Major Overview
- Description
The rise and fall of economies, future employment prospects, incomes and living standards are all at the heart of economics. In a number of countries, elections are won or lost on the basis of economic issues such as taxation, debt or deficits. The Economics major prepares you for work in financial institutions, government, international agencies and the private sector as a forecaster, analyst or consultant. The major includes core subjects in both microeconomics and macroeconomics. Microeconomics provides the framework for analysing issues in taxation, trade and the competitive structure of markets, while macroeconomics focuses on the forces that influence long-term economic growth, inflation, unemployment and the balance of payments. Students also develop the capacity to understand the fundamental workings of the economy and markets, and implications of economic policy. The Economics major can be combined with a major in Finance if you are interested in pursuing a career as a financial economist.
- Outcomes
Students are able to (1) demonstrate comprehensive theoretical and applied economic knowledge; (2) apply sound economic reasoning to analyse key economic information used 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 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. 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. Many of you will be able to undertake more than this minimum amount of broadening study and we encourage you to do so if this suits your aspirations. Over the next few months you will find here some broadening suggestions related to your degree-specific major. While we know that many students value guidance of this sort, these are only suggestions and students should not lose sight of the opportunity to explore that is afforded by your Broadening Choices. Advice can also be sought from your Allocated Student Advising Office.
- Courses
Economics can 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
Bachelor of Commerce students completing a second major in Engineering Science are not required to complete STAT1520 (as MATH1011 and MATH1012 meet this requirement). In addition, students should substitute CITS2401 Computer Analysis and Visualisation as the Level 2 option to meet the requirements of the commerce major. Third-year options must include at least one of ECON3235 International Trade, ECON3236 International Finance or ECON3395 Economic Policy.
Level 1
Degree-specific major units
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 | None |
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 (12 points):
Availability | Unit code | Unit name | unit requirements |
---|---|---|---|
S1 | ECON2233 | Microeconomics: Policy and Applications | |
S2 | ECON2234 | Macroeconomics: Policy and Applications |
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 | |
S1 | ECON2106 | Asia in the World Economy | |
S2 | ECON2245 | Business Economics |
|
S1 | ECON2271 | Introductory Econometrics | |
S2 | ECON2272 | Intermediate Mathematics for Economists |
|
Level 3
Degree-specific major units
Take unit(s) to the value of 18 points:
Including at least one of ECON3235 International Trade, ECON3236 International Finance or ECON3395 Economic Policy
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 | ECON3302 | Applied Microeconomics |
|
S2 | ECON3303 | Applied Macroeconomics |
|
S1 | ECON3310 | History of Economic Ideas |
|
S1 | ECON3350 | Money, Banking and Financial Markets | |
S1 | ECON3371 | Applied Econometric Methods and Data Analysis |
|
S2 | ECON3395 | Economic Policy |
|