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) employ the framework of micro and macro economics to rationally analyse general economic problems and arrive at analytically sound conclusions; (2) interpret and undertake quantitative economic research; (3) identify and critically reflect on landmark events in Australia's economic history and in the rise of the global economy; (4) undertake specific economic research that critically evaluates theoretical and/or applied issues in the area of economics; (5) communicate the results of economic research to fellow economists as well as to a range of potential stakeholders including other business professionals, policymakers in government and the public at large; (6) achieve the preceding objectives irrespective of whether they are working as an individual analyst or as a member of a team of professionals; and (7) demonstrate an awareness of, and sensitivity to, the personal, social, ethnic and/or international backgrounds of other team members as well as stakeholders.
Degree-specific major
Professional Economics can only be taken as a degree-specific major in the following degree courses:
BP002 Bachelor of Commerce
BH005 Bachelor of Philosophy (Honours)
Overview of unit sequence
Professional Economics is a degree-specific double major comprising:
- two Level 1 units
- five Level 2 units
- seven Level 3 units
- four Level 3 complementary units
| Key to availability of units: |
|---|
| S1 = Semester 1; S2 = Semester 2; SS = summer teaching period; N/A = not available in 2020 |
Note: Units that are indicated as N/A may be available in 2021 or 2022.
Level 1
Take all units (12 points):
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S1, S2 | ECON1101 | Microeconomics: Prices and Markets | |
| S1, S2 | ECON1102 | Macroeconomics: Money and Finance |
Take all complementary units (24 points):
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S1, S2, SS | ACCT1101 | Financial Accounting |
|
| S1, S2 | MGMT1135 | Organisational Behaviour |
|
| S1, S2, SS | MKTG1203 | Introduction to Marketing |
|
| S1, S2 | STAT1520 | Economic and Business Statistics |
Level 2
Take all units (18 points):
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S1, SS | ECON2233 | Microeconomics: Policy and Applications |
|
| S2 | ECON2234 | Macroeconomics: Policy and Applications |
|
| S1, SS | ECON2271 | Business Econometrics |
|
Take unit(s) to the value of 12 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 |
|
Level 3
Take all units (18 points):
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S2 | ECON3272 | Intermediate Mathematics for Economists | |
| S1 | ECON3302 | Applied Microeconomics |
|
| S2 | ECON3303 | Applied Macroeconomics |
|
Take unit(s) to the value of 24 points:
| Availability | Unit code | Unit name | unit requirements |
|---|---|---|---|
| S2 | ECON3205 | Health Economics |
|
| N/A | ECON3210 | Monetary Economics | |
| S1 | ECON3220 | Development Economics |
|
| S1 | ECON3235 | International Trade |
|
| S1 | ECON3236 | International Finance |
|
| S1 | ECON3301 | Game Theory and Strategic Thinking |
|
| S1 | ECON3310 | History of Economic Ideas |
|
| S1 | ECON3350 | Money, Banking and Financial Markets | |
| S2 | ECON3371 | Econometrics | |
| S2 | ECON3395 | Economic Policy |
|
Choosing your degree-specific major
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.
The following example illustrates how the Professional Economics degree-specific major can be included in the Bachelor of Commerce course .
There are more choices open to you. For more examples, search the study plans .