Economics / Science (Adv Math) - 3564
Program Summary
Faculty: UNSW Business School
Contact: UNSW Business School Student Centre
Campus: Sydney
Career: Undergraduate
Typical Duration: 5 Years 
Typical UOC Per Semester: 24
Min UOC Per Semester: 6
Max UOC Per Semester: 24
Min UOC For Award: 240
UAC Code: 424460
Domestic Entry Requirements: See Domestic Entry Requirements
International Entry Requirements: See International Entry Requirements
Award(s):
Bachelor of Economics (Honours)
Bachelor of Economics (Major)
Bachelor of Science (Advanced Mathematics)
View program information for previous years
Program Description
The Bachelor of Economics /Bachelor of Science (Advanced Maths) program enables students to complete a depth of study in advanced mathematics from within UNSW Science which complements the economics program offered by the School of Economics in the UNSW Business School.
For admission to the program, students must satisfy the entry requirements to both the Bachelor of Science (Advanced Mathematics) and the Bachelor of Economics programs.
The typical duration of this program is 5 years full-time, including (subject to academic performance) an Honours year in the BSc (Advanced Mathematics). With approval, students with an excellent academic record may also enrol in an additional Honours year in the Bachelor of Economics degree.
For questions regarding the Bachelor of Economics requirements for the program, students should consult staff in the UNSW Business School Student Centre or the School of Economics. For questions relating to the Bachelor of Science component of the program, students should consult the Science Student Centre.
Program Objectives and Graduate Attributes
Please refer to the program objectives as listed for the 3986 Bachelor of Science (Advanced Mathematics) program and the 3543 Bachelor of Economics program.
Program Structure
A total of 240 units of credit is required to complete this dual degree program. Students must satisfy the following requirements for the Bachelor of Science (Advanced Mathematics) and Bachelor of Economics components.
Where the requirements for the two programs are completed in less than 240 units of credit due to overlapping courses, students may satisfy the remaining units of credit from those offered by UNSW Science, UNSW Business School or other Faculties within UNSW.
Requirements of the BEc in dual mode (96 UOC):
84 UOC of Economics courses consisting of:
Where the requirements for the two programs are completed in less than 240 units of credit due to overlapping courses, students may satisfy the remaining units of credit from those offered by UNSW Science, UNSW Business School or other Faculties within UNSW.
Requirements of the BEc in dual mode (96 UOC):
84 UOC of Economics courses consisting of:
- Compulsory first and second year courses account for 48 UOC (8 courses – see list below)
- Major requirements
- Electives offered by the School of Economics – 12 UOC.
And 12 UOC of Free electives
Please note: ACCT1501 is treated as an Economics course.
Please note: ACCT1501 is treated as an Economics course.
Compulsory core courses:
- ACCT1501 Accounting & Financial Mgt 1A (6 UOC)
- ECON1101 Microeconomics 1 (6 UOC)
- ECON1102 Macroeconomics 1 (6 UOC)
- ECON1401 Economic Analysis (6 UOC)
- ECON2101 Microeconomics 2 (6 UOC)
- ECON2206 Introductory Econometrics (6 UOC)
- MATH1141 Higher Mathematics 1A (6 UOC)
- MATH1241 Higher Mathematics 1B (6 UOC)
Please note: Bachelor of Science (Advanced Mathematics) students should note that they are required to complete two Level 1 MATH courses and these meet the requirements for the BEc core quantitative courses ECON1202 and ECON1203. Students should do the MATH courses which are required in the Advanced Mathematics specialisation they choose – the quantitative risk specialisation specifies MATH1151/MATH1251 rather than MATH1141/MATH 1241.
For ECON1202, the substitute courses are: MATH1141 or MATH1151.
For ECON1203, the substitute courses are: MATH1241 or MATH1251.
The ECON courses are not substitutes for these MATH courses. No credit will be given if students also complete the ECON courses.
Students have the option of counting the MATH courses towards the BSc (Advanced Maths) and doing additional electives offered by the School of Economics OR counting the MATH courses towards the BEc and doing additional electives offered by UNSW Science
For ECON1202, the substitute courses are: MATH1141 or MATH1151.
For ECON1203, the substitute courses are: MATH1241 or MATH1251.
The ECON courses are not substitutes for these MATH courses. No credit will be given if students also complete the ECON courses.
Students have the option of counting the MATH courses towards the BSc (Advanced Maths) and doing additional electives offered by the School of Economics OR counting the MATH courses towards the BEc and doing additional electives offered by UNSW Science
Major requirements
- Students must complete at least one major in Economics, Econometrics or Financial Economics consisting of ten courses (60UOC).
- A Major includes six courses (36UOC) from the compulsory first and second year core courses. (ACCT1501 and ECON1401 do not count towards a major.)
- For each major, students must complete an additional four courses, including at least three (3) level 3 courses (numbered 3XXX).
Economics electives – students are required to complete an additional two Economics courses (12 UOC) to complete the requirement for 84 UOC of Economics courses.
Free electives account for the balance of the degree requirements. These courses may be taken from those offered by the UNSW Business School or other Faculties within UNSW.
Free electives account for the balance of the degree requirements. These courses may be taken from those offered by the UNSW Business School or other Faculties within UNSW.
Requirements for the Bachelor of Science (Advanced Mathematics) in dual degree mode:
When taken as part of a dual degree, a Bachelor of Science (Advanced Mathematics) is comprised of 144 units of credit which includes:
- An approved major from the Bachelor of Science (Advanced Mathematics) program:
- SCIF1121 or SCIF1131;
- Honours Year (48 UOC);
- Science elective courses.
Honours
Honours in the BEc
Eligible students may do an additional Honours year in the Bachelor of Economics. For further information relating to Honours, please see the School of Economics Honours program website.
Eligible students may do an additional Honours year in the Bachelor of Economics. For further information relating to Honours, please see the School of Economics Honours program website.
Academic Rules
BEc Progression Rules
1. A minimum of 24 UOC of courses must be completed before enrolling in Level 2 courses.
2. A minimum of 48 UOC of courses must be completed before enrolling in Level 3 courses.
Students must declare their economics major before commencing Year 2
Academic rules relating to the Bachelor of Science (Advanced Mathematics) when taken as part of a dual degree are as follows:
1. Students must complete a minimum of 144 units of credit for the Bachelor of Science (Advanced Mathematics);
2. Students must complete exactly one approved Bachelor of Science (Advanced Mathematics) major, and this must be declared before enrolling in level III courses. Details of approved Bachelor of Science (Advanced Mathematics) majors and how to declare a major can be found on the 3986 Bachelor of Science (Advanced Mathematics) program page;
3. SCIF1121 Advanced Science: Professional Perspective and Practice (6 units of credit) or SCIF1131 Science: Technological and Professional Perspectives (6 units of credit) must be completed in first year.
4. An Honours Year of 48 units of credit must be completed. For information regarding the admission requirements and application process for honours, please see the information under 'Honours' on the 3986 Bachelor of Science (Advanced Mathematics) program page.
5. In addition to the courses required for a student's chosen major, SCIF1121/1131, and honours, students must take 'science' courses so that the major plus SCIF1121/1131, plus Honours year plus 'science' courses total 144 units of credit. Details of what courses constitute 'science' courses can be found in Table 1 on the 3986 Bachelor of Science (Advanced Mathematics) program page;
Majors in the Bachelor of Science (Advanced Mathematics) range from 84 units of credit to 114 units of credit. Honours is 48 units of credit, and SCIF1121/1131 is 6 units of credit, therefore students will typically need to take 0 - 6 units of credit of additional 'science' courses. This additional science course may need to be at level I depending on whether a major satisfies rule 6 below.
6. Students must complete at least 24 units of credit of 'science' level I courses;
Typically Advanced Mathematics majors already contain 24 units of credit of science level I courses, therefore, no further level I science courses are required. However, where a major does not already meet this requirement, additional level I science courses will need to be taken. These science level I courses count towards the 144 units of credit requirement at rule number 5.
7. A minimum of 30 units of credit of level III courses must be completed;
Typically Advanced Mathematics majors already contain 30 units of credit of level III courses, therefore, no further level III courses are required. However, where a major does not already meet this requirement, additional level III 'science' courses will need to be taken. These additional level III courses should be completed in a student's major area of study, or a complementary area that will be beneficial for a student's chosen honours area.
8. No student may commence level II courses until 30 units of credit of level I courses have been successfully completed. (This is 30 units of credit of courses taken towards the entire dual degree program and not just courses for the Science component);
9. Students may commence level III courses upon successful completion of 72 units of credit. (This is 72 units of credit of courses taken towards the entire dual degree program and not just courses for the Science component);
10. Progression to stages 2, 3, and 4 is subject to academic performance. Students will be required to attain a weighted average mark (WAM) of 70 in each semester. Where students do not maintain this minimum level of academic performance, they will be transferred to the Bachelor of Science program.
Students wishing to complete a major in Quantitative Risk, should note that this is a large multi-disciplinary major, and when taken in a dual degree where there is little or no overlap of courses with the other degree program, may involve extra time and cost to complete, and may have visa implications for international students.
1. A minimum of 24 UOC of courses must be completed before enrolling in Level 2 courses.
2. A minimum of 48 UOC of courses must be completed before enrolling in Level 3 courses.
Students must declare their economics major before commencing Year 2
Academic rules relating to the Bachelor of Science (Advanced Mathematics) when taken as part of a dual degree are as follows:
1. Students must complete a minimum of 144 units of credit for the Bachelor of Science (Advanced Mathematics);
2. Students must complete exactly one approved Bachelor of Science (Advanced Mathematics) major, and this must be declared before enrolling in level III courses. Details of approved Bachelor of Science (Advanced Mathematics) majors and how to declare a major can be found on the 3986 Bachelor of Science (Advanced Mathematics) program page;
3. SCIF1121 Advanced Science: Professional Perspective and Practice (6 units of credit) or SCIF1131 Science: Technological and Professional Perspectives (6 units of credit) must be completed in first year.
4. An Honours Year of 48 units of credit must be completed. For information regarding the admission requirements and application process for honours, please see the information under 'Honours' on the 3986 Bachelor of Science (Advanced Mathematics) program page.
5. In addition to the courses required for a student's chosen major, SCIF1121/1131, and honours, students must take 'science' courses so that the major plus SCIF1121/1131, plus Honours year plus 'science' courses total 144 units of credit. Details of what courses constitute 'science' courses can be found in Table 1 on the 3986 Bachelor of Science (Advanced Mathematics) program page;
Majors in the Bachelor of Science (Advanced Mathematics) range from 84 units of credit to 114 units of credit. Honours is 48 units of credit, and SCIF1121/1131 is 6 units of credit, therefore students will typically need to take 0 - 6 units of credit of additional 'science' courses. This additional science course may need to be at level I depending on whether a major satisfies rule 6 below.
6. Students must complete at least 24 units of credit of 'science' level I courses;
Typically Advanced Mathematics majors already contain 24 units of credit of science level I courses, therefore, no further level I science courses are required. However, where a major does not already meet this requirement, additional level I science courses will need to be taken. These science level I courses count towards the 144 units of credit requirement at rule number 5.
7. A minimum of 30 units of credit of level III courses must be completed;
Typically Advanced Mathematics majors already contain 30 units of credit of level III courses, therefore, no further level III courses are required. However, where a major does not already meet this requirement, additional level III 'science' courses will need to be taken. These additional level III courses should be completed in a student's major area of study, or a complementary area that will be beneficial for a student's chosen honours area.
8. No student may commence level II courses until 30 units of credit of level I courses have been successfully completed. (This is 30 units of credit of courses taken towards the entire dual degree program and not just courses for the Science component);
9. Students may commence level III courses upon successful completion of 72 units of credit. (This is 72 units of credit of courses taken towards the entire dual degree program and not just courses for the Science component);
10. Progression to stages 2, 3, and 4 is subject to academic performance. Students will be required to attain a weighted average mark (WAM) of 70 in each semester. Where students do not maintain this minimum level of academic performance, they will be transferred to the Bachelor of Science program.
Students wishing to complete a major in Quantitative Risk, should note that this is a large multi-disciplinary major, and when taken in a dual degree where there is little or no overlap of courses with the other degree program, may involve extra time and cost to complete, and may have visa implications for international students.
Fees
For information regarding fees for UNSW programs, please refer to the following website: https://my.unsw.edu.au/student/fees/FeesMainPage.html
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 UNSW Business School Student Centre for advice.
tel: + 61 2 9385 3189
location: Level 1, room 1028, Quadrangle Building
Forms, policies and procedures
Frequently asked questions
Contact the UNSW Business School Student Centre for advice.
tel: + 61 2 9385 3189
location: Level 1, room 1028, Quadrangle Building
Forms, policies and procedures
Frequently asked questions
Related Program(s)
3543 Economics
3986 Advanced Mathematics
3563 Economics / Science
3566 Economics / Science (Adv Sc)
3521 Commerce/Economics
4744 Economics / Law
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