Bachelor of Commerce Scholars Program and Bachelor of Economics for 2013

At a glance

Major study areas  

Career opportunities

There are few study areas that open up as many career opportunities as commerce, and high-achieving graduates who completed the Scholars Program will be highly sought-after. Our graduates work all over the world. They work in banking, politics, management, finance and insurance. They work for the government, major corporations and themselves. The range of career options depends on the subjects chosen but, given we this program has the added benefits of the Scholars Program, graduates will be able to explore several career paths.

Examples of roles that graduates can pursue include operations manager for a small-to-medium enterprise, stockbroker for a national stock exchange, business analyst in a bank or consulting firm, economic advisor to a government minister, marketing consultant in a large corporation, self-employed financial advisor, or analyst for a bank or financial institution.

Professional recognitions

Australian

A Bachelor of Commerce Scholars Program Bachelor of Economics allows graduates to satisfy the educational requirements of various professional registrations and memberships. It all depends on what units you take. To learn more, visit professional recognition or talk to your course adviser.

Why study Bachelor of Commerce Scholars Program and Bachelor of Economics?

Commerce is the cornerstone of the modern economy. It relates to the economic, political, legal, social, cultural, and technological activities that impact on commercial interactions around the world. This unique double degree offers a high-quality commerce education, with an exciting difference - you will benefit from participating in the Scholars Program. You will also learn the fundamentals of economics, and how the microeconomic decisions of individuals, business and government influence the macroeconomic behaviour of the economy.

Our program offers core units that will introduce you to the key principles of commerce. You can choose a major from a range of disciplines including management studies, accounting, econometrics, marketing, business law and taxation, finance, sustainability and actuarial studies. You will also get a world-class education - four of our commerce students represented Australia in the 2011 international final of the Global Management Challenge.

As a high-achieving student who has gained entry into the Scholars Program, we will guarantee you a scholarship worth $6000 per year - providing you maintain at least a distinction average throughout your degree. You will also have access to expert mentoring, special activities and seminars. These benefits are your reward for your effort and academic performance - and they are sure to support and enhance your experience in this degree.

Economics is the analysis of the economy and the factors that influence it, including growth, inflation and unemployment. A great economist uses ideas, data and models to uncover the workings of the economy. Our program aims to encourage logical thought and detailed analysis of economic issues, but our faculty also thinks outside the square. For example, we've modeled the economic effect that events like the Sydney Olympics and the Melbourne Grand Prix have had on our economy, and we've been engaged by the US Department of Homeland Security to quantify the economic effects of the H1N1 flu epidemic.

This course consists of 10 core commerce and economics units, an eight-unit major in a commerce or economics area of study, and eight open electives.

View the full 2013 Faculty Undergraduate Course Guide.

Entry requirements

Clearly in ATAR score (2013):

  • 98.35 (Clayton)

View entry requirements and applications for domestic students

Duration

4 years full-time

Fees for 2013

Fees are subject to change annually.

Fee information not presently available.

From 1 January 2012 all students pay a Student Services and Amenities fee each calendar year.

Intakes

First Semester (March)

Attendances

  • On-campus at Clayton: full-time

Faculty

Faculty of Business and Economics

Course code: 4428

CRICOS code:

Find out more

Enquire now   Apply now   Entry requirements   For Business and Economics contact details refer to:
Business and Economics

Sorry, this course is not currently registered to take International Students.

Please return to Course Finder keyword search to find a similar course registered for International students.

Single degree options

Admissions information for domestic students

Entry requirements

Minimum entrance requirements

Equivalent Australian Year 12.

Minimum entrance requirements for non-school-leavers

This course is restricted to CY12 students with a high ATAR.

VCE prerequisites

Units 3 and 4 - a study score of at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in mathematical methods (CAS) or specialist mathematics.

International Baccalaureate subject prerequisites

  • A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and
  • A score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL.

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

Entry scores

Qualification Clayton
2013 ATAR clearly in for CSP 98.35

Applications

Semester one (March)

Applications for on campus studies should be made online through the Victorian Tertiary Admissions Centre.

Semester two (July)

This course is currently not available to domestic students.

Major study areas

ACCOUNTING

Accounting is the systematic recording, reporting, and analysis of financial transactions. It can be done on a large scale - for international corporations - or for individuals or for any sized business in-between. There are agreed national and international rules and regulations that govern the work of accountants. Accounting allows a company to analyse its financial performance, and report important statistics such as profit and loss to managers and shareholders.

ACTUARIAL STUDIES

Actuaries identify, analyse and assess risk. They determine the likelihood of economic or property losses such as those that occur during natural disasters and calculate insurance premiums that allow individuals, business and governments to insure against these risks. Actuaries do this by applying the concepts of mathematics and statistics to real life scenarios.

BUSINESS LAW AND TAXATION

A major in business law and taxation provides an understanding of the legal environment of business. Employment prospects include working in legal compliance in areas such as marketing, trade practices, corporations law, employment and taxation. The taxation units offered provide the basis for a career as a tax agent and tax adviser.

BUSINESS MODELLING

Business modellers use data to identify and analyse business opportunities. They also use data to simulate the performance of a business using a range of different assumptions. These simulations are sometimes known as scenario or what-if models and they enable managers to refine strategies and optimise resource allocation to achieve the best possible outcomes.

ECONOMETRICS AND BUSINESS STATISTICS

Careers in the business world that use quantitative skills include the financial sector (stockbrokers, the insurance industry, finance companies, banks - e.g. developing models for investment opportunities), the manufacturing sector (e.g. providing quality control), and market research. Opportunities in the public sector include economic modelling, policy evaluation, and research into industry development.

ECONOMICS

Economists analyse the production, distribution, and consumption of goods and services. They focus 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.

FINANCE

Financial institutions work with individual and institutional investors. They develop, negotiate, sell and trade financial products (assets and liabilities) and provide financial advice to assist their clients to obtain the financial products most suitable for their needs.

FINANCIAL AND INSURANCE MATHEMATICS

Experts in the area of financial and insurance mathematics apply mathematical and statistical techniques to the understanding of financial markets. Like actuaries they determine the likelihood of specific outcomes and develop strategies that allow businesses and governments to either pursue new business opportunities or insure against risks.

INTERNATIONAL COMMERCE

International Commerce is similar to International Business but it has a broader focus. While international business generally refers to the activities of a single organisation, international commerce refers to the factors making up the economic environment that the business is operating in. These factors might be legal, political, social, cultural or technological.

MANAGEMENT STUDIES

Management Studies is designed to complement and enhance discipline studies in areas such as human resources and international business. It develops management skills in the context of changing and dynamic organisational environments both in Australia and internationally. It equips students to pursue leadership roles within their discipline specialisations.

MARKETING

Identifying and satisfying customer needs profitably form the basis of marketing. It includes creating, communicating, delivering and exchanging goods and services that have value to potential customers and, often, building strong relationships between an organisation and its customers. It can include market research, product development and communication strategies as well as product delivery logistics.

SUSTAINABILITY

Sustainability is about living - and doing business - in a way that does not jeopardise future generations. This means acting in a way that does not pollute or deplete resources like water, air, land or forests. Sustainability professionals help businesses operate in sustainable ways.