A knowledge of economic concepts provides useful frameworks that help you better understand how the world works. These frameworks are applicable at any stage of your career, and are a factor in decisions made in industry, in the government, and elsewhere.

The objective of economics is to understand the well-being of individuals and organisations in a society and of the society as a whole. Economists are particularly interested in the way society decides how to allocate its scarce resources. Economists analyse how these decisions are made and whether better ways of making decisions exist.

Students enrolling in economics subjects as breadth must have completed VCE Units 3/4 Mathematical Methods, with a minimum study score of 25.

The following breadth tracks are available to students enrolled in a non-Commerce degree:

Contemporary Public Economic Policy (3 subject track)

Features key economics concepts and techniques needed to make sense of contemporary policy debates.

First year

ECON10004 Introductory Microeconomics

ECON10003 Introductory Macroeconomics

Second year

One of:

ECON20002 Intermediate Microeconomics

ECON20001 Intermediate Macroeconomics

Please refer to the University Handbook for more information on this breadth track. These subjects are not approved as breadth for Bachelor of Commerce students. Note that breadth tracks are designed to be taken as a sequence, so higher year subjects will have prerequisites.

Quantitative Methods in Economics (3 subject track)

Explores how to make sense of information and use data to improve decision-making.

First year

ECON10004 Introductory Microeconomics

ECON10005 Quantitative Methods 1

Second year

One of:

ECOM20001 Introductory Econometrics

ECON20003 Quantitative Methods 2

Please refer to the University Handbook for more information on this breadth track. These subjects are not approved as breadth for Bachelor of Commerce students. Note that breadth tracks are designed to be taken as a sequence, so higher year subjects will have prerequisites.

A Long-Run Economic Perspective (3 subject track)

Develops an understanding of the economic present through the lens of the past.

First year

ECON10004 Introductory Microeconomics

ECON10003 Introductory Macroeconomics

Second year

ECON20008 Australian Economic History

Please refer to the University Handbook for more information on this breadth track. These subjects are not approved as breadth for Bachelor of Commerce students. Note that breadth tracks are designed to be taken as a sequence, so higher year subjects will have prerequisites.

Global Economic Issues (3 subject track)

Enables students to think systematically about the globalisation debate.

First year

ECON10004 Introductory Microeconomics

ECON10003 Introductory Macroeconomics

Second year

ECON20007 Globalisation and the World Economy

Please refer to the University Handbook for more information on this breadth track. These subjects are not approved as breadth for Bachelor of Commerce students. Note that breadth tracks are designed to be taken as a sequence, so higher year subjects will have prerequisites.