Table of postgraduate units of study: Commerce

The units of study listed under the following subject areas are those available for the current year and were approved for each specialisation at the time of publication. Students may also include any units of study, which are additional to those currently listed, which appear under these subject areas in the Business School handbook/website in subsequent years. The availability of units of study may change and students should check the University of Sydney website (sydney.edu.au/courses) regularly as it contains the most up to date information on unit of study availability. Students should refer to the Business School website for timetabling information for each unit of study, which is currently offered.

1. Core unit of study

Students enrolled in the Master of Commerce and Graduate Diploma in Commerce must complete the core unit of study listed in the following table in their first semester of study.

Students enrolled in the Graduate Certificate in Commerce may choose this unit as an elective for their course. Upon upgrade to the Graduate Diploma or Master's degree, students may then be required to complete the core unit listed for these courses if they have not already done so.

Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session
BUSS5020
Business Insights
6      Semester 1
Semester 2

2. Foundational units of study

Students enrolled in the Commerce programs select foundational units of study as follows:

  • Master of Commerce: 12 to 36 credit points (two to six units)
  • Graduate Diploma in Commerce: 12 to 18 credit points (two to three units)
  • Graduate Certificate in Commerce: 12 to 18 credit points (two to three units)

The available foundational units of study are listed in the following table:

Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session
ACCT5001
Accounting Principles
6      Semester 1
Semester 2
CLAW5001
Legal Environment of Business
6      Semester 1
Semester 2
ECON5040
Microeconomics for Business
6    N ECON5001
Semester 1
Semester 2
FINC5001
Capital Markets and Corporate Finance
6      Intensive January
Semester 1
Semester 2
IBUS5002
Strategy, Innovation and Entrepreneurship
6    N IBUS5001
Semester 1
Semester 2
IBUS5003
Global Business
6    N IBUS5001
Intensive February
Semester 1
Semester 2
INFS5001
Project Management
6    N INFS6014
Intensive January
Semester 1
Semester 2
INFS5002
Digital Business Foundations
6    N INFS6001
Semester 1
Semester 2
ITLS5000
Foundations of Supply Chain Management
6    N TPTM6155 or TPTM5001
Semester 1
Semester 2
ITLS5100
Transport and Infrastructure Foundations
6    N TPTM6241


This is the foundation unit for all transport and infrastructure management programs and should be completed in the first period of study.
Semester 1
Semester 2
MKTG5001
Marketing Principles
6      Semester 1
Semester 2
QBUS5001
Quantitative Methods for Business
6    A Basic calculus; basic concepts of probability & statistics
N ECMT5001 or QBUS5002
Semester 1
Semester 2
WORK5003
Management and Organisations
6      Semester 1
Semester 2

3. Capstone unit of study (Master's degree only)

Students enrolled in the Master of Commerce complete the capstone unit in the following table.

The capstone unit, BUSS6000, is completed in a student's final semester of study.

Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session
BUSS6000
Succeeding in Business
6    P Students must complete this unit in their final semester of study (full-time students will have completed a minimum of 72 credit points from PG study and part-time students will have completed a minimum of 84 credit points from PG study)

Note: Department permission required for enrolment

Intensive January
Intensive July
Semester 1
Semester 2

4. Areas of Specialisation

Students in the Master of Commerce choose their specialisation/s and electives from the following subject areas.

Students in the Graduate Diploma and Graduate Certificate in Commerce select their elective units of study from the following subject areas.

Note: Non-foundational (advanced) units of study can only be used to meet the requirements for a single specialisation (i.e. cannot be counted towards two separate specialisations). For example, FINC6001 cannot be counted towards both a Finance and Banking specialisation.

Accounting

The Accounting specialisation equips students with an in depth understanding of the current techniques and practices in accounting for use in an executive or managerial position. Students examine key issues relating to financial accounting, management accounting, decision making, audit and assurance, financial statement analysis, accounting systems, corporate governance, sustainability reporting, management control systems and international accounting. With its emphasis on understanding, analysing and interpreting financial and non-financial information for decision making, this specialisation qualifies students in the evaluation of the financial position and performance of companies and their accounting systems, governance and management controls. In addition to giving an important start to professional accreditation, this specialisation prepares students to work either locally or overseas, within an accounting practice or other public and private sector organisations. The Accounting specialisation provides students with strong technical, analytical and problem solving skills, while keeping abreast of contemporary accounting practice.

To be awarded a specialisation in Accounting, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study; and
  2. 24 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

ACCT5001
Accounting Principles
6      Semester 1
Semester 2

Elective units of study

ACCT5002
Managerial Accounting and Decision Making
6    P ACCT5001
Semester 1
Semester 2
ACCT6001
Intermediate Financial Reporting
6    P ACCT5001

Note: Department permission required for enrolment

Intensive February
Semester 1
Semester 2
ACCT6002
International Accounting
6    P ACCT6001
Semester 1
Semester 2
ACCT6003
Fundamental Analysis for Equity Investment
6    A QBUS5001 or QBUS5002
P ACCT5001 and FINC5001


ACCT6003 assumes knowledge of basic statistics and econometrics that are covered in QBUS5001/5002. ACCT6003 requires the analysis of data, transformations, understanding of distributions, expectations, variance, regression analysis, data graphing.
Semester 1
Semester 2
ACCT6006
Advanced Managerial Accounting
6    P ACCT5002
Semester 1
ACCT6007
Contemporary Issues in Auditing
6    P ACCT6001
Semester 1
Semester 2
ACCT6010
Advanced Financial Reporting
6    P ACCT6001
Intensive July
Semester 1
Semester 2
ACCT6014
Designing Accounting Systems
6    P ACCT5001

Note: Department permission required for enrolment

Semester 1
ACCT6101
Special Topic in Accounting
6   
Note: Department permission required for enrolment
Department permission required for enrolment.
Semester 2

For details of the requirements for professional accreditation in accounting, please refer to Professional accounting accreditation.

Aviation and Maritime Management and Logistics

The Aviation and Maritime Management and Logistics specialisation equips students to pursue commercial and employment opportunities within all sectors of the rapidly growing aviation and maritime supply chain. Aviation management students develop an understanding of the economics of airline operations, airports and other aviation entities, and analyse the competitive strategy implications around the development of hubs and networks. Units in this specialisation examine airline strategies, business models, marketing, finance, strategic alliances, mergers and acquisitions, yield/cost management, forecasting, regulation, benchmarking, ancillary revenues, terminal management and cargo logistics, supply-chain management, distribution, international freight transportation, and environment issues. Our strategic partnership with the Centre for Aviation (CAPA) gives our students valuable access to industry databases, company information and aviation contacts and networks. The ports and maritime management area of study covers all aspects of global supply chains from producer, shipper, carrier, stevedore, public authority and investor perspectives. Students analyse the economics, logistics, management, financing, insurance, security and environmental impacts of international supply chains relating to bulk and containerised freight. Units cover industry concepts, quantitative techniques and management methodologies. Presentations by senior managers in the aviation and maritime industry enrich study in this field.

To be awarded a specialisation in Aviation and Maritime Management and Logistics, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 6 credit point in compulsory units of study; and
  3. 18 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

ITLS5100
Transport and Infrastructure Foundations
6    N TPTM6241


This is the foundation unit for all transport and infrastructure management programs and should be completed in the first period of study.
Semester 1
Semester 2

Compulsory unit of study

ITLS6101
Global Freight Logistics Management
6    N TPTM6440
Semester 1

Elective units of study

IBUS6008
Export Management
6      Semester 2
ITLS6301
City and Ports Logistics
6      Summer Main
ITLS6400
Airline Strategy and Supply Chains
6    C ITLS6101
N TPTM6160
Semester 2
ITLS6401
Airport Management
6      Semester 1

Banking

The Banking specialisation provides a detailed examination of the workings of banks and related deposit-taking financial intermediaries in the context of the banking system in particular, and the financial system generally. The core units equip students with an in depth understanding of the structures and functioning of financial institutions, and issues related to banking in a contemporary, globalised economy. As well as developing essential skills and knowledge necessary for bank management, risk assessment and risk management, students are provided with a framework for the analysis and understanding of key aspects of corporate financial decision making, equipping graduates with a well-rounded qualification that is modern, in depth and competitive.

To be awarded a specialisation in Banking, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational unit of study;
  2. 18 credit points in compulsory units of study; and
  3. 6 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

FINC5001
Capital Markets and Corporate Finance
6      Intensive January
Semester 1
Semester 2

Compulsory units of study

BANK6002
Bank Management
6    C FINC5001
Semester 1
Semester 2
BANK6003
Global Supervision of Bank Risks
6    C FINC5001
Semester 1
Semester 2
BANK6005
International Banking
6    C FINC5001
Semester 1
Semester 2

Elective units of study

ACCT6003
Fundamental Analysis for Equity Investment
6    A QBUS5001 or QBUS5002
P ACCT5001 and FINC5001


ACCT6003 assumes knowledge of basic statistics and econometrics that are covered in QBUS5001/5002. ACCT6003 requires the analysis of data, transformations, understanding of distributions, expectations, variance, regression analysis, data graphing.
Semester 1
Semester 2
CLAW6031
International Financial Crime
6      Semester 2
FINC6001
Intermediate Corporate Finance
6    P FINC5001
Intensive January
Semester 1
Semester 2
FINC6007
Financial Strategy
6    P FINC5001
Semester 2
FINC6009
Portfolio Theory and its Applications
6    P FINC5001 or FINC5002 or FINC6000
Semester 2
FINC6010
Derivative Securities
6    P FINC5001
Semester 1
Semester 2
FINC6013
International Business Finance
6    P FINC5001
Semester 1
FINC6014
Fixed Income Securities
6    P FINC5001
Semester 2
FINC6016
Financial Instruments and Markets
6      Semester 2
FINC6017
Mergers and Acquisitions
6    P FINC5001
N ACCT6011
Semester 1
FINC6021
Corporate Valuation
6    P FINC5001
Semester 1
Semester 2
FINC6023
Financial Risk Management
6    P FINC5001
Semester 1
FINC6024
Real Estate Finance and Investment
6    P FINC5001
Semester 1

Big Data in Business

The Big Data in Business specialisation is designed to provide students with specialised training in the areas of big data and analytics in order to succeed and thrive in today's business world. The specialisation is comprised of units of study offered by the Disciplines of Business Analytics, Business Information Systems, Marketing and the Institute of Transport and Logistics Studies that specifically explore the application of big data, as well as for their focus and emphasis on dealing with big data, as well as associated analytical tools and technologies, to help solve real business problems and make effective business decisions.

To be awarded a specialisation in Big Data in Business, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 6 credit points in compulsory units of study; and
  3. 18 credit points in elective units of study
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational units of study

QBUS5001
Quantitative Methods for Business
6    A Basic calculus; basic concepts of probability & statistics
N ECMT5001 or QBUS5002
Semester 1
Semester 2

Compulsory units of study

BUSS6002
Data Science in Business
6      Semester 1
Semester 2

Elective units of study

INFS6018
Managing Business Intelligence
6    A Understanding the major functions of a business and how those business functions interact internally and externally so the company can be competitive in a changing market. How information systems can be used and managed in a business. How to critically analyse a business and determine its options for transformation. (ii) Desirable Experience as a member of a project team.
Semester 1
INFS6023
Data Visualisation
6      Semester 2
ITLS6107
Applied GIS and Spatial Data Analytics
6    N TPTM6180


This unit assumes no prior knowledge of GIS; the unit is hands-on involving the use of software, which students will be trained in using.
Semester 2
MKTG6001
Marketing Research Concepts
6      Semester 1
MKTG6018
Customer Analytics and Relationship Management
6      Semester 2
QBUS6810
Statistical Learning and Data Mining
6    P ECMT5001 or QBUS5001
Semester 1
Semester 2
QBUS6840
Predictive Analytics
6    P QBUS5001 or ECMT5001
Semester 1
QBUS6850
Machine Learning for Business
6    P QBUS6810
Semester 2
QBUS6860
Visual Data Analytics
6    A The unit assumes knowledge of statistics and confidence in working with data.
P QBUS5001 or QBUS5002

Note: Department permission required for enrolment

Semester 2

Business Analytics

The Business Analytics specialisation enables students to master the tools of quantitative analysis and apply them in a business setting. This involves building models of business problems and analysing business data. In today's business environment, there are often great amounts of data available, but few people with the skills to realise its profit potential. This specialisation provides opportunities to apply sophisticated analytical approaches in many different functional areas, such as in accounting, marketing, finance and operations.

To be awarded a specialisation in Business Analytics, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study; and
  2. 24 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

QBUS5001
Quantitative Methods for Business
6    A Basic calculus; basic concepts of probability & statistics
N ECMT5001 or QBUS5002
Semester 1
Semester 2

Elective units of study

QBUS6310
Business Operations Analysis
6    P ECMT5001 or QBUS5001 or QBUS5002
N ECMT6008
Semester 2
QBUS6320
Management Decision Making
6    N ECOF6070 or ECOF5804 or ECMT6310 or ECMT5003
Semester 1
Semester 2
QBUS6810
Statistical Learning and Data Mining
6    P ECMT5001 or QBUS5001
Semester 1
Semester 2
QBUS6820
Business Risk Management
6    A Knowledge of basic probability theory and familiarity with spreadsheet modelling
P ECMT5001 or QBUS5001
Semester 2
QBUS6830
Financial Time Series and Forecasting
6    A Basic knowledge of quantitative methods including statistics, basic probability theory, and introductory regression analysis.
P ECMT5001 or QBUS5001
Semester 1
QBUS6840
Predictive Analytics
6    P QBUS5001 or ECMT5001
Semester 1
QBUS6850
Machine Learning for Business
6    P QBUS6810
Semester 2
INFS6018
Managing Business Intelligence
6    A Understanding the major functions of a business and how those business functions interact internally and externally so the company can be competitive in a changing market. How information systems can be used and managed in a business. How to critically analyse a business and determine its options for transformation. (ii) Desirable Experience as a member of a project team.
Semester 1

Business Economics

Through the Business Economics specialisation, students build a strong understanding of the economic analysis of business decision-making and the economic environment in which businesses operate. The specialisation covers core microeconomic principles with applications to business behaviour, and the analysis of theories explaining trends in critical macroeconomic variables including long-run economic growth, inflation and the exchange rate. The specialisation builds on these fundamental economic insights to give students a deep understanding of strategic business behaviour, of financial and foreign exchange markets, and of how government policy can influence and constrain business decision-making.

To be awarded a specialisation in Business Economics, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 6 credit points in compulsory units of study; and
  3. 18 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

ECON5040
Microeconomics for Business
6    N ECON5001
Semester 1
Semester 2

Compulsory units of study

ECON5002
Macroeconomic Theory
6    N ECON5003
Intensive January
Semester 1
Semester 2

Elective units of study

ECON5004
Communication in Economics
6      Semester 1
Semester 2
ECON5006
Economics of Law and Public Policy
6      Semester 2
ECON5007
The Economics of Financial Markets
6    P ECON5001 or ECON5040
Semester 2
ECON5026
Strategic Business Relationships
6      Semester 2
ECON6008
International Money and Finance
6    P ECON5002
Semester 2
ECON6016
Trade and Development
6    P ECON5001 or ECON5002 or ECON5040
Semester 2
ECON6018
Environmental Economics
6    P ECON5001 or ECON5040
Semester 1
ECON6024
Private Equity
6    P ECON5001 or ECON5040
Semester 1
ECON6029
Health Economics and Policy Evaluation
6    P (ECON5001 or ECON5040) and ECMT5001
Semester 2
ECMT5001
Principles of Econometrics
6      Semester 1
Semester 2

Business Information Systems

The specialisation in Business Information Systems covers the application of modern digital technologies in the business domain. Students acquire the skills and techniques to carry out effective business analysis with a view to improving business operations through the application of business information systems. The specialisation also enables students to gain an understanding of the role of business information systems in facilitating business transformation and implementing digital business models in increasingly competitive market environments. Units of study in this area cover business process integration, enterprise systems, information governance, and business transformation.

To be awarded a specialisation in Business Information Systems, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study; and
  2. 24 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

INFS5002
Digital Business Foundations
6    N INFS6001
Semester 1
Semester 2

Elective units of study

INFS6002
Strategic Information Systems Sourcing
6    A Basic business information systems knowledge
Semester 2
INFS6004
Business Transformation Projects
6    A Understanding the major functions of a business and how those business functions interact internally and externally so the company can be competitive in a changing market. How Information Systems can be used and managed in a business. How to critically analyse a business and determine its options for transformation. Desirable Experience as a member of a project team.
Semester 1
INFS6012
Enterprise Systems Management
6      Semester 2
INFS6015
Business Process Management
6      Semester 2
INFS6016
Technology Enabled Business Innovation
6    A INFS6004 and; Understanding the major functions of a business and how those business functions interact internally and externally so the company can be competitive in the market is essential in order to critically analyse how and where a business can be innovative. Some knowledge of how technology can be applied in a business is also essential. Experience as a member of a project team is desirable.
Semester 2
INFS6018
Managing Business Intelligence
6    A Understanding the major functions of a business and how those business functions interact internally and externally so the company can be competitive in a changing market. How information systems can be used and managed in a business. How to critically analyse a business and determine its options for transformation. (ii) Desirable Experience as a member of a project team.
Semester 1
INFS6023
Data Visualisation
6      Semester 2
INFS6032
Agile Project Management
6      Semester 2

Business Law

The Business Law specialisation enables students to develop a sound understanding of the impact of commercial law on business activity. Students learn to recognise potential legal problems and work in house on their solution, as well as identify when to seek expert advice and maximise interactions with the legal profession. The emphasis throughout the specialisation is on the legal problems likely to be encountered by graduates in their future careers. This specialisation adds value to any business graduate by providing a framework of legal knowledge. Business law has always been an important part of the professional education of accountants (the units are accredited for accounting purposes) and study in this area complements specialisations in other business or finance-related fields.

To be awarded a specialisation in Business Law, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 6 credit points in compulsory units of study; and
  3. 18 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

CLAW5001
Legal Environment of Business
6      Semester 1
Semester 2

Compulsory units of study

CLAW6002
Corporate Structures in Practice
6    P CLAW5001
Semester 1
Semester 2

Elective units of study

CLAW6007
Issues in Law and International Business
6    P CLAW5001
Semester 2
CLAW6026
Taxation Law and Practice
6    P CLAW5001
N CLAW5002
Semester 1
Semester 2
CLAW6030
China's Legal Environment for Business
6      Semester 1
CLAW6031
International Financial Crime
6      Semester 2
CLAW6032
Regulating Innovation and Distribution
6      Semester 2
CLAW6033
International Business Tax Strategy
6      Semester 1
CLAW6034
Commercial Property Law
6      Semester 1

Business Sustainability

The Business Sustainability specialisation allows students to tailor their focus on sustainability around a range of possible foci, including sustainable business growth, sustainable transport, energy, social sustainability and corporate environmentalism and the business implications of climate change. The Business Sustainability specialisation provides students with expertise to identify the risks to, and opportunities for, value creation given rapidly changing regulatory regimes, social attitudes and environmental challenges. An understanding of sustainability is therefore a key competency for successful business graduates in an era of significant regulatory and market change (e.g. carbon emissions pricing, sustainability corporate rankings, reputational risks).

To be awarded a specialisation in Business Sustainability, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;*
  2. 6 credit points in compulsory units of study; and
  3. 18 credit points in elective units of study.

*Students can complete any available foundational unit of study to meet this requirement.

Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational units of study

Students can select any foundational unit for this specialisation.

Compulsory units of study

WORK6033
Organisational Sustainability
6    N ECOF6110 or CLAW6028
Semester 1

Elective units of study

IBUS6012
Business Innovation and Sustainability
6    A IBUS5002, or completion of at least 24 credit points
Semester 1
INFS6022
Systemic Sustainable Development
6    A Understanding the major functions of a business and how those business functions interact internally and externally so the company can be competitive in a changing market. How information systems can be used and managed in a business. How to critically analyse a business and determine its option for transformation. Desirable Experience as a member of a project team.
Semester 1
ITLS6008
Production and Operations Management
6    C ITLS5000
Semester 2
ITLS6103
Sustainable Transport Policy
6      Semester 1
PHYS5031
Ecological Econ and Sustainable Analysis
6      Semester 1
PHYS5032
Techniques for Sustainability Analysis
6   

Minimum class size of 5 students.
Semester 1
Semester 2

Finance

The Finance specialisation provides students with an understanding of the complexities of modern risk management as well as the fundamentals and technical tools for all aspects of finance in a global setting. Units of study cover broking and market making, advanced asset pricing, portfolio theory and applications, derivatives securities, international business finance, fixed interest securities and financial statement analysis, as well as the applications of high level financial theory to understanding mergers and acquisitions and the international market.

To be awarded a specialisation in Finance, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 6 credit points in compulsory units of study; and
  3. 18 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

FINC5001
Capital Markets and Corporate Finance
6      Intensive January
Semester 1
Semester 2

Compulsory units of study

FINC6001
Intermediate Corporate Finance
6    P FINC5001
Intensive January
Semester 1
Semester 2

Elective units of study

CLAW6031
International Financial Crime
6      Semester 2
FINC6000
Quantitative Finance and Derivatives
6    A This unit requires students to have some background in calculus, matrices, statistics and probability.
P FINC5001
N FINC5002
Semester 1
Semester 2
FINC6005
Advanced Asset Pricing
6    P FINC5001 or FINC5002 or FINC6000


Only students with strong quantitative/mathematical skills should attempt this course
Semester 1
FINC6007
Financial Strategy
6    P FINC5001
Semester 2
FINC6009
Portfolio Theory and its Applications
6    P FINC5001 or FINC5002 or FINC6000
Semester 2
FINC6010
Derivative Securities
6    P FINC5001
Semester 1
Semester 2
FINC6013
International Business Finance
6    P FINC5001
Semester 1
FINC6014
Fixed Income Securities
6    P FINC5001
Semester 2
FINC6015
Trading in Securities Markets
6    P FINC5001
Semester 2
FINC6016
Financial Instruments and Markets
6      Semester 2
FINC6017
Mergers and Acquisitions
6    P FINC5001
N ACCT6011
Semester 1
FINC6021
Corporate Valuation
6    P FINC5001
Semester 1
Semester 2
FINC6022
Behavioural Finance
6    P FINC5001
Semester 1
FINC6023
Financial Risk Management
6    P FINC5001
Semester 1
FINC6024
Real Estate Finance and Investment
6    P FINC5001
Semester 1
FINC6025
Entrepreneurial Finance
6    P FINC5001
Semester 1
FINC6101
Special Topic in Finance 1
6    P FINC5001

Note: Department permission required for enrolment

Intensive August
FINC6102
Special Topic in Finance 2
6    P FINC5001

Note: Department permission required for enrolment

Intensive August
Intensive March

For details of requirements for CFA, please refer to Preparation for Certified Financial Advisor (CFA) Exams.

Infrastructure and Transport Management

The Infrastructure and Transport Management specialisation enables students to examine infrastructure and transport from a planning, policy, and management perspective. Major transport links and other key infrastructure such as electricity and communications networks involve multi dollar projects and it is therefore important to understand the travel demands of an economy, to carefully and strategically plan and assess new infrastructure requirements, and efficiently manage and maintain existing assets. In this specialisation students are provided with the theory and tools to be able to successfully plan, assess, manage, and finance large transport and infrastructure projects.

To be awarded a specialisation in Infrastructure and Transport Management, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 6 credit points taken in Table A designated elective units of study;
  3. 6 credit points taken in Table B designated elective units of study; and
  4. 12 credit points in elective units of study taken from Tables A, B, or C.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

ITLS5100
Transport and Infrastructure Foundations
6    N TPTM6241


This is the foundation unit for all transport and infrastructure management programs and should be completed in the first period of study.
Semester 1
Semester 2

Elective units of study - Table A Infrastructure

ITLS6500
Decision Making on Mega Projects
6    C ITLS5000 or TPTM5001 or ITLS5100 or TPTM6241 or INFS5001
Summer Main
ITLS6501
Infrastructure Financing
6      Winter Main

Elective units of study - Table B Transport

ITLS6101
Global Freight Logistics Management
6    N TPTM6440
Semester 1
ITLS6102
Strategic Transport Planning
6    C ITLS5200 or TPTM6495
N TPTM6350
Semester 2
ITLS6103
Sustainable Transport Policy
6      Semester 1
ITLS6107
Applied GIS and Spatial Data Analytics
6    N TPTM6180


This unit assumes no prior knowledge of GIS; the unit is hands-on involving the use of software, which students will be trained in using.
Semester 2

Elective units of study - Table C Other elective options

ITLS5200
Quantitative Logistics and Transport
6    C ITLS5000 or TPTM5001 or ITLS5100 or TPTM6241
N TPTM6495
Semester 1
Semester 2
ITLS6301
City and Ports Logistics
6      Summer Main

International Business

The International Business specialisation is designed to provide students with knowledge and skills relevant to the development, strategy and management of international business organisations and the institutional context for their development, growth and operation. The specialisation encompasses the broad domain of international business studies including multinational and transnational business activities, strategies and managerial processes that cross national boundaries, joint ventures and strategic alliances, mergers and acquisitions, and the interactions of international business organisations with their economic, political and cultural environments.

To be awarded a specialisation in International Business, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 12 credit points in compulsory units of study; and
  3. 12 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

IBUS5003
Global Business
6    N IBUS5001
Intensive February
Semester 1
Semester 2

Compulsory units of study

IBUS6001
International Business Strategy
6    C IBUS5003
N ECHS6008
Intensive February
Semester 1
Semester 2
IBUS6002
Cross-Cultural Management
6      Semester 1
Semester 2

Elective units of study

ACCT6002
International Accounting
6    P ACCT6001
Semester 1
Semester 2
CLAW6007
Issues in Law and International Business
6    P CLAW5001
Semester 2
CLAW6030
China's Legal Environment for Business
6      Semester 1
CLAW6033
International Business Tax Strategy
6      Semester 1
FINC6013
International Business Finance
6    P FINC5001
Semester 1
IBUS6003
Managing International Risk
6      Semester 1
IBUS6004
International Business Alliances
6      Semester 2
IBUS6005
Ethical International Business Decisions
6      Semester 1
IBUS6006
Comparative International Management
6      Semester 2
IBUS6007
International Business Special Project
6   
Note: Department permission required for enrolment

Semester 1
Semester 2
IBUS6008
Export Management
6      Semester 2
IBUS6018
Business Negotiations
6   

Note: this unit requires participation in a number of negotiations. Preparation for these negotiations, which are a large part of the grade, will require time-pressured reading of material in class.
Semester 1
Semester 2
IBUS6019
Strategy and Emerging Markets
6      Semester 1
IBUS6020
Enterprise Management in China
6    N CHSC6902
Semester 1
IBUS6022
Business and Management in India
6      Semester 2
MKTG6013
International and Global Marketing
6    P MKTG5001
Semester 1
Semester 2

Logistics and Supply Chain Management

The Logistics and Supply Chain Management specialisation is designed for students who want develop careers in the fields of logistics and supply chain management, as well as for those currently working in these areas. The emphasis of this specialisation is on the operations and logistics functions in companies that source, produce, distribute and market nationally and internationally and the management of supply chains. Students are provided with a solid grounding in the concepts, techniques and principles that underlie logistics and supply chain management and discuss these issues from a managerial, practice-oriented perspective. Graduates develop skills in design and management of global supply chains, production planning and control, sourcing and supplier management, warehouse and inventory management, supply chain risk analysis, and logistics and supply chain implementation challenges facing Australian and international businesses.

To be awarded a specialisation in Logistics and Supply Chain Management, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study; and
  2. 24 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

ITLS5000
Foundations of Supply Chain Management
6    N TPTM6155 or TPTM5001
Semester 1
Semester 2

Elective units of study

ITLS5200
Quantitative Logistics and Transport
6    C ITLS5000 or TPTM5001 or ITLS5100 or TPTM6241
N TPTM6495
Semester 1
Semester 2
ITLS6002
Supply Chain Planning and Design
6    P ITLS5200 or TPTM6495 or STAT5002
C ITLS5000 or TPTM6495
N TPTM6190
Semester 1
Semester 2
ITLS6003
Contemporary Procurement
6    A Basic ability to work with Excel is assumed.
C ITLS5200 or QBUS5001
N TPTM6400
Semester 1
Semester 2
ITLS6007
Disaster Relief Operations
6    N TPTM6390
Winter Main
ITLS6008
Production and Operations Management
6    C ITLS5000
Semester 2
ITLS6101
Global Freight Logistics Management
6    N TPTM6440
Semester 1
ITLS6107
Applied GIS and Spatial Data Analytics
6    N TPTM6180


This unit assumes no prior knowledge of GIS; the unit is hands-on involving the use of software, which students will be trained in using.
Semester 2

Marketing

The Marketing specialisation offers exciting opportunities for research, theory and strategy in all aspects of business and organisation. The specialisation builds on basic marketing principles to give students leading edge knowledge in marketing strategy and planning. Various ways in which marketing influences business and its performance, including market research, communications, consumer behaviour, customer analytics and the development and marketing of new products, are critically examined.

To be awarded a specialisation in Marketing, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 6 credit points in compulsory units of study; and
  3. 18 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

MKTG5001
Marketing Principles
6      Semester 1
Semester 2

Compulsory units of study

MKTG6007
Consumer Behaviour
6    P MKTG5001
Semester 1
Semester 2

Elective units of study

CLAW6032
Regulating Innovation and Distribution
6      Semester 2
MKTG6001
Marketing Research Concepts
6      Semester 1
MKTG6003
Marketing Strategy
6    P MKTG5001
Semester 2
MKTG6004
New Product Development
6    P MKTG5001
Semester 1
Semester 2
MKTG6005
Marketing Communications
6    P MKTG5001
Intensive March
MKTG6006
Creative Communications in Marketing
6    P MKTG5001
Semester 2
MKTG6013
International and Global Marketing
6    P MKTG5001
Semester 1
Semester 2
MKTG6015
Digital and Social Media Marketing
6    P MKTG5001
Semester 2
MKTG6016
Brand Management
6    P MKTG5001
Semester 1
MKTG6018
Customer Analytics and Relationship Management
6      Semester 2
MKTG6020
Business Marketing
6    P MKTG5001
Semester 1
MKTG6104
The Psychology of Business Decisions
6    N MKTG5002
Semester 2

People, Management and Organisations

The specialisation in People, Management and Organisations encompasses the basic functions and processes of management whilst providing opportunities to focus on organisational behaviour, human resource management, organisational change, communication, sustainable business practice, diversity and industrial relations. Effectively managing people and organisational change are key attributes of successful businesses.

To be awarded a specialisation in People, Management and Organisations, students must complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study; and
  2. 24 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

WORK5003
Management and Organisations
6      Semester 1
Semester 2

Elective units of study

WORK6001
Organisational Analysis and Behaviour
6      Semester 1
WORK6002
Strategic Management
6      Semester 1
Semester 2b
WORK6012
Industrial Relations Policy
6      Intensive October
WORK6017
Human Resource Strategies
6   

Core unit for the MHRM and IR
Semester 1
Semester 2
WORK6018
International Industrial Relations
6      Semester 1
WORK6026
Organisational Change and Development
6      Semester 1
WORK6030
Performance and Rewards
6      Semester 2b
WORK6033
Organisational Sustainability
6    N ECOF6110 or CLAW6028
Semester 1
WORK6108
International Dimensions of HRM
6      Semester 2
WORK6115
Managing Diversity at Work
6      Semester 2a
WORK6116
Employment and the Law
6   

This unit is not available for students enrolled in the Master of Labour Law Relations
Semester 1a
Semester 2
WORK6118
Managing Communication in Organisations
6    N ECOF6030 or ECOF6040
Semester 1
WORK6120
Research Essay
6   
Note: Department permission required for enrolment
Available only to students who have achieved 75% or better in at least four WORK (or equivalent) units studied; and have the Discipline's permission to take the unit.
Semester 1
Semester 2
WORK6130
Leadership in Organisations
6    N ECOF5807 or ECOF6090
Semester 1

Project Management

The Project Management specialisation equips students to understand and apply established and new orientations of project-based work in organisations. Core skills involving ten knowledge areas from the Project Management Body of Knowledge (PMBoK, Project Management Institute) are developed as students are exposed to contemporary project management trends and challenges. By utilising theoretical and skills-based learning, the specialisation covers a range of project management approaches from structured (e.g. PMBoK, PRINCE2) to adaptive (e.g. Agile, Lean), across a variety of contexts. The specialisation includes the compulsory ‘Project Management in Practice’ unit, which emphasises how project management approaches are currently applied in industry.

To be awarded a specialisation in Project Management, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 6 credit points in compulsory units of study; and
  3. 18 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational unit of study

INFS5001
Project Management
6    N INFS6014
Intensive January
Semester 1
Semester 2

Compulsory units of study

INFS6030
Project Management in Practice
6    P INFS5001


This is a compulsory unit for the Project Management Specialisation in the Master of Commerce program.
Semester 2

Elective units of study

IBUS6002
Cross-Cultural Management
6      Semester 1
Semester 2
INFS6004
Business Transformation Projects
6    A Understanding the major functions of a business and how those business functions interact internally and externally so the company can be competitive in a changing market. How Information Systems can be used and managed in a business. How to critically analyse a business and determine its options for transformation. Desirable Experience as a member of a project team.
Semester 1
INFS6032
Agile Project Management
6      Semester 2
ITLS6500
Decision Making on Mega Projects
6    C ITLS5000 or TPTM5001 or ITLS5100 or TPTM6241 or INFS5001
Summer Main
MKTG6004
New Product Development
6    P MKTG5001
Semester 1
Semester 2
QBUS6320
Management Decision Making
6    N ECOF6070 or ECOF5804 or ECMT6310 or ECMT5003
Semester 1
Semester 2
WORK6118
Managing Communication in Organisations
6    N ECOF6030 or ECOF6040
Semester 1

Quantitative Finance

The Quantitative Finance specialisation is designed for students who want to apply quantitative methods of analysis within a financial context. The specialisation introduces many of the theoretical and analytical tools that are important in modern finance. Students learn techniques for analysing financial data and also the skills needed to build and use models for financial forecasting and decision making. There is an emphasis on spreadsheet methods that can be applied in practice.

To be awarded a specialisation in Quantitative Finance, students complete 36 credit points in units of study from the following table, comprising:

  1. 12 credit points in foundational units of study;
  2. 12 credit points in compulsory units of study; and
  3. 12 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational units of study

FINC5001
Capital Markets and Corporate Finance
6      Intensive January
Semester 1
Semester 2
QBUS5001
Quantitative Methods for Business
6    A Basic calculus; basic concepts of probability & statistics
N ECMT5001 or QBUS5002
Semester 1
Semester 2

Compulsory units of study

FINC6000
Quantitative Finance and Derivatives
6    A This unit requires students to have some background in calculus, matrices, statistics and probability.
P FINC5001
N FINC5002
Semester 1
Semester 2
QBUS6830
Financial Time Series and Forecasting
6    A Basic knowledge of quantitative methods including statistics, basic probability theory, and introductory regression analysis.
P ECMT5001 or QBUS5001
Semester 1

Elective units of study

FINC6005
Advanced Asset Pricing
6    P FINC5001 or FINC5002 or FINC6000


Only students with strong quantitative/mathematical skills should attempt this course
Semester 1
FINC6009
Portfolio Theory and its Applications
6    P FINC5001 or FINC5002 or FINC6000
Semester 2
FINC6014
Fixed Income Securities
6    P FINC5001
Semester 2
FINC6023
Financial Risk Management
6    P FINC5001
Semester 1

Strategy, Innovation and Entrepreneurship

The Strategy, Innovation and Entrepreneurship specialisation focuses on creativity and innovation in strategy formulation and on the importance of formulation being complemented by a strong capability in strategy execution. These factors are investigated in both entrepreneurial and corporate settings. Elective units cover topics such as opportunity identification and business start-ups, managing growth, business restructuring, business negotiations, social entrepreneurship, managing change, management consulting and the nature of innovative organisations.

To be awarded a specialisation in Strategy, Innovation and Entrepreneurship, students complete 30 credit points in units of study from the following table, comprising:

  1. 6 credit points in foundational units of study;
  2. 6 credit points in compulsory units of study; and
  3. 18 credit points in elective units of study.
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Foundational units of study

IBUS5002
Strategy, Innovation and Entrepreneurship
6    N IBUS5001
Semester 1
Semester 2

Compulsory unit of study

WORK6002
Strategic Management
6      Semester 1
Semester 2b

Elective units of study

BUSS6505
NEXT Innovation
6    P Completion of 48 credit points with a WAM of 65%
N BUSS6509 or BUSS6510

Note: Department permission required for enrolment

Semester 1
Semester 2
CLAW6032
Regulating Innovation and Distribution
6      Semester 2
IBUS6007
International Business Special Project
6   
Note: Department permission required for enrolment

Semester 1
Semester 2
IBUS6011
New Business Opportunities and Startups
6    A IBUS5002, or completion of at least 24 credit points
N IBUS5011 or WORK6112
Semester 1
Semester 2
IBUS6012
Business Innovation and Sustainability
6    A IBUS5002, or completion of at least 24 credit points
Semester 1
IBUS6013
Business Restructuring and Renewal
6    A IBUS5002, or completion of at least 24 credit points
Semester 2
IBUS6015
Entrepreneurship and Innovation Project
6    C IBUS5002

Note: Department permission required for enrolment
All students need to apply for permission to enroll in this unit. Students enrolled in the Graduate Certificate of Innovation and Enterprise, where this unit is core, should note that they are enrolled in this course as their reason for applying for permission to enroll in this unit.
Intensive December
Intensive February
Intensive January
Intensive July
Intensive March
Semester 1
Semester 2
IBUS6016
Social Entrepreneurship
6    A IBUS5002, or completion of at least 24 credit points
Semester 2
IBUS6018
Business Negotiations
6   

Note: this unit requires participation in a number of negotiations. Preparation for these negotiations, which are a large part of the grade, will require time-pressured reading of material in class.
Semester 1
Semester 2
IBUS6023
Engaged Entrepreneurship Projects
6    P IBUS5002

Note: Department permission required for enrolment

Intensive December
Intensive February
Intensive January
Intensive July
Semester 1
Semester 2
WORK6026
Organisational Change and Development
6      Semester 1

5. Other elective units of study available to students in the Commerce coursework programs

Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Business School elective units of study (general electives)

BUSS5001
Firms, Markets and Business Management
6    N ECON5001 or ECON5002 or ECON5003 or ECOF5010
Semester 1
Semester 2
BUSS6505
NEXT Innovation
6    P Completion of 48 credit points with a WAM of 65%
N BUSS6509 or BUSS6510

Note: Department permission required for enrolment

Semester 1
Semester 2

Work Integrated Learning (WIL) units of study

(i) Industry Placement Program (IPP) units of study
BUSS6500
Industry Placement
6    P 48 credit points with a minimum credit average (65%)
N ECOF6500

Note: Department permission required for enrolment
Permission is required to enrol in this unit. Contact the Careers and Employability Office for details: business.placements@sydney.edu.au.
Intensive August
Intensive March
Semester 1
Semester 2
BUSS6503
USA Industry Placement

This unit of study is not available in 2018

6    P 48 credit points with a minimum credit average (65%). Students enrolled in the Master of International Business may apply on completion of 24 credit points with a minimum credit average (65%).

Note: Department permission required for enrolment
Permission is required to enrol in this unit. Further information and application process is outlined at http://sydney.edu.au/business/study/opportunities/industry_placement_program.
Intensive August
Intensive February
Intensive July
Intensive March
BUSS6504
Europe Industry Placement
6    P 48 credit points with a minimum credit average (65%).

Note: Department permission required for enrolment
Permission is required to enrol in this unit. Contact the Careers and Employability Office for details: business.placements@sydney.edu.au.
Intensive July
BUSS6506
China Industry Placement
6    P 48 credit points with a minimum credit average (65%).

Note: Department permission required for enrolment
Permission is required to enrol in this unit. Contact the Careers and Employability Office for details: business.placements@sydney.edu.au.
Intensive December
Intensive March
BUSS6511
South America Industry Placement
6    P 48 credit points with a minimum credit average (65%)

Note: Department permission required for enrolment
Permission is required to enrol in this unit. Contact the Careers and Employability Office for details: business.placements@sydney.edu.au.
Intensive July
(ii) Community Placement Program (CPP) units of study
BUSS6508
Community Placement Program (Intensive)
6    P 48 credit points with a minimum credit average (65%)
N BUSS6507

Note: Department permission required for enrolment
Permission is required to enrol in this unit. Further information and application process is outlined at http://sydney.edu.au/business/study/opportunities/community_placement_program.
Intensive August
Intensive February
Intensive January
Intensive March

Dissertation units of study

BUSS7000
Business Dissertation A
12    P 48 credit points of prior study in the Master of Commerce program with a grade average of at least 80%.

Note: Department permission required for enrolment

Semester 1
Semester 2
BUSS7001
Business Dissertation B
12    P 48 credit points of prior study in the Master of Commerce program with a grade average of at least 80%.

Note: Department permission required for enrolment

Semester 1
Semester 2
BUSS7002
Business Dissertation
24    P 48 credit points of prior study in the Master of Commerce program with a grade average of at least 80%.

Note: Department permission required for enrolment

Semester 1
Semester 2