Faculty of Commerce & Economics

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Bachelor of Economics (BEc)

Course code: C3E
This on-campus, 3-year full-time or 6-year part-time course is offered at Hobart.

Admission requirements & prerequisites
Possession of the University's basic admission requirements. In addition, applicants must have passed TCE MT730 Mathematics Applied or a higher level Mathematics subject.

Candidates should note, however, that admission to the Faculty is subject to quota selection. Selection will be based on a score calculated on an applicant's five best TCE subjects - three of which must be taken in Year 12 - chosen from the list of subjects approved by the University for admission purposes. The mathematics subject referred to above does not have to be one of the five counted for the purposes of the calculation of the TE score.

Course objectives
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.

Course structure
The Bachelor of Economics is described in terms of 12.5% or 4.5 points for each unit.

To complete the Bachelor of Economics, units to a value of 300% (108 points) must be passed, including a maximum of 125% (45 pts) from 100-level units, a maximum of 100% (36 pts) from 200-level units, and a minimum of 75% (27 pts) from 300-level units.

In the Schedule which follows, Groups 1, 2 and 3 mean Year 1, Year 2 and Year 3 units respectively, from units offered by the Faculty of Commerce & Economics and Groups 1A, 2A and 3A refer to 1st, 2nd and 3rd year units offered by departments in other Faculties.

It will be noted that it is possible to count a number of 'A' units from other departments, for example: Administration, Computing, Languages, Mathematics, Political Science, Psychology, etc.

In first year, 37.5% (13.5 pts) must be taken from the following compulsory units:
* BEA100 Principles of Economics 1
* BEA120 Principles of Economics 2
* BEA140 Quantitative Methods 1

In the second year, 37.5% (13.5 pts) must be taken from the following compulsory units:
* BEA200 Intermediate Microeconomics
* BEA220 Intermediate Macroeconomics
* BEA242 Introduction to Econometrics, or
* BEA241 Business Research Methods

plus not less than 12.5% (4.5 pts) selected from the second and third year options listed below:

In the third year, 50% (18 pts) must be selected from the following list of second and third year options:
* BEA240 Quantitative Methods 2
* BMA251 Principles of Marketing
* BEA210 Australian Political Economy
* BEA320 Macroeconomic Theory and Policy
* BEA303 International Economics
* BEA305 Economics of Industrial Policy
* BEA306 Labour Economics
* BMA354 Advanced Market Research
* BEA342 Econometrics
* BEA304 Financial Economics
* BEA301 Resource Economics
* BMA302 Strategic Management
* BEA300 Microeconomic Theory and Policy
* BEA302 Economics, Management & Organisation
* BEA321 Money, Banking & Financial Institutions
Details of the units offered are outlined in Schedule A and illustrated by the accompanying sample of BEc degree options. Students should also refer to the BEc degree rules which are printed in full in the Rules Handbook.

Combined degree with Law
Students enrolled for the BEc may, starting in Year 2, combine studies with the Bachelor of Laws (LLB) degree, in a course taking five years full time. Quotas apply.

The BEc-LLB provides a strong basis for a subsequent career in business or public administration, where there is a need for an understanding of the relationships between economic decisions and legal constraints and requirements.

The subject Introduction to Law is compulsory in first year for those intending to transfer to the combined degrees. There is also a quota on enrolments in BLA101 Introduction to Law.

(See Faculty of Law section of this Handbook for further information).

Combined degrees with Computing or Arts
Five-year combined degree programs are available based on the Bachelor of Economics and the Bachelor of Computing/Bachelor of Arts. Please refer to the combined degrees section further on in this faculty entry.

Honours degree
The honours degree requires one year of full-time study in addition to the requirements for the BEc pass degree. Please see Bachelor of Economics with Honours in the section on Bachelors degrees with Honours, further on in this Faculty entry.

Articulation with other courses
Students who have completed the Associate Diploma of Business from a Tasmanian TAFE College, and have been admitted to the course, will receive credit for up to eight units towards the degree. The status of individual units is determined at the time of offer.

Faculty also offers direct credit for its awards. For example, a BCom student wishing to transfer to the BEc with credit and vice versa.

Applicants wishing to obtain credit for study already undertaken at another Australian or overseas tertiary institution should consult the Admission Guide and the Student Information Handbook for information on procedure.

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© University of Tasmania, 1996.
Details shown above were correct at the time of publication. While every effort is made to keep this information up to date, the University reserves the right to discontinue or vary courses at any time without notice.