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Australian National University

single degree

Bachelor of Economics

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

BEC
  • Length 3 years full-time
  • Minimum 144 Units
Admission requirements
First year student? There’s more information about enrolling in your degree.

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' 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

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

Students who successfully complete this degree are trained: 

  • to solve economic problems using analytical reasoning; 
  •  apply economic analysis to a wide variety of economic issues;  
  • use basic empirical estimation techniques to test economic predictions;  
  • 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;  
  • learn how to communicate rigorous economic analysis in a coherent way

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 or Graduate Certificate; 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
• An approved tertiary preparation course unless subsequent study is undertaken.

Click HERE for further information about domestic admission pathways.

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

ATAR:
86
QLD Band:
8
International Baccalaureate:
32

Domestic applicant entry requirements

From 2010, the UAI/ENTER/TER will be referred to as ATAR (Australian Tertiary Admission Rank) for admission. See http://www.uac.edu.au/undergraduate/atar/ for further information.

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.

Prerequisites

None. But assumed knowledge is:-
ACT: Advanced Mathematics Major
NSW: HSC Mathematics
QLD: Mathematics B or Mathematics C
SA/NT: Mathematics 1 (single) or Mathematics 1 (double) or Mathematics 2
TAS: Mathematics Stage 2 or Mathematics Stage 3
VIC: Mathematical Methods 3/4 or Specialist Mathematics 3/4
WA: Applicable Mathematics or Calculus
IB: Mathematics (SL) OR Mathematics (HL)

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 www.uac.edu.au/undergraduate/eas for more information.

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 1: Econometric Methods

STAT1008 Quantitative Research Methods

 

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

ECON1100 Economics 1 (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:

ECON2102 Macroeconomics 2 (H)

ECON2112 Macroeconomics 2 (H)

 

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

ECHI1006 The Australian Economy: Past and Present

ECON2013 Behavioural Economics: Psychology and 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 (P)

ECON2900 Development Poverty and Famine(P)

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.

Elective Study

Once you have met the program requirements of your degree, you may have enough electives to complete an additional elective major,  minor 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

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. 

Indicative Fees

Annual indicative fee for international students
$33,168.00

Scholarships

ANU offers a wide range of scholarships to current and future students to assist with the cost of their studies. The University is committed to enabling all students, regardless of their background, to achieve their best at ANU and realise their potential. 

Eligibility 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.

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