CourseBachelor DegreeBEc

B2031 Bachelor of Economics

Faculty of Business and Economics

Bachelor of Economics (B2031) is a 3 years full-time, 144-credit-point, bachelor degree course from the Faculty of Business and Economics, taught at Clayton. In 2027 you can choose from 4 specialisations. Map your units semester by semester with the MonMap planner.

Credit points
144
Duration
3 years full time
6 years part time
Campus
Clayton
On campus
Guaranteed ATAR
85

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Requisite map

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

Course structure

Rules
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 studies48 credit points
Part B. Specialist studies42 credit points
Part C. Capstone studies6 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 (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.
Part D. Elective studies48 credit points
You 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).
The handbook's description of this structure

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

The Bachelor of Economics offers an Accelerated Pathway option into the Master of Economics (B6030). 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 (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.

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 credit points)

You must complete the following units.

Note: You can complete only one of the following level 1 mathematics units: ECC1551, MTH1020, MTH1030 or MTH1035.

  • ECC1000 Principles of microeconomics

  • ECC1100 Principles of macroeconomics 

  • ETC1000 Business and economic statistics 

  • ECC1050 Big ideas in economics

  • ECC1551 Foundations of mathematical 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 one of the following specialisations.

  • 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 (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

  • BEX3500 Professional development for commerce

Consulting project

  • BEX3350 Consulting project

  • BEX3351 Global collaboration projects

  • BEX3306 Sustainability and climate project

  • BEX3312 Sustainability and climate project (12 credit points)

  • BEX3606 Start-up and innovation project

  • BEX3612 Start-up and innovation project (12 credit points)

  • BEX3351 Global collaboration projects

  • BEX3706 Sustainability collaboration 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 Industry placement

  • 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:

  • 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).

Areas of study

Learning outcomes

These course outcomes are aligned with the Australian Qualifications Framework and Monash Graduate Attributes.

Upon successful completion of this course it is expected that you will be able to:

  1. 1

    be critical and creative scholars who 

    • produce innovative solutions to problems
    • apply research skills to business challenges
    • communicate effectively and perceptively
  2. 2

    be responsible and effective global citizens who:

    • engage in an internationalised world
    • exhibit cross-cultural competence
    • demonstrate ethical values
  3. 3
    demonstrate broad knowledge and technical skills in the area of their specialisation (economic theories and mathematical modelling; macroeconomics and finance; and mathematical, statistical and computing skills respectively) and be able to provide discipline-based solutions relevant to the business, professional and public policy communities that we serve
  4. 4

    apply the analytical and quantitative skills learnt in their specialisation to provide answers to economic questions, solutions to economic issues and problems, and suggestions for economic policy

Entry requirements

Guaranteed ATAR and selection rank

85; International: UERT Year 12/Foundation Band 4+ (87.5-89.99); UERT Post-Secondary Band 3 (Distinction)

Other applicants

All applicants must satisfy the equivalence of the VCE subject prerequisites.

VET Certificate IV, Diploma or Advanced Diploma graduates:
Applicants will require a minimum 70% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. Programs that involve competency-based assessment without grades or marks will not be sufficient to meet admission requirements.

Monash College entry requirements:
Diploma of Business (Commerce stream) Part 2 average: 70%
Monash University Foundation Year average: 76.25%

Higher education studies:
Applicants will be require a minimum 70% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. A minimum of two single units must be completed in order to meet minimum admission requirements.

English language

Monash Level A, that is: IELTS (Academic): 6.5 overall (no band lower than 6.0); or Pearson Test of English (Academic): score of 58 overall with no band lower than 50; or TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18; or Equivalent approved English testt

Pathways

Monash College - Diploma of Commerce
Monash College - Diploma of Business

Articulation agreements:

Abu Dhabi University - 2.5+1.5 - Exp: 12/07/2025
Amity University (Noida campus) - 2+2, (1.5+1.5), (1+2) - Exp: 01/07/2025
Beijing Foreign Studies University (BFSU) - 2+2 - Exp: 19/05/2024 renewal in progress
Beijing Institute of Technology, Zhuhai (BITZH) - 2+2 - Exp: 19/05/2024 renewal in progress
Beijing Jiaotong University (BJTU) - 2+2 - *Approval in progress
Central South University (CSU) - 2+2 - Exp: 25/11/2025
Central University of Finance and Economics (CUFE) - 2+2 - Exp: 16/06/2024 renewal in progress
Diplomatic Academy of Vietnam (DAV) - 1+2 - Exp: 27/06/2027
Dongbei University of Finance and Economics (DUFE) - 2+2 - Exp: 11/11/2024
Guangdong University of Finance (GDUF) - 2+2 - Exp: 12/12/2024
Guangdong University of Technology (GDUT) - 2+2 - Exp: 16/04/2028
Hanoi University of Science and Technology (HUST) - 2.5+1.5 - Exp: 07/08/2026
Henan University - 2+2 - Exp: 17/04/24 renewal in progress
Hunan University - 2+2 - Exp: 19/07/2026
International University, Vietnam National University (IU VNU HCMC) - 1.5+1.5 - Exp: 12/12/2026
Narsee Monjee Institute of Management Studies (NMIMS) - 1.5+1.5 - Exp: 05/09/2028
O.P Jindal Global University - 1.5+1.5 - Exp: 16/05/2027
Shanghai International Studies University (SISU) - 1.5+2 - Exp: 13/01/2027
Shanghai University of Finance and Economics (SUFE) - 1.5+2 - Exp: 30/09/2026
South China Agricultural University (SCAU) - 2+2 - Exp: 23/05/2027
Southwestern University of Finance and Economics (SWUFE) - 2+2 - Exp: 28/02/2027
University of Danang (DUE - UE) - 2+2 - Exp: 12/02/2028
University of Danang (DUE - VNUK) - 2+2 - Exp: 17/08/2025
University of Economics and Business, Vietnam National University (UEB-VNU) - 2+2 - Exp: 29/08/2028
University of Economics, International School of Business, Ho Chi Minh City (UEH-ISB) - 1.5+1.5 & 1+2 - Exp: 29/11/2027
Vidyalankar School of Information Technology (VSIT) - (1.5+2), (2+1.5), (2+2) - Exp: 31/01/2026
Xi'an International Studies University (XISU) - 2+2 - Exp: 30/05/2029
Xi'an Jiaotong-Liverpool University (XJTLU) - 2+2 - Exp: 30/06/2029
Zhengzhou University (ZZU) - 2+2 - Exp: 25/07/2026

More information

Progression to further studies

Honours

Successful completion of this course may provide a pathway to the one-year honours program Bachelor of Commerce (Honours) (B3701). To be eligible to apply for the Bachelor of Commerce (Honours) (B3701), you must have:

  • achieved a distinction grade average (70%) or above in 24 credit points of studies at Level 3.
  • in addition, some particular units may need to be taken for admission to honours.

Master's pathway

Successful completion of this course may provide a pathway to the Master of Economics (B6030). To be eligible to apply for the Master of Economics (B6030) at Entry Level 2, you must have:

  • achieved at least a high credit (65%) average or above in the Bachelor of Economics (B2031). 

Professional accreditation

Some specific or additional units may be required for professional recognition. Refer to the professional recognition webpage for more information.

Notes for students

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 free electives if approved by the faculty. There are both 6 and 12 credit point unit options available.

For information on eligibility please see FREE.

Other information

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:

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

Common questions

How long is Bachelor of Economics?

3 years full time, 144 credit points. At 24 credit points a semester, that is 6 semesters of full-time study.

What specialisations can I take in Bachelor of Economics?

4 specialisations in 2027, including Business analytics for economics; Economics and economic policy; Macroeconomics and financial markets; and Mathematical economics and econometrics.

What ATAR do I need for Bachelor of Economics?

The guaranteed ATAR listed for 2027 entry is 85.

Where can I study Bachelor of Economics?

At Clayton.

How do I plan my Bachelor of Economics units?

Open the course in the MonMap planner. It lays out your semesters, checks prerequisites as you drag units in, and tracks the credit points each requirement still needs.

Course details

Qualification
Bachelor Degree
AQF level
Level 7
Credit points
144
Full time
3 Years
Part time
6 Years
Maximum time
8 years
Faculty
Faculty of Business and Economics
CRICOS code
001447E
Abbreviation
BEc
Award title
Bachelor of Economics