B2031 Bachelor of Economics

This course comprises four parts: Part A. Core studies, Part B. Specialist studies, Part C Capstone studies, and Part D. Elective studies.

Part A. Core studies

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 studies

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 studies

The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your course and provide multi-disciplinary processes and decision making.

Part D. Elective studies

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.

Masters Accelerated Pathway

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).

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 credit points): including 96 credit points of study in Parts A, B and C, and 48 credit points of elective studies in Part D.

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.

Units are 6 points unless otherwise specified.

Part A. Core studies (48 credit points)

You must complete the following units (48 credit points)

• ECC1000 Principles of microeconomics
• ECC1100 Principles of macroeconomics 
• ETC1000 Business and economic statistics 
• ECC1050 Big ideas in economics
• ECC1550 Introductory mathematics for business and economics / MTH1020 Analysis of change / MTH1030 Techniques for modelling / MTH1035 Techniques for modelling (advanced)
• ECC2000 Intermediate microeconomics
• ECC2010 Intermediate macroeconomics
• ETC2410 Introductory econometrics

Part B. Specialist studies (42 credit points)

You must complete 42 credit points in one of the specialisations below.

• Business analytics for economics
• Economics and economic policy 
• Macroeconomics and financial markets 
• Mathematical economics and econometrics specialisation

Part C. Capstone studies (6 credit points)

You 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.

Capstone unit

• BEX3500 Current issues in commerce

Consulting project

• BEX3350 Consulting project
• BEX3351 Consulting project

International experience

• BEX3412 Innovation and entrepreneurship in Silicon Valley
• BEX3622 Issues in global business
• BEX3722 Engaging with international business
• BEX3723 Engaging with international business 
• BEX3724 Engaging with international business
• BEX3725 Engaging with international business
• BEX3726 Engaging with international business 
• BEX3727 Engaging with international business 

Internships

• BEX3006/BEX3106 Industry placement
• BEX3115 Tax Clinic

Part D. Elective studies (48 credit points)

You must complete 48 credit points of elective study. Electives can 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 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. For students in a double degree course, some units required for the other degree can also be credited as electives towards the Economics degree.

You can enrich your degree to hone your academic and professional skills with a range of Flagship Rich Educational Experiences (FREE), including the Research, Experimentation and Discovery, Monash Innovation Guarantee, Global Immersion Guarantee and Volunteering. These flagship rich educational experience units may be credited utilising your elective studies if approved by the faculty. There are both 6 and 12 credit point unit options available.* For information on eligibility please see FREE.

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).