Extended Major Overview
- Description
From your microeconomic studies you will learn about efficiency, markets, equilibrium, externalities, competition and cooperation. Your macroeconomic subjects will provide you with the frameworks to understand macroeconomic problems such as economic growth, productivity, inflation and labour markets. Students may select from a range of options including development economics, health economics, economic policy and game theory. Upon graduation students are equipped to pursue careers as a professional economist in either the public, private or not-for-profit sectors. In the public and not-for-profit sectors the opportunity exists to shape public policy and to pursue careers as economic analysts, and policy advisers. In the private sector opportunities exist in areas such as consulting, regulation, business analytics and finance.
- 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.; (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 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. Broadening is your opportunity to explore other areas of interest, investigate new disciplines and knowledge paradigms and to shape your degree to suit your own aspirations and interests.
- Courses
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 2024 – may be available in 2025 or 2026
- 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 |
|
| S1, S2 | ECON1102 | Macroeconomics: Money and Finance | None |
| S1, S2 | FINA1221 | Introduction to Finance | None |
| S1, S2 | STAT1520 | Economic and Business Statistics |
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 |
|
Level 2
Degree-specific major units
Take all units (24 points):
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S1 | ECON2233 | Microeconomics: Policy and Applications | |
| S2 | ECON2234 | Macroeconomics: Policy and Applications | |
| S1 | ECON2271 | Introductory Econometrics | |
| S2 | ECON2272 | Intermediate Mathematics for Economists |
|
Degree-specific major units
Take unit(s) to the value of 6 points:
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| N/A | ECON2105 | Rise of the Global Economy | |
| S1 | ECON2106 | Asia in the World Economy | |
| S2 | ECON2210 | Monetary Economics |
|
| S2 | ECON2245 | Business Economics |
|
| S1 | FINA2205 | Practical Finance Analytics |
|
Level 3
Degree-specific major units
Take all units (18 points):
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S1 | ECON3302 | Applied Microeconomics |
|
| S2 | ECON3303 | Applied Macroeconomics |
|
| S1 | ECON3371 | Applied Econometric Methods and Data Analysis |
|
Degree-specific major units
Electives—take unit(s) to the value of 18 points:
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S2 | ECON3205 | Health Economics |
|
| N/A | ECON3206 | Economic Analysis Project |
|
| 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 |
|
| S1 | ECON3350 | Money, Banking and Financial Markets | |
| S2 | ECON3395 | Economic Policy |
|
| NS, S1, S2 | WILG3001 | Work Integrated Learning Internship Program |
|