• Total units 48 Units
  • Major code ECST-MAJ
  • Academic career Undergraduate

The major in Economic Studies introduces students to the core concepts and techniques used in economic analysis with applications to a wide variety of issues including: economic development, public policy, macroeconomic forecasting, the design of financial contracts and industrial strategy. It is an exciting and broad-ranging major which offers insight into the ways that individuals make decisions and interact, the ways that businesses are structured and compete, and the role of government in economic activity.

The aim of the major in Economic Studies is to develop the knowledge and skills of students to enable them to embark upon a professional career in areas such as economics, financial markets, government policy, investment banking, consulting and business administration.

Learning outcomes

Upon successful completion of the major in Economic Studies, students will have the knowledge and skills to:

  1. Understand the roles played by consumers, producers and government institutions as the major components of a modern economy.

  2. Understand the basic principles and theory used in designing economic solutions to real world problems.

  3. Apply economic models of how individuals make decisions and interact, the ways that businesses are structured and compete, and the role of government in economic activity in order to it improve economic, social and business outcomes.

  4. Apply economic ideas to problems in other fields such as politics, science and engineering.

  5. Synthesize and communicate economic ideas in modes appropriate to a variety of audiences.

Learning Outcomes

Upon successful completion of the major in Economic Studies, students will have the knowledge and skills to:

  1. Understand the roles played by consumers, producers and government institutions as the major components of a modern economy.
  2. Understand the basic principles and theory used in designing economic solutions to real world problems.
  3. Apply economic models of how individuals make decisions and interact, the ways that businesses are structured and compete, and the role of government in economic activity in order to it improve economic, social and business outcomes.
  4. Apply economic ideas to problems in other fields such as politics, science and engineering.
  5. Synthesize and communicate economic ideas in modes appropriate to a variety of audiences.
  6. Work in both independent and collaborative ways with others.

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Requirements

The Economic Studies major is not available to students undertaking the Bachelor of Economics, either as a single degree or as part of a flexible double degree.

This major requires the completion of 48 units, which must consist of:

24 units from completion of the following course(s):

Code Title Units
ECON1101 Microeconomics 1 6
ECON1102 Macroeconomics 1 6
ECON1100 Economics I (H) 6
ECON2101 Microeconomics 2(P) 6
ECON2102 Macroeconomics 2(P) 6
ECON2016 Economics II (H) 6

18 units from completion of the following course(s):

Code Title Units
ECON2133 Cost-benefit Analysis 6
ECON2139 Law and Economics(H) 6
ECON2141 Strategic Thinking: An introduction to Game Theory 6

A minimum of 6 units must come from completion of courses from the following list:

Code Title Units
ECON3101 Microeconomics 3 6
ECON3102 Macroeconomics 3 6

18 units from completion of the following course(s):

Code Title Units
ASIA2067 Economies of Emerging Asia 6
ECHI1006 The Australian Economy: Past and Present 6
ECHI3008 History of Economic Thought(P) 6
ECHI2006 The World Economy Since 1800 (P) 6
ECON2008 Japanese Economy and Economic Policy 6
ECON2009 Labour Economics and Industrial Relations(P) 6
ECON2013 Behavioral Economics 6
ECON2014 Managerial Economics 6
ECON2026 Money and Banking 6
ECON2091 The Economy, Politics and the State 6
ECON2120 Law and Economics(P) 6
ECON2128 Resource and Environmental Economics (P) 6
ECON2131 Public Sector Economics (P) 6
ECON2900 Development Poverty and Famine 6
ECON3006 Financial Economics(P) 6
ECON3009 Southeast Asian Economic Policy and Development(P) 6
ECON3013 International Economics (H) 6
ECON3023 Economic Policy Issues 6
ECON3053 Political Economy of Macroeconomic Policy 6
ECON3057 Industrial Organisation(P) 6
ECON3101 Microeconomics 3 6
ECON3102 Macroeconomics 3 6
ECON3103 International Economics 6
ECON3152 Game Theory (P) 6
EMET1001 Foundations of Economic and Financial Models 6
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