B2031 Bachelor of Economics

The course develops through the four themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience, and elective study.

Part A. Foundation commerce knowledge

These units will provide you with a comprehensive study of economics and econometrics disciplines and the impact they have on multi-discipline decision-making in organisations. The units consider the impact on the business, professional and public policy communities.

Part B. Specialist discipline knowledge

These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of a specialised area to provide discipline based solutions to commerce and economic policy.

Part C. Capstone experience

The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your specialisation.

Part D. Free elective study

This will enable you to further develop your knowledge of economics or commerce more broadly, or select any units from across the University in which you are eligible to enrol including to complete a major or minor from another course.

Course progression map

The course progression map provides guidance on unit enrolment for each semester of study.

You must complete units as specified in Parts A, B, C and D (144 points): including 96 points of study in Parts A, B and C, and 48 points of free electives in Part D.

In choosing their units, you must ensure that they complete no more than 10 units (60 points) at level 1 and at least six units (36 points) at level 3, including four units (24 points) at level 3 offered by the Faculty of Business and Economics.

Units are 6 points unless otherwise specified.

Part A. Foundation commerce knowledge (24 points)

You must complete:

• ECC1000 Principles of microeconomics
• ECC1100 Principles of macroeconomics
• ETC1000 Business and economic statistics / ETX1100 Business statistics
• ETC2410 Introductory econometrics

Part B. Specialist discipline knowledge and Part C. Capstone experience (72 points)

Economics and economic policy specialisation

You must complete:

a. The following three units (18 points):

• ECC2000 Intermediate microeconomics
• ECC2010 Intermediate macroeconomics 
• ECC3690 International economics*

* Capstone unit.

b. Three units (18 points) from List A below and two units (12 points) from List A or List B below:

List A:

• ECC3600 Experimental economics
• ECC3660 Monetary economics
• ECC3670 Economics of developing countries
• ECC3710 Labour economics
• ECC3810 Public finance
• ECC3830 Industrial organisation and regulation
• ECC3840 Mathematical economics
• ECC3841 Network economics
• ECC3890 Internet business and digital economy

List B:

• ECC2300 Crashes, crises and macroeconomic policy
• ECC2320 Economics for entrepreneurs
• ECC2360 Environmental economics
• ECC2400 Design and evaluation of economic, public, and social programs
• ECC2450 Sports economics
• ECC2460 Energy markets and policy
• ECC2511 Economic growth: Causes and consequences
• ECC2600 Behavioural economics
• ECC2610 Game theory and strategic thinking
• ECC2800 Prosperity, poverty and sustainability in a globalised world
• ECC3640 Economics of climate change
• ECC3740 Economics of financial decision making
• ECC3800 History of economic thought
• ECC3870 Political economy: Institutions, order and evidence
• ETC3410 Applied econometrics

c. Four elective units (24 points) selected from either the Faculty of Business and Economics or across the University, providing you have met the prerequisites and there are no restrictions on admission to the units.

Mathematical economics and econometrics specialisation

You must complete:

a. The following three units (18 points):

• ECC2000 Intermediate microeconomics
• ECC3840 Mathematical economics
• ETC3400 Principles of econometrics*

* Capstone unit.

b. One of the following pairs of mathematics units (12 points):

• ETC2440 Mathematics for economics and business and ETC2520 Probability and statistical inference for economics and business
• ETC2440 Mathematics for economics and business and ECC2610 Game theory and strategic thinking
• MTH1020 Analysis of change and MTH1030 Techniques for modelling
• MTH1030 Techniques for modelling and one of either MTH2010 Multivariate calculus or MTH2021 Linear algebra with applications

c. Three units (18 points) from the following or any unit not taken in (b) with at least two units at level 3

• ETC2520 Probability and statistical inference for economics and business
• ETC3410 Applied econometrics
• ETC3450 Time series analysis for business and economics
• ETC3460 Financial econometrics
• MTH2032 Differential equations with modelling
• MTH3051 Introduction to computational mathematics
• MTH3140 Real analysis
• MTH3241 Random processes in the sciences and engineering

d. Four units (24 points) selected from either the Faculty of Business and Economics or across the University, providing you have met the prerequisites and there are no restrictions on admission to the units.

Part D. Free elective study (48 points)

Electives can also be chosen from across the University, including to complete a major or minor from another course if you have met the required prerequisites and there are no restrictions on enrolling in the units. Enrolment in Faculty of Business and Economics units at campuses other than the campus of enrolment is subject to there being capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations.

No more than two units can contribute towards two majors, or a major and a minor, in the same course (including a double degree course). The same unit is not credited towards two minors.

Electives can be identified using the [[http://www.monash.edu.au/pubs/handbooks/units/search][browse units]] tool and [[http://www.monash.edu.au/pubs/handbooks/units/][indexes of units]] in the current edition of the Handbook. [[http://www.monash.edu.au/pubs/handbooks/aos/index-bydomain_type-major.html][Majors]] and [[http://www.monash.edu.au/pubs/handbooks/aos/index-bydomain_type-minor.html][minors]] can also be identified using the Handbook indexes. 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. 

For students in a double degree course, some units required for the other degree can also be credited as electives towards the Economics degree.