Bachelor of Economics (BEc)
Bachelor of Economics (BEc)
Program Code
BEC
Program Faculty
Faculty of Arts, Business, Law and Economics
Academic Year
2024
These Program Rules should be read in conjunction with the University's policies (https://www.adelaide.edu.au/policies).
Overview
The Bachelor of Economics program is designed to provide students with an understanding of economics. It studies the interaction of the decision making of households, businesses and the whole of society. This will include study of microeconomics, macroeconomics, econometrics and the economy as a whole. It also examines how individuals respond to incentives (the things that influence decision-making) and how our conflicting choices are reconciled. Teaching in the program emphasises the development of the skills and tools of ‘economic thinking’, as well as working in teams and developing both written and oral communication skills.
Students may choose to undertake a major in Financial Economics, Public Policy or International Economic Development. A minor in Financial Services is also available.
The Bachelor of Economics is a Level 7 AQF qualification with a standard full-time duration of 3 years.
Program Learning Outcomes
- Demonstrate relevant economic knowledge of concepts, methodologies and skills, and use these appropriately to analyse and solve current real world problems and issues.
- Select and use appropriate tools, including technology, to obtain, evaluate, and analyse data, and assess models.
- Collaborate effectively with team members to achieve identified goals.
- Construct reasoning to argue using the language of economics, both in writing and orally, and communicate to both economists and non-economists.
- Evaluate ethical, cultural and social dimensions of economics and the role of economists, including in a global context.
Conditions
Interruption of program: Students must apply for permission from the Executive Dean or delegate before taking a Leave of Absence. Any extension of the leave without approval will result in the loss of place in the program but an application may be made to be re-admitted to the program subject to the admission procedures in place at the time.
Program Maximum Duration: As specified in Table 1 of the Coursework Academic Programs Policy, this program must be completed within a Maximum Duration which includes any periods of non-enrolment, leave of absence or approved study at other institutions for credit towards a Program.
Academic Program Rules for Bachelor of Economics
There shall be a Bachelor of Economics.
Qualification Requirements
To qualify for the degree of Bachelor of Economics, the student must complete satisfactorily a program of study consisting of the following requirements with a combined total of not less than 72 units, comprising:
- Core courses to the value of 33 units: 12 units at Level I, 12 units at Level II, and 9 units at Level III.
- Capstone courses to the value of 3 units at Level III.
- Elective courses to the value of 36 units: Level I courses up to the value of 12 units, Level II courses up to the value of 12 units, Level III courses at least to the value of 12 units, and including Broadening elective courses to the value of 9 units.
- In addition to the core studies for the Bachelor of Economics, a second major may be taken from the following: Financial Economics, Public Policy or International Economic Development. A minor in Financial Services is also available.
Core Courses
-
Core Courses
To satisfy the requirements for Core Courses students must complete courses to the value of 33 units.
Level I
All of the following courses must be completed:
Subject/Catalogue Course Title Unit Value ECON 1012 Principles of Economics I 3 ECON 1008 Data Analytics I 3 and
Courses to the value of 3 units from the following:
Subject/Catalogue Course Title Unit Value ECON 1005 Introduction to Mathematical Economics I 3 ECON 1010 Mathematical Economics I 3 MATHS 1009 Introduction to Financial Mathematics I 3 MATHS 1011 Mathematics IA 3 MATHS 1013 Mathematics IM 3 and
Courses to the value of 3 units from the following:
Subject/Catalogue Course Title Unit Value ECON 1002 Australia in the Global Economy I 3 ECON 1005 Introduction to Mathematical Economics I 3 ECON 1009 International Financial Institutions and Markets I 3 ECON 1013 Using Big Data for Economic and Social Problems I 3 Level II
All of the following courses must be completed:
Subject/Catalogue Course Title Unit Value ECON 2507 Intermediate Macroeconomics II 3 ECON 2513 Global Economic History II 3 ECON 2514 Managerial Economics II 3 ECON 2515 Intermediate Applied Econometrics II 3 Level III
All of the following courses must be completed:
Subject/Catalogue Course Title Unit Value ECON 3530 Applied Econometrics III 3 and
Courses to the value of 6 units from the following:
Subject/Catalogue Course Title Unit Value ECON 3500 Resource and Environmental Economics III 3 ECON 3501 Development Economics III 3 ECON 3503 Game Theory III 3 ECON 3504 Labour Economics III 3 ECON 3506 International Trade III 3 ECON 3508 Public Economics III 3 ECON 3510 International Finance III 3 ECON 3511 Money, Banking and Financial Markets III 3 ECON 3529 Rethinking Capitalism III 3 ECON 3531 Topics on Impact Evaluation Methods for Public Policy III 3 -
Capstone
To satisfy the requirements for Capstone students must complete courses to the value of 3 units.
All of the following courses must be completed:
Subject/Catalogue Course Title Unit Value ECON 3525 Economic Policy Analysis III 3
Major
-
Financial Economics major
To satisfy the requirements for Financial Economics major students must complete courses to the value of 24 units.
All of the following courses must be completed:
Subject/Catalogue Course Title Unit Value CORPFIN 1002 Business Finance 3 CORPFIN 2502 Business Valuation 3 ECON 1009 International Financial Institutions and Markets I 3 ECON 3510 International Finance III 3 ECON 3511 Money, Banking and Financial Markets III 3 and
Courses to the value of 3 units from the following:
Subject/Catalogue Course Title Unit Value CORPFIN 2501 Financial Institutions Management 3 ECON 2508 Financial Economics II 3 and
Courses to the value of 6 units from the following:
Subject/Catalogue Course Title Unit Value CORPFIN 3501 Portfolio Theory & Management 3 CORPFIN 3505 Corporate Regulations and Ethics in Finance 3 CORPFIN 3506 Takeovers, Corporate Restructuring and Governance 3 CORPFIN 3507 Topics in Corporate Finance 3 -
International Economic Development major
To satisfy the requirements for International Economic Development major students must complete courses to the value of 24 units.
All of the following courses must be completed:
Subject/Catalogue Course Title Unit Value ECON 1002 Australia in the Global Economy I 3 ECON 1009 International Financial Institutions and Markets I 3 ECON 1013 Using Big Data for Economic and Social Problems I 3 ECON 2500 International Trade & Investment Policy II 3 ECON 3500 Resource and Environmental Economics III 3 ECON 3501 Development Economics III 3 ECON 3506 International Trade III 3 ECON 3510 International Finance III 3 -
Public Policy major
To satisfy the requirements for Public Policy major students must complete courses to the value of 24 units.
All of the following courses must be completed:
Subject/Catalogue Course Title Unit Value ECON 1002 Australia in the Global Economy I 3 ECON 1013 Using Big Data for Economic and Social Problems I 3 ECON 2500 International Trade & Investment Policy II 3 ECON 2511 Behavioural Economics II 3 ECON 3500 Resource and Environmental Economics III 3 ECON 3501 Development Economics III 3 ECON 3508 Public Economics III 3 ECON 3511 Money, Banking and Financial Markets III 3
Minor
-
Financial Services minor
To satisfy the requirements for Financial Services minor students must complete courses to the value of 12 units.
All of the following courses must be completed:
Subject/Catalogue Course Title Unit Value CORPFIN 3003 Tax Superannuation and Estate Planning 3 CORPFIN 3004 Global Wealth Management 3 CORPFIN 3005 Fintech and Disruption in Financial Services 3 CORPFIN 3006 Blockchain Crypto and Big Data 3
Electives
-
Elective Courses
To satisfy the requirements for Elective Courses students must complete courses to the value of 36 units.
All of the following courses must be completed:
Up to 12 units of Level I, up to 12 units of Level II, and at least 12 units of Level III courses from any program that is available to them or from the courses not already completed from the Bachelor of Economics Core Courses. Included within these 36 units must be 9 units of Broadening Electives.
Economics Courses
When choosing Elective Courses, students can choose Economics courses not already completed for the Bachelor of Economics Core Courses.
Courses to the value of up to 27 units may be taken from the following:
Subject/Catalogue Course Title Unit Value ECON 1002 Australia in the Global Economy I 3 ECON 1009 International Financial Institutions and Markets I 3 ECON 1010 Mathematical Economics I 3 ECON 1013 Using Big Data for Economic and Social Problems I 3 ECON 2500 International Trade & Investment Policy II 3 ECON 2502 East Asian Economies II 3 ECON 2508 Financial Economics II 3 ECON 2511 Behavioural Economics II 3 ECON 3500 Resource and Environmental Economics III 3 ECON 3501 Development Economics III 3 ECON 3503 Game Theory III 3 ECON 3504 Labour Economics III 3 ECON 3506 International Trade III 3 ECON 3508 Public Economics III 3 ECON 3510 International Finance III 3 ECON 3511 Money, Banking and Financial Markets III 3 ECON 3529 Rethinking Capitalism III 3 Faculty Courses
Subject to approval students may be eligible to undertake the following electives:
Subject/Catalogue Course Title Unit Value ABLEINT 3001 ABLE Internship Level III 3 ABLEINT 3002 ABLE Internship Level III Extended 6 Broadening Electives
The 9 units of broadening electives can be taken at any level and are included within the requirements for 36 units of Elective courses. Course credit granted due to internships and courses completed as part of a study abroad
experience count as broadening electives.