Economics

Overview

Please be advised that the Economics Specialisation does not accept applications for mid-year admission. Candidates can only commence in Semester 1.

The Faculty of Arts will not admit to honours a candidate who has previously graduated Bachelor of Commerce (honours or ordinary degree). This program is only available to students that have completed a Bachelor of Arts or equivalent. The honours year is an additional (fourth) year of specialised study in economics. It is an integrated program with small classes and an emphasis on research and specialised subject areas.

To be eligible for admission to honours in Economics students must have satisfied the requirements of the pass degree and completed a major in Economics (or equivalent) and obtain an average grade of at least H2B (70%) in each of the following third-year subjects or their equivalent:
ECON30009 Macroeconomics
ECON30010 Microeconomics
ECOM30002 Econometrics

Please note: ECOM30001 Basic Econometrics can meet entry requirements in place of ECOM30002 Econometrics in the 2017 and 2018 Honours intakes, but from the 2019 intake and onwards, ECOM30001 Basic Econometrics will no longer meet entry requirements for Honours (Economics).

Students are strongly advised to give early consideration to a topic for their fourth year research essay. They will need to obtain approval for it from an advisor during semester one of their fourth year.

Last updated: 3 May 2024

Structure

100 credit points

Subject Options

Compulsory subjects

Students enrolled in Honours in Economics must complete the following compulsory subjects:

Code	Name	Study period	Credit Points
ECON40001	Advanced Microeconomics	Semester 1 (Dual-Delivery - Parkville)	12.5
ECON40002	Advanced Macroeconomics	Semester 1 (Dual-Delivery - Parkville)	12.5
ECON40018	Economics Research Essay Part 1	Semester 1 (Dual-Delivery - Parkville)	12.5
ECON40019	Economics Research Essay Part 2	Semester 2 (Dual-Delivery - Parkville)	12.5

Honours subjects

By the end of the Honours Year, students must have completed at least one level-3 or level-4 econometrics subject in addition to

Code	Name	Study period	Credit Points
ECOM30001	Basic Econometrics	Semester 1 (Dual-Delivery - Parkville)	12.5

Basic Econometrics or

Code	Name	Study period	Credit Points
ECOM30002	Econometrics 2	Semester 1 (Dual-Delivery - Parkville) Semester 2 (Dual-Delivery - Parkville)	12.5

Econometrics. Namely one of:

Code	Name	Study period	Credit Points
ECOM40006	Econometrics 3	Semester 1 (Dual-Delivery - Parkville)	12.5
ECOM30003	Applied Microeconometric Modelling	Semester 2 (Dual-Delivery - Parkville)	12.5
ECOM30004	Time Series Analysis and Forecasting	Semester 2 (Dual-Delivery - Parkville)	12.5
ECOM40001	Microeconometrics	Semester 2 (Dual-Delivery - Parkville)	12.5
ECOM40004	Financial Econometrics	Semester 2 (Dual-Delivery - Parkville)	12.5

and three other subjects (if the econometrics requirement has been satisfied in third year, then four other subjects) normally level-4 economics subjects.

Students may choose up to two level-3 economics subjects (to include an econometrics subject) and one subject from another department within the University with the honours convenor's approval.

Students who take

Code	Name	Study period	Credit Points
ECON40015	Financial Economics	Not available in 2022	12.5

Financial Economics cannot include

Code	Name	Study period	Credit Points
ECON30024	Economics of Financial Markets	Semester 1 (Dual-Delivery - Parkville)	12.5

Economics of Financial Markets in their final honours year program.

Notes

Please note: ECOM30001 Basic Econometrics can meet entry requirements in place of ECOM30002 Econometrics in the 2017 and 2018 Honours intakes, but from the 2019 intake and onwards, ECOM30001 Basic Econometrics will no longer meet entry requirements for Honours (Economics).

Students are strongly advised to give early consideration to a topic for their fourth year research essay. They will need to obtain approval for it from an advisor during semester one of their fourth year.

Last updated: 3 May 2024