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:
- have an in-depth knowledge of economic theories, analytical tools, and modelling techniques to a range of contexts.
Major requirements (48 points)
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.
- The following four units (24 points):
- ECC1000 Principles of microeconomics
- ECC1100 Principles of macroeconomics
- ECC2000 Intermediate microeconomics
- ECC2010 Intermediate macroeconomics
- Three units (18 points) from the following list:
- One unit (6 points) from (b) not previously completed or from the following list:*
- ECC2300 Current issues in macroeconomic policy
- ECC2360 Environmental economics
- ECC2400 Current issues in applied microeconomics
- ECC2450 Sports economics
- ECC2600 Behavioural economics
- ECC2610 Game theory and strategic thinking
- ECC2800 Prosperity, poverty and sustainability in a globalised world
- ECC3640 Economics of climate change
- ECC3800 History of economic thought
- ETC2410 Introductory econometrics
Minor requirements (24 points)
- any four undergraduate units (24 points) with the prefix ECC or ECX offered at the Clayton campus, with at least two units (12 points) at level 2 or 3
Successful completion of the minor or major can be counted towards meeting the requirements for the following single degree:
- B2001 Bachelor of Commerce
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.
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:
- B2020 Bachelor of Commerce and Bachelor of Arts
- B2021 Bachelor of Commerce and Bachelor of Biomedical Science
- B2014 Bachelor of Commerce and Bachelor of Commerce Specialist
- B2008 Bachelor of Commerce and Bachelor of Computer Science
- B2006 Bachelor of Commerce and Bachelor of Global Studies
- B2025 Bachelor of Commerce and Bachelor of Information Technology
- B2022 Bachelor of Commerce and Bachelor of Music
- B2023 Bachelor of Commerce and Bachelor of Science
- D3003 Bachelor of Education (Honours) and Bachelor of Commerce
- E3005 Bachelor of Engineering (Honours) and Bachelor of Commerce
- L3005 Bachelor of Laws (Honours) and Bachelor of Commerce