Economics

About the major

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.

The core first year units introduce students to the basic tools and concepts essential for economic analysis. In the first semester of their degree, ECON1001 Introductory Microeconomics students will be introduced to the key tools that they will use throughout their major, including the concepts of scarcity, opportunity cost, marginal analysis, efficiency and market failure. Similarly, in the second semester of their degree, ECON1002 Introductory Macroeconomics students will learn the basic tools and concepts of macroeconomic analysis

The tools of microeconomic analysis are further developed in ECOS2001 Intermediate Microeconomics in the first semester of students’ second year. In the second semester of their second year, ECOS2002 Intermediate Macroeconomics develops each student’s macroeconomic skills. In third year, students can choose from a wide range of selective units of study and will have the opportunity to complete an economics-specific interdisciplinary unit as the culmination of their major.

Requirements for completion

The Economics major and minor requirements are listed in the Economics unit of study table.

Honours

Sydney’s School of Economics is one of a handful of schools that provide a dedicated Honours stream from second year, with smaller classes to facilitate greater interaction with academic staff and other students. Our program is built upon a core of advanced microeconomics and macroeconomics courses. We also require students to strengthen their mathematical and data analysis skills. This core of subjects prepares students for a wide range of electives in their Honours year. The courses are challenging, and as students undertake advanced coursework and conduct independent research they develop their analytical, problem solving, writing, presentation and time-management skills.

Preparation for the final honours year in Economics at the University of Sydney begins in the second year of the undergraduate degree, with dedicated honours program units in both the second and third year. Entry into the Economics honours program is also possible in the third and fourth years, but the entry criteria are higher for students who take this pathway than for students who begin in their second year. Students entering in later years will also need to complete some units from the second and third years of the honours program.

For details please see http://sydney.edu.au/arts/economics/undergrad/honours.shtml

Honours admission requirements
If you commenced your degree prior to 2018: Admission to Honours requires an average of 70% or above in a major in Economics with:

  • An average of 70% or above across 3000-level units in the Economics major; and
  • An average of 70% or above across the following three units: ECOS3901 Advanced Microeconomics Honours; and ECOS3902 Advanced Macroeconomics Honours; and ECOS3903 Applied Microeconometrics or ECOS3904 Applied Macroeconometrics (if both units of study have been taken, the highest mark in either ECOS3903/3904).

If you commenced your degree in 2018:
- Admission to Honours is via the Bachelor of Advanced Studies and requires an average of 70% or above in a major in Economics with:

  • An average of 70% or above across 3000-level units in the Economics major; and
  • An average of 70% or above across the following three units: ECOS3901 Advanced Microeconomics Honours; and ECOS3902 Advanced Macroeconomics Honours; and ECOS3903 Applied Microeconometrics or ECOS3904 Applied Macroeconometrics (if both units of study have been taken, the highest mark in either ECOS3903/3904).

- Prior to commencing honours, you will need to ensure you have completed all other requirements of the relevant undergraduate degree, including Open Learning Environment (OLE) units and a second major.

Requirements and units of study for honours can be found on the Economics honours units of study page.

Advanced coursework

The Bachelor of Advanced Studies within the School of Economics provides students with a cohesive program in advanced studies in Economics. The advanced coursework units provide students with advanced theoretical knowledge and skillsets for analysing macroeconomic policy issues and practice in Australia and internationally. They equip students with an understanding of the fundamentals of modern models of corporate finance and governance. The project units will develop communication and research skills, and allow students to apply their knowledge to a real world or policy related problem, with the opportunity to collaborate with industry partners.

Requirements and units of study for advanced coursework can be found on the Economics advanced coursework units of study page.

Contact and further information

School of Economics
sydney.edu.au/arts/economics

Email:

Pathways through the major

Economics major pathway

Year and Semester Units of Study
1st Year S1 ECON1001
Introductory
Microeconomics
 
  S2 ECON1002
Introductory
Macroeconomics
 
2nd Year S1 ECOS2001
Intermediate
Microeconomics
 
  S2 ECOS2002
Intermediate
Macroeconomics
 
3rd Year S1 ECOS3XXX
Economics major
selective unit
ECOS3XXX
Economics major
selective unit
  S2 ECOS3XXX
Economics major
selective unit
ECOS3997 Interdisciplinary Impact in Economics

Economics minor pathway

Year and Semester Units of Study
1st Year S1 ECON1001
Introductory Microeconomics
  S2 ECON1002
Introductory Macroeconomics
2nd Year S1 ECOS2001
Intermediate Microeconomics
  S2 ECOS2002 Intermediate
Macroeconomics
3rd Year S1 ECOS3XXX
Economics selective unit
  S1 ECOS3XXX
Economics selective unit

Double major pathway

Financial Economics and Economics

Yer and Semester  Units of study 
Year 1 S1 ECON10001 Introductory Microeconomics ECMT1010 Introduction to Economic Statistics
  S2 ECON1002 Introductory Macroeconomics  
Year 2 S1

ECOS2001 or ECOS2901 Intermediate Macroeconomics 

ECOS2XXX/ECOS3XXX Economics major selective unit
  S2 ECMT2130 Financial Econometrics ECOS2002 Intermediate Macroeconomics 
 Year 3  S1  ECOS3022 The Economics of Financial Markets ECOS3XXX/ECMT3XXX Economics major selective unit
  ECOS3XXX/ECMT3XXX Financial Economics major selective unit  ECOS3XXX/ECMT3XXX Economics major selective unit
   S2  ECOS3XXX/ECMT3XXX Financial Economics major selective unit ECOS3997 Interdisciplinary Impact in Economics ECOS3XXX/ECMT3XXX Economics major selective unit
  ECOS3997 Interdisciplinary Impact in Economics ECON3998 Industry and Community Project