financial modelling
• BFW1300 Money and capital markets
• BFW2401 Commercial banking and finance
• BFW2631 Financial management
• BFW3121 Investments and portfolio management
• BFW3331 International banking and finance
• BFW3651 Treasury management
• BFW3841 Lending decisions

To complete the business analytics major, students must complete eight units (48 points) as follows:

(a.) the following seven units (42 points):

• ETW1000 Business and economic statistics
• ETW1010 Data modelling and computing
• ETW2480 Business modelling methods
• ACW2851 Accounting information systems and financial modelling
• ETW3482 Data mining for business
• ETW3483 Enterprise resource planning
• MGX2700 Project management for small to medium enterprises

(b.) one unit from the following (6 points):

• ETW3480 Decision analysis for managers
• ETW3420 Principles of forecasting and applications
• ETW3481 Econometric methods for finance

All students complete the requirements as outlined below for the degree in which they are enrolled.

Bachelor of Business

To complete the business law major in the Bachelor of Business or related double degrees, students must complete:

(a.) The following three units (18 points):

• BTF1010 Commercial law
• BTX2000 Corporations law
• BTX3900 Research project in business law or taxation

(b.) Five units (30 points) from the following list:

• BTF2223 Corporate crime
• BTF2601 Banking law
• BTF2991 Employment law
• BTF3100 Environmental law for business
• BTF3181 Marketing law
• BTF3201 International trade law
• BTF3931 Taxation law
• BTX3350 Business taxation and GST

Note: The major requires completion of at least two units (12 points) at each of second and third-year levels.

Bachelor of Business (Law)

To complete the business law major in the Bachelor of Business (Law) or related double degrees, students must complete:

(a.) The following three units (18 points):

• BTF1010 Commercial law
• BTX2000 Corporations law
• BTX3900 Research project in business law or taxation

(b.) Five units (30 points) from the following list:

• BTF2223 Corporate crime
• BTF2601 Banking law
• BTF2991 Employment law
• BTF3100 Environmental law for business
• BTF3181 Marketing law
• BTF3201 International trade law
• BTF3888 Chinese taxation law
• BTF3931 Taxation law

(c.) Two units (12 points) from the following list:

• ACF1121 Introduction to financial accounting
• ACF2391 Cost information for decision making
• BFF1300 Money and capital markets
• BFF2631 Financial management
• ECF1200 Macroeconomics
• ETF3231 Business forecasting
• MGF2351 International business
• MGF3401 Strategic management
• MKF2111 Buyer behaviour
• MKF3141 Issues in competitive advantage

Bachelor of Business and Commerce

To complete the business law major in the Bachelor of Business and Commerce or related double degrees, students must complete:

The following eight units (48 points):

• BTW1042 Malaysian business law
• BTW2213 Malaysian company law
• BTW2241 Comparative workplace relations law
• BTW2320 Current issues in corporate governance
• BTW3153 Malaysian income tax law
• BTW3201 International trade law
• BTW3233 Conventional and Islamic finance law
• BTW3281 Marketing law

To complete the business law and taxation major in the Bachelor of Commerce (Honours), students must complete:

(a.) Four compulsory units (42 points):

• BTX4110 Directed studies 1
• BTX4120 Directed studies 2
• BTX4130 Research project
• BTX4900 Research methods and report

(b.) One third-year-level unit (6 points) from the Department of Business Law and TaxationDepartment of Business Law and Taxation (http://www.monash.edu.au/pubs/2015handbooks/units/index-byou-department-of-business-law-and-taxation.html).

Students must have their enrolment approved by the head, or nominee of the Department of Business Law and Taxation.

To complete the business modelling major in the Bachelor of Commerce or related double degrees, students must complete:

(a.) The following six units (36 points):

• ETC1010 Data modelling and computing
• ETC2440 Mathematics for economics and business
• ETC2480 Business modelling methods
• ETC3490 Risk and business modelling
• FIT1040 Programming fundamentals
• FIT2081 Mobile application development

(b.) two units from the following list (12 points):

• BFC3540 Modelling in finance
• ECC3860/ETC3860 Integrated economic modelling
• ETC2410/ETC3440 Introductory econometrics
• ETC2450 Applied forecasting for business and economics

Note: the major requires completion of at least two units (12 points) at each of second and third-year levels.

To complete the business strategy major in the Bachelor of Business or related double degrees, students must complete:

(a.) The following four units (24 points)

• MGP2249 Project and innovation management
• MGP3113 Organisation governance and ethics
• MGP3684 Business strategy
• MKP2701 Consumer psychology

(b.) Four units (24 points) from the following list:

• BEX2622 Issues in global business
• BEX3350 Investigative project in business
• BFP2631 Financial management
• MGP2278 Cross cultural management and communication
• MKP2702 Stakeholder marketing communication

To complete the econometrics major in the Bachelor of Commerce (Honours) or the Honours degree of Bachelor of Economics Advanced with Honours, students must complete:

(a.) One core unit (12 points):

• ETC4860 Research paper

(b.) At least three units (18 points) from the following list:

• ETC4010 Reading unit
• ETC4400 Econometric theory
• ETC4410 Applied econometrics 2
• ETC4420 Microeconometrics
• ETC4430 Quantitative economic policy
• ETC4460 Financial econometrics 2
• ETC4480 Optimisation for management
• ETC4541 Bayesian time series econometrics

(c.) Up to three further honours units (18 points) subject to the following conditions:

• a maximum of two third-year level units from the departments of Econometrics and Business Statistics, Economics, Accounting and Finance, or School of Mathematical Sciences (Faculty of Science). It is strongly recommended that ETC3400 (Principles of econometrics) be included, if the student has not previously passed this unit
• a maximum of three units from honours units offered by the Department of Economics or the School of Mathematical Sciences
• a maximum of two units from honours units offered by other departments in the faculty or University.

These units can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; honours units are those that commence with the number 4.

Students must have their enrolment approved by the head, or nominee of the Department of Econometrics and Business Statistics.

To complete the econometrics major in the Bachelor of Business or related double degrees, students must complete:

(a.) The following two units (12 points):

• ETF2100 Introductory econometrics
• ETX1100 Business statistics

(b.) Six units (36 points) from the following:

• ETF2480 Business modelling
• ETF2700 Mathematics for business
• ETX2250 Data visualisation and analytics
• ETF3200 Applied econometrics
• ETF3300 Quantitative methods for financial markets
• ETF3480 Optimisation for managers
• ETF3500 Survey data analysis
• ETF3600 Quantitative models for business research
• ETF2121 Data analysis in business
• ETF3231 Business forecasting

Note: The major requires completion of at least two units (12 points) at each of second and third-year levels.

All students complete the requirements as outlined below for the degree in which they are enrolled.

Bachelor of Commerce

Bachelor of Commerce Scholars Program

Bachelor of Economics

Bachelor of Economics Advanced with Honours

To complete the econometrics and business statistics major in the Bachelor of Commerce. Bachelor of Commerce Scholars Program, Bachelor of Economics or Bachelor of Economics Advanced with Honours or related double degrees, students must complete:

(a.) The following two units (12 points):

• ETC1000 Business and economic statistics
• ETC2410 Introductory econometrics

(b.) Two units (12 points) from the following list:

• ETC3400 Principles of econometrics
• ETC3410 Applied econometrics
• ETC3450 Time series analysis for business and economics
• ETC3460 Financial econometrics

(c.) Four units (24 points) from the following list and from (b.) not previously completed:

• ECC2000 Intermediate microeconomics
• ECC2010 Intermediate macroeconomics
• ECC3840 Mathematical economics
• ETC1010 Data modelling and computing
• ETC2430 Actuarial statistics
• ETC2440 Mathematics for economics and business
• ETC2450 Applied forecasting for business and economics
• ETC2470 Applied business modelling
• ETC2480 Business modelling methods
• ETC2500 Marketing research analysis
• ETC2520 Probability and statistical inference for economics and business
• ETX2250 Data visualisation and analytics
• ETC3250 Business analytics
• ETC3420 Bayesian modelling and risk analysis
• ETC3490 Risk and business modelling
• ETC3500 Survey data analysis
• ETC3510 Modelling in finance and insurance
• ETC3530 Contingencies in insurance and pensions
• ETC3860 Integrated economic modelling

Note: The major requires completion of at least two units (12 points) at each of second and third-year levels.

Bachelor of Business and Commerce

To complete the econometrics and business statistics major in the Bachelor of Business and Commerce or related double degrees, students must complete:

The following eight units (48 points):

• ETW1000 Business and economics statistics and ETW1010 Data modelling and computing, or ETW1102 Business statistics and ETW2111 Business data modelling
• ETW2410 Introductory econometrics
• ETW2420 Survey methods and managerial statistics
• ETW2480 Business modelling methods
• ETW3410 Applied econometrics
• ETW3420 Principles of forecasting and applications
• ETW3480 Decision analysis for managers

To complete the economics major in the Bachelor of Commerce (Honours) or the Bachelor of Economics Advanced with Honours, students must complete:

(a.) Three compulsory units (24 points):

• ECC4650 Microeconomics
• ECC4660 Macroeconomics
• ECC4860 Applied economics research paper (12 points)

(b.) A maximum of four units (24 points) from the following list:

• ECC4670 Development economics
• ECC4690 International trade
• ECC4700 Competition, regulation and policy
• ECC4710 Post-Keynesian economics
• ECC4720 Law and economics
• ECC4750 Financial economics
• ECC4790 Project evaluation
• ECC4810 Public economics
• ECC4830 Welfare economics
• ECC4840 Economics of industry, institution and organisation
• ECC4870 Health economics
• ECC4990 Economic evaluation of health services
• ETC4430 Quantitative economic policy

Students can vary this list subject to the following conditions:

• a maximum of two fourth year units from the departments of Accounting, Banking and Finance, Business Law and Taxation, or from the Department of Econometrics and Business Statistics where one of these units can be a third year unit, provided it is ETC3410 Applied Econometrics.
• a maximum of one third year-level unit from the Department of Economics
• a maximum of one honours unit from another faculty where it is complementary to the honours program offered by the Department of Economics.

These units can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; honours units are those that commence with the number 4.

Students must have their enrolment approved by the head, or nominee, of the Department of Economics.

All students complete the requirements as outlined below for the degree in which they are enrolled.

Bachelor of Commerce

Bachelor of Commerce Scholars Program

Bachelor of Economics

Bachelor of Economics Advanced with Honours

To complete the economics major in the Bachelor of Commerce, Bachelor of Commerce Scholars Program, Bachelor of Economics or Bachelor of Economics Advanced with Honours or related double degrees, students must complete:

(a.) The following four units (24 points):

• ECC1000 Principles of microeconomics
• ECC1100 Principles of macroeconomics
• ECC2000 Intermediate microeconomics
• ECC2010 Intermediate macroeconomics

(b.) Two units (12 points) from the following list:

• ECC3660 Monetary economics
• ECC3670 Economics of developing countries
• ECC3690 International economics
• ECC3810 Public finance
• ECC3830 Industrial organisation and regulation

(c.) Two units (12 points) from the following list or from (b.) not previously completed:

• ECC2300 Current issues in macroeconomic policy
• ECC2360 Environmental economics
• ECC2400 Current issues in applied microeconomics
• ECC2450 Sports economics
• ECC2600 Behaviour, rationality and organization
• ECC2610 Game theory and strategic thinking
• ECC2800 Prosperity, poverty and sustainability in a globalised world
• ECC3640 Economics of climate change
• ECC3650 Applied general equilibrium economics
• ECC3710 Labour economics
• ECC3800 History of economic thought
• ECC3840 Mathematical economics
• ECC3860 Integrated economic modelling
• ETC2410 Introductory econometrics
• ETC2440 Mathematics for economics and business
• ETC3410 Applied econometrics

Bachelor of Business Science

To complete the economics major in the Bachelor of Business Science, students must complete the following eight units (48 points):

• ECS1101 Introductory microeconomics
• ECS1102 Introductory macroeconomics
• ECS2141 Economics of labour markets
• ECS2730 Macroeconomic policy
• ECS2731 Managerial economics
• ECS3121 Economics of international trade
• ECS3143 Economics of money and banking
• ECS3830 Business competition and regulation

Bachelor of Business and Commerce

To complete the economics major in the Bachelor of Business and Commerce or related double degrees, students must complete:

Gippsland and off campus

The following eight units (48 points):

• ECG1101 Introductory microeconomics
• ECG1102 Introductory macroeconomics
• ECG2730 Macroeconomic policy
• ECG2731 Managerial economics
• ECG2141 Economics of labour markets
• ECG2721 Trade finance and foreign exchange
• ECG3143 Economics of money and banking
• ECG3145 Energy, environment and sustainable development

Malaysia

The following eight units (48 points):

• ECW1101 Introductory microeconomics
• ECW1102 Introductory macroeconomics
• ECW2730 Macroeconomic policy
• ECW2731 Managerial economics
• ECW2141 Economics of labour markets
• ECW2721 Trade finance and foreign exchange
• ECW3143 Economics of money and banking
• ECW3830 Business competition and regulation

Bachelor of Business

To complete the economics major in the Bachelor of Business or related double degrees, students must complete:

(a.) The following four units (24 points):

• ECF1100 Microeconomics
• ECF1200 Macroeconomics
• ECF2331 Macroeconomics and monetary policy
• ECF2731 Managerial economics

(b.) Two units (12 points) from the following list:

• ECF3120 Consumer economics
• ECF3121 Economics of international trade
• ECF3143 Economics of money and banking
• ECF3900 Business, competition and regulation

(c.) Two units (12 points) from the following list:

• BFF1300 Money and capital markets
• BTX2000 Corporations law
• ECF2450 Sports economics
• ECF2721 Trade, finance and foreign exchange
• ECX3550 Business in Asia
• ETF2700 Mathematics for business
• ETF2121 Data analysis in business
• MGF2351 International business

To complete the economics and econometrics double major in the Bachelor of Commerce (Honours) or Bachelor of Economics Advanced with Honours, students must complete:

(a.) One core unit from the following (12 points):

• ECC4860 Applied economics research paper
• ETC4860 Research paper

(b.) Three units (18 points) from the following list:

• ECC4650 Microeconomics
• ECC4660 Macroeconomics
• ETC4410 Applied econometrics 2
• ETC4420 Microeconometrics

(c.) Up to three further units (18 points) from the following list, subject to the condition that students complete a total of three ECC units and two ETC units in (b.) or (c.):

• ECC4670 Economic development
• ECC4690 International trade
• ECC4700 Competition, regulation and policy
• ECC4710 Post-Keynesian economics
• ECC4720 Law and economics
• ECC4750 Financial economics
• ECC4790 Project evaluation
• ECC4810 Public economics
• ECC4830 Welfare economics
• ECC4840 Industrial organisation
• ECC4870 Health economics
• ECC4990 Economic evaluation of health services
• ETC4400 Econometric theory
• ETC4430 Quantitative economic policy
• ETC4460 Financial econometrics 2
• ETC4480 Optimisation for management
• ETC4541 Special topics in econometrics

Students can vary this list subject to the following conditions:

• a maximum of one third year-level unit taught by the Department of EconomicsDepartment of Economics (http://www.monash.edu.au/pubs/2015handbooks/units/index-byou-department-of-economics.html) or the Department of Econometrics and Business StatisticsDepartment of Econometrics and Business Statistics (http://www.monash.edu.au/pubs/2015handbooks/units/index-byou-department-of-econometrics-and-business-statistics.html).

Students must have their enrolment approved by the heads, or nominees of the departments of Economics, and Econometrics and Business Statistics.

To complete the finance major in the Bachelor of Commerce (Honours), students must complete:

(a.) Semester one:

(i.) One compulsory unit (6 points):

• BFX4000 Research methods

(ii.) Three units (18 points) from the following list:

• BFX4030 Advanced modelling in finance
• BFX4060 Issues in corporate finance
• BFX4080 Issues in banking
• BFX4120 Issues in investments

(b.) Semester two:

(i.) Research dissertation (18 points)

• BFX4018 Research dissertation

(ii.) One honours unit (6 points) offered by the Faculty of Business and Economics. This unit can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; honours units are those that commence with the number 4.

Students must have their enrolment approved by the head, or nominee of the Department of Banking and Finance.

To complete the finance major in the Bachelor of Commerce, Bachelor of Commerce (Accounting and Finance) or Bachelor of Commerce Scholars Program or related double degrees students must complete:

(a.) The following three units (18 points):

• ACC1000 Principles of accounting and finance
• BFC2140 Corporate finance
• BFC3140 Advanced corporate finance

(b.) Two units (12 points) from the following list:

• ACC3230 Financial analysis and valuation
• BFC2000 Financial institutions and markets
• BFC2240 Equities and investment analysis
• BFC2340 Debt markets and fixed income securities
• BFC3170 Management of financial intermediaries
• BFC3240 International finance
• BFC3340 Options, financial futures and other derivatives
• BFC3440 Pension and financial planning
• BFC3540 Modelling in finance
• BFX3355 Property investment
• BFX3871 International study program in banking and finance

(c.) Three units (18 points) from the following list or units from (b.) not previously completed:

• BTX3130 Stock exchange and derivatives law
• BTC3200 Finance law
• ECC1100 Principles of macroeconomics
• ECC2300 Current issues in macroeconomic policy
• ECC3660 Monetary economics
• ETC2430 Actuarial statistics
• ETC3440 Introductory econometrics
• ETC3460 Financial econometrics

Note: The major requires completion of at least two units (12 points) at each second and third-year levels.

To complete the finance and econometrics double major in the Bachelor of Commerce (Honours), students must complete:

(a.) Semester one:

(i.) Two finance units (12 points) from the following:

• BFX4030 Advanced modelling in finance
• BFX4060 Issues in corporate finance
• BFX4080 Issues in banking

(ii.) Two econometric units (12 points) from the following:

• ETC4400 Econometric theory
• ETC4410 Applied econometrics 2
• ETC4420 Microeconometrics

(b.) Semester two:

(i.) Research project (12 points)

• ETC4860 Research project

(ii.) One compulsory unit (6 points)

• ETC4460 Financial econometrics 2

(iii.) One honours unit (6 points) subject to the following conditions:

• any honours unit offered by the Department of Banking and Finance. This unit can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; honours units are those that commence with the number 4.

Students must have their enrolment approved by the heads, or nominees, of the departments of Econometrics and Business Statistics, and Banking and Finance.

To complete the finance and economics major in the Bachelor of Business Administration degree, students must complete:

The following 10 units (60 points):

• ACB2851 Accounting information systems and financial modelling
• BFB1300 Money and capital markets
• BFB2631 Financial management
• BFB3121 Investments and portfolio management
• ECB1102 Introductory macroeconomics
• ECB2331 Macroeconomic and monetary policy
• ECB2731 Managerial economics
• ECB3143 Economics of money and banking
• ECB3121 Economics of international trade and finance
• ETB2111 Business data modelling

To complete the finance and macroeconomics major in the Bachelor of Business and Commerce, students must complete:

The following eight units (48 points):

• ACG2851 Accounting information systems and financial modelling
• BFG1300 Money and capital markets
• BFG2631 Financial management
• BFG3121 Investments and portfolio management
• ECG1102 Introductory macroeconomics
• ECG2730 Macroeconomic policy
• ECG2721 Trade finance and foreign exchange
• ECG3143 Economics of money and banking

To complete the financial and insurance mathematics major in the Bachelor of Commerce, Bachelor of Commerce Scholars Program, Bachelor of Economics or Bachelor of Economics Advanced with Honours students must complete:

(a.) The following five units (30 points):

• ETC2410/ETC3440 Introductory econometrics
• ETC2440 Mathematics for economics and business
• ETC2520 Probability and statistical inference for economics and business
• ETC3510 Financial mathematics
• MTH3241 Random processes in the sciences and engineering

(b.) one of the following (12 points):

(i.) the follwing two units:

• MTH1020 Analysis of change
• MTH1030 Techniques for modelling

(ii.) If VCE Specialist Mathematics units 3 and 4 (with an average grade of B or above in the written examination components) have been completed:

• MTH1030 Techniques for modelling

and one of the following:

• MTH2032 Differential equations with modelling
• MTH2140 Real analysis

(c.) One unit from the following list (6 points):

• ETC3420 Bayesian modelling and risk analysis
• ETC3530 Contingencies in insurance and pensions

All students complete the requirements as outlined below for the degree in which they are enrolled.

Bachelor of Business

To complete the human resource management major in the Bachelor of Business or related double degrees, students must complete:

• MGF1010 Introduction to management
• MGF2341 Managing employee relations
• MGF2661 Human resource management
• BTF2991 Employment law
• MGF2656 HRM and managing global workforces
• MGX3441 Human resource strategy
• MGF3450 Managing conflict
• MGX3100 Management ethics and corporate governance

Bachelor of Business and Commerce

To complete the human resource management major in the Bachelor of Business and Commerce or related double degrees, students must complete:

(a.) The following two units (12 points):

• MGG1010 Introduction to management
• MGG2430 Human resource management

(b.) the follwoing six units (36 points):

• ECG2141 Economics of labour markets
• MGG2230 Organisational behaviour
• MGG2322 Recruitment and selection
• MGG2323 Employment relations
• MGG3130 Organisational change and development
• MGG3430 International human resource management

To complete the information technology specialisation in the Master of Business, students must complete six units from the following list (36 points):

• FIT5057 Project management
• FIT5094 IT for management decision making
• FIT5101 Enterprise systems
• FIT5102 IT strategy and governance
• FIT5107 Managing business records
• FIT5123 Introduction to business information systems
• FIT5132 Introduction to database
• FIT5133 Enterprise architecture and management

Bachelor of Business

To complete the international business major in the Bachelor of Business or related double degrees, students must complete the following eight units (48 points):

• BFF2341 International financial management
• BTF3201 International trade law
• ECF1100 Microeconomics
• ECF2721 Trade finance and foreign exchange
• MGF2351 International business
• MGF3681 International management
• MKF1120 Marketing theory and practice
• MKF3531 International marketing

Bachelor of Business and Commerce

To complete the international business major in the Bachelor of Business and Commerce or related double degrees, students must complete the following eight units (48 points):

• BFW2341 International financial management
• BTW3201 International trade law
• ECW2721 Trade finance and foreign exchange
• ECW3301 Case studies in international trade
• MGW2351 International business
• MGX3121 International business strategy
• MGW3681 International management
• MKW3444 International marketing

To complete the international commerce major in the Bachelor of Commerce or related double degrees, students must complete:

(a.) The following two units (12 points):

• ACC1030 Introduction to financial accounting
• ECC1100 Principles of macroeconomics

(b.) At least one unit (6 points) from the following list:

• MGC3120 International management
• MKC3220 International marketing

(c.) Five units (30 points) from the following list including the unit from (b.) not previously completed:

• ACC2120 Financial accounting
• ACC3160 Auditing and assurance
• BFC2140 Corporate finance
• BFC3240 International finance
• BFX3871 International study program in banking and finance
• BTC2190 International trade law
• ECC2000 Intermediate microeconomics
• ECC2010 Intermediate macroeconomics
• ECC2300 Current issues in macroeconomic policy
• ECC3690 International economics
• ETC2410/ETC2410/ETC3440 Introductory econometrics
• MGC2120 Managing international business
• MGC2130 Asian management
• MGC2410 International employment relations
• MGC2430 Human resource management
• MGC3430 International human resource management

Note: The major requires completion of at least two units (12 points) at each of second and third-year levels.

To complete the law and responsible business specialisation in the Master of Business, students must complete:

(a.) the following four units (24 points):

• BTF5000 Corporate governance
• BTF5841 Human resources management law
• BTF5903 Law and business decisions
• BTF5965 Taxation law

(b.) two of the following units (12 points):

• BTF5150 Law of marketing
• BTF5170 Chinese business law
• BTF5180 Financial services regulation
• BTF5910 Sustainability regulation
• BTF5919 International trade law

To complete the management major in the Bachelor of Commerce (Honours), students must complete:

Five compulsory units (48 points):

• MGX4000 Introductory management research methods
• MGX4100 Perspectives and paradigms in management theory
• MGX4200 Data analysis for organisational research
• MGX4300 Contemporary issues in management
• MGX4400 Research thesis (24 points)

Students must have their enrolment approved by the head, or nominees of the Department of Management.

All students must complete the requirements as outlined below in the degree in which they are enrolled.

Bachelor of Business

To complete the management major in the Bachelor of Business or related double degrees, students must complete:

(a.) The following six units (36 points):

• MGF1010 Introduction to management
• MGF1100 Managerial communication
• MGF2111 Organisational behaviour
• MGF2351 International business
• MGF3401 Strategic management
• MGF3621 Organisational change

(b.) Two units* (12 points) from the following list:

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

* NOTE: Students enrolled in a double degree with the Bachelor of Business (Management) will need to complete four units (24 points) from listed units in (b.)

Bachelor of Business (Psychology)

To complete the management major in the Bachelor of Business (Psychology), students must complete:

(a.) The following seven units (42 points):

• MGF1010 Introduction to management
• MGF1100 Managerial communication
• MGF2111 Organisational behaviour
• MGF2351 International business
• MGF3401 Strategic management
• MGF3621 Organisational change
• PMM3020 Psychology, management and marketing

(b.) One unit (6 points) from the following list:

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

Bachelor of Business and Commerce

To complete the management major in the Bachelor of Business and Commerce and related double degrees, students must complete:

Malaysia

(a.) Three units (18 points):

• MGW1010 Introduction to management
• MGW2230 Organisational behaviour
• MGW3401 Strategic management

(b.) Five units (30 points) from the following:

• MGW1100 Managerial communication
• MGW1232 Introduction to Islamic business
• MGW2351 International business
• MGW2430 Human resource management
• MGX2700 Project management for small to medium enterprises
• MGX3121 International business strategy
• MGW2991 Leadership in Asia
• MGW3130 Organisational change and development
• MGW3234 Social entrepreneurship
• MGW3381 Management information systems
• MGW3681 International management

Gippsland

(a.) Three units (18 points):

• MGG1010 Introduction to management
• MGG2230 Organisational behaviour
• MGG3401 Strategic management

(b) Five units (30 points) from the following list:

• MGG1100 Managerial communication
• MGG2322 Recruitment and selection
• MGG2323 Employment relations
• MGG2351 International business
• MGG2430 Human resources management
• MGG2700 Project management for small and medium enterprises
• MGG3130 Organisational change and development
• MGG3352 Service operations management
• MGG3430 International human resource management
• MGG3681 International management

Bachelor of Business Science

To complete the management major in the Bachelor of Business Science, students must complete:

(a.) The following four units (24 points):

• MGW1010 Introduction to management
• MGW1100 Managerial communication
• MGW2230 Organisational behaviour
• MGW3401 Strategic management

(b.) Four units (24 points) from the following list:

• MGW2351 International business
• MGW2430 Human resource management
• MGW2511 Managing quality, innovation and knowledge
• MGW3130 Organisational change and development
• MGW3210 Organisational wellness
• MGX3650 Integrated business management simulation
• MGX3651 Entrepreneurship
• MGX3991 Leadership principles and practices

To complete the management studies major in the Bachelor of Commerce or Bachelor of Commerce Scholars Program or related doube degrees, students must complete:

(a.) The following four units (24 points):

• MGC1010 Introduction to management
• MGC1020 Organisations: Contexts and strategies
• MGC2230 Organisational behaviour
• MGC3110 Strategic management

(b.) Four units from any of the streams listed below:

International management:

• MGC2120 Managing international business
• MGC2130 Asian management
• MGC2410 International employment relations
• MGC3120 International management
• MGC3430 International human resources management

Managing contexts:

• MGC2310 Public management
• MGC2320 Business and government
• MGC3250 Management in small firms
• MGC3130 Management of change
• MGX3100 Management ethics and corporate governance
• MGX3991 Leadership principles and practices

Human resource management:

• MGC2430 Human resource management
• MGC2420 Employee relations
• MGC2410 International employment relations
• MGC3430 International human resource management
• MGC3420 Human resource development
• MGC3450 Managing conflict
• MGX3441 Human resource strategy

Note: The streams reflect a diversity of disciplines that underpin management thought, and develop in students a sound understanding of current organisational issues and perspectives in a variety of contexts. Streams will not be detailed on the student transcript or testamur.

The major requires completion of at least two units (12 points) at each of second and third-year levels.

To complete the managing human capital specialisation in the Master of Business, students must complete the following six units (36 points):

(a.) five units (30 points) from the following list:

• MGF5921 Foundations in human resource management
• MGF5130 Managing diversity and inclusion
• MGX5220 Managing work, family and life
• MGX5950 Human resource development
• MGF5630 Principles of negotiation
• MGF5610 People management and work in a global context

(b.) one compulsory capstone unit (6 points):

• MGF5702 People management and strategy

To complete the marketing major in the Bachelor of Commerce (Honours) students must complete:

Five compulsory units (48 points):

• MKX4050 Marketing theory
• MKX4060 Marketing research practice
• MKX4070 Qualitative research methods
• MKX4080 Advanced business research methods
• MKX4900 Independent research project (24 points)

Students must have their enrolment approved by the head, or nominees of the Department of Marketing.

Master of Business

To complete the marketing major in the Master of Business, students must complete:

Six units (36 points) from the following list:

• MKF5200 Assessing marketing performance
• MKF5280 Sustainable marketing
• MKF5911 Theory and process of buyer behaviour
• MKF5912 Marketing research
• MKF5660 Relationship marketing
• MKF5926 Integrated marketing communication
• MKX5123 Entrepreneurial innovation
• MKX5260 International marketing
• MKX5955 Marketing and the international consumer

All students must complete the requirements as outlined below for the degree in which they are enrolled.

Bachelor of Business Administration

To complete the marketing major in the Bachelor of Business Administration degree, students must complete:

The following 10 units (60 points):

• BTB3281 Marketing law
• MKB2402 Consumer behaviour
• MKB2420 Marketing research methods
• MKB2500 Retail management principles
• MKB2521 Brand management
• MKB2600 Tourism marketing
• MKB3301 Services marketing
• MKB3461 Marketing communication
• MKB3531 International marketing
• MKB3881 Digital marketing

Students seeking accreditation with the Tax Practitioners Board are recommended to study:

• BTB3350 Business taxation
• BTB3281 Marketing law

Bachelor of Business

Bachelor of Business (Marketing)

To complete the marketing major in the Bachelor of Business or Bachelor of Business (Marketing) or related double degrees, students must complete:

(a.) The following seven units (42 points):

• MKF1120 Marketing theory and practice
• MKF2111 Buyer behaviour
• MKF2121 Marketing research methods
• MKF2131 Marketing decision analysis
• MKF3121 Marketing planning and implementation
• MKF3131 Strategic marketing
• MKF3461 Marketing communication

(b.) One unit (6 points) if enrolled in the Bachelor of Business, or three units (18 points) if enrolled in the Bachelor of Business (Marketing), from the following list:

• BTF3181 Marketing law
• MKF2401 Marketing issues in packaging design
• MKF3301 Services marketing
• MKF3471 Sales management and negotiation
• MKF3500 Survey data analysis
• MKX3521 International study program in marketing
• MKF3531 International marketing
• MKF3881 Digital marketing
• MKX1500 Retail management principles
• MKF2521 Brand management
• MKX2531 Not for profit marketing
• MKX3200 Sport marketing and sponsorship
• MKX3481 Marketing channels
• MKX3621 Advertising management
• MKX3631 Marketing internship

Bachelor of Business (Psychology)

To complete the marketing major in the Bachelor of Business (Psychology) students must complete:

(a.) The following seven units (42 points):

• MKF1120 Marketing theory and practice
• MKF2111 Buyer behaviour
• MKF2121 Marketing research methods
• MKF3121 Marketing planning and implementation
• MKF3131 Strategic marketing
• MKF3461 Marketing communication
• PMM3020 Psychology, management and marketing

(b.) One unit (6 points) from the level two and three units offered by the Department of Marketing at the Caulfield campus. These units can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; undergraduate units are those that commence with the numbers 1-3. The unit BTF3181 (Marketing law) may also be chosen as part of the marketing major in this degree.

Bachelor of Business and Commerce

To complete the marketing major in the Bachelor of Business and Commerce and related double degrees, students must complete:

Gippsland and off campus

(a.) The following seven units (42 points):

• MKG1120 Marketing theory and practice
• MKG2402 Consumer behaviour
• MKG2420 Marketing research methods
• MKG2460 Integrated marketing communication
• MKG3121 Marketing planning and implementation
• MKG3440 Marketing strategy
• MKG3444 International marketing

(b.) the following unit (6 points):

• MKG3442 Sales management

Malaysia

(a.) The following seven units (42 points):

• MKW1120 Marketing theory and practice
• MKW2402 Consumer behaviour
• MKW2420 Marketing research methods
• MKW2460 Integrated marketing communication
• MKW3121 Marketing planning and implementation
• MKW3440 Marketing strategy
• MKW3444 International marketing

(b.) One unit (6 points) from the following list:

• BTW3281 Marketing law
• MKW1601 Introduction to e-business
• MKW2431 Business marketing
• MKW2841 E-business models and analysis
• MKW3301 Services marketing
• MKW3841 E-business performance measurement
• MKW3881 Electronic marketing

Bachelor of Business Science

To complete the marketing major in the Bachelor of Business Science degree, students must complete:

(a.) The following seven units (42 points):

• MKW1120 Marketing theory and practice
• MKW2402 Consumer behaviour
• MKW2420 Marketing research methods
• MKW2460 Integrated marketing communication
• MKW3121 Marketing planning and implementation
• MKW3440 Marketing strategy
• MKW3444 International marketing

(b.) One unit (6 points) from units offered by the Department of Marketing. These units can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; undergraduate units are those that commence with the numbers 1-3.

Bachelor of Commerce

Bachelor of Commerce Scholars Program

To complete the marketing major in the Bachelor of Commerce, Bachelor of Commerce Scholars Program, or related double degrees, students must complete:

(a.) The following six units (36 points):

• MKC1200 Principles of marketing
• MKC2110 Buyer behaviour in marketing
• MKC2500 Marketing research analysis
• MKC2130 Marketing decision analysis
• Marketing strategy implementation
• Marketing planning and strategy development

(b.) Two units (12 points) from the following list:

• Global marketing and retailing
• MKC3300 Marketing law
• MKC3460 Integrated marketing communication
• MKC3500 Survey data analysis
• MKX3481 Marketing channels

NOTE: The major requires completion of at least two units (12 points) at each of second and third year levels.

To complete the marketing and communication major in the Bachelor of Business, students must complete:

(a.) The following five units (30 points)

• MGP3684 Business strategy
• MKP2701 Consumer psychology
• MKP2702 Stakeholder marketing communication
• MKP2720 Research methods and analysis
• MKP3800 Social marketing

(b.) Three units (18 points) from the following list:

• ACP2851 Business information and systems
• BFP2631 Financial management
• MGP2200 Festivals and events
• MKP2600 Tourism marketing
• MKP3200 Sport marketing and sponsorship

To complete the philosophy and politics* major in the Bachelor of Commerce, Bachelor of Commerce Scholars Program, Bachelor of Economics or Bachelor of Economics Advanced with Honours or related double degrees students must complete the following units from the Faculty of Arts:

(a.) Four units (24 points) from the philosophyphilosophy (http://www.monash.edu.au/pubs/2015handbooks/aos/philosophy/ug-arts-philosophy.html) area of study

(b.) Four units (24 points) from the politicspolitics (http://www.monash.edu.au/pubs/2015handbooks/aos/politics/ug-arts-politics.html) area of study

The units must include two units (12 points) at level one and one unit (six points) at each of second and third-year levels from both philosophy and politics.

* Philosophy and politics can only be completed as a second major and may not be available in all double degrees.

To complete the project management specialisation in the Master of Business, students must complete the following six units (36 points):

• FIT5057 Project management
• FIT5178 Applied project management
• FIT5194 Computer based global project management
• BFF5954 Business finance
• BFF5333 Project finance
• MGF5701 Designing business processes

All students complete the requirements as outlined below for the degree in which they are enrolled. Please note that some psychology units are taught at the Clayton campus.

Bachelor of Business

Bachelor of Business (Psychology)

To complete the psychology major in the Bachelor of Business or Bachelor of Business (Psychology), students must complete:

• the Australian Psychology Accreditation Council (APAC)-accredited 60 point major in psychology as outlined on the Faculty of Medicine, Nursing and Health Sciences' psychologypsychology (http://www.monash.edu.au/pubs/2015handbooks/aos/psychology/ug-med-psychology.html) area of study page.

To complete the responsible management specialisation in the Master of Business, students must complete:

Six units (36 points) from the following list:

• MGX5962 Foundations of management
• MGX5991 Personal development - critical thinking and communication
• MGX5992 Personal development - managing self and relationships
• MGF5020 Business ethics in a global environment
• MGF5030 Corporate social responsibility
• MGF5928 Leadership theory and practice
• MGF5130 Managing diversity and inclusion
• MGX5220 Managing work, family and life

To complete the risk management specialisation in the Master of Business, students must complete:

Six units (36 points) from the following list:

• BFF5915 Options, futures and risk management
• BFF5021 Case studies in risk management
• BFF5954 Business finance
• BFF5902 Introduction to risk principles
• BFF5977 Risk financing and treasury management
• BTF5910 Sustainability regulation
• BTF5903 Law and business decisions
• ETF5952 Quantitative methods for risk analysis

To complete the sports management major in the Bachelor of Business or related double degrees, students must complete the following eight units (48 points):

• BFP3400 Sport finance
• BTP3650 Sports law and policy
• ECP2450 Sport economics
• EDF1617 Sport, culture and industry
• MGP2200 Festivals and events
• MGP3684 Business strategy
• MKP2701 Consumer psychology
• MKP3200 Sport marketing and sponsorship

To complete a supply chain management specialistion in the Master of Business, students must complete the following six units (36 points):

• ETF5650 Business optimisation skills
• MGF5600 Managing innovation
• MGX5611 Advanced supply chain management
• MGX5690 Services and operations management
• MGX5691 Sustainable operations and supply chain management
• MGX5961 Supply chain management

To complete the sustainability major in the Bachelor of Commerce or related doubles students must complete:

(a.) The following six units (36 points):

• ATS1309 The global challenge
• ATS2547 Cities and sustainability
• ECC1000 Principles of microeconomics
• ECC2360 Environmental economics
• ECC2800 Prosperity, poverty and sustainability in a globalised world
• MGC2950 Managing for sustainability

(b.) One unit (6 points) from the following list:

• BTC3100 Sustainability and the law
• ECC3640 Economics of climate change
• ECC3860/ETC3860 Integrated economic modelling

(c.) One unit (6 points) from the following options:

• MKX2531 Not for profit marketing
• any unit from (b.) not previously completed
• any unit from the Faculty of Arts undergraduate Society, cities and sustainabilitySociety, cities and sustainability (http://www.monash.edu.au/pubs/2014handbooks/aos/society-cities-and-sustainability/) area of study for which the student can meet unit prerequisites.

Note: The major requires completion of at least two units (12 points) at each of second and third-year levels.

To complete the Taxation major in the Bachelor of Business or related double degrees, students must complete:

(a.) The following six units (36 points):

• BTF1010 Commercial law
• BTX2000 Corporations law
• BTF2601 Banking law*
• BTF3931 Taxation law
• BTX3350 Business taxation
• BTX3900 Research project in business law or taxation

(b.) Two units (12 points) from the following list:

• BTF2223 Corporate crime
• BTF3100 Environmental law for business
• BTF3201 International trade law
• BTX3130 Stock exchange & derivatives law*
• BTF3888 Chinese Taxation Law
• BTX3699 Insolvency

Completion of this major constitutes 'a course in Australian taxation law' as required by the Tax Practitioners Board (TPB). Students completing BTF1010, BTF2220 plus a subject marked (*) meet the 'course in commercial law' requirement of the TPB.

Note TPB requirements are subject to change.

To complete the tourism minor in the Bachelor of Business, students must complete the following four units (24 points):

• MGP2200 Festivals and events
• MGP2501 Introduction to tourism
• MKP1120 Marketing theory and practice
• MKP2600 Tourism marketing