Areas of study by faculty: Business and Economics - 2019

Accountancy is the systematic recording, reporting and analysis of financial transactions. It can be done on a large scale for international corporations, or for individuals, or for any sized business in-between. Accountancy allows a company to analyse its financial performance and report important statistics such as profit and loss to managers and shareholders.

The major includes units that concentrate attention on the preparation and audit of financial reports for managers, owners and other interested parties. Validated and effective financial reports enable performance measurement and control of individuals, teams, corporations, non-government organisations, governments and other entities.

Refer to the Faculty Professional recognition page (http://www.buseco.monash.edu.au/about/professional-recognition.html) for more information about professional recognition.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• integrate and critically apply, theoretical and technical accounting knowledge and skills to solve routine accounting problems.

Availability

Accountancy is listed in B2007 Bachelor of Business Administration at Peninsula as a major and minor, and B2026 Bachelor of Business and Commerce at Malaysia as a major and minor.

Accountancy is the systematic recording, reporting, and analysis of financial transactions. It can be done on a large scale - for international corporations - or for individuals or for any sized business in-between. There are agreed national and international rules and regulations that govern the work of accountants. Accountancy allows a company to analyse its financial performance, and report important statistics such as profit and loss to managers and shareholders.

Knowledge and understanding of accounting is an essential requirement for successful management. The wide range of units offered by the Department of Accounting caters for aspirants seeking success in the accounting profession and also others, majoring in related disciplines, seeking to be competent users of accounting reports.

The major includes units that concentrate attention on the preparation and audit of financial reports for managers, owners and other interested parties. Validated and effective financial reports enable performance measurement and control of individuals, teams, corporations, non-government organisations, governments and other entities.

Refer to the Monash Business School professional recognitionprofessional recognition (http://www.monash.edu/business/future-students/undergraduate-study-options/after-you-graduate/professional-recognition) page for more information about professional recognition.

Availability

Accounting is offered in the Bachelor of Commerce at Clayton and in the Bachelor of Business at Caulfield as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• integrate, and critically apply, theoretical and technical accounting knowledge and skills to solve routine accounting problems.

Knowledge and understanding of accounting is an essential requirement for successful management. The wide range of accounting units offered by the Department of Accounting caters for aspirants seeking success in the accounting profession; and others, majoring in related disciplines, seeking to be competent users of accounting reports. The area of study includes units which concentrate attention on the preparation and audit of financial reports for managers, owners and other interested parties. Validated and effective financial reports enable performance measurement and control of individuals within teams, corporations, non-government organisations, governments and other entities.

Availability

Accounting is offered in the Bachelor of Business Science at Monash South Africa as a major.

Outcomes

In addition to achieving the broad outcomes of their course broadly, students successfully completing this major will be able to:

• integrate, and critically apply, theoretical and technical accounting knowledge and skills to solve routine accounting problems.

Malaysia - some units are taught via concurrent virtual mode.

This program provides doctoral (PhD) students with the opportunity to focus on developing knowledge and expertise in their chosen discipline, as well as developing professional skills that will support their career ambitions.

Each student's research will be supported by the development of a range of skills that will help them to become more efficient researchers, ultimately improving the quality of the research and developing generic/transferable skills of value to prospective employers.

Offered by the Department of Accounting, Monash Business School and the School of Business (Malaysia).

Actuarial studies applies mathematical and statistical methods to assess risk in insurance, finance and other industries. As a graduate of actuarial studies you will be able to seek employment in finance and business fields dealing with life, general or health insurance, superannuation, risk management and financial consulting. Many actuaries and actuarial graduates work on investment operations for asset managers, brokers and banks. There is a range of government-related jobs in regulatory control, workers' compensation, education and others. Some actuaries work with large companies on long-term strategic planning.

Refer to the Monash Business School professional recognitionprofessional recognition (http://www.monash.edu/business/future-students/undergraduate-study-options/after-you-graduate/professional-recognition) page for information about specific units that may be required for professional recognition.

Availability

Actuarial studies is listed in the Bachelor of Commerce at Clayton as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• identify, analyse and quantify risk and opportunity using mathematical, econometric and financial analyses in a wide range of business settings.

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.

Outcomes

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.

Availability

Applied economics is listed in the Bachelor of Business and Commerce at Malaysia as a major and minor.

Banking and finance is the system that manages the circulation of money, the granting of credit, the making of investments, the acquisition of financing and the provision of banking facilities. This system is central to the efficient running of an economy.

Availability

Banking and finance is listed in the Bachelor of Business at Caulfield as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• critically evaluate and analyse financial data and instruments, explain technical and theoretical banking and finance concepts and to formulate and present banking and finance proposals.

This program provides doctoral (PhD) students with the opportunity to focus on developing knowledge and expertise in their chosen discipline, as well as developing professional skills that will support their career ambitions.

Each student's research will be supported by the development of a range of skills that will help them to become more efficient researchers, ultimately improving the quality of the research and developing generic/transferable skills of value to prospective employers.

This program is offered by the Department of Banking and Finance.

Finance is often defined simply as the management of money. This can relate to the finances of individuals and families, of businesses, and of governments. It can also include the consideration of investment risks. Retail, investment and banks offer financial services which are designed to assist with money management, making them an important part of a financial system.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• critically evaluate and analyse financial data and instruments, explain technical and theoretical banking and finance concepts and to formulate and present banking and finance proposals.

Availability

Banking and financial management is listed in the Bachelor of Business and Commerce at Malaysia as a major and minor.

An understanding of how people and organisations behave is important for career success. This major brings together expertise from economics, management, marketing and psychology to provide an in-depth, multidisciplinary approach to a study of the concepts that will provide the knowledge and skills to enable graduates to seek employment in a wide range of fields.

Availability

Behavioural commerce is listed in the Bachelor of Commerce at Clayton as a major or minor.

Double degree students will not be able to change majors following completion of PSY1011 Psychology 1A due to course rules regarding maximum level 1 units. It is recommended students discuss their options with relevant Student Services staff.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• use psychology to help explain the behaviour of key stakeholders in the economy, including consumers, producers and managers in organisations such as firms, corporations and the public sector.

Business administration is the foundation of any business, and strong business administration skills are imperative to keep a company running. This specialisation gives you the high-level skills required to create innovative solutions for business decision making. You'll also develop team and people management skills, as well as a broad understanding of contemporary business challenges across a wide spectrum of business contexts.

Specialisaing in business administration provides you with skills that can be transferred across a number of industries, including the private and public sector. It can also be useful for budding entrepreneurs in running their own business.

Availability

Business administration studies is listed in the Bachelor of Business Administration at Peninsula as a major.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• understand contemporary business challenges in a wide variety of business contexts and will be able to create innovative solutions for business decision making.

Data analytics professionals use data to guide businesses and organisations to make informed decisions. In this major, students develop the skills and knowledge to extract information effectively from data, and to interpret the results. Students will learn a combination of mathematical, statistical and computing skills, to be able to tackle a broad range of data analytics problems that arise in business contexts. Data analytics professionals are needed in many organisations to help analyse the drivers of change and the impact of decisions, and to predict what is most likely to occur in the future.

Availability

Business analytics is offered in the Bachelor of Business and Commerce in Malaysia as a major and a minor, and in the Bachelor of Commerce at Clayton as a major and minor.

Double degree students may not be able to change majors following completion of ETC1010 Data modelling and computing due to course rules regarding maximum level 1 units. It is recommended students discuss their options with relevant Student Services staff.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• use their comprehensive understanding of statistical models and machine learning algorithms to inform business decisions made in a variety of settings; to implement such analyses in practice, and provide appropriate interpretation of the results; to adapt models and algorithms to new problems when required.

The importance of law cannot be underestimated. Law is the backbone of business, in fact almost every business decision will have a legal consequence. Law regulates employee-employer relations, financial transactions, consumer products and services, and marketing processes. This major focuses on the core rules that govern these transactions both within Australia and the broader international environment.

There are specific units required for professional recognition by the Tax Practitioners Board. Refer to the Monash Business School professional recognitionprofessional recognition (http://www.monash.edu/business/future-students/undergraduate-study-options/after-you-graduate/professional-recognition) page for more information.

Availability

Business law is listed in the Bachelor of Business at Caulfield as a major or minor and in the Bachelor of Commerce at Clayton as a minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• identify and correctly apply relevant common law principles and legislation to relevant problems or scenarios, and to analyse, synthesise and conceptualise regulatory and legal information to support business decision making.

The law is the backbone of business. It regulates financial transactions, taxation and marketing processes, and in doing so applies the law of contract, tax and tort. It regulates those engaged in companies and partnerships and their banking and tax needs. It regulates new economic frontiers, such as e-commerce, via the development of cyber laws.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• identify and correctly apply relevant common law principles and legislation to relevant problems, scenarios or taxation matters, and to analyse, synthesise and conceptualise regulatory and legal information to support business decision making.

Availability

Business law and taxation is listed in the Bachelor of Business and Commerce at Malaysia as a major and minor.

This program provides doctoral (PhD) students with the opportunity to focus on developing knowledge and expertise in their chosen discipline, as well as developing professional skills that will support their career ambitions.

Each student's research will be supported by the development of a range of skills that will help them to become more efficient researchers, ultimately improving the quality of the research and developing generic/transferable skills of value to prospective employers.

This program is also applicable to students studying externally.

Business management emphasises the practical application of management knowledge and concepts within organisations. The major will develop your management decision-making capacity to improve organisational performance. Business management particularly enhances your knowledge of, and skills for, managing communication, organisational change, and business strategy. The business management major prepares you for managerial roles within organisations in the private, public and not-for-profit sectors.

Availability

Business management is listed in the Bachelor of Business at Caulfield as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• understand the importance, nature and consequences of business management decision-making in organisations.

Business statistics involves the extraction of information from data. It comprises a set of tools for analysing data using economic theories or computer-based statistical models. Statistical and econometric analysis provides informed support for business and economic decision-making.

Availability

Business statistics is listed in the Bachelor of Business at Caulfield as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• use forecasting techniques in a business environment.

The business environment is a global, complex and, sometimes, uncertain one. A good leader is a person who understands this changing environment, incorporates emerging leadership treads and adopts transferrable management skills to harness the changes and get the best out of their people. To manage and lead in business today, you need a holistic understanding of contemporary issues and contexts. This specialisation focuses on leadership, innovation and communication in a cross-cultural, multifaceted environment. You will gain an understanding of managing diversity and inclusion, and you will learn how to shape your management and negotiation skills for today's global workplace.

Diplomacy and trade provides formal academic study across a range of disciplines relevant to the needs of organisations operating in the global environment. It provides high-level training in the fields of diplomacy, economics, law and contemporary politics. The s specialisation is aimed at recent graduates who hope to work in the public and private sectors, and those who presently work in these sectors, and wish to increase their understanding of the international environment. It is designed for graduates to work in the government sector, implementing and providing policy advice on foreign affairs, trade, and business-related issues. In the private domain, the course is designed for individuals who are operating, or looking to work, in an international capacity in both the corporate or not-for-profit sector.

In order to make the best possible decisions under uncertain conditions, business and government policy makers need to quantify the consequences of all possible options available to them. Econometricians use empirical evidence to predict the set of possible outcomes and determine the risks involved in each possible course of action, to help policy makers in this decision making process. They also use data to evaluate the effectiveness of existing social and economic policies. This major includes not only the techniques for analysing and interpreting data, but also their scientific foundations. You will acquire the ability to modify existing techniques to suit new situations, and develop new methods when needed. Consequently, you need to have an interest in and an aptitude for mathematics to undertake this major. Econometricians are highly valued members of decision-making teams in commercial and public sectors.

Availability

Econometrics is listed in the Bachelor of Commerce at Clayton as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• use their comprehensive understanding of econometric models and methodologies to inform economic decisions made in a variety of settings, and to implement such analyses in practice, and to construct new conceptual frameworks when required.

Careers in the business world that use quantitative skills include the financial sector (stockbrokers) the insurance industry, finance companies, banks (e.g. developing models for investment opportunities), the manufacturing sector (e.g. providing quality control), and market research. Opportunities in the public sector include economic modelling, policy evaluation and research into industry development.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• apply appropriate mathematical and statistical techniques to the analysis of social, financial, business and economic data, subsequently drawing out insightful inferences for the purposes of knowledge advancement and/or policy making.

Availability

Econometrics and business statistics is listed in the Bachelor of Business and Commerce at Malaysia as a major and minor.

This program provides doctoral (PhD) students with the opportunity to focus on developing knowledge and expertise in their chosen discipline, as well as developing professional skills that will support their career ambitions.

Each student's research will be supported by the development of a range of skills that will help them to become more efficient researchers, ultimately improving the quality of the research and developing generic/transferable skills of value to prospective employers.

This program is also applicable to students studying externally.

Economics 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. Microeconomics examines the behaviour of buyers and sellers in the economy, while macroeconomics analyses the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy.

Availability

Economics is listed in the Bachelor of Commerce at Clayton as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will:

• have an in-depth knowledge of economic theories, analytical tools, and modelling techniques to a range of contexts.

Economics 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. Microeconomics examines the behaviour of buyers and sellers in the economy, while macroeconomics analyses the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy.

Availability

Economics is offered in the Bachelor of Business Science at Monash South Africa as a major.

Outcomes

In addition to achieving the broad outcomes of their course broadly, students successfully completing this major will be able to:

• have an in-depth knowledge of economic theories, analytical tools, and modelling techniques to a range of contexts.

This program provides doctoral (PhD) students with the opportunity to focus on developing knowledge and expertise in their chosen discipline, as well as developing professional skills that will support their career ambitions.

Each student's research will be supported by the development of a range of skills that will help them to become more efficient researchers, ultimately improving the quality of the research and developing generic/transferable skills of value to prospective employers.

This program is also applicable to students studying externally.

The relationship between business and economics is a complex one but understanding the relationship between the two is an important aspect of business today. Minoring in Economics and business decisions gives you a practical understanding of the way that economics impacts and influences business decisions. You'll be introduced to macroeconomic and economic frameworks, which will help you apply economic concepts in a business setting. You'll also learn about the effects of macroeconomics on policy, as well as the connection between economics, international trade, money and banking. This minor will prepare you for the current global marketplace and will provide you with managerial skills that can be transferred across a range of industries.

Availability

Economics and business decisions is listed in the Bachelor of Business Administration at Peninsula as a minor.

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 behaviour of the economy as a whole, such as economic growth, inflation and unemployment. Understanding these drivers allows managers to set business and government strategy.

Availability

Economics and business strategy is listed in the Bachelor of Business at Caulfield as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• demonstrate an understanding of core economic theories; and be able to apply economic analysis and the economic way of thinking to assist decisions in specific business strategy contexts.

This specialisation will not be available in 2019.

Entrepreneurship is an important engine of growth in the economy, and is in general the pursuit of opportunity beyond the resources controlled by any one person. Entrepreneurship is associated with uncertainty, particularly when it involves creating something new for which there is no existing market. An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, by building an organisation to support those sales. Entrepreneurship in this specialisation is the study and application of how new businesses are created as well as the actual process of starting a new business.

Finance seeks to achieve the efficient and effective allocation of money manifested in terms of assets, equity and liabilities; it provides the institutions and instruments for the optimal flow of money between individuals, businesses, government and other organisations in the context of risk and return.

The major in finance will provide you with skills to work in mainstream functional finance roles with the rigour of a quantitative focus. Undertaking this degree will prepare you for careers in the corporate sector in roles such as group finance director, treasurer, securities dealer, commodities trader, derivatives trader, investment banker, finance analyst, investment analyst, stockbroker, chief financial officer, mergers and acquisitions specialist, risk manager or consultant.

Availability

Finance is listed in the Bachelor of Commerce at Clayton as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will:

• be able to critically evaluate, analyse and interpret financial data and demonstrate the use of fundamental financial models and empirical techniques
• formulate and present investment and financing decisions and justifications thereof
• comply with the Australian Business Dean's Council endorsed Finance Learning Standards of knowledge, application, judgement, communication and teamwork, and reflection.

Finance and economics encompasses the complex and dynamic industry of money, banking, credit and investments.

This major gives you the high-level skills required to manage, organise and invest money. You will learn how to develop financial policies and products, and gain knowledge that will enable you to solve complex financial problems using mathematical models and techniques. Your studies will include asset and risk management, capital markets, stock portfolio, international finance, and forecasting and budgeting.

Finance and economics will provide you with the skills to manage money and work in financial or business management, and gain a strong understanding of their implications for businesses.

Availability

Finance and economics is listed in the Bachelor of Business Administration at Peninsula as a major.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• integrate and synthesise knowledge from across economics and finance disciplines to create innovative solutions for business decision making.

Human resource management is the study of managing people within a global context. The major critically examines and applies human resource management strategies and practices that enable people to fulfil their individual needs in the work environment as well as achieve the organisation's strategic objectives. Human resource management particularly enhances your capacity for managing and interpreting employment law, human resource strategy, employee relations and conflict, workforce planning, and ethics and governance. The major will equip you for careers as human resource professionals, including staff and consulting roles in employment relations, training and development, and recruitment and selection.

Availability

Human resource management is listed in the Bachelor of Business at Caulfield as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• integrate, update and critically apply evidence-based human resource management concepts, strategies and practices.

International business is an inter-disciplinary study of international firms, their strategy, corporate policies and operations. The major includes the study of issues affecting the contemporary international business environment. International business develops your knowledge of, and skills, for the international economic, financial, political, legal, managerial and strategic environment of business. The international business major will prepare you for professional and managerial roles within a range of international businesses.

Availability

International business is listed in the Bachelor of Business at Caulfield as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• use international business knowledge to enhance opportunities and to resolve challenges confronting international organisations.

Operating with an international perspective is a vital skill and outlook across all facets of business. This specialisation investigates inter-disciplinary contemporary international business. You will be engaged with international management, law, finance, economics, marketing and strategy. You will also gain analytical and communication skills that can be applied in a variety of organisational settings, and you will understand how all aspects of business interrelate and coalesce in a global environment. International business develops your strategic and operational knowledge and skills, particularly for the complexity of contemporary international environments. Specialising in international business will prepare you for global business roles across the corporate, governmental and non-profit sectors.

International business management is the study of international firms; their strategy, corporate policies and operations. It includes the study of the international business environment in so far as the environment affects firms. Consequently, modes of entry, coordinating structures and firm internationalisation are studied along with the economic, political, legal and cultural environment of international business. Almost all firms compete in international markets or compete against international competitors. Accordingly, this specialisation prepares graduates for leadership roles in contemporary businesses.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• use international business management knowledge to enhance opportunities and to resolve challenges confronting international organisations.

Availability

International business management is listed in the Bachelor of Business and Commerce at Malaysian as a major and minor.

Management is the process by which organisational goals are attained through integrating human activity. It is largely about people and human endeavour. The major develops and critically examines management and strategic practices within organisations to generate solutions. The management major will prepare students for a career in the public, private and not-for-profit sectors.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will:

• have a well-developed understanding of the importance, nature and consequences of management decision-making in organisations.

Availability

Management is listed in the Bachelor of Business and Commerce at Malaysia as a major and minor.

Management emphasises the development of conceptual frameworks and their application to complex management issues in a broad range of organisations, professions, and institutional contexts. Management will enhance your capacity to understand and interpret the assumptions behind and practical implications of different schools of thought in management theory, organisational behaviour, and strategic management. A management major will prepare you for professional and managerial roles within a range of occupations and industries.

Availability

Management is offered in the Bachelor of Business Science at Monash South Africa as a major.

Outcomes

In addition to achieving the broad outcomes of their course broadly, students successfully completing this major will be able to:

• construct conceptual management frameworks and use these to analyse and influence the resolution of complex issues in business, government and the professions.

This program provides doctoral (PhD) students with the opportunity to focus on developing knowledge and expertise in their chosen discipline, as well as developing professional skills that will support their career ambitions.

Each student's research will be supported by the development of a range of skills that will help them to become more efficient researchers, ultimately improving the quality of the research and developing generic/transferable skills of value to prospective employers.

This program is also applicable to students studying externally.

A strong management strategy is what distinguishes a great business from its competition. This major focuses on business communication and organisation behaviour, and you will learn to critically evaluate business challenges and put complex management theory into practice. Your studies will include human resource management, professional development, inclusive management and project management. Management practice will provide you with the ability to implement innovation business strategy - an important skill for future business leaders across all industries and organisations.

Availability

Management practice is listed in the Bachelor of Business Administration at Peninsula as a major and minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• critically evaluate and apply theoretical knowledge to produce informed and innovative solutions for business decision making for a wide variety of business challenges.

Management studies emphasises the development of conceptual frameworks and their application to complex management issues in a broad range of organisations, professions, and institutional contexts. Management studies will enhance your capacity to understand and interpret the assumptions behind and practical implications of different schools of thought in management theory, organisational behaviour, and strategic management. A management studies major will prepare you for professional and managerial roles within a range of occupations and industries.

Availability

Management studies is listed in the Bachelor of Commerce at Clayton as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• construct conceptual management frameworks and use these to analyse and influence the resolution of complex issues in business, government and the professions.

Marketing is the process of creating, communicating, delivering and exchanging offerings that have value for customers. The major in marketing will provide you with valuable insight and background into the principal activities of marketing for use in any part of an organisation. By focusing on a particular area of marketing you will equip yourself with the skills and knowledge that will allow you to find your niche within the broadest possible spectrum of roles.

Availability

Marketing is listed in the Bachelor of Business at Caulfield as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• demonstrate knowledge and skills that contribute to marketing decisions and be capable of responding to marketing challenges.

Marketing is a fun, dynamic, complex activity (and discipline) that focuses on providing value to both organisations and consumers. Very simply, marketing is about matching what an organisation has (or can do) with someone who wants it. Marketing is about selling, it is about advertising, but it also so much more. The study and practice of the 'so much more' is what makes marketing so interesting!

In today's dynamic and global business environment, marketing permeates all areas of operations and forms an integral element of business growth and achievement. Highly qualified, innovative and international marketing practitioners, supported by well researched and pertinent marketing knowledge, are increasingly in demand.

Marketing is the process of creating, communicating, delivering and exchanging offerings that have value for customers. The major in marketing will provide you with valuable insight and background into the principal activities of marketing for use in any part of an organisation. By focusing on a particular area of marketing you will equip yourself with the skills and knowledge that will allow you to find your niche within the broadest possible spectrum of roles.

Availability

Marketing is offered in the Bachelor of Business Science at Monash South Africa as a major.

Outcomes

In addition to achieving the broad outcomes of their course broadly, students successfully completing this major will be able to:

• demonstrate knowledge and skills that contribute to marketing decisions and be capable of responding to marketing challengesert outcomes.

This program provides doctoral (PhD) students with the opportunity to focus on developing knowledge and expertise in their chosen discipline, as well as developing professional skills that will support their career ambitions.

Each student's research will be supported by the development of a range of skills that will help them to become more efficient researchers, ultimately improving the quality of the research and developing generic/transferable skills of value to prospective employers.

This program is offered by the Department of Marketing, and the School of Business (Malaysia), and is also applicable to students studying externally.

Marketing is about more than just sales or advertising - it's actually a dynamic, complex activity that requires excellent communications skills and focuses on providing value to both organisations and consumers. This major prepares you for the increasingly dynamic business environment, and ensures that you have the knowledge and skills to thrive in an ever-changing industry. You'll learn to draw upon marketing theory to create top-level marketing strategies and contribute to contemporary marketing challenges. Majoring in marketing and communications provides you with valuable marketing insights and key communication skills that can be used in any part of any organisation, and will equip you with skills for the broadest possible spectrum of roles.

Availability

Marketing and communications is listed in the Bachelor of Business Administration at Peninsula as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• have the requisite knowledge and ability to use marketing concepts, tools, and techniques to address marketing-related issues across a range of organisational contexts.

By studying marketing you will not only grasp deep marketing theory, but also have the capacity to analyse and solve business challenges that require marketing input. You will also be able to formulate marketing outcomes to achieve broad organisational objectives. By understanding marketing's contribution to the firm you will be able to perform a variety of roles in any industry.

Availability

Marketing science is listed in the Bachelor of Commerce at Clayton as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• analytically demonstrate the contribution of marketing to the formulation and implementation of effective business strategies.

Strong leadership and a positive business culture starts with a high standard of governance. An organisation's overarching objectives and strategy should take into consideration their environmental and social impact, and should carefully consider human rights and responsible business ethics. This specialisation focuses on the relationship between increasing globalisation and how responsible governance is applied in the evolving business environment. You will gain an understanding of best practice in domestic, regional and international trade, as well as corporate governance. You will also focus understanding business ethics, sustainability and human rights, and how they shift and evolve on a global scale.

Risk is defined by AS/NZS ISO 31000: 2009 as 'the effect of uncertainty on objectives'. The management of risk is an evolving discipline that builds on current knowledge in a diverse range of activities. The risk management specialisation focuses on operational and financial risk in today's commercial world. It provides extended skills in the strategic and process applications of risk management and prepares for the increasingly complex risk management issues faced in many areas of business and government. It prepares graduates for roles that are required to address business, insurance and financial risk. The range of units undertaken will greatly assist those seeking employment in managerial positions where risk management is an expanding field of practice.

This program provides doctoral (PhD) students with the opportunity to focus on developing knowledge and expertise in their chosen discipline, as well as developing professional skills that will support their career ambitions.

Each student's research will be supported by the development of a range of skills that will help them to become more efficient researchers, ultimately improving the quality of the research and developing generic/transferable skills of value to prospective employers.

This program is offered by the Centre for Health Economics, and the School of Business (Malaysia), and is also applicable to students studying externally.

Marketing is a philosophy that leads to the process by which organisations, groups and individuals satisfy their needs and wants by determining and selecting value, delivering it, and communicating it to others. Strategic marketing is concerned with the direction and scope of the long-term activities performed by the organisation in obtaining competitive advantage to satisfy customers while meeting shareholder expectations.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will:

• have the knowledge and skills to contribute to marketing decisions and be capable of responding to marketing challenges.

Availability

Strategic marketing is listed in the Bachelor of Business and Commerce at Malaysia as a major and minor.

Supply chain management involves the coordination of people, organisations, technologies and processes to ensure optimal supply of products and services. This specialisation develops students' capacity to design and optimise supply chains, and to manage them to achieve strategic business outcomes. Supply chain management enhances students' skills and knowledge in innovation and improvement, business optimisation, services and operations management, and sustainable operations management. The specialisation prepares students for careers in supply chain management roles in the private, public and not-for-profit sectors.

As a graduate with a major in sustainability you will be well equipped to consider the interaction between our society, the economy and our environment, and how responsible management can sustain all three into the future.

Availability

Sustainability is listed in the Bachelor of Commerce at Clayton as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• deal with complex economic and environmental sustainability issues being addressed by corporations, government and the media.

Taxation is generally considered a fundamental aspect of every consumer or business transaction. It is the main source of funding for government expenditure. This major encompasses an in-depth understanding of the core Australian taxation laws, with a particular focus on its application on business transactions and business structures that affect individuals, business and investors.

Some specific or additional units may be required for professional recognition by the Tax Practitioners Board. Refer to the Monash Business School professional recognitionprofessional recognition (http://www.monash.edu/business/future-students/undergraduate-study-options/after-you-graduate/professional-recognition) page for more information.

Availability

Taxation is listed in the Bachelor of Business at Caulfield as a major or minor.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

• appreciate the legal and commercial impacts of taxation and related fields on business decisions with a particular focus on Australia's federal system using case law and statute.