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Economics minor
Bachelor of ArtsMinorYear: 2024
Economics minor
Contact information
Coordinator
Professor David Harris
Department of Economics
Email: econ-major@unimelb.edu.au
Currently enrolled students:
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
Upon completion of this minor, students should 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: 2 October 2024
Structure
75 credit points
The Department of Economics in the Faculty of Business and Economics offer a 75-point minor in the Bachelor of Arts. Introductory Microeconomics must be completed before entering Introductory Macroeconomics and Intermediate Microeconomics at level 2. Introductory Macroeconomics must be completed before Intermediate Macroeconomics at level 2
Students intending to complete a minor complete 75 points of core Economics subjects taken as breadth.
This minor requires the completion of:
- 25 credit points of Level 1 core subjects
- 25 credit points of Level 2 core subjects
- 25 credit points of Level 3 Economics electives
- Note: all 75 points of subjects in this minor are required to be taken within the breadth component of the degree
Level 1 core subjects
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON10004 | Introductory Microeconomics |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ECON10003 | Introductory Macroeconomics |
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Level 2 core subjects
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON20002 | Intermediate Microeconomics |
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
| ECON20001 | Intermediate Macroeconomics | Semester 2 (On Campus - Parkville) |
12.5 |
Level 3 Economics electives
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON30001 | International Trade Policy | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30002 | Economic Development | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30003 | Industrial Economics | Not available in 2024 | 12.5 |
| ECON30005 | Money and Banking | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30006 | Labour Economics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30007 | Economics of Food Markets | Not available in 2024 | 12.5 |
| ECON30008 | History of Economic Thought | Not available in 2024 | 12.5 |
| ECON30009 | Macroeconomics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30010 | Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30011 | Environmental Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30013 | Economic Analysis and Policy | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30016 | The Economics of Taxation | Not available in 2024 | 12.5 |
| ECON30017 | Organisations, Economics and Incentives | Not available in 2024 | 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 |
| ECON30024 | Economics of Financial Markets | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30025 | Computational Economics and Business | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30023 | Health Economics | Not available in 2024 | 12.5 |
| ECON30029 | International Macroeconomics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30030 | Topics in Asian Economic History | Not available in 2024 | 12.5 |
Notes
Last updated: 2 October 2024