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FACULTY OF

BUSINESS & ECONOMICS


MESSAGE FROM THE DEAN Welcome to the Bachelor of Commerce! The BCom Planner outlines the various ways you can customise and plan your course, provides information on our unique range of student experiences, and helps you map the graduate pathways open to you on completion of your degree. You can use the BCom Planner in conjunction with the University’s Handbook (www.unimelb.edu.au/handbook) to build your BCom study plan. The Faculty of Business and Economics has an international reputation for excellence in teaching and research, as evidenced by the University’s strong performance in prominent international business and economics rankings. The University of Melbourne is currently ranked 1st in Australia (Academic Ranking of World Universities, Shanghai Jiao Tong University 2013), 7th globally for Accounting and Finance and 20th for Economics and Econometrics (QS World University Rankings by Subject 2013). The Faculty’s connections with prestigious local and international universities and businesses deliver a range of very tangible student benefits. Our graduates, over 35,000 worldwide, have excellent career outcomes. So good in fact that the University of Melbourne recently ranked in the world’s top ten universities for the employability of its graduates. The Faculty’s Melbourne Business School offers you the choice of undertaking a range of graduate study programs to further advance your career opportunities. To deliver the best student learning experience, the Faculty offers a wide range of facilities and support services to help you transition seamlessly into the University community. These include the Commerce Student Centre, the Business and Economics Careers Centre, and the Giblin Eunson Library. The Commerce Student Centre offers a range of services to help students settle into university life and provides extra opportunities and student experiences designed to complement your studies and further develop the skills gained in your degree. I encourage you to explore the Faculty’s website (www.fbe.unimelb.edu.au) to find out more about our Faculty and the extensive range of services we provide. The Faculty of Business and Economics is dedicated to building a dynamic and diverse community of scholars. I welcome you as part of this community and wish you all the best for your studies in 2014. Yours sincerely, Professor Paul Kofman Dean, Faculty of Business and Economics

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TABLE OF CONTENTS Message from the Dean.......................................................................................................................................... i Course structure and requirements ..................................................................................................................... 2-5 Course structure and requirements for students who commenced before 2008..................................................... 6 The Commerce Student Centre - Help for BCom students .................................................................................... 7 First year subject selection ..................................................................................................................................... 8 Majors.................................................................................................................................................................... 9 Study areas and example study plans............................................................................................................. 10-23 Accounting............................................................................................................................................ 10-11

Actuarial studies.................................................................................................................................... 12-13

Economics ............................................................................................................................................ 14-15 Finance ................................................................................................................................................. 16-17 Management......................................................................................................................................... 18-19 Marketing.............................................................................................................................................. 20-21 Business..................................................................................................................................................... 22 Honours.......................................................................................................................................................... 24-25 Student Experience in the Bachelor of Commerce .......................................................................................... 26-27 Planning for exchange studies......................................................................................................................... 28-32 Graduate Studies................................................................................................................................................. 33 Library and IT services ......................................................................................................................................... 34 University support services................................................................................................................................... 35 Tips & tricks ........................................................................................................................................................ 36 Study Plan check list ........................................................................................................................................... 37 Build your BCom ................................................................................................................................................. 38 Faculty mission .................................................................................................................................................... 39

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COURSE STRUCTURE AND REQUIREMENTS The information in this section is for students who commenced their Bachelor of Commerce in 2008 or later. The Bachelor of Commerce is a flexible degree and will expose you to a variety of business disciplines before you choose a major. Students usually choose their major at the beginning of the second year. If you are pursuing actuarial studies, accounting or an approved engineering or psychology breadth studies sequence, you need to choose specific subjects from first year. The example study plans in the Study Areas section of the BCom Planner demonstrate how to plan for these studies, for further advice you should contact the Commerce Student Centre. Points need to be completed from two groups of subjects – the commerce component and the breadth (non-commerce) component.

Commerce component These are subjects across the business discipline areas: accounting, actuarial studies, economics, finance, management and marketing. The degree’s five compulsory subjects are: ECON10004 Introductory Microeconomics • ECON10003 Introductory Macroeconomics • MGMT20001 Organisational Behaviour • ECON10005 Quantitative Methods 1* • One of these level-2 quantitative subjects*: - ECON20003 Quantitative Methods 2 - ECOM20001 Introductory Econometrics - MGMT20005 Business Decision Analysis - MKTG20004 Market and Business Research •

Breadth component • Breadth studies are those subjects chosen from outside the Faculty of Business and Economics. Breadth helps you develop expertise outside the core program and allows you to explore other areas of interest. You can select subjects of your choice, or follow a breadth track: a set of three or more subjects that progressively develops knowledge and skills relevant to some domain, theme, topic or issue. For further information, and a full list of breadth studies subjects and breadth tracks available, please go to breadth.unimelb.edu.au/breadth/ info/Commerce.html.

Certain breadth studies subjects in law or mathematics must be taken to gain accounting accreditation (see pages 10 and 11) or actuarial accreditation (see pages 12 and 13).

• Approved sequences of breadth studies can lead to graduate courses in areas including engineering (see “Special breadth rules” on page 5) or psychology (see page 21). • Certain breadth studies subjects may be cross-credited toward a concurrent diploma.

Majors and Accreditation Advice on which subjects to take to obtain a major (compulsory) and accreditation in a particular area of study is available on pages 10-23 of the BCom Planner.

Note: The BCom compulsory subjects cannot be completed as a part of the Exchange or Study Abroad programs.

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*These quantitative subjects are compulsory unless you take the “mathematics path” to meet the quantitative requirement of the course – see “Passionate about Maths?” on page 4 for more information)


Which Quantitative Subjects? • The choice of quantitative subjects will depend on your chosen field/s of study, your level of ability and interest in mathematics and the subjects in which you wish to enrol later in your degree. • When choosing your quantitative subjects, check the prerequisites of the level-2 and level-3 subjects you wish to take to ensure you make the most appropriate choice. • It is possible to satisfy the quantitative requirement of the course by taking mathematics subjects as breadth. This option is suitable for students who enjoy mathematics and have strong mathematical skills. See “Passionate about Maths?” on page 4.

What you need to do to complete your BCom To satisfy the requirements of the Bachelor of Commerce degree you need to: Satisfy points requirements (see table below) Complete the compulsory subjects • Satisfy the quantitative requirement • Complete at least one major from the commerce discipline areas • Meet prerequisite/corequisite(s) required for subjects • •

Points requirements

Commerce Breadth TOTAL

Level 1

Level 2

Level 3

TOTAL

minimum 50

minimum 62.5*

minimum 50 at the University of Melbourne

minimum 200; maximum 250

maximum 37.5

no special requirements

no special requirements

minimum 50; maximum 100

minimum 87.5 maximum 125

minimum 62.5*

minimum 75

300

In 2013 over 250 students developed their business skills and knowledge by competing in the BCom Case Competition. Don’t miss out in 2014 – look out for information sessions at the beginning of semester 2.

*This requirement applies only to students who commenced the BCom from 2011 onward

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COURSE STRUCTURE AND REQUIREMENTS Passionate about Maths? There are two ways to satisfy the quantitative requirement of the course:

Option 1 - The standard path ECON10005 Quantitative Methods 1; and One of ECON20003 Quantitative Methods 2, ECOM20001 Introductory Econometrics, MGMT20005 Business Decision Analysis or MKTG20004 Market and Business Research • •

Option 2 – The mathematics path If you enjoy maths and you’re good at it, you can consider this option instead of the standard path: Two level-2 subjects are taken in second year: EITHER MAST20006 Probability for Statistics (for students not pursuing Actuarial Studies) OR MAST20004 Probability (for students pursuing Actuarial Studies); and • MAST20005 Statistics •

The level-1 prerequisites for the mathematics path subjects are:

Prerequisites for students with a study score of 25 or above in units 3 and 4 VCE Mathematical Methods (or equivalent):

Prerequisites for students with a study score of 27 * or above in units 3 and 4 VCE Specialist Mathematics (or equivalent): • •

MAST10006 Calculus 2 MAST10007 Linear Algebra

*Students

with a study score of less than 30 are, however, strongly encouraged to take MAST10005 Calculus 1 before proceeding to MAST10006 Calculus 2.

Prerequisites for students with a study score of 38 or above in units 3 and 4 VCE Specialist Mathematics (or equivalent): • •

MAST10008 Accelerated Mathematics 1 MAST10009 Accelerated Mathematics 2

It is recommended that students not pursuing actuarial studies meet the prerequisites for MAST20006 Probability for Statistics and MAST20005 Statistics by enrolling in MAST10006 Calculus 2 and MAST10007 Linear Algebra, even if they meet prerequisites for MAST10008 Accelerated Mathematics 1 and MAST10009 Accelerated Mathematics 2. Students intending to pursue actuarial studies must take the mathematics path and enrol in MAST20004 Probability. Note that all of the subjects in option 2 are breadth subjects.

MAST10005 Calculus 1 MAST10006 Calculus 2 • MAST10007 Linear Algebra • •

The Future Leaders Forum is held in the first week of semester 2 each year.   We put 20% of places aside for students to apply for a place. So if you don’t receive an invitation, make sure you check your weekly BCom e-Newsletter to learn how you can apply to come along. 4


Concurrent diplomas You can enrich your degree by completing one of the following concurrent diplomas alongside your bachelor degree: Diploma in Informatics Diploma in Languages • Diploma in Mathematical Sciences • Diploma in Music (Practical) • •

as to which mathematics to undertake. Students who wish to complete an engineering breadth sequence will not also be able to complete accreditation requirements for accounting or actuarial studies within the Bachelor of Commerce. Students who commenced in 2008 or 2009 and are taking an approved engineering breadth sequence must complete 200 commerce points.

Special breadth rules

For further information on studying Engineering sequences within the Bachelor of Commerce please go to http://www.eng.unimelb.edu.au/study/undergraduate/ or contact the Commerce Student Centre.

…for students who started their BCom in 2008, 2009 or 2010

Useful information for course planning

For further information, see http://www.bcom.unimelb. edu.au/breadth/concurrent_diploma.

Prior to 2011 the breadth rules for the BCom were the completion of: 75-100 breadth points, of which 12.5 must be at level-3. •

• From 2011 onward the breadth rules for the BCom are the completion of: 50-100 breadth points, with no more than 37.5 breadth points at level-1. • If you started your BCom before 2011, you can choose to follow the new rules but only if you haven’t completed more than 37.5 level-1 breadth points.

…for students majoring in actuarial studies Students pursuing accreditation in actuarial studies must take between 75 and 87.5 breadth points, including two breadth subjects that are not mathematics or statistics.

…for students taking Engineering as breadth Students commencing from 2010 pursuing an approved Engineering breadth sequence in the Civil, Electrical, Mechanical or Software streams will undertake 112.5 points of breadth and 187.5 commerce points. Students who have not completed VCE Specialist Mathematics should seek advice from the Commerce Student Centre

Most subjects are worth 12.5 points

• You normally take four subjects per semester – this is required to finish the course within three years. • You must normally complete 50 points of study at one year level (e.g. level-1) before proceeding to subjects at the next year level (e.g. level-2). • You should enrol in subjects for both semesters in each year. Check http://fbe.unimelb.edu.au/csc/planning/ selection for the final dates to change subjects for each semester. • If you believe your subject selection complies with course requirements, but there is no space for your subjects on your online Study Plan, contact the Commerce Student Centre for assistance. • Subjects offered during the Summer Semester are taught in intensive mode. You should be aware of the demanding workload involved, particularly those considering taking two subjects.

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Course structure & requirements for students who commenced before 2008 Course

Points for other degree

Free points

Commerce points

Minimum level-1 points

Minimum level-3 points

Bachelor of Commerce

-

100

200

50 commerce, 87.5 overall

50 commerce, 75 overall

Bachelor of Commerce with… (No new enrolments) Bachelor of Arts

225

75

200

50 commerce

50 commerce

Bachelor of Arts (Media and Communications)

225

75

200

50 commerce

50 commerce

Bachelor of Engineering

300

-

200

50 commerce

50 commerce

Bachelor of Laws

300

-

200

50 commerce

50 commerce

Bachelor of Science

237.5

62.5

200

50 commerce

50 commerce

Course requirements * •

Complete the compulsory subjects:

• ECON10004 Introductory Microeconomics • ECON10003 Introductory Macroeconomics • ECON10005 Quantitative Methods 1 • MGMT20001 Organisational Behaviour** • one level-2 quantitative subject from the list below: - ECON20003 Quantitative Methods 2 or - ECOM20001 Introductory Econometrics or - MGMT20005 Business Decision Analysis or - MKTG20004 Market and Business Research Complete 50 level-3 commerce points at the University of Melbourne; Meet prerequisite/corequisite(s) required for subjects. • Compulsory subjects cannot be completed as a part of the Exchange or Study Abroad programs. • •

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* Check the 2014 Handbook for specific course requirements and remember to check the course requirements of the non-commerce degree with your other faculty. ** Students who commenced the Bachelor of Commerce or Bachelor of Commerce double degrees prior to 2005 are not required to complete this subject.


The Commerce Student Centre Help for BCom students The Commerce Student Centre (CSC) offers enrolled BCom students a range of services and support to help you manage your studies.

Like us on Facebook and keep up to date with all the latest info for BCom students:

If you need... - to attend a Student Advice appointment - help with Subject Selection - assistance with timetabling issues - guidance and support with Special Consideration Applications - a referral to other Faculty and University services

http://www.facebook.com/BComUniMelb

...there are staff at the CSC who can help. The CSC is open 9am – 5pm Monday to Friday throughout the semester and non teaching periods, except on University holidays (eg: Christmas and New Year). At the start of each semester the CSC is open for extended hours, 9am - 6pm Monday to Thursday, from Orientation Week until Week 2. You can drop in for assistance from our front counter staff, email us your questions, or make an appointment online for an individual appointment with a Student Advisor. For more information on the resources and services offered by the CSC visit http://fbe.unimelb.edu.au/csc or contact us at the details listed on this page.

Read the BCom News weekly throughout semester. It’s delivered to your uni email account and is filled with important information about events and your course.

Commerce Student Centre Contact Details Location Upper Ground Level, FBE Building Phone: 13 MELB (13 63 52) Fax: +61 3 9347 3986 Mailing Address Commerce Student Centre Faculty of Business and Economics The University of Melbourne Upper Ground Level, FBE Building 111 Barry Street, Carlton VIC 3010 Australia Email commerce-courseadvice@unimelb.edu.au Don’t forget include your full name and student ID (if applicable) in all University correspondence.

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First year subject selection Subject selection is an online process. Most students will plan the first year of their Bachelor of Commerce as follows:

SEMESTER 1 (MARCH) COMMENCEMENT * ECON10004 Introductory Microeconomics (compulsory) Semester 1

ECON10005 Quantitative Methods 1 (compulsory*) commerce subject breadth subject ECON10003 Introductory Macroeconomics (compulsory) commerce subject

Semester 2

commerce subject breadth subject

Semester 2 (July) Commencement * ECON10004 Introductory Microeconomics (compulsory) Semester 2

ECON10005 Quantitative Methods 1 (compulsory*) commerce subject breadth subject

Accounting and Actuarial Studies sequences Students wishing to pursue studies in accounting or actuarial studies must start these sequences from first year and should select their subjects accordingly. See page 11 for information on accounting subjects and page 13 for information on actuarial studies subjects.

Want to improve your leadership skills and differentiate from the pack? Participate in the First Year Leadership Program http://fbe.unimelb.edu.au/csc/experience/professional

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* ECON10005 Quantitative Methods 1 is compulsory for all students undertaking the standard path to fulfill the quantitative requirement of the Bachelor of Commerce. For information on how to undertake the “mathematics path” to fulfill the quantitative requirement of the Bachelor of Commerce see “Passionate about Maths?” on page 4. ECON10005 Quantitative Methods 1 can be taken in Semester 1 or 2.


Majors A major is a sequence of subjects in a particular discipline from an introductory level through to an advanced level. You must complete three specified level-3 subjects (these are usually subjects that you would study in the third and final year of your degree) to complete a major in a commerce discipline area. Level-3 subjects require you to have completed the relevant level-1 and level-2 (i.e. first and second year) prerequisite subjects. Majors are available across the six discipline areas: • accounting

actuarial studies economics • finance • management • marketing • •

Major in Business A business major consists of six level-3 subjects from three or more fields of study within the commerce program. You should note that subjects included for a major in business cannot be included in any other major.

Double majors Students are able to combine: First major

Second major (optional)

Accounting (including accreditation)

Economics

Finance

Management

Marketing

Economics

Accounting

Finance

Management

Marketing

Finance

Accounting

Economics

Management

Marketing

Management

Accounting

Economics

Finance

Marketing

Marketing

Accounting

Economics

Finance

Management

Actuarial studies with accreditation cannot be combined with any other major. Subjects required for each major and example study plans can be found on pages 10-23 of the BCom Planner.

Did you know that the Faculty provides financial subsidies for some of our short-term mobility programs? Check our website at http://fbe.unimelb.edu.au/csc/experience to see if you can benefit. 9


Accounting Accounting in today’s business world is extremely sophisticated. An accountant is a strategic adviser and business partner who must have a good understanding of business issues and processes, as well as the skills necessary for sound decision making. Accounting studies will equip you to understand the financial structure of an organisation and produce and analyse financial and non-financial information. Accounting graduates usually focus on one or more of the following areas: Financial Accounting, Managerial Accounting and Auditing and Assurance Services. • Financial Accounting involves the external reporting of a company’s financial position and performance. Financial accounting information is used in making investment decisions and is widely used to value businesses and predict corporate success and failure. • Managerial Accounting provides information to managers to help them measure and control processes within their business in a successful and profitable manner. It aids managers in strategy implementation, costing of new products and services, evaluation of the value added by different areas within a business and managing their performance. • Auditing and Assurance Services is about monitoring and adding credibility to the external reporting disclosures made by companies. In addition, assurance services add credibility to non-financial information e.g. Brownlow voting, the Oscar count, environmental reporting, customer satisfaction surveys and internet reporting.

Accreditation To practise as a professional accountant in Australia, graduates are required to become a member of one of the three professional accounting bodies: Certified Practising Accountants Australia, the Institute of Chartered Accountants in Australia or the National Institute of Accountants. Holders of the Bachelor of Commerce degree may apply for membership to professional accounting bodies. Accreditation requirements can vary from year to year and you are strongly advised to check the websites of the respective professional accounting body for information on the requirements for the year in which you commenced your BCom. Further information about accounting accreditation is available at http://fbe.unimelb.edu.au/accounting/teach/ professional.

Major in Accounting To obtain a major in accounting you will need to complete the following level-3 accounting subjects: ACCT30001 Financial Accounting Theory ACCT30002 Enterprise Performance Management • ACCT30004 Auditing and Assurance Services • •

Please check the prerequisites for these subjects at www.unimelb.edu.au/handbook.

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Want to gain insight into international accounting issues and travel at the same time? Consider the International Accounting Study Program http://fbe.unimelb.edu.au/csc/ experience/capstone/intl_accounting


Accounting major and accreditation + Finance major Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

Compulsory Level-2 Quantitative subject (e.g.: ECON20003 Quantitative Methods 2 )

ACCT30002 Enterprise Performance Management

ECON10005 Quantitative Methods 1

MGMT20001 Organisational Behaviour

ACCT30001 Financial Accounting Theory

ACCT10001 Accounting Reports and Analysis

ACCT20001 Cost Management

Commerce elective e.g. ECOM30001 Basic Econometrics or ECOM30002 Econometrics or breadth

Breadth

BLAW20001 Corporate Law

FNCE30001 Investments

ECON10003 Introductory Macroeconomics

FNCE20001 Business Finance

FNCE30007 Derivative Securities

ACCT10002 Introductory Financial Accounting

ACCT20002 Intermediate Financial Accounting

FNCE30002 Corporate Finance

ACCT10003 Accounting Processes and Analysis

Breadth or commerce elective

ACCT30004 Auditing and Assurance Services

BLAW10001 Principles of Business Law

Breadth or commerce elective

BLAW30002 Taxation Law I

The above example shows how you can major in accounting and Key/Legend finance as well as meet accounting professional accreditation Compulsory subjects requirements. Students wishing to undertake Honours in either discipline must also include ECOM30001 Basic Econometrics or Finance subjects ECOM30002 Econometrics in their course plan. Students who do not Commerce elective or breadth wish to major in finance need not complete any level-3 finance subjects. Accounting subjects There are requirements for the maximum and minimum number of Breadth subjects commerce and breadth points students must complete at certain levels. You must account for these when selecting your subjects. See page 3 for more information.

DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.

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Actuarial studies Actuaries work in the assessment and management of the financial risks faced by insurance companies, superannuation funds and other entities. These risks include illness, disability or death of individuals, as well as risks to property (motor vehicles, buildings, etc.). The actuary’s work is based on a multi-disciplinary background in mathematics, statistics, demography, finance and economics. These subjects, plus actuarial modelling for life insurance, superannuation and general insurance, form the basis of the actuarial stream in the BCom degree. Students learn a variety of skills, foremost amongst which are mathematical modelling and computing, which enable them to move into a variety of industry positions in the insurance and finance sectors, and elsewhere. In Australia, there are currently 2100 qualified actuaries. About 20% of these actuaries work in life insurance, 10% work in superannuation, 20% work in general insurance, and the remainder are employed in finance and investment, management, government and universities. Many Australian actuaries work overseas.

Accreditation The Centre for Actuarial Studies is accredited by the Actuaries Institute, which is the professional actuarial body in Australia. This accreditation means that students who complete certain subjects at the University of Melbourne, and achieve a sufficiently high standard, will be recommended for exemption from the corresponding subjects of the Actuaries Institute. Further details are available in the Students’ Guide on the Centre for Actuarial Studies website: http://fbe.unimelb.edu.au/economics/ACT/courses/current_students.

Major in Actuarial Studies To obtain a major in actuarial studies you will need to complete 37.5 level-3 points chosen from the following subjects: ACTL30001 Actuarial Modelling I ACTL30002 Actuarial Modelling II • ACTL30003 Contingencies • ACTL30004 Actuarial Statistics • ACTL30005 Models for Insurance and Finance • ACTL30006 Financial Mathematics III • •

Please check the prerequisites for these subjects at www.unimelb.edu.au/handbook.

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Actuarial Studies major and accreditation Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

ACTL20001 Financial Mathematics I

ACTL30001 Actuarial Modelling I

ACCT10001 Accounting Reports and Analysis

FNCE20001 Business Finance

ACTL30002 Actuarial Modelling II

Breadth (e.g.: BLAW10001 Principles of Business Law)

MAST20006 Probability

ACTL30006 Financial Mathematics III

MAST10008 Accelerated Mathematics 1

MGMT20001 Organisational Behaviour

Commerce elective or breadth

ECON10003 Introductory Macroeconomics

ACTL20002 Financial Mathematics II

ACTL30003 Contingencies (capstone subject – 25 points)

ACCT10002 Introductory Financial Accounting

ECON20001 Intermediate Macroeconomics

ACTL10001 Introduction to Actuarial Studies

MAST20005 Statistics

ACTL30004 Actuarial Statistics

MAST10009 Accelerated Mathematics 2

Level- 2 breadth (non mathematics)

ACTL30005 Models for Insurance and Finance

The above example shows how you can major in actuarial studies and Key/Legend meet Honours entry and professional accreditation requirements. Students pursuing accreditation in actuarial studies must take 75 non-commerce points including two mathematics subjects, MAST20004 Probability and MAST20005 Statistics and two breadth subjects that are not mathematics or statistics. Note: Mid year commencing students who have not completed VCE Specialist Maths 3 and 4 or equivalent cannot complete a major in actuarial studies. Changing major? See Commerce Student Centre staff for advice.

Compulsory subjects (including quantitative subjects counting as breadth) Commerce subjects, consisting of actuarial, accounting, economics and finance subjects required for the actuarial field of study Commerce elective or breadth Breadth subjects

There are requirements for the maximum and minimum number of commerce and breadth points students must complete at certain levels. You must account for these when selecting your subjects. See page 3 for more information. DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.

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ECONOMICS Economics provides skills in problem solving and decision making for business and government. It teaches ways to understand what happens in markets and how to understand the performance of national economies, approaches for analysing and interpreting data, and how to make decisions about key problems you will confront in a job in the commercial world. The skills that you learn in studying economics can lead to a career as a professional economist; for example, working as a business consultant or financial analyst, or part of a team of economists working at a bank or government department or agency such as Treasury, Foreign Affairs and Trade, or the ACCC. Economics skills are also a very important part of the knowledge you will need to be successful in other careers such as an accountant or manager. At each year level, you can study subjects in economics and econometrics. Core subjects in macroeconomics, microeconomics and econometrics develop knowledge of general skills and concepts, while elective subjects present applications to a variety of topics relevant to commerce and government. Teaching and development of knowledge in economics has a ‘building block’ format: to undertake level-2 subjects upwards in economics, you will need to have done one (or sometimes two) of the core subjects at the previous level.

Major in Economics To obtain a major in economics you will need to complete the following level-3 economics subjects: ECON30009 Macroeconomics • ECON30010 Microeconomics • ECOM30001 Basic Econometrics or ECOM30002 Econometrics •

Please check the prerequisites for these subjects at www.unimelb.edu.au/handbook.

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Were there things you wished you knew in your first year? Become a buddy in the BCom Network and help support first year students transition into university life http://fbe.unimelb.edu.au/ csc/experience/academic/ bcom_network


Economics major + Finance major + breadth in Mathematics Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

ECON20002 Intermediate Microeconomics

ECON30010 Microeconomics

FNCE10001 Finance 1

MAST20006 Probability for Statistics

ECOM30002 Econometrics

MAST10005 Calculus 1

FNCE20001 Business Finance

FNCE30007 Derivative Securities

Commerce elective

Commerce elective or breadth e.g. MAST20026 Real Analysis with Applications

FNCE30001 Investments

ECON10003 Introductory Macroeconomics

ECON20001 Intermediate Macroeconomics

ECON30009 Macroeconomics

MAST10006 Calculus 2

MAST20005 Statistics

FNCE30002 Corporate Finance

MAST10007 Linear Algebra

Level-2 Commerce elective

Commerce elective or breadth e.g. MAST30022 Decision Making

Commerce elective

MGMT20001 Organisational Behaviour

Commerce elective or breadth

The above program illustrates how students can pursue a double major Key/Legend in economics and finance, meet entry requirements to Honours Compulsory subjects (including quantitative in either discipline, take mathematics as breadth, and follow the subjects counting as breadth) mathematics path for satisfying the quantitative requirement of the Bachelor of Commerce. Programs such as this one should be considered by students who have an aptitude for and enjoy mathematics, and who wish to study valuable complementary subjects in mathematics as part of their breadth component.

Finance subjects

There are requirements for the maximum and minimum number of commerce and breadth points students must complete at certain levels. You must account for these when selecting your subjects. See page 3 for more information.

Breadth subjects

Economics subjects Commerce elective Commerce elective or breadth

DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.

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FINANCE Finance is the study of how individuals, businesses and institutions raise funds, and how they allocate these funds to projects of differing risk and payoff dates. The discipline of finance covers three key areas: • Capital markets and financial institutions refers to the operations and decisions of banks and other financial institutions, such as managed funds, and includes the optimal design of securities; • Investments and financial planning involves financial decision making by investors; i.e., the valuation and risk characteristics of securities; the optimal construction and management of investment portfolios; and the role of financial markets in trading these securities. • Corporate finance consists of financial decision making by companies, project evaluation, capital structure (the mix of debt and equity to fund investment projects), and dividend decisions (how much profit should be returned to shareholders).

These ‘core’ subject areas may be supplemented with elective subjects in financial planning (personal finance), real estate finance, banking, international finance, derivative securities, entrepreneurial finance, ethics in finance and Asian capital markets. Studying finance prepares students for a career in the finance sector and as finance specialists in industry and government. Possible careers include those of investment banker, securities broker, financial planner, financial analyst, commercial banker, finance manager, financial risk manager, financial regulator and financial marketer. Studies in finance complement the curriculum for students whose main study interests lie elsewhere, in areas such as accounting, econometrics, marketing and business law.

Professional Recognition The Finance and Treasury Association (http://www.finance-treasury.com/) gives recognition to finance subjects in the BCom as part of their membership and accreditation requirements. The University of Melbourne is a CFA Program Partner of the CFA Institute, the global association for investment professionals that awards the prestigious CFA® designation (see www.cfainstitute.org/). The partnership confirms that the finance major in the BCom covers at least 70 percent of the Level I Candidate Body of Knowledge topics including the CFA Institute ethical and professional standards.

Major in Finance To obtain a major in finance you will need to complete the following level-3 finance subjects: FNCE30001 Investments FNCE30002 Corporate Finance • FNCE30007 Derivative Securities • •

Please check the prerequisites for these subjects at www.unimelb.edu.au/handbook.

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Finance major + breadth in SOFTWARE Engineering Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

FNCE20001 Business Finance

FNCE30001 Investments

ECON10005 Quantitative Methods 1

Compulsory Level-2 Quantitative subject Commerce elective e.g. ECOM30001 e.g.: ECON20003 Quantitative Methods Basic Econometrics or ECOM30002 2 or ECOM20001 Introductory Econometrics Econometrics

Commerce elective

Level-2 Commerce elective

FNCE30007 Derivative Securities

MAST10006 Calculus 2*

COMP20005 Engineering Computation

SWEN Software Modelling and Design

ECON10003 Introductory Macroeconomics

Level-2 Commerce elective

FNCE30002 Corporate Finance

FNCE10001 Finance 1

MGMT20001 Organisational Behaviour

Commerce elective

Commerce elective

COMP20003 Algorithms and Data Structures

Level 3 Computing and Information Systems elective*

ENRG10003 Engineering Systems Design 2

SWEN20003 Object Oriented Software Development

COMP30018 Knowledge Technologies

The above example shows how you can complete a major in finance Key/Legend with breadth in software engineering. Students wishing to undertake Compulsory subjects Honours in finance must include ECOM30001 Basic Econometrics or ECOM30002 Econometrics in their study plan.

For information on taking engineering as breadth within the Bachelor of Commerce, see “Special breadth rules� on page 5. Note: *Students who have not completed VCE Specialist Mathematics should seek advice from a Student Adviser as to which mathematics to undertake.

Finance subjects Commerce elective Breadth

There are requirements for the maximum and minimum number of commerce and breadth points students must complete at certain levels. You must account for these when selecting your subjects. See page 3 for more information. *See the Engineering website for more information on subject choices http://www.eng.unimelb.edu.au/study/undergraduate/software.html DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.

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MANAGEMENT Effective management enables businesses and organisations to achieve their goals. Management is more than just the leadership and control exercised by senior executives; management skills are practised by people in all roles and are valuable at every stage of your career. Managers need to know what makes organisations successful and how to analyse, manage and improve performance in a range of organisational areas. Management studies can equip you with the skills you need to be an effective manager. Specialist management areas available for study are human resource management, international business, operations management and managing businesses and organisations. Career options are many and varied, including Equity and Diversity Officer, International Human Resources Manager, Project Manager, Change Analyst, Recruitment Consultant, Manager of Business Process Improvement, Industrial Relations Officer and many others. Information about our specialist areas can be found at http://fbe.unimelb.edu.au/managementmarketing/teach

Major in Management To obtain a major in management you will need to complete 37.5 level-3 points. Level-3 management subjects available in 2014 are: • MGMT30002 Managing in Contemporary Organisations • MGMT30004 International Human Resource Management • MGMT30005 Managing Strategic Change • MGMT30006 Managing Entrepreneurship and Innovation • MGMT30008 Organisations, Ethics and Society • MGMT30011 Supply Chain Management • IBUS30002 International Corporate Governance • MGMT30012 Management Consulting • IBUS30003 Managing Conflict in Global Workplaces • IBUS30004 Chinese Business and Economy • MGMT30013 Strategic Management • MGMT30017 Global Management Project • MGMT30018 Business Communication Please check the prerequisites for these subjects at www.unimelb.edu.au/handbook.

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Do you know MGMT30017 Global Management Consulting enables around 140 second and third year students each year to travel and work on a real consulting problem in an international city? Destinations include: Singapore, Kuala Lumpur, Santiago, Mumbai, Hong Kong, Bangkok, Shanghai. For more information see pages 26-27 or http://fbe.unimelb.edu.au/csc/ experience/professional


Management major + MARKETING major Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

MGMT20001 Organisational Behaviour

Level-3 marketing elective

ECON10005 Quantitative Methods 1

Level-2 commerce elective

Level-3 marketing elective

Commerce elective e.g. MGMT10002 Managing and Leading Organisations

Commerce elective or breadth

Level-3 management elective

Breadth

Breadth

Commerce elective or breadth

ECON10003 Introductory Macroeconomics

Compulsory Level-2 Quantitative subject e.g.: MGMT20005 Business Decision Analysis or MKTG20004 Market and Business Research

Level-3 marketing elective

MKTG10001 Principles of Marketing

Level-2 commerce elective

Level-3 management elective

Commerce elective

Breadth

Level-3 management elective

Breadth

Level-2 commerce elective

Commerce elective or breadth

The above example shows how you can complete a major in Key/Legend management as well as a marketing major. This example also meets Compulsory subjects entry requirements into Honours for management and marketing. Subjects that can be taken in these majors are indicated on page 18 Commerce elective or breadth (management major) and page 20 (marketing major). Management subjects There are requirements for the maximum and minimum number of Marketing subjects commerce and breadth points students must complete at certain levels. Commerce elective You must account for these when selecting your subjects. See page 5 for more information.

Breadth subjects

DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.

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MARKETING Marketing Marketing is an activity in which every organisation engages, including corporate firms, not-for-profit and government organisations. Marketing is fundamentally about the creation of customer value and the study of how organisations can best respond to market needs in order achieve their objectives. Key marketing responsibilities include: • Finding out what goods and services customers need and want • Positioning the organisation strategically in the market to meet customer needs and wants • Determining the best ways to advertise, price and distribute goods and services that customers desire. Our teaching spans the breadth of marketing education including advertising, product and brand management, strategic marketing, market research, relationship marketing, global marketing, Internet marketing & social media, and buyer behaviour. Specialist marketing areas available for study are communications and customer strategy and marketing management. Career options include Marketing Manager, Market Researcher, Brand Manager, Advertising Manager, Customer Account Management, Strategist, Sales and Business Development, Communications Manager, Event Manager, Market Analyst, and Consultant. Information about our specialist areas can be found at: http://fbe.unimelb.edu.au/managementmarketing/teach

Professional Recognition All students graduating with a Bachelor of Commerce majoring in marketing become Associate Members of the Australian Marketing Institute (AMI). Combined with some years of work experience and professional development, marketers may then be eligible to attain Certified Practicing Marketer status.

Major in Marketing To obtain a major in marketing you will need to complete 37.5 level-3 points. Level-3 marketing subjects available in 2014 are: • MKTG30003 Service and Relationship Marketing • MKTG30006 Retail Management • MKTG30007 Marketing and Society • MKTG30008 Neuromarketing • MKTG30011 Product Management • MKTG30009 Internet Marketing • MKTG30010 Advertising and Promotions Please check the prerequisites for these subjects at www.unimelb.edu.au/handbook.

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Marketing major + breadth in Psychology Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

MGMT20001 Organisational Behaviour

Level-3 marketing elective

ECON10005 Quantitative Methods 1

Level-2 Commerce elective

Level-3 marketing elective

Commerce elective

Level-2 Commerce elective

PSYC20008 Developmental Psychology

PSYC10003 Mind, Brain and Behaviour 1 PSYC20006 Biological Psychology

Level-3 commerce elective

ECON10003 Introductory Macroeconomics

Level-2 Commerce elective

Level-3 marketing elective

MKTG10001 Principles of Marketing

Compulsory Level-2 Quantitative subject Commerce elective e.g. ECON20003 Quantitative Methods 2 or ECOM20001 Introductory Econometrics

Commerce elective e.g. MGMT10002 Managing and Leading Organisations

PSYC20009 Personality and Social Psychology

PSYC30021 Psychological Science: Theory & Practice

PSYC10004 Mind, Brain and Behaviour 2

PSYC20007 Cognitive Psychology

One of these electives (check the 2014 Handbook for availability): PSYC30017

The above example shows how you can complete a major in marketing, completing subjects necessary for entry into Honours. The breadth sequence in psychology is APAC accredited and satisfies requirements for entry into the Postgraduate Diploma in Psychology.

Advanced Studies of Human Cognition

PSYC30019

Development of the Thinking Child

PSYC30015

Organisational Psychology

PSYC30020

There are requirements for the maximum and minimum number of commerce and breadth points students must complete at certain levels. You must account for these when selecting your subjects. See page 3 for more information.

PSYC30014 The Psychopathology of Everyday Life

Key/Legend

PSYC30022 Advanced Personality and Social Psychology

Psychology of Sleep & Emotions

Compulsory subjects

Commerce electives

PSYC30016 Developing Persons in Social Worlds

Marketing subjects

Breadth subjects

PSYC30018

Neuroscience and the Mind

PSYC30012

The Unconscious Mind

DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.

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business Business major Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

MGMT20001 Organisational Behaviour

Level-3 economics elective

ECON10005 Quantitative Methods 1

FNCE20001 Business Finance

Level-3 finance elective

MGMT10002 Managing and Leading Organisations

ECON20002 Intermediate Microeconomics

Level-3 management elective

Breadth

Breadth

Breadth

ECON10003 Introductory Macroeconomics

ECON20003 Quantitative Methods 2 or ECOM20001 Introductory Econometrics

Level-3 economics elective

Commerce elective

ECON20001 Intermediate Macroeconomics

Level-3 finance elective

Commerce elective or breadth

Commerce elective or breadth

Level-3 management elective

Breadth

Commerce elective or breadth

Commerce elective or breadth

The above example shows how you can complete a business major. A Key/Legend business major consists of six level-3 subjects from three or more fields of study within the commerce program. In this example the six level-3 subjects making up the major have been taken from the economics, finance and management fields of study.

There are requirements for the maximum and minimum number of commerce and breadth points students must complete at certain levels. You must account for these when selecting your subjects. See page 3 for more information.

Compulsory subjects Commerce elective or breadth Management subjects Economics subjects Finance subjects Commerce elective Breadth subjects

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DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.


Finance major + breadth in Information Technology in Organisations Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

MGMT20001 Organisational Behaviour

FNCE30001 Investments

ECON10005 Quantitative Methods 1

ECON20003 Quantitative Methods 2 or ECOM20001 Introductory Econometrics

Level-3 commerce elective, e.g. ECOM30001 Basic Econometrics or ECOM30002 Econometrics

ACCT10001 Accounting Reports and Analysis

FNCE20001 Business Finance

Commerce elective

COMP10001 Foundations of Computing

ISYS20006 Shaping the Enterprise with ICT

Commerce elective or breadth

ECON10003 Introductory Macroeconomics

Commerce elective e.g. FNCE20002 Management of Financial Institutions

FNCE30007 Derivative Securities

ACCT10002 Introductory Financial Accounting

Commerce elective Level-2

FNCE30002 Corporate Finance

ACCT10003 Accounting Processes and Analysis

Commerce elective or breadth

Commerce elective or breadth

ISYS10001 Foundations of Information Systems or Foundations of Computing

Commerce elective or breadth

ISYS30008 Business Analytics

The above example shows how you can complete a major in finance, Key/Legend completing breadth studies in Information Technology in Organisations. Compulsory subjects Students wishing to undertake Honours in finance must include ECOM30001 Basic Econometrics or Econometrics in their course plan. Commerce elective or breadth This sequence of breadth subjects will ensure you have a strong understanding of how Information and Communications Technology (ICT) can be used to add value to business. Commerce graduates with Information Technology in Organisations breadth can look forward to exciting career options in commercial and government organisations, including banking and finance, health, and IT consulting.

Accounting subjects Finance subjects Commerce elective Breadth subjects

There are requirements for the number of commerce and breadth points students must complete at certain levels. See page 3 for more information. DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.

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HONOURS What is Honours? The Honours year is an additional (fourth) year of specialised study in one or two of the following disciplines: accounting, finance, actuarial studies, economics, management and marketing. It is an integrated program with small classes and an emphasis on research and achieving advanced understanding of a discipline and its specialised subject areas. Honours will provide you with a wonderful opportunity to complement, expand and draw together the theory and practical skills gained in your previous undergraduate studies. The additional year will enable you to develop new research and professional skills and gain in-depth knowledge in a particular discipline.

How will an Honours year help me? Honours gives you an opportunity to draw together your early years of study and add considerable value to your resume. Being selected into Honours demonstrates that you are part of an elite group of students who have excelled in their studies. The Honours year also indicates to employers that you have achieved a depth of knowledge and expertise in a discipline unobtainable in a three-year degree. The Honours year differs from your earlier undergraduate years in that it allows and requires a greater degree of independence and flexibility from you. The year will help you to develop the maturity and skills required for transition to employment in a range of occupations and industries or a research higher degree. The Honours year is your first chance to engage in significant research, but the process itself will develop a variety of transferable skills that go beyond those learned earlier in your university career. By managing a research project you will develop time and project-management skills as well as negotiation and communication skills.

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The Honours year allows the development of more specialist professional skills and exposes you to cutting edge research literature, with application of those skills to a research project. The Honours degree is an entry qualification for some Masters degrees and a PhD within Australia or overseas. A student with a good Honours degree can often proceed directly to a PhD. Possession of a good Honours degree also assists students in obtaining scholarships or other forms of financial support to undertake higher degrees. Career advancement has also tended to be more rapid for Honours graduates.

Entry requirements A completed Bachelor of Commerce or double degree (from the University of Melbourne) or cognate degree from another institution within the last two years; and • completion of a major (or equivalent) in the particular discipline/s with the appropriate standard across the major/s; and • any additional prerequisite subjects or other requirements for each program as specified on the table opposite. •

Note: These entry requirements are the minimum necessary for submitting an application. Higher grades are normally required to receive an offer and some programs are subject to quotas. Entry into any Honours program is subject to approval by the relevant Head of Department.


Accounting

A grade of at least H2B (70%) in each of the level-3 subjects required for the major.

• Recommended background knowledge in ECOM30001 Basic Econometrics or ECOM30002 Econometrics or equivalent quantitative studies such as advanced studies in multivariate statistics or similar; Note successful applicants who have not previously completed one of these subjects will be required to enrol in either ECOM30001 Basic Econometrics or ECOM30002 Econometrics in their first semester of Honours study. • Subject to the approval of the Head of Department, part time honours may be offered to suitable candidates who meet the criteria for appointment to Senior Tutor within the Department of Accounting.

Actuarial studies

• A grade of H2B (70%) or better in any four level-3 actuarial subjects (note: a subject worth 25 points is treated as the equivalent of two 12.5 point subjects in the assessment of applications for honours).

Economics

• An average grade of at least H2B (70%) across the third year subjects that constitute the major.

Finance

• A grade of at least H2B (70%) in each of the level-3 subjects required for the major, and successful completion of either of the level-3 subjects Basic Econometrics or Econometrics.

Management

A grade of at least H2B (70%) in the best three level-3 Management or Marketing subjects.

Marketing

A grade of at least H2B (70%) in the best three level-3 Management or Marketing subjects.

Joint honours program in Accounting and Finance

Completion of a major (or equivalent) in both disciplines;

A grade of at least H2B (70%) in each of the level-3 subjects for each major;

• Any additional prerequisite subjects or other requirements as specified above for each program.

Full details of the Honours program including prerequisites for entry, how to apply and the structure and grading of the Honours year are available in the 2014 Handbook and http://www.bcom.unimelb.edu.au/about/honours/. Please be aware that level-3 Honours prerequisite subjects often also have prerequisites at level-2. We recommend that you familiarise yourself with these when choosing your second year subjects.

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Student Experience in the Bachelor of Commerce What is Student Experience? Being a Bachelor of Commerce student is not just about attending lectures and tutorials and completing assignments. The Student Experience is also about getting involved in the many different programs and activities that are available to you in addition to your degree program. These opportunities have been specifically designed for you to gain the most out of your degree and your experience at the University of Melbourne. Developing your leadership and teamwork skills, expanding your global perspective and tapping into professional networks can give you the tools you need to set yourself apart from other graduates. The Faculty of Business and Economics encourages you to take advantage of these opportunities and enrich your educational experience. What will you choose?

Global Opportunities Participate in the Study Abroad program, Exchange program and BCom overseas subjects to gain experience studying at one of our partner universities or getting industry experience with a partner organisation overseas. Experience another culture and get a global perspective on your discipline while earning credits* towards your BCom through programs such as:

Thought about going on exchange? Did you know you need to plan your exchange up to 8 months in advance? Come along to one of our information sessions and find out how.

Exchange Study Abroad • Universitas 21 (U21) programs • International Capstone subjects - Global Management Consulting, International Accounting Study Program •

Do you want to get the most out of your BCom? Find out more about the range of student experience programs today!

For further information visit: http://fbe.unimelb.edu.au/csc/experience/global_mobility

Want to know what consulting is really like? Apply for our Management Consulting subject.

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* Credit is not awarded for all programs, for more information visit http://fbe.unimelb.edu.au/csc/experience/global_mobility


Community Leadership AND Volunteering Opportunities Become involved in a variety of leadership, community engagement and volunteering activities to develop your leadership & communication skills and enhance your social and professional networks. Add value to your degree through: • Student Clubs and Societies • First Year BCom Network (peer mentoring) • comMExchange Program • The Huddle tutoring program (in partnership with the North Melbourne Football Club) For further information visit: http://fbe.unimelb.edu.au/csc/experience/community

Professional Enhancement Opportunities Develop your professional skills in preparation for life beyond your Bachelor of Commerce degree. Identify your career goals and professional development plans through a wide range of programs throughout your degree. Add value to your degree through: • Capstone Studies – Management Consulting, Global Management Consulting, International Accounting Study Program • Case Study Competitions • Career Development Seminars • Professional Memberships • Career Mentoring Program • First Year Leadership Forum • Future Leaders Forum For further information visit http://fbe.unimelb.edu.au/csc/experience/professional

Keeping up to date Want to expand your social and professional networks? Join a student club or society.

Want to learn more and hear about the latest information? Speak to staff and students about the range of student experience opportunities at the Student Experience Expo, held early each semester.

• Pick up the latest copy of the Student Experience brochure from the Commerce Student Centre or ask for one at a student advice appointment. • Don’t forget to keep up to date with the latest information about Student Experience programs for Bachelor of Commerce students by reading your BCom News email newsletter. Sent to your university email address each week BCom News will ensure you don’t miss out on any of the news and events taking place at the University of Melbourne. • You can also join the BCom community by following us on Facebook or by reading our blog.

www.facebook.com/BComUniMelb

Have a question about anything BCom related? Visit this semester’s Student Experience Expo!

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Planning for Exchange studies Studying overseas through the Exchange program is an exciting opportunity, but one that requires careful planning to ensure you get the most out of the experience. It is a good idea to start your research early and to make sure that you attend the information sessions run by the University. The following pages include some example study plans to help give you an idea of how to structure your studies to meet course requirements and include a semester of Exchange.

Remember to meet Points requirements: Level 1: At least 87.5 points and no more than 125 points, with at least 50 Commerce points and no more than 37.5 Breadth points Level 2: At least 62.5 Commerce points Level 3: At least 75 points, with at least 50 Commerce points completed at the University of Melbourne (not on exchange) Total points requirements: At least 200 points and no more than 250 points of Commerce, at least 50 points and no more than 100 points of Breath, for a total of 300 points NOTE: Students who commenced their BCom in 2008, 2009 or 2010 should also see the Special Breadth Rules

You must complete Compulsory subjects (must be completed at the University of Melbourne and not on exchange): ECON10003 Introductory Macroeconomics ECON10004 Introductory Microeconomics MGMT20001 Organisational Behaviour ECON10005 Quantitative Methods 1 One of the following: ECON20003 Quantitative Methods 2, ECOM20001 Introductory Econometrics, MGMT20005 Business Decision Analysis or MKTG20004 Market Research For more information visit: http://www.mobility.unimelb.edu.au/ http://fbe.unimelb.edu.au/csc/experience/global

Did you know that the Faculty provides financial subsidies for some of our short-term mobility programs?  Check our website at http://fbe.unimelb.edu.au/csc/experience to see if you can benefit. 28


Example Exchange study plan Accounting and Finance Majors Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

ACCT20001 Cost Management

BLAW20001 Corporate Law

ECON10005 Quantitative Methods 1

ECON20003 Quantitative Methods 2 or ECOM20001 Introductory Econometrics

Commerce elective e.g.: ECOM30001 Basic Econometrics or ECOM30002 Econometrics

ACCT10001 Accounting Reports and Analysis

ACCT20002 Intermediate Financial Accounting

ACCT30002 Enterprise Performance Management

BLAW10001 Principles of Business Law

FNCE20001 Business Finance

FNCE30007 Derivative Securities

ECON10003 Introductory Macroeconomics

Breadth

ACCT30004 Auditing and Assurance Services

ACCT10002 Introductory Financial Accounting

Commerce elective or Breadth

BLAW30002 Taxation Law I

ACCT10003 Accounting Processes and Analysis

Commerce elective or Breadth

ACCT30001 Financial Accounting Theory

MGMT20001 Organisational Behaviour

FNCE30002 Corporate Finance

FNCE30001 Investments

More example study plans for a range of major combinations can be found at http://fbe.unimelb.edu.au/csc/experience/global_mobility/bcom/ exchange/subject_planning.

Key/Legend Compulsory subjects Commerce elective or breadth Accounting subjects Finance subjects Commerce elective Breadth subjects Overseas semester (Semester 2, Year 2)

The above sample study plan is a guide only and should be read in conjunction with the BCom course requirements on pages 2-6. DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.

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Example Exchange study plans Accounting and Management or Marketing Majors Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

ACCT20001 Cost Management

BLAW20001 Corporate Law

ECON10005 Quantitative Methods 1

ECON20003 Quantitative Methods 2 or ECOM20001 Introductory Econometrics

Commerce elective e.g.: ECOM30001 Basic Econometrics or ECOM30002 Econometrics

ACCT10001 Accounting Reports and Analysis

ACCT20002 Intermediate Financial Accounting

ACCT30002 Enterprise Performance Management

BLAW10001 Principles of Business Law

MGMT20001 Organisational Behaviour

FNCE20001 Business Finance

ECON10003 Introductory Macroeconomics

Breadth

ACCT30004 Auditing and Assurance Services

ACCT10002 Introductory Financial Accounting

Commerce elective

BLAW30002 Taxation Law I

ACCT10003 Financial Accounting Theory

Management or Marketing Level 3

Management or Marketing Level 3

MKTG10001 Principles of Marketing

Management or Marketing Level 3

ACCT30001 Financial Accounting

More example study plans for a range of major combinations can be found at http://fbe.unimelb.edu.au/csc/experience/global_mobility/bcom/ exchange/subject_planning.

Key/Legend Compulsory subjects Commerce elective or breadth Accounting subjects Management or Marketing subjects Commerce elective Breadth subjects Overseas semester (Semester 2, Year 2)

The above sample study plan is a guide only and should be read in conjunction with the BCom course requirements on pages 2-6.

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DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.


Economics and Finance Majors Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

MGMT20001 Organisational Behaviour

ECON30010 Microeconomics

ECON10005 Quantitative Methods 1

ECON20003 Quantitative Methods 2 or ECOM20001 Introductory Econometrics

ECOM30002 Econometrics

Commerce elective or Breadth

ECON20002 Intermediate Microeconomics

FNCE30001 Investments

Breadth

FNCE20001 Business Finance

Commerce elective or Breadth

ECON10003 Introductory Macroeconomics

ECON20001 Intermediate Macroeconomics

ECON30009 Macroeconomics

Commerce elective e.g.: FNCE10001Finance 1

Breadth

FNCE30007 Derivative Securities

Breadth

Breadth

FNCE30002 Corporate Finance

Commerce elective or Breadth

Commerce elective or Breadth

Commerce elective or Breadth

More example study plans for a range of major combinations can be found at http://fbe.unimelb.edu.au/csc/experience/global_mobility/bcom/ exchange/subject_planning.

Key/Legend Compulsory subjects Commerce elective or breadth Economics subjects Finance subjects Commerce elective Breadth subjects Overseas semester (Semester 2, Year 2)

The above sample study plan is a guide only and should be read in conjunction with the BCom course requirements on pages 2-6. DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.

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Example Exchange study plan Economics and Management or Marketing Majors Year 1

Year 2

Year 3

ECON10004 Introductory Microeconomics

ECON20002 Intermediate Microeconomics

ECON30010 Microeconomics

Commerce elective e.g. MGMT10002 Managing and Leading Organisations

ECON20003 Quantitative Methods 2 or ECOM20001 Introductory Econometrics

ECOM30002 Econometrics

ECON10005 Quantitative Methods 1

MGMT20001 Organisational Behaviour

Management or Marketing Level 3

Breadth

Commerce elective

Commerce elective or Breadth

ECON10003 Introductory Macroeconomics

ECON20001 Intermediate Macroeconomics

ECON30009 Macroeconomics

MKTG10001 Principles of Marketing

Breadth

Management or Marketing Level 3

Commerce elective or Breadth

Breadth

Management or Marketing Level 3

Breadth

Commerce elective or Breadth

Commerce elective or Breadth

More example study plans for a range of major combinations can be found at http://fbe.unimelb.edu.au/csc/experience/global_mobility/bcom/ exchange/subject_planning.

Key/Legend Compulsory subjects Commerce elective or breadth Economics subjects Management or Marketing subjects Commerce elective Breadth subjects Overseas semester (Semester 2, Year 2)

The above sample study plan is a guide only and should be read in conjunction with the BCom course requirements on pages 2-6.

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DISCLAIMER: This information was true and correct at the time of printing. Please check the 2014 Handbook at: www.unimelb.edu.au/handbook for specific course requirements including subject prerequisites and availability.


GRADUATE STUDIES Graduate degrees offer the opportunity for graduates to obtain a professional qualification or develop their expertise in an individual field.

Graduate Programs in Business and Economics Melbourne Business School (MBS) within the Faculty of Business and Economics offers a range of programs suited to both recent graduates as well as those who are already in the workforce. The MBS has programs for graduates whose undergraduate degree is from a non-business related discipline as well as programs for Bachelor of Commerce graduates who want to deepen their knowledge in their area of interest or to focus on a different business discipline to that studied at undergraduate level. Graduates who wish to gain further expertise in the business discipline studied at undergraduate level can undertake a graduate coursework program, or carry out sustained independent enquiry through a Research Higher Degree.

Graduate Professional Entry Degrees in non-business disciplines Upon completion of the Bachelor of Commerce, graduates may be eligible for a range of graduate professional entry courses. Professional entry courses are those which qualify graduates for employment in a specific profession. Courses are available in areas as diverse as law, medicine, teaching, urban planning, social work, psychology, information systems, engineering, and forest ecosystem science. Some graduate professional entry degrees have additional entry requirements which you should check when choosing subjects in your undergraduate degree. Further information on the range of graduate professional entry degrees offered, including entry requirements, is available from http://futurestudents.unimelb.edu.au/ courses/graduate/professional-entry-programs.

See http://mbs.unimelb.edu.au/programs for details on MBS offerings.

The Business and Economics Careers Centre offers tailored and discipline specific careers support services to the Faculty’s undergraduate and postgraduate students and alumni. Start planning your career by visiting http://fbe.unimelb.edu.au/careers

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Library and IT services Student Computing Faculty of Business and Economics students can access computing spaces at 233 Bouverie Street. Printing is also available here. Openings hours: During Teaching Periods: 9.00am to 9.30pm Weekdays, 10.00am to 3.00pm Weekends During Non-Teaching Periods: 9.00am, to 5.00pm Weekdays Out of Semester: 9.00am to 5.00pm Weekdays, Closed on University Holidays Other University computing facilities across campus, including the libraries, are available to all students. Many offer collaborative learning spaces. For further information about student IT and e-learning support, including computer locations and availability, see http://www.studentit.unimelb.edu.au/.

The Giblin Eunson Library This library includes collections supporting the teaching, learning and research activities of the Faculty of Business and Economics. It is located at 111 Barry Street, next to the Commerce Student Centre. Its facilities include bookable project rooms for group study, printing and photocopying services and computers for student use. There are comfortable spaces for studying alone or with others. Helpdesk hours: Monday - Thursday: 9am - 9pm Friday: 9am - 6pm Saturday - Sunday: 11am - 5pm Find out more about University library facilities and services at http://www.library.unimelb.edu.au/.

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University support services Many services offer appointments or consultation times, see the Campuses & Services page in your Student Portal https://my.unimelb.edu.au/ for appointments available to you.

Academic Skills Academic Skills helps students with academic writing, time and task management, oral presentations, exam preparation, English language development and more. Academic Skills conducts workshops and individual tutorials and provides the resources that all students need to be successful at university.

Careers & Employment This unit provides expert, up-to-date careers assistance and information, including individual careers counselling.

Disability Liaison (DL) Disability Liaison facilitates the participation of students with temporary or ongoing physical or psychological disabilities at university.

Counselling and Psychological Services (CAPS) Counselling and Psychological Services provides free counselling services and workshops to students and staff of the University. There are male and female counsellors available with extensive experience in psychological counselling and life skills.

Health Service Health Service is a general practitioner service. There are male and female doctors available, and you may also see a nurse. The Health Service also refers to outside specialists where necessary.

Financial Aid This service provides advice and information on student loans and bursaries, government student assistance initiatives, budgeting, and on a range of matters related to student finances. If a student is having trouble coping with a lack of money, they can make an appointment for an interview with an advisor.

Student Housing Services Student Housing provides a range of information and advice about accommodation and tenancy issues. It also coordinates special accommodation services which assists with providing transitional housing for disadvantaged.

Chaplaincy The University Chaplaincy Service is a multi faith unit which assists with spiritual counselling for students, staff and the wider community. The Chaplains actively assists in personal and spiritual growth via prayer groups and other activities. Students from all faiths (or none) are welcome to visit.

Children’s Services Children’s Services provides quality childcare facilities and programs to students and staff of the University of Melbourne from a range of sites.

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Tips & Tricks Tips and Tricks – drafting your Study Plan Have the Handbook open – https://handbook.unimelb.edu.au 1. Start with the Year Three column of your Study Plan (pg38) and add in the level-3 subjects required for your major/s. Check their Handbook entry to find out which semester the subjects are offered and what their prerequisite subjects are. 2. Add in the level-2 subjects required as prerequisites for your chosen major – these would normally be placed in the Year Two column. 3. In the Year One column add the level-1 subjects that are the prerequisite subjects for the level-2 subjects you have included. 4. Check to ensure you’ve added in the Compulsory subjects 5. Make sure you plan for at least 4 subjects (50 points) of breadth (for students commencing later than 2011) 6. Consult the Study Plan Checklist on page 37 and make sure you’ve accounted for all BCom requirements. 7. Any extra spaces on your study plan can then be used for commerce elective subjects or further breadth studies (within course requirements).

Handbook Terminology Prerequisite a subject or group of subjects that needs to be successfully completed before enrolling in another subject. Corequisite like a prerequisite, but may be studied at the same time as the subject that requires it, not necessarily before.

Commerce vs Breadth Commerce subjects begin with the codes ACCT Accounting

FNCE Finance

ECOM Econometrics

MKTG Marketing

ECON Economics

ACTL Actuarial Studies

IBUS/MGMT Management

Any subject that starts with a code not listed above is counted as breadth, including MAST (mathematics) subjects and BLAW (business law) subjects.

Subject Levels The first number in a subject code usually indicates the appropriate study level eg: MKTG10001 Principles of Marketing is a level-1 subject. The level of a subject would normally correspond with the year of study it should be undertaken (eg: a level-2 subject would normally be taken in your second year of the BCom), however, some flexibility may be possible depending on your individual study plan. Get in touch with the Commerce Student Centre for further advice.

Studies in Summer

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Some subjects are offered during the holiday period between semesters, these are known as non-standard semesters. It might be possible to plan to take a subject in Summer or Winter, but be aware not all subjects are offered during these times and subject content is delivered in intensive mode. More information can be found at http://fbe.unimelb.edu.au/ csc/planning/summer.


Study Plan Check List COURSE REQUIREMENTS Level-1

Minimum of 50pts of commerce Maximum of 37.5pts of breadth Overall minimum of 87.5pts and maximum 125pts

Level-2

Minimum of 62.5pts of commerce

Level-3

Minimum of 50pts of commerce at the University of Melbourne Minimum of 75pts overall

Totals

Minimum 200pts of commerce and maximum 250pts Minimum 50pts of breadth and maximum 100pts Overall total of 300pts

Students who commenced before 2011, are following the engineering pathway, actuarial students pursuing accreditation please refer to Special Breadth Rules on page 5.

Major requirements

Level-3 subjects required for your major <see Study Areas on pages 10-23 for major requirements> Plan includes prerequisite subjects

Compulsory commerce requirement ECON10004 Introductory Microeconomics ECON10003 Introductory Macroeconomics ECON10005 Quantitative Methods 1* MGMT20001 Organisational Behaviour Level-2 quantitative requirement* ECON20003 Quantitative Methods 2, or ECOM20001 Introductory Econometrics, or MGMT20005 Business Decision Analysis, or MKTG20004 Market and Business Research, or Mathematics breadth path*

*see â&#x20AC;&#x153;Passionate about Maths?â&#x20AC;? on page 4 for information on how to meet this requirement via the Mathematics breadth path.

37


BUILD YOUR BCOM CREATE YOUR OWN STUDY PLAN YEAR ONE

Plan around your level-1 compulsory subjects

ECON10004 Introductory Microeconomics (Compulsory Commerce)

ECON10005 Quantitative Methods 1*

You should complete at least 50pts of study at one year level (eg: level-1) before proceeding to the next (eg: level-2)

(Compulsory Commerce)

Commerce elective

Breadth ECON10003 Introductory Macroeconomics

YEAR TWO

Commerce elective

Breadth

Have you planned for the level-3 course requirements?

Level-2

Level-2

Have you planned for your level-2 compulsory subjects?

Level-2

Internship? Overseas travel? • Summer studies? • Community leadership?

Internship? Overseas travel? • Summer studies? • Community leadership?

(Compulsory Commerce)

Commerce elective

YEAR THREE

The second semester of your second year is a good time to plan to go on Exchange Remember not to exceed the maximum of 125pts of level-1

Level-2

Level-2

Remember to plan for at least the minimum amount of Breadth studies - see pages 2-5 for course requirements Have you planned to meet minimum requirements for level-2 study?

Level-3

Level-3

Level-3

Breadth

Level-3

Level-3

Level-3

Breadth

Remember to plan for at least 200pts of Commerce studies (compulsory commerce, commerce electives, commerce majors) Be mindful of course requirements when planning your Breadth studies (a minimum of 50pts with no more than 37.5pt at level-1, a maximum of 100pts)

Want a clean slate? Download a fresh BCom Study Plan here http://fbe.unimelb.edu.au/csc/planning/bcomplanner

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faculty mission Our Mission

We deliver undergraduate, graduate and executive education, undertake scholarly research and engage in knowledge transfer in the fields of business and economics that is research led, transformative, socially relevant, and internationally renowned. In achieving our mission, the Faculty is committed to: • Intellectual rigour and relevance • Equity of access to the expertise we provide • Synergy across our teaching, research and knowledge transfer • Curricula that appropriately embed global and cultural perspectives • Impeccable standards of academic integrity and honesty • Developing outstanding leaders in business, public policy and academia who enrich the global community

and internationally for its quality and impact. All disciplines will achieve the highest ranking available through external research assessment exercises such as the ERA. Productive knowledge exchange will be fostered between the Faculty, business, government and not-for-profits. Our academic staff, through their research, teaching and community engagement will contribute to and stimulate debate on society’s critical issues. We aim to critically evaluate and influence policy design, corporate governance, and business practices to secure the best possible outcomes for our stakeholders and for the broader societies in which we operate.

Core Values • We are a non-discriminatory learning community in which

there is respect for our diverse backgrounds and interests and where there is a shared joy in learning and scholarship

• The embodiment of the highest ethical standards in everything we do

• Rigour and relevance are the foundations of all that we do

Our Vision

• Integrity and ethical behaviour guide all of our actions, policies and decision making

Our aspiration is to remain preeminent in the region and to become one of the leading global providers of business and economics education. This will be indicated by the quality and ranking of graduate programs we offer through the Melbourne Business School and by the continued success of the undergraduate Bachelor of Commerce. Our graduates will: have a depth of knowledge of the disciplines of the Faculty; provide the leadership needed to enhance the business, cultural, economic and social well-being of our communities and constituents; undertake interdisciplinary approaches to complex real world problems; and achieve success in employment, leadership, community engagement and further study. Through executive education, we aim to be the leading national and regional provider of custom and open programs for professionals in business, government and the not for profit sectors. Our programs will be client focussed and will allow professionals to develop further their leadership capabilities and to bring significant value added to their organisations. The research and research training we provide will be of the highest international standing in the disciplines of the Faculty. The very best academics and research students will be recruited and they will work in an environment in which excellence is the norm. Our research will advance the standing of the Faculty and University. It will be recognised nationally

• Students and staff are treated at all times with honesty, courtesy and respect

• Openness and transparency characterises our organisational culture • Academic freedom is sacrosanct • Issues of national and international importance are the focus of our scholarship

Primary Objectives

• A ranking in the top 25 business and economics schools worldwide • Top ranked nationally among schools of business and economics • To be employers’ first choice for graduates and organisations’ first choice for executive education • Students and staff, of the highest quality and no matter where they are from, view the Faculty and its Graduate School as their preferred destination • Levels of design, content and delivery in all our activities that are recognised for their innovativeness and quality and which create enhanced brand recognition • Provision of services to our communities that are valued for their contribution to improved social well-being • Ongoing financial strength and viability

39


Got a question about your course? You may find the answer: •

in the BCom Planner!

at the Commerce Student Centre website - http://fbe.unimelb.edu.au/csc

via your Student Portal – portal.unimelb.edu.au

in the Student Information Directory - http://ask.unimelb.edu.au

in the Handbook – www.unimelb.edu.au/handbook

with the help of the Commerce Student Centre •

Call the University Contact Centre on 13 MELB (13 63 52) Visit (or mail) us at Upper Ground Level, FBE Building, 111 Barry Street, Carlton, Vic, 3010 • Email (general enquiries): 13melb@unimelb.edu.au • Email (Course related enquiries): commerce-courseadvice@unimelb.edu.au • Make a student advice appointment at http://fbe.unimelb.edu.au/csc/planning/student_advice* •

*Note: New students can make an appointment via this link from week 3 of semester – prior to this, you can attend a course advice appointment following Academic Advice Day. Find further information at http://fbe.unimelb.edu.au/csc/planning/student_advice

Faculty of Business and Economics BCom Planner Authorised by: Provost Published by: The Faculty of Business and Economics Copyright: The University of Melbourne, October 2013 CRICOS Provider code: 00116K Intellectual Property: For further information refer to www.unimelb.edu.au/Statutes Copyright: Copyright University of Melbourne 2013. Copyright in this publication is owned by the University and no part of it may be reproduced without the permission of the University.

FACULTY OF

BUSINESS & ECONOMICS

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 to obtain the latest information. Statement on Privacy Policy: When dealing with personal or health information about individuals, the University of Melbourne is obliged to comply with the Information Privacy Act 2000 and the Health Records Act 2001. For further information refer to www.unimelb.edu.au/unisec/privacy/


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