Economics brochure 2012

Undergraduate information

Economics Microeconomics Macroeconomics Quantitative methods and econometrics

Economics

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Contents What is economics?

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Majoring in economics Economics in the Bachelor of Commerce Economics in the Bachelor of Arts Core areas of study Double majors

2 2 4 5 6

Focus on first year economics

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Bachelor of Commerce graduate pathways 8 Honours 9 Careers 11 Graduate study in economics 11 Breadth in economics

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“Learning economics and finance is an excellent way to understand the society we live in. It is exciting to learn how to analyse current events, such as the GFC, in light of economics and financial theories. This course enables students to have open minds and think critically. I have no doubt that what I learnt here will be beneficial all my life.�

Jonathan Sun Jonathan Sun is a current Bachelor of Commerce student majoring in Economics and Finance. He is an international student from Hong Kong, was a tutor for the subject Intermediate Microeconomics, and was the recipient of the Global Citizen Award at International House.

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Bachelor of Commerce

What is economics?

Economics provides skills in problem solving for business and government. Economics helps you understand what happens in markets and national economies and shows you how to analyse and interpret data. Ultimately, the role of economics is to enable you to make better decisions about the many types of problems that you will confront working in the commercial world or in government.

Five reasons to choose economics at Melbourne 1. Teaching standards

3. Small tutorial groups

5. Expertise in core areas

Teaching standards in the Department of Economics are extremely high.

You will be taught by academic staff committed to providing a high quality learning experience, and who are experts in their fields. The approach to teaching has a strong practical orientation that emphasises developing the capacity to apply and use economic concepts and knowledge.

We have committed significant resources to teaching. For example, small tutorial groups, an online tutor service in large subjects, online revision materials, and assistance with study methods and assessment techniques through the Faculty’s Teaching and Learning Unit.

The teaching program at the University of Melbourne offers the opportunity to develop expertise in core areas of economics. Additional areas of study are also available including international trade, development economics, behavioural economics, economic design, environmental economics, money and banking, game theory, and forecasting. In the most recent survey of academic economists, the honours program in economics at Melbourne was ranked number 1 in Australia.

Graduates of the program are highly sought after for jobs at the Reserve Bank, Treasury, consulting firms and private banks.

2. Innovation in teaching

Academic staff in the Department have received awards for outstanding teaching, and have won international recognition for their innovations in teaching methods, including a variety of multimedia tools.

4. Ranked No. 1 in Australia

The Department of Economics is ranked number 1 in Australia for its research output, and many staff are active in advising government agencies and private sector organisations. Hence teaching in economics at the University of Melbourne incorporates the latest economic theories and research findings, and draws on the practical experiences of staff.

Economics

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Majoring in economics To obtain a major in economics, you will need to complete Microeconomics, Macroeconomics and Basic Econometrics or Econometrics at level-3 (third year). These subjects have level-2 (second year) and level-1 (first year) prerequisites listed below. You can major in economics through the Bachelor of Commerce degree and the Bachelor of Arts degree. There is also a minor in economics available in the Bachelor of Arts degree. For more information about studying economics in the Bachelor of Arts, see page 4.

Economics in the Bachelor of Commerce To major in economics in the BCom, you can follow either the conventional path or the mathematics path. The mathematics path is designed for students who have an aptitude for mathematics, who enjoy mathematics, and who wish to study mathematics as part of their breadth component.

Major in economics – conventional path

Introductory Macroeconomics 1st year

Introductory Microeconomics Quantitative Methods 1 Organisational Behaviour

2nd year

Intermediate Macroeconomics Intermediate Microeconomics Introductory Econometrics or Quantitative Methods 2 Macroeconomics

3rd year

Microeconomics Basic Econometrics or Econometrics

Sample course plan

1st Year

2nd Year

3rd Year

Semester 1

Introductory Microeconomics

Managing and Leading Organisations

Accounting Reports and Analysis

Breadth

Semester 2

Introductory Macroeconomics

Quantitative Methods 1

Accounting Transactions and Analysis

Breadth

Semester 1

Organisational Behaviour

Quantitative Methods 2 / Introductory Econometrics

Intermediate Microeconomics

Breadth

Semester 2

Intermediate Macroeconomics

Business Finance

Level 2 Economics elective

Level 2 Economics or Commerce elective

Semester 1

Microeconomics

Econometrics

Level 3 Economics elective

Level 3 Economics or Commerce elective

Semester 2

Macroeconomics

Level 3 Economics elective

Level 3 Economics elective

Breadth

Compulsory subjects

Economics subjects

Management subjects

Accounting subjects

Finance subjects

Commerce elective subjects

Breadth

The above example shows how you can complete a major in economics. This example also meets entry requirements into honours for economics.

Note: Entry into Honours in Economics is subject to sufficient marks and availability of places in the program.

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Bachelor of Commerce

Major in economics – mathematics path

Introductory Macroeconomics Introductory Microeconomics 1st year

Calculus 1 (Students with a VCE Specialist Maths Units 3&4 score ≥ 27 can omit Calculus 1) Calculus 2 Linear Algebra Organisational Behaviour Intermediate Macroeconomics

2nd year

Intermediate Microeconomics Probability for Statistics or Probability Statistics Macroeconomics

3rd year

Microeconomics Basic Econometrics or Econometrics

Sample course plan

1st Year

2nd Year

3rd Year

Semester 1

Introductory Microeconomics

Finance 1

Accounting Reports and Analysis

Calculus 1

Semester 2

Introductory Macroeconomics

Accounting Transactions and Analysis

Calculus 2

Linear Algebra

Semester 1

Intermediate Microeconomics

Business Finance

Probability for Statistics

Real Analysis with Applications

Semester 2

Intermediate Macroeconomics

Organisational Behaviour

Statistics

Discrete Maths and Operations Research

Semester 1

Microeconomics

Econometrics

Level 3 Economics elective

Commerce elective

Semester 2

Macroeconomics

Level 3 Economics elective

Level 3 Economics elective

Decision Making

Compulsory subjects

Economics subjects

Accounting subjects

Finance subjects

Commerce elective subjects

Breadth

The above example shows how you can complete a major in economics. This example also meets entry requirements into honours for economics.

Note: Entry into Honours in Economics is subject to sufficient marks and availability of places in the program.

“I’ve enjoyed engaging with challenging material, broadening my knowledge and debating issues with people from across Australia and abroad. My advice to new students is: engage with your course. Opportunities to dedicate yourself to the pursuit of knowledge are rare, don’t waste this one.”

Robert Tilleard Robert completed his Bachelor of Commerce, majoring in Economics, in 2010. He is currently working as a Management Consultant with the Boston Consulting Group.

Economics

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Economics in the Bachelor of Arts You can complete a 112.5-point major (9 subjects) or a 75-point minor (6 subjects) in the Bachelor of Arts (BA). BA students taking first year economics subjects should have completed VCE Units 3&4 Mathematical Methods (with a study score of 25) or equivalent.

Completing a major in economics to the requisite standard in the Bachelor of Arts meets the entry requirements for honours in economics.

Seventy five points of this major and all 75 points of the minor are taken as part of the breadth component of the BA. Major

Minor

level 1

Introductory Macroeconomics (breadth studies)

level 1

Introductory Macroeconomics (breadth studies)

Introductory Microeconomics (breadth studies)

Introductory Microeconomics (breadth studies)

Quantitative Methods 1

level 2

Intermediate Macroeconomics (breadth studies)

Intermediate Microeconomics (breadth studies)

Introductory Econometrics or

Quantitative Methods 2

Level

3

Macroeconomics (breadth studies)

Microeconomics (breadth studies)

Basic Econometrics or Econometrics

level

Intermediate Macroeconomics (breadth studies)

Intermediate Microeconomics (breadth studies)

Level

3

Macroeconomics (breadth studies)

2

Microeconomics (breadth studies)

Sample course plan – Bachelor of Arts with a major in economics (112.5 points) 1st Year

2nd Year

3rd Year

Semester 1

Arts Foundation subject

Arts elective

Arts elective

Introductory Microeconomics

Semester 2

Arts Foundation subject

Arts elective

Quantitative Methods 1

Introductory Macroeconomics

Semester 1

Arts elective

Arts elective

Arts elective

Intermediate Microeconomics

Semester 2

Arts elective

Arts elective

Quantitative Methods 2 / Introductory Econometrics

Intermediate Macroeconomics

Semester 1

Arts elective

Arts elective

Arts elective

Microeconomics

Semester 2

Arts elective

Arts elective

Basic Econometrics or Econometrics

Macroeconomics

Arts Foundation subjects

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Economics subjects

Bachelor of Commerce

Arts elective subjects

Breadth

“I have been lucky enough to discuss my ideas in economics with some of the most famous economists in their respective fields.

In my summer holidays I worked at Frontier Economics, a microeconomic consulting firm in Melbourne, which is where I now work full time. During my vacation work I used mathematical models to study the gas and electricity markets and to solve client problems. I also modified existing models in accordance with changes in market dynamics, and created new models for emerging energy markets.�

Vivienne Groves Vivienne completed her BCom (Hons) / BSc degree in 2008, majoring in economics and mathematics. In 2008 she received the C.S. Soper Scholarship and a Commerce Honours Scholarship. Vivienne is now studying a PhD in Economic Analysis and Policy at the Stanford Graduate School of Business.

Core areas of study Microeconomics

For students who care about the world, microeconomics is one of the most relevant and interesting areas they can study.

Microeconomics is the foundation on which all the other areas of economics rest.

Microeconomics begins with a study of the basic decision makers in the economy, the individuals and households who consume goods, sell their labour and invest their wealth, and the firms that produce goods and services. Households and firms interact with one another through markets and other institutions. The result of all these decisions and interactions is what we call the economy.

Microeconomics provides a deep understanding of how consumers, firms and markets work together, which allows us to answer such fundamental questions as:

level 1

Introductory Microeconomics

level 2

Australian Economic History Business Decision Economics and e-Commerce Competition and Strategy Globalisation and the World Economy Intermediate Microeconomics Sports Economics

Level 3

Economics of Food Behavioural Economics Economic Development Economics of Financial Markets Economics of the Law

> How are prices determined? > How does the economy spontaneously organise itself so that markets operate in an orderly way? > When does the natural working of the economy tend to produce socially desirable outcomes, and when does it not? > Should the government intervene in the economy, and if so, how?

Environmental Economics

A good grasp of microeconomics is vital for managers who need to understand how markets operate and about production and pricing, for policy makers concerned with the design and operation of public policy, and for all those who want to appreciate how a modern economy operates.

Money and Banking

Experimental Economics Industrial Economics International Trade Policy Mathematical Economics Microeconomics Organisations, Economics and Incentives

Economics

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Macroeconomics

Quantitative Methods and Econometrics

Macroeconomics is the study of the economy-wide outcomes, notably unemployment, inflation and economic growth. These outcomes have an important impact on the general level of economic well-being in a society.

Many questions in economics and finance involve quantifying relationships between variables, for example:

High unemployment causes losses of income and, especially for the long-term unemployed, a loss of self-esteem and social integration. High inflation causes general uncertainty about economic transactions. Growth in labour productivity, an important contributor to economic growth, is the ultimate cause of increases in living standards. Low productivity growth slows down the growth of living standards and thus slows down the improvement in economic well-being.

Through the analysis of the balance of payments, macroeconomics analyses the determination of exchange rates, international trade and international capital flows.

In macroeconomics an emphasis is placed on how government policy can alter economic outcomes. Fiscal and monetary policies are the most important of these. These policies can affect the level of activity and thus the outcomes for unemployment and inflation. Government policies can also affect national saving, through the government budget balance and the balance of payments. National saving is a measure of how society is dividing its output between current consumption and expenditures that will enhance consumption in the future. Achieving an appropriate division is a major objective of macroeconomic policy.

It is important to study macroeconomics to understand the bigger (macro) picture of a country’s economics in order to be better prepared in times of financial crisis. level 1

Introductory Macroeconomics

level 2

Australian Economic History Globalisation and the World Economy Intermediate Macroeconomics

Level 3

Behavioural Economics Economic Development Economics of Financial Markets Environmental Economics Macroeconomics Mathematical Economics Money and Banking

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Bachelor of Commerce

> If the Reserve Bank Board increases interest rates by 0.5%, by how much will the demand for housing decline?

By how much will the value of the Australian dollar rise? > If a supermarket chain spends money on TV advertising, by how much will their sales increase? > If the state government spends an extra million dollars putting uniformed police on the street, by how much will crime be reduced?

All these questions, and there are many more like them, involve measuring or forecasting changes in economic and financial variables. Econometrics is concerned with such measurement.

It uses theory and data from economics, business and the social sciences, along with the tools of statistics, to answer “how much� type questions. level 1

Quantitative Methods 1 or

Calculus and Linear Algebra

level

2

Introductory Econometrics or Quantitative Methods 2

or Probability for Statistics, and Statistics

Forecasting Methods

Level

3

Applied Microeconometric Modelling

Basic Econometrics or Econometrics

Time-Series Analysis and Forecasting

Double majors Bachelor of Commerce students can combine a major in economics with one of: > Accounting > Finance > Management > Marketing Students are advised to obtain course advice and plan their subjects carefully in order to maximise their options, such as eligibility for entry into the honours year.

The Basement Lecture Theatre in the Business and Economics building

Focus on first year economics Subject name: Introductory Microeconomics Contact hours

Two 1-hour lectures and a 1-hour tutorial per week Topics covered

In this first year subject the main topics covered are the operation of competitive markets, social welfare and the role of government in the economy, an introduction to firm behaviour and game theory.

Skills developed

You will develop an understanding of how markets operate and about production and pricing for policy makers who are concerned with the design and operation of public policy. You will also gain an appreciation of how a modern economy operates.

Assessment

This subject is assessed via a 2-hour endof-semester examination (60%), a multiple choice test (5%), two assignments not exceeding 2500 words (25%) and tutorial attendance and participation (10%).

Please check the Course and Subject Handbook to confirm subject details.

Teaching methods

As a compulsory subject in the Bachelor of Commerce, there are over 2,000 students taking Introductory Microeconomics each year.

This calls for creative teaching methods, such as those initiated by Professor Jeff Borland, who has been recognised for his teaching excellence, as a winner of the University of Melbourne Ed Brown Award and a Carrick Citation for Outstanding Contribution to Student Learning. The citation recognises “two decades of teaching of large student cohorts in economics, including innovative curriculum design and resource development to support student learning”.

The use of case studies in lectures teaches students how to apply microeconomic theory and concepts, whilst they engage in active problembased learning in the tutorials to further explore topics introduced in the lectures.

This subject also makes use of extensive web-based resources including online revision tools, the ‘online tutor’ and providing lecture materials and audiostreams of lectures online.

Students can also take advantage of other resources such as extra exam review sessions and pit-stop tutorials, where they can regularly drop in to consult a tutor outside of their regular tutorial.

“The teaching in the subject is directed towards giving a huge amount of examples of and practice in applying the concepts and approaches in microeconomics.

Every lecture has a case study to apply the theories and concepts which we’ve learnt in that lecture.

For example, to cover markets and the benefits of trade in markets, several case studies are presented. One looks at how the model economists use to analyse competitive markets can help understand price movements in markets for everything from fish to foreign exchange; another explores why an economist would argue that ticket scalping is something that may have benefits for society.

Introductory Microeconomics provides a very wide range of resources to try to make it the best learning experience possible for you.”

Professor Jeff Borland

Economics

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Bachelor of Commerce graduate pathways Upon completing your Bachelor of Commerce with a major in economics, there are a number of graduate pathways to employment, further study and research.

Bachelor of Commerce Duration: 3 years full time Choose from the following major areas of study: Accounting, Actuarial studies, Business, Economics, Finance, Management, Marketing www.bcom.unimelb.edu.au

Honours Duration: 1 year full time Available in: accounting, finance, actuarial studies, economics, management or marketing or a combination of two areas. Note: Joint Honours in Economics and Finance is not available.

An honours year enables you to extend your knowledge of your major or area of specialisation through higher level honours subjects and by undertaking an independent research thesis in a single area of study under the guidance of an academic supervisor.

Graduate research degrees1 Duration: 2-3 years full time The Graduate School of Business and Economics offers a range of Masters by Research and PhD programs. See www. gsbe.unimelb.edu.au for more information.

Graduate professional development degrees1

Graduate professional entry programs1

Duration: Generally 1.5-2 years full time

Duration: Generally 2-3 years full time

The Graduate School of Business and Economics offers a full suite of graduate business and economics programs with an emphasis on career entry programs for recent graduates and specialist education for professionals. Our expertise spans the fields of accounting, actuarial studies, economics, finance, human resource management, international business and marketing. See www.gsbe.unimelb.edu.au for more information.

Title: Master of, unless otherwise specified: Including: Engineering, Forest Ecosystem Science, Information Systems, Juris Doctor (Law), Science (Management Science), Teaching, Urban Horticulture, Urban Planning. See www. futurestudents.unimelb.edu. au for more information.

Employment Melbourne Commerce graduates enjoy careers both locally and abroad in areas such as accounting services, finance, insurance and superannuation services, banks, mining, manufacturing, utilities and transport services, business, management, advertising, market research and statistical services, legal services, retail and wholesale, and computing and telecommunications services.

See www.bcom.unimelb.edu.au/pathways/careers.html for more information.

1 Selection into these programs is based on performance in an undergraduate degree and additional selection criteria may also apply.

Note this information indicates many but not all the possible pathways to graduate study.

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Bachelor of Commerce

“Little did I know when I chose to study the Bachelor of Commerce at Melbourne, that studying subjects such as economics, quantitative methods and finance would completely change the way that I see the world.

The Bachelor of Commerce at the University of Melbourne is truly world class, both in terms of the calibre of academics that it employs and the quality of graduate it produces.�

Andrew Walla Andrew is a current Bachelor of Commerce student, majoring in economics and finance. Andrew was part of the winning team in the 2010 Marshall Case Competition at the University of Southern California.

Honours An honours year is a fourth year of specialised study in economics and related areas. It is open to students wanting either to specialise in economics, or to undertake some combined program that complements economics. It is an integrated program with an emphasis on research, decision-making skills and economic theory and its application to policy.

The honours year is a full-time course, normally taken immediately after finishing the requirements for the three-year Bachelor of Commerce.

The course consists of six semesterlength subjects in economics and related areas, as well as a research essay which is given the weight of two subjects.

If you want to become a professional economist, you should aim to complete the honours year in economics.

Selection Process

To be eligible for admission to honours in economics students must have satisfied the requirements of the pass degree and completed a major in Economics (or equivalent) with an average grade of at least H2B (70%) across the third year subjects that constitute the major, though this grade average may not necessarily guarantee entry into the program as it is subject to availability of places.

Economics

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“I enjoy how relevant the course is to the real world. I love stepping out of an economics lecture and reading the newspaper in my breaks to find that the RBA is adjusting interest rates – and understanding their rationale behind doing so.

I also cherish extra-curricular opportunities offered at the University. I travelled under a University of Melbourne Scholarship to a Summer Program in Indonesia in 2011 and I was one of six Australian Youth Delegates selected to attend the 2012 Youth G20 Summit in Washington DC. If it wasn’t for the Faculty’s support, opportunities such as this wouldn’t be possible.”

Heath Jamieson Heath is a current Bachelor of Commerce student, majoring in economics and finance. He is currently on exchange at the University of British Columbia, Canada.

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Bachelor of Commerce

Careers You can study economics to become a professional economist, to gain skills complementary to other disciplines, or to obtain a greater understanding of the role of economics in our lives and within society. A major in economics is highly regarded by employers – it helps you to develop critical analytical and problemsolving skills, and to communicate your ideas and make your arguments clearly.

Professional economists work in academia, government and the private sector in many types of roles. Forecasting the economy, advising on business strategy, helping to design government tax policies, or trading in financial markets are just a few examples. If you want to become a professional economist, you should aim to complete the honours year in economics.

The demand for economists is growing in both the private and public sectors as concern increases over sustainable development, unemployment, inflation, interest rates, the current-account balance and microeconomic reform.

Many students study economics to gain an economist’s perspective on such issues as to why interest rates and exchange rates vary over time, how government policy can improve environmental problems or attempt to alleviate poverty, understanding how businesses seek to compete with each other, or the effects of globalisation on the Australian economy.

Economics will equip you with the analytical skills to deal with decisions, problems and options faced by society, governments, businesses and households. There is strong demand for economists with these skills from government and private sector employers. Career prospects for economists are extremely good.

Economists have high starting salaries compared with most professional groups, and they move even higher up the salary scale after a few years’ experience.

Potential private sector employers

> Merchant and trading banks, institutional investment firms, stockbroking and insurance companies e.g. ANZ Bank, Westpac, National Australia Bank, Commonwealth Bank > Business consulting firms e.g. KPMG, PricewaterhouseCoopers, Deloitte Australia > Mining companies e.g. BHP Billiton, Rio Tinto > Manufacturing companies e.g. ACI Glass Packaging, Ford Australia, Fosters Group > Information technology e.g. IBM Australia, Computershare > Transport and communications companies e.g. Optus, Telstra, Qantas, TNT, Linfox > Retailers and wholesalers e.g. Coles Group, David Jones, Woolworths > Economics consulting firms e.g.

Frontier Economics, ACIL Tasman, Access Economics Potential government employers

> Department of Finance > Department of Health and Community Services > Productivity Commission > Austrade > Federal and State Treasury > Australian Securities and Investments Commission > Reserve Bank of Australia > Australian Taxation Office > Australian Competition and Consumer Commission > Universities > Department of Sustainability and Environment > Australian Bureau of Statistics > Political parties, think tanks and centres for political analysis

Graduate study in economics Career development programs

Master of Economics This is a two year degree designed for graduates with prior training in either economics or a cognate discipline with a strong analytical or mathematical component, who wish to acquire the advanced skills needed to practice as a professional economist in the public or private sectors. Students who have completed an honours year in economics may be granted direct entry to the second year of the Master of Economics.

The Master of Economics is also an appropriate foundation if you intend to proceed to the PhD degree.

Research higher degree programs

Doctoral program in economics The doctoral program comprises the second year of the Master of Economics and a three-year PhD. The doctoral program will equip you with the necessary skills for a professional career in economics at academic institutions, government and international agencies or in industry. The program emphasises independent, original work in economics or econometrics, and encourages collaboration with our leading scholars.

Economics

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Breadth in economics One of the cornerstones of Melbourne degrees is the opportunity for all students to take subjects from outside their major area of study. The breadth component enables you to tap into other bodies of knowledge, methods of enquiry and personal and professional skills. Students in the Bachelor of Arts, Biomedicine, Environments, Music or Science may take breadth studies in economics.

Note: to enrol in economics subjects, you must have completed VCE Units 3&4 Mathematical Methods (either), with a minimum study score of 25 (or equivalent).

Depending on the structure of your degree and subject to prerequisites, you can complete one of the following breadth tracks in economics: Contemporary Public ECONOMIC Policy

QUANTITATIVE METHODS IN ECONOMICS

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

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

level 1

Introductory Microeconomics

level 1

Introductory Microeconomics

Introductory Macroeconomics

Quantitative Methods 1

level 2

Intermediate Microeconomics

level 2

Introductory Econometrics OR

OR Intermediate Macroeconomics

Quantitative Methods 2

A LONG-RUN ECONOMIC PERSPECTIVE

GLOBAL ECONOMIC ISSUES

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

Enables students to think systematically about the globalisation debate.

level 1

Introductory Microeconomics

level 1

Introductory Microeconomics

Introductory Macroeconomics

Introductory Macroeconomics

level 2

Australian Economic History

level 2

Globalisation and the World Economy

“The BCom at the University of Melbourne has a great reputation, especially in the business and finance industry. You also can’t beat the both modern and convenient facilities offered by the University, especially “The Spot”. A key drawing point of the BCom is that it is a broad degree covering all aspects of the business world, making it perfect for someone like me who is yet to find their preferred area of study within this field. It means we can try out the options that are available, and then pick and choose later on once we’ve found our calling.

The breadth component allows me to study German (an Arts subject) while still maintaining the core component of my commerce course. This allows me to follow my interests and passions, and turn them into experience which could give me the edge in a business environment.”

Joshuah Wren Joshuah is a second-year Bachelor of Commerce student, majoring in Economics and Finance.

He is a recipient of both the Commerce Opportunity Bursary and a Melbourne Access Scholarship.

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Bachelor of Commerce

Economics

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Need more information?

Commerce Student Centre +61 3 8344 5317 Toll free: 1800 666 300 +61 3 9347 3986 13MELB@unimelb.edu.au www.bcom.unimelb.edu.au

University Information Course Search web site: http://coursesearch.unimelb.edu.au Call the University Information Centre: 1800 801 662

Information Centre Gate 3, Swanston St The University of Melbourne Victoria 3010, Australia + 61 3 8344 6543 + 61 3 9349 1291 13MELB@unimelb.edu.au

Economics Undergraduate Information brochure Authorised by: Provost Published by: The Faculty of Business and Economics Copyright: The University of Melbourne, July 2012 CRICOS Provider code: 00116K Intellectual Property: For further information refer to www.unimelb.edu.au/Statutes Copyright: Copyright University of Melbourne 2012. Copyright in this publication is owned by the University and no part of it may be reproduced without the permission of the University.

Disclaimer: The information in this publication was correct at the time of printing. The University of Melbourne reserves the right to make changes as appropriate. As details may change, you are encouraged to visit the University’s website or contact the University of Melbourne Information Centre to obtain the latest information.

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Bachelor of Commerce

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