MONASH UNIVERSITY FACULTY HANDBOOKS

Business & Economics Handbook 1996

Published by Monash University
Clayton, Victoria 3168, Australia

Caution Copyright © Monash University 1996
ISBN 1320-6222

Authorised by Academic Registrar, April 1996


OUTLINE OF UNDERGRADUATE STUDIES -ClaytonPart 3

CONTENTS

  1. Bachelor of Arts/Bachelor of Commerce - BA/BCom
  2. Bachelor of Commerce/Bachelor of Business Systems - BCom/BBusSys
  3. Bachelor of Commerce/Bachelor of Economics - BCom/BEc
  4. Bachelor of Commerce/Bachelor of Engineering - BCom/BE
  5. Bachelor of Commerce/Bachelor of Laws - BCom/LLB
  6. Bachelor of Music /Bachelor of Commerce - BMus/BCom
  7. Bachelor of Economics - BEc
  8. Progression to Bachelor of Economics (Honours)

Bachelor of Arts/Bachelor of Commerce - BA/BCom

Course code: 0542

The following should be read in conjunction with the statement on the Bachelor of Commerce.

The combined degrees of Bachelor of Arts and Bachelor of Commerce require a minimum of four years full-time study, or five years for a degree with honours, or the equivalent in part-time study. Entry to this combination is based on the entry requirements for the Bachelor of Commerce degree. To qualify for the award of both degrees, candidates must meet the requirements of the commerce degree, together with one major sequence and one minor sequence from subjects offered in the Bachelor of Arts degree. Students must therefore complete subjects to the value of a minimum of 188 credit points over the length of the course, of which 108 points should come from subjects offered by the Faculty of Business and Economics (Clayton). The course structure is shown in chart 7 in the section `Charts of degree structures'.

Whilst there is a degree of flexibility in the course structure, students must normally complete the compulsory first-year commerce subjects ECM1020 and ECM1031/2 (Business and economic statistics), AAF1021/2 and AAF1031/2 (Accounting), and ECO1000 and ECO1010 (Economics) in the first year of the course. These could be combined with the first-year subject sequence from arts to complete the first-year program. The exception to this arrangement, however, is for those students wishing to undertake a management studies specialisation in their degree. In this case, students may delay the completion of one of the first-year compulsory subject sequences to a later year, in order to complete the subjects MGC1020 and MGC1030 in first year. Management studies would then become the category A specialisation for such students and the remaining first-year compulsory subjects would be counted as supporting subjects (category B) in second year.

Students wishing to complete an accounting specialisation, and who wish to become eligible for membership of the professional accounting bodies in Australia, must complete the following subjects: AAF1021/2, AAF1031/2, AAF2110, AAF2120, AAF2130, AAF2140, AAF3110, AAF3120, AAF3130 or AAF3140, AAF3150 and AAF3160.In order to fit these subjects into the structure of the combined degree, students must substitute one additional third-year category A subject in accounting for a third-year category B subject.

Before enrolling for the combined degree, students should collect from the faculty office of either faculty an information sheet setting out a number of course structure options available for the combined degree.


Bachelor of Commerce/Bachelor of Business Systems - BCom/BBusSys

Course code: 1320

The following should be read in conjunction with the statement on the Bachelor of Commerce.

The combined degrees of Bachelor of Commerce and Bachelor of Business Systems require a minimum of four years full-time study, or five years for a degree with honours, or the equivalent in part-time study. Entry to this combination is based on the entry requirements for the Bachelor of Commerce degree. Students must complete subjects to the value of a minimum of 192 credit points over the length of the course, of which ninety-six to 108 points should come from subjects offered by the Faculty of Business and Economics (Clayton). The course structure is shown in chart 10 in the section `Charts of degree structures'.

Whilst there is a degree of flexibility in the course structure, students must normally complete the six compulsory first-year commerce subjects and the five compulsory first-year business systems subjects in the first two years of the course. The exception to this arrangement, however, is for those students wishing to undertake a management studies specialisation in their degree. In this case, students may delay the completion of one of the first-year compulsory commerce subject sequences to a later year, in order to complete the subjects MGC1020 and MGC1030 in first year. Management studies would then become the category A specialisation for such students and the remaining first-year compulsory subjects would be counted as supporting subjects (category B) in a later year.

Professional accreditation

This degree is recognised by both the Australian Society of Certified Practising Accountants and the Institute of Chartered Accountants in Australia as meeting academic requirements for membership. This is also true for senior associate membership of the Australian Institute of Bankers and for membership of the Australian Computer Society. For all professional bodies membership is dependent upon the correct choice of subjects by students.


Bachelor of Commerce/Bachelor of Economics - BCom/BEc

Course code: 1319

The following should be read in conjunction with the statements on the Bachelor of Commerce and the Bachelor of Economics.

The combined degrees of Bachelor of Commerce and Bachelor of Economics require a minimum of four years full-time study, or five years for a degree with honours, or the equivalent in part-time study. Entry to this combination is based on the entry requirements for the Bachelor of Commerce degree. Students must complete subjects to the value of a minimum of 192 credit points over the length of the course, of which 108 to 192 points should come from subjects offered by the Faculty of Business and Economics (Clayton). The course structure is shown in chart 9 in the section `Charts of degree structures'.

This degree is one of the most flexible in the university. It allows from eight to twelve first-year subjects of which AAF1021/2 and AAF1031/2 (Accounting), ECM1020 and ECM1031/2 (Business and economic statistics), ECO1000 and ECO1010 (Economics), and MGC1020 and MGC1030 (Introduction to management) are compulsory. Students must complete a specialisation in economics or business statistics/econometrics. A second specialisation must be undertaken in accounting and finance, business management, the discipline not taken as the first major (economics or econometrics), or any discipline from another faculty. (Whilst each subject offered by the Faculty of Business and Economics (Clayton) has a points value of six, the points value of subjects taken from other faculties may vary, and where this occurs, students must complete the minimum number of points rather than the number of subjects recommended.) If the second specialisation is not from another faculty it is possible to complete a third specialisation from another faculty. Supporting studies must also be completed from one of the following disciplines not included as a specialisation: accounting and finance, business management, econometrics, or economics.


Bachelor of Commerce/Bachelor of Engineering - BCom/BE

Course code: 1204 (Chemical), 1205 (Civil), 1206 (Materials), or 1207 (Mechanical)

The following should be read in conjunction with the statement on the Bachelor of Commerce.

Entry to the combined degrees of Bachelor of Commerce and Bachelor of Engineering is on the basis of a good first-year performance in the Bachelor of Engineering degree. The combined course is offered with chemical, civil, materials and mechanical engineering. To gain entry, students must complete the common first year of the Bachelor Engineering degree and then apply, on an internal transfer form, for entry to the combined degree. These degrees can be completed after a minimum of five years full-time study, or the equivalent part-time study. To complete the requirements for the commerce degree students must undertake:

+ four first-year subject sequences: ECO1000, ECO1010, ECM1020, ECM1031/2, AAF1021/2, AAF1031/2, MGC1020 and MGC1030;

+ three second-year subjects from one of the disciplines of economics, quantitative studies, accounting and finance or management which will form the basis of a specialisation;

+ two additional second-year subjects from one of the disciplines of economics, quantitative studies, accounting and finance or management other than the area of specialisation;

+ three third-year subjects from the area of specialisation.

Students interested in applying for this combination in 1996 are advised to collect a course information sheet from the Engineering faculty office.


Bachelor of Commerce/Bachelor of Laws - BCom/LLB

Course code: 0546

The following should be read in conjunction with the statement on the Bachelor of Commerce.

The course structure is shown in 11 in the section `Charts of degree structures'.

Students may complete the combined degrees of Bachelor of Commerce and Bachelor of Laws after a minimum of five years full-time study, or six years for the degree with honours, or the equivalent part-time study. The Bachelor of Commerce degree can be gained after three years study if students complete the requirements of the degree and include in their program the following law subjects: LAW1100 (Legal process), LAW2100 (Contract), LAW2200 (Torts) and one third-year subject, usually LAW3400 (Property). The inclusion of these subjects, each valued at twelve credit points, will mean that students will need to complete subjects from the Faculty of Business and Economics (Clayton) to the value of ninety-six credit points, instead of the 144 normally required to obtain the commerce degree. Students would then follow for the next two years a program comprising the compulsory subjects LAW3200 (Constitutional law), LAW3300 (Criminal law and procedure), LAW3100 (Administrative law) and LAW5500 (Moot court), and optional law subjects which total 180 value units. (Students should refer to the Faculty of Law handbook for details of these subjects.)

For those wishing to undertake a management studies specialisation, one first-year compulsory commerce subject sequence must be transferred to the second year of the course in order that MGC1020 and MGC1030 can be undertaken in the first year.

Students wishing to enrol in this combined degree should, before enrolment, collect an information sheet on the possible course structure options from either faculty office.


Bachelor of Music /Bachelor of Commerce -BMus/BCom

Course code: 1185

The following should be read in conjunction with the statement on the Bachelor of Commerce.

The double degree of Bachelor of Music and Bachelor of Commerce requires a minimum of four years full-time study, or five years for degree with honours, or the equivalent in part-time study. Entry to this combined degree is based on the entry requirements for the Bachelor of Music and the Bachelor of Commerce degrees. To qualify for the award, students must complete subjects to the value of a minimum of 188 credit points over the length of the course, of which 96 points should come from subjects offered by the Faculty of Business and Economics and ninety-two points from subjects offered by the Faculty of Arts in the Bachelor of Music degree.

The course structure is shown in chart 13 in the section `Charts of degree structures'.

Students must normally complete the compulsory first-year subjects ECM1020 and ECM1031/2 (Business and Economic Statistics), AAF1021/2 and AAF1031/2 (Accounting), and ECO1000 and ECO1010 (Economics) in the first year of the course. Each subject is worth six points. These could be combined with the first-year subject sequence from music to complete the first-year program. The exception to this arrangement however is for those students wishing to undertake a management studies specialisation in their degree. In this case, students may delay the completion of one of the first-year compulsory sequences to a later year, in order to complete the subjects MGC1020 and MGC1030 in the first year. Management studies would then become the category A specialisation for such students. In subsequent years students choose a major sequence in at least one of the discipline areas of accounting and finance, economics, econometrics or management. This requires at least three subjects in the discipline at each of the second and third-year levels.

Students wishing to complete a specialisation in accounting and finance, and who wish to become eligible for membership of the professional accounting bodies in Australia, must complete the following subjects: AAF1021/2, AAF1031/2, AAF2110, AAF2120, AAF2130, AAF2140, AAF3110, AAF3120, AAF3130 or AAF3140, AAF3150 or AAF3160.

Students choose ninety-two points in music from the following (* subjects are compulsory):

+ MUS1100/1110 Exploring western music I and II (6 points)*

+ MUS1140/1150 Ensemble and choral music workshop (6 points)

+ MUS1070/1080 Orchestral performance and repertoire I and II (6 points)

+ MUS1980/1990 Solo and duo performance and literature* (6 points)

+ MUS1040 Music and popular culture in the twentieth century (6 points)

+ MUS2110/2120 Analytical and compositional techniques* (4 points each

+ MUS2070/2080 Ensemble and choral music workshop (4 points each)

+ MUS2210 Vocal music (4 points)

+ MUS2510/250 Orchestral performance and repetoire III and IV (4 points each)

+ MUS2880 Music of China, Japan and Korea (4 points)

+ MUS2980/2990 Solo and duo performance and literature I and II* (4 points each)

+ MUS3230 Choral music (8 points)

+ MUS3310 Twentieth century compositional techniques (8 points)

+ MUS3390 Music aesthetics, criticism, sociology and psychology (4 points)

+ MUS3480 Performance studies: Indonesia Gamelan (4 points)

+ MUS3580 Contemporary music (8 points)

+ MUS3660 Music composition workshop (4 points)

+ MUS3910 Music of Sub-saharan Africa (8 points)

+ MUS3970 Music pedagogy (8 points)

+ MUS3980/3990 Solo and duo performance and literature* (6 points each)

Before enrolling for the double degree, students should collect from the faculty office of either faculty an information sheet setting out a number of course structure options available for the combined degree.


Bachelor of Economics - BEc

Course code: 0023

General

The Bachelor of Economics degree provides for a compulsory study of economics at first and second-year level, and a compulsory study of statistics at first year. The degree requires students to undertake a three-year specialisation in one of the areas of economics, econometrics or economic history. A second three-year major sequence may be taken in these disciplines, or in accounting and finance or business management, or a discipline from another faculty. Such disciplines include languages, mathematics, computing, business systems, the social sciences, sciences and humanities.

The course structure of the degree is shown in chart 6 in the section `Charts of degree structures'.

Course objectives

On completion of the Bachelor of Economics degree students should:

+ have acquired substantial knowledge of the economic principles, the quantitative and computing methods, and the logical processes necessary for analysing the forces that affect the behaviour of households, business enterprises, governments and the economy as a whole;

+ have developed an ability to apply their theoretical training effectively to the solution of practical problems in a wide range of decision-making environments and careers in business, the public sector, and the professions;

+ be able to communicate effectively, both orally and in writing, in their areas of expertise;

+ have a clear understanding of the workings of the Australian economy, of its institutional arrangements, and of its interactions with the world economy;

+ have had the opportunity to develop the skills, knowledge and motivation necessary for postgraduate study and research;

+ have developed specialised skills and knowledge in one or more of the disciplines taught within the faculty (including economics, econometrics, accounting and finance, economic history and management), combined with the opportunity to acquire skills and knowledge in out-of-faculty disciplines (such as languages, computing or the sciences);

+ have a continuing commitment to and capacity for independent critical thought and further learning.

Course structure

To complete the requirements of the Bachelor of Economics degree, students must complete a total of twenty-four subjects or subjects to the value of 144 credit points, of which eight subjects should normally be taken at each of the three levels of the course. All first, second and third-year subjects offered by the faculty of Business and Economics have a credit value of six points. Full-time students are expected to progress at the rate of eight subjects or forty-eight credit points per year. The minimum completion time is three years of full-time study or eight years part-time. First-year students may not normally take a second-year subject until at least four first-year subjects have been successfully completed. It should be noted that subjects in the later years of the course have prerequisites and corequisites. In addition, students are normally expected to take subjects in a yearly sequence even if there are no prerequisite subjects specified.

First year

1 The compulsory subjects of ECO1000 (Economics), ECO1010 (Economics), ECM1020 (Business and economic statistics) and ECM1031/2 (Business and economic statistics).

2 Two first-year subjects drawn from one of the departments of Economics, Accounting and Finance, Business Management (Clayton) (but not both Accounting and Finance and Business Management) or another faculty.

3 Two further first-year subjects drawn from any one or two disciplines taught by the departments of Economics, Accounting and Finance, Business Management (Clayton) or by another faculty.

Approval for selection of subjects in first year must be obtained from the dean of the faculty or the dean's nominee. Students are cautioned in the selection of subjects from two different disciplines in point 3 above, as this may not be sufficient for progress into the second year of these disciplines, where prerequisites exist.

Second year

1 The compulsory subjects of ECO2000 (Intermediate microeconomics) and ECO2010 (Intermediate macroeconomics).

2 Two second-year subjects drawn from one of the departments of Economics, Econometrics (Clayton) or Business Management (Clayton).

3 Two second-year subjects drawn from one of the departments of Economics, Econometrics (Clayton), Accounting and Finance, Business Management (Clayton) or from another faculty.

4 Two other second-year subjects, not necessarily from the same discipline, subject to the constraint that not more than six subjects taken in second year be from economics, nor more than four subjects from econometrics. Students may choose to substitute two first-year subjects for these two second-year subjects. These subjects may be from any faculty.

Third year

1 Three third-year subjects drawn from one of the departments of Economics or Econometrics (Clayton).

2 Two third-year subjects drawn from one of the departments of Economics, Econometrics (Clayton), Accounting and Finance, Business Management (Clayton) or from another faculty.

3 Any other three third-year subjects from any discipline from any faculty; up to two second-year subjects may be substituted for up to two third-year subjects.


Progression to Bachelor of Economics (Honours)

Students whose academic performance is considered of sufficient standard may complete a fourth year in one of the specialisations of accounting and finance, economics, economic history or econometrics and be awarded the Bachelor of Economics degree with honours. It is also possible to undertake a joint fourth-year honours course in either the departments of Accounting and Finance and Econometrics (Clayton), or the departments of Economics and Econometrics (Clayton).

It should be noted that the fourth honours year is usually required to be undertaken on a full-time basis, but the head of the department may give permission for the year to be completed on a part-time basis in certain circumstances.

First and second year

The selection of subjects in first and second year is the same as for the pass degree. Students wishing to attempt an honours degree should normally have gained at least credits in the subjects taught by the department in which they intend to take honours. Students who do not obtain credits in the first year of the course but who obtain a credit average in second year may also be considered for honours candidature.

Third year

In their third year of full-time study students will be required to select a third-year honours specialisation. Students who wish to enrol in one of the honours courses should apply to the head of the department concerned at the time of re-enrolment. Some departments require students to enrol in an additional, unweighted honours subject.

+ Accounting and Finance: No special third-year honours subject. Students who are likely to proceed to fourth-year honours are invited to attend separate honours tutorials in their main third-year accounting subjects.

+ Econometrics: Students must take at least three third-year econometrics subjects plus the third-year honours subject ECM3470 (Econometrics (pre-honours)).Students should normally include ECM3400 and ECM3410. The other appropriate third-year subjects are ECM3430, ECM3450, ECM3460 and ECM3480.

+ Economic History: Students must take at least three third-year economic history subjects plus the third-year honours subject EC03580 (Economic history (honours)).

+ Economics: Students must take at least four third-year economics subjects, including ECO3855 (Topics in economics), plus the third-year honours subject ECO3850 (Economics (honours)).

Students who have not completed an honours subject in third year will be required to do additional work over the vacation period prior to entering the fourth-year honours course.

For specific information on the structure and requirements of the honours specialisations available in the departments of Accounting and Finance, Economics and Econometrics, please see the section `Honours degrees' at the end of this chapter.


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