Economics
Bachelor of CommerceMajorYear: 2020
Economics
Contact information
Coordinator
Prof. David Harris
Email: econ-major@unimelb.edu.au
Currently enrolled students:
All course planning and enrolment queries must be directed to Stop 1. Major Coordinators cannot assist with these.
Future Students:
Overview
Economists study how people choose to allocate resources. They look at the behaviour of individuals, organisations and governments to understand how markets function. Economics is essential to modern life. It seeks to understand, assess and explain the mechanisms of markets and national economies.
A major in economics builds problem-solving skills that are applicable to careers in business and government. It will teach you how to analyse and interpret data and will equip you with the tools to find smart solutions for the numerous problems confronting governments and the commercial world. Graduates with a major in Economics have varied employment opportunities in both the public and private sector. Three broad areas of study available within the main discipline are:
- Microeconomics
- Macroeconomics
- Econometrics
Intended learning outcomes
On successful completion of this major, students will be able to:
- Describe and explain the fundamental principles underpinning the functioning of markets
- Explain and critically analyse factors that determine economic decision making in households, firms and government
- Evaluate the impact of economic policy
- Identify issues and apply knowledge of theory to analyse real and hypothetical economic problems and suggest potential solutions
- Employ a range of tools of analysis pertinent to the evaluation of evidence in economic policy and behaviour, including statistical reasoning, and the use of econometric and/or mathematical computer software
- Understand the core methodological tools for working with economic data and be able to interpret and apply basic statistical and econometric methods and understand empirical papers of an appropriate level
- Interpret and critically evaluate articles in the economics literature
- Demonstrate appropriate communication skills for a professional environment
Last updated: 18 December 2020
Structure
62.5 credit points
This major requires the completion of 62.5 points, including 25 points of core level-2 subjects, and 37.5 points at level-3. Level-3 subjects must be a mix of Economics (ECON prefix) and Econometrics (ECOM prefix).
The standard quantitative requirement pathway for student majoring in Economics is Quantitative Methods 1 and Econometrics 1. However students who are strong in mathematics may wish to follow the mathematics pathway recommended for students considering further studies in economics.
Subject Options
Level 2
Both of:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON20001 | Intermediate Macroeconomics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON20002 | Intermediate Microeconomics |
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
Level 3
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 (On Campus - Parkville) |
12.5 |
| ECON30002 | Economic Development | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30003 | Industrial Economics | Not available in 2020 | 12.5 |
| ECON30005 | Money and Banking | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30006 | Labour Economics | Not available in 2020 | 12.5 |
| ECON30007 | Economics of Food Markets | Not available in 2020 | 12.5 |
| ECON30008 | History of Economic Thought | Not available in 2020 | 12.5 |
| ECON30009 | Macroeconomics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30010 | Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30011 | Environmental Economics | Not available in 2020 | 12.5 |
| ECON30013 | Economic Analysis and Policy | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30016 | The Economics of Taxation | Not available in 2020 | 12.5 |
| ECON30017 | Organisations, Economics and Incentives | Not available in 2020 | 12.5 |
| ECON30018 | Economics of the Law | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30019 | Behavioural Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30020 | Mathematical Economics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30022 | Experimental Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30023 | Health Economics | Not available in 2020 | 12.5 |
| ECON30024 | Economics of Financial Markets | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30025 | Computational Economics and Business | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30029 | International Macroeconomics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM30001 | Basic Econometrics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECOM30002 | Econometrics 2 |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ECOM30003 | Applied Microeconometric Modelling | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM30004 | Time Series Analysis and Forecasting | Semester 2 (On Campus - Parkville) |
12.5 |
Last updated: 18 December 2020