Economics
Through the Economics specialisation, students build a strong understanding of the economic analysis of business decision-making and the economic environment in which businesses operate. The specialisation covers core microeconomic principles with applications to business behaviour, and the analysis of theories explaining trends in critical macroeconomic variables including long-run economic growth, inflation and the exchange rate. The specialisation builds on these fundamental economic insights to give students a deep understanding of strategic business behaviour, of financial and foreign exchange markets, and of how government policy can influence and constrain business decision-making.
Requirements for an Economics specialisation
To achieve a specialisation in Economics within the Master of Commerce and Master of Commerce (Extension), students must complete:
- 6 credit points of foundational units of study in the same area as the specialisation; and
- 24 credit points of Economics specialisation are units of study comprising:
- 6 credit points of Economics core units of study; and
- 18 credit points of Economics selective units of study.
Students completing this specialisation to meet the requirements for the Master of Commerce or as their compulsory specialisation for the Master of Commerce (Extension) would complete a 6 credit point capstone unit from Capstone units of study for their degree in the same subject area as their specialisation.
Students completing this specialisation as their optional second specialisation for the Master of Commerce (Extension) are not required to complete the capstone unit of study for their secondary specialisation.
Learning outcomes
| Learning Outcomes – Economics specialisation |
|---|
| 1. Apply advanced concepts and analytical tools used in business economics. |
| 2. Apply economic skills and knowledge to identify solutions to challenging business problems. |
| 3. Work both independently and collaboratively to develop and articulate an argument based on high level economic reasoning. |
| 4. Communicate high level economic reasoning effectively to diverse audiences including those in a business setting. |
| 5. Apply ethical perspectives to research, critical thinking, and the analysis of complex economic problems. |
| 6. Critically evaluate the value judgments and their implications underpinning economic models used to analyse real world business problems. |
| 7. Effectively collaborate with others from diverse cultural backgrounds to address high level interdisciplinary problems. |
Further information
For further information regarding study in Economics in the Commerce coursework programs, please contact the School of Economics.
