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.

Studying international relations at ANU means you will be studying the best program of its kind in Australia and graduating with one of the most respected degrees in this field in the world. The Master of International Relations is the only international relations program in Australia that blends a concern with global politics, leading disciplinary innovations in thought and practice, and an engagement with the Asia-Pacific region. The program equips you with a keen understanding of the pressing issues of our time by providing you with access to globally-recognised experts in face-to-face seminars. 

In this degree, students will learn to make sense of the big political and security trends taking place in the region and the world, and come to terms with the significant debates in the field of International Relations. The Master of International Relations encourages and equips students to form their own world views and generate their own analyses of the important issues shaping our world today. 

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.

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

1. Discuss the dynamics of contemporary international relations, especially in the Asia-Pacific region;
2. Discuss the key theories for the analysis of contemporary international relations;
3. Use international relations theory to reflect upon contemporary problems in areas such as international security, global governance, international political economy or human rights;
4. Conduct high-level research and writing to undertake self-directed study in international relations;
5. Analyse new areas of concern in both scholarly and policy-relevant terms;
6. Communicate their findings in academic and practical contexts, justifying their approach and methods in appropriate.

Additional Information

• 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)

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.

Study Plans:
Study Plans for Commencing Semester 1 or 2

• 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)

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.

Study Plans:
Study Plans for Commencing Semester 1 or 2

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.

More information about ATAR requirements for individual programs can be found HERE.

The National Register of higher education providers is an authoritative source of information that will help you confirm your institution of choice is registered to deliver higher education in Australia.

The Quality Indicators for Learning and Teaching (QILT) website is HERE. Based on surveys done by thousands of students across Australia you can find out about universities that interest you, doing side-by-side comparisons.

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 an ATAR 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

There are no formal program prerequisites. But assumed knowledge is:-ACT: Mathematical Methods (Major)/Further Mathematics/Specialist Mathematics (major)/ Specialist Methods or NSW: Mathematics or equivalent. More information about interstate subject equivalencies can be found here.

Adjustment Factors

ANU offers rank adjustments for a number of adjustment factors, including for high achievement in nationally strategic senior secondary subjects and for recognition of difficult circumstances that students face in their studies. Rank adjustments are applied to Bachelor degree applicants with an ATAR at or above 70. Points are awarded in accordance with the approved schedules, and no more than 15 points (maximum 5 subject/performance-based adjustments, maximum 10 equity-based adjustments and maximum 5 Elite Athlete adjustments) will be awarded. Subject and performance-based adjustments do not apply to programs with a minimum selection rank of 98 or higher. Visit the ANU Adjustment Factors website for further information.

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

24 units from completion of the following introductory compulsory courses:

INTR8069 Writing International Relations 12 Units

INTR8071 World Politics 12 Units

24 units from completion of elective courses from ANU

Students must achieve a minimum GPA of 5.0 in the first 96 units attempted to commence the 24 units of Masters courses in their Bachelor degree. Students who do not achieve this GPA will be able to complete and graduate from their Bachelor degree but will not be able to undertake Masters courses.

If the total number of units attempted exceeds 96 in the same teaching period in which the 96^th unit is attempted, all courses attempted will be used in the calculation of the GPA.

The Master of International Relations requires the completion of 96 units, which must consist of:

24 units of specified credit from graduate courses completed in the Bachelor degree

24 units of unspecified credit

30 units from the completion of the following compulsory courses:

INTR8011 International Relations Theory

INTR8013 International Political Economy

INTR8032 Global Security

INTR8068 Making Foreign Policy

A minimum of 6 units from the completion of global political system courses from the following list:

POLS8043 Violence and Political Order

INTR8046 The Evolution of the International System

POLS8032 Globalisation: the Interaction of Economics and Politics

A maximum of 12 units from the completion of international politics, policy and security courses from the following list:

ASIA8049 International History from Asia and the Pacific: Framing Critical Perspectives

DIPL8044 Negotiation and Conflict Resolution (6 unit)

DIPL8003 Case Studies in Diplomacy

DIPL8008 The United Nations and Peace

DIPL8009 Diplomacy in a Globalising World

INTR8017 Issues in Australian Foreign Policy

INTR8018 Special Topics in International Relations

INTR8020 The Responsibility to Protect

INTR8022 Asia Pacific Security

INTR8028 Global Environmental Politics

INTR8036 World Politics

INTR8040 Ethnicity and Conflict in Asia and the Pacific

INTR8043 The Post-Colonial Pacific and Global Change

INTR8044 Global Civil Society and the Role of NGOs 1

INTR8045 Global Governance

INTR8050 States, Globalisation and the Movement of Peoples

INTR8052 Conflict Resolution and Peace Building

INTR8053 Ethics of Peace and War

INTR8058 Islam, Politics and Conflict in Southeast Asia

INTR8059 Democracy in World Politics

INTR8060 China: Global Engagement and Domestic Transformation

INTR8062 Humanitarianism in World Politics

INTR8063 Japan a& the World: Politics, Identity & Security

INTR8064 Gender, War, and Justice in South and Southeast Asia

INTR8065 Writing International Relations

INTR8068 Foreign Policy Analysis

INTR8067 U.S. Security Policy in the Asia-Pacific

INTR8070 International Organisation

INTR8072 Approaches and Methods in International Relations

INTR8073 Human Security

INTR8074 Chinese Thinking on International Relations

INTR8076 The History of International Thought

MEAS8111 Islam, the West and International Terrorism

MEAS8112 Dynamics of Israeli-Palestinian Conflict

MEAS8115 Islam in World Politics

NSPO8006 National Security Policymaking

NSPO8010 Civil-Military Relations

NSPO8015 Asian Regionalism and Security: Implications for Australia

NSPO8017 Malicious Networks: Transnational Terrorism and Crime

POGO8045 International Policy Making in the Shadow of the Future

POLS8019 Democracy and its Discontents

STST8052 The Resort to Force: Understanding Military Power

STST8053 Alliances in Asia: theory, history and practice

STST8056 Strategy and Southeast Asia: Defence and Security Dynamics

Minors

Bachelor of Economics Minors

Specialisations

Master of International Relations Specialisations

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.