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.

ANU offers an outstanding variety of programs for Australia's next generation of language leaders, with more languages offered than at any other university in Australia. The ANU Bachelor of Languages is a wonderful way to take advantage of that, through the study of two (or more) languages, in combination with other areas of interest.

Your language education experience is designed to engage you with the structural, grammatical and idiomatic components of your chosen language or languages. This is further contextualised using cultural, social and historical concepts, issues and topics. You can start at beginning level, or at higher levels if you have past experience. Exciting opportunities exist for you to immerse yourself in your chosen language and culture through study abroad, and to combine your language study with a range of other areas.

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

1. 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. communicate proficiently and confidently in at least one language
2. identify the structure and uses of languages studied
3. recognise and contrast the societies and cultures of the languages chosen, and their socio-historical context
4. construct a global schema of the connections between the languages studied and their geographical, social and cultural origins
5. recognise the importance and value of intercultural communication.

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 or Economics II (H) specifies 6 units from completing a course from a list of 11 possible courses. The list of 11 possible courses 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 wishing 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

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 or Economics II (H) specifies 6 units from completing a course from a list of 11 possible courses. The list of 11 possible courses 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 wishing 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

At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not guarantee entry into the program.

In line with the university's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors.

The University reserves the right to alter or discontinue its programs and change admission requirements as needed.

Domestic applicants

Before applying for a program, you should review the general information about domestic undergraduate admission to ANU programs and how to apply, and the program-specific information below.

• Applicants with recent secondary education are assessed on:
  • completion of Australian Year 12 or equivalent, and the minimum Selection Rank (from their academic qualifications, plus any adjustment factors) requirement for this program; and
  • co-curricular or service requirement (applies to applicants who complete secondary education in the year prior to commencing at ANU); and
  • English language proficiency; and
  • any program-specific requirements listed below.
• Applicants with higher education study are assessed on:
  • previous higher education studies; or secondary education results if completed less than one full-time equivalent year (1.0 FTE) of a degree; or the result from a bridging or preparatory course; and
  • English language proficiency; and
  • any program-specific requirements listed below.
• Applicants with vocational education and training (VET) study are assessed on:
  • previously completed VET qualifications at AQF level 5 or higher (i.e. a Diploma or above); or secondary education results if the VET qualification is not completed; and
  • English language proficiency; and
  • any program-specific requirements listed below.
• Applicants with work and life experience are assessed on:
  • ATAR or equivalent if secondary education was completed; or the Special Adult Entry Scheme (SAES); or work experience; and
  • English language proficiency; and
  • any program-specific requirements listed below.

International applicants

Applicants who complete a recognised secondary/senior secondary/post-secondary/tertiary sequence of study will be assessed on the basis of an equivalent selection rank that is calculated upon application. A list of commonly observed international qualifications and corresponding admission requirements can be found here. Applicants must also meet any program specific requirements that are listed below.

Diversity factors & English language proficiency  
As Australia's national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe. If required, competitive ranking may further be confirmed on the basis of demonstrating higher-level English language proficiency.

Further information is available for English Language Requirements for Admission

Prerequisites

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

Adjustment Factors

Adjustment factors are additional points added to an applicant's Selection Rank (for example an applicant's ATAR). ANU offers adjustment factors based on performance and equity principles, such as for high achievement in nationally strategic senior secondary subjects and for recognition of difficult circumstances that students face in their studies. 

Selection Rank adjustments are granted in accordance with the approved schedules, and no more than 15 (maximum 5 subject/performance-based adjustment factors and maximum 10 equity-based adjustment factors) can be awarded. 

You may be considered for adjustment factors if you have:

• applied for an eligible ANU Bachelor degree program
• undertaken Australian Year 12 or the International Baccalaureate
• achieved an ATAR or equivalent at or above 70
• not previously attempted tertiary study.

Please 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 flexible double degree component requires completion of 96 units, of which:

A maximum of 48 units may come from completion of 1000-level courses

The 96 units must consist of:

42 units from completion of the following compulsory courses:

ECON1101 Microeconomics 1

ECON2101 Microeconomics 2

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:

ECON2016 Economics II (H)

ECON2102 Macroeconomics 2(P)

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

ECHI1006 The Australian Economy: Past and Present

ECHI3009 World Economy Since 1800

ECON2013 Behavioral Economics

ECON2014 Managerial Economics

ECON2026 Money and Banking

ECON2091 The Economy, Politics and the State

ECON2120 Law and Economics(P)

ECON2141 Strategic Thinking: An introduction to Game Theory

ECON2900 Development Poverty and Famine

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

If your flexible double degree is within the College of Business and Economics (for example Commerce and Economics), the below study plan may show the same course twice. If this is the case, you must only do the course once and replace the other course with a University Wide Elective or CBE List 1 elective. Please note that you cannot exceed 8 out of college electives.

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.

The Bachelor of Languages flexible double degree component requires completion of 96 units, of which:

A maximum of 36 units may come from completion of 1000-level courses

The 96 units must consist of:

Either

48 units from completion of one of the following language majors:

Ancient Greek

Arabic

Chinese Language

French Language and Culture

German Language and Culture

Hindi Language

Indonesian Language

Italian Language and Culture

Japanese Language

Korean Language

Latin

Persian

Sanskrit Language

Spanish

Thai Language

Vietnamese Language

OR

24 units from completion of the one of the following advanced minors

Advanced Ancient Greek

Advanced Arabic

Advanced Chinese Language

Advanced French Studies

Advanced German Studies

Advanced Italian Studies

Advanced Japanese Language

Advanced Korean Language 

Advanced Latin

Advanced Persian

Advanced Sanskrit Language

Advanced Spanish Studies

24 units from courses available in:

• the International Communication Major 
• the Advanced Minor
• the following language minors, which must be in a different language to the Advanced Minor:

Advanced English Language

Ancient Greek

Arabic

Burmese Language

Chinese Language

French Language and Culture

German Language and Culture

Hindi Language

Indonesian Language

Italian Language and Culture

Japanese Language

Japanese Linguistics

Korean Language

Latin

Literary Chinese

Mongolian Language

Persian

Russian

Sanskrit Language

Spanish

Tetum Language

Thai Language

Tok Pisin Language

Vietnamese Language

24 units from completion of one of the following language minors, which must be in a different language to the major or advanced minor from the list above:

Advanced Ancient Greek

Advanced Arabic

Advanced Chinese Language

Advanced English Language

Advanced French Studies

Advanced German Studies

Advanced Italian Studies

Advanced Japanese Language

Advanced Korean Language 

Advanced Latin

Advanced Persian

Advanced Sanskrit Language

Advanced Spanish Studies

Literary Chinese

Ancient Greek

Arabic

Burmese Language

Chinese Language

French Language and Culture

German Language and Culture

Hindi Language

Indonesian Language

Italian Language and Culture

Japanese Language

Japanese Linguistics

Korean Language

Latin

Mongolian Language

Persian

Russian

Sanskrit Language

Spanish

Tetum Language

Thai Language

Tok Pisin Language

Vietnamese Language

A minimum of 12 units and maximum of 18 units from completion of courses in the Linguistics major

A minimum of 6 units and maximum of 12 units from completion of courses in any of the following majors:

Asian Studies

Australian Indigenous Studies

Computer Science 

Contemporary Europe

English

International Communication

Mathematical Modelling

Mathematics

Middle Eastern and Central Asian Studies

Pacific Studies

Majors

Bachelor of Languages Majors

Minors

Bachelor of Languages Minors

Bachelor of Economics Minors

Study Options