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Bachelor of Economics explained

Answers to all your frequently asked questions
Wondering what the difference is between Commerce and Economics? Like to know more about Econometrics? Or if the BEc leads to accreditation? Well, look no further: we've got you covered with this handy FAQ.

Studying a Bachelor of Economics (BEc) means learning the fundamental principles of economics, as well as how to critique them. The level of analytical thinking encouraged within the degree will help you interpret the world on a deeper level.

We're ranked top five in the Australia for Economics* and our grads include a former Prime Minister, several premiers, and leaders in the World and Reserve Banks. 

Studying with us means studying one of Australia’s leading economics degrees from world-renowned experts and researchers. We can't wait to see you.

What's the difference between Commerce and Economics?

In Commerce you'll learn to understand how businesses operate and the factors that influence their decisions.

Economics is wider in scope: you'll study the behaviour of businesses and industries, governments and countries, and the globe as a whole.

And... what is Econometrics?

Econometrics is the deep analysis of complex data. It allows for economic predictions and informs policymaking.

In Econometrics you'll develop mathematical and statistical techniques to analyse social, financial, business and economic data, i.e. you'll learn to make sense of big data.

How many majors can I fit in a Bachelor of Economics and where can I choose from?

You'll complete a program in Economics which includes a major from the list below, and a second major or a minor from the shared pool.

(Btw: If you do a Bachelor of Economics and Bachelor of Advanced Studies, you have to take a second major).

What's the difference between a major and a minor? Check out this handy page.

Does a Bachelor of Economics lead to an accreditation?

Yes, but you need to major in Accounting.

By completing a major in Accounting, and a sequence of units including accounting, commercial law and finance, you may be eligible for professional accreditation with Certified Practising Accountant (CPA) Australia, and Chartered Accountants Australia and New Zealand (CAANZ)

Depending on the units you choose, professional recognition is also available from the Australian Human Resources Institute.

What sort of jobs will I be qualified for if I complete a Bachelor of Economics?

One of the big advantages of being a Bachelor of Economics grad is the ability to work across both the private and public sectors.

You'll gain the skills to develop economic and social policy, to work in business, banking, financial markets and consulting.

This means a broad range of careers and roles, including: accountant, banker, business consultant, business information systems analyst, economic analyst, economist, financial manager, human resource manager, industrial relations specialist, researcher and social policy adviser.

What can I study?

Undergraduate degrees

Majors and minors

Below is a list of our economics majors and minors. These are available to all students studying the Bachelor of Economics, Bachelor of Arts and Bachelor of Visual Arts, as well as all combined Bachelor of Advanced Studies degrees.

What's the difference between a major and a minor? Check out this handy page.

Environment, Agricultural and Resource Economics

Econometrics

Economic Policy*

*Not available to Bachelor of Economics students

Economics

Financial Economics

We offer three postgraduate master’s degrees. If you don’t have a background in economics or you’re a new economics graduate, our Master of Economics will provide you with the skills to apply economic methods and knowledge to practical, contemporary problems in business and government.

The dual degree, Master of Economics (with Fudan University), will allow you to graduate with two master’s degrees from two prestigious international universities. Designed for students who wish to engage in international business partnerships with China and take advantage of growing business opportunities in the region, this dual degree equips you with advanced analytical and quantitative skills in economics.

If you have a strong background in economics and are looking to receive advanced training or a pathway to higher degree study, you may like to consider our Master of Economic Analysis.

In addition, we have the following graduate diplomas and graduate certificates on offer.


*2020 QS World University Rankings for Economics & Econometrics
BANNER IMAGE: Photo by Joshua Rawson-Harris on Unsplash

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