Subject focus: Bachelor of Commerce (Economics) programmes in Australia
In this month's subject focus we look at your options to study economics at undergraduate level.
At undergraduate level, economics is usually studied within a Bachelor of Commerce or a Bachelor of Business. At Australian and New Zealand universities these are broad, general degrees that aim to provide students with a solid foundation in a wide range of business principles while at the same time building their knowledge and skills in a particular area (the subject the student declares as their major).
This broad-based approach means that students will also take courses in a range of other business areas such as accounting and finance, human resource management, marketing, information systems and management, particularly during their first year, while simultaneously specialising in their chosen subject area of economics.
Find out more about studying a range of subjects in Economics, Commerce, Business and Management at undergraduate and postgraduate level, or contact a Study Options advisor for a copy of our course list.
Bachelor of Economics at Monash University
Commerce is about innovation, big-picture thinking and decision-making.
If you like to unpick problems, consider ideas in abstract ways, and want to find solutions to global challenges, commerce will teach you how to apply your thinking to commercial environments.
At Monash University, the study of economics is available as a specialist degree under the umbrella of commerce. Other areas include actuarial science and finance.
Economics will allow to you work as an economist, unlocking how the world works by reviewing important economic activity such as the consumption of goods and services, employment rates or living standards. You will learn to use economic theories and econometric modelling to figure out how the economy is operating and identify and communicate the impacts of government policies in both domestic and international environments.
About the Bachelor of Economics
In this specialisation you will have genuine depth of study across the field of economics. You will learn how to use economic theories and analytical tools to figure out how the economy is operating, and identify and communicate the impacts of government policies in both domestic and international environments. You will choose to focus on one of two streams of economics – either Economics and Economic Policy, or Mathematical Economics and Econometrics.
This specialisation allows you focus on a particular area of economics.
Economics and Economic Policy - develop extensive knowledge of both economic theories and mathematical/econometric modelling, and how these can be used to develop and support public policy. You will learn how to apply economic theories and analytical tools to economic policy outcomes, and identify and communicate the impact of government policies.
Mathematical Economics and Econometrics - focus on the mathematical side of economics. This will give you the ability to formulate and test economic propositions in complex economic environments. You will develop skills in econometric models and methodologies and learn how to evaluate economic theories using empirical data.
Monash University offers internship units across all our undergraduate degrees.
Internships are available during semester and over the summer and winter breaks. These placements are a great opportunity for you to get practical experience and work with potential employers.
Our placements have included roles with L'Oreal, EY, PwC, Mondelez, Adidas, Deloitte, GM Holden, ANZ, Shell, Macquarie, IBM, KPMG, Grant Thorton, Clemenger BBDO, Devondale, Addeco, and more.
The course develops through four themes:
A. Foundation commerce knowledge
These units will provide you with a comprehensive study of economics and econometrics disciplines and the impact they have on multi-discipline decision making in organisations. The units consider the impact on the business, professional and public policy communities.
B. Specialist discipline knowledge
These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of a specialised area to provide discipline based solutions to commerce. Units contained within the discipline specialisation may meet the requirements for professional accreditation bodies.
C. Capstone experience
The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your specialisation.
D. Elective breadth/depth study
This will enable you to further develop your knowledge of your specialisation, or commerce more broadly, or to select any units from across the university in which you are eligible to enrol including to complete a major or minor from another course.
Prospective students can apply with three A Levels, or combine two A levels with GCE scores to qualify.
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English (AS-Level) and Maths (A-Level) are subject prerequisites. For specific grades please contact the staff at Study Options. Other equivalent year 12 (final high school year) results are accepted including International Baccalaureate diploma and American SATs.
To submit an application, all that’s needed are your final transcripts, a completed application form and a copy of your passport’s bio page.
Admission into this degree is assessed on the results of previous studies, where these studies have taken place and meeting other requirements, including English language and other subject prerequisites where applicable. The outcome of your application should take no longer than a couple of weeks should all documents be in place.
Start date: Semester 1 (February)
Duration: 3 years
Tuition fees (2017): AU$39,100 per year