single degree

Bachelor of Economics

A single three year undergraduate degree offered by the ANU College of Business and Economics

BEC
  • Length 3 year full-time
  • Minimum 144 Units
Admission requirements
  • Field of Education
    • Economics
  • Length 3 year full-time
  • Minimum 144 Units
Admission requirements
  • Field of Education
    • Economics

Why is something as superfluous as diamonds so costly, but something as essential as water so cheap? How can the cost of the coffee beans make up only a few cents of the price of a cup of coffee? With the world’s highest minimum wage rate, can Australia ever compete with low wage countries?

 

The ANU Bachelor of Economics provides a framework and a way of thinking to help answer questions like these. Your coursework will span economics (both theory and applied), economic history, and econometrics while developing your analytical problem-solving and quantitative skills.

 

Whether working as an economist or in some other role, your Bachelor of Economics degree and training will be sought after.

Career Options

Graduates from ANU have been rated as Australia's most employable graduates and among the most sought after by employers worldwide.

The latest Global Employability University Ranking, published by the Times Higher Education, rated ANU as Australia's top university for getting a job for the fourth year in a row.

Employment Opportunities

Economics provides a foundation for careers in:

  • Public policy
  • International development
  •  Business and management
  • Government and politics 
  • Law
  • Finance and insurance
  • Teaching and education
  • Marketing and tourism 
  • Examples of job titles in economics are listed below.

Government Departments
Australian and overseas governments provide many career paths for economists.  Departments like Finance, Treasury, the Australian Bureau of Statistics, the Productivity Commission and the Australian Bureau of Agriculture and Resource Economics recruit heavily from the ANU.  Economists are also much in demand in other government departments dealing with issues such as Trade, Education, Employment and Social Security.  

Business and Management
Firms recruit economists because their advice is vital to businesses in understanding their business environment, how competitors react, and how changes in things such as interest rates, oil prices, exchange rates and consumer demand are likely to affect the business.  Consultancy and accounting firms employ economists to advise their clients which include both private firms and governments.

International Agencies
International agencies such as the World Bank, the International Monetary Fund and Oxfam recruit economists to advise them on the effects of policy changes, financial crises and conflicts in one part of the global economy on another, as they are transmitted through trade and financial flows.  Economists advise on trade policy and macroeconomic policy coordination.

Resource and Environmental Economist
Economists are employed to study natural resource use and environmental problems and their relationship to economic behaviour.  Employers include mining firms and regulatory agencies.  Economists contribute to the better management of natural resources and improving the global environment.

Schools and Universities
There is a thriving national and international market for academic economists in High Schools / Colleges and Universities. 

Finance and Banking
Financial institutions including Banks, and in particular the Reserve Bank of Australia, actively recruit economists to advise them on the state of the economy and on risks from factors such as interest rate changes and exchange rate movements.

Learning Outcomes

Upon successful completion of a Bachelor of Economics, graduates will be able to:

  1. to solve economic problems using analytical reasoning;
  2. apply economic analysis to a wide variety of economic issues;
  3. use basic empirical estimation techniques to test economic predictions;
  4. provide insight into the way that households and individuals make decisions and interact, and the role of government in providing public goods and regulating the market sector;
  5. learn how to communicate rigorous economic analysis in a coherent way

Further Information

Students in the Bachelor of Economics (a single or a combined degree with Economics) are not eligible to take Economic Studies major or/and minor.

Please note:  The course elective requirement that immediately follows the requirement of completion of Macroeconomics 2 (P), Economics II (H), or Macroeconomics 2 (H) specifies 6 units from completion of a course from a list of 11 possible courses.  For 2016, the list of 11 possible course has been expanded to include the following four courses:
  • ECHI1006 The Australian Economy: Past and Present
  • ECON2013 Behavioural Economics: Psychology and Economics
  • ECON2900 Development Poverty and Famine(P)
  • ECON2901 Development Poverty and Famine(H)

Electives: 

Students have 48 units of electives in a single degree program. Electives can be selected from CBE or other Colleges. No more than 10 courses at 1000 level.

Students wish to undertake an out of college elective may contact the relevant College directly.

Student Responsibility:

It is the student's responsibility to select electives in such a way that:

  • they satisfy prerequisites for the corresponding course/s.
  • they conform to the rules set out in Programs and Courses or if unsure seek advice from the CBE office.

It is the student's responsibility to select the courses appropriate for his/her program.

Admission Requirements

Admission to all programs is on a competitive basis. Admission to undergraduate degrees is based on meeting the ATAR requirement or an equivalent rank derived from the following qualifications:

• An Australian year 12 qualification or international equivalent; OR
• A completed Associate Diploma, Associate Degree, AQF Diploma, Diploma, AQF Advanced Diploma, Graduate Certificate or international equivalent; OR
• At least one standard full-time year (1.0 FTE) in a single program of degree level study at an Australian higher education institution or international equivalent; OR
• An approved tertiary preparation course unless subsequent study is undertaken.

Click HERE for further information about domestic admission.

Prerequisites

None. But assumed knowledge is:-
ACT: Mathematical Methods (Major)
NSW: Mathematics
QLD: Mathematics B
SA/NT: Mathematical Studies
TAS: Mathematics Methods
VIC: Mathematical Methods (CAS)
WA: Mathematics 3C/3D
IB: Mathematics (SL)

The table below is a guide to the entry level required for domestic applicants. Exact entry level will be set at time of offer.

Domestic applicant entry requirements

Queensland Band equivalents are a guide only - selection is made on a UAI equivalent that is not available to students.

International applicant entry requirements

International applicants may view further information on admissions requirements at Entry Requirements for International Undergraduate Applicants

The University reserves the right to alter or discontinue its programs as required.

ATAR:
86
QLD Band:
8
International Baccalaureate:
31

Bonus Points

The National Access Scheme 2014

ANU offers bonus points for nationally strategic senior secondary subjects, and in recognition of difficult circumstances that students face in their studies. 

Bonus points are applied to all applicants with an ATAR at or above 70. Points are awarded in accordance with the approved schedule, and no more than 10 points (maximum 5 academic points and maximum 5 equity points) will be awarded.

Bonus points do not apply to programs with an ATAR cutoff of 98 or higher.

Bonus Points are only awarded to domestic applicants applying for admission through UAC who have not previously attempted tertiary study.

How to apply

Academic Bonus Points: senior secondary students do not need to apply for ANU academic bonus points. They are automatically added in accordance with the schedule.

Educational Access Scheme: senior secondary students do not need to apply if their school is part of the Priority School Funding Program or Country Areas Program. All other applicants should refer to http://www.uac.edu.au/eas/  for more information.

Commonwealth Supported Place (CSP)

For more information see: http://www.anu.edu.au/students/program-administration/costs-fees

Annual indicative fee for international students
$39,024.00

Scholarships

ANU offers a wide range of scholarships to students to assist with the cost of their studies.

Eligibility to apply for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are.  Specific scholarship application process information is included in the relevant scholarship listing.

For further information see the Scholarships website.

Program Requirements

The Bachelor of Economics requires completion of 144 units, of which:

A maximum of 60 units may come from completion of 1000-level courses

 

The 144 units must include:

 

36 units from completion of the following compulsory courses:

ECON1101 Microeconomics 1

ECON3101 Microeconomics 3

ECON3102 Macroeconomics 3

EMET1001 Foundations of Economic and Financial Models

EMET2007 Econometrics I: Econometric Methods

STAT1008 Quantitative Research Methods

 

6 units from completion of a course from the following list:

ECON1100 Economics I (H)

ECON1102 Macroeconomics 1

 

6 units from completion of a course from the following list:

ECON2101 Microeconomics 2(P)

ECON2111 Microeconomics 2(H)

 

6 units from completion of a course from the following list:

ECON2016 Economics II (H)

ECON2102 Macroeconomics 2(P)

ECON2112 Macroeconomics 2(H)

 

6 units from completion of a course from the following list:

ECHI1006 The Australian Economy: Past and Present

ECHI3008 History of Economic Thought(P)

ECHI3009 World Economy Since 1800

ECHI3018 History of Economic Thought (H)

ECHI3019 The World Economy Since 1800 (H)

ECON2013 Behavioral Economics

ECON2014 Managerial Economics

ECON2026 Money and Banking

ECON2091 The Economy, Politics and the State

ECON2120 Law and Economics(P)

ECON2139 Law and Economics(H)

ECON2141 Strategic Thinking: An introduction to Game Theory

ECON2900 Development Poverty and Famine

ECON2901 Development Poverty and Famine(H)
 

18 units from completion of courses on List 1 of the ANU College of Business and Economics
 

18 units from completion of courses on List 2 of the ANU College of Business and Economics

 

48 units from completion of elective courses offered by ANU

 

For majors and minors offered by the ANU College of Business and Economics, students may count a course towards multiple majors and minors. If a minor is a subset of all stated courses and/or prerequisites for a major, then completion of the major overrides completion of the minor, and only the major is regarded as having been completed.  If all courses in a major and/or minor are compulsory courses in the degree, the major and/or minor will not be listed on the transcript.

Honours

Alongside the courses in the economics degree, an Honours stream is offered commencing in second semester of first year. This stream is designed for (but not exclusive to) students whose performance in economics is at credit level or better. It aims to provide students with a deeper understanding of economic analysis and to impart greater confidence and capacity in addressing economic issues. Participation in the Honours stream is important for students who may wish to work as professional economists or who want to go on to further study of economics at the fourth year or at graduate level. The Honours stream involves an additional lecture and tutorial per week, plus an additional examination each semester. Students are able to enter, or leave, the Honours stream at any stage during the degree.

After the standard three-year program, students can undertake Honours as a fourth year of study in Applied Economics, Economics, Econometrics or Economic History. Entry is by invitation to high achieving students. Anyone with high grades in three-year economics undergraduate degrees at other universities may also be eligible to enter the Honours year.

Interested students can obtain advice from the Honours Convenor in the Research School of Economics.

Elective Study

Once you have met the program requirements of your degree, you may have enough electives to complete an additional elective majorminor or specialisation.

Study Options

Year 1 48 units ECON1101 Microeconomics 1 6 units STAT1008 Quantitative Research Methods 6 units List 1 Elective Course 6 units Elective Course 6 units
ECON1102 Macroeconomics 1 6 units EMET1001 Foundations of Economic and Financial Models 6 units List 1 Elective Course 6 units Elective Course 6 units
Year 2 48 units ECON2101 Microeconomics 2(P) 6 units EMET2007 Econometrics I: Econometric Methods 6 units List 2 Elective Course 6 units Elective Course 6 units
ECON2102 Macroeconomics 2(P) 6 units List 2 Elective Course 6 units Elective Course 6 units Elective Course 6 units
Year 3 48 units ECON3101 Microeconomics 3 6 units List 1 Elective Course 6 units Elective Course 6 units Elective Course 6 units
ECON3102 Macroeconomics 3 6 units List 2 Elective Course 6 units List 1 Elective Course 6 units Elective Course 6 units

Back to the Bachelor of Economics page

The Bachelor of Economics degree offers you rigorous training in the analytic tools of economics, and the opportunity to apply these to a wide variety of economic issues. It is an intellectually challenging degree that develops powers of logical analysis. It offers you an insight into the ways in which households and individuals make decisions and interact, and the role of government in providing public goods and regulating the market sector.

Single degree

  • This degree requires 24 courses (144 units)
  • A maximum of 60 units of 1000 level courses
  • 13 compulsory courses
  • 11 electives (of which 3 must be CBE List 1 elective courses)
Commencing Semester 1:

Semester 1 

  • ECON1101 Microeconomics 1 - 6 units
  • STAT1008 Quantitative Research Methods - 6 units
  • List 1 Elective Course - 6 units
  • Elective - 6 units

Semester 2 

  • ECON1102 Macroeconomics 1- 6 units
  • EMET1001 - Foundations of Economic and Financial Models - 6 units
  • List 1 Elective Course - 6 units
  • Elective - 6 units

Commencing Semester 2:
Semester 2 

  • ECON1101 Microeconomics 1 - 6 units
  • STAT1008 Quantitative Research Methods - 6 units
  • Elective Course - 6 units
  • Elective - 6 units

Double degree

  • This degree requires 96 units of CBE courses
  • A maximum of 48 units of 1000 level CBE courses
  • 13 compulsory courses
  • 3 CBE List 1 elective courses
Commencing Semester 1:

Semester 1 

  • ECON1101 Microeconomics 1 - 6 units
  • STAT1008 Quantitative Research Methods - 6 units

Semester 2 

  • ECON1102 Macroeconomics 1- 6 units
  • EMET1001 - Foundations of Economic and Financial Models - 6 units

 

Commencing Semester 2:
Semester 2 

  • ECON1101 Microeconomics 1 - 6 units
  • STAT1008 Quantitative Research Methods - 6 units

About this degree

Single degree
In a Bachelor of Economics single degree program you will study a total of 144 units.  Typically you will take 4 courses per semester (total of 24 units) as a full time student giving you a total of 24 courses across your whole degree. You will need to complete a minimum of 16 CBE courses (96 units) but will also get to choose 8 courses (48 units) from other ANU Colleges.  You can try a range of courses or take a major or minor in a non-CBE subject, the choice is yours.



Double degree
In a Bachelor of Economics double degree program you will study a total of 16 courses (96 units).  Typically you will take 4 courses per semester (total of 24 units) as a full time student giving you a total of 16 courses (96 units) across your whole degree.  However, for each semester you are likely to take 2 courses from your Economics degree and then 2 courses from the other half of you degree - still a total of 4 courses a semester.


Enrolment Status

It is possible to enrol in fewer courses per semester but it will take you longer to finish your program and get your degree. If you are an international student you must always be enrolled full-time in 24 units each semester.

Important things to keep in mind when choosing your 1000-level courses

When you enrol for the first time you will study ‘1000-level’ courses. These courses have ‘1’ as the first number in their course code, such as ECON1101.

Please also note that:

  • You need to enrol in courses for both First Semester and Second Semester.
  • You cannot study more than four courses (24 units) per semester, eight for the year.
  • You may take 1000-level courses later in your program.   But remember you can’t count more than ten 1000-level courses (60 units) in total towards your single degree.
  • You can change your enrolment in courses up until the end of week 2 of each semester without penalty.

Electives

You can use your electives to enrol in any courses that you like, provided you meet prerequisite requirements.

  • Remember that you can choose up to 8 courses from another ANU College if you are undertaking the single Bachelor of Economics degree.
  • If you are in a double degree, your electives must be CBE courses.
  • Don't forget the maximum number of 1000 level courses is 10 in single degree.




Study Options

Bachelor of Economics

This is a typical study plan for the first year of a student undertaking a Bachelor of Economics degree

Study Options

Year 1 48 units ECON1101 Microeconomics 1 6 units STAT1008 Quantitative Research Methods 6 units CBE List 1 elective 6 units (ECHI1006)* Elective 6 units
ECON1102 Macroeconomics 1 6 units EMET1001 Foundations of Economic and Financial Models 6 units CBE List 1 elective 6 units Elective 6 units

Bachelor of Economics - Double Degree

This is a typical study pattern for the first year of a student undertaking a Bachelor of Economics with another degree, such as the Bachelor of Arts (degree B).

Study Options

Year 1 48 units ECON1101 Microeconomics 1 6 units STAT1008 Quantitative Research Methods 6 units Degree B course 6 units Degree B course 6 units
ECON1102 Macroeconomics 1 6 units EMET1001 Foundations of Economic and Financial Models 6 units Degree B course 6 units Degree B course 6 units

Disciplines

For further information on specific discipline you can:



Academic Advice

If after reading through these guidelines you are unsure about your which courses to enrol in, you can email info.cbe@anu.edu.au

If you are seeking status (credit) from previous study at another university you will need to submit a copy of your official transcript, detailed course outlines and a completed credit application form to info.cbe@anu.edu.au

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