Your major structure
This major can be taken in the Bachelor of Arts and the Bachelor of Commerce and requires you to complete quantitative subjects as part of your studies. The standard quantitative subject selection for Economics major students is Quantitative Methods 1 and Econometrics 1.
If you’re considering graduate study in the field of economics, there is a recommended subject course plan which will give you a specialist focus by including first and second-year calculus and statistics.
In your first and second year, you will be introduced to macroeconomics, microeconomics and econometrics.
The Economics major requires 9 subjects (112.5 points). You must complete:
- Three level 1 compulsory subjects
- Two level 2 compulsory subjects and one level 2 elective subject
- Three level 3 elective subjects, which includes one subject with an ECON prefix, and one subject with an ECOM prefix
Bachelor of Arts STUDENTS
Through the Bachelor of Arts, you can study two majors, which gives you the option to tailor your study plan to your unique career path. You could compliment your economics studies with a variety of major options, such as criminology, gender studies or even politics and international studies.
You may choose to economics as a minor. It requires 6 subjects (62.5 points):
- Two level 1 compulsory subjects: ECON10004 Introductory Microeconomics and ECON10003 Introductory Macroeconomics
- Two level 2 compulsory subjects
- Two level 3 elective subjects
Bachelor of Commerce students
In your first and second year, you will complete core economics subjects that are prerequisites for your major and introduce you to the three main pillars of economics: macroeconomics, microeconomics and econometrics. Most of your breadth subjects will come in these two years also.
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 economics major subjects, breadth and commerce electives.
The Melbourne Model allows you to incorporate breadth subjects into your degree. This gives you the chance to explore subjects or disciplines outside of economics.
Use breadth to explore creative interests or topics you have always been curious about; or complement your economics major and career development with a language, communication skills or technological expertise.
If you follow a breadth track you may even qualify for graduate study in a field that’s very different from your major. Or if you already have a professional graduate program in mind, such as the Juris Doctor (Law), Master of Engineering or Master of Teaching, you can use your breadth to develop your knowledge and meet prerequisites from day one.