Extended Major Overview

Description

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.

Courses

Professional Economics can only be taken as a degree-specific major in the following degree courses:

No study plans found for this major. See study plans for more information.

Units

Key to availability of units:
S1
Semester 1
S2
Semester 2
N/A
not available in 2023 – may be available in 2024 or 2025
NS
non-standard teaching period

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

Degree-specific major units

Take all units (24 points):

Availability Unit code Unit name unit requirements
S1, S2 ECON1101 Microeconomics: Prices and Markets
Incompatibility
ECON1000 Economics for Business
S1, S2 ECON1102 Macroeconomics: Money and Finance None
S1, S2 FINA1221 Introduction to Finance None
S1, S2 STAT1520 Economic and Business Statistics
Prerequisites
Mathematics Applications ATAR
or MATH1720 Mathematics Fundamentals
or MATX1720 Mathematics Fundamentals
or ECON1111 Quantitative Methods for Business and Economics or equivalent
Incompatibility
STAT1400 Statistics for Science
or STAX1400 Statistics for Science
Bridging units

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
Prerequisites
Mathematics Applications (ATAR)
or WACE Mathematics 2C/2D
or TEE Discrete Mathematics
or MATH0700 Preparatory Mathematics
Incompatibility
Mathematics Methods (ATAR) or higher.
WACE Mathematics 3A/3B or higher.
TEE Applicable Mathematics.
TEE Calculus.
or MATH1701 Introductory Mathematics Foundations

Level 2

Degree-specific major units

Take all units (24 points):

Availability Unit code Unit name unit requirements
S1 ECON2233 Microeconomics: Policy and Applications
Prerequisites
ECON1101 Microeconomics: Prices and Markets
or ECOX1101 Microeconomics: Prices and Markets
S2 ECON2234 Macroeconomics: Policy and Applications
Prerequisites
ECON1102 Macroeconomics: Money and Finance
or ECOX1102 Macroeconomics: Money and Finance
S1 ECON2271 Introductory Econometrics
Prerequisites
STAT1520 Economic and Business Statistics
or STAX1520 Economic and Business Statistics
or ECON1111 Quantitative Methods for Business and Economics
S2 ECON2272 Intermediate Mathematics for Economists
Prerequisites
ECON1111 Quantitative Methods for Business and Economics or equivalent and
STAT1520 Economic and Business Statistics
or STAX1520 Economic and Business Statistics
Incompatibility
ECON3272 Intermediate Mathematics for Economists (ID 237)
Degree-specific major units

Take unit(s) to the value of 6 points:

Availability Unit code Unit name unit requirements
S2 ECON2105 Rise of the Global Economy
Prerequisites
ECON1101 Microeconomics: Prices and Markets
or ECOX1101 Microeconomics: Prices and Markets
or ECON1000 Economics for Business
or BUSN1103 Foundations of Global Business
S1 ECON2106 Asia in the World Economy
Prerequisites
ECON1101 Microeconomics: Prices and Markets
or ECOX1101 Microeconomics: Prices and Markets
or level 1 12 points units in Business
Incompatibility
ECON3203 Asia in the World Economy
S2 ECON2245 Business Economics
Prerequisites
Successful completion of
ECON1000 Economics for Business
or ECON1101 Microeconomics: Prices and Markets
or ECOX1101 Microeconomics: Prices and Markets
S1 FINA2205 Practical Finance Analytics
Prerequisites
STAT1520 Economic and Business Statistics or equivalent
or STAX1520 Economic and Business Statistics
and
FINA1221 Introduction to Finance or equivalent
or FINX1221 Introduction to Finance or equivalent

Level 3

Degree-specific major units

Take all units (18 points):

Availability Unit code Unit name unit requirements
S1 ECON3302 Applied Microeconomics
Prerequisites
ECON2233 Microeconomics: Policy and Applications or equivalent
Incompatibility
ECON3364 Microeconomic Theory
S2 ECON3303 Applied Macroeconomics
Prerequisites
ECON2234 Macroeconomics: Policy and Applications
Incompatibility
ECON3365 Macroeconomic Theory
S1 ECON3371 Applied Econometric Methods and Data Analysis
Prerequisites
ECON2271 Introductory Econometrics
Degree-specific major units

Group A—take unit(s) to the value of 6 points:

Availability Unit code Unit name unit requirements
S1 ECON3206 Economic Analysis Project
Prerequisites
Successful completion of
96 points
and Enrolment in
BP013 Bachelor of Economics
or CM002 Bachelor of Economics and Master of Economics
or MJD-BUSAN Business Analytics
NS, S1, S2 WILG3001 Professional Experience Practicum
Prerequisites
Successful completion of
48 points in your chosen degree and approval of the unit coordinator
and Enrolment in
Major(s) MJD-ECNPF Professional Economics
or MJD-LINGO Linguistics
or MJD-POLSC Political Science and International Relations
or MJD-BMGMT Business Management
or MJD-ENTIN Enterprise and Innovation
or MJD-GLBUS Global Business
or MJD-FINEC Financial Economics
or MJD-CRMDM Criminology and Criminal Justice
or MJD-BUSAN Business Analytics
or Minor(s) MNR-CRWRS Creative Writing Studies
Incompatibility
BUSN3348 Business Practicum
or HUMA2901 Arts Practicum
or POLS3326 Political Science Internship
or WILG2201 Professional Experience Practicum
or PARL3399 WA Parliamentary Research Program.
Degree-specific major units

Group B—take unit(s) to the value of 12 points:

Availability Unit code Unit name unit requirements
S2 ECON3205 Health Economics
Prerequisites
ECON2233 Microeconomics: Policy and Applications
N/A ECON3210 Monetary Economics
Prerequisites
ECON2234 Macroeconomics: Policy and Applications
or any level 2 Finance unit.
for pre-2012 courses: none.
for the Philosophy, Politics and Economics major, ECON2105 Rise of the Global Economy
Incompatibility
ECON2210 Monetary Economics
S1 ECON3220 Development Economics
Prerequisites
Completion of at least two Level 2 units in the Economics
or Professional Economics majors.
S2 ECON3235 International Trade
Prerequisites
Any two Level 2 economics units in the Economics
or Professional Economics majors.
Incompatibility
ECON2235 International Trade
S1 ECON3236 International Finance
Prerequisites
ECON2234 Macroeconomics: Policy and Applications
or any Level 2 Finance unit.
for pre-2012 courses: none
Incompatibility
ECON2236 International Finance
S2 ECON3301 Game Theory and Strategic Thinking
Prerequisites
ECON2233 Microeconomics: Policy and Applications
S1 ECON3310 History of Economic Ideas
Prerequisites
ECON2233 Microeconomics: Policy and Applications.
for pre-2012 courses: none
S1 ECON3350 Money, Banking and Financial Markets
Prerequisites
ECON2234 Macroeconomics: Policy and Applications (or equivalent)
or any Level 2 Finance unit.
for pre-2012 courses: ECON1102 Macroeconomics: Money and Finance (or equivalent)
S2 ECON3395 Economic Policy
Prerequisites
ECON2233 Microeconomics: Policy and Applications