Economics

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. This is reflected in our degrees, which promote a deep understanding of the key concepts of economics with a focus on contemporary issues of Australian and international importance. Our graduates are leaders in their fields – at the Reserve Bank, Treasury and other government departments, in global financial institutions, and with international agencies and NGOs. They also go on to further study at some of the finest institutions in the world.

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.

Requirements for a major in Economics

Note. These requirements are for students enrolled in the Bachelor of Commerce and related combined degrees and the Bachelor of Commerce (Liberal Studies).

For the award of a major in Economics, students complete:

1. 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.

+ Students enrolled in the Bachelor of Commerce and related combined degrees must complete BUSS1020 and BUSS1040 as they are core units for their programs rather than the ECMT and ECON alternatives.

2. Six senior units of study (36 credit points), comprising:

(i) two compulsory units of study (12 credit points), as follows:

  • ECOS2001 Intermediate Microeconomics; OR ECOS2901 Intermediate Microeconomics Honours
  • ECOS2002 Intermediate Macroeconomics; OR ECOS2902 Intermediate Macroeconomics Honours.

(ii) a minimum of four senior elective units of study (24 credit points), with a least three at 3000-level (18 credit points), selected from the following options:

  • 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
  • ECOS3013 Economics of the Environment
  • 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
  • ECOS3902 Advanced Macroeconomics
  • ECOS3903 Applied Microeconomics Honours
  • ECOS3904 Applied Macroeconomics Honours.

* Not offered for 2014.

Please check the Units of study for details of the unit prerequisites, corequisites and other requirements.

Junior elective units of study

The following junior Economics units of study can be completed as electives within many Business School programs (Note: These units are not prerequisites for an Economics major).

  • ECON1003 Quantitative Methods in Economics
  • ECON1005 The Australian Economy.