Bachelor of Economics (33E)

This course is in teach-out and is not accepting new admissions

Overview  2019

ATAR

Guaranteed Entry ATAR

Guaranteed Entry ATAR

Achievement of a specified ATAR will guarantee acceptance into a course or institution, subject to any non-ATAR criteria being met, such as a prerequisite study or English language proficiency.

: 65

Duration

Minimum 3 Years, up to a maximum of 7 Years

Duration

Duration refers to the minimum and maximum amounts of time in which this course can be completed. It will be affected by whether you choose to study full or part time, noting that some programs are only available part time.

Location

This course may not be available to international students. Please see the list of distance courses (i.e. online and taken outside Australia) that are offered to international students

With a Bachelor of Economics, you will develop a detailed understanding of how decisions are made by individuals, firms, and governments through analysis of micro and macro economic environments for business and the broader community.

This on-campus, 3-year full-time or 7-year part-time course is offered at the Hobart campus, with the first year of the degree is also offered at Launceston and a limited number of first year units are also available at the Cradle Coast Campus.

Economics Relocation Scholarship

The Tasmanian School of Business Economics (TSBE) welcomes interstate students to live and study here in Tasmania. Experience the best of both worlds with newly renovated lecture theatres and collaborative study areas, along with on campus accommodation and weekend adventures on your doorstep. A number of generous relocation scholarships are available to interstate students who attain an ATAR of 75+ and commence the Bachelor of Economics in Semester 1, 2017. Students apply for this course and meet the eligibility requirements will automatically qualify for this scholarship. See the scholarships website for full details. 


The general aims and objectives of the Bachelor of Economics are to produce well educated and adaptable graduates with appropriate knowledge and professional skills to meet the existing needs and demands of employment in industry, commerce, banking, public administration or the more specialised fields of professional or research economics.

Career outcomes

The Bachelor of Economics degree opens up many career opportunities. Past graduates have established careers in a wide range of activities: some examples include: central banking, commercial consulting, commercial banking, local government, administration, management, market research, merchant banking, political advising, stockbroking and teaching.

Professional Recognition

There are no professional bodies in the economics discipline. While undertaking the Bachelor of Economics degree, students can apply to become special members of the Economics Society of Australia.

Students completing a Bachelor of Economics with a Finance major meet the academic entry requirements to seek membership of the Australian Institute of Banking and Finance.

Course structure

In the Bachelor of Economics you choose a major, enrol in the compulsory minor and choose 4 degree electives and 8 student electives.


This degree consists of a total of 24 units comprising:

  • A major of 8 units: 2 introductory, 2 intermediate, 4 advanced units
  • A minor of 4 units: 2 introductory, 2 intermediate units
  • Four degree electives: 2 introductory, 2 intermediate or advanced units. Note: if you choose advanced level degree electives, you need to enrol in 2 student electives at intermediate level to meet the degree requirements of (a minimum of) 6 intermediate level units.
  • Eight student electives: units which may be chosen from this or any other subject area within the University, provided they meet the unit level requirements for the degree (see next point below), unit pre-requisites and quotas. You may take individual units or study up to the equivalent of a second major or a minor through your student electives and try out different subject areas - it's your choice.
  • Unit level requirements for the degree are: between 8-10 units at introductory level, 6-10 units at intermediate level and 6-10 units at advanced level. For example, this means you could study 8 introductory, 8 intermediate and 8 advanced, or you could take 8 introductory, 7 intermediate and 9 advanced units or other combinations within these ranges.

Note 1: Students may elect to take an optional second major in Finance as the 8 student electives.

Note 2: Launceston and Cradle Coast students must transfer to Hobart to complete this degree. Only first year is available on the Launceston campus and there is limited first year availability at the Cradle Coast campus.

Choose 1 major from the following list:

Year 1
Compulsory introductory units

Quantitative Methods provides you with a foundation in the mathematics of finance and statistical descriptions and analysis appropriate for the study of, and professional practice in, business, economics, accounting, finance, management and marketing. The primary emphasis is on understanding the…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2
LauncestonAccelerated Study Period 2
Cradle CoastSemester 2
Hong Kong Universal EdSemester 2
Shanghai Ocean UniversityShanghai Semester 1

Key: On-campus    Off-Campus    International students    Domestic students

This unit provides economics and business students with basic quantitative techniques that help them analyse Economics problems . To some extent many of the mathematical tools covered will already be familiar to students from TCE Mathematics Applied. Since students will…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Year 2
Compulsory intermediate unit

This unit provides you with an introduction into the econometric methods that can be used to examine the strength and form of relationships between economic variables. More specifically, you will examine the theory and use of the Linear Regression Model…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Choose 1 intermediate unit from the following list:

BEA202 provides you with an understanding of a wide range of issues related to international trade theory, policy and contemporary global issues. In undertaking the unit, you will develop knowledge of both the micro and macro aspects of the international…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Strategic thinking is the art of outdoing an adversary, knowing that the adversary is trying to do the same to you. All of us must practice strategic thinking at work, as well as in everyday life. As a business manager,…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Year 3
Compulsory advanced units

In undertaking this unit you will examine the institutional structure of the Australian and international financial systems, considering:the different roles of intermediaries and markets, and the role they play in the flow of funds in the economy;the use of financial…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

This unit builds on an understanding of microeconomic concepts in order to provide you with an introduction to several widely-applied economic evaluation and impact-assessment methods. Informing decision-makers about how best to allocate scarce resources is a key role for economists…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

In undertaking this unit you will develop an analytical basis for evaluating the impact of policy on the economic performance of industries. You will examine government policies relating to industry in Australia, particularly competition policy; and consider the impact of…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

This unit provides you with the framework and tools required to critically analyse many topical natural resource and environmental debates from an economic perspective. The basic economic concepts you covered in first year are reviewed and extended to examine fundamental…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Year 1
Compulsory introductory units

Quantitative Methods provides you with a foundation in the mathematics of finance and statistical descriptions and analysis appropriate for the study of, and professional practice in, business, economics, accounting, finance, management and marketing. The primary emphasis is on understanding the…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2
LauncestonAccelerated Study Period 2
Cradle CoastSemester 2
Hong Kong Universal EdSemester 2
Shanghai Ocean UniversityShanghai Semester 1

Key: On-campus    Off-Campus    International students    Domestic students

This unit provides economics and business students with basic quantitative techniques that help them analyse Economics problems . To some extent many of the mathematical tools covered will already be familiar to students from TCE Mathematics Applied. Since students will…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Year 2
Compulsory intermediate unit

This unit provides you with an introduction into the econometric methods that can be used to examine the strength and form of relationships between economic variables. More specifically, you will examine the theory and use of the Linear Regression Model…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Choose 1 intermediate unit from the following list:

BEA202 provides you with an understanding of a wide range of issues related to international trade theory, policy and contemporary global issues. In undertaking the unit, you will develop knowledge of both the micro and macro aspects of the international…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Strategic thinking is the art of outdoing an adversary, knowing that the adversary is trying to do the same to you. All of us must practice strategic thinking at work, as well as in everyday life. As a business manager,…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Year 3
Compulsory advanced units

This unit presents you with an advanced undergraduate level treatment of macroeconomic theory and policy. The unit provides an analysis of macroeconomic theory and development of modern macroeconomic modelling framework with emphasis on the role of monetary policy, fiscal policy…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

This unit builds on an understanding of microeconomic concepts in order to provide you with an introduction to several widely-applied economic evaluation and impact-assessment methods. Informing decision-makers about how best to allocate scarce resources is a key role for economists…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

This unit forms one of the capstone units of the suite of core economics. You will develop your understanding of microeconomic theory, and its application, to a range of policy issues, bringing together aspects of welfare economics, cost-benefit analysis and…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

This unit provides you with the techniques required to quantify the magnitude, strength and form of relationships between variables and the strategies that you will need to employ to use these techniques effectively. More specifically, you will examine the theory…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Compulsory introductory units

Quantitative Methods provides you with a foundation in the mathematics of finance and statistical descriptions and analysis appropriate for the study of, and professional practice in, business, economics, accounting, finance, management and marketing. The primary emphasis is on understanding the…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2
LauncestonAccelerated Study Period 2
Cradle CoastSemester 2
Hong Kong Universal EdSemester 2
Shanghai Ocean UniversityShanghai Semester 1

Key: On-campus    Off-Campus    International students    Domestic students

This unit provides economics and business students with basic quantitative techniques that help them analyse Economics problems . To some extent many of the mathematical tools covered will already be familiar to students from TCE Mathematics Applied. Since students will…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Practical, public policy-orientated lectures and tutorials will explore a range of topics such as the management of water in a dry county, climate change, energy and biodiversity. Building on the knowledge gained in BEA111, this unit explores the concepts and…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

You must enrol in BEA101 Environmental and Resource Economics 1 in your degree electives on your study plan to take this major.
Compulsory intermediate units

The goal of this unit is to provide a thorough understanding of key topics in environmental and natural resource economics. While the emphasis is on the economic approach to issues and debates on environmental and resource problems, you are provided…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

This unit provides you with an introduction into the econometric methods that can be used to examine the strength and form of relationships between economic variables. More specifically, you will examine the theory and use of the Linear Regression Model…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Compulsory advanced units

This unit provides you with the techniques required to quantify the magnitude, strength and form of relationships between variables and the strategies that you will need to employ to use these techniques effectively. More specifically, you will examine the theory…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

And 3 from the following units:

BEA312 Economics of the Antarctic, Sub-Antarctic and Southern Ocean examines the impact of direct anthropogenic activity and the global problems associated with climatic and sea level changes occurring in the southern region. The purpose of the unit is to explore…

Credit Points: 12.5

This unit is currently unavailable.

Energy is a key input for a well-functioning economy and is essential for maintaining our modern way of life. Energy influences many dimensions of our economic and social lives. Ensuring future responsible (sustainable) and equitable access to affordable energy is…

Credit Points: 12.5

This unit is currently unavailable.

The goal of this unit is to provide a thorough understanding of key topics in marine and fisheries economics. While the emphasis is on the economic approach to issues/debates on marine resource policies and problems, you are provided with a…

Credit Points: 12.5

This unit is currently unavailable.

This unit, therefore will build on the theory and practical knowledge taught in BEA201 Environmental and Resource Economics and explore the concept of environmental valuation, ecosystem services and the related economics. You will have the opportunity to develop a theoretical…

Credit Points: 12.5

This unit is currently unavailable.

Compulsory minor

Year 1
Compulsory introductory units

Principles of Economics 1 enables you to improve your decision-making in all domains of your life. The unit will enable you to better understand aspects of the microeconomic policy environment in which you operate, and to apply the key economic…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1
LauncestonAccelerated Study Period 1
LauncestonAccelerated Study Period 3
Cradle CoastSemester 1
Hong Kong Universal EdSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Principles of Economics 2 facilitates improved decision making in all domains of your life. You will develop a better understanding of aspects of the macroeconomic policy environment in which business managers operate and the choices faced by policy makers in…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Year 2
Compulsory intermediate units

Intermediate Microeconomics has two main purposes. First, it provides you with the basic foundations of economics. Starting from a number of fundamental assumptions, this unit develops the neoclassical theory of the optimising behaviour of consumers and firms and the process…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Intermediate Macroeconomics equips you with the macroeconomic theories used in the 'real world', for example, by Treasury officials in formulating the Government Budget, or by business economists forecasting GDP and inflation. The unit expounds the IS-LM models allowing you to…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Optional second major

You have the option of taking a second major in your student electives, such as the Finance major which is listed below.

This major can be taken on campus at the Hobart campus or via distance.

If you are intending to study Honours, you should choose BEA342 Econometrics at advanced level and not BEA321 Banking and Financial Institutions in the Finance major.

Year 1
Compulsory introductory units

Provides you with an understanding of the role that accounting plays in various aspects of financial decision making. The unit provides a conceptual overview of the profit and wealth measurement process, and of the major financial statements which provide information…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1
HobartSemester 2
LauncestonAccelerated Study Period 1
LauncestonAccelerated Study Period 3
Cradle CoastSemester 1
Hong Kong Universal EdSemester 1
Hong Kong Universal EdSemester 2
Shanghai Ocean UniversityShanghai Semester 1

Key: On-campus    Off-Campus    International students    Domestic students

Financial markets play a critical role in the functioning of a modern global economy. To understand how these financial markets operate, it is important to establish the "key principles of finance" that underpin the decisions made by financial market participants,…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Year 2
Compulsory intermediate units

In this unit we will focus on security analysis and portfolio management. The unit is designed around the following three perspectives to enable you to learn about trading and investing in financial markets:Investment skills for your own personal gain;Investment skills…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

This unit introduces you to the major concepts and analytical tools used in the theory andpractice of financial management in a business organisation. It is designed to provide you with anunderstanding of:The scope and nature of the finance function and…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2
LauncestonSemester 2
Cradle CoastSemester 2
Hong Kong Universal EdSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Year 3
Compulsory advanced units

This unit provides you with an in-depth analysis of the principles of corporate finance. Throughout the semester you will examine:risk management structure, dividend policy and capital expenditure decisions; corporate acquisitions and restructuring;alternative funding mechanisms;securities and securities markets with an emphasis…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

DIn this face-to-face and flexible delivery unit, you will develop an understanding of one of the fastest growing types of financial markets - those of derivative securities. They are called derivative securities because they 'derive' their value from the value…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

This unit provides you with the skills necessary to understand and address some of the multi-faceted issues of the international financial environment. International finance draws upon ideas and techniques from various fields, including financial management, international trade, macroeconomics, and investment…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

In undertaking this unit you will examine the institutional structure of the Australian and international financial systems, considering:the different roles of intermediaries and markets, and the role they play in the flow of funds in the economy;the use of financial…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Degree Electives

You have the choice of 4 units (50 credit points) in your degree electives. The choice of units will be shown on your study plan in eStudent.

Student Electives

You have the choice of 8 units (100 credit points) as student electives.  The choice of units will be shown on your study plan in eStudent.

Entry requirements

Domestic students must meet the University's General Entry Requirements. Accordingly, international students must meet the Admission Requirements for International Students.

International students must provide an IELTS score with an overall Band of 6 and no band less than 5.5; or a TOEFL score of 550 with a Test of Written English score of no less than 4.5. The test must not be more than 24 months old.

Entrants to the Bachelor of Economics must have completed Mathematics Applied TQA 3 (MTA315109) or an equivalent pre-tertiary or higher level mathematics subject. Applicants who do not have the mathematics prerequisite and who wish to enrol in the BEc should contact the TSBE Academic Administration Office on 1800 030 955 or enquiries@business.utas.edu.au concerning a pathway into this degree. Students returning to study either after a long absence or new students who have the mathematics prerequisite but who lack confidence in their quantitative skills should enrol in UPP075 Bridging Maths, XAB090 Transition Maths or BEA109 Introduction to Quantitative Methods or KMA003 Mathematics Foundation Unit, before enrolling in the core BEc units BEA140 Quantitative Methods or BEA142 Quantitative Economic Analysis.

International students who have the mathematics prerequisite but who lack confidence in their quantitative skills and who would like to undertake a mathematics bridging program may only take BEA109.

TSBE also offers direct credit for its awards. For example, a current TSBE student wishing to transfer to the BEc with credit and vice versa receives direct credit. Credit for study already undertaken within another degree at UTAS, or at an Australian or overseas tertiary institution, may also be granted.

Depending on the course of study and the majors chosen, students may not be able to use all of the credit that has been granted, for example, credit for unspecified electives. Students who wish to be considered for credit/advanced standing should complete and sign an application and submit it to the TSBE Academic Administration Office.

The application form and information on the TSBE's credit policy are available at Credit for prior study page.

In the case of international students, credit for previous tertiary study will be determined on application and, if granted, included with the Offer of Enrolment.

Fees & scholarships

Domestic students

Domestic students enrolled in a full fee paying place are charged the Student Services and Amenities Fee but this fee is incorporated in the fees you pay for each unit you enrol in. Full fee paying domestic students do not have to make any additional SSAF payments.

Domestic students enrolled in a Commonwealth supported place will be charged a fee based on the number of units they enrol in. In 2019, this fee is $45.45 per unit (of 12.5 credit points). In 2019, the maximum charge for full time students is $303.

International students

2019 Total Course Fee (international students): $0 AUD*.

Course cost based on a rate of $26,250 AUD per standard, full-time year of study (100 credit points).

* Please note that this is an indicative fee only.

Scholarships

The Tasmanian School of Business Economics (TSBE) welcomes interstate students to live and study here in Tasmania. Experience the best of both worlds with newly renovated lecture theatres and collaborative study areas, along with on campus accommodation and weekend adventures on your doorstep. A number of generous relocation scholarships are available to interstate students who attain an ATAR of 75+ and commence the Bachelor of Economics in Semester 1, 2017. Students apply for this course and meet the eligibility requirements will automatically qualify for this scholarship. See the scholarships website for full details. 

How can we help?

Do you have any questions about choosing a course or applying? Get in touch.

Domestic
1300 363 864
International
+61 3 6226 6200
Email
Course.Info@utas.edu.au
Online
Online enquiries

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