Applied economics considers how to allocate scarce resources to maximise people's welfare. Microeconomics examines decisions of individuals, business and government, and the structure of industries and markets. Macroeconomics examines the behaviour of the economy as a whole, such as economic growth, inflation and unemployment.
In addition to achieving the broad outcomes of their course, students successfully completing this major will:
- have the capability to produce professional and persuasive solutions for current and future business management and strategic challenges.
Applied economics is listed in the Bachelor of Business and Commerce at Malaysia as a major and minor.
Major requirements (48 points)
No more than 12 points at level 1 may be credited to a major and at least 18 points must be credited to the major at level 3.
- The following four units (24 points):
- Three units (18 points) from the following:
- ECW3143 Economics of money and banking
- ECW3301 Case studies in international trade
- ECW3830 Business, competition and regulation
- ECM3670 Development economics
- ECM3810 Public sector economics
- One unit (6 points) from the following:
- ECM2360 Environmental and natural resource economics
- ECW2141 Economics of labour markets
- ECW2721 Trade finance and foreign exchange
- ECX3550 Business in Asia
- one unit (6 points) from b. not previously completed
Minor requirements (24 points)
- The following three units (18 points):
- One of the following units (6 points):
Successful completion of the major can be counted towards meeting the requirements for the following single degree:
- B2026 Bachelor of Business and Commerce
Students in other single bachelor's degrees may be eligible to complete the major using 48 points of their free electives.
Successful completion of the major can be counted towards meeting the requirements for the Bachelor of Business and Commerce component in the following double degree:
- B2027 Bachelor of Business and Commerce and Bachelor of Communication and Media Studies