Caution
Copyright © Monash University 1996
ISBN 1320-6222
Authorised by Academic Registrar, April 1996
The following should be read in conjunction with the statement on the Bachelor of Economics.
The combined degrees of Bachelor of Arts and Bachelor of Economics require a minimum of four years full-time study, or five years for the degree with honours, or the equivalent in part-time study. To qualify for the award of both degrees, candidates must complete compulsory subjects in economics at first and second year level and in statistics at first year, and a three year specialisation in one of the areas of economics, econometrics or economic history 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 eighty-four points must come from subjects offered by the Faculty of Business and Economics (Clayton) and eighty points from the Faculty of Arts, the remaining twenty-four points can come from another faculty, from Arts or from Business and Economics (Clayton). The course structure is shown in chart 7 of the section `Charts of degree structures'.
Students enrolled for the combined course will normally qualify for the Bachelor of Economics degree at the end of three years, and the Bachelor of Laws at the end of the fifth year. To do so, students must complete the requirements of the Bachelor of Economics degree, including in it a major sequence in law comprising LAW1100 (Legal process), LAW2100 (Contract), LAW2200 (Torts) and one third-year law subject, usually LAW3400 (Property). 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. It should be noted that for the purposes of the economics degree, each law subject previously mentioned is equivalent to two subjects from the Faculty of Business and Economics (Clayton), that is, twelve points. The course structure is shown in chart 8 in section `Charts of degree structures'.
Students should note that it is possible to take a small number of subjects from a faculty other than Business and Economics or Law.
A fourth-year honours specialisation is available to selected students who have completed one of the Bachelor of Accounting, Bachelor of Commerce or Bachelor of Economics courses at Monash University. Selected students who complete a combined degree with one of the Bachelor of Commerce or Bachelor of Economics also may proceed to the honours degree.
Students will be expected to have obtained at least credits in the third-year subjects taught by the Department of Accounting and Finance.
Students wishing to undertake fourth-year honours in the Department of Accounting and Finance must enrol for AAF4020 (Accounting and finance honours). Such students must apply to, and have their enrolment approved by, the head of the Department of Accounting and Finance or the head's nominee.
The course comprises six subjects and a policy seminar. Two subjects may be special subjects which are based on the third-year subjects taught by the faculty supplemented by additional reading and research.
1 Three fourth-year level subjects selected from:
+ AAF4100 Research methods in accounting and finance
+ AAF4120 Financial accounting theory
+ AAF4130 Management accounting
+ AAF4140 Corporate financial theory
+ AAF4150 Advanced taxation
+ AAF4160 EDP issues in auditing
+ AAF4170 Analysis of financial statements
+ AAF4180 Securities regulation
In special circumstances, the head of the department may approve as one of the three core subjects a special subject.
2 Three subjects selected from:
+ the above subjects
+ or from any of the fourth-year level subjects taught by the Departments of Economics or Econometrics (Clayton).
It is strongly recommended that students with only an elementary background in statistics should include AAF4100 if they intend to do AAF4130, AAF4140 or AAF4170.
In special circumstances a student may be given permission to include up to two subjects from another faculty, where they are complementary to the honours program offered by the Department of Accounting and Finance. Such a student would need to have the appropriate prerequisites and the head of the Department of Accounting and Finance would need to be satisfied that the subject contributed to a coherent program of study.
3 Compulsory seminar:
+ ECO4860 Policy seminar (for students enrolled in the Bachelor of Economics honours program)
or
+ AAF4190 Accounting and finance policy seminar (for students enrolled in the Bachelor of Accounting or Bachelor of Commerce honours programs).
Students wishing to undertake fourth-year honours jointly in the Departments of Accounting and Finance and Econometrics must enrol for AAF4040 (Accounting/Econometrics honours). Such students must apply to, and have their enrolment approved by, both heads.
The course comprises six subjects and a policy seminar. Three subjects must be taken from each area of study except with the permission of the two heads.
1 Three subjects selected from:
+ AAF4120 Financial accounting theory
+ AAF4130 Management accounting
+ AAF4140 Corporate financial theory
+ AAF4150 Advanced taxation
+ AAF4160 EDP issues in auditing
+ AAF4170 Analysis of financial statements
+ AAF4180 Securities regulation
Only one special subject may be counted as one of the three core subjects.
2 Three subjects selected from:
+ ECM4400 Econometric theory
+ ECM4410 Applied econometrics
+ ECM4420 Microeconometrics
+ ECM4430 Quantitative economic policy
+ ECO4850 Mathematical economic theory
Only one special subject may be counted as one of the three core subjects.
3 Compulsory seminar:
+ ECO4860 Policy seminar (for students enrolled in the Bachelor of Economics honours program)
or
+ AAF4190 Accounting and finance policy seminar
or
+ ECM4490 Econometrics policy seminar.
Students enrolled in the Bachelor of Commerce honours program may choose to attend either AAF4190 or ECM4490.
Students wishing to undertake fourth-year honours in the Department of Econometrics must enrol for ECM4020 (Econometrics honours). Such students must apply to, and have their enrolment approved by, the head of the Department of Econometrics.
The course comprises six subjects and a policy seminar.
1 Three subjects from the following list, including at least one of ECM4400 or ECM4410
+ ECM4400 Econometric theory
+ ECM4410 Applied econometrics
+ ECM4420 Microeconometrics
+ ECM4430 Quantitative economic policy
+ ECM4480 Optimisation for management
+ ECO4850 Mathematical economic theory
+ ECM3430 Applied econometric modelling
+ ECM3450 Time series analysis for business and economics
+ ECM3460 Financial econometrics
+ ECM3480 Decision analysis for managers
Only one special subject may be counted as one of the three core subjects. Special subjects are based on the third-year subjects, supplemented by additional supervised work. Such special subjects may be included only if the subject has not been taken in third year.
2 Three subjects selected from the preceding subjects or from third- or fourth-year subjects offered by the departments of Accounting and Finance, Econometrics, Economics and Mathematics.
Up to two subjects may be special subjects. In some circumstances a student may be given permission to include as a subject a fourth-year subject from a department outside the faculty. Such a student would need to have the appropriate prerequisites and the head of the Department of Econometrics would need to be satisfied that the subjects formed a coherent part of the proposed subject of study.
3 Compulsory seminar:
+ ECO4860 Policy seminar (for students enrolled in the Bachelor of Economics or Commerce honours programs)
or
+ ECM4490 Econometrics policy seminar (Any Bachelor of Commerce honours student who considers that attendance at the econometrics honours research seminar would be more appropriate should apply to the head of the Department of Econometrics for permission to do so.)
The course comprises six subjects plus the policy seminar as follows:
1 Two core subjects:
+ ECO4650 Microeconomic theory and
+ ECO4660 Macroeconomic theory
2 Four subjects selected from:
+ ECM4430 Quantitative economic policy
+ ECO4690 International economics and development
+ ECO4700 Restrictive trade practices
+ ECO4710 Post-Keynesian economics
+ ECO4720 Law and economics
+ ECO4740 Agricultural economic development
+ ECO4780 Applied urban analysis
+ ECO4800 History of economic doctrine
+ ECO4810 Aspects of tax policy
+ ECO4820 Contemporary economic systems
+ ECO4840 Industrial organisation
+ ECO4850 Mathematical economic theory
+ ECO4870 Health economics
+ one special subject based on a third-year subject not already taken in third year;
+ subjects drawn from the Master of Economics program provided the appropriate prerequisites are satisfied and with permission of the head of department;
+ not more than two fourth-year subjects in economic history or taught by the departments of Accounting and Finance and Econometrics, not listed above;
+ in special circumstances, a fourth-year subject from other departments (eg history, law, mathematics or politics), provided that the appropriate prerequisites are met and the head of the Department of Economics is satisfied that the subject forms a coherent part of the proposed course of study.
3 Policy seminar:
+ ECO4860 Policy seminar
1 Core subject:
+ ECO4530 Economic history
2 Five subjects selected from:
+ ECO4510 Economic history of contemporary Europe
+ ECO4520 Research essay (double subject)
+ ECO4540 History of economy and environment
+ ECO4550 Population and development
+ HSY4050 Melbourne since world war II
+ MBA6550 Strategy and structure
+ one special subject based on the third-year subjects taught by the faculty, supplemented by additional reading and research;
+ in special circumstances, a fourth-year subject from (eg history, law, mathematics or politics), provided that the appropriate prerequisites are met and the coordinator of economic history is satisfied that the subject forms a coherent part of the proposed course of study.
3 Policy seminar:
+ ECO4860 Policy seminar
The course comprises six subjects and the policy seminar:
1 Two core subjects:
+ ECO4650 Microeconomic theory or ECO4660 Macroeconomic theory
+ ECM4400 Econometric theory or ECM4410 Applied econometrics
2 Two subjects selected from the following:
+ ECM4420 Microeconometrics
+ ECM4430 Quantitative economic policy
+ ECO4690 International economics and development
+ ECO4700 Restrictive trade practices
+ ECO4710 Post-Keynesian economics
+ ECO4720 Law and economics
+ ECO4740 Agricultural economic development
+ ECO4780 Applied urban analysis
+ ECO4800 History of economic doctrine
+ ECO4810 Aspects of tax policy
+ ECO4820 Contemporary economic systems
+ ECO4850 Mathematical economic theory
+ ECO4870 Health economics
3 Two subjects:
+ one or both may be selected from the preceding list, with the approval of the heads of the departments of Econometrics and Economics;
+ one or both may be special subjects based on the third-year subjects taught by the Department of Econometrics and/or the Department of Economics, supplemented by additional supervised work and provided that the subject has not been taken in third year;
+ one or both may be drawn from the Master of Economics program provided that the appropriate prerequisites have been satisfied;
+ one may be selected from subjects taught by the Department of Accounting and Finance or, in special circumstances, from another department (eg Business Systems, Mathematics or Politics), provided that the appropriate prerequisites are met and the heads of the departments are satisfied that the subject forms a coherent part of the proposed course of study.
4 Policy seminar:
+ ECO4860 Policy seminar
The honours year comprises both coursework and a thesis project. Assigned work in the subjects lead directly into the thesis. Upon completion of the subjects students should have completed a research proposal, established a theoretical framework, completed a literature review, and identified and tested appropriate data analytic techniques. Teaching methods will vary according to the specific aims of the course components. Subjects aimed at developing research methodology skills will contain a combination of lectures designed to develop an understanding of critical issues in research methodology, and workshops designed to train students in research skills and techniques. Analytic/theoretical subjects will be based upon weekly seminars organised around classical and contemporary contributions to theory in the field, and will focus on the relationship between conceptual/theoretical frameworks and research practice. The thesis component will comprise individual supervision. The course is designed to optimise the pedagogical value of a research project. The basic logic of the course revolves around course work that prepares students to undertake an appropriate research project, and a thesis in which students apply and extend those skills to address a substantive research problem.
Assessment will include written assignments, examinations, class presentations and a thesis. Details are available from the Department of Business Management.