Bachelor of Resource Economics
The information on this page applies to future students. Current students should refer to their faculty handbooks for course information.
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
For full information on Units of Study available in this course, please visit the Sydney Courses website
Course Structure and Units of Study
Full units of study list
- ACCT1006 - Accounting and Financial Management
- ACCT2011 - Financial Accounting A
- ACCT2012 - Management Accounting A
- ACCT3011 - Financial Accounting B
- ACCT3012 - Management Accounting B
- ACCT3013 - Financial Statement Analysis
- ACCT3014 - Auditing and Assurance
- AFNR3001 - Agro-ecosystems in Developing Countries
- AFNR4001 - Professional Development
- AGCH3033 - Environmental Chemistry
- AGEC1102 - Agricultural and Resource Economics
- AGEC2101 - Market and Price Analysis
- AGEC2102 - Agribusiness Marketing
- AGEC2103 - Production Economics
- AGEC2105 - Applied Econometric Modelling 1
- AGEC3101 - Agribusiness Management
- AGEC3102 - Agricultural and Resource Policy
- AGEC3103 - Applied Optimisation
- AGEC3104 - Research Methods
- AGEC4101 - Agricultural Marketing Analysis
- AGEC4102 - Agricultural Development Economics
- AGEC4104 - Industrial Organization of Agribusiness
- AGEC4107 - Special Topics
- AGEC4109 - Agricultural Finance and Risk
- AGEC4112 - Research Project A
- AGEC4113 - Research Project B
- AGEC4121 - Research Exercises A
- AGEC4122 - Research Exercises B
- AGEN1001 - Shaping our Landscapes
- AGEN1002 - Sustaining our Landscapes
- AGEX0001 - External Study 1A
- AGEX0002 - External Study 2
- AGEX0011 - External Study 1B
- AGEX0021 - External Study 1C
- AGEX0031 - External Study 1D
- AGRF4000 - Professional Experience
- AGRO3004 - Managing Agro-Ecosystems
- AGRO4003 - Crop and Pasture Agronomy
- AGRO4004 - Sustainable Farming Systems
- AGRO4005 - Livestock Production Systems
- BIOL1001 - Concepts in Biology
- BIOL1002 - Living Systems
- BIOL1003 - Human Biology
- BIOL1902 - Living Systems (Advanced)
- BIOL1903 - Human Biology (Advanced)
- BUSS1030 - Accounting,Business and Society
- CHEM1001 - Fundamentals of Chemistry 1A
- CHEM1002 - Fundamentals of Chemistry 1B
- CHEM1101 - Chemistry 1A
- CHEM1102 - Chemistry 1B
- CHEM1901 - Chemistry 1A (Advanced)
- CHEM1902 - Chemistry 1B (Advanced)
- CLAW1001 - Foundations of Business Law
- CLAW2201 - Corporations Law
- CLAW2202 - Business Failure and Restructuring
- CLAW2203 - Regulation of Capital Markets
- CLAW2204 - Banking and Finance Law
- CLAW2205 - Competition and Consumer Law
- CLAW2207 - Business,Ethics and the Law
- CLAW2208 - Business Regulation,Risk and Compliance
- CLAW2209 - Intellectual Property for Business
- CLAW3201 - Australian Taxation System
- CLAW3202 - Tax Strategies for Business
- CLAW3204 - Capital Raising and Management
- CLAW3206 - Regulation of Mergers and Acquisitions
- CLAW3207 - Employment Regulation for Business
- ECMT1010 - Business and Economic Statistics A
- ECMT1020 - Business and Economic Statistics B
- ECMT2110 - Regression Modelling
- ECMT2130 - Financial Econometrics
- ECMT2901 - Econometrics Exchange
- ECMT2902 - Econometrics Exchange
- ECMT2903 - Econometrics Exchange
- ECMT3110 - Econometric Models and Methods
- ECMT3120 - Applied Econometrics
- ECMT3130 - Forecasting for Economics and Business
- ECMT3150 - The Econometrics of Financial Markets
- ECMT3901 - Econometrics Exchange
- ECMT3902 - Econometrics Exchange
- ECMT3903 - Econometrics Exchange
- ECON1001 - Introductory Microeconomics
- ECON1002 - Introductory Macroeconomics
- ECOS1551 - Economics Exchange
- ECOS2001 - Intermediate Microeconomics
- ECOS2002 - Intermediate Macroeconomics
- ECOS2201 - Economics of Competition and Strategy
- ECOS2551 - Economics Exchange
- ECOS2552 - Economics Exchange
- ECOS2901 - Intermediate Microeconomics Honours
- ECOS2902 - Intermediate Macroeconomics Honours
- ECOS2903 - Mathematical Economics A
- ECOS3002 - Development Economics
- ECOS3003 - Hierarchies,Incentives & 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
- ECOS3020 - Special Topic in Economics
- ECOS3551 - Economics Exchange
- ECOS3552 - Economics Exchange
- ECOS3553 - Economics Exchange
- ECOS3554 - Economics Exchange
- ECOS3901 - Advanced Microeconomics Honours
- ECOS3902 - Advanced Macroeconomics Honours
- ENVI3111 - Environmental Law and Ethics
- ENVI3112 - Environmental Assessment
- ENVI3114 - Energy and the Environment
- ENVX2001 - Applied Statistical Methods
- ENVX3001 - Environmental GIS
- ENVX3002 - Statistics in the Natural Sciences
- ENVX4001 - GIS,Remote Sensing and Land Management
- FINC2011 - Corporate Finance I
- FINC2012 - Corporate Finance II
- FINC3011 - International Financial Management
- FINC3012 - Derivative Securities
- FINC3013 - Mergers and Acquisitions
- FINC3014 - Trading and Dealing in Security Markets
- FINC3015 - Financial Valuation: Case Study Approach
- FINC3017 - Investments and Portfolio Management
- FINC3018 - Bank Financial Management
- FINC3022 - Alternative Investments
- FINC3023 - Behavioural Finance
- GEOL1501 - Engineering Geology 1
- GEOL4011 - Geology Honours A
- GEOL4012 - Geology Honours B
- GEOL4013 - Geology Honours C
- GEOL4014 - Geology Honours D
- GEOS1001 - Earth,Environment and Society
- GEOS1002 - Introductory Geography
- GEOS1003 - Introduction to Geology
- GEOS1901 - Earth,Environment and Society Advanced
- GEOS1902 - Introductory Geography (Advanced)
- GEOS1903 - Introduction to Geology (Advanced)
- GEOS2111 - Natural Hazards: a GIS Approach
- GEOS2114 - Volcanoes,Hot Rocks and Minerals
- GEOS2121 - Environmental and Resource Management
- GEOS2124 - Fossils and Tectonics
- GEOS2911 - Natural Hazards: a GIS Approach Advanced
- GEOS2914 - Volcanoes,Hot Rocks and Minerals Adv
- GEOS2921 - Environmental & Resource Management Adv
- GEOS2924 - Fossils and Tectonics (Advanced)
- GEOS3008 - Field Geology
- GEOS3009 - Coastal Environments and Processes
- GEOS3014 - GIS in Coastal Management
- GEOS3053 - Southeast Asia Field School
- GEOS3908 - Field Geology (Adv)
- GEOS3909 - Coastal Environments and Processes (Adv)
- GEOS3914 - GIS in Coastal Management (Advanced)
- GEOS3953 - Southeast Asia Field School (Adv)
- GOVT1001 - Government Exchange
- GOVT1101 - Australian Politics
- GOVT1105 - Geopolitics
- GOVT1202 - World Politics
- GOVT1881 - Government Exchange
- GOVT1882 - Government Exchange
- GOVT2114 - The Australian Political Party System
- GOVT2119 - Southeast Asia: Dilemmas of Development
- GOVT2221 - Politics of International Economic Rels
- GOVT2225 - International Security in 21st Century
- GOVT2228 - Environmental Politics
- GOVT2336 - Gender and Human Rights
- GOVT2424 - Politics of China
- GOVT2442 - Comparative Politics of Ethnic Conflict
- GOVT2445 - American Politics and Foreign Policy
- GOVT2603 - Media Politics
- GOVT2611 - Capitalism and Democracy in East Asia
- GOVT2881 - Government Exchange
- GOVT2882 - Government Exchange
- GOVT2883 - Government Exchange
- GOVT2884 - Government Exchange
- GOVT2885 - Government Exchange
- GOVT2991 - Political Analysis
- GOVT3993 - Power
- GOVT3994 - Research Preparation
- INFS1000 - Digital Business Innovation
- INFS2001 - IS for Performance Improvement
- INFS2010 - People,Information and Knowledge
- INFS2020 - Business Process Modelling & Improvement
- INFS2030 - e-Business Management
- INFS3030 - Information Protection and Assurance
- INFS3040 - Enterprise Systems & Integrated Business
- INFS3050 - Business Intelligence for Managers
- INFS3060 - Managing Digital Innovation Projects
- INFS3070 - Business Analysis in Practice
- LWSC2002 - Introductory Hydrology
- LWSC3005 - Environmental Water Quality
- MATH1001 - Differential Calculus
- MATH1002 - Linear Algebra
- MATH1003 - Integral Calculus and Modelling
- MATH1004 - Discrete Mathematics
- MATH1005 - Statistics
- MATH1011 - Applications of Calculus
- MATH1013 - Mathematical Modelling
- MATH1015 - Biostatistics
- MATH1901 - Differential Calculus (Advanced)
- MATH1902 - Linear Algebra (Advanced)
- MATH1903 - Integral Calculus and Modelling Advanced
- MATH1905 - Statistics (Advanced)
- MATH1906 - Mathematics (Special Studies Program) A
- MATH1907 - Mathematics (Special Studies Program) B
- MATH2061 - Linear Mathematics and Vector Calculus
- MATH2065 - Partial Differential Equations (Intro)
- MATH2070 - Optimisation and Financial Mathematics
- MATH3061 - Geometry and Topology
- MATH3063 - Differential Equations and Biomaths
- MATH3065 - Logic and Foundations
- MATH3068 - Analysis
- MATH3075 - Financial Mathematics
- MATH3076 - Mathematical Computing
- MATH3078 - PDEs and Waves
- MKTG1001 - Marketing Principles
- MKTG2112 - Consumer Behaviour
- MKTG2113 - Marketing Research
- MKTG3110 - Electronic Marketing
- MKTG3112 - Marketing Communications
- MKTG3114 - New Products Marketing
- MKTG3116 - International Marketing
- MKTG3117 - Services Marketing
- MKTG3118 - Marketing Strategy and Planning
- MKTG3119 - Public Relations Management
- MKTG3120 - Building and Managing Brands
- MKTG3121 - Advertising: Creative Principles
- PLNT2001 - Plant Biochemistry and Molecular Biology
- PLNT2003 - Plant Form and Function
- PLNT2901 - Plant Biochem & Molecular Biology (Adv)
- PLNT3001 - Plant,Cell and Environment
- PLNT3002 - Plant Growth and Development
- PLNT3901 - Plant,Cell and Environment (Advanced)
- PLNT3902 - Plant Growth and Development (Advanced)
- PSYC1001 - Psychology 1001
- PSYC1002 - Psychology 1002
- PSYC2011 - Brain and Behaviour
- PSYC2012 - Statistics & Research Methods for Psych
- PSYC2013 - Cognitive and Social Psychology
- PSYC2014 - Personality and Intelligence 1
- PSYC2911 - Brain and Behaviour (Advanced)
- PSYC3010 - Advanced Statistics for Psychology
- PSYC3011 - Learning and Behaviour
- PSYC3012 - Cognition,Language and Thought
- PSYC3013 - Perceptual Systems
- PSYC3014 - Behavioural and Cognitive Neuroscience
- PSYC3015 - Personality and Intelligence 2
- PSYC3016 - Developmental Psychology
- PSYC3017 - Social Psychology
- PSYC3018 - Abnormal Psychology
- RSEC2031 - Resource Economics
- RSEC4131 - Benefit-Cost Analysis
- RSEC4132 - Environmental Economics
- RSEC4134 - Economics of Water & Bio-resources
- RSEC4141 - Resource Economics Project A
- RSEC4142 - Resource Economics Project B
- SOIL2003 - Soil Properties and Processes
- SOIL2004 - The Soil Resource
- SOIL3009 - Contemporary Field and Lab Soil Science
- STAT2011 - Statistical Models
- STAT2012 - Statistical Tests
- STAT3011 - Stochastic Processes and Time Series
- STAT3012 - Applied Linear Models
- STAT3013 - Statistical Inference
- STAT3014 - Applied Statistics
- WORK1003 - Foundations of Work and Employment
- WORK2201 - Foundations of Management
- WORK2203 - Industrial Relations Policy
- WORK2205 - Human Resource Processes
- WORK2209 - Organisational Analysis and Behaviour
- WORK2210 - Strategic Management
- WORK2211 - Human Resource Strategies
- WORK2215 - IR and HRM Practice
- WORK2217 - International Human Resource Management
- WORK2218 - People and Organisations
- WORK2219 - Management and Organisational Ethics
- WORK2221 - Organisational Communication
- WORK2225 - Work and Social Change
- WORK2226 - Institutions at Work
- WORK3922 - Researching Work and Organisations
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 and, for students who have commenced their candidature since March 2009, is a requirement of a compulsory 6 cp unit of study credited to their fourth year of study. 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 in excess of 5000 providers for professional experience to assist students. 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 http://sydney.edu.au/agriculture/future_postgraduates/coursework_degrees/master_of_agriculture.shtml]. Our research nexus includes the Plant Breeding Institute, the Precision Agriculture Laboratory , the SUNFix Centre for Nitrogen Fixation , and the Institute for Sustainable Solutions . 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 Admission 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 2013 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 2012 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 2013, 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.