Professional Economics major
The Economics double major provides you with a concentrated program of study in economics and is designed for students seeking to become professional economists and pursue careers as specialist economists in government and business, economic consultants, economic analysts and policy advisers. Students study microeconomic and macroeconomic frameworks to rationally analyse general economic problems, establish conclusions and communicate the results of economic research to fellow economists, business professionals and policymakers. Students develop the capacity to analyse economic activities and issues both domestically and globally.
Outcomes
Students are able to (1) demonstrate comprehensive theoretical and applied economic knowledge.; (2) apply qualitative and quantitative economic techniques to analyse and evaluate key economic information to inform effective decision-making.; (3) be effective and perceptive communicators of economic information to specialist and non-specialist audiences.; (4) be effective team members and work effectively and collaboratively with others.; (5) apply reflective and critical thinking skills to economic problems across diverse contexts with responsibility and accountability.; and (6) demonstate awareness of ethical, cultural, social and sustainability issues relevant to the discipline..
Broadening guidelines
All students studying towards a Bachelor's Degree at UWA are required to Broaden their studies by completing a minimum of four units (24 points) of study outside their degree specific major. For students in a Combined Bachelor's masters Course, you have elected to pursue a highly specialised and in-depth program of study in your chosen field. While you are encouraged to use the free elective units available in your course to study in other disciplines offered at UWA, your formal requirement to broaden your course will be met through the Honours and Postgraduate units which form an integral part of your course.
Professional Economics can only be taken as a degree-specific major in the following degree courses:
BH005 Bachelor of Philosophy (Honours)
Overview of unit sequence
Professional Economics is a degree-specific double major comprising:
- four Level 1 units
- five Level 2 units
- six Level 3 units
| Key to availability of units: |
|---|
| S1 = Semester 1; S2 = Semester 2; SS = summer teaching period; N/A = not available in 2021; NS = non-standard teaching period |
Note: Units that are indicated as N/A may be available in 2022 or 2023.
Students who commenced Professional Economics under the Bachelor of Commerce prior to 2021: You may follow the structure listed in the 2020 handbook If you wish to complete your major following the new structure below, please contact your Student Advising Office for advice.
Level 1
Take all units (24 points):
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S1, S2 | ECON1101 | Microeconomics: Prices and Markets | |
| S1, S2 | ECON1102 | Macroeconomics: Money and Finance | |
| S1, S2 | FINA1221 | Introduction to Finance |
|
| S1, S2 | STAT1520 | Economic and Business Statistics |
Students who have not achieved a scaled mark of at least 50 in Mathematics Methods ATAR or equivalent or higher are required to complete ECON1111.
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S1 | ECON1111 | Quantitative Methods for Business and Economics |
|
Level 2
Take all units (24 points):
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S1, SS | ECON2233 | Microeconomics: Policy and Applications |
|
| S2 | ECON2234 | Macroeconomics: Policy and Applications |
|
| S1, SS | ECON2271 | Introductory Econometrics | |
| S2 | ECON2272 | Intermediate Mathematics for Economists |
Take unit(s) to the value of 6 points:
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S2 | ECON2105 | Rise of the Global Economy | |
| S1 | ECON2106 | Asia in the World Economy |
|
| S2 | ECON2245 | Business Economics |
|
| S1 | FINA2205 | Quantitative Methods for Finance |
Level 3
Take all units (18 points):
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S1 | ECON3302 | Applied Microeconomics |
|
| S2 | ECON3303 | Applied Macroeconomics |
|
| S1 | ECON3371 | Econometrics |
|
Group A—take unit(s) to the value of 6 points:
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| N/A | ECON3206 | Economic Analysis Project |
|
| NS, S1, S2 | WILG3001 | Professional Experience Practicum |
|
Group B—take unit(s) to the value of 12 points:
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S2 | ECON3205 | Health Economics |
|
| N/A | ECON3210 | Monetary Economics | |
| S1 | ECON3220 | Development Economics |
|
| S2 | ECON3235 | International Trade |
|
| S1 | ECON3236 | International Finance |
|
| S2 | ECON3301 | Game Theory and Strategic Thinking |
|
| S1 | ECON3310 | History of Economic Ideas |
|
| S2 | ECON3350 | Money, Banking and Financial Markets | |
| S2 | ECON3395 | Economic Policy |
|
Choosing your degree-specific major
Specialised degrees – Bachelor of Advanced Computer Science (Honours), Bachelor of Automation and Robotics, Bachelor of Environmental Design, Bachelor of Music
You must satisfy the requirements of the degree-specific major in your degree before you complete your course. (You have the choice to either nominate your degree-specific major when you first enrol in the course or delay nominating it until your second year.)
Bachelor of Philosophy, Politics and Economics
This comprehensive degree does not allow you to choose a double major.
General degrees
You must satisfy the requirements of a degree-specific major before you complete your course. The flexible structure of an undergraduate course allows you to try out a number of different subjects to see what interests you before nominating your degree-specific major. You have the choice to either nominate your degree-specific major when you first enrol in the course or delay nominating it until your second year.
To plan the first year of your study without nominating a degree-specific major, you are advised to choose units that will pave the way to two or more degree-specific majors that are of interest to you. For examples of the choice of units available in first year, search the first-year study plans .
To fully understand the structure of an undergraduate course, read the course structure information and the Undergraduate Degree Course Rules.
There are more choices open to you. For more examples, search the study plans .