Bachelor of Resource Economics

The information on this page applies to future students. Current students should refer to their faculty handbooks for course information.

PLEASE NOTE: There will be no further intakes for this course. The information on this page is for current students of the course. Student interested in studying the discipline of Agricultural Economics should consider the following programs:

Bachelor of Science in Agriculture (with Agricultural Economics specialisation) - training in agribusiness for production agriculture
Bachelor of Food and Agribusiness - training in agribusiness for post-production agriculture
Bachelor of Economics, with an Agricultural Economics major (available from 2015) - training in economic theory of post-production agriculture and commodities
Bachelor of Economics (available from 2015), Bachelor of Science in Agriculture or Bachelor of Science in Agriculture (Agricultural Economics specialisation) - Training in economic theory and practice and agricultural science for a professional career as an agricultural economist


The Bachelor of Resource Economics degree is a unique applied economics degree, blending a foundation of science with a strong disciplinary base in economics. You will complete core units of study in first year (economics, mathematics and science) followed by three years of study sequences in economics, resource economics, quantitative analytical economics, with elective units of study in resource science and/or resource economics. The course will focus on the private and social economic management of the environment and natural resources, including land, water, fisheries and forestry, ecological systems, the atmosphere, and resource commodities such as minerals, coal, and oil. It addresses the most challenging current issues of the day, such as food security, climate change, carbon, water and the environment. On completion, you will be a well-qualified economist with particular skills in resource economics. The Bachelor of Resource Economics degree should suit students who are seeking a rewarding career in applied economics and who are interested in science, geography and have an aptitude for mathematics. It may also appeal to students who are interested in environmental law and regulation, but who may not have gained entry to a Law degree.

Majors

Units of study

Unit of Study information on faculty page

Full units of study list

Further course information

Study plan

In the Bachelor of Resource Economics degree you will complete foundation units of study in science, plus elements of economics, resource economics and quantitative analytical economics, and examine a wide range of natural resource management issues. All students complete a major comprising 48 credit points (cp): 12cp of first year (junior) units of study, then a combination of second and third year units of study to make up the balance of 36cp. This combination varies between majors with prerequisites and other requirements determined by the subject area. In fourth year you will complete a research project in a chosen field of resource economics.

What is a major?

A major in the Bachelor of Resource Economics degree requires the completion of 48 credit points of units of study in one subject area, including any units of study specified in the table of undergraduate units of study as compulsory for that major. A student may not count a unit of study toward more than one major. Students can complete a resource economics major and a non-resource economics major. Units of study completed at the University of Sydney Summer School which correspond to units of study permitted to count to this degree may be credited towards the course requirements.

What is an elective?

An elective is a unit of study within a degree, usually an option within a course. Electives allow more detailed study of a particular subject. Electives are selected from the pool offered in a given year and may include units of study from the Faculty of Agriculture, Food and Natural Resources or from other faculties within the university (subject to permission from the Faculty of Agriculture, Food and Natural Resources).

Course opportunities

All students enrolled in the Bachelor of Resource Economics degree are required to complete at least 40 days of approved professional experience, plus at least one faculty excursion as a field trip prior to graduation. This experience is undertaken during vacations. A minimum of 15 days of the 40 day requirement must be completed as 'on-farm'/field experience for the course and students must undertake a minimum of two placements. The remainder is completed with organisations involved in agriculture, business, research and the resource industries and is known as a ‘graduate’ experience. The Faculty maintains a database to assist students in finding a professional experience placement. Professional experience is highly regarded by employers and provides an insight into the operations of organisations and often leads to offers of employment prior to graduation.

Course outcomes and further study

Graduate opportunities

With an understanding of both science and economics, Bachelor of Resource Economics graduates will be equipped to work in emerging green sectors, environmental consultancies, and mining and energy companies. The strong economic analysis skills of our graduates are transferable, allowing employment as economists in any sector of the economy. Graduates are employed as research economists, economic/policy analysts, business market analysts and general economists in both the private and public sectors, including utility companies and mineral and energy organisations.

Course accreditation

Graduates will be eligible for membership to the Australian Agricultural and Resource Economics Society, the Economics Society of Australia, the Australian and New Zealand Society of Ecological Economics and other international professional associations, including the American Agricultural Economics Association.

Further study

The Faculty of Agriculture and Environment enjoys a prestigious international reputation for postgraduate study and research excellence at the University of Sydney. Our flagship postgraduate coursework program in the Master of Agriculture offers the opportunity to undertake specialised study in the fields of agribusiness, agricultural economics, agricultural technologies, natural resource management, resource economics, sustainable agriculture, forest systems or sustainable horticulture. Our research nexus includes the Plant Breeding Institute, the Precision Agriculture Laboratory and the Pulsford Laborarory. The faculty invites outstanding and suitably qualified graduates to express their interest in joining our current research projects in the degrees of Master of Philosophy, and Doctor of Philosophy .

About honours

Honours in the Bachelor of Resource Economics is awarded on the basis of academic performance over second, third and fourth years. Dependent on academic merit graduates may be awarded either Honours 1; Honours 2, Division 1; Honours 2 Division 2; or Pass.

Admission

Admission requirements

Admission requirements not available for Bachelor of Resource Economics.

Assumed knowledge

Mathematics Extension 1.
Recommended studies: Biology or Chemistry or Earth and Environmental Science

How to apply

Domestic students

How to apply

Applications for the University's undergraduate courses are made though the Universities Admissions Centre (UAC). On-time applications for the March Semester close on the last working day of September.

International students

How to apply

Overseas applicants may apply (i) directly to the University's International Office, (ii) through a University overseas representative (education agent), or (iii) through the Universities Admissions Centre, for students applying on the basis of a current Australian Year 12 secondary school examination, or studying either an International Baccalaureate in Australia or a New Zealand Certificate of Educational Achievement (NCEA) Level 3.

Fee disclaimer

Domestic students

Indicative Undergraduate Student Contribution Amount

This student contribution amount for a Commonwealth Supported Place is an indication only of the fees that are payable by you in the calendar year you commence your course, commencing in 2014 for a standard annual full time load of 48 credit points (1.0 EFTSL). The exact student contribution that you pay will depend on the specific units of study in which you ultimately enrol. If you are a Commonwealth supported student and was enrolled in a University course before 1 January 2013 your student contribution may differ.

For further information about how to calculate your specific total student contribution, please refer to the University's Future Students' website.

Annual review

Importantly, student contribution amounts are subject to annual review by the University, and are likely to increase each year of your period of study (subject to a Commonwealth specified cap), effective at the start of each calendar year.

Additional incidental fees

For some courses there are incidental fees additional to the student contribution. Some of those fees are significant, for example, faculty-specific materials, tools, protected clothing, and equipment. For further information about these additional incidental fees, please visit the University's Future Students' website.

Potential for inaccuracy

Whilst every reasonable effort has been made to include correct and up to date information here, you are also advised to consult directly with the Student Centre for domestic students or the International Office for international students so that they can provide you with specific and up to date information about those fees.

International students

Indicative international tuition fees for undergraduate students

This international tuition fee is an indication only of the fees that are payable by you in the calendar year you commence your course, commencing in 2014, for a standard annual full time load of 48 credit points (1.0 EFTSL). The exact tuition fees that you pay will depend on the specific units of study in which you ultimately enrol.

For further information about how to calculate your specific total tuition fees, please refer to the University's Future Students' website.

Annual review

Importantly, tuition fees are subject to annual review, and are likely to increase each year of your period of study, effective at the start of each calendar year.

Additional incidental fees and health insurance

For some courses there are incidental fees additional to the tuition fees. Some of those fees are significant, for example, faculty-specific materials, tools, protected clothing, and equipment. For further information about these additional incidental fees, please visit the University's Future Students' website.

In addition to the fees indicated here for the course of study, International Students studying on an Australian Student Visa must have appropriate health insurance for the duration of their studies on a Student Visa through an approved provider of the Overseas Student Health Cover (OSHC) scheme. This is a requirement of the Australian Government, unless otherwise exempted by the Government.

Potential for inaccuracy

Whilst every reasonable effort has been made to include correct and up to date information here, you are also advised to consult directly with the Student Centre for domestic students or the International Office for international students so that they can provide you with specific and up to date information about those fees.

Student profiles

Student profiles