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Requisite map

The 2021 handbook lists no units for B2032 itself. Pick an area of study to see its units.

Overview

In this double degree you will learn to apply your thinking in a commercial capacity and develop the skills required to solve complex problems, while developing a depth of expertise in economics.

This gives you a unique skill set. For example, economics provides the foundational understanding of finance and actuarial studies, but combined with majors in actuarial studies or finance you will have substantive knowledge across all three.

Economics is the science of allocating scarce resources to maximise people's welfare. Economists study both the microeconomic decisions of individuals, business and government, and the macroeconomic behaviour of the economy as a whole. Two specialisations provide a professional education in economics: economics and economics policy, and mathematical economics and econometrics. Both specialisations are designed to encourage logical thought and detailed analysis of economic issues that can be adapted to a range of careers.

Course structure

Course rules

Several units are listed in both components of the degree. The second instance of each unit must be replaced by another unit from the Faculty of Business and Economics or across the University, providing the pre-requisites are met and there are no restrictions on admission to the units. You may also be able to use these replacement units to take a 12 or 24 credit point project, international experience or internship, or undertake a minor in a different commerce discipline from your major.

Commerce component96 credit points

Part A. Commerce specified study

48 credit points

Core units

36 credit points

You must complete 36 credit points from the following units. You must complete BTC1110 or BTX1010. You must complete ETC1000 or ETX1100. Only one accounting unit may be completed from ACC1100, ACX1100, ACC1200 or ACX1200. Note: If you intend to complete a major in Accounting, you must complete ACC1100 or ACX1100.

Additional commerce unit

6 credit points

You must complete one elective unit (6 credit points) from the Faculty of Business and Economics.

Capstone, project, international or internship experience unit

6 credit points

You must complete 1 unit from one of the following lists, unless you are completing a major in Accounting. If you are completing the Accounting major you do not complete this section, as ACC3100 and ACC3200 meet this requirement.

Capstone unit

6 credit points

You must complete one of the following units

Consulting project

6 credit points

You must complete one of the following units

International experience

6 credit points

You must complete one of the following units

Internships

6 credit points

You must complete one of the following units

Part B. Commerce listed major

48 credit points

You must complete one major from the list below. Depending on the major chosen, you may have already studied one of the required units as part of your commerce specified study. If so, you must complete an additional commerce unit to bring the combined commerce study to at least 96 credit points from the Faculty of Business and Economics. If you are intending to undertake an honours year, you should ensure you complete the specific units required for honours in your chosen major area of study.

Economics component96 credit points

Part A. Foundation commerce knowledge

24 credit points

You must complete 24 credit points from the following units. You must complete ETC1000 or ETX1100.

Part B. Specialist discipline knowledge and Part C. Capstone experience

72 credit points

You must complete one of the following specialisations

Economics and economic policy specialisation

72 credit points

You must complete 72 credit points from the following

Core units

12 credit points

You must complete the following units

Capstone unit

6 credit points

You must complete the following unit

ECC3690International economicsNo reviews yet6 cp

Additional Economics and economic policy units - List A

18 credit points

You must complete 18 credit points from the following units

Additional Economics and economic policy units - List B

12 credit points

You must complete 12 credit points from the following units or from List A

Elective units

24 credit points

You must complete 24 credit points of elective units 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

72 credit points

You must complete 72 credit points from the following

Core units

12 credit points

You must complete the following units

Capstone unit

6 credit points

You must complete the following unit

ETC3400Principles of econometricsNo reviews yet6 cp

Mathematical units

12 credit points

You must complete one of the following pairs of units

First pair

12 credit points

You must complete the following units

Second pair

12 credit points

You must complete the following units

Third pair

12 credit points

You must complete the following units

Fourth pair

12 credit points

You must complete the following units

MTH1030Techniques for modellingNo reviews yet6 cp

Additional mathematical unit

6 credit points

You must complete 6 credit points from the following units

Additional Mathematical economics and econometrics units

18 credit points

You must complete 18 credit points from the following units, or any unit not taken in the Mathematical units section, with at least 2 units at level 3.

Elective units

24 credit points

You must complete 24 credit points credit points of elective units 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.

The handbook's description of this structure

Double degree courses include the features of the component degree courses, except that electives may be reduced.

Commerce

B2001 Bachelor of Commerce is a comprehensive course, structured in three equal parts. In the double degree course you complete the following two parts:

Part A. Commerce specified study

This will provide you with a broad foundation for your study of commerce and expose you to several commerce disciplines. This will contribute breadth to your knowledge of commerce and address the graduate course outcomes. It will also give you the opportunity to learn more about each discipline before finalising your choice of major.

Part B. Commerce listed major (excludes Economics)

This will provide you with a focused program of study that will develop your expertise in one discipline area. You will develop, apply and communicate an advanced level of understanding of the concepts and theoretical frameworks that constitute the knowledge base of your major area of study. Due to the double degree structure, the Economics major is not available in this course.

Economics

B2031 Bachelor of Economics is a comprehensive course that develops through the themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience and elective breadth/depth 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.

Course progression map

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

You must complete 192 points, of which 96 points are from the Bachelor of Commerce (including all the requirements in Part A and B for the single degree) and 96 points are from the Bachelor of Economics (including all the requirements in Part A, B and C for the single degree).

Units are 6 points unless otherwise stated.

Areas of study

Majors (10)

Entry requirements

Guaranteed ATAR and selection rank

90; International: UERT Year 12/Foundation Band 5 (90-92.49); 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 Minimum: 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 test

Pathways

Refer to the Course description for each partner course.

More information

Progression to further studies

Refer to the Course description for each partner course.

Professional accreditation

Refer to the Course description for each partner course..

Other information

In this double degree you will learn to apply your thinking in a commercial capacity and develop the skills required to solve complex problems, while developing a depth of expertise in economics.

This gives you a unique skill set. For example, economics provides the foundational understanding of finance and actuarial studies, but combined with majors in actuarial studies or finance you will have substantive knowledge across all three.

Economics is the science of allocating scarce resources to maximise people's welfare. Economists study both the microeconomic decisions of individuals, business and government, and the macroeconomic behaviour of the economy as a whole. Two specialisations provide a professional education in economics: economics and economics policy, and mathematical economics and econometrics. Both specialisations are designed to encourage logical thought and detailed analysis of economic issues that can be adapted to a range of careers.

Common questions

How long is Bachelor of Commerce and Bachelor of Economics?

4 years full time, 192 credit points. At 24 credit points a semester, that is 8 semesters of full-time study.

What majors can I take in Bachelor of Commerce and Bachelor of Economics?

10 majors in 2021, including Accounting, Actuarial studies, Behavioural commerce, Business analytics, Econometrics, Finance, Management studies and Marketing science.

What ATAR do I need for Bachelor of Commerce and Bachelor of Economics?

The guaranteed ATAR listed for 2021 entry is 90.

Where can I study Bachelor of Commerce and Bachelor of Economics?

At Clayton.

How do I plan my Bachelor of Commerce and 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: 192
Full time: 4 Years
Part time: 8 Years
Maximum time: 10 years

Faculty: Faculty of Business and Economics
CRICOS code: 021276J
Abbreviation: BCom/BEc
Award titles: Bachelor of CommerceBachelor of Economics
Handbook years: 202020212022 2023 2024 2025 2026 2027