Economics Major (Undergraduate)
This subject area is offered by the School of Economics (Faculty of Arts and Social Sciences)
Economics is a diverse, fascinating discipline that studies a wide range of issues that shape the broad framework of society - political, social and commercial. The School of Economics has a proud history as one of the most highly ranked centres in economics. The objective of the major in Economics is to equip students for the diverse range of careers which value the key skills of the discipline - understanding economic and social phenomena, analysing economic data, and exploring alternative choices in addressing key challenges. The major builds the training in economics incrementally. It addresses the essentials of the discipline early in the degree, which opens a wide range of choice at senior level. This allows students to shape concentrations in areas of interest - in macroeconomics, or in areas of applied economic policy.
This is a compulsory major option for the Bachelor of Commerce and a Major II option for the Bachelor of Commerce (Liberal Studies) (from 2012). Students in other degrees (including combined) should refer to the their particular degree's resolutions and requirements for the availability of this major in their degree.
Requirements for the major
Note. The following information is for Business School students who commenced study in their degree from 2011. Students who commenced prior to 2011 should refer to the information below listed under "Pre-2011 continuing students".
For the award of a major in Economics in a degree offered by the Business School, students complete:
(i) four junior prerequisite units of study (24 credit points), as follows:
- BUSS1020 Quantitative Business Analysis* (or ECMT1010 Business and Economic Statistics A);
- ECMT1020 Business and Economic Statistics B
- BUSS1040 Economics for Business Decision Making* (or ECON1001 Introductory Microeconomics)
- ECON1002 Introductory Macroeconomics
* Please Note. Students enrolled in the Bachelor of Commerce must complete the BUSS units of study as they are core requirements for their degree.
(ii) two compulsory senior units of study (12 credit points), as follows:
- ECOS2001 Intermediate Microeconomics; OR ECOS2901 Intermediate Microeconomics Honours
- ECOS2002 Intermediate Macroeconomics;OR ECOS2902 Intermediate Macroeconomics Honours
(iii) a minimum of four elective units of study (24 credit points) selected from the following, with at least three at 3000-level (18 credit points):
- ECOS2025 East Asian Economies
- ECOS2201 Economics of Competition and Strategy
- ECOS2306 Managerial Firms: Evolutions and Attributes*
- ECOS2307 The European Economy
- ECOS2903 Mathematical Economics A
- ECOS3002 Development Economics
- ECOS3003 Hierarchies, Incentives and Firm Structure
- ECOS3004 History of Economic Thought
- ECOS3005 Industrial Organisation
- ECOS3006 International Trade
- ECOS3007 International Macroeconomics
- ECOS3008 Labour Economics
- ECOS3010 Monetary Economics
- ECOS3011 Public Finance
- ECOS3012 Strategic Behaviour
- ECOS3015 Law and Economics
- ECOS3016 Experimental and Behavioural Economics
- ECOS3017 Health Economics
- ECOS3018 Economics of Growth
- ECOS3019 Capital and Dynamics
- ECOS3020 Special Topic in Economics
- ECOS3021 Business Cycles and Asset Markets
- ECOS3022 The Economics of Financial Markets
- ECOS3023 Personnel Economics
- ECOS3901 Advanced Microeconomics Honours
- ECOS3902 Advanced Macroeconomics Honours
- ECOS3903 Applied Microeconomics Honours
- ECOS3904 Applied Macroeconomics Honours
* Not offered for 2014.
Note: Senior units of study can be used to count towards the requirements of one major only. Senior units cannot be "double counted" towards two majors. For example, ECOS2306 cannot be counted towards both a major in Economics and a major in Management.
The following information is for Pre-2011 continuing students only
Requirements for the Economics major for students who commenced study in their degree before 2011.
Pre-2011 continuing students can choose to follow the requirements for a major as set out above or can follow the requirements for their major as set out in the following downloadable PDFs. Students should also refer to the handbook of the year they commenced study for the exact details of the requirements for their degree and majors.
- Requirements for an Economics major or extended major for students who commenced study in their degree in 2006, 2007, 2008, 2009 or 2010 .
- Requirements for an Economics major or double major for students who commenced study in their degree prior to 2006 .
The Economics major is an available option in the following degrees offered by the Business School:
- Bachelor of Commerce
- Bachelor of Commerce and Bachelor of Arts
- Bachelor of Commerce and Bachelor of Laws
- Bachelor of Commerce and Bachelor of Science
- Bachelor of Commerce and Doctor of Medicine
- Bachelor of Commerce (Liberal Studies)
Pre-2011 continuing students enrolled in these former Faculty of Economics and Business degrees can also complete a major or electives in Economics: Bachelor of Commerce and Bachelor of Laws, Bachelor of Commerce and Bachelor of Medicine and Bachelor of Surgery, Bachelor of Economics, Bachelor of Economics and Bachelor of Medicine and Bachelor of Surgery; and Bachelor of Economics and Bachelor of Laws.