Bachelor of Economics (B3B)

Overview  2021

Entry Requirements

See entry requirements

Duration

mode.loadCategory not equal to Part Time
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

Hobart
Semester 1, Semester 2
Distance Hobart
Semester 1, Semester 2

Commonwealth Supported places available

Entry Requirements

See entry requirements

Duration

Minimum 3 Years
Entry requirements

Location

Hobart
Semester 1, Semester 2
Distance Hobart
Semester 1, Semester 2

It made “perfect sense”  for Peter to study at the University when he weighed up his options.

“I did not believe that studying at a university outside of Tasmania would make me any better off. I figured that if there were prominent UTAS alumni, such as economist Saul Eslake, who were well regarded then there was probably nothing stopping me from achieving my career aspirations. "

Peter Legg, Economics Graduate

Discover skills for the future and make a difference with your career.

Through economics, you can follow your passion and shape the world. Get the knowledge and skills to create an exciting career in economics. Our Bachelor of Economics offers you a pathway to specialise in either Industry, Policy and Business Strategy or Society and Environment. Both teaching you how to understand the world around you to support industry and government with policy and practice. You’ll also be able to cross-skill by studying a range of electives from other areas of the University.
  • Make a difference with your career. Help solve the economic and financial challenges of the future.
  • Learn from leading experts whose links with industry, professional associations, other academics and government ensure that their teaching remains contemporary and relevant.
  • Real-world learning. Enrich your degree through hands-on learning experiences: corporate internships, report writing, multidisciplinary teamwork, and the use of industry case studies in the classroom.
  • Be rewarded in the workplace. Enter the workforce with the analytical and communication skills highly valued by industry and government.

The Bachelor of Economics is a 3 years full-time or up to 7 years part-time course offered on campus in Hobart and online.

Key contacts

Current student enrolment questions and advice UConnect
Course Coordinator Dr Clinton Levitt
Major Coordinator - Society and Environment Dr Clinton Levitt
Major Coordinator - Industry, Policy and Business Strategy Dr Clinton Levitt
Due to the ongoing response to COVID-19, online study may replace some or all of your on-campus classes. We'll be sure to keep you informed of any changes.

The Bachelor of Economics at the University of Tasmania builds individual capacity for economic thought, and the ability to apply this mindset to solving problems faced by industry, government and the society at local, national and global levels.  Our graduates will have the ability to synthesise information and build empirically-valid models to support economic decision making. They will acquire skills to frame problems through an economics lens, to critically analyse data of relevance, and to generate knowledge and innovative evidence-based recommendations to support policy and practice.

Our curriculum is research-led, with a strong connection to the issues impacting on regional areas such as Tasmania.  Throughout the curriculum, we draw heavily on the expertise of our disciplinary scholars to explore areas as diverse as conservation and management of natural resources (such as forests, fisheries and water resources), sustainable energy, social issues (such as housing, health and gambling), economic decisions of individuals and firms and their labour market implications, through to the effects of shocks and contagion on economies. Many of these issues are rooted in human behaviour, and our emerging expertise in behavioural economics allows us to bring psychological insights into understanding such behaviours, equipping our students with fundamental knowledge of the micro foundations underpinning macro phenomena.  Our teaching is applied in focus, with a range of authentic learning activities linked to real-world economic situations.  We provide a curriculum that nurtures economic ways of thinking and provides a context in which economic ideas are critically examined rather than taken at face value.

The core of the Bachelor of Economics exposes students to foundation principles in economic theory to provide disciplinary depth, while the majors allow students to specialise in the economics of industry and policy or the economics of social and environmental issues.  The course also serves as a useful double-degree with many other courses across the University, such as Arts, Science or Law.

  1. Collect, analyse and interpret data combined with the application of a broad theoretical and practical knowledge of economics to make evidence-based decisions
  2. Communicate economic reasoning, knowledge, ideas and empirical evidence in ways appropriate to the audience, purpose and context.
  3. Critically evaluate economic problems and assess policy issues, using a broad range of economic tools.
  4. Collaboratively interact with peers to reflect on ethical issues and the potential differential impacts of economic policies across local, national or international economies.

Career outcomes

A Bachelor of Economics is a degree which will enable you to make a difference with your career and prepare you for the future of work. Economics graduates work in a broad range of occupations and industries, often beyond the discipline of economics itself, and are highly sought after by employers who value their economic literacy and analytical skills.

Our Bachelor of Economics gives you both job-specific and transferrable skills. You’ll gain job-specific skills in your major area of study, so you’re ready to enter the workforce in a wide variety of careers where you want to make a difference including: International Development, Health, Environment, Business, Banking, Finance, Public Policy, Inter-Governmental Affairs, and Diplomacy.

Transferrable skills set you up for long-term success. We provide you with a detailed understanding of how decisions are made by individuals, firms, and governments through analysis of a broad range of micro- and macro-economic settings and teach you analytical thinking and evidence-based decision making, so you can adapt as the job market evolves.

Here are some of the careers projected to grow into 2024:

  • Management and Organisation Analysts: 24.7%
  • Policy and Planning Managers: 10.8%
  • Research and Development Managers: 10%
  • Business Administration Managers: 12.1%

Source - Department of Employment, Skills, Small and Family Business five Year projections from May 2019 to May 2024.

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.

Course structure

To graduate from the Bachelor of Economics, you must satisfactorily complete 300 credit points of study comprising:

  • A minimum of 100 credit points of core units from the list in the Schedule;
  • At least one approved 100 credit point major from the list in the Schedule; and
  • An additional 100 credit points of study.

These units are compulsory for all students in the Bachelor of Economics. 

We recommend enrolling in the introductory level units as early as possible in your studies so that you have completed these units before attempting intermediate or advanced level units.

Introductory (100) level 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

This unit is currently unavailable.

BEA121 Principles of Economics 2expands upon the key microeconomic and macroecnomic concepts introduced in BEA111 Principles of Economics 1. The unit focusses on strategies firms use to maximise profit and the policies governments use to promote economic growth and manage…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

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

Traditional economics portrays decision making as rational deliberation that computes optimal choices based on well-defined objectives and perfect information. In reality, limited information and cognition as well as certain features of the human psychology often result in decisions that deviate…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

 

Intermediate (200) level 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

This unit is currently unavailable.

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

This unit is currently unavailable.

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

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

You may choose from either of the Bachelor of Economics majors listed below. 

We recommend enrolling in the introductory level units as early as possible in your studies so that you have completed these units before attempting intermediate level units. 

Similarly, you will usually take the intermediate level units in your major before attempting the advanced level units.

Are you interested in finding economic solutions to make a positive impact on society and the environment? This major teaches you about contemporary economics with an applied focus on social and public policy. You will learn about issues facing the world today, including environmental management and resource economics, the economics of social issues including crime and education, regional development, and other issues in public policy. Graduates gain a set of skills and experiences valued by businesses, consulting firms, government, and non-government agencies. 

Introductory (100) level units:

Economics of Social Issues applies economic principles to study contemporary social issues, including: the distribution of wealth and income, poverty and inequality, gender differences, altruism, crime and corruption, gambling, and housing. These social issues are analysed by looking at the…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

This unit introduces students to the idea of ecosystem services by exploring the benefits that nature provides for people. Whether these benefits are traded in markets or occur in non-market settings, the ecosystem service framework is key to sustainable management…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

 
Intermediate (200) level units:

Behavioural economics draws on insights and methods from psychology to better understand economic and business decisions. It takes economics beyond the traditional assumption of instrumental rationality, developing theories that more accurately explain and predict economic behaviour. Economic experiments are the…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

Practical, public policy-orientated lectures and tutorials in this unit explore the practical issues of resource management using international, Australian and Tasmanian case studies. There will be specific focus on the sustainable yield of fisheries and the management of forests for…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

 
Advanced (300) level units:

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.

Economics of Health and Wellbeing applies economic concepts to the study of healthcare and wellbeing from a variety of different perspectives. Students will apply economic principles to study health issues from the perspective of individuals, businesses, healthcare organisations and the…

Credit Points: 12.5

This unit is currently unavailable.

This unit presents the economics of place and the economic value of place making. It explores how people choose the places where they want to live; considering whether the choice of where to live comes first and after the search…

Credit Points: 12.5

This unit is currently unavailable.

This unit examines a range of contemporary economic issues shaping the development of regional and rural areas. Students will apply economics principles to study regional growth, urbanisation, international trade, migration and development policy. Students will study the complex tradeoffs between…

Credit Points: 12.5

This unit is currently unavailable.

Understand contemporary economics and develop the analytical and problem-solving skills required to be a successful professional. Students are prepared for success in business and industry including key growth industries in Tasmania and beyond: energy, agriculture, and business strategy. You’ll be equipped with in-demand skills from businesses, Local, State, and Commonwealth government agencies as well as a range of consulting firms and non-government industry organisations.

Introductory (100) level units:

In both our personal and work lives we regularly encounter 'games': that is, situations where our actions affect the others we interact with, and vice versa. Game Theory provides a framework to discuss and analyse these types of strategic interactions.…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

The study of international economics provides students with a balance of both micro and macro view of economics in a global perspective. The emphasis on international trade, investment and monetary related issues provide students the required analytical tools to understand…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

 
Intermediate (200) level units:

Behavioural economics draws on insights and methods from psychology to better understand economic and business decisions. It takes economics beyond the traditional assumption of instrumental rationality, developing theories that more accurately explain and predict economic behaviour. Economic experiments are the…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

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

The aim of this unit is to introduce students to the economic theory of business strategy and its implications for modern markets. The foundation theories of monopoly and perfect competition are reviewed, and their implications for markets are analysed. A…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

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

 
Advanced (300) level units:

In this unit, students are introduced to applying economic principles to agriculture, agribusiness, and related markets. Students will apply economic principles to study issues in food production and food security. Content will include topics in farm management and organisation, the…

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.

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

This unit is currently unavailable.

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

This unit is currently unavailable.

These units will broaden your learning experience and complement your major area of study with other discipline-specific studies. You may choose from any undergraduate units offered by the University that are available as electives (including units offered by the Tasmanian School of Business and Economics). 

You can also use this space to complete an optional 2nd major which may be a 2nd major chosen from the Bachelor of Economics or a major from another course*. 

Please contact U.Connect@utas.edu.au if you need more information or if you want to add a 2nd major to your study plan. 

*Some exclusions apply. Not all majors can be taken by students in different courses.

We want your study experience with us to be as smooth as possible and we know that choosing from lists and lists of electives can sometimes be overwhelming!

The guides and links below are presented to help you navigate all of these options and find the electives that are best for you.

Find the answer to your question - ASK US
 
Other help and guides
 
UConnect
Please don't hesitate to get in touch with our team at UConnect if you need any help.

Entry requirements

We encourage you to apply for the courses you most want to study. If you are not eligible to enter your chosen course right now, the UTAS admissions team will work with you to find the best pathway option.

Enquire online for advice on the application process and the available pathways to study at UTAS.

DOMESTIC APPLICANTS
Domestic applicants who recently completed secondary education

Applicants are ranked by ATAR and offers made based on the number of places available. We anticipate that the lowest ATAR that will receive an offer for this course in 2021 will be 65.

Applicants who have recently completed senior secondary studies but have not received an ATAR may still be eligible for admission. We will consider your subject results on a case-by-case basis when we assess your application.

Domestic applicants with higher education study

To be eligible for an offer, applicants must have:

  • Partially completed an undergraduate course at Diploma level or higher (or equivalent). Applicants must have completed at least two units of study (equivalent to 25 UTAS credit points). If an applicant has failed any units the application may be subject to further review before an offer is made; OR
  • Completed the UTAS University Preparation Program (or an equivalent qualification offered by an Australian University).
Domestic applicants with VET / TAFE study

To be eligible for an offer, applicants must have completed a Certificate IV (or equivalent) in any discipline.

Domestic applicants with work and life experience

Applicants without senior secondary, tertiary or VET / TAFE study can complete a personal competency statement.

Applicants may be eligible for an offer if they have relevant work and / or life experiences which demonstrate a capacity to succeed in this course.

SPECIAL CONSIDERATION

If your ability to access or participate in education has been affected by circumstances beyond your control, you can apply for special consideration as part of your application. We will consider a range of factors for special consideration, including economic hardship, a serious medical condition or disability.

We can only approve applications for special consideration where we are confident that you have the necessary skills and knowledge to succeed in your studies. If your application is not approved, the UTAS admissions team will work with you to find the best alternative pathway to your chosen course. Special consideration is not available for international applicants.

INTERNATIONAL APPLICANTS

Admissions and application information for international applicants, including English language requirements, is available from the International Future Students site. You can also enquire online to check your eligibility.

Detailed admissions information and advice for all undergraduate courses, including comprehensive, course-level student profiles, is available from UTAS Admissions.

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.

Detailed tuition fee information for domestic students is available at the Domestic Student Fees website, including additional information in relation to a compulsory Student Services and Amenities Fee (SSAF).

International students

2021 Total Course Fee (international students): $96,138 AUD*.

Course cost based on a rate of $30,950 AUD per standard, full-time year of study (100 credit points).

* Please note that this is an indicative fee only.

International students

International students are charged the Student Services and Amenities Fee but this fee is incorporated in the annual rate. International students do not have to make any additional SSAF payments.

Scholarships

For information on general scholarships available at the University of Tasmania, please visit the scholarships website.

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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