This area of study entry applies to students commencing this course in 2016 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 Faculty of Business and Economics 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.
Economics 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. Microeconomics examines the behaviour of buyers and sellers in the economy, while macroeconomics analyses the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy.
Economics is listed in the Bachelor of Commerce at Clayton as a major or minor.
In addition to achieving the broad outcomes of their course, students successfully completing this major will:
No more than 12 points at level 1 may be credited to a major and at least 18 points must be credited to the major at level 3.
(a.) The following four units (24 points):
(b.) Three units (18 points) from:
(c.) One unit (6 points) from (b) not previously completed or from the following list*:
*Students wishing to proceed to honours should complete at least 4 level 3 units.
Successful completion of the minor or major can be counted towards meeting the requirements for the following single degree:
Students in this course can complete the minor using 24 points of their free electives.*
Students in other single bachelor's degrees may be eligible to complete the minor or major by using 24 or 48 points of their free electives.
* Students cannot complete both the minor and major in the same area of study.
Successful completion of the minor or major can be counted towards meeting the requirements for the Bachelor of Commerce component in the following double degrees: