You'll put to use problem-solving and data analysis skills needed in both business and government settings and develop the tools to make smarter decisions about real-world scenarios.
Your major structure
You can complete this major in either the Bachelor of Arts or the Bachelor of Commerce.
You must complete quantitative studies as part of your degree. The standard selection of quantitative subjects for Economics students is Quantitative Methods 1 and Econometrics 1.
If you're strong in mathematics, you could follow the specialist path recommended for students considering further studies in economics.
Bachelor of Arts
The Bachelor of Arts requires the successful completion of 24 subjects (300-points), including at least one major. Most students study eight subjects each year (usually four subjects in each semester) for three years full-time, or the part-time equivalent.
The economic major through the Bachelor of Arts require 112.5 points of study (usually nine subjects) for attainment. This means out of your 300-point program, you have the opportunity to achieve two majors in your course. You will also complete breadth studies and other complimentary Arts subjects.
If you are taking economics as a major, you must complete:
- Three level 1 compulsory subjects (usually at first year)
- Two level 2 compulsory subjects (usually at second year) and 12.5 points (usually one subject) of level 2 elective subjects
- 37.5 points (usually three subjects) of level 3 elective subjects (usually at third year)
- NOTE: Of the level 3 elective subjects, students must complete at least one subject with an ECON prefix, and one subject with an ECOM prefix
If you are taking economics as a minor, you must complete:
- Two level 1 compulsory subject (usually first year) ECON10004 Introductory Microeconomics, and ECON10003 Introductory Macroeconomics
- 25 points (usually two subjects) of level 2 compulsory subjects
- 25 points (usually two subjects) of level 3 elective subjects
Bachelor of Commerce
In your first and second year you will complete core subjects that are prerequisites for your major, and be introduced to the three main pillars of economics: macroeconomics, microeconomics and econometrics. Most of your breadth subjects will come in these two years.
If you are following the specialist path for those who are strong in maths, first and second years include calculus and statistics.
In your final year you will complete a mix of major subjects and commerce electives, breadth and commerce electives.
Breadth is a unique feature of the Melbourne Model. It gives you the chance to explore subjects outside of commerce, developing new perspectives and learning to collaborate with others who have different strengths and interests — just as you will in your future career.
Some of our students use breadth to explore creative interests or topics they have always been curious about. Others used breadth to improve their career prospects by complementing their major with a language, communication skills or business expertise.