Economics

Explore how people and societies make decisions, use important resources, and respond to incentives. Learn the skills for an exciting career.

Explore our courses

Bachelor of Economics

Real world applications

Learn to address the world’s major economic and financial challenges.

Close industry connections

Access contemporary teaching through our close industry connections.

Hands-on learning

Engage in hands-on learning with business placement and case studies.

Our applied Economics course focuses on current issues in Tasmania and beyond

Your studies will explore a range of topics such as international trade, conservation and management of natural resources, sustainable energy, contemporary business strategy as well as social issues such as crime, housing, and health. You’ll also develop a deep understanding of how decisions are made by individuals, firms, and governments.

In addition, you will select one of two majors to specialise your studies: Industry, Policy and Business Strategy, or Society and Environment. The remainder of the course consists of elective units where you can choose to study more economics subjects, or expand your knowledge across any discipline of the University. You can even pick up a second major to provide complementary skills.

Study options in this degree

A major is an area of focus in your degree. During your studies, you’ll choose an area that interests you, and then study a group of units related to that area. Find out more at What is a Major?

In addition to our economics majors below, you may also wish to look at our Business study options.

Understand contemporary economics and develop the analytical and problem-solving skills required to be successful. You’ll be able to work in growth industries like energy, agriculture, and business strategy. We’ll also equip you with the skills desired by businesses and government, as well as a range of consulting firms and non-government organisations.

In this major, you'll study international economics, which helps you understand both micro and macroeconomic ideas worldwide, focusing on trade, investment, and money matters. You'll learn to analyse how global trade and monetary policies affect local and global economies, understanding why development is uneven and why efficiency and fairness don't always go hand in hand. In behavioural economics, which blends psychology with economics, you'll go beyond traditional economic thinking, using experiments to understand how individuals and groups make decisions. This hands-on approach lets you design and carry out economic experiments, which you can then use to evaluate business strategies and public policies

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'll learn about the 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.

In this major, you'll explore modern social problems like wealth inequality, poverty, gender gaps, crime, gambling, and housing. We'll examine these issues by considering how markets and government actions affect them, aiming for fairness and effectiveness. You'll learn how economic methods help us understand these issues and shape government decisions. Plus, you'll discover the importance of nature's benefits, known as ecosystem services, and how they're crucial for sustainable resource management. Through real-life case studies from around the world, Australia, and Tasmania, you'll delve into challenges like keeping fisheries sustainable, managing forests, and dealing with mining's effects.

Add sustainability to your degree

As part of our commitment to sustainability, we have created a complementary, optional major available across most of our flexible bachelor's degrees.

In the major, explore interdisciplinary knowledge and skills that underpin the development of sustainable societies and solutions. Informed by international and local research, practice, and theory, this major allows you to develop specialist expertise across the physical and social sciences and humanities, emphasising student-led and problem-based learning.

It provides the frameworks for developing sustainability-oriented solutions in a range of fields and is relevant to a wide range of careers.

Further study options

For honours course information, please visit the Bachelor of Economics with Honours.

The Masters of Research qualifies individuals who apply an advanced body of knowledge in a range of contexts for research and scholarships and as a pathway for further research. For course information please visit the Master of Economics.

The Graduate Certificate in Behavioural Insights utilises concepts taught within the Bachelor of Economics with insights from psychology and behavioural sciences. Studying the Graduate Certificate in Behavioural Insights provides you with an industry-leading understanding of why people think and act in certain way and will prepare you to make game-changing decisions that result in better outcomes for individuals, business, and society. For course information please visit the Graduate Certificate in Behavioural Insights.

Find out more about what you'll study, entry requirements, fees and scholarships - and to apply.

Visit the course page

Career opportunities

Economics graduates work in a broad range of occupations and industries, often beyond the discipline of economics itself. They are highly sought after by employers who value their economic literacy and analytical skills.

Your studies will prepare you for employment with a detailed understanding of how decisions are made by individuals, firms, and governments through analysis of a broad range of economic settings. You’ll also develop skills in analytical thinking and evidence-based decision making, so you can evolve with the job market.

Here are some of the careers projected to grow into 2026 along with predicted demand over the next 5 years.

8.7%

Intelligence and
Policy Analysts

Labour Market Insights five year projections from November 2021 to November 2026

23.8%

Research and
Development Managers

Labour Market Insights five year projections from November 2021 to November 2026

11.7%

Monetary and
Banking Managers

Labour Market Insights five year projections from November 2021 to November 2026

Study experience

Numbers, nature and lifestyle

Economics student Neil divides his time between study and enjoying Tasmania’s amazing lifestyle.

“I would say ‘just to do it!’ UTAS degrees are recognised throughout the world so it will allow students to be mobile. Studying at UTAS was one of the best decisions I have ever taken in my life.”

- Prithviraj (Neil) Banerjee, Bachelor of Economics

Neil's story