Double Major Overview

Description

This Financial Economics extended major aims to provide students with a deep knowledge of domestic and international banking and financial markets, and develops high-level qualitative and quantitative skills that are highly valued by employers in the financial sector.

A core component of this major is an industry-based experiential project or internship for students, who will gain practical, hands-on experience in their final year of study.

Outcomes

Students are able to (1) demonstrate comprehensive knowledge of banking, financial and economic theories and applications.; (2) apply qualitative and quantitative economic techniques to evaluate key information on money, finance and economics to inform effective decision-making.; (3) communicate clearly, effectively and appropriately to a variety of stakeholders across a range of banking , financial and economic contexts.; (4) be effective team members and work effectively and collaboratively with others; (5) apply reflective and critical thinking skills to economic and financial problems across diverse contexts with responsibility and accountability.; and (6) demonstrate 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 and to pursue as many areas of interest as you can during your course of study. At the same time, we know that many of you value the University's guidance and assistance in planning your enrolment throughout your course, so we offer the following suggestions for your consideration as possible avenues to broaden your degree. Do always remember, however, that there is no wrong way to broaden your studies as long as you complete at least four units not associated with your Degree Specific Major.

Prerequisites

Mathematic Applications or equivalent.

Incompatibilities

MJD-ECNSM Economics

MJD-FINCE Finance

Courses

Financial Economics [not available in 2023] 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

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 ECON1111 Quantitative Methods for Business and Economics or equivalent
Incompatibility
STAT1400 Statistics for Science

Level 2

Degree-specific major units

Take all units (30 points):

Availability Unit code Unit name unit requirements
S1 ECON2233 Microeconomics: Policy and Applications
Prerequisites
ECON1101 Microeconomics: Prices and Markets
S2 ECON2234 Macroeconomics: Policy and Applications
Prerequisites
ECON1102 Macroeconomics: Money and Finance
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
S2 FINA2204 Derivative Products and Markets
Prerequisites
STAT1520 Economic and Business Statistics (or equivalent).
and FINA1221/2221 Introduction to Finance
S1 FINA2205 Practical Finance Analytics
Prerequisites
STAT1520 Economic and Business Statistics (or equivalent)
and FINA1221 Introduction to Finance (or equivalent).
for pre-2012 courses: STAT1520 Economic and Business Statistics (or equivalent) and six points of calculus

Level 3

Degree-specific major units

Take all units (24 points):

Availability Unit code Unit name unit requirements
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
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)
S1 FINA3304 Banking: Theory and Practice
Prerequisites
FINA2222 Corporate Financial Policy or equivalent.
for pre-2012 courses: ACCT1101 Financial Accounting or equivalent
S2 FINA3307 Trading in Securities Markets
Prerequisites
Any level 2 Finance unit
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 6 points:

Availability Unit code Unit name unit requirements
S2 ECON3235 International Trade
Prerequisites
Any two Level 2 economics units in the Economics
or Professional Economics majors.
Incompatibility
ECON2235 International Trade
S2 ECON3301 Game Theory and Strategic Thinking
Prerequisites
ECON2233 Microeconomics: Policy and Applications
S1 ECON3371 Applied Econometric Methods and Data Analysis
Prerequisites
ECON2271 Introductory Econometrics
S2 FINA3326 Applied Financial Management
Prerequisites
FINA2222 Corporate Financial Policy