C10348v2 Bachelor of Economics
Award(s): Bachelor of Economics (BEcon)UAC code: 601090 (Autumn session, Spring session)
CRICOS code: 086359B
Commonwealth supported place?: Yes
Load credit points: 144
Course EFTSL: 3
Location: City campus
Overview
Course aims
Career options
Innovation and Transdisciplinary program
Course intended learning outcomes
Admission requirements
Inherent requirements
Assumed knowledge
External articulation
Recognition of prior learning
Course duration and attendance
Course structure
Course completion requirements
Course diagram
Course program
Levels of award
Honours
Other information
Overview
This course is designed for those seeking to master economic principles and apply them to real-world scenarios. Choose this program to obtain a robust understanding of how economic policies affect society, businesses and individuals. Its distinctiveness lies in a curriculum that blends traditional economic theories with contemporary approaches and issues such as behavioural economics and environmental problems.
Students acquire analytical and quantitative skills, a grasp of micro and macroeconomics, econometrics and game theory. They can also choose areas of additional specialisation including economic inequality, labour markets, public economics and central banking. The teaching approach is interactive, focusing on the application of economic analysis to policy and business issues, culminating in a capstone subject that brings together major ideas from the program and uses them to address a practical policy challenge.
Course aims
The course promotes an understanding of how institutional rules and incentives shape economic outcomes. It seeks to provide students with the knowledge, competencies and values necessary to develop critical, analytical and evaluative skills that can contribute towards a range of careers in economics and business.
Career options
The Bachelor of Economics allows for a large spectrum of career options and employment opportunities in such roles as economist, economic analyst, econometrician, business consultant, data analyst, market analyst, policy analyst and researcher in various industries including banking, consulting, finance, insurance, public sector, resources sector, health, education, and others.
Innovation and Transdisciplinary program
Transdisciplinarity and Innovation at UTSAll UTS students have the opportunity to develop distinctive capabilities around transdisciplinary thinking and innovation through the TD School. Transdisciplinary education at UTS brings together great minds from different disciplines to explore ideas that improve the way we live and work in the world. These offerings are unique to UTS and directly translate to many existing and emerging roles and careers.
Diploma in InnovationThe Diploma in Innovation (C20060) teaches innovation, supports personal transformation and provides the hard skills needed to support the inventors and inventions of the future. Students come out of the Diploma in Innovation, with the hard skills to create and support sectoral and societal transformation. Graduates are able to fluently integrate ideas, across professional disciplines and are inventors of the future.
All UTS undergraduate students (with the exception of students concurrently enrolled in the Bachelor of Creative Intelligence and Innovation) can apply for the Diploma in Innovation upon admission in their chosen undergraduate degree. It is a complete degree program that runs in parallel to any undergraduate degree. The course is offered on a three-year, part-time basis, with subjects running in 3-week long intensive blocks in July, December and February sessions. More information including a link to apply is available at https://dipinn.uts.edu.au.
Transdisciplinary electives programTransdisciplinary electives broaden students' horizons and supercharge their problem-solving skills, helping them to learn outside, beyond and across their degrees. Students enrolled in an undergraduate course that includes electives can choose to take a transdisciplinary subject (with the exception of students concurrently enrolled in the Bachelor of Creative Intelligence and Innovation). More information about the TD Electives program is available here.
Course intended learning outcomes
| 1.1 | Critically analyse economic problems in Australian and global society using and justifying appropriate economic concepts and frameworks |
| 2.1 | Communicate information clearly in a form appropriate for its audience |
| 2.2 | Demonstrate ability to work independently and with others as a member of a team to achieve an agreed goal |
| 3.1 | Analyse and discuss the intended and unintended effects of economic decisions on social welfare, equity, and the environment |
| 4.1 | Combine economic analysis, data and econometric techniques to address typical complex problems faced by economists in diverse work environments |
| 5.1 | Critically reflect on the intersection between Indigenous Australians' experience, and sustainable economic policy and apply to decision making to work with and for Indigenous peoples and communities |
Admission requirements
Applicants must have completed an Australian Year 12 qualification, Australian Qualifications Framework Diploma, or equivalent Australian or overseas qualification at the required level.
The English proficiency requirement for international students or local applicants with international qualifications is: IELTS Academic: 6.5 overall with a writing score of 6.0; or TOEFL iBT: 79-93 overall with a writing score of 21; or AE5: Pass; or PTE: 58-64 with a writing score of 50; or C1A/C2P: 176-184 with a writing score of 169.
Eligibility for admission does not guarantee offer of a place.
International students
Visa requirement: To obtain a student visa to study in Australia, international students must enrol full time and on campus. Australian student visa regulations also require international students studying on student visas to complete the course within the standard full-time duration. Students can extend their courses only in exceptional circumstances.
Inherent requirements
Inherent requirements are academic and non-academic requirements that are essential to the successful completion of a course. For more information about inherent requirements and where prospective and current students can get assistance and advice regarding these, see the UTS Inherent requirements page.
Prospective and current students should carefully read the Inherent Requirements Statement below and consider whether they might experience challenges in successfully completing this course.
UTS will make reasonable adjustments to teaching and learning, assessment, professional experiences, course related work experience and other course activities to facilitate maximum participation by students with disabilities, carer responsibilities, and religious or cultural obligations in their courses.
For course specific information see the UTS Business School Inherent Requirements Statement.
Assumed knowledge
Mathematics Advanced and any two units of English.
UTS offers a range of bridging courses for students who do not meet the assumed knowledge requirements.
External articulation
The Business School offers a range of external articulations with Vocational Education and Training and Higher Education institutions. Details of all arrangements are available via the credit recognition search tool.
Recognition of prior learning
Students who are enrolled in the Bachelor of Economics and have previously studied at another university or other recognised tertiary educational institution may be eligible for recognition of prior learning if the subjects previously studied are deemed by The UTS Business School to be equivalent to those specified for their course.
Students who have completed a course at a private college are not eligible for any exemptions unless an articulation agreement between the UTS Business School and the college is in place. Details of all arrangements are available via the credit recognition search tool.
For more information about the application process, see How to Apply for Recognition of Prior Learning.
Course duration and attendance
The course can be completed in a minimum of three years of full-time or six years of part-time study. The attendance pattern may also be a combination of full-time and part-time study.
Full-time study is usually undertaken at the rate of 24 credit points per session. Students who wish to undertake more than the normal full-time load in one session must have their study plan endorsed by the UTS Business School.
Part-time study is usually undertaken at the rate of 12 credit points per session. Part-time students must be prepared to attend one morning or afternoon class during each teaching week.
Course structure
The course comprises a total of 144 credit points. The study components for course completion are:
- 66 credit points of economics core subjects
- 18 credit points of economics elective subjects
- 12 credit points of elective subjects
- 48 credit points comprising of either:
- a second major (48 credit points), or
- two sub-majors (24 credit points each), or
- a sub-major (24 credit points) in conjunction with elective subjects (24 credit points)
Students can choose any of the following as a second major: Business Data Analytics, Finance, Human Resource Management, Management, Marketing, Business Law or Information Technology.
Electives can be taken from any faculty in the university, with the approval of the owning Faculty. For more information on business electives, please see the Business Electives page.
Students have an option to undertake an internship program (26600 Business Internship) as an elective within the business major or as a free elective. Students should not enrol in internship subject in the last session of study to ensure that completion of required hours of work does not impact graduation and/or international students' visa conditions.
Course completion requirements
| STM91017 Core subjects (Economics) | 66cp | |
| STM91018 Major/Sub-majors/Electives | 60cp | |
| CBK91076 Electives (Economics) | 18cp | |
| Total | 144cp |
Course diagram
Course program
Typical full-time programs for the core subjects are shown below for students commencing in Autumn and Spring sessions.
| Autumn commencing, full time | ||
| Year 1 | ||
| Autumn session | ||
| 23115 Economics for Business | 6cp | |
| 26134 Responsible Evidence-Based Decisions | 6cp | |
| 23506 Strategic Decision Making and Game Theory | 6cp | |
| Select 6 credit points of options | 6cp | |
| Spring session | ||
| 23566 Economics for Business 2 | 6cp | |
| 23508 Quantitative Methods in Economics and Business | 6cp | |
| 23571 Introductory Econometrics | 6cp | |
| Select 6 credit points of options | 6cp | |
| Year 2 | ||
| Autumn session | ||
| 23568 Intermediate Macroeconomics | 6cp | |
| 23567 Intermediate Microeconomics | 6cp | |
| Select 12 credit points of options | 12cp | |
| Spring session | ||
| 23005 Behavioural Economics | 6cp | |
| Select 18 credit points of options | 18cp | |
| Year 3 | ||
| Autumn session | ||
| 23509 Empirical Methods for Policy Evaluation | 6cp | |
| Select 18 credit points of options | 18cp | |
| Spring session | ||
| 23600 Economic Policy and Analysis (Capstone) | 6cp | |
| Select 18 credit points of options | 18cp | |
| Spring commencing, full time | ||
| Year 1 | ||
| Spring session | ||
| 23115 Economics for Business | 6cp | |
| 26134 Responsible Evidence-Based Decisions | 6cp | |
| 23508 Quantitative Methods in Economics and Business | 6cp | |
| Select 6 credit points of options | 6cp | |
| Year 2 | ||
| Autumn session | ||
| 23566 Economics for Business 2 | 6cp | |
| 23506 Strategic Decision Making and Game Theory | 6cp | |
| 23571 Introductory Econometrics | 6cp | |
| Select 6 credit points of options | 6cp | |
| Spring session | ||
| 23568 Intermediate Macroeconomics | 6cp | |
| 23567 Intermediate Microeconomics | 6cp | |
| Select 12 credit points of options | 12cp | |
| Year 3 | ||
| Autumn session | ||
| 23509 Empirical Methods for Policy Evaluation | 6cp | |
| Select 18 credit points of options | 18cp | |
| Spring session | ||
| Select 18 credit points of options | 18cp | |
| 23005 Behavioural Economics | 6cp | |
| Year 4 | ||
| Autumn session | ||
| 23600 Economic Policy and Analysis (Capstone) | 6cp | |
| Select 18 credit points of options | 18cp | |
Levels of award
The Bachelor of Economics may be awarded with distinction, credit or pass.
Honours
The Bachelor of Business (Honours) (C09004), Economics stream, is available with an additional one year of full-time study for eligible students.
Other information
Further information is available from the UTS Student Centre on:
telephone 1300 ask UTS (1300 275 887)
or +61 2 9514 1222
Ask UTS
UTS Business School