C10348v1 Bachelor of Economics
Award(s): Bachelor of Economics (BEcon)UAC code: 601090 (Autumn session, Spring session, Summer session)
CRICOS code: 086359B
Commonwealth supported place?: Yes
Load credit points: 144
Course EFTSL: 3
Location: City campus
Overview
Course aims
Career options
Course intended learning outcomes
Admission requirements
Assumed knowledge
Recognition of prior learning
Course duration and attendance
Course structure
Course completion requirements
Course diagram
Course program
Levels of award
Honours
Other information
Overview
The Bachelor of Economics offers students the analytical and quantitative skills required for an in-depth understanding of key economic principles. The degree complements this knowledge with the option of majors across selected business disciplines.
The course includes training in econometrics, macroeconomics and microeconomics with an emphasis on practical policy. A capstone subject synthesises knowledge from game theory, experimental economics and industrial organisation to study policy-making in real-world settings.
Course aims
The course promotes an understanding of how institutional rules and incentives shape economic outcomes. It seeks to provide students with the knowledge, competencies and values necessary to develop critical, analytical and evaluative skills that can contribute towards a range of business careers.
Career options
Career options include economics analysis and modelling, economic forecasting, econometrician, and designing economic policies in industry, government, consulting and financial institutions.
Course intended learning outcomes
| 1.1 | Identify economic concepts appropriate to the analysis of specified economic problems in society and explain the nature and potential use of these concepts |
| 2.1 | Critically analyse economic problems in Australian and global society using and justifying appropriate economic concepts and frameworks |
| 2.2 | Locate relevant data and apply appropriate econometric techniques to quantify the size of economic relationships in specified markets and economies |
| 3.1 | Produce high-quality written texts that clearly articulate the application and justification of economic concepts and frameworks to particular problems to propose insightful solutions |
| 3.2 | Use oral communication to present economic concepts and solutions in an appropriate form for different audiences |
| 3.3 | Undertake a team-based project to solve a complex economic problem |
| 4.1 | Critically analyse the role of assumptions and value judgments in economic analysis and discuss the implications of their adoption |
| 4.2 | Analyse and discuss the intended and unintended effects of economic decisions on social welfare, equity and the environment |
| 5.1 | Combine economic analysis and econometric techniques to address typical complex problems faced by economists in diverse work environments |
Admission requirements
Applicants must have completed an Australian Year 12 qualification, Australian Qualifications Framework Diploma, or equivalent Australian or overseas qualification at the required level.
The English proficiency requirement for international students or local applicants with international qualifications is: Academic IELTS: 6.5 overall with a writing score of 6.0; or TOEFL: paper based: 550-583 overall with TWE of 4.5, internet based: 79-93 overall with a writing score of 21; or AE5: Pass; or PTE: 58-64; or CAE: 176-184.
Eligibility for admission does not guarantee offer of a place.
International students
Visa requirement: To obtain a student visa to study in Australia, international students must enrol full time and on campus. Australian student visa regulations also require international students studying on student visas to complete the course within the standard full-time duration. Students can extend their courses only in exceptional circumstances.
Assumed knowledge
Mathematics and any two units of English. UTS offers a range of bridging courses for students who do not meet the assumed knowledge requirements.
Recognition of prior learning
Students may apply for recognition of prior learning in subjects in which they consider themselves eligible. Equivalence of subject matter is the main criterion for recognition of prior learning in a subject successfully completed at another institution.
Course duration and attendance
The course can be completed in a minimum of three years of full-time or six years of part-time study. The attendance pattern may also be a combination of full-time and part-time study.
Full-time study is usually undertaken at the rate of 24 credit points per session. Students who wish to undertake more than the normal full-time load in one session must have their study plan endorsed by a student adviser from a UTS Student Centre.
Part-time study is usually undertaken at the rate of 12 credit points per session. Part-time students must be prepared to attend one morning or afternoon class during each teaching week.
Course structure
Students must complete 144 credit points made up of 24 subjects - 11 core subjects (66 credit points), three economics elective subjects (18 credit points), a major or two sub-majors, or a sub-major and four electives comprising eight subjects (48 credit points) and two business elective subject (12 credit points).
Course completion requirements
| STM91017 Core subjects (Economics) | 66cp | |
| STM91018 Major/Sub-majors/Electives | 60cp | |
| CBK91076 Electives (Economics) | 18cp | |
| Total | 144cp |
Course diagram
Course program
Typical full-time programs for the core subjects are shown below for students commencing in Autumn and Spring sessions.
| Autumn commencing, full time | ||
| Year 1 | ||
| Autumn session | ||
| 23000 Principles of Microeconomics | 6cp | |
| 26134 Business Statistics | 6cp | |
| 23565 Mathematics for Economics and Business | 6cp | |
| Select 6 credit points of options | 6cp | |
| Spring session | ||
| 23001 Principles of Macroeconomics | 6cp | |
| 23567 Intermediate Microeconomics | 6cp | |
| 23571 Introductory Econometrics | 6cp | |
| Select 6 credit points of options | 6cp | |
| Year 2 | ||
| Autumn session | ||
| 23568 Intermediate Macroeconomics | 6cp | |
| 23592 Game Theory | 6cp | |
| Select 12 credit points of options | 12cp | |
| Spring session | ||
| 23572 Applied Microeconometrics | 6cp | |
| Select 18 credit points of options | 18cp | |
| Year 3 | ||
| Autumn session | ||
| 23002 Market Design | 6cp | |
| Select 18 credit points of options | 18cp | |
| Spring session | ||
| 23003 Economic Policy and Market Design (Capstone) | 6cp | |
| Select 18 credit points of options | 18cp | |
| Spring commencing, full time | ||
| Year 1 | ||
| Spring session | ||
| 23115 Economics for Business | 6cp | |
| 26134 Business Statistics | 6cp | |
| 23565 Mathematics for Economics and Business | 6cp | |
| Select 6 credit points of options | 6cp | |
| Year 2 | ||
| Autumn session | ||
| 23566 Economics for Business 2 | 6cp | |
| 23567 Intermediate Microeconomics | 6cp | |
| 23571 Introductory Econometrics | 6cp | |
| Select 6 credit points of options | 6cp | |
| Spring session | ||
| 23568 Intermediate Macroeconomics | 6cp | |
| 23592 Game Theory | 6cp | |
| Select 12 credit points of options | 12cp | |
| Year 3 | ||
| Autumn session | ||
| 23572 Applied Microeconometrics | 6cp | |
| Select 18 credit points of options | 18cp | |
| Spring session | ||
| Select 18 credit points of options | 18cp | |
| 23002 Market Design | 6cp | |
| Year 4 | ||
| Autumn session | ||
| 23003 Economic Policy and Market Design (Capstone) | 6cp | |
| Select 18 credit points of options | 18cp | |
Levels of award
The Bachelor of Economics may be awarded with distinction, credit or pass.
Honours
The Bachelor of Business (Honours) (C09004), Economics stream, is available with an additional one year of full-time study (or part-time equivalent) for eligible students.
Other information
Further information is available from Business on:
telephone 1300 ask UTS (1300 275 887) or +61 2 9514 1222