B2031 · Monash University · UG specialist
Bachelor of Economics
Faculty of Business and Economics
- Minimum ATAR
- 85
- Full time
- 3 years
- Part time
- 6 years
- Credit points
- 144
- Campus
- Clayton
- Mode
- On campus
Overview
Economics is the science of allocating scarce resources to achieve desired ends. It has evolved into a broad discipline that helps us understand historical trends, interpret current events, and make reasoned predictions about the future. Economists study the incentives that shape the decisions individuals, businesses and governments, and the organisation and functioning of societies. Modern economic analysis draws upon insights from other social sciences and technological advances in data analysis to develop creative solutions for local and global problems.
In this program, you will choose one of four specialisations that are designed to provide deeper knowledge and expertise. Each specialisation is designed to encourage logical thought and detailed analysis of socio-economic questions that will be valuable in a range of careers.
SPECIALISATIONS AVAILABLE:
• Economics and economic policy
• Business analytics for economics
• Macroeconomics and financial markets
• Mathematical economics and econometrics
First-year units
Level 1 units every student in this course takes or chooses from.
- ECC1000Principles of microeconomicsThis unit introduces the core principles of microeconomics and how they explain decision-making by individuals, firms and governments. You will learn key tools such as supply, demand and market equilibrium, and apply them to everyday econom…
- ECC1100Principles of macroeconomicsThis unit introduces you to macroeconomics, from the leading schools of thought and the microeconomic underpinnings to policy analysis. You will develop a broad understanding of the various indicators of macroeconomic performance of a count…
- ECC1050Big ideas in economicsAs economics is a social science that studies how society and individuals manage their limited resources, almost all pressing problems that humanity faces can be analysed through the lens of economics. This dedicated unit will introduce Bac…
- MTH1020Analysis of changeThis unit develops critical thinking generally as well as a comprehensive understanding of several important areas of mathematics, equipping you with versatile techniques and skills applicable within specific disciplines, for example the na…
- MTH1030Techniques for modellingThis unit develops a comprehensive understanding of basic linear algebra and advanced calculus, equipping you with versatile techniques and skills applicable within the natural sciences, engineering, computer science, economics and many oth…
- MTH1035Techniques for modelling (Advanced)This unit develops a comprehensive understanding of basic linear algebra and advanced calculus, equipping you with versatile techniques and skills applicable within the natural sciences, engineering, computer science, economics and many oth…
- ETC1000Business and economic statisticsIn this unit, you will learn how to analyse and interpret data to support evidence-based decision-making in business and economics. You will explore methods for summarising data, including tables, charts, and measures of central tendency an…
- ECC1551Foundations of mathematical economicsMathematics is the language of economic reasoning, and fluency in that language requires more than the ability to execute procedures. In this unit you will develop mathematical understanding through a mix of conceptual and application based…
Course structure
Open a major, minor or specialisation to see its units.
Rules for completing this course
In choosing your units, you must ensure that you complete no more than ten units (60 credit points) at Level 1 and at least six units (36 credit points) at Level 3, including four units (24 credit points) at Level 3 offered by the Faculty of Business and Economics. Some majors, minors and specialisations include the same units. Where this occurs, up to 12 credit points may be shared between: - two majors; or - a major and a minor; or - a specialisation and a major or minor. Note: Units can only count toward one minor. They cannot be shared across multiple minors.
Part A. Core studies
48 cpYou must complete the following units. Note: You can complete only one of the following Level 1 mathematics units: ECC1551, MTH1020, MTH1030 or MTH1035.
- ECC1000Principles of microeconomics6 cp
- ECC1100Principles of macroeconomics6 cp
- ECC1050Big ideas in economics6 cp
- MTH1020Analysis of change6 cp
- MTH1030Techniques for modelling6 cp
- MTH1035Techniques for modelling (Advanced)6 cp
- ETC1000Business and economic statistics6 cp
- ECC2000Intermediate microeconomics6 cp
- ECC2010Intermediate macroeconomics6 cp
- ETC2410Introductory econometrics6 cp
- ECC1551Foundations of mathematical economics6 cp
Part B. Specialist studies
42 cpYou must complete one of the following specialisations
- SpecialisationBusiness analytics for economics16 units42 cp
- SpecialisationEconomics and economic policy37 units42 cp
- SpecialisationMacroeconomics and financial markets15 units42 cp
- SpecialisationMathematical economics and econometrics16 units42 cp
Part C. Capstone studies
6 cpYou must complete one unit (6 credit points) from the Faculty’s capstone portfolio of units, which includes capstone units, consulting projects, international experiences and internships (industry placements). Notes: - If you complete a 12 credit point unit in this part, you can complete a maximum of 42 credit points in Part D. This may limit the number of elective units you can use to complete a major. - If you complete a 24 credit point unit in this part, you complete a maximum of 30 credit points in Part D. This may limit the number of elective units you can use to complete a major.
Capstone unit
6 cp- BEX3500Professional development for commerce6 cp
Consulting project
6 cpInternational experience
6 cp- BEX3412Innovation and entrepreneurship in Silicon Valley6 cp
- BEX3622Issues in global business6 cp
- BEX3722Engaging with international business6 cp
- BEX3723Engaging with international business6 cp
- BEX3724Engaging with international business 6 cp
- BEX3725Engaging with international business 6 cp
- BEX3726Engaging with international business 6 cp
- BEX3727Engaging with international business 6 cp
Internship
6 cpPart D. Elective studies
48 cpYou must complete 48 credit points of elective study. Electives can be chosen from: - Units not already completed in Part B or Part C above, provided you have met the relevant prerequisites; - Units from across the University, which may be used to complete a major or minor from another course, provided you have met the relevant prerequisites and there are no enrolment restrictions. Notes: - Enrolment in Faculty of Business and Economics units at campuses other than your campus of enrolment is subject to there being spare capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations. - Electives can be identified using the advanced search in the current edition of the Handbook. Majors and minors can be identified using the Handbook advanced search. The level of the unit is indicated by the first number in the unit code; undergraduate units are those that commence with the numbers 1-3. - If you are in a double degree course, some units required for the other degree can also be credited as electives towards the Economics degree. - If you have completed at least 96 credit points and have achieved a high credit (65%) average, you can apply to the Course Coordinator for the Master’s accelerated pathway. If admitted to the accelerated pathway, you will use four of your elective studies (from Part D) to complete 24 credit points of specified units from Master of Economics (B6030) (Part B).