Bachelor of Economics
Bachelor of Economics
Abbreviation: BEc
Course code: C3E
Course contact (faculty or school) (03) 6226 7672/2160
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. First year units are also available at the
North-West Centre. 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.
Career outcomes
The Bachelor of Economics degree opens up many career opportunities and past graduates
have established careers in a wide range of activities: Some examples include: central
banking, commercial consulting, commercial banking, local government, administration,
management, market research, merchant banking, political adviser, stockbroking and
teaching.
Course structure
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University of Tasmania Course and Unit Handbook –Course details for 2004
July 11, 2016, 18:52 PM, page –1
Bachelor of Economics
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 schools in other Faculties.
It is possible to count a number of units from other schools, 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
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
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University of Tasmania Course and Unit Handbook –Course details for 2004
July 11, 2016, 18:52 PM, page –2
Bachelor of Economics
A four-year combined degree program is available based on the Bachelor of Computing
and Bachelor of Economics.
Combined degrees with Science
A four-year combined degree program is available based on the Bachelor of Economics
and Bachelor of Science.
Honours degree in Economics
The Honours degree requires one year of full-time study in addition to the requirements
for the BEc or BCom pass degree. Please see Bachelor of Economics with Honours on page
B-xx.
School contact number
School of Economics: (03) 6226 7672
Common first year units
Unit code
unit title
In first year, 37.5% must be taken from the following compulsory units:
BEA110
Economics for Business
BEA130
Foundations of Economic Policy
BEA140
Quantitative Methods 1
weight
campus offered
12.5%
12.5%
12.5%
H~1 L~1 B~1
H~2 L~2 B~2v
H~3/2 L~2
B~2v
In the second year, 37.5% must be taken from the following compulsory units (BEA200 and BEA220 must be
taken):
H~1
BEA200
Intermediate Microeconomics
12.5%
H~2
BEA220
Intermediate Macroeconomics
12.5%
either BEA242 or BEA241
BEA242
Introduction to Econometrics
BEA241/341
Research Methods for Finance
12.5%
12.5%
H~1
H~3/2
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:
BEA210
Australian Political Economy
12.5%
BEA211
The Asia-Pacific Economies: Tigers
12.5%
BEA235
Thinking Strategically: The Competitive Edge
12.5%
BEA240
Quantitative Methods 2
12.5%
BEA242
Introduction to Econometrics
12.5%
BEA286
Investment Analysis
12.5%
BEA300
Microeconomic Theory and Policy
12.5%
BEA301
Environmental and Resource Economics
12.5%
BEA302
Economics, Management and Organisation
12.5%
BEA303
Australia and the Asia-Pacific Economies: Trade
12.5%
Principles and Policy
BEA305
Industrial Organisation
12.5%
BEA306
Economics of Human Resources
12.5%
________________________________________
University of Tasmania Course and Unit Handbook –Course details for 2004
H~1
[na]
[na]
H~1
H~1
H~1
H~1
[na]
[na]
H~2
H~1
[na]
July 11, 2016, 18:52 PM, page –3
Bachelor of Economics
BEA320
BEA321
BEA325
BEA241/341
BEA342
BEA343
Macroeconomic Theory and Policy
Banking and Financial Institutions
Prices and Profits
Research Methods for Finance
Econometrics
Corporate Finance
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
H~2
H~2
H~2
H~3/2
H~2
H~2
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
Unit code
unit title
weight
campus offered
12.5%
12.5%
12.5%
H~1 L~1 B~1
H~2 L~2 B~2v
H~3/2 L~2
B~2v
H~3/1 L~1
B~1
H~3/2 L~2
B~2
H~3/2 L~2
B~2
H~3/2 L~2
B~2
Year 1 Group 1
Economics
BEA110
BEA130
BEA140
Economics for Business
Foundations of Economic Policy
Quantitative Methods 1
Accounting & Finance
BFA103
Accounting and Financial Decision Making
12.5%
BFA104
Accounting Context and Method
12.5%
BFA141
Commercial Transactions[a]
12.5%
BFA181/281
Financial Management[e]
12.5%
Information Systems
BSA101
Business Information Systems
12.5%
BSA102
Information Modelling and Infrastructures
12.5%
H~1/2 L~1/2
B~1 O~1
H~3/2 L~2
B~2 O~2
Management
BMA101
Introduction to Management
12.5%
BMA121/221
BMA151/251
Management of Human Resources[e]
Principles of Marketing[e]
12.5%
12.5%
BMA181/281
Introduction to International Business[e]
12.5%
H~1/2 L~1/2
B~1
H~3/2 L~2
H~3/2 L~2
O~tba
H~2 L~2
Year 1 Group 1A
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University of Tasmania Course and Unit Handbook –Course details for 2004
July 11, 2016, 18:52 PM, page –4
Bachelor of Economics
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.
Year 2 Group 2[b]
Economics Hbt or as otherwise advised
BEA200
BEA210
BEA211
BEA212
BEA220
BEA235
BEA240
BEA241/341
BEA242
BEA286
Intermediate Microeconomics
Australian Political Economy[c]
The Asia-Pacific Economies: Tigers
The Information Economy
Intermediate Macroeconomics
Thinking Strategically: The Competitive Edge
Quantitative Methods 2
Research Methods for Finance
Introduction to Econometrics
Investment Analysis
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
H~1
H~1
[na]
[na]
H~2
[na]
H~1
H~3/2
H~1
H~1
H~3/1 L~1
O~tba
H~2 L~2
H~1 L~1 B~1
O~tba
H~2 L~2 B~2
O~tba
Accounting & Finance
BFA201
Financial Accounting
12.5%
BFA221
BFA241
Accounting Information Systems
Corporate Regulation and Accountability
12.5%
12.5%
BFA261
Management Accounting
12.5%
Management
H~3/1 L~1
BMA201
BMA204
Organisational Behaviour
Foundations of Entrepreneurship
12.5%
12.5%
BMA213
BMA252
Entrepreneurship and Creativity
Buyer Behaviour
12.5%
12.5%
B~1
H~2 L~2
H~2
12.5%
12.5%
H~1 L~1
H~2 L~2
12.5% unit (BMA253) to be advised.
BMA255
Marketing Communications
BMA282/382
International Marketing
w H~1 L~1
Year 2 Group 2A
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
BEA301
BEA302
BEA303
Microeconomic Theory and Policy
Environmental and Resource Economics[d]
Economics, Management and Organisation[d]
Australia and the Asia-Pacific Economies: Trade
________________________________________
University of Tasmania Course and Unit Handbook –Course details for 2004
12.5%
12.5%
12.5%
12.5%
H~1
[na]
[na]
H~2
July 11, 2016, 18:52 PM, page –5
Bachelor of Economics
BEA305
BEA306
BEA310
BEA320
BEA321
BEA325
BEA241/341
BEA342
BEA343
BEA384
Principles and Policy
Industrial Organisation
Economics of Human Resources
Globalisation and the Information Economy
Macroeconomic Theory and Policy
Banking and Financial Institutions[d]
Prices and Profits
Research Methods for Finance
Econometrics
Corporate Finance
International Finance
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
H~1
[na]
[na]
H~2
H~2
H~2
H~3/2
H~2
H~2
H~1
H~2 L~2 B~2
O~tba
H~3/2 L~2
H~1 L~1 B~1
O~tba
H~2
w H~1 L~1
B~1
Accounting & Finance
BFA301
Advanced Financial Accounting
12.5%
BFA302
BFA303
Accounting Theory
Auditing
12.5%
12.5%
BFA305
BFA306
Financial Planning
Public Sector Resource Management
12.5%
12.5%
12.5% unit (BFA307) to be advised.
BFA347
Regulatory Compliance
BFA366
Organisational Risk Management
BFA391
Taxation
12.5%
12.5%
12.5%
H~1 L~1 B~1
H~2 L~2
H~3/1 L~1
O~tba
12.5%
H~2
Information Systems
BSA304
Decision Support Systems
Management
BMA291/391
BMA302
BMA224/324
BMA326
BMA351
BMA353
BMA371
BMA381
Managerial Social Responsibility
Strategic Management
Human Resource Development
Entrepreneurship and Innovation
Marketing Management
Services Marketing
Special Topics in Management
International Human Resource Management
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
H~2
H~3/2
H~1
H~1
L~2
L~2
L~1
L~1
H~1
H~1 L~1
[na]
H~1 L~1
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
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University of Tasmania Course and Unit Handbook –Course details for 2004
July 11, 2016, 18:52 PM, page –6
Bachelor of Economics
[d]
May be approved as a Group 2 unit
[e]
These units are available at both level 100 and level 200 BFA181/281, BMA121/221, *MA151/251,
BMA181/281, etc
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.
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:
Economic Analysis Major
Unit code
unit title
weight
campus offered
Economics for Business
Foundations of Economic Policy
Quantitative Methods 1
12.5%
12.5%
12.5%
H~1 L~1 B~1
H~2 L~2 B~2v
H~3/2 L~2
B~2v
Intermediate Microeconomics
Intermediate Macroeconomics
Introduction to Econometrics
Quantitative Methods 2
12.5%
12.5%
12.5%
12.5%
H~1
H~2
H~1
H~1
Microeconomic Theory and Policy
Macroeconomic Theory and Policy
12.5%
12.5%
H~1
H~2
12.5%
H~2
12.5%
H~2
Year 1
BEA110
BEA130
BEA140
Year 2
BEA200
BEA220
BEA242
BEA240
Year 3
BEA300
BEA320
Either BEA303 or BEA321
BEA303
Australia and the Asia-Pacific Economies: Trade
Principles and Policy
BEA321
Banking and Financial Institutions
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University of Tasmania Course and Unit Handbook –Course details for 2004
July 11, 2016, 18:52 PM, page –7
Bachelor of Economics
Australian Economy and the Asia Pacific
Unit code
unit title
weight
campus offered
Economics for Business
Foundations of Economic Policy
Quantitative Methods 1
12.5%
12.5%
12.5%
H~1 L~1 B~1
H~2 L~2 B~2v
H~3/2 L~2
B~2v
Intermediate Microeconomics
Intermediate Macroeconomics
12.5%
12.5%
H~1
H~2
12.5%
12.5%
12.5%
12.5%
H~1
H~3/2
H~1
[na]
12.5%
12.5%
12.5%
H~1
[na]
H~2
Year 1
BEA110
BEA130
BEA140
Year 2
BEA200
BEA220
Either BEA242 or BEA241
BEA242
Introduction to Econometrics
BEA241/341
Research Methods for Finance
BEA210
Australian Political Economy
BEA211
The Asia-Pacific Economies: Tigers
Year 3
BEA305
BEA306
BEA303
Industrial Organisation
Economics of Human Resources
Australia and the Asia-Pacific Economies: Trade
Principles and Policy
Economics, Organisations and Industrial Relations
Unit code
unit title
weight
campus offered
BEA110
BEA130
BEA140
Economics for Business
Foundations of Economic Policy
Quantitative Methods 1
12.5%
12.5%
12.5%
BMA101
Introduction to Management
12.5%
BFA141
Commercial Transactions
12.5%
H~1 L~1 B~1
H~2 L~2 B~2v
H~3/2 L~2
B~2v
H~1/2 L~1/2
B~1
H~3/2 L~2
B~2
Intermediate Microeconomics
Research Methods for Finance
Intermediate Macroeconomics
Management of Human Resources[a]
Workplace Relations
Organisational Behaviour
Thinking Strategically: The Competitive Edge
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
Year 1
Year 2
BEA200
BEA241/341
BEA220
BMA121/221
BMA241
BMA201
BEA235
H~1
H~3/2
H~2
H~3/2 L~2
H~1 L~1
H~3/1 L~1
[na]
Year 3
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University of Tasmania Course and Unit Handbook –Course details for 2004
July 11, 2016, 18:52 PM, page –8
Bachelor of Economics
BEA306
BEA302
BMA291/391
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
BMA302
Strategic Management
12.5%
12.5%
12.5%
[na]
[na]
H~2 L~2
12.5%
12.5%
H~2
H~3/2 L~2
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
Economic Policy
Unit code
unit title
weight
campus offered
BEA140
Quantitative Methods 1[a]
12.5%
BEA110
BEA130
Economics for Business
Foundations of Economic Policy
12.5%
12.5%
H~3/2 L~2
B~2v
H~1 L~1 B~1
H~2 L~2 B~2v
12.5%
12.5%
12.5%
12.5%
12.5%
H~1
H~2
H~1
[na]
H~2
12.5%
12.5%
12.5%
H~2
H~1
[na]
Year 1
Plus a further 37.5% Group 1 or Group 1A units from Schedule A
Years 2 and 3
BEA200
BEA220
BEA210
BEA301
BEA303
BEA321
BEA305
BEA211
Intermediate Microeconomics
Intermediate Macroeconomics
Australian Political Economy
Environmental and Resource Economics
Australia and the Asia-Pacific Economies: Trade
Principles and Policy
Banking and Financial Institutions
Industrial Organisation
The Asia-Pacific 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.
Finance
Unit code
unit title
weight
campus offered
BEA110
BEA130
BEA140
Economics for Business
Foundations of Economic Policy
Quantitative Methods 1
12.5%
12.5%
12.5%
BFA181/281
Financial Management
12.5%
H~1 L~1 B~1
H~2 L~2 B~2v
H~3/2 L~2
B~2v
H~3/2 L~2
B~2
Year 1
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University of Tasmania Course and Unit Handbook –Course details for 2004
July 11, 2016, 18:52 PM, page –9
Bachelor of Economics
Year 2
BEA200
BEA241/341
BEA242
BEA286
Intermediate Microeconomics
Research Methods for Finance
Introduction to Econometrics
Investment Analysis
12.5%
12.5%
12.5%
12.5%
H~1
H~3/2
H~1
H~1
Banking and Financial Institutions
Corporate Finance
International Finance
Regulatory Compliance
12.5%
12.5%
12.5%
12.5%
H~2
H~2
H~1
H~1 L~1 B~1
12.5%
H~2
Year 3
BEA321
BEA343
BEA384
BFA347
Either BEA342 or an approve unit.
BEA342
Econometrics
[a]
Students use appropriate level 200 enrolment code BFA281
Business Economics and Market Strategies
Unit code
unit title
weight
campus offered
BEA110
BEA130
BEA140
Economics for Business
Foundations of Economic Policy
Quantitative Methods 1
12.5%
12.5%
12.5%
BMA101
Introduction to Management
12.5%
H~1 L~1 B~1
H~2 L~2 B~2v
H~3/2 L~2
B~2v
H~1/2 L~1/2
B~1
BEA200
BEA210
BEA211
BEA241/341
BEA242
BMA151/251
Intermediate Microeconomics
Australian Political Economy
The Asia-Pacific Economies: Tigers
Research Methods for Finance
Introduction to Econometrics
Principles of Marketing
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
BMA205
BMA181/281
BEA235
Business Research Methods
Introduction to International Business[a]
Thinking Strategically: The Competitive Edge
12.5%
12.5%
12.5%
H~1
H~1
[na]
H~3/2
H~1
H~3/2 L~2
O~tba
H~2 L~2
H~2 L~2
[na]
Economics, Management and Organisation
Industrial Organisation
Banking and Financial Institutions
International Finance
12.5%
12.5%
12.5%
12.5%
[na]
H~1
H~2
H~1
12.5%
12.5%
12.5%
12.5%
H~3/2 L~2
H~1
H~2 L~2
H~2
Year 1
Year 2
Year 3
BEA302
BEA305
BEA321
BEA384
A nominated elective from the BEA200/300 range of units
BMA302
Strategic Management
BMA351
Marketing Management
BMA282/382
International Marketing
BEA342
Econometrics
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University of Tasmania Course and Unit Handbook –Course details for 2004
July 11, 2016, 18:52 PM, page –10
Bachelor of Economics
[a]
Students use appropriate level 200 enrolment code BMA281.
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 | Total students
enrolled this year: 96 | International students last year: 10 | International students this
year: 4
Approximate student-staff contact hours | approx 12 hrs weekly (26 wls per year)
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University of Tasmania Course and Unit Handbook –Course details for 2004
July 11, 2016, 18:52 PM, page –11