C3E Bachelor of Economics as at 14th May, 2002
Bachelor of Economics
Abbreviation: BEc
Course code: C3E
Course contact (faculty or school) (03) 6226 2308/2160
Introductory comments
This on-campus, 3-year full-time or 6-year part-time course is offered at Hobart. The first
year of the degree is offered at Launceston. Students must transfer to the Hobart campus
to complete the degree.
Admission & prerequisites
In addition to meeting the University’s basic admission requirements, 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% units.
To complete the Bachelor of Economics, units to a value of 300% must be passed, including
a maximum of 125% from 100-level units, a maximum of 100% from 200-level units, and a
minimum of 75% from 300-level units. 150% must be BEA– units from the School of
Economics.
In the Schedule which follows, Groups 1, 2 and 3 mean Year 1, Year 2 and Year 3 units
from units offered by the Faculty of Commerce and Groups 1A, 2A and 3A refer to 1st,
2nd and 3rd year units offered by departments in other Faculties.
It is possible to count a number of units from other departments, for example:
Administration, Information Systems, Languages, Mathematics, Government, Psychology,
etc. (See ‘Outline of course’ below.)
Articulation
Students who have completed the Associate Diploma of Business or an Advanced
Diploma in a business discipline from a Tasmanian Institute of TAFE, 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 with another
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University of Tasmania course details
July 2, 2016, 01:42 AM, page –1
C3E Bachelor of Economics as at 14th May, 2002
faculty, or an Australian or overseas tertiary institution should consult the Admission Guide
and the Student Information Handbook for information on procedure.
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 LAW101 Introduction to Law is compulsory in first year for those intending to
transfer to the combined degrees. The first year unit of law is offered also in Launceston.
Students must transfer to Hobart to complete the degree.
(See School of Law section, p B-xx, for further information).
Combined degrees with Arts
A four-year combined degree program is available based on the Bachelor of Arts and the
Bachelor of Economics. Please refer to the combined degrees section further on in this faculty
entry.
Combined degrees with Computing
(Subject to Council approval)
A four-year combined degree program is available based on the Bachelor of Computing
and Bachelor of Economics.
Combined degrees with Science
(Subject to Council approval)
A four-year combined degree program is available based on the Bachelor of Economics
and Bachelor of Science.
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 on page B-xx.
Common first year units
campus-sem
Unit title
weight
code
In first year, 37.5% must be taken from the following compulsory units:
BEA110
Economics for
H1~L1~B1
12.5%
Business
BEA130
Foundations of
H2~L2~B2
12.5%
Economic Policy
BEA140
Quantitative
12.5%
H3/2~L2~B2v
Methods 1
In the second year, 37.5% must be taken from the following compulsory units:
BEA200
Intermediate
H1
12.5%
Microeconomics
BEA220
Intermediate
H2
12.5%
Macroeconomics
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C3E Bachelor of Economics as at 14th May, 2002
BEA242 or BEA241
Introduction to
Econometrics
Research Methods
for Finance
H1
12.5%
BEA242
H3/2
12.5%
BEA241
plus not less than 12.5% selected from the second and third year options listed below:
In the third year, 50% must be selected from the following list of second and third year
options:
BEA240
Quantitative
H1
12.5%
Methods 2
BEA210
Australian Political H1
12.5%
Economy
BEA235
Thinking
[na]
12.5%
Strategically: The
Competitive Edge
BEA211
The Asia-Pacific
[na]
12.5%
Economies: Tigers
BEA320
Macroeconomic
H2
12.5%
Theory and Policy
BEA303
Australia and the
H2
12.5%
Asia-Pacific
Economies: Trade
Principles and
Policy
BEA305
Industrial
H1
12.5%
Organisation
BEA306
Economics of
[na]
12.5%
Human Resources
BEA342
Econometrics
H2
12.5%
BEA304
Financial
[na]
12.5%
Economics
BEA301
Environmental and [na]
12.5%
Resource
Economics
BEA300
Microeconomic
H1
12.5%
Theory and Policy
BEA302
Economics,
[na]
12.5%
Management and
Organisation
BEA321
Banking and
H2
12.5%
Financial
Institutions
BEA325
Prices and Profits
H2
12.5%
BMA326
Entrepreneurship
H1~L1
12.5%
and Innovation
v=video-link
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C3E Bachelor of Economics as at 14th May, 2002
Details of the units offered are outlined in Schedules A, B and C and illustrated by the
accompanying sample of BEc degree options. Students should also refer to the BEc degree
specifications which are printed in full in the Calendar.
Schedule A
campus-sem
Unit title
Year 1 Group 1
Economics
Economics for
H1~L1~B1
Business
Foundations of
H2~L2~B2
Economic Policy
Quantitative
H3/2~L2~B2v
Methods 1
Accounting & Finance
Accounting and
H3/1~L1~B1~O?
Financial Decision
Making
Accounting Context H3/2~L2~B2~O?
and Method
Commercial
H2~L2~B2
[a]
Transactions
Financial
H3/2~L2~B2~O?
Management [e]
Information Systems
Business
H1/2~L1~B1~O1
Information
Systems
Information
H3/2~L2~B2~O2
Modelling and
Infrastructures
Management
Introduction to
H1/2~L1/2~B1
Management
Management of
H3/2~L2
Human Resources
weight
code
12.5%
BEA110
12.5%
BEA130
12.5%
BEA140
12.5%
BFA103
12.5%
BFA104
12.5%
BFA141
12.5%
BFA181 or BFA281
12.5%
BSA101
12.5%
BSA102
12.5%
BMA101
12.5%
BMA121 or
BMA221
[e]
BMA151 or
Principles of
H3/2~L2~O?
12.5%
[e]
BMA251
Marketing
BMA181 or
Introduction to
H2~L2
12.5%
BMA281
International
[e]
Business
Year 1 Group 1A
Any first-year subjects and/or units offered by other Schools in the University at Hobart.
Interested students should consult other faculty sections for course descriptions, details of
prerequisite requirements and so on.
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July 2, 2016, 01:42 AM, page –4
C3E Bachelor of Economics as at 14th May, 2002
Year 2 Group 2[b]
Economics Hbt or as otherwise advised
Intermediate
H1
Microeconomics
Australian Political H1
Economy [c]
The Asia-Pacific
[na]
Economies: Tigers
Intermediate
H2
Macroeconomics
Thinking
[na]
Strategically: The
Competitive Edge
Quantitative
H1
Methods 2
Research Methods
H3/2
for Finance
Introduction to
H1
Econometrics
Accounting & Finance
Financial
H1~L1~O?
Accounting
Accounting
H3/2~L2~B3 O?
Information
Systems
Corporate
H1~L1~B1~O?
Regulation and
Accountability
Management
H2~L2~O?
Accounting
Investment
H1
Analysis
Management
Organisational
H1~L1
Behaviour
Workplace
H1~L1
Relations
Buyer Behaviour
H2
Marketing Research H2
Marketing
H1~L1
Communications
International
H2~L2nb
Marketing
Year 2 Group 2A
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University of Tasmania course details
12.5%
BEA200
12.5%
BEA210
12.5%
BEA211
12.5%
BEA220
12.5%
BEA235
12.5%
BEA240
12.5%
BEA241
12.5%
BEA242
12.5%
BFA201
12.5%
BFA221
12.5%
BFA241
12.5%
BFA261
12.5%
BEA286
12.5%
BMA201
12.5%
BMA241
12.5%
12.5%
12.5%
BMA252
BMA253
BMA255
12.5%
BMA282 or
BMA382
July 2, 2016, 01:42 AM, page –5
C3E Bachelor of Economics as at 14th May, 2002
Any second-year subjects and/or units offered by other Schools in the University at
Hobart. Interested students should consult other faculty sections for course descriptions,
details of prerequisite requirements and so on.
Year 3 Group 3
Economics
BEA300
Microeconomic
H1
12.5%
Theory and Policy
BEA301
Environmental and [na]
12.5%
Resource
Economics [d]
BEA302
Economics,
[na]
12.5%
Management and
Organisation [d]
BEA303
Australia and the
H2
12.5%
Asia-Pacific
Economies: Trade
Principles and
Policy
BEA304
Financial
[na]
12.5%
Economics
BEA305
Industrial
H1
12.5%
Organisation
BEA306
Economics of
[na]
12.5%
Human Resources
BEA320
Macroeconomic
H2
12.5%
Theory and Policy
BEA321
Banking and
H2
12.5%
Financial
Institutions [d]
BEA325
Prices and Profits
H2
12.5%
BMA326
Entrepreneurship
H1~L1
12.5%
and Innovation
BEA342
Econometrics
H2
12.5%
Accounting & Finance
BFA301
Advanced Financial H3/2~L2~O?
12.5%
Accounting
BFA302
Accounting Theory H2~L2~O?
12.5%
BFA303
Auditing
H1~L1~B1~O?
12.5%
BFA306
Governmental
H?
12.5%
Financial
Management &
Accounting
unit (BFA307) to be advised
BFA347
Financial
H2
12.5%
Regulation
BFA366
Advanced
H?
12.5%
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July 2, 2016, 01:42 AM, page –6
C3E Bachelor of Economics as at 14th May, 2002
Management
Accounting
International
H?
Finance
Financial Risk
[na]
Management
Taxation
H1~L1~B1~O?
Information Systems
Decision Support
H2
Systems
Management
Managerial Social
H2~L2~O2
Responsibility
Strategic
H2~L2
Management
Human Resource
H1~L1
Development
Marketing
H1
Management
Services Marketing H1~L1
Special Topics in
[na]
Management
International
H1~L1
Human Resource
Management
12.5%
BEA384
12.5%
BEA385
12.5%
BFA391
12.5%
BSA304
12.5%
BMA291 or
BMA391
BMA302
12.5%
12.5%
BMA224 or
BMA324
BMA351
12.5%
12.5%
BMA353
BMA371
12.5%
BMA381
12.5%
Further units may be available with approval from the relevant sub-deans. Please contact
the School of Economics for further details.
Year 3 Group 3A
Any third-year subjects and/or units offered by other Schools in the University at Hobart.
Interested students should consult other faculty sections for course descriptions, details of
prerequisite requirements and so on.
[a] Combined BCom-LLB degree students should refer to Calendar for combined degree
rules restrictions
[b] For combined BEc-LLB degree candidates, Group 2 unit weights for both combined
degree and HECS purposes will be 12% instead of 12.5% as listed
in this schedule
[c]
May be approved as a Group 1 unit
[d]
[e]
May be approved as a Group 2 unit
These units are available at both level 100 and level 200 BFA181/281, BMA121/221,
BMA151/251, BMA181/281, etc
nb=see Unit details ‘Special notes’ v=video-link
Note: all units offered by the Faculty are valued at 12.5%. Single semester units of
comparable rigour taken in other faculties will be weighted at 12.5% and full-year units
at 25% for the purposes of the BEc.
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University of Tasmania course details
July 2, 2016, 01:42 AM, page –7
C3E Bachelor of Economics as at 14th May, 2002
Sample degree options
It is possible to complete a BEc degree by undertaking a general program of studies,
combining, say, economics with other disciplines such as accounting, social science or
humanities. It is also possible to complete a BEc by undertaking one of the following
majors. Students should ensure that they take, in addition to the prescribed units below,
sufficient elective units to fulfil the requirements of the degree. See rules of the degree.
Students who wish to undertake more than one major from the School of Economics will
be required to present alternative units as directed by the School Student Adviser.
The structure of the following Economics majors was under review at the time of printing.
Intending students should contact the School of Economics for enrolment and completion
guidance.
The compulsory units required for each major are as follows:
Analytical Economics Major
Unit title
Year 1
Economics for
Business
Foundations of
Economic Policy
Quantitative
Methods 1
Year 2
Intermediate
Microeconomics
Intermediate
Macroeconomics
Introduction to
Econometrics
Quantitative
Methods 2
Year 3
Microeconomic
Theory and Policy
Macroeconomic
Theory and Policy
campus-sem
weight
code
H1~L1~B1
12.5%
BEA110
H2~L2~B2
12.5%
BEA130
H3/2~L2~B2v
12.5%
BEA140
H1
12.5%
BEA200
H2
12.5%
BEA220
H1
12.5%
BEA242
H1
12.5%
BEA240
H1
12.5%
BEA300
H2
12.5%
BEA320
12.5%
BEA303
12.5%
BEA304
Either BEA303 or BEA304
Australia and the
H2
Asia-Pacific
Economies: Trade
Principles and
Policy
Financial
[na]
Economics
v=video-link
Australian Economy and the Asia Pacific
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July 2, 2016, 01:42 AM, page –8
C3E Bachelor of Economics as at 14th May, 2002
Unit title
Year 1
Economics for
Business
Foundations of
Economic Policy
Quantitative
Methods 1
Year 2
Intermediate
Microeconomics
Intermediate
Macroeconomics
campus-sem
weight
code
H1~L1~B1
12.5%
BEA110
H2~L2~B2
12.5%
BEA130
H3/2~L2~B2v
12.5%
BEA140
H1
12.5%
BEA200
H2
12.5%
BEA220
12.5%
BEA242
12.5%
BEA241
12.5%
BEA210
12.5%
BEA211
12.5%
BEA305
12.5%
BEA306
12.5%
BEA303
Either BEA242 or BEA241
Introduction to
H1
Econometrics
Research Methods
H3/2
for Finance
Australian Political H1
Economy
The Asia-Pacific
[na]
Economies: Tigers
Year 3
Industrial
H1
Organisation
Economics of
[na]
Human Resources
Australia and the
H2
Asia-Pacific
Economies: Trade
Principles and
Policy
v=video-link
Economics, Organisations and Industrial Relations
Unit title
Year 1
Economics for
Business
Foundations of
Economic Policy
Quantitative
Methods 1
Introduction to
Management
Commercial
Transactions
campus-sem
weight
code
H1~L1~B1
12.5%
BEA110
H2~L2~B2
12.5%
BEA130
H3/2~L2~B2v
12.5%
BEA140
H1/2~L1/2~B1
12.5%
BMA101
H2~L2~B2
12.5%
BFA141
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July 2, 2016, 01:42 AM, page –9
C3E Bachelor of Economics as at 14th May, 2002
Year 2
Intermediate
Microeconomics
Research Methods
for Finance
Intermediate
Macroeconomics
Management of
Human Resources
H1
12.5%
BEA200
H3/2
12.5%
BEA241
H2
12.5%
BEA220
H3/2~L2
12.5%
BMA121 or
BMA221
H1~L1
12.5%
BMA241
H1~L1
12.5%
BMA201
[na]
12.5%
BEA235
[na]
12.5%
BEA306
[na]
12.5%
BEA302
H2~L2~O2
12.5%
BMA291 or
BMA391
[a]
Workplace
Relations
Organisational
Behaviour
Thinking
Strategically: The
Competitive Edge
Year 3
Economics of
Human Resources
Economics,
Management and
Organisation
Managerial Social
Responsibility [b]
Any 2nd or 3rd-year BMA offering of 12.5%.
BEA325
Prices and Profits
H2
12.5%
BMA326
Entrepreneurship
H1~L1
12.5%
and Innovation
Further units may be available with approval from the relevant sub-deans. Please contact
the School of Economics for further details.
[a] Students use appropriate level 200 enrolment code
[b] Students use appropriate level 300 enrolment code
v=video-link
Economic Policy
campus-sem
Unit title
weight
code
Year 1
BEA140
Quantitative
12.5%
H3/2~L2~B2v
Methods 1 [a]
BEA110
Economics for
H1~L1~B1
12.5%
Business
BEA130
Foundations of
H2~L2~B2
12.5%
Economic Policy
Plus a further 37.5% Group 1 or Group 1A units from Schedule A
Years 2 and 3
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July 2, 2016, 01:42 AM, page –10
C3E Bachelor of Economics as at 14th May, 2002
BEA200
Intermediate
H1
12.5%
Microeconomics
BEA220
Intermediate
H2
12.5%
Macroeconomics
BEA210
Australian Political H1
12.5%
Economy
BEA301
Environmental and [na]
12.5%
Resource
Economics
BEA303
Australia and the
H2
12.5%
Asia-Pacific
Economies: Trade
Principles and
Policy
BEA321
Banking and
H2
12.5%
Financial
Institutions
BEA305
Industrial
H1
12.5%
Organisation
BEA211
The Asia-Pacific
[na]
12.5%
Economies: Tigers
Plus a further 50% taken from Group 2 and 2A units and 50% taken from Group 3 and 3A
units from Schedule A.
[a] May be taken in the second year if preferred.
v=video-link
Financial Markets and Institutions
Unit title
Year 1
Economics for
Business
Foundations of
Economic Policy
Quantitative
Methods 1
Accounting and
Financial Decision
Making
Accounting Context
and Method
Business
Information
Systems
Year 2
Intermediate
Microeconomics
The Asia-Pacific
campus-sem
weight
code
H1~L1~B1
12.5%
BEA110
H2~L2~B2
12.5%
BEA130
H3/2~L2~B2v
12.5%
BEA140
H3/1~L1~B1~O?
12.5%
BFA103
H3/2~L2~B2~O?
12.5%
BFA104
H1/2~L1~B1~O1
12.5%
BSA101
H1
12.5%
BEA200
[na]
12.5%
BEA211
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July 2, 2016, 01:42 AM, page –11
C3E Bachelor of Economics as at 14th May, 2002
Economies: Tigers
Research Methods
H3/2
12.5%
for Finance
Introduction to
H1
12.5%
Econometrics
Financial
H3/2~L2~B2~O?
12.5%
[a]
Management
Investment
H1
12.5%
Analysis
Year 3
Financial
[na]
12.5%
Economics
Banking and
H2
12.5%
Financial
Institutions
Econometrics
H2
12.5%
Financial Risk
[na]
12.5%
Management
plus 1 elective
[a] Students use appropriate level 200 enrolment code BFA281
BEA241
BEA242
BFA181 or BFA281
BEA286
BEA304
BEA321
BEA342
BEA385
v=video-link
Business Economics and Market Strategies
Unit title
Year 1
Economics for
Business
Foundations of
Economic Policy
Quantitative
Methods 1
Introduction to
Management
Year 2
Intermediate
Microeconomics
Australian Political
Economy
The Asia-Pacific
Economies: Tigers
Research Methods
for Finance
Principles of
Marketing
Marketing Research
Introduction to
campus-sem
weight
code
H1~L1~B1
12.5%
BEA110
H2~L2~B2
12.5%
BEA130
H3/2~L2~B2v
12.5%
BEA140
H1/2~L1/2~B1
12.5%
BMA101
H1
12.5%
BEA200
H1
12.5%
BEA210
[na]
12.5%
BEA211
H3/2
12.5%
BEA241
H3/2~L2~O?
12.5%
H2
H2~L2
12.5%
12.5%
BMA151 or
BMA251
BMA253
BMA181 or
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University of Tasmania course details
July 2, 2016, 01:42 AM, page –12
C3E Bachelor of Economics as at 14th May, 2002
BMA281
International
[a]
Business
BEA235
Thinking
[na]
12.5%
Strategically: The
Competitive Edge
Year 3
BEA302
Economics,
[na]
12.5%
Management and
Organisation
BEA304
Financial
[na]
12.5%
Economics
BEA305
Industrial
H1
12.5%
Organisation
BEA321
Banking and
H2
12.5%
Financial
Institutions
BMA326
Entrepreneurship
H1~L1
12.5%
and Innovation
BMA302
Strategic
H2~L2
12.5%
Management
BMA351
Marketing
H1
12.5%
Management
BMA282 or
International
12.5%
H2~L2nb
BMA382
Marketing
[a] Students use appropriate level 200 enrolment code BMA281.
nb=see Unit details ‘Special notes’ v=video-link
Note: The following information is NOT included in the printed edition of the Course and
Unit Handbook
Additional Information
The following information answers some frequently asked questions.
Note, however, details should be confirmed with the appropriate authority
Responsible faculty or school | Faculty of Commerce
Campus(es) offered | Hobart | Launceston
Mode of delivery | Full time | Part time
Course duration | 3 years minimum (6 semesters) | 8 years maximum (16 semesters)
Majors and Specialisations | Hobart majors: analytical economics, Australian economy
and the Asia Pacific, economics, organisations and industrial relations, financial markets
and institutions, business economics and market strategies | Launceston majors: see
Hobart entry
Costs (course fees only – annual) | HECS: YES | International students: $10,000
Students enrolled in this course | Total students enrolled last year: 114 | International
students last year: 10
Approximate student-staff contact hours | approx 12 hrs weekly
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University of Tasmania course details
July 2, 2016, 01:42 AM, page –13