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Bachelor of Commerce (B-COM) // Course structure

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Course structure

GENERAL POINTS REQUIREMENT

The Bachelor of Commerce requires the successful completion of 300 points that must include at least 225 points of commerce discipline subjects and at least 50 breadth points.

There are compulsory requirements at each level, a compulsory quantitative requirement, and requirements for majoring in a commerce discipline.

Level 1

  • A minimum of 87.5 points must be taken at Level-1. A maximum of 125 points may be taken at Level-1. A maximum of 37.5 points of breadth may be taken at Level 1. Students admitted to a Graduate Degree Package (GDP) to the Master of Engineering will be exempt from this Level 1 breadth maximum, as the following four Level 1 subjects will need to be taken to meet the pathway requirements: MAST10006 Calculus 2, MAST10007 Linear Algebra, and two first year Science subjects. (Note: Calculus 2 and Linear Algebra may not be required for certain engineering streams)
  • Level-1 compulsory subjects:

Code Name Study period Credit Points
ECON10004 Introductory Microeconomics
Semester 1
Semester 2
12.5
ECON10003 Introductory Macroeconomics
Summer Term
Semester 1
Semester 2
12.5
ACCT10001 Accounting Reports and Analysis
Summer Term
Semester 1
Semester 2
12.5
FNCE10002 Principles of Finance
Summer Term
Semester 1
Semester 2
12.5

Level 2

  • At least 62.5 points of commerce subjects at Level-2, including the compulsory subject:

Code Name Study period Credit Points
MGMT20001 Organisational Behaviour
Summer Term
Semester 1
Semester 2
12.5

  • Students commencing from before 2011 are not subject to the 62.5 point minimum.

Level 3

  • At least 50 points of commerce subjects at Level-3 to be completed at the University of Melbourne.
  • A minimum of 75 points must be taken at Level-3.

Remaining Points

  • The remaining 75 points must include one of the following:
    1. 50 breadth points and 25 commerce elective points
    2. 62.5 breadth points and 12.5 commerce elective points
    3. 75 breadth points
  • Students may not complete more than 37.5 breadth points at level-1 unless they have been admitted to the Graduate Degree Package (GDP) to the Master of Engineering.

COMPULSORY QUANTITATIVE REQUIREMENT

There are two ways to satisfy the quantitative requirement of the course:

Option 1 - Standard Path:

Code Name Study period Credit Points
ECON10005 Quantitative Methods 1
Semester 1
Semester 2
12.5

AND one level-2 quantitative subject from the list below:

Code Name Study period Credit Points
ECON20003 Quantitative Methods 2
Summer Term
Semester 1
Semester 2
12.5
ECOM20001 Econometrics 1
Semester 1
Semester 2
12.5
MGMT20005 Business Decision Analysis
Semester 2
12.5
MKTG20004 Market and Business Research
Semester 2
12.5

Option 2 - Mathematics Path:

Two level-2 subjects are taken in second year:

Code Name Study period Credit Points
MAST20005 Statistics
Summer Term
Semester 2
12.5

AND one of:

Code Name Study period Credit Points
MAST20006 Probability for Statistics
Semester 1
12.5
MAST20004 Probability
Semester 1
Semester 2
12.5

(Students pursuing actuarial studies must complete MAST20004)

Students who opt to complete the mathematics path, do not complete Quantitative Methods 1 and 2. They may, if they wish, complete any of:

Code Name Study period Credit Points
ECOM20001 Econometrics 1
Semester 1
Semester 2
12.5
MGMT20005 Business Decision Analysis
Semester 2
12.5
MKTG20004 Market and Business Research
Semester 2
12.5

Students who complete the mathematics path are still required to complete 62.5 points of level-2 commerce subjects; the mathematics subjects are counted as breadth.

The level-1 prerequisites for the mathematics path subjects above are as follows:

Students with a study score of 25 or above in units 3/4 VCE Mathematical Methods (or equivalent):

Code Name Study period Credit Points
MAST10005 Calculus 1
Semester 1
Semester 2
12.5
MAST10006 Calculus 2
Semester 1
Semester 2
12.5
MAST10007 Linear Algebra
Summer Term
Semester 1
Semester 2
12.5

Students with a study score of 27 or above in units 3/4 VCE Specialist Mathematics (or equivalent):

Code Name Study period Credit Points
MAST10006 Calculus 2
Semester 1
Semester 2
12.5
MAST10007 Linear Algebra
Summer Term
Semester 1
Semester 2
12.5

Students with a study score of 38 or above in units 3/4 VCE Specialist Mathematics (or equivalent):

Code Name Study period Credit Points
MAST10008 Accelerated Mathematics 1
Semester 1
12.5
MAST10009 Accelerated Mathematics 2
Semester 2
12.5

It is recommended that students not pursuing actuarial studies meet the prerequisites for MAST20006 Probability for Statistics and MAST20004 Probability by enrolling in MAST10006 Calculus 2 and MAST10007 Linear Algebra, even if they meet prerequisites for MAST10008 Accelerated Mathematics 1 and MAST10009 Accelerated Mathematics 2. Students intending to pursue actuarial studies will take the mathematics path and enrol in MAST20004 Probability.

Which Quantitative Subjects?

The choice of quantitative subjects will depend on your chosen field/s of study, your level of ability and interest in mathematics and the subjects in which you wish to enrol later in your degree.

Through the mathematics path, it is possible to satisfy the quantitative requirement of the course by taking mathematics subjects as breadth. This option is suitable for students who enjoy mathematics and have strong mathematical skills.

In deciding which quantitative subjects to take, you should check the prerequisites of the level-2 and level-3 subjects you wish to take to ensure you make the most appropriate choice.

MAJORS

Students must complete at least one major within the BCom, and may complete up to two majors. With the exception of the multidisciplinary business major and the economics major, a major requires the completion of 3 specified subjects at level-3. Subjects required for each of the majors are:

Accounting

37.5 level-3 points comprising:

Code Name Study period Credit Points
ACCT30001 Financial Accounting Theory
Semester 1
Semester 2
12.5
ACCT30002 Enterprise Performance Management
Semester 1
Semester 2
12.5
ACCT30004 Auditing and Assurance Services
Semester 1
Semester 2
12.5

Actuarial Studies

37.5 level-3 points chosen from:

Code Name Study period Credit Points
ACTL30001 Actuarial Modelling I
Semester 1
12.5
ACTL30002 Actuarial Modelling II
Semester 1
12.5
ACTL30003 Contingencies
Semester 2
25
ACTL30004 Actuarial Statistics
Semester 2
12.5
ACTL30005 Models for Insurance and Finance
Semester 2
12.5
ACTL30006 Financial Mathematics III
Semester 1
12.5

Business

75 level-3 points from three or more areas of study within the BCom.

Economics

25 level-2 & 37.5 level-3 points comprising:

Code Name Study period Credit Points
ECON20001 Intermediate Macroeconomics
Semester 2
12.5
ECON20002 Intermediate Microeconomics
Summer Term
Semester 1
12.5

And three level-3 Economics elective subjects - one of which must have a prefix ECON and one must have a prefix ECOM - chosen from:

Code Name Study period Credit Points
ECON30001 International Trade Policy
Semester 1
12.5
ECON30002 Economic Development
Semester 2
12.5
ECON30003 Industrial Economics
Semester 2
12.5
ECON30005 Money and Banking
Semester 1
12.5
ECON30006 Labour Economics Not available in 2019 12.5
ECON30007 Economics of Food Markets
Semester 2
12.5
ECON30008 History of Economic Thought Not available in 2019 12.5
ECON30009 Macroeconomics
Semester 2
12.5
ECON30010 Microeconomics
Semester 1
12.5
ECON30011 Environmental Economics
Semester 2
12.5
ECON30013 Economic Analysis and Policy
Semester 1
12.5
ECON30016 The Economics of Taxation Not available in 2019 12.5
ECON30017 Organisations, Economics and Incentives Not available in 2019 12.5
ECON30018 Economics of the Law
Semester 1
12.5
ECON30019 Behavioural Economics
Semester 2
12.5
ECON30020 Mathematical Economics
Semester 1
12.5
ECON30022 Experimental Economics
Semester 2
12.5
ECON30023 Health Economics Not available in 2019 12.5
ECON30024 Economics of Financial Markets
Semester 1
12.5
ECON30025 Computational Economics and Business
Semester 1
12.5
ECOM30001 Basic Econometrics
Semester 1
12.5
ECOM30002 Econometrics 2
Semester 1
Semester 2
12.5
ECOM30003 Applied Microeconometric Modelling
Semester 2
12.5
ECOM30004 Time Series Analysis and Forecasting
Semester 2
12.5

Finance

37.5 level-3 points comprising:

Code Name Study period Credit Points
FNCE30001 Investments
Semester 1
Semester 2
12.5
FNCE30007 Derivative Securities
Semester 1
Semester 2
12.5

And one Level-3 Finance elective subject, chosen from:

Code Name Study period Credit Points
FNCE30003 International Finance
Semester 1
12.5
FNCE30004 Asian Capital Markets
Semester 2
12.5
FNCE30006 Entrepreneurial Finance
Semester 1
12.5
FNCE30008 Street Finance
Semester 1
12.5
FNCE30009 Ethics in Finance
Summer Term
12.5
FNCE30010 Algorithmic Trading
Semester 2
12.5
FNCE30011 Essentials of Corporate Valuation
Semester 2
12.5
FNCE30012 Foundations of FinTech
Semester 2
12.5

Note: This structure for the Finance major applies to 2017-commencing students. Students who commenced in 2016 or earlier and who have completed FNCE10001 Finance 1 and/or FNCE20001 Business Finance are required to complete FNCE30002 Corporate Finance (per the previous major requirements).

Management

37.5 level-3 points comprising:

Code Name Study period Credit Points
BUSA30000 Business Judgement
Semester 1
Semester 2
12.5

And two level-3 Management elective subjects, chosen from:

Code Name Study period Credit Points
MGMT30002 Managing in Contemporary Organisations Not available in 2019 12.5
MGMT30004 International Human Resource Management
Semester 2
12.5
MGMT30005 Managing Strategic Change
Semester 2
12.5
MGMT30006 Managing Entrepreneurship and Innovation
Semester 1
12.5
MGMT30008 Organisations, Ethics and Society Not available in 2019 12.5
MGMT30011 Supply Chain Management
Semester 2
12.5
MGMT30012 Management Consulting
Semester 1
Semester 2
12.5
MGMT30013 Strategic Management
Semester 1
12.5
MGMT30015 Managing Work and Your Career
Semester 1
12.5
MGMT30017 Global Management Consulting
January
June
November
12.5
MGMT30018 Business Communication
Semester 2
12.5
MGMT30019 The Future of Work
Summer Term
12.5
MKTG30012 Business Ethics
Semester 1
12.5
IBUS30002 International Corporate Governance Not available in 2019 12.5
IBUS30003 Managing Conflict in Global Workplaces
Semester 2
12.5
IBUS30004 Chinese Business and Economy
Semester 2
12.5

Note: For students who commenced the Bachelor of Commerce prior to 2018, BUSA30000 Business Judgement is not a compulsory requirement for the Management or Marketing majors, but is highly recommended. BUSA30000 Business Judgement can only form part of ONE major. Students seeking a double major in Management and Marketing, must complete an additional level-3 subject in the second major (e.g. 37.5 level-3 points not including BUSA30000 Business Judgement).

Marketing

37.5 level-3 points comprising:

Code Name Study period Credit Points
BUSA30000 Business Judgement
Semester 1
Semester 2
12.5

And two level-3 Marketing elective subjects, chosen from:

Code Name Study period Credit Points
MKTG30003 Service and Relationship Marketing
Semester 1
12.5
MKTG30006 Retail Management
Semester 1
12.5
MKTG30007 Marketing and Society Not available in 2019 12.5
MKTG30008 Neuromarketing
Semester 2
12.5
MKTG30009 Digital Marketing
Semester 2
12.5
MKTG30010 Advertising and Promotions
Semester 2
12.5
MKTG30011 Product Management
Semester 1
12.5
MKTG30012 Business Ethics
Semester 1
12.5

Note: For students who commenced the Bachelor of Commerce prior to 2018, BUSA30000 Business Judgement is not a compulsory requirement for the Management or Marketing majors, but is highly recommended. BUSA30000 Business Judgement can only form part of ONE major. Students seeking a double major in Management and Marketing, must complete an additional level-3 subject in the second major (e.g. 37.5 level-3 points not including BUSA30000 Business Judgement).

Breadth in the Bachelor of Commerce

Breadth studies are those subjects chosen from outside the Faculty of Business and Economics. Students may take all of their 50 - 75 breadth points in one or more breadth disciplines. You can select subjects of your choice, or follow a breadth track: a set of complementary breadth subjects in various disciplines.

Note: Certain breadth subjects in law or mathematics must be taken to gain accounting or actuarial accreditation. Students pursuing an approved engineering breadth sequence or accreditation in actuarial studies should see 'special arrangements' below.

To view breadth subjects for this course, please refer to the Breadth Options section below.

Breadth subjects not available for Bachelor of Commerce students: any subjects offered by the Departments of Accounting, Economics, Finance and Marketing and Management and the Centre for Actuarial Studies cannot be taken as breadth subjects (even if expressly available as a breadth subject for students based in another degree).

Special arrangements

Students commencing in 2010 - 2016 who are pursuing an approved engineering breadth sequence in the civil, electrical, mechanical or software streams will undertake 112.5 points of breadth and 187.5 commerce points.

Students pursuing accreditation in actuarial studies will take 75 – 87.5 points of breadth, including two breadth subjects that are neither mathematics nor statistics.

Students enrolled in the Graduate Degree Package to the Master of Engineering, will be permitted to take up to fours specific Level 1 breadth subjects to meet the pathway requirements.

Progression

Students must complete 50 points of study at one year-level before proceeding to the next year-level.

Concurrent Diplomas

Certain breadth subjects may be cross-credited toward a concurrent diploma. These diplomas offer specialised study in a range of areas:

  • Diploma in Informatics
  • Diploma in Languages
  • Diploma in Mathematical Sciences
  • Diploma in Music (Practical)
  • Universitas 21 Diploma in Global Issues

Commencing students interested in pursuing a diploma should seek advice from both Stop 1 and the owning faculty of the diploma.