M2015 Bachelor of Psychological Science and Business
Faculty of Medicine, Nursing and Health Sciences
Bachelor of Psychological Science and Business (M2015) is a 3 years full-time, 144-credit-point, bachelor degree course from the Faculty of Medicine, Nursing and Health Sciences, taught at Malaysia. Map your units semester by semester with the MonMap planner.
- Credit points
- 144
- Duration
- 3 years full time
- Campus
- Malaysia
- On campus
- Guaranteed ATAR
- Australian Year 12 equivalent that is 70
This is the 2021 handbook entry. See the 2027 entry.
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Requisite map
Overview
This course is intended for students who wish to apply psychological training to work in a business environment. Students acquire a fundamental understanding of the major principles of psychology and are exposed to a broad cross-section of topics relevant to applied and professional psychology. They also acquire a basic knowledge of core business disciplines and specialised knowledge in one business area and develop an understanding of psychology in a business environment.
Students will enhance their ability to develop careers in psychology, and/or business through the development of effective interpersonal and communication skills, the mastering of essential research design procedures, statistical analyses and methods of written and oral communication relevant to the fields of psychology and business.
Course structure
Part A. Psychology and business fundamentals and foundational skills78 credit points
Psychology core
42 credit points- PSY1011Psychology 1ANo reviews yet6 cp
- PSY1022Psychology 1BNo reviews yet6 cp
- PSY2061Biological psychologyNo reviews yet6 cp
- PSY2071Developmental psychologyNo reviews yet6 cp
- PSY2042Personality and social psychologyNo reviews yet6 cp
- PSY3032Abnormal psychologyNo reviews yet6 cp
- PSY3051Perception and cognitive psychologyNo reviews yet6 cp
Business core - 36 credit points
36 credit points- ACW1120Financial accounting 1No reviews yet6 cp
- BTW1042Malaysian business lawNo reviews yet6 cp
- ECW1101Introductory microeconomicsNo reviews yet6 cp
- ETW1001Introduction to statistical analysisNo reviews yet6 cp
- MGW1010Introduction to managementNo reviews yet6 cp
- MKW1120Marketing theory and practiceNo reviews yet6 cp
Part B. Research methods and critical thinking12 credit points
Part C. Psychology in business practice54 credit points
Psychology units
12 credit pointsBusiness units
42 credit pointsAccountancy
42 credit pointsCore units
42 credit points- ACW2120Financial accounting 2No reviews yet6 cp
- ACW2220Management accounting 1No reviews yet6 cp
- ACW2420Accounting information systemsNo reviews yet6 cp
- ACW3120Financial accounting 3No reviews yet6 cp
- ACW3220Management accounting 2No reviews yet6 cp
- ACW3620Assurance and audit servicesNo reviews yet6 cp
- BTW2213Malaysian company lawNo reviews yet6 cp
- BTW3153Malaysian income tax lawNo reviews yet6 cp
Applied economics
42 credit pointsCore units
18 credit pointsList 1 - Additional applied economics units
18 credit pointsList 2 - Additional applied economics unit
6 credit pointsBanking and financial management
42 credit pointsCore units
36 credit points- BFW1001Foundations of financeNo reviews yet6 cp
- BFW2140Corporate finance 1No reviews yet6 cp
- BFW2401Commercial banking and financeNo reviews yet6 cp
- BFW2751Derivatives 1No reviews yet6 cp
- BFW3121Investments and portfolio managementNo reviews yet6 cp
- BFW3841Credit analysis and lending managementNo reviews yet6 cp
Additional banking and financial management unit
6 credit pointsBusiness analytics
42 credit points- ETW2001Foundations of data analysis and modellingNo reviews yet6 cp
- ETW2440Business modelling and analytics methodsNo reviews yet6 cp
- ETW2472Project management analyticsNo reviews yet6 cp
- ETW2500Statistical learningNo reviews yet6 cp
- ETW3420Principles of forecasting and applicationsNo reviews yet6 cp
- ETW3482Data mining for businessNo reviews yet6 cp
- ETW3483Applied analyticsNo reviews yet6 cp
Business law and taxation
42 credit points- BTM3290Independent studyNo reviews yet6 cp
- BTW2213Malaysian company lawNo reviews yet6 cp
- BTW2241Comparative workplace relations lawNo reviews yet6 cp
- BTW2320Current issues in corporate governanceNo reviews yet6 cp
- BTW3153Malaysian income tax lawNo reviews yet6 cp
- BTW3201International trade lawNo reviews yet6 cp
- BTW3233Conventional and Islamic finance lawNo reviews yet6 cp
- BTW3281Malaysian marketing lawNo reviews yet6 cp
Econometrics and business statistics
42 credit points- ETW2001Foundations of data analysis and modellingNo reviews yet6 cp
- ETW2420Survey methods and managerial statisticsNo reviews yet6 cp
- ETW2510Introduction to econometricsNo reviews yet6 cp
- ETW3420Principles of forecasting and applicationsNo reviews yet6 cp
- ETW3450Applied time series econometricsNo reviews yet6 cp
- ETW3481Econometric methods for financeNo reviews yet6 cp
- ETW3510Applied econometric methodsNo reviews yet6 cp
International business management
42 credit points- BFW2341International financial managementNo reviews yet6 cp
- BTW3201International trade lawNo reviews yet6 cp
- ECW2721Trade finance and foreign exchangeNo reviews yet6 cp
- ECW3301Case studies in international tradeNo reviews yet6 cp
- MGW2351International businessNo reviews yet6 cp
- MGW3122Business strategies in international marketsNo reviews yet6 cp
- MGW3681International managementNo reviews yet6 cp
- MKW3444International marketingNo reviews yet6 cp
Management
42 credit pointsCore units
12 credit pointsAdditional management units
30 credit points- MGW2351International businessNo reviews yet6 cp
- MGW2430Human resource managementNo reviews yet6 cp
- MGW2840Leveraging behavioural neuroscience for business impactNo reviews yet6 cp
- MGW2991Leadership in AsiaNo reviews yet6 cp
- MGW3122Business strategies in international marketsNo reviews yet6 cp
- MGW3130Organisational change and developmentNo reviews yet6 cp
- MGW3234Social entrepreneurshipNo reviews yet6 cp
- MGW3381Management information systemsNo reviews yet6 cp
- MGW3681International managementNo reviews yet6 cp
Additional level 1 unit
6 credit pointsStrategic marketing
42 credit pointsCore units
36 credit points- MKW2402Consumer behaviourNo reviews yet6 cp
- MKW2420Marketing research methodsNo reviews yet6 cp
- MKW2460Integrated marketing communicationNo reviews yet6 cp
- MKW3000Strategic brandingNo reviews yet6 cp
- MKW3301Services marketingNo reviews yet6 cp
- MKW3610Marketing strategy and implementationNo reviews yet6 cp
Additional strategic marketing unit
6 credit pointsThe handbook's description of this structure
The course develops through three themes of psychology and business fundamentals and foundational skills, research methods and critical thinking, and psychology in business practice. These together underpin the discipline of psychology.
Part A. Psychology and business fundamentals and foundational skills
These studies will develop your understanding of core areas of psychology, including knowledge of the theoretical and empirical basis of our current understanding of human psychology. You will also develop a broad foundation in business studies that will prepare you for your chosen area of business practice.
Part B. Research methods and critical thinking
These studies will assist you to develop an understanding of the scientific method and use this knowledge in order to critically evaluate contemporary and historical claims relating to human behaviour and mental processes and to apply this knowledge to the generation of new research questions.
Part C. Psychology in business practice
This is the component of the course through which you will develop further skills and knowledge in psychology together with advanced understanding of your chosen area of business practice including: accountancy, applied economics, banking and financial management, business law and taxation, econometrics and business statistics, international business management, management, or strategic marketing.
Course progression map
The course progression map provides guidance on unit enrolment for each semester of study.
The course comprises 144 points. The course develops through theme studies in: Part A. Psychology and business fundamentals and foundational skills (78 points), Part B. Research methods and critical thinking (12 points) and Part C. Psychology in business practice (54 points).
Units are 6 points unless otherwise stated.
Students who are considering an honours year in business should seek course advice when choosing units from a business area.
Part A. Psychology and business fundamentals and foundational skills (78 points)
You must complete:
a. The following seven units (42 points):
- PSY1011 Psychology 1A
- PSY1022 Psychology 1B
- PSY2061 Biological psychology
- PSY2071 Developmental psychology
- PSY2042 Personality and social psychology
- PSY3032 Abnormal psychology
- PSY3051 Perception and cognitive psychology
b. The following six units (36 points):
- ACW1120 Financial accounting 1
- BTW1042 Malaysian business law
- ECW1101 Introductory microeconomics
- ETW1001 Introduction to statistical analysis
- MGW1010 Introduction to management
- MKW1120 Marketing theory and practice
Part B. Research methods and critical thinking (12 points)
You must complete:
- PSY3062 Research methods and theory
- PSY3250 Positive psychology
Part C. Psychology in business practice (54 points)
You must complete:
a. The following two units (12 points):
- PSY2112 Organisational psychology
- PSY3041 Psychological testing, theories of ability and ethics
b. Seven units (42 points) from one of the following business areas:
Accountancy
You must complete seven units (42 points) from the following:
- ACW2120 Financial accounting 2
- ACW2220 Management accounting 1
- ACW2420 Accounting information systems
- ACW3120 Financial accounting 3
- ACW3220 Management accounting 2
- ACW3620 Assurance and audit services
- BTW2213 Malaysian company law
- BTW3153 Malaysian income tax law
Applied economics
You must complete:
a. The following three units (18 points):
- ECW1102 Introductory macroeconomics
- ECW2730 Macroeconomic policy
- ECW2731 Managerial economics
b. Three units (18 points) from the following:
- ECW3143 Economics of money and banking
- ECW3301 Case studies in international trade
- ECW3830 Business, competition and regulation
- ECM3670 Development economics
- ECM3810 Public sector economics
c. One unit (6 points) from the following:
- ECM2360 Environmental and natural resource economics
- ECW2141 Economics of labour markets
- ECW2721 Trade finance and foreign exchange
Banking and financial management
You must complete:
a. The following six units (36 points):
- BFW1001 Foundations of finance
- BFW2140 Corporate finance 1
- BFW2401 Commercial banking and finance
- BFW2751 Derivatives 1
- BFW3121 Investments and portfolio management
- BFW3841 Credit analysis and lending management
b. One unit (6 points) from the following:
- BFW2341 International financial management
- BFW3120 FinTech and its impact on global finance and banking
- BFW3540 Modelling in finance
- BFW3651 Treasury management
- BFW3652 Corporate treasury and credit management
Business analytics
You must complete:
- ETW2001 Foundations of data analysis and modelling
- ETW2440 Business modelling and analytics methods
- ETW2472 Project management analytics
- ETW2500 Statistical learning
- ETW3420 Principles of forecasting and applications
- ETW3482 Data mining for business
- ETW3483 Applied analytics
Business law and taxation
You must complete seven units (42 points) from the following:
- BTM3290 Independent study
- BTW2213 Malaysian company law
- BTW2241 Comparative workplace relations law
- BTW2320 Current issues in corporate governance
- BTW3153 Malaysian income tax law
- BTW3201 International trade law
- BTW3233 Conventional and Islamic finance law
- BTW3281 Malaysian marketing law
Econometrics and business statistics
You must complete:
- ETW2001 Foundations of data analysis and modelling
- ETW2420 Survey methods and managerial statistics
- ETW2510 Introduction to econometrics
- ETW3420 Principles of forecasting and applications
- ETW3450 Applied time series econometrics
- ETW3481 Econometric methods for finance
- ETW3510 Applied econometric methods
International business management
You must complete seven units (42 points) from the following:
- BFW2341 International financial management
- BTW3201 International trade law
- ECW2721 Trade finance and foreign exchange
- ECW3301 Case studies in international trade
- MGW2351 International business
- MGW3122 Business strategies in international markets
- MGW3681 International management
- MKW3444 International marketing
Management
You must complete:
a. The following two units (12 points):
- MGW2230 Organisational behaviour
- MGW3401 Strategic management
b. Five units (30 points) from the following with at least two units (12 points) at level 3:
- MGW1011 Career development and planning or MGW1100 Managerial communication or MGW1232 Introduction to Islamic business
- MGW2351 International business
- MGW2430 Human resource management
- MGW2840 Leveraging behavioural neuroscience for business impact
- MGW2991 Leadership in Asia
- MGW3122 Business strategies in international markets
- MGW3130 Organisational change and development
- MGW3234 Social entrepreneurship
- MGW3381 Management information systems
- MGW3681 International management
Strategic marketing
You must complete:
a. The following six units (36 points):
- MKW2402 Consumer behaviour
- MKW2420 Marketing research methods
- MKW2460 Integrated marketing communication
- MKW3000 Strategic branding
- MKW3301 Services marketing
- MKW3610 Marketing strategy and implementation
b. One unit (6 points) from the following:
- MKW2431 Business marketing
- MKW2500 Retail marketing
- MKW3300 Introduction to social commerce
- MKW3444 International marketing
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
apply their understanding of the major principles of psychology to the identification and resolution of real-world problems
- 2
explain a broad cross section of applied and professional psychology topics to diverse audiences
- 3
demonstrate a working knowledge of core business disciplines and specialised knowledge in one business area
- 4
use effective interpersonal and communication skills across a range of contexts
- 5
critically appraise research design procedures, statistical analyses and methods of written and oral communication relevant to the fields of psychology and business
- 6
apply psychological concepts within a business environment
- 7
implement modern information technologies that will enhance effectiveness in the workplace
- 8
prepare for careers in psychology, marketing, management, human resources, or other business areas
- 9
establish skills and knowledge to progress to postgraduate studies and/or research in psychological science or business
- 10
exercise personal, professional and social responsibility as a global citizen.
Entry requirements
Guaranteed ATAR and selection rank
Australian Year 12 equivalent that is 70
Other applicants
Applicants must satisfy the equivalence of the VCE subject prerequisites or equivalent university units.
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
More information
Progression to further studies
Successful completion of this course may provide a pathway to the Bachelor of Psychological Science (Honours).
Successful completion of this course may provide a pathway to the Bachelor of Business and Commerce (Honours). To be eligible for the Bachelor of Business and Commerce (Honours) you need to complete 8 units from one business area. You can enrol for the 8th unit as a single-unit enrolment in your final semester of study.
To be eligible for provisional registration as a psychologist in Australia you must meet the requirements of the Psychology Board of Australia (PsyBA). The first step to becoming a psychologist is to complete four years of approved study in psychology. This normally comprises a bachelor degree (or graduate diploma) that includes the three-year Australian Psychology Accreditation Council (APAC) accredited sequence of 10 units in psychology, followed by an accredited fourth-year course in psychology. The Bachelor of Psychological Science and Business provides the three-year APAC accredited sequence and the Bachelor of Psychological Science (Honours) will provide the fourth year.
In order to be eligible for general registration as a psychologist, a further minimum two years of approved study must be undertaken at master's or doctoral level or alternatively two years of supervised practice. Students in Malaysia apply for PsyBA provisional registration through a streamlined international application process.
Professional accreditation
This course is accredited by the Australian Psychology Accreditation Council.
This degree does not make you eligible to register as a psychologist. A career in psychology will require further study and training after completion of the Bachelor of Psychological Science and Business.
Other information
This course is intended for students who wish to apply psychological training to work in a business environment. Students acquire a fundamental understanding of the major principles of psychology and are exposed to a broad cross-section of topics relevant to applied and professional psychology. They also acquire a basic knowledge of core business disciplines and specialised knowledge in one business area and develop an understanding of psychology in a business environment.
Students will enhance their ability to develop careers in psychology, and/or business through the development of effective interpersonal and communication skills, the mastering of essential research design procedures, statistical analyses and methods of written and oral communication relevant to the fields of psychology and business.
Contacts
- Academic Coordinator
- Dr Vanlal Thanzami
Common questions
How long is Bachelor of Psychological Science and Business?
3 years full time, 144 credit points. At 24 credit points a semester, that is 6 semesters of full-time study.
What ATAR do I need for Bachelor of Psychological Science and Business?
The guaranteed ATAR listed for 2021 entry is Australian Year 12 equivalent that is 70.
Where can I study Bachelor of Psychological Science and Business?
At Malaysia.
How do I plan my Bachelor of Psychological Science and Business 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.