UQ School of Economics Prospectus

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Confront the issues. Analyse the situation. Provide the solutions.

Advertising. Ageing population. Agribusiness. Aid. Business development. Climate change. Consumer behaviour. Communication. Crime. Drugs. Economic growth. Economic shocks. Education. Employment.

Your guide to studying

ECONOMICS Environment. Fashion. Fiscal policy. Food pricing. Foreign debt. Global financial crisis. Health. Housing. Inequality. Inflation. Interest rates. International competition. International development. Market design. Market regulation. Marketing. Marriage. Policy. Pollution. Poverty. Share trading. Sport. Taxes. Terrorism. Trade in human organs. Utilities and infrastructure development. World trade.


“At no point in recent times have the skills of economists been more necessary and more in demand ... we are presented with a range of opportunities nationally and internationally, both conventional and unconventional.” Mitch Riley 2009 Valedictorian, School of Economics, The University of Queensland Associate to the Honourable Justice R A Finkelstein, Federal Court of Australia

Contents Welcome

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Why choose economics

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Your future career opportunities

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Why choose The University of Queensland

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About The UQ School of Economics

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Our programs

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— Bachelor of Economics

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— Honours

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— Dual degree programs

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— Postgraduate study options

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— Scholarships

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— Bursaries

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— Awards and prizes

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— Student associations

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— Working with industry

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Information for domestic students

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Information for international students

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Terminology explained

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Contact details

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Case studies Applying development economics to Africa

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Improving choices for mobile phone contracts

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The international student

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“Economics provides you with career options you never knew existed.” Professor Flavio Menezes Head of the School of Economics, The University of Queensland

WELCOME FROM THE UQ SCHOOL OF ECONOMICS If you are looking for an exciting, dynamic and constantly evolving field of study, then economics is for you. Economics provides you with career options you never knew existed. You develop lifelong skills and build a strong basis for long-term career success. It is also a discipline which allows you to make a mark: applying economics can have profound ramifications—not just in the business world but in improving the use of resources and enhancing peoples’ quality of life. At The University of Queensland (UQ) School of Economics we welcome and foster the best students from Australia and around the world. We host the largest number of Australian Research Council Professorial Fellows in economics in the country, one of the three current Federation Fellows in economics and our academic staff regularly publish in top international journals. Our strong commitment to research is matched with our ambition to provide world-class training to our students.

Current and former students as well as employers such as the Reserve Bank of Australia unanimously recognise us as providing “top quality undergraduate education in economics”. In this brochure, we introduce you to our School, the array of programs and courses we offer as well as providing details about scholarships and career opportunities. We have also included ‘snapshots’ of current research projects conducted by our academics and comments from past graduates. I hope you enjoy learning more about The UQ School of Economics and the possibilities which can unfold for you with a degree in economics.

Professor Flavio Menezes

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Case study: Applying development economics to Africa I worked with the United Nations to help solve social development problems in Central Africa. It was an exciting experience that gave me the chance to apply my knowledge and see how economics works in the real world. Despite new wealth being generated from natural resources in Central African countries such as Burundi, Cameroon, CongoKinshasa, and Equatorial Guinea, the poverty levels were the highest in the continent, life expectancy was short, and child mortality was increasing. We advised government policy makers in these countries how to use the revenues generated from oil and natural resources to strengthen the supply of key public goods, including physical infrastructures, education, and health. Long-term technical recommendations and solutions for these economic issues were provided, some of which are now being implemented. And while I was certainly not the only one who made these countries understand what could be done, I can still say that when I go back and see the economy of the country is doing well, I am happy because I feel I have made a contribution to the improvement of the quality of life of the people there. Dr Fabrizio Carmignani Senior Lecturer, School of Economics, The University of Queensland Former Chief Economist, Central Africa Office of the United Nations Economic Commission for Africa

“Economics is very important and can have a critical impact at a global level.” Dr Fabrizio Carmignani

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Want to make a positive contribution to society? Then economics is for you.

WHY CHOOSE ECONOMICS Economics is the science of decision making—understanding the costs and benefits of decisions made by individuals, communities, organisations and governments all of which affect our lives daily. Economists analyse how and why decisions are made, from individuals’ consumption and firms’ production, to determining prices. Methods include designing abstract models of how agents make decisions and testing these models using real-world data.

The breathtakingly audacious Guggenheim Museum, Bilbao, attracts more than 800,000 visitors annually. Built in Basque Country Spain, the museum was completed in 1997—at a cost of approximately US$374 million—to revitalise an industrial city in decline. However, economist Dr Beatriz Plaza estimates the Basques will recover their investment by 2010 or at the latest, 2014. She calls it the “The Bilbao Effect” for the museum’s enormous social and economic return on investment.

Topics studied in economics include: • determination of the prices and quantities of goods; • consumer and organisation behaviour; • international trade; • income distribution; • taxes, subsidies and tariff s; • determination of the aggregate level of economic activity; • climate change, resource allocation and management; • health and transport; • agricultural production; • unemployment; and • infl ation and economic growth. Economists: • provide advice and forecasts; • evaluate investment proposals, policy, interest rates, exchange rates, and share prices; • analyse markets; and • investigate national or international economic conditions or specific industries, markets or regions. How does it differ from Commerce and Business? Commerce, Business and Economics are complementary fields. However, Commerce and Business are vocationally based. Commerce focuses on accounting and finance. Business develops managerial skills, addressing key areas such as marketing, business development, human resource management and international business. Economics develops lifelong analytical skills with which graduates can build a strong basis for long-term career success. 5


“I’ve spent some 30 years working in economics, including a decade as a senior economist at the Organisation for Economic Co-operation and Development (OECD) in Paris. Throughout that time, the skills and aptitudes I acquired while studying economics at The University of Queensland have provided me with an excellent foundation for dealing with a wide variety of problems and issues.” Henry Ergas Senior Economic Advisor, Deloitte Australia The Eiffel Tower is one of the world’s most iconic structures. The economic impact of the structure is unassailable, with seven million visitors annually. From the Tower’s opening in 1889 for the Universal Exhibition, cities have wanted to emulate its success with their own “destination building” according to Guy-Philippe de Montebello former Director of the Metropolitan Museum of Art. Built by the talented engineer and entrepreneur, Gustave Eiffel, the Tower was originally permitted to stand for only 20 years. Eiffel ensured the longevity of his 324m tower by utilising it for meteorology and communication experiments. A giant antenna was installed for the earliest radio broadcasts and the tower became so valuable for France’s communication networks that it was allowed to remain.

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“The UQ School of Economics provides everyday students with the most unique career and intern opportunities available. For me, participating in the Uni-Capitol Washington Internship Program (UCWIP) has been the most rewarding experience I’ve had during my time at university. The internship provided a great opportunity to see leading experts from around the world, including former Federal Reserve Chairman Paul Volcker; Nobel Prize winning economist, Robert Engle; and the current Chairman of the Federal Reserve, Ben Bernanke.” Byron Hewson UQ Bachelor of Economics/Laws student

YOUR FUTURE CAREER OPPORTUNITIES Graduating from the UQ School of Economics will open up a diverse range of domestic and international career opportunities. You may also find yourself among the most highly paid of all graduates in business-related disciplines.

Our qualifications are recognised globally and our graduates are highly sought after by the finance and banking, international development, government, health and education sectors.

Work in diverse fields

You can choose to become an international consultant, policy advisor, investment banker, portfolio manager or researcher.

• F oreign aff airs or international development

Our graduates have also gone on to become leaders of business and government, politicians, development officers, UN officials and entrepreneurs. Who will employ you? The list is extensive but it includes the United Nations; the Department of Prime Minister and Cabinet; federal, state and local governments, departments and ministries; health organisations; Australian and international embassies and consulates; Deloitte; Ernst & Young; the World Bank; Macquarie Bank; and the Reserve Bank of Australia.

• Business • Environmental management

• Government or politics • Information technology • Infrastructure and transport • I nternational fi nance, investment, insurance and trade • Management • Marketing and tourism • N atural resource and agricultural econometrics • Policy • Public health

Current and former positions held by UQ School of Economics alumni include:

• Statistics

• CEO of the Brisbane Airport Corporation;

• Treasury

• Teaching and education

• CEO and co-founder of Wotif.com; • CEO of Brisbane Broncos Ltd; • D eputy Governor of the Reserve Bank of Australia; • I nvestment Advisor to the Republic of Maldives; • Chief of the Australian Defence Force; • Governor General (state); and • Magazine editors.

Develop skills • Analysis and research • Critical and creative thinking • Problem solving • Report writing • Logic-based decision making • F lexibility (applying economics to different disciplines)

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“In my time at the World Bank I’ve become familiar with small state and fragile state issues, trade and labour migration, public expenditure and budget, economic growth diagnostics, which has helped me better understand the importance of social and political context in policy-making.” Evelyn Ng Bachelor of Economics, Honours (2004) School of Economics, The University of Queensland

WHY CHOOSE THE UNIVERSITY OF QUEENSLAND The University of Queensland is a leading international research and teaching institution and one of Australia’s oldest universities. Located in sub-tropical Brisbane Australia, the University enjoys a long tradition of success and is consistently ranked in the top 50 universities in the world (Times Higher Education Supplement) and in the top three Australian research-intensive universities. It is a founding member of the leading Australian universities’ Group of Eight (Go8) and one of the only Australian members of the select international university network, Universitas 21. Our award-winning teachers employ innovative methods to meet the academic and professional needs of students. We have won more national teaching awards than any other Australian university and apply a studentcentred approach to learning. We have more than 2400 qualified academic staff, many of whom are recognised internationally as leaders in their field. UQ is a multicultural community of more than 40,700 students, with almost 8700 international students enrolled from more than 120 countries. Our students engage in a safe and vibrant environment with the most active campus life of any Queensland university.

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Our St Lucia Campus is renowned as one of Australia’s most attractive campuses and is just a 10-minute drive from Brisbane’s vibrant city heart. The 114-hectare campus is bounded by the Brisbane River on three sides and features gracious sandstone buildings, parklands and lakes. It encompasses world-class teaching and research facilities, including Queensland’s biggest multimedia library plus state-of-the-art lecture theatres and laboratories. We provide excellent academic and personal support services, including dedicated support for international students.

Importantly, students graduating from UQ are in demand throughout Australia and the world and have some of the best employment rates and starting salaries in the country. UQ was recently ranked 38th out of the world’s universities for graduate employability by the 2008 Employer Review.


“The analysis of how auctions work is one of the successes of modern mathematical economics. Developed to try out new ideas in game theory, auction theory ... came to be discussed in the corridors of power.” John McMillan (1951– 2007) A former Professor of Economics at Stanford University, Dr McMillan was one of the world’s leading economic theorists and made substantial contributions to the design of auctions to sell the spectrum of frequency used in mobile telephony. Professor Menezes, Head of UQ School of Economics, is also internationally renowned for his work in auction theory and has provided advice on auction design to governments and businesses in this region and beyond.

ABOUT THE UQ SCHOOL OF ECONOMICS The UQ School of Economics is a leading centre for teaching and research, with courses in economics offered at UQ since 1912. We are one of the largest and most influential economic schools in Australia and rank among the top five per cent of economic institutions in the world.

Our Masters programs offer the broadest range of specialisations in Australia and provides an alternative route to an MBA into the business/finance sector. While our PhD and Honours programs produce outstanding, highly-motivated and skilled graduates.

More than 1200 students are enrolled in the School, including international students from 40 different countries.

These programs are delivered by the School’s highly talented teaching and research staff.

We offer a comprehensive Bachelor of Economics program and one of the widest ranges of economics courses in Australia, allowing you to pursue individual interests and professional specialisations with maximum flexibility and depth.

Our academics undertake world-class research across a range of fields including economic theory, econometrics and environmental economics.

We deliver economics courses accredited by the Association to Advance Collegiate Schools of Business (AACSB) and European Quality Improvement System (EQUIS)—both bodies which recognise academic quality. The School provides postgraduate courses at certificate, diploma, masters and PhD levels.

We host three Australian Research Council Professorial Fellows and one Federation Fellow—far more than any other Australian school or department of economics. Research by the School’s academics is published in top international journals including Econometrica, Journal of Economic Theory, and Journal of Econometrics.

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“I don’t actually do this subject (I’m in science) but I haven’t missed a lecture yet. Enough said.” Anonymous Microeconomics student (2009) School of Economics, The University of Queensland

The UQ School of Economics offers a comprehensive range of undergraduate, honours degree, postgraduate coursework, postgraduate research and dual degree programs.

OUR PROGRAMS There are almost 60 undergraduate courses, with study areas including business economics, economic history, econometrics, environmental and resource economics, financial markets, public finance, regulatory economics, labour economics, health economics, economics of professional sport, international trade and development, macroeconomics and microeconomics. Students gain an in-depth understanding of the factors affecting economic performance, the business environment and the role and effectiveness of governments, while developing critical scientific skills including cost/benefit analysis, statistics and econometrics—all highly sought after by private and public sector employers. Our courses are delivered in state-of-the-art teaching and learning facilities, and supported by a wide range of online resources and programs, including a highly-successful peer-assisted study program for first year Bachelor of Economics students.

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“China’s stature in Australia’s economy has grown enormously but from my research I don’t believe that Australian policy makers are yet operating in an environment where, ‘When China sneezes, Australia catches a cold’. The US remains the most important external influence.” Dr James Laurenceson Senior Lecturer and Chinese economics specialist, School of Economics, The University of Queensland

Bachelor of Economics The Bachelor of Economics (BEcon) equips students with the necessary skills to work on the important policy and decision making challenges that constantly face business and government. These critical skills afford our students with a range of career opportunities nationally and internationally, conventional and unconventional. Specialisations* Students are able to complete a general degree or include specialisations within the BEcon:

Our Honours students are recognised widely for their skills and professionalism. They are highly sought after by Government and businesses seeking graduates with a higher level of economic understanding.

Postgraduate study options

Honours graduates also have access to top PhD programs worldwide.

• Graduate Diploma in Economics

Dual degree programs

• M asters in International Economics and Finance

Dual programs give students the flexibility to study two areas of interest simultaneously. The additional knowledge and skills gained give you a competitive edge in the workplace and broaden your career opportunities.

Coursework • Graduate Certifi cate in Economics • Graduate Certifi cate in Health Economics • Graduate Diploma in Health Economics

• Masters in Development Economics • Masters in Business Economics • Masters in Health Economics

• Quantitative Methods;

Dual programs can be completed quicker than two separate degrees.

• M asters in International Economics and Finance (Advanced)

• Business and Industry;

Dual Bachelor programs with Economics:

• International Trade and Finance; and

• Arts;

• M asters in Development Economics (Advanced)

• Natural Resources and Environment.

• Business Management;

* Our specialisations are under review Honours The School’s Honours program provides an extra year of high quality study to enhance your applied and analytical skills and knowledge of current economic research literature.

• Commerce; • Engineering; • Law; and • Science. An economics major can also be undertaken in more than 20 other degrees at UQ.

• M asters in Business Economics (Advanced) • Masters in Health Economics (Advanced) • Masters in Economics Higher research degrees • PhD • Master of Philosophy More information regarding programs and courses can be found at our website: www.uq.edu.au/economics 11


Scholarships The UQ School of Economics understands that financial assistance can make a world of difference, which is why we offer several scholarships. These include undergraduate and postgraduate scholarships for domestic and international students.

Bursaries The School of Economics has exchange and study-abroad scholarships for students who want to enhance their study experiences through overseas study. • Tomas Riha Bursary • School of Economics Jubilee Scholarship

Awards and prizes Undergraduate awards and prizes are available to students studying economics. • Queensland Competition Authority Prize • D epartment of Education, Employment and Workplace Relations Prize • The Economics Society Prize • The Australian Finance Conference Prize • McGraw-Hill Prize • ACCC Economics Honours Prize • Archibald Prize

“ Studying at Universita Bocconi in Milano in 2008 was easily one of the greatest experiences of my economics degree. For four glorious months I was able to experience an onslaught of fast paced Italian culture, slow paced bureaucracy, delicious cuisine and incredible nightlife.” Hugh Jorgensen Tomas Riha Bursary recipient (2007) School of Economics, The University of Queensland

For more information about scholarships, bursaries, and awards and prizes visit: www.uq.edu.au/economics/scholarships

Student associations • T he Economics Society of Australia UQ Student Chapter (UQESA) • T he School of Economics Alumni Association • T he Financial Management Association of Australia

Working with industry The School of Economics has strong links internationally with other economic schools and departments as well as with industry, international development agencies—including the World Bank, United Nations, World Health Organisation, International Monetary Fund and Asian Development Bank—and all levels of Australian governments. Our students also have access to a dedicated employment service unit available to both students and industry. This service is provided by our Faculty of Business, Economics and Law. For more information, visit www.bel.uq.edu.au/careers

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Case study: Improving choices for mobile phone contracts UQ School of Economics academics Associate Professor Peter Earl and Dr Lana Friesen are studying how consumers choose between complex mobile phone contracts and the regulatory implications of their coping strategies. The pair’s findings will allow an assessment of existing regulatory policies and have implications for regulators seeking to design consumer protection policies where firms deliberately offer customers obscure contracts. According to Dr Friesen, choosing a mobile phone contract is a major cognitive challenge.

INFORMATION FOR DOMESTIC STUDENTS Admission requirements

English language requirements

To gain admission to undergraduate programs, Australian students must satisfy prerequisites and have a sufficient entry score.

Permanent Australian residents, who studied in a language other than English, must provide evidence of English proficiency (as outlined in the Entry Options booklet available from UQ Admissions).

Prerequisites Subject prerequisites are the Queensland Year 12 or equivalent subjects required for individual programs. Students may also gain admission to programs with subject equivalents from interstate or overseas schooling, external senior studies or tertiary studies. Entry scores Entry scores include Overall Positions (OP) and ranks. Eligible applicants are selected for admission to a program in order of merit based on entry scores. Those with the highest entry score are selected first. The minimum OP or rank required for quota places varies from year to year and is determined once quota applications have been processed and places allocated. All other applicants are allocated a rank: • interstate Year 12 students and Australian students who complete the International Baccalaureate (IB) are allocated a National Agreed Common Index–the Interstate Transfer Index (ITI)–which is used to calculate a rank; and • non-school leavers (including previous Queensland Year 12 students who qualified for an OP) and OP-ineligible Year 12 school leavers are allocated a rank when they apply for tertiary education through QTAC.

“There’s a huge variety of contracts on offer, they’re complex and you’re often uncertain about how to match your needs to the best contract,” she said. “Suppliers may deliberately use confusion to trick consumers into spending more than they need to. “We’re using research methods from behavioural and experimental economics to discover the extent and types of errors consumers make when choosing their mobile phone contract.”

How to apply Applications for admission to undergraduate programs at UQ are made through QTAC. We advise all prospective students to read the QTAC Guide for essential information on the application process and entry requirements. Free copies are given to all current Queensland Year 12 students and some interstate schools. You can also purchase a copy from newsagents or through QTAC. Current Year 12 and other prospective students lodge an application online through QTAC: www.qtac.edu.au Enrolment Once you have been offered a place in a UQ program, you may formally accept the offer by lodging a response with QTAC. You can then enrol at UQ by using the UQ link from QTAC’s Current Applicant online service. The UQ enrolment website (www.uq.edu.au/ enrolment) provides information about the enrolment process. QTAC www.qtac.edu.au Telephone: 07 3858 1222 UQ Admissions www.uq.edu.au/study Telephone: 07 3365 2203 Email: admissionsenquiries@admin.uq.edu.au Queensland Year 12 students Telephone: 07 3346 7376 Interstate Year 12 students Telephone: 1800 671 980

“I came across economics through the core classes in my business degree and the topics were more interesting. I was attracted by economics’ empirical approach to human behaviour … as well as being interested in public policy issues and political economy and philosophies.” Trent McDonald Honours student (2010) School of Economics, The University of Queensland

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INFORMATION FOR INTERNATIONAL STUDENTS Almost 8700 international students from more than 120 countries currently call UQ home. Eligibility for UQ Study For admission into undergraduate programs at UQ, students must have: • completed recognised studies to the required standard; • satisfied individual program requirements; and • satisfied UQ English language requirements. If you do not meet these criteria, consider taking the foundation year bridging course offered by International Education Services (IES) or English training offered by the Institute of Continuing and TESOL Education (ICTE).

“Fashion is part of how economies evolve ... we should all learn to like it more.” Dr Jason Potts Lecturer, School of Economics, The University of Queensland

Study Abroad and Exchange

Fees and charges

International students currently studying overseas at an accredited university can study at UQ for one or two semesters as part of the Study Abroad program. If another university has an exchange agreement with UQ, students can study at UQ as exchange students for one or two semesters.

Fee-paying students pay tuition fees based on the courses they undertake, regardless of the program in which they are enrolled.

www.uq.edu/international/exchange www.uq.edu.au/studyabroad English language requirements To meet the University’s English language proficiency requirements, international applicants must achieve at least 6.5 overall and 6.0 in the writing test of International English Language Testing System (IELTS) or equivalent test.

Applying to UQ International students should refer to the UQ Undergraduate Prospectus for International Students, which can be downloaded from www.uq.edu.au/international International students studying Year 12 in Australia, should visit www.uq.edu.au/ international/ausyear12 for more information on application procedures and entry requirements. Contact details International Recruitment Manager

www.uq.edu/international/ language-requirements

Email (online enquiry form): www.uq.edu.au/international/enquiry

Expenses

Telephone +61 3 8676 7004 (outside Australia) 1800 671 980 (within Australia)

Sufficient funds are required to cover tuition fees, return airfares, and Overseas Student Health Cover. In addition, approximately AU$18,000–$20,000 per year is required to live comfortably in Brisbane. www.uq.edu.au/international/fees Services for international students A range of services and programs are provided to help international students settle quickly into life as a UQ student. These include airport pickup, assistance in finding temporary accommodation, orientation and academic preparation sessions. www.uq.edu.au/international/support

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www.uq.edu.au/international/fees

Accommodation services Finding a great place to live while studying at UQ can really enhance your experience of university life. Accommodation Services provides information and services to assist you to find a home that’s right for you, and make your arrival in Brisbane as smooth as possible. www.accommodation.uq.edu.au


TERMINOLOGY EXPLAINED Case study: The international student I first came to UQ to study economics as an exchange student from China. I really loved economics, the Great Barrier Reef and Brisbane, so I applied to come back and finish my degree here. Luckily, the School of Economics not only accepted me but also offered me a scholarship. I chose economics as it has both the Arts and Sciences elements—it’s a science but also a social science. I enjoy the maths in it as well as the history; the analysis and also the arguments. During the summer holiday before Honours started, I worked as an analyst intern at UBS Investment Bank in Hong Kong. My UQ economics degree and the scholarship helped in getting that internship. After graduating from UQ, I started working as a policy officer at the Queensland Department of Mines and Energy. The following year, I moved to Queensland Treasury Office of Economic and Statistical Research as a microeconomist. I am absolutely thrilled to be applying the high level of analytical and mathematical skills with which my UQ degree equipped me. Whether you decide to pursue an academic career or a career in the public sector, in banking, or in consulting, your study at UQ opens many doors to you and will lead you to a bright future. Mei Li Bachelor of Economics, Honours (2008) School of Economics, The University of Queensland

“What I like most about economics is that the basic principles are applicable pretty much everywhere —the economic thinking and analytical skills I’ve acquired are useful in daily life and work.” Mei Li

Alumni

International student

Graduate or former student of an educational institution. A student who is an Australian citizen or permanent resident or a New Zealand citizen.

A student who is not an Australia citizen or permanent resident nor a New Zealand citizen, and is enrolled or proposes to enrol at an institution in Australia; Temporary residents of Australia are also classified as international students.

Bachelor degree

Overall Position (OP)

A qualification awarded for the first level of study undertaken at university, typically requiring three to five years of study, depending on the bachelor degree studied (see also undergraduate program).

OPs provide State-wide rank order of students based on their achievement in Queensland Studies Authority subjects studied for the Queensland Senior Certificate. A student’s OP shows how well that student has performed when compared with the performances of all other OP-eligible students in Queensland.

Australian (domestic) student

Course (formerly known as a subject) A component of study within a program, similar to a subject at school; full time students usually study four courses per semester. Elective Courses you can choose to study from a wide variety of disciplines, often from outside your major field of study. Entry scores Undergraduate students are assigned an entry score based on high school studies or other post-secondary studies. Students who complete high school studies in Queensland are assigned an Overall Position (OP). Year 12 students in other Australian states are assigned an Interstate Index (ITI). All other students are assigned a rank. Once a student has completed a full year of study at UQ, their OP or ITI is converted to a rank based on Grade Point Average (GPA).

Postgraduate programs Programs studied after graduating from undergraduate degrees include graduate certificates, graduate diplomas, masters and professional doctorates. Program (formerly known as course) A sequence of study involving enrolment, study and graduation, normally awarded with a qualification such as a bachelors degree, graduate diploma or certificate. Program code A unique identifying number assigned by UQ to a program. QTAC The Queensland Tertiary Admissions Centre (QTAC) is the central admissions body for all Queensland undergraduate programs.

Exchange (UQ Abroad)

Semester

A program where students enrolled at UQ may be eligible to study in another country under UQ’s student exchange program.

The UQ teaching year is divided into three semesters: Semester I, Semester 2 and Summer Semester. Most programs only require students to be enrolled in Semesters 1 and 2 each year.

Faculty A major organisational unit within UQ, with responsibility for academic programs; Faculties may have several sub-faculty academic units called Schools. The head of a faculty is called an Executive Dean. Honours An Honours degree can be awarded based on overall performance in specific years or courses of the program. Alternatively, some programs such as The Bachelor of Economics program require an additional year of advanced, more specialised study for students to be awarded an honours degree, with the class of honours awarded on academic performance during the three year bachelors program.

Study Abroad A program where students enrolled at an overseas university study at UQ for one or two semesters as part of their home university degrees. Undergraduate programs Usually refers to first-time university program including diplomas and bachelors degrees. www.uq.edu.au/stud/terminology

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“If you’re having dating problems —talk to an economist not a psychologist.” Philosophy of a University of Queensland economist

School of Economics The University of Queensland Address Level 6 Colin Clark Building (39) Blair Drive The University of Queensland St Lucia Queensland Australia 4072 General enquiries Telephone +61 7 3365 6570 Facsimile +61 7 3365 7299 Email enquiries@economics.uq.edu.au Prospective International Students Telephone 1800 671 980 (free call within Australia) +61 3 8676 7004 (International) Email study@uq.edu.au

www.uq.edu.au/economics

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