The economics major develops problem-solving and data analysis skills for use in both business and government settings. With an economics major, you will be equipped with the tools to make smarter decisions about the varying types of problems that confront those working in the commercial world or in government.
Many students study economics to gain an informed perspective on the workings of interest rates and exchange rates, the effect of government policy on environmental problems, the results of governmental attempts to alleviate poverty, the nature of business competition, and the effects of globalisation on the Australian economy.
You can study economics to become a professional economist, to develop skills complementary to other disciplines, or to gain a better understanding of the role economics plays in our lives and in society. Completion of an Economics major is highly regarded by employers because it demonstrates your capacity for critical analysis and problem solving and indicates an ability to communicate ideas and structure arguments clearly.
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Studying Commerce at Melbourne University has helped me develop professionally and has and broadened my horizons. Problem solving, fluent writing, engagement and critical analysis are all useful skills that have been strengthened in my time here. The degree has given me a plethora of experiences that I will always be with me as I embark on my career. If you are a new student, I encourage you to really engage with the course. Opportunities like these are rare, so don't waste this one.Robert Tilleard
Bachelor of Commerce student, Graduated in 2010
Senior Advisor, Productivity & Economic Growth at The Behavioural Insights Team, UK
Sample course plan - Bachelor of Commerce1
Major in Economics – Conventional Path
|Year 1||Semester 1||Introductory Microeconomics||Quantitative Methods 1||Accounting Reports & Analysis||Breadth|
|Semester 2||Introductory Macroeconomics||Principles of Finance||Commerce Elective||Breadth|
|Year 2||Semester 1||Organisational Behaviour||Intermediate Microeconomics||Commerce Elective||Commerce Elective|
|Semester 2||Introductory Econometrics||Intermediate Macroeconomics||Breadth or Commerce Elective||Breadth|
|Year 3||Semester 1||Level 3 Economics or Econometrics Elective||Level 3 Economics Elective||Breadth or Commerce Elective||Commerce Elective|
|Semester 2||Level 3 Econometrics Elective||Commerce Elective||Commerce Elective||Breadth|
Notes: QM1 is not compulsory for students who satisfactorily complete the specialist path that includes Probability for Statistics and Statistics. Students must complete three level-3 Economics elective subjects, one of which must have the prefix ECON and one of which must have the prefix ECOM. To be eligible for honours entry, students must take Macroeconomics, Microeconomics and Econometrics in 3rd year.
Additional Sample course plan - Bachelor of Commerce1
Major in Economics – Specialist Path
|Year 1||Semester 1||Introductory Microeconomics||Accounting Reports & Analysis||Commerce Elective||Calculus 1|
|Semester 2||Introductory Macroeconomics||Principles of Finance||Calculus 2||Linear Algebra|
|Year 2||Semester 1||Organisational Behaviour||Intermediate Microeconomics||Probability for Statistics||Commerce Elective|
|Semester 2||Introductory Econometrics||Intermediate Macroeconomics||Breadth or Commerce Elective||Statistics|
|Year 3||Semester 1||Econometrics||Microeconomics||Breadth or Commerce Elective||Commerce Elective|
|Semester 2||Macroeconomics||Commerce Elective||Commerce Elective||Breadth|
Notes: The specialist path is designed for students who are good at maths and enjoy maths. Students with a score of at least 29 in VCE Specialist Mathematics 3/4 or equivalent are not required to take Calculus 1 before enrolling in Calculus 2. In this case Calculus 1 may be replaced by Principles of Finance and Principles of Finance replaced by a Commerce elective. Students who are not proceeding to further study in economics can take the 3rd year electives in the conventional path.
|Commerce Electives||Breadth or Commerce Electives|
1This is a sample course plan only. Subjects offered may change from year to year. You will be advised of current subject offerings prior to subject selection and enrolment.