The specialisation in economics and economic policy provides an advanced knowledge of the theories explaining and analysing the production, distribution, and consumption of goods and services and focuses on how individuals, households, firms and governments interact and how economies work, with an emphasis on economic policy. Microeconomics examines the behaviour of buyers and sellers in the economy, from the microeconomic policy perspective; while macroeconomics analyses the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy, helping to predict economic fundamentals and provide macroeconomic policy advice.
This area of study entry applies to students commencing this course in 2018 and should be read in conjunction with the relevant course entry in the Handbook.
Any units listed for this area of study relate only to the 'Requirements' outlined in the component of any bachelors double degrees.
Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.
- The following three units (18 points):
- Intermediate microeconomics
- Intermediate macroeconomics
- International economics*
* Capstone unit.
- Three units (18 points) from List A below and two units (12 points) from List A or List B below:
- Experimental economics
- Monetary economics
- Economics of developing countries
- Labour economics
- Public finance
- Industrial organisation and regulation
- Mathematical economics
- Current issues in macroeconomic policy
- Environmental economics
- Sports economics
- Behavioural economics
- Game theory and strategic thinking
- Prosperity, poverty and sustainability in a globalised world
- Economics of climate change
- History of economic thought
- Applied econometrics
- Four units (24 points) selected from those offered by the Faculty of Business and Economicsoffered by the Faculty of Business and Economics (http://www.monash.edu.au/pubs/handbooks/units/index-byfaculty-bus.html) at Clayton and not already completed
Successful completion of this specialisation can be counted towards meeting the requirements for the following single degree:
- B2004 Bachelor of Commerce Specialist
Students in other single bachelor's degrees are not eligible to complete this specialisation.
Successful completion of this specialisation can be counted towards meeting the requirements for the Bachelor of Commerce Specialist component in the following double degrees:
- B2014 Bachelor of Commerce and Bachelor of Commerce Specialist
- B2024 Bachelor of Commerce Specialist and Bachelor of Arts
- B2009 Bachelor of Commerce Specialist and Bachelor of Computer Science
- B2015 Bachelor of Commerce Specialist and Bachelor of Information Technology
- B2016 Bachelor of Commerce Specialist and Bachelor of Science
- E3003 Bachelor of Engineering (Honours) and Bachelor of Commerce Specialist