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Economics - 3543

Program Summary

   
   
 
Campus: Kensington Campus
 
 
Career: Undergraduate
 
 
Typical Duration: 3 Years
 
 
Typical UOC Per Semester: 24
 
 
Min UOC Per Semester: 3
 
 
Max UOC Per Semester: 24
 
 
Min UOC For Award: 144
 
 
Award(s):
 
 
Bachelor of Economics (Double Major)
 
 
Bachelor of Economics (Honours)
 
 
Bachelor of Economics (Major)
 
  

Program Description

Need information on our business programs? Start your search at the Australian School of Business website.
If you are a current student, this new program structure does not apply to you. You should always follow the program requirements according to the year you started your degree. For more information please visit Previous UNSW Online Handbooks.


The Bachelor of Economics (BEc) is a highly regarded professional qualification allowing graduates access to an enormously diverse range of occupations. Our graduates work as professional economists and can be found in leading government and international agencies, private firms and consultancies.

Graduates who combine economics with other disciplines, such as accounting, finance or marketing, often work as professionals in those fields, with the economics training providing a highly valued understanding of the business environment.

More broadly, graduates develop analytical skills which have wide applications in business, finance and policy. The knowledge obtained from the degree also enables graduates to become economically literate, with an in-depth understanding of local and world economic issues.

The first year of study provides students with an introduction to economics, along with the foundations of mathematical and statistical analysis for business. Throughout the degree there is an emphasis on applications to contemporary business and economic issues.

The first year of study also allows students to choose the right economics major to suit their interests and career goals. Students have the option to take a second major in economics or to choose from one of the commerce majors (such as accounting or finance) or from modern languages.

For detailed information on the professional recognition this degree offers please visit Professional Recognition of Programs in the UNSW Online Handbook.

From 2010 it is also possible to choose a major in mathematics or statistics, in recognition of the increasingly quantitative nature of modern business and policy contexts. In addition, there is the option to take a number of courses from a faculty other than the Australian School of Business, such as the Faculty of Arts and Social Sciences. This option provides students with a broader breadth and perspective in their knowledge and learning.

Program benefits:
  • Highly regarded by industry and government
  • Prepares graduates academically, technically and professionally, providing a solid grounding in modern economics analysis
  • Deals with important issues, such as why some countries grow rich and some remain poor, global interactions of nations, the role and impact of economic policy and regulation, unemployment, inflation, property and wealth, firm organisation and competition, decision making and strategic behaviour

Program Objectives and Learning Outcomes

The objective of the BEc is to develop students’:
  • Understanding of incentives, institutional structures, policies and processes that drive global economic activity
  • Analytical skills necessary to understand problems and opportunities offered in a changing economic world
  • Disciplinary skills and perspectives relevant to the domestic and global commercial environment
  • Professional competencies and ethical perspectives essential to the domestic and global commercial environment
  • Capacities for life-long learning and the negotiation of change

Program Structure

If you are a current student, this new program structure does not apply to you. You should always follow the program requirements according to the year you started your degree. For more information please visit Previous UNSW Online Handbooks.

Studies leading to the award of the Bachelor of Economics degree normally consist of 144 UOC or 24 courses to be completed over 3 academic years.

These UOC need to be made up of:
  • Compulsory core courses
  • Major requirements
  • Free options
  • General Education courses
Compulsory core courses account for 36 UOC (6 courses)
Please note: For students intending to complete a major in Mathematics or Statistics, MATH1131 or MATH1141 AND MATH1231 or MATH1241 should be completed instead of ECON1202 and ECON1203.

Major requirements account for up to 96 UOC (16 courses)

Choose from EITHER
A single major in Economics, Econometrics or Financial Economics consisting of 48 UOC of Level 2 and 3 courses, in addition to the compulsory core courses. At least 3 courses must be level 3 courses (courses numbered 3XXX). Students may take a minor if desired. A minor of 24 UOC must contain at least 6 UOC at level 3. The minor does not form part of the nominated major.
OR
A double major in Economics and / or Econometrics and / or Financial Economics and one of the approved disciplinary streams consisting of 96 UOC (For each major, at least 3 courses must be level 3 courses (courses numbered 3XXX)).

Free options account for up to 18 UOC (3 courses). These courses should be taken from within the Australian School of Business.

General Education requirements accounts for 12 UOC (2 - 4 courses) to be taken outside the Australian School of Business. These courses allow you to select either courses that were developed especially for the General Education Program (beginning with GEN) or to choose 'mainstream' courses that are offered in the degree programs of other faculties.

Sample Program

Program requirements 24 courses (144 UOC)
Six (6) core courses (36 UOC)
Single major (and optional minor)
OR double major
Up to 8 elective courses
for a major
(48 UOC)
Up to 4 elective courses
for a minor (optional)
(24 UOC)
Up to 8 elective courses
for 1st major
(48 UOC)
Up to 8elective courses
for 2nd major
(48 UOC)
Up to 5 free options* (at least 3 courses must be level 2/3) (30 UOC)
Up to 5 free options* (at least 3 courses must be level 2/3) (30 UOC)
General Education
requirements
(12 UOC)
General Education
requirements
(12 UOC)
*Number of free options may vary depending on major combination undertaken. Please contact the Australian School of Business Student Centre for further information.

General Education Requirements

Students in this program must complete 12 UOC in General Education courses or their equivalent (unless otherwise entitled to exemption). For further information about General Education Requirements please refer to the UNSW Online Handbook.

Please note that students enrolled in programs within the Australian School of Business cannot take General Education courses offered by the Business School. These restrictions also apply to the following courses:
  • GENL2015 The World of Work
  • GENL2020 An Introduction to the Australian Legal System
  • GENL2021 An Introduction to the Australian Legal System
  • GENL2031 Cyberspace Law
  • GENL5020 Business Fundamentals
  • GENL5021 Business Law Basics
  • GENL5030 Understanding Tax
  • GENL5031 Tax for Professionals
If students are unsure of their General Education Requirements they should contact the Australian School of Business Student Centre (Ground floor, West entrance, Australian School of Business building)

Honours

Students interested in studying at Honours Level should refer to the relevant Honours plan record for entry requirements.

Academic Rules

Please refer to the Program Structure for the academic requirements relating to this program.
Rules relating to the award of the degree of Bachelor of Commerce shall apply wherever relevant.
Students are advised to consult the Academic Rules for further information.

Fees

For information regarding fees for UNSW programs, please refer to the following website:  https://my.unsw.edu.au/student/fees/FeesMainPage.html

Professional Recognition

For further information, refer to the Professional Recognition of Programs in the UNSW Online Handbook.

Further Information

Please note that these requirements may be subject to change. Students should always follow the program requirements according to the year they started their degree. For more information please visit Previous UNSW Online Handbooks

Contact the Australian School of Business Student Centre for advice.
tel: + 61 2 9385 3189
location: Ground Floor, West Wing, Australian School of Business Building
Forms, policies and procedures
Frequently asked questions

Area(s) of Specialisation

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.