courses

0023

Undergraduate - Course

Students who commenced study in 2013 should refer to this course entry for direction on the requirements; to check which units are currently available for enrolment, refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course.

print version

This course entry applies to students commencing this course in 2013 and should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics

Managing facultyBusiness and Economics
Abbreviated titleBEc
CRICOS code001447E
Total credit points required144
Standard duration of study (years)3 years FT, 6 years PT
Study mode and locationOn-campus (Clayton)
Admission, fee and application details http://www.monash.edu/study/coursefinder/course/0023
Contact details

Visit http://www.buseco.monash.edu.au/contact.html

Course coordinator

Dr Ross Booth

Notes

  • Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.

Description

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.

This course provides a professional education in the disciplines of economics or econometrics and business statistics and is designed to encourage logical thought and detailed analysis of economic issues that can be adapted to a range of careers.

Outcomes

These course outcomes are aligned with the Australian Qualifications Framework level 7, the Bologna Cycle 1 and Monash Graduate Attributes. For more information refer to http://opvclt.monash.edu.au/curriculum-by-design/aligning-course-outcomes-with-aqf-bologna.html.

Upon successful completion of this course it is expected that graduates will:

(a.) be critical and creative scholars who:

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

(b.) be responsible and effective global citizens who:

  • engage in an internationalised world
  • exhibit cross cultural competence
  • demonstrate ethical values

(c.) have comprehensive understanding of their discipline and be able to provide discipline based solutions relevant to the business, professional and public policy communities that we serve

(d.) be able to construct conceptual frameworks and use these to analyse complex issues in the corporate sector, government and the professions

Structure

The course has three main components:

  • a set of core units which provide an introduction to the key areas of economics, and econometrics and business statistics
  • an eight unit major in either actuarial studies, economics, econometrics and business statistics, or financial and insurance mathematics with the option of a second major which could include philosophy and politics
  • 12 open electives which may be taken from any Faculty of Business and Economics programs and campuses, or from disciplines offered by another faculty. These open electives can, in some cases, form another major.

Areas of study

Requirements

Students must complete 24 units over a maximum of eight years as follows:

(a.) 12 units (72 points) from the faculty in the Bachelor of Economics at the Clayton campus as follows:

(i.) six core units (36 points):

  • ECC1000 Principles of microeconomics
  • ECC1100 Principles of macroeconomics
  • ECC2000 Intermediate microeconomics
  • ECC2010 Intermediate macroeconomics
  • ETC1000 Business and economic statistics
  • ETC1010 Data modelling and computing

(ii.) a major of eight units (48 points):*

  • the major must come from the approved list of majors 'Areas of study'. Students cannot undertake the eight unit Philosophy and politics major as their first major.
  • at least two units (12 points) must be completed at each of second and third-year levels

* Note: Depending on the major chosen, one or more of the units in the major may have already been studied as part of the group of common core units - where this is the case, students will complete additional unit/s as detailed below.

(iii.) additional units from the faculty in the Bachelor of Economics at the Clayton campus to reach the required minimum of 12 units (72 points).

(b.) 12 electives (72 points) as follows:

  • may be taken from disciplines offered by another faculty either to form a major and/or minor(s), for example geography and environmental science, history, languages, mathematics, psychology, sociology (details of the requirements for these and other majors can be found via http://www.monash.edu.au/pubs/2013handbooks/aos/index-byfaculty.html) or can be taken as individual units.
  • may be taken from any Faculty of Business and Economics programs and campuses to form a major, or taken as individual units.**

** Note: Enrolment in units at another campus is subject to there being capacity after students from that campus have enrolled.

Award(s)

Bachelor of Economics