Bachelor of Economics (33E)

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

Overview  2020

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

BEA140 Quantitative Methods is a foundation unit in business statistics and the mathematics of finance, and is a core unit in the Bachelor of Economics (BEc) and Bachelor of Business (BBus) degrees. It is also a nominated elective in a…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2
LauncestonAccelerated Study Period 2
Cradle CoastSemester 2
Hong Kong Universal EdSemester 2

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

This unit provides students with a variety of quantitative techniques that help them to analyse problems from the modern economic practice to everyday life. The unit also assists business/economics students to acquire necessary quantitative knowledge and techniques that are required…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

Year 2
Compulsory intermediate unit

The goal of the unit is to develop a thorough understanding of basic econometric methods so that the student can, at the end of this unit: Critically evaluate empirical studies in economics and finance which involve use of simple econometric…

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:

This is an intermediate level unit in Economics. The unit is for students who have elected the Business Economics major in the Bachelor of Business (BBus) and the Economic Policy major in the Bachelor of Economics (BEc) degrees. The unit…

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 practise 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 is a third-year unit and a compulsory unit in the Economics Foundations and Finance majors in the Bachelor of Economics. It is an elective unit in Economic Analysis major in the Bachelor of Economics and the Finance major in…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

BEA332 Evaluating Alternatives is an advanced level economics unit offered by the Tasmanian School of Business and Economics. BEA332 builds on microeconomic concepts to provide students with an introduction to several widely applied economic evaluation and impact assessment methods. Informing…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

The aim of this unit is to introduce you to the economic theory of industrial organisation and to consider its application to modern markets. The foundation theories of monopoly and perfect competition are reviewed, and their implications for industrial markets…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

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, students are provided…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

Year 1
Compulsory introductory units

BEA140 Quantitative Methods is a foundation unit in business statistics and the mathematics of finance, and is a core unit in the Bachelor of Economics (BEc) and Bachelor of Business (BBus) degrees. It is also a nominated elective in a…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2
LauncestonAccelerated Study Period 2
Cradle CoastSemester 2
Hong Kong Universal EdSemester 2

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

This unit provides students with a variety of quantitative techniques that help them to analyse problems from the modern economic practice to everyday life. The unit also assists business/economics students to acquire necessary quantitative knowledge and techniques that are required…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

Year 2
Compulsory intermediate unit

The goal of the unit is to develop a thorough understanding of basic econometric methods so that the student can, at the end of this unit: Critically evaluate empirical studies in economics and finance which involve use of simple econometric…

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:

This is an intermediate level unit in Economics. The unit is for students who have elected the Business Economics major in the Bachelor of Business (BBus) and the Economic Policy major in the Bachelor of Economics (BEc) degrees. The unit…

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 practise 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 students with an advanced undergraduate level treatment of macroeconomic theory and policy. It provides an analysis of macroeconomic theory and development of the 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

BEA332 Evaluating Alternatives is an advanced level economics unit offered by the Tasmanian School of Business and Economics. BEA332 builds on microeconomic concepts to provide students with an introduction to several widely applied economic evaluation and impact assessment methods. Informing…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

This is an advanced course in microeconomic theory. The unit covers the main topics of microeconomics including consumer and producer behaviour, partial and general equilibrium, behaviour under uncertainty, game theory and asymmetric information. You will learn the fundamental methods and…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

BEA342 Econometrics provides the techniques required to quantify the magnitude, strength and form of relationships between variables, and the strategies that need to be employed to use these techniques effectively. More specifically, it examines the theory and use of the…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

Compulsory introductory units

BEA140 Quantitative Methods is a foundation unit in business statistics and the mathematics of finance, and is a core unit in the Bachelor of Economics (BEc) and Bachelor of Business (BBus) degrees. It is also a nominated elective in a…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2
LauncestonAccelerated Study Period 2
Cradle CoastSemester 2
Hong Kong Universal EdSemester 2

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

This unit provides students with a variety of quantitative techniques that help them to analyse problems from the modern economic practice to everyday life. The unit also assists business/economics students to acquire necessary quantitative knowledge and techniques that are required…

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 workshops will explore a range of topics such as the management of water in a dry county, climate change, energy and biodiversity. This unit explores the concepts and theory for economic analysis, policy and related…

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

The goal of the unit is to develop a thorough understanding of basic econometric methods so that the student can, at the end of this unit: Critically evaluate empirical studies in economics and finance which involve use of simple econometric…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

Compulsory advanced units

BEA342 Econometrics provides the techniques required to quantify the magnitude, strength and form of relationships between variables, and the strategies that need to be employed to use these techniques effectively. More specifically, it examines the theory and use of the…

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

BEA111 Principles of Economics 1 is a compulsory unit in the Bachelor of Economics (BEc) and Bachelor of Business (BBus) degrees. It is also a nominated elective in a wide range of other programs throughout the University of Tasmania and…

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

BEA121 Principles of Economics 2 is the second of two foundation level economics units offered by the Tasmanian School of Business and Economics. Taken together with BEA111 Principles of Economics 1, BEA121 provides you with a comprehensive introduction to macroeconomic…

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 the basic foundations of economics and the essential building blocks for higher-level economics and finance units. Starting from fundamental assumptions, this unit develops the neoclassical theory of the optimising behaviour of…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

BEA220 is an intermediate level unit in macroeconomic theory and policy. Building upon the macro foundations taught in BEA121 Principles of Economics 2, this unit provides you with both a solid grounding in macroeconomics and prepares you for advanced study…

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

This unit provides the opportunity for you to acquire an understanding of business from an accounting perspective and to begin your development of a coherent body of knowledge in accounting and finance. You will develop skills in planning and decision…

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 2

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

Finance is a discipline that deals with the sources and uses of money by individuals, businesses and governments. This unit provides an introductory examination of business finance. Emphasis is placed on the development of analytical tools that can help 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

This unit focusses on security analysis and portfolio management. The unit is designed around the following three points of view, to enable you to learn about trading and investing in financial markets. Investment skills for your own personal gain. Investment…

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 is concerned with Corporate Finance. The central issues in Corporate Finance are how to acquire and employ or invest funds efficiently. Concepts in Corporate Finance are explored as a set of ideas and principles that work together and…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

In this face-to-face and flexible delivery unit, we 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 of…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

International finance refers to a branch of financial economics that deals with monetary systems and economics that surpass national borders. This field focuses on global capital markets through monitoring and examining trade practices across borders, global investment flows and movements…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

This is a third-year unit and a compulsory unit in the Economics Foundations and Finance majors in the Bachelor of Economics. It is an elective unit in Economic Analysis major in the Bachelor of Economics and the Finance major in…

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 2020, this fee is $46.20 per unit (of 12.5 credit points). In 2020, the maximum charge for full time students is $308.

International students

2020 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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