The specialisation in economics and economic policy provides an advanced knowledge of the theories explaining and analysing the production, distribution, and consumption of goods and services and focuses on how individuals, households, firms and governments interact and how economies work, with an emphasis on economic policy. Microeconomics examines the behaviour of buyers and sellers in the economy, from the microeconomic policy perspective; while macroeconomics analyses the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy, helping to predict economic fundamentals and provide macroeconomic policy advice.
Undergraduate
Commencement year
This area of study entry applies to students commencing this course in 2017 and should be read in conjunction with the relevant course entry in the Handbook.
Any units listed for this area of study relate only to the 'Requirements' outlined in the component of any bachelors double degrees.
Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.
Managing faculty
Location
Units
Students complete:
- The following three units (18 points):
- ECC2000 Intermediate microeconomics
- ECC2010 Intermediate macroeconomics
- ECC3690 International economics*
* Capstone unit.
- Three units (18 points) from List A below and two units (12 points) from List A or List B below:
List A:
- ECC3660 Monetary economics
- ECC3670 Economics of developing countries
- ECC3710 Labour economics
- ECC3810 Public finance
- ECC3830 Industrial organisation and regulation
- ECC3840 Mathematical economics
List B:
- ECC2300 Current issues in macroeconomic policy
- ECC2360 Environmental economics
- ECC2450 Sports economics
- ECC2600 Behavioural economics
- ECC2610 Game theory and strategic thinking
- ECC2800 Prosperity, poverty and sustainability in a globalised world
- ECC3640 Economics of climate change
- ECC3800 History of economic thought
- ETC3410 Applied econometrics
- Four units (24 points) selected from those offered by the Faculty of Business and Economicsoffered by the Faculty of Business and Economics (http://www.monash.edu.au/pubs/handbooks/units/index-byfaculty-bus.html) at Clayton and not already completed
Relevant courses
Bachelors
Single degrees
Successful completion of this specialisation can be counted towards meeting the requirements for the following single degree:
- B2004 Bachelor of Commerce Specialist
Students in other single bachelor's degrees are not eligible to complete this specialisation.
Double degrees
Successful completion of this specialisation can be counted towards meeting the requirements for the Bachelor of Commerce Specialist component in the following double degrees:
- B2014 Bachelor of Commerce and Bachelor of Commerce Specialist
- B2024 Bachelor of Commerce Specialist and Bachelor of Arts
- B2009 Bachelor of Commerce Specialist and Bachelor of Computer Science
- B2015 Bachelor of Commerce Specialist and Bachelor of Information Technology
- B2016 Bachelor of Commerce Specialist and Bachelor of Science
- E3003 Bachelor of Engineering (Honours) and Bachelor of Commerce Specialist