The Faculty of Economics and Commerce

The objective of the Faculty of Economics and Commerce is to advance knowledge through high quality teaching and research in the closely related areas of accounting, actuarial studies, electronic commerce and business information systems, econometrics, economic history, economics, finance, international business, management, marketing and statistics. It endeavours to do this through the provision of a range of undergraduate and graduate programs, and through its research, publications and contributions to the associated professions, commerce, industry and government.

The undergraduate program comprises the Bachelor of Actuarial Studies, Bachelor of Commerce, Bachelor of Economics, Bachelor of Electronic Commerce and Bachelor of Finance degree programs, which are offered at both pass and honours levels. The Bachelor of Electronic Commerce and Bachelor of Finance are only available as single degree programs while the Bachelor of Actuarial Studies, Bachelor of Commerce and Bachelor of Economics may be taken as a single degree program or as part of a combined program with another degree.

The Actuarial Studies degree may be combined with degrees in Commerce, Economics and Law.

The Commerce degree may be combined with degrees in Actuarial Studies, Arts, Asian Studies, Economics, Engineering, Information Technology, Law, Psychology, Science and Science (Forestry).

The Economics degree may be combined with degrees in Actuarial Studies, Arts, Asian Studies, Commerce, Engineering, Information Technology, Law, Psychology, Science and Science (Forestry).

The Bachelor of Actuarial Studies is a specialist degree combining studies in the areas of economics, finance, mathematics and statistics. The Bachelor of Commerce degree focuses on accounting, business information systems and finance. The Bachelor of Economics degree focuses on economics as the major discipline. The Commerce and Economics degrees allow for substantial student choice and diversity. Beyond the minimum degree requirements, students have an opportunity to pursue a wide range of elective courses and optional majors. The Bachelor of Electronic Commerce degree focuses on the electronic technologies that support business, such as software and computer systems, and their application in the real world. The Bachelor of Finance is a specialist degree that focuses on the study of financial instruments, institutions and markets, and provides the opportunity to study the field of financial decision-making at a more in-depth level than within the finance major of the Bachelor of Commerce degree program

The Faculty aims to educate its students for a wide range of careers including work as professional actuaries, economists, bankers, financial managers, administrators, accountants, econometricians, management consultants, statisticians, fund managers, stock brokers, treasurers and information systems professionals in the public and private sectors of the economy. Through its teaching programs, it seeks to develop in its students the ability to recognise and solve problems, and to make policy recommendations and management decisions. The Faculty expects that its graduates will become competent professionals in their fields of employment once adequate experience has been obtained.

The degree programs have been designed to also enable students to meet the educational requirements for entry to the relevant professional associations including the Institute of Actuaries of Australia, CPA Australia, The Institute of Chartered Accountants in Australia, Chartered Institute of Management Accountants, Australasian Institute of Banking and Finance, Finance and Treasury Association, Chartered Institute of Company Secretaries.

Fields of Study

Accounting is concerned with measurement, reporting and evaluation of information, including computerised information, which assists in the management of resources in business entities and government organisations. The program aims to develop the theory and practice of financial measurement for both business and public entities.

Actuarial studies combines studies in economics, finance, mathematics and statistics, to develop techniques and skills to assess, evaluate and manage future financial risk and thereby address a wide range of practical problems in long-term financial planning and management.

Business information systems is concerned with the study of business information and its production, flows and usage within organisations. It encompasses both manual activities and those involving any form of automation, particularly computing and telecommunications. Courses in electronic commerce are available as an extension of this subject area.

Econometrics is concerned with economic measurement and interpretation. The program aims to develop proper methods of measuring economic relationships using economic data.

Economic history involves a study of change over time in the performance and structure of an economy. The program aims to analyse economic problems in a long-run time and institutional framework in a range of economies from underdeveloped countries through to advanced developed countries and for both free market and command systems.

Economics aims to provide students with an appreciation of economic systems and an understanding of various economic issues such as unemployment, inflation, resource allocation, economic growth, income distribution and international trade. Economics is the science of rational decision-making about economic choices and behaviour, and the effective use of scarce resources. The discipline involves a wide range of technical and analytical skills in addition to institutional and factual knowledge.

Electronic Commerce combines knowledge of electronic technologies such as software and computer systems that support business with commerce skills including the business processes and marketing techniques that apply electronic technologies to the real world and, with people skills such as communication and management abilities that help to explain the application of electronic technology to business and encourage its use.

Finance is concerned with the study of financial instruments, institutions, markets and systems. It involves the study of financial decision-making under uncertainty, which has many applications such as in the fields of accounting, banking, financial consulting and planning, funds management, merchant banking, stock broking and treasury.

International business borrows from many disciplines to analyse the principal issues and considerations in the growth and functioning of international business, organisations and activity.

Management incorporates a range of disciplines to analyse the principal issues and considerations relevant to management. The program of study includes corporate strategy, management accounting, marketing, organisational behaviour and strategic management.

Marketing is an interdisciplinary subject, combining aspects of economics/commerce, psychology/sociology and statistical analysis in the assessment of market behaviour and the development of appropriate business responses. The program introduces practical aspects of both marketing and marketing research, with an emphasis on the development of the theoretical foundations upon which analysis should be based.

Statistics is concerned with a wide variety of data measurement and inferential problems across the range of natural and social sciences. The program aims to develop a coherent body of theory and practice applicable to various problem areas.

Other Activities

The honours and graduate programs in each discipline cover advanced theoretical and applied topics. They are designed to equip graduates with research abilities as well as higher-level professional expertise. The graduate work of the Faculty also involves the supervision of PhD candidates and the training of research workers and future academic staff.

Research within the Faculty is concerned with the advancement of knowledge in its disciplines, in both theoretical and applied areas, and covers a wide range of topics. Faculty members regularly contribute to leading academic and professional journals, and publish books, monographs and working papers. Members of Faculty also provide specialist advice to business, the Federal Government and its instrumentalities, and play an active role in appropriate professional bodies.

The Centre for Applied Economics in the Faculty of Economics and Commerce is a focus for the examination and promotion of policy-related research in economics and associated disciplines. The Centre produces the journal Agenda.

The Centre for Actuarial Research in the Faculty of Economics and Commerce is a focus for, and sponsors activities related to, the examination and promotion of areas of current actuarial research and interest.

GENERAL INFORMATION

Admission and restrictions on entry

Applicants for admission to a program leading to the degree of Bachelor of Actuarial Studies, Bachelor of Commerce, Bachelor of Economics, Bachelor of Electronic Commerce or Bachelor of Finance, including the associated combined degrees, must satisfy the general requirements for admission to the University and meet the competitive entry level for the particular program. Applicants for the Actuarial Studies degree programs must also satisfy a mathematics prerequisite as a requirement for admission. Applicants for the Commerce, Economics, Electronic Commerce and Finance degree programs are assumed to have achieved a satisfactory level of knowledge of mathematics prior to admission.

There is a quota on entry to the Faculty of Economics and Commerce. The Faculty ranks applicants for each program in order of academic merit and places are offered to the most highly qualified. Students enrolling in the Faculty for the first time are required to have their choice of courses approved at an interview with a Faculty Adviser. Details of the days set aside for program approval and registration of enrolment are included with the offer of admission.

Mathematics Prerequisite and Assumed Knowledge
Requirements

BActS -- Applicants for the Actuarial Studies degree program, other than the combined Actuarial Studies/Law degree program, must have achieved at least 160 in ACT Advanced Mathematics Extended Major Minor or at least NSW HSC Mathematics Extension 1 (Band E3) or equivalent. Applicants for the combined Bachelor of Actuarial Studies/Bachelor of Laws degree program must have achieved at least 188 in ACT Advanced Mathematics Extended Double Major or at least NSW HSC Mathematics Extension 2 (Band E4) or equivalent.

BComm, BEc, BeComm and BFin -- Applicants for the Commerce, Economics, Electronic Commerce and Finance degree programs are assumed to have achieved a level of knowledge of mathematics comparable to at least a major in Advanced Mathematics in the ACT, NSW HSC Mathematics or equivalent. Successful applicants for either degree will not be prevented from enrolling in the program if they do not have the assumed level of knowledge in mathematics. However, a knowledge of mathematics, particularly calculus, is considered desirable for successful study in the Faculty. Candidates who do not have this level of knowledge of mathematics may be at a disadvantage in their studies and it is very strongly advised that such applicants undertake a suitable bridging or preparation course in mathematics prior to commencing study.

Further details concerning admission are given in the General Information section of the Handbook.

Status

Applications for status may be considered under the following categories:

Studies successfully completed at a recognised institution of higher education within the last ten years
Cross-institutional study
Exchange and study abroad programs
Summer programs

Applications for status are considered on a case-by-case basis and restrictions apply.

Inquiries concerning status should be directed to the Faculty Office.

Arrangement of programs

The pass degrees consist of courses generally to the value of 144 units in specified sequences. Full-time students normally take courses with a value of 48 units in each year. Usually, a semester course in the Faculty has a value of 6 units. The standard pattern of full-time enrolment in Faculty courses is four courses each semester. A major consists of 36 units normally comprising a sequence of six courses. Further details concerning the arrangement of programs is contained in the General Information section at the front of this Handbook and in the sections relating to each degree.

Enrolment/re-enrolment

A student must enrol/re-enrol in the manner and at the time prescribed by the Director, Student Administration and Support Services. Failure to do so may lead to the imposition of conditions or fees, or cancellation of enrolment. It is a student's responsibility to ensure that she/he is correctly enrolled. A student may not attempt an examination in, nor receive a result in a course for which she/he is not properly enrolled.

Cancellation or variation of enrolment

A student who wishes to cancel or vary her/his enrolment in a course or program must inform the Director, Student Administration and Support Services by completing a variation form obtainable from the Faculty Office. Deadlines apply. Variations are normally conducted at prescribed times in the Enrolment Centre, Melville Hall. Students wishing to vary their enrolment should discuss the proposed changes with the Subdean or the Faculty Secretary.

Leave of absence from a program

A student who wishes to temporarily suspend studies may apply for leave of absence by completing a `program leave of absence' form obtainable from the Faculty Office. The application should include the reason(s) for the request. The application must be lodged no later than the start of the period for which leave is sought. Approval in not automatic and is not normally granted for more than two semesters on an occasion, nor more than four semesters in total. Periods of leave count towards maximum time.

Examinations

The Faculty may refuse to admit to an examination in a course a student who has been repeatedly absent from classes or who has not submitted prescribed work in the course. A student must be available for the whole of the examination period. See also the General Information section earlier in this Handbook.

Academic performance

All undergraduate students are subject to a minimum standard of academic performance. Progress in courses and programs, including combined programs, will be considered at the end of each semester. Unsatisfactory performance may lead to exclusion from a course, a program of study, or the Faculty. The criteria, as determined by the University are as follows:

Repeated Failures in a Course

If a candidate fails a course twice, the candidate may not, without the permission of the Faculty concerned, enrol in that course again.

A candidate who has been notified as having breached the above criteria has the right to appeal the decision. Further information concerning academic performance may be obtained from the Faculty Office or the Faculty website.

The degree with honours

The program for the degree of bachelor with honours is a four-year program for full-time students. During the first three years students take the pass program and may take additional honours work in the more important courses. Admission to the fourth honours year depends on the achievement of a sufficiently high standard, especially in the more important courses, during the first three years of the program and is at the discretion of the head of the relevant school and the Faculty. Students enrolled in the Faculty of Economics and Commerce are not formally enrolled in the program for the degree with honours until the fourth honours year. Students hoping to undertake the honours year should consult the Subdean early in their program for advice on course selection and preparation for the honours year. Pass degree students from other higher education institutions may apply to undertake the honours degree.

Graduate Study

The Faculty offers a range of postgraduate programs at certificate, diploma, master and doctor of philosophy level. Details are contained in the Graduate School Handbook and various information brochures produced by the Faculty and affiliated Graduate Programs in Commerce, Economics, Finance and Statistics. Further information may be obtained from the Faculty Office or the Faculty website.

Professional Accreditation

Students undertaking appropriate courses in degrees offered by the Faculty are recognised for professional accreditation and/or exemptions from a number of professional associations in the areas of actuarial studies, accounting, computing, economics, finance, management and statistics. A detailed brochure outlining the professional accreditation requirements is available from the Faculty Office.

Policies and procedures relating to students in the Faculty of Economics and Commerce

The Faculty of Economics and Commerce has determined a number of policies and procedures relating to studies in the Faculty. These are available from the Faculty's website:
http://ecocomm.anu.edu.au/

Further Information and Contact Details

Detailed information concerning the Faculty of Economics and Commerce is available at its website. The Faculty of Economics and Commerce Office is located on the first floor, Copland Building (Room 1120, Building 24), Acton Campus. Contact details are:

The Faculty of Economics and Commerce

Copland Building (Building 24)

The Australian National University

Canberra ACT 0200 Australia

Telephone: +61 2 61253807

Facsimile: +61 2 61250744

Email: info.ecocomm@anu.edu.au

URL: http://ecocomm.anu.edu.au/

THE SCHOOLS

The Faculty of Economics and Commerce comprises the School of Business and Information Management, the School of Economics and the School of Finance and Applied Statistics.

Business and Information Management

T.J. Brailsford, MEc PhD Monash FCPA FAIM AIBF(Snr)

Acting Head of School and Professor of Finance

The School of Business and Information Management offers studies in the primary areas of accounting and business information systems. Accounting is concerned with measuring and reporting the performance of business and public sector organisations, and making decisions on resource use by investors, managers, creditors and administrators. The area of business information systems is concerned with commercial applications of information technology, design and implementation of information systems, e-commerce, and information systems as a management tool. Courses are also provided in the areas of corporate strategy, business ethics, commercial and taxation law, marketing, management and organisational behaviour.

Courses offered by the School may be taken in various combinations as part of the degrees of Bachelor of Actuarial Studies, Bachelor of Commerce, Bachelor of Electronic Commerce, Bachelor of Economics and Bachelor of Finance. The courses taught in the School prepare students for careers in a wide range of fields including professional accounting, management accounting, information management, taxation, corporate administration, financial accounting and reporting, auditing, management consulting, public sector accounting, and business and management information systems.

Professional qualifications as an accountant in Australia are usually sought through membership of either CPA Australia or the Institute of Chartered Accountants in Australia. Courses offered by the School of Business and Information Management enable students to satisfy the educational requirements of both professional bodies.

An honours degree program is available for students who qualify. It includes advanced level coursework, research method and a thesis, and may be undertaken in any of the major areas of study in the School. The School has an active graduate program and is a primary provider of teaching and supervision of candidates in graduate diplomas, master and doctor of philosophy degrees.

Economics

B. Smith, MA Aberd.

Head of School and Reader in Economics

The School of Economics embraces the subject areas of economic theory, applied economics, economic history and econometrics. It provides the backbone of economics teaching at all levels in the ANU and, in cooperation with economists located elsewhere in the ANU, it is a focus for the highest level of economic research activity and training available in Australia.

The undergraduate economics courses are distinctive within Australia for the high degree of analytical content and their integrated nature moving from first to third year. The courses seek to give students an appreciation of the issues involved in the operation of an economic system, an understanding of the way economists approach the analysis of these issues and an ability to conduct such analyses. They examine such issues as: unemployment and inflation, the effects of microeconomic reform and the privatisation of public enterprises, and the impact of policies which restrict international trade in goods and services. The availability of courses in economic history broadens the variety of approaches to economics in the Faculty and highlights constraints on policy development and the complexity of economic change. In its teaching program the School aims to provide students with the ability to recognise and to solve economic problems, to analyse and to make recommendations on economic policy, and to make good management decisions.

The School provides core courses in microeconomics and macroeconomics that may be combined in a three-year sequence to form an economics major. The School also provides a wide range of specialised courses in applied and theoretical economics, econometrics and economic history. The courses offered by the School form the basis of the Bachelor of Economics degree and, subject to prerequisites, are available to students in all faculties of the University who wish to gain an understanding of economic behaviour and decision-making.

In addition to the Bachelor of Economics pass degree, the School offers an undergraduate Honours program that provides higher level teaching in each of the three years of the pass degree as well as intensive full-time fourth year courses. Students who hold a strong economics degree from another university may apply to be considered for admission to the honours programs in Economics, Applied Economics, Economics/Econometrics, Econometrics, and Economic History. The School also provides the core teaching in the ANU's large and highly respected Graduate Program in Economics and is primarily responsible for coursework programs at graduate diploma and master degree level. The School has an active research program and its staff are engaged in supervising the research of candidates for master of philosophy and doctor of philosophy degrees throughout the University.

Finance and Applied Statistics

T. J. O'Neill, BSc Adel., MS, PhD Stanford, AStat

Head of School and Professor of Applied Statistics

The School of Finance and Applied Statistics has primary responsibility for the disciplines of actuarial studies, finance and applied statistics. The undergraduate teaching responsibilities of the School cover four main areas. First, the School offers courses concerned with financial institutions, markets and instruments; the valuation and use of risky securities; portfolio theory, and the operation and financing of modern businesses. The Faculty offers a Bachelor of Finance as well as the popular undergraduate major in finance that is a core major in the Bachelor of Commerce. Finance courses taught within the school include corporate finance, investments, international financial management and financial institutions and risk management. Second, the Faculty offers an accredited Bachelor of Actuarial Studies for which the School teaches the specialist actuarial courses that form the core of the degree. Third, the School is responsible for offering compulsory and elective courses in business statistics, mathematical statistics, probability theory, operations research and social statistics for the Bachelor of Commerce, Bachelor of Electronic Commerce and Bachelor of Economics. Fourth, the School operates closely with the Faculty of Science and offers units in traditional areas of statistics that are closely related to the cognate areas in science and mathematics.

The School supervises undergraduate honours programs in actuarial studies, finance and statistics. Students who excel in these areas at pass level either at ANU or another university may apply to be considered for admission to an honours degree. Honours students undertake a mix of coursework and research projects.

At the graduate level, the School is responsible for the coursework teaching and supervision of students in the University-wide Graduate Programs in Finance and Statistics. Both programs offer degrees at the Graduate Certificate, Master by coursework, MPhil and PhD level, including graduate offerings in Actuarial Studies.

PROGRAMS

Bachelor of Actuarial Studies

The degree Bachelor of Actuarial Studies is offered through the School of Finance and Applied Statistics. Up to sixteen of the twenty-four courses in the three-year pass degree may be accepted by the Institute of Actuaries of Australia to give exemption from the nine Part I subjects of the examinations for Fellowship of the Institute. Although a three-year pass degree leading to the Bachelor of Actuarial Studies is available, completion of Part II subjects examined by the Institute can only be obtained by completing the four-year degree leading to the Bachelor of Actuarial Studies (with Honours). The program is highly prescribed. Interested students should consult the Convener of the Actuarial Program or the Faculty of Economics and Commerce.

Bachelor of Actuarial Studies with honours

Students may proceed to the fourth honours year in Actuarial Studies. Entry to the honours year program is subject to an average grade of credit or above in the 3000-level professional actuarial subjects described in the course listings and requires the approval of Faculty. Other conditions may also apply. Students who are interested in the honours program should seek further advice from the Convener of the Actuarial Program in the School of Finance and Applied Statistics.

Bachelor of Commerce

The Bachelor of Commerce offers significant flexibility and diversity in student choice. Students can complete specialist sequences in a wide variety of business-related fields in addition to studies from elsewhere in the University. Students are required to complete 144 units where one semester length course is typically worth 6 units. Hence, students generally take 24 semester courses. Within the degree structure, there are three basic elements.

First, students complete a set of core courses comprising one-third of the degree. These core courses provide the foundations of the degree and subsequent studies build upon this knowledge. Core courses are generally taken during the first year of study and cover financial accounting, commercial law, economics, finance, information systems, management accounting and quantitative methods and techniques.

The second element involves one major in the student's chosen area of specialisation. A major consists of a sequence of related courses taken over three years of the degree that build upon the core courses. The major can be taken from accounting, business information systems or finance.

The third element involves elective courses to complete the remaining points in the degree. For most students, the elective component represents around one-third of their degree. Some students opt to undertake one or more of the elective majors in a business-related area leading to a double major in the degree. The elective majors include:

Accounting
Business Economics
Business Information Systems
Business Statistics
Corporate Development
Econometrics
Finance
International Business
Management
Marketing

Alternatively, students may choose to take courses outside of the Faculty's offerings such as a language, arts or science-related courses.

Bachelor of Commerce with honours

Students who achieve very good results in their first three years of the degree are invited to join the Honours Program. The Honours Program is an intensive two-semester program taken in a fourth year leading to the award Bachelor of Commerce (Honours). The program extends the undergraduate material and focuses on highly complex, analytical and practical problems. Students undertake a program of advanced coursework and a research thesis. Classes in the Honours Program are small due to its high standard of entry. Students have the opportunity to compete for a range of scholarships, prizes and internships. Students from other universities are also able to join the Honours Program after completing the pass degree requirements in their own institutions.

Students who intend to proceed to the degree of Bachelor of Commerce with Honours should consult the Commerce Honours Coordinator in the School of Business and Information Management for advice.

Bachelor of Economics

The Bachelor of Economics degree offers students rigorous training in the analytic tools of economics, and the opportunity to apply these to a wide variety of economic issues. It is an intellectually challenging degree that develops powers of logical analysis. It offers insight into the ways in which businesses are structured and compete, and also into the ways in which households and individuals make decisions and interact.

The Economics degree at the ANU is widely regarded as one of the very best in Australia and its graduates are much in demand from government and business employers.

The three-year degree is built around two majors that run through all years in the degree. The core economics major consists of two semester length microeconomics and macroeconomics courses in each of the three years.

The second major consists of two semester courses in quantitative methods in the first year, a course in econometrics normally taken at second year, a course in international economics normally taken in the final year and two elective courses drawn from a list of optional semester courses. These courses provide a wide variety of applications of economic analysis.

The two majors aim to give students an appreciation of the operation of the economic system and an understanding of a variety of issues of economic policy importance. Examples include problems of unemployment and inflation, the debate on microeconomic reform and privatisation of public enterprises. The core courses emphasise an analytical approach to the discipline. An emphasis is placed on a solid theoretical background that assists in producing graduates who possess the capacity for clear analysis of issues from a range of economic perspectives.

The degree requires students to complete 144 units of courses typically taken over three years of equivalent full-time study. Generally, a semester length course carries a value of six units and, therefore, the degree requires completion of 24 such courses based on a pattern of four courses per full-time semester.

The degree consists of four components:

Economics major
Second economics-related major
Economic history requirement
Electives

Bachelor of Economics with honours

Alongside the courses in the economics major, an honours stream is offered commencing in second semester of first year. This stream is designed for (but not exclusive to) students whose performance in economics is at credit level or better. It aims to provide students with a deeper understanding of economic analysis and to impart greater confidence and capacity in addressing economic issues. Participation in the honours stream is important for students who may wish to work as professional economists or who want to go on to further study of economics at the fourth year or at graduate level. The honours stream involves an additional lecture and tutorial per week, plus an additional examination each semester. Students are able to enter, or leave, the honours stream at any stage during the major.

After the standard three-year program, students can undertake the Honours Year in a fourth year of study. Entry to the Honours Year is by invitation extended to high achieving students. Students who have attained a similar level of performance at another university are also eligible to enter the fourth honours year. Honours programs are offered in Applied Economics, Commerce, Econometrics, Economics, Economics/Econometrics, Economic History, Public Economics, and Statistics.

Requirements for entry into the honours program in each area are determined by the schools concerned and vary according to the particular area chosen. Interested students should obtain advice from the Honours Convener in the School of Economics.

Bachelor of Electronic Commerce

The Bachelor of Electronic Commerce degree is a three-year full-time (or part-time equivalent) program comprising 144 units drawing on material from the Faculty of Economics and Commerce and the Department of Computer Science. It also provides students with an opportunity to select material from other areas of the university. The degree is not available as a combined degree.

The program aims to provide students with knowledge in three main areas:

Business and commerce theory and practice, including accounting, marketing and legal knowledge.
E-commerce and technology knowledge, to support the development of e-commerce systems and solutions in business, including strategic planning, systems analysis and design and basic knowledge of programming, databases and networks for e-commerce.
Human and societal issues, including project and change management, human factors in computer use, adoption behaviour, ethical, legal and security issues in e-commerce, and societal impacts.

The program also provides:

Analytical and problem-solving skills required for the analysis of contemporary issues in business and commerce.
A framework and environment for learning to enable students to attain excellent communication, team-based and leadership skills.
A capacity and motivation for continued life-long learning.
Preparation for careers in both the private and public sectors, as e-commerce business analysts, product managers, development managers, marketing and security consultants.

Bachelor of Electronic Commerce with honours

Students who excel in the pass degree may be invited to undertake an honours year. The honours year extends the undergraduate material and focuses on highly complex, analytical and practical problems. Students undertake a program of advanced coursework and a research thesis. Students from other universities are also able to join the Honours Program after completing the pass degree requirements in their own institutions.

Students who are interested in the Honours Program should consult the Honours Coordinator in the School of Business and Information Management for advice.

Bachelor of Finance

The Bachelor of Finance is a specialist three-year full-time (or part-time equivalent) program comprising 144 units. The degree is not available as a combined degree.

Finance is concerned with the study of financial instruments, institutions, markets and systems. It involves the study of financial decision making under uncertainty, which has applications in many fields including banking, financial consulting and planning, funds management, merchant banking, stock broking and treasury.

The degree offers a rigorous program of training in the theory and applications of finance. The program involves a core in mainstream finance supplemented by studies in related quantitative techniques and methodologies, economics and management. Some studies from other areas of the University may be included in the program.

Bachelor of Finance with honours

Students who are interested in the Honours Program should consult the Honours Coordinator in the School of Finance and Applied Statistics for advice.

Combined Programs

The Faculty offers the following combined degree programs: Bachelor of Actuarial Studies/Bachelor of Commerce, Bachelor of Actuarial Studies/Bachelor of Economics and Bachelor of Commerce/Bachelor of Economics. Combined degree programs are also available in either Commerce or Economics with Arts, Asian Studies, Engineering, Information Technology, Law, Psychology, Science and Science (Forestry). A combined degree program in Actuarial Studies and Law is also available.

Students enrolling in combined programs must submit details of their proposed enrolment to both faculties before the commencement of the first teaching period of the year of first enrolment. Depending on the combination, full-time students must spend a minimum of four or five years to complete a combined program at pass level. Part-time students require a minimum of seven to nine years and part-time study is often inadvisable.

With approval, honours programs may be pursued in one or both faculties. With the exception of Law and Engineering, students will require one extra year in each faculty to complete the honours program of that faculty. Some schools require that certain courses, in addition to an appropriate major, be completed before the candidate is admitted to the honours year. Students should be aware that they might be required to complete an additional course(s) to qualify for admission to the honours year.

Details of combined programs are contained in the combined programs section of this Handbook.

DEGREE REQUIREMENTS

Bachelor of Actuarial Studies (BActS)

(Program code 3401)

The Bachelor of Actuarial Studies degree requires completion of 144 units including:

1. 96 units taken from courses listed in Schedule 1

2. Not more than 48 units at 1000 level

3. The compulsory courses:

(a) ECON1101 Microeconomics 1

(b) ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H)

(b) ECON2101/2111 Microeconomics 2 [(P) or (H)]

(d) BUSN1001 Business Reporting and Analysis

(e) BUSN1002 Accounting Processes and Systems

(f) the professional courses consisting of:

· STAT2032 Financial Mathematics

· STAT3035 Risk Theory

· STAT3036 Credibility Theory

· STAT3032 Survival Models

· STAT3037 Life Contingencies

· STAT3033 Actuarial Techniques 1

· STAT3038 Actuarial Techniques 2

(g) the following courses:

· STAT2001 Introductory Mathematical Statistics

· STAT2008 Regression Modelling or EMET2007 Econometric Methods

· STAT3004 Stochastic Modelling

4. In the combined degree program Bachelor of Actuarial Studies/Bachelor of Economics, STAT2008 Regression Modelling cannot be taken in satisfying the requirements of paragraph 3(g).

Bachelor of Commerce (BComm)

(Program code 3400)

The Bachelor of Commerce program requires completion of 144 units including:

1. At least 96 units taken from courses listed in Schedule 1 within the Faculty of Economics and Commerce

2. Not more than 60 units at 1000-level with not more than 12 of these units from courses not listed in Schedule 1

3. The following compulsory courses, unless already taken as part of a major under paragraph 5:

(a) BUSN1001 Business Reporting and Analysis

(b) ECON1102 Macroeconomics 1 or ECON1100 Economics 1(H)

(d) STAT1008 Quantitative Research Methods

4. Two of the following courses, unless already taken as part of a major under paragraph 5:

(a) BUSN1002 Accounting Processes and Systems

(b) INFS1001 Foundations of Electronic Commerce and Information Systems

(d) FINM1001 Money, Markets and Finance

5. One major taken from Schedule 3

6. In the combined degree program Bachelor of Commerce/Bachelor of Laws, the requirement in paragraph 4(c) is not avaialable.

7. In the combined degree program Bachelor of Commerce/Bachelor of Information Technology:

(a) The following courses from Schedule 1 cannot be included in satisfying the requirements of paragraph 1:

(i) INFS2024 Information Systems Analysis

(ii) INFS3024 Information Systems Management

(iii) INFS3059 Project Management and Information
Systems

(iv) EMET2007 Econometric Methods

(v) STAT2008 Regression Modelling

(b) The major in Business Information Systems cannot be taken in satisfying the requirements of paragraph 5.

8. In the combined degree program Bachelor of Commerce/Bachelor of Engineering, the major in Business Information Systems cannot be taken in satisfying the requirements of paragraph 5.

9. In the combined degree program Bachelor of Actuarial Studies/Bachelor of Commerce, an exemption is given from the requirement in paragraph 3(d).

Bachelor of Economics (BEc)

(Program code 3200)

The Bachelor of Economics degree requires completion of 144 units including:

1. At least 96 units taken from courses listed in Schedule 1

2. Not more than 48 units at 1000-level

3. The compulsory major in economics comprising:

(a) ECON1101 Microeconomics 1

(b) ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H)

(d) ECON2102/2112 Macroeconomics 2 [(P) or (H)]

(e) ECON3101 Microeconomics 3

(f) ECON3102 Macroeconomics 3

4. The second compulsory major comprising:

(a) EMET1001 Foundations of Economic and Financial Models

(b) STAT1008 Quantitative Research Methods

(d) ECON3103 International Economics

(e) Courses from Schedule 2 to a total value of at least 12 units

5. An approved course in the subject of Economic History from Schedule 1 of a value of at least 6 units.

6. In the Bachelor of Economics degree program, STAT2008 Regression Modelling cannot be taken in satisfying the requirement in 4 (c).

7. In the combined degree program Bachelor of Economics/Bachelor of Information Technology, the following courses from Schedule 1 cannot be taken in satisfying the requirements of paragraph 1:

(i) INFS2012 Business Information Systems

(ii) INFS2024 Information Systems Analysis

(iii) INFS3024 Information Systems Management

(iv) INFS3059 Project Management and Information Systems

8. In the combined degree program Bachelor of Actuarial Studies/Bachelor of Economics, an exemption is given from the requirement in paragraphs 4(a) and (b).

Bachelor of Electronic Commerce (BEComm)

(Program code 3402)

The Bachelor of Electronic Commerce program requires completion of 144 units including:

1. At least 96 units taken from courses listed in Schedule 1 within the Faculty of Economics and Commerce

2. Not more than 60 units at 1000-level with not more than 12 of these units from courses not listed in Schedule 1

3. The following compulsory courses:

(a) 1000-level courses:

(i) BUSN1001 Business Reporting and Analysis

(ii) INFS1001 Foundations of Electronic Commerce and Information Systems

(iii) BUSN1101 Introduction to Commercial Law

(iv) COMP1100 Introduction to Programming and
Algorithms

(v) ECON1101 Microeconomics 1

(vi) STAT1008 Quantitative Research Methods

(b) Later-year courses

(i) INFS2004 Electronic Business

(ii) INFS3002 Electronic Commerce Strategic Issues

(iii) INFS2024 Information Systems Analysis

(iv) INFS3024 Information Systems Management

(v) BUSN2010 Marketing

(vi) INFS3059 Project Management and Information
Systems

(vii) COMP2400 Relational Databases

(viii) And at least one of:

COMP3410 Information Technology in Electronic Commerce
COMP3400 Internet, Intranet and Document Systems

Bachelor of Finance (BFin)

(Program code 3408)

The Bachelor of Finance program requires completion of 144 units including:

1. At least 96 units taken from courses listed in Schedule 1 within the Faculty of Economics and Commerce

2. Not more than 60 units at 1000-level with not more than 12 of these units from courses not listed in Schedule 1

3. The following compulsory courses:

(a) 1000-level courses:

(i) BUSN1001 Business Reporting and Analysis

(ii) EMET1001 Foundations of Economic and Financial Models

(iii) ECON1102 Macroeconomics 1 OR ECON1100 Economics 1 (H)

(iv) ECON1101 Microeconomics 1

(v) FINM1001 Money, Markets and Finance

(vi) STAT1008 Quantitative Research Methods

(b) Later-year courses

(i) FINM2001 Corporate Finance

(ii) FINM2002 Financial Instruments and Risk
Management

(iii) FINM3002 International Financial Management

(iv) FINM3001 Investments

(v) ECON2101/2111 Microeconomics 2 [(P) or (H)]

(vi) STAT2008 Regression Modelling

(i) FINM3003 Continuous Time Finance

(ii) BUSN3015 Corporate Strategy

(iii) ECON3006/3016 Financial Economics [(P) or (H)]

(iv) STAT2032 Financial Mathematics

(v) BUSN3018/3019 International Business [(P) or (H)]

(vi) ECON2102/2112 Macroeconomics 2 [(P) or (H)]

(vii) ECON2026 Money and Banking

(d) One of the following quantitative courses

(i) EMET3007 Business and Economic Forecasting

(ii) EMET2008 Econometric Modelling

(iii) STAT2009 Generalised Linear Modelling

(iv) STAT3011 Graphical Data Analysis

4. In the Bachelor of Finance degree program, EMET2007 Econometric Methods cannot be taken in satisfying the requirement in 3(b)(vi).

Faculty Schedules

Schedule 1 -- List of Faculty Courses

Course Name	Course Code	Unit Value	Conditions
1000 Level -- First Year
Accounting and Financial Management	COMM1020	6	COMM1010 Financial Accounting Fundamentals or BUSN1001 Incompatible with BUSN1002 Accounting Processes and Systems
Accounting Processes and Systems	BUSN1002	6	BUSN1001 Business Reporting and Analysis, or COMM1010 Financial Accounting Fundamentals Incompatible with COMM1020 Accounting and Financial Management
Australian Economy	ECHI1006	6	Incompatible with ECHI1001 Australian Economy, ECH1003 Australian Economy (S) and ECHI1004 Australian Economy (S2)
Business and Economy in the Asia-Pacific Region	ECHI1005	6
Business Reporting and Analysis	BUSN1001	6	Incompatible with COMM1010 Financial Accounting Fundamentals
Economics 1 (H)	ECON1100	6	ECON1101 Microeconomics 1 Incompatible with ECON1001/1011 Economics I [(P)/(H)] and ECON1102 Macroeconomics 1 ECON1100 Economics 1 (H) may be taken as an alternative to ECON1102 Macroeconomics 1 and satisfies all prerequisites that would be satisfied by that course
Foundations of Economic and Financial Models	EMET1001	6	Incompatible with STAT1006 Quantitative Methods for Business and Economics 1
Foundations of Electronic Commerce and Information Systems	INFS1001	6	Incompatible with INFS2012 Business Information Systems
Introduction to Actuarial Studies	STAT1031	6
Introduction to Commercial Law	BUSN1101	6	Incompatible with COMM1101 Introduction to Commercial Law, ENGN4211 Engineering Law, LAWS1204 Contracts, and LAWS2210 Commercial Law
Macroeconomics 1	ECON1102	6	Completion of or concurrent enrolment in ECON1101 Microeconomics 1 Incompatible with ECON1001/1011 Economics I [(P)/(H)] and ECON1100 Economics 1 (H)
Microeconomics 1	ECON1101	6	Incompatible with ECON1001/1011 Economics I [(P)/(H)]
Money, Markets and Finance	FINM1001	6
Quantitative Research Methods	STAT1008	6	Incompatible with STAT1007 Quantitative Methods for Business and Economics 2 and STAT1003 Statistical Techniques 1

2000 and 3000 Level -- Later Year
Accounting Theory	BUSN3001	6	BUSN2015/COMM2015 Company Accounting Incompatible with COMM3001 Accounting Theory
Actuarial Control Cycle 1	STAT4031	6	Enrolment in Actuarial Studies IV (H)
Actuarial Control Cycle 2	STAT4032	6	STAT4031 Actuarial Control Cycle 1
Actuarial Techniques 1	STAT3033	6	Completion of or concurrent enrolment in STAT3037 Life Contingencies
Actuarial Techniques 2	STAT3038	6	STAT3033 Actuarial Techniques 1
Advanced Econometric Methods	EMET3011	6	EMET2008 Econometric Modelling
Advanced Marketing Research Methods	STAT3005	6	STAT2003 Marketing Research Methods
Applied Econometric Models	EMET3006	6	EMET2008 Econometric Modelling
Applied Statistics	STAT3008	6	72 units including STAT1003 Statistical Techniques or STAT1008 Quantitative Research Methods or STAT2008 Regression Modelling
Applied Tax Policy (P) Applied Tax Policy (H)	ECON2040 ECON2090	6 6	Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H) As for ECON2040 Applied Tax Policy (P)
Asian Giants: China, India and Japan: alternative paths to prosperity (P) Asian Giants: China, India and Japan: alternative paths to prosperity (H)	ECHI2119 ECHI2109	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], or ECHI1105 Understanding Economic Behaviour: Microeconomics for Social Scientists and ECHI1106 Understanding Economic Policy: Macroeconomics for Social Scientists, or 72 units As for ECHI2119 Asian Giants: China, India and Japan: alternative paths to prosperity (P)
Auditing	BUSN3002	6	BUSN2015/COMM2015 Company Accounting, and BUSN2101/COMM2101 Law of Business Entities Incompatible with COMM3002 Auditing
Australian Economic History (P) Australian Economic History (H)	ECHI2102 ECHI2112	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], or ECHI1105 or Understanding Economic Behaviour: Microeconomics for Social Scientists and ECHI1106 Understanding Economic Policy: Macroeconomics for Social Scientists As for ECHI2102 Australian Economic History (P)
Business and Economic Forecasting	EMET3007	6	EMET2007 Econometric Methods, or STAT2008 Regression Modelling
Business Ethics	BUSN3016	6	60 units including at least 48 units from Schedule 1 Incompatible with COMM3016 Business Ethics
Case Studies in Commerce	BUSN3059	6	Head of School approval Incompatible with COMM3059 Case Studies in Commerce
Company Accounting	BUSN2015	6	BUSN1002 Accounting Processes and Systems, or COMM1020 Accounting and Financial Management Incompatible with COMM2015 Company Accounting
Competition Policy, Privatisation and Regulation (P) Competition Policy, Privatisation and Regulation (H)	ECON2010 ECON2012	6 6	ECON2101/2111 Microeconomics 2 (P or H) As for ECON2010 Competition Policy, Privatisation and Regulation (P)
Consumers and Consumption in the Modern Economy (P) Consumers and Consumption in the Modern Economy (H)	BUSN2021 BUSN2022	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], or ECHI1105 Understanding Economic Behaviour: Microeconomics for Social Scientists and ECHI1106 Understanding Economic Policy: Macroeconomics for Social Scientists As for BUSN2021 Consumers and Consumption in the Modern Economy (P) Incompatible with ECHI2012/2022 Consumers and Consumption in the Modern Economy (P/H)
Continuous Time Finance	FINM3003	6	FINM2002/COMM2006 Financial Instruments and Risk Management or STAT2032 Financial Mathematics Incompatible with COMM3012 Continuous Time Finance
Corporate Finance	FINM2001	6	ECON1101 Microeconomics 1, or ECON1001/1011 Economics I (P or H) Incompatible with COMM2005 Corporate Finance
Corporate Strategy	BUSN3015	6	72 units including at least 48 units from Schedule 1 Incompatible with COMM3015 Corporate Strategy
Credibility Theory	STAT3036	6	STAT2001 Introductory Mathematical Statistics Incompatible with STAT3031 Risk Theory
Design of Experiments and Surveys	STAT3012	6	EMET2007 Econometric Methods or STAT2008 Regression Modelling or STAT2001 Introductory Mathematical Statistics
Development of Capital Markets (P) Development of Capital Markets (H)	ECHI3005 ECHI3015	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)] As for ECHI3005 Development of Capital Markets (P)
Development of Modern Business (P) Development of Modern Business (H)	ECHI2010 ECHI2020	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], or ECHI1105 Understanding Economic Behaviour: Microeconomics for Social Scientists and ECHI1106 Understanding Economic Policy: Macroeconomics for Social Scientists As for ECHI2010 Development of Modern Business (P)
Development, Poverty and Famine (P) Development, Poverty and Famine (H)	ECHI2003 ECHI2013	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)] As for ECHI2003 Development, Poverty and Famine (P)
Dynamic Econometrics	EMET3008	6	EMET2008 Econometric Modelling
Dynamics of Asian Business (P) Dynamics of Asian Business (H)	BUSN2023 BUSN2024	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], or Understanding Economic Behaviour: Microeconomics for Social Scientists and Understanding Economic Behaviour: Macroeconomics for Social Scientists As for BUSN2023 Dynamics of Asian Business (P) Incompatible with ECHI2023/2024 Dynamics of Asian Business (P/H)
Econometric Methods	EMET2007	6	Completion of or concurrent enrolment in ECON1101 Microeconomics 1 or ECON1001/1011 Economics I [(P)/(H)], and completion of EMET1001 Foundations of Economic and Financial Models and STAT1008 Quantitative Research Methods, or STAT1006 Quantitative Methods for Business and Economics 1 and STAT1007 Quantitative Methods for Business and Economics 2, or STAT2001 Introductory Mathematical Statistics Incompatible with STAT2008 Regression Modelling
Econometric Modelling	EMET2008	6	EMET2007 Econometric Methods or STAT2008 Regression Modelling, and ECON1101 Microeconomics 1 or ECON1001/1011 Economics I [(P)/(H)]
Economics 3 (H) (two semester course)	ECON3100	3 per semester	ECON2101/2111 Microeconomics 2 (P or H) and ECON2102/2112 Macroeconomics 2 (P or H) Incompatible with ECON3111 Economics III (H)
Electronic Business	INFS2004	6	INFS1001 Foundations of Electronic Commerce and Information Systems, or COMP1100 Introduction to Programming and Algorithms, or INFS2012 Business Information Systems Incompatible with INFS3060 Electronic Commerce
Electronic Commerce Strategic Issues	INFS3002	6	INFS2004 Electronic Business
Environmental Accountability and Reporting	BUSN3017	6	72 units Incompatible with COMM3017 Environmental Accountability and Reporting
Financial Economics (P) Financial Economics (H)	ECON3006 ECON3016	6 6	ECON2101/2111 Microeconomics 2 (P or H) As for ECON3006 Financial Economics (P)
Financial Instruments and Risk Management	FINM2002	6	FINM1001 Money, Markets and Finance or BUSN2005/COMM2005 Corporate Finance Incompatible with COMM2006 Financial Institutions and Risk Management
Financial Mathematics	STAT2032	6	EMET1001 Foundations of Economic and Financial Models or STAT2001 Introductory Mathematical Statistics
Financial Reporting by Corporations	BUSN3008	6	BUSN2015/COMM2015 Company Accounting Incompatible with COMM3008 Financial Reporting by Corporations
Generalised Linear Modelling	STAT2009	6	EMET2007 Econometric Methods or STAT2008 Regression Modelling
Globalisation and Regionalisation in the World Economy (P) Globalisation and Regionalisation in the World Economy (H)	ECHI2006 ECHI2016	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], As for ECHI2006 Globalisation and Regionalisation of the World Economy (P)
Graphical Data Analysis	STAT3011	6	72 units including STAT1008 Quantitative Research Methods, or STAT1003 Statistical Techniques, or STAT2008 Regression Modelling, or STAT1007 Quantitative Methods for Business and Economics 2
Health Economics	ECON3004	6	Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H)
History of Economic Thought (P) History of Economic Thought (H)	ECHI2005 ECHI2015	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)] As for ECHI2005 History of Economic Thought (P)
Industrial Organisation (P) Industrial Organisation (H)	ECON2107 ECON2057	6 6	Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H) As for ECON2107 Industrial Organisation (P)
Information Systems Analysis	INFS2024	6	INFS1001 Foundations of Electronic Commerce and Information Systems, or INFS2012 Business Information Systems, or COMP1100 Introduction to Programming and Algorithms
Information Systems Management	INFS3024	6	INFS2024 Information Systems Analysis, or COMP2400 Relational Databases
International Business (P) International Business (H)	BUSN3018 BUSN3019	6 6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], or ECHI2010/2020 Development of Modern Business (P or H), or BUSN2023/2024/ECHI2023/2024 Dynamics of Asian Business (P or H) As for BUSN3018 International Business (P) Incompatible with ECHI3006/3007 International Business
International Economics	ECON3103	6	ECON2101/2111 Microeconomics 2 (P or H) and ECON2102/2112 Macroeconomics 2 (P or H)
International Financial Management	FINM3002	6	FINM2001/COMM2005 Corporate Finance or ECON3006/3016 Financial Economics (P or H) Incompatible with COMM3005 International Financial Management
Introductory Mathematical Statistics	STAT2001	6	12 units of mathematics 1000-level courses including either MATH1003 or MATH1013, or current enrolment in the Bachelor of Actuarial Studies
Investments	FINM3001	6	COMM2005 Corporate Finance, or FINM2001 Corporate Finance and COMM2006 Financial Instruments and Risk Management Incompatible with COMM3011 Investments
Japanese Economy and Economic Policy	ECON2008	6	Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H)
Labour Economics and Industrial Relations (P) Labour Economics and Industrial Relations(H)	ECON2009 ECON2059	6 6	Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H) As for ECON2009 Labour Economics and Industrial Relations (P)
Law and Economics (P) Law and Economics (H)	ECON2120 ECON2139	6 6	Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H) As for ECON2120 Law and Economics (P)
Law of Business Entities	BUSN2101	6	BUSN1101/COMM1101 Introduction to Commercial Law Incompatible with COMM2101 Law of Business Entities and LAWS2203 Corporations Law
Life Contingencies	STAT3037	6	Completion of or concurrent enrolment in STAT2032 Financial Mathematics
Macroeconomics 2 (P) Macroeconomics 2 (H)	ECON2102 ECON2112	6 6	ECON1101, or Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], As for ECON2101 Macroeconomics 2 (P)
Macroeconomics 3	ECON3102	6	ECON2101/2111 Microeconomics 2 (P or H) and ECON2102/2112 Macroeconomics 2 (P or H)
Management Accounting	BUSN2011	6	BUSN1002 Accounting Processes and Systems or COMM1020 Accounting and Financial Management Incompatible with COMM2011
Management Decision Making	BUSN3003	6	BUSN2011/COMM2011 Management Accounting Incompatible with COMM3003 Management Decision Making
Managerial Decision Analysis	STAT3014	6	72 units including STAT1008 Quantitative Research Methods, or STAT1003 Statistical Techniques, or STAT1007 Quantitative Methods for Business and Economics
Marketing	BUSN2010	6	ECON1101 Microeconomics 1, or ECON1001/1011 Economics I (P or H), or completion of 48 units Incompatible with COMM2010 Marketing
Marketing Models	ECON3012	6	BUSN2010/COMM2010 Marketing
Marketing Research Methods	STAT2003	6	STAT1008 Quantitative Research Methods, or STAT1003 Statistical Techniques, or STAT1007 Quantitative Methods for Business and Economics 2
Mathematical Economics	ECON3121	6	ECON2125 and 2127 Mathematics for Economists A and B, and ECON2101/2111 Microeconomics 2 (P or H) and ECON2102/2112 Macroeconomics (P or H) Incompatible with ECON2121/2122 and ECON2023/2024 Mathematical Economics 1A/1B [(P)/(H)]
Mathematics for Economists A	ECON2125	6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], and EMET1001 Foundations of Economic and Financial Models, or STAT1006 Quantitative Methods for Business and Economics 1
Mathematics for Economics B	ECON2127	6	ECON2125 Mathematics for Economists A
Microeconomics 2 (P) Microeconomics 2 (H)	ECON2101 ECON2111	6 6	ECON1101 Microeconomics 1, or ECON1001/1011 Economics I [(P)/(H)], As for ECON2101 Microeconomics 2 (P)
Microeconomics 3	ECON3101	6	ECON2101/2111 Microeconomics 2 (P or H)
Money and Banking	ECON2026	6	ECON1102 Macroeconomics 1, or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I (P or H), and completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H) Incompatible with ECON2076 Money and Banking (H)
Organisational Behaviour	BUSN2007	6	BUSN1001Business Reporting and Analysis, or COMM1010 Financial Accounting Fundamentals Incompatible with COMM2007/3007 Organisational Behaviour
Organisational Performance Management	BUSN3013	6	BUSN2011/COMM2011 Management Accounting Incompatible with COMM3013 Organisational Performance Management
Poverty, Public Policy and Development (P) Poverty, Public Policy and Development (H)	ECHI3004 ECHI3014	6 6	ECON2101/2111 Microeconomics 2 (P or H) As for ECHI3004 Poverty, Public Policy and Development (P)
Principles of Taxation Law	BUSN3014	6	BUSN1101/COMM1101 Introduction to Commercial Law Incompatible with COMM3014 Principles of Taxation Law and LAWS2221 Income Tax
Project Management and Information Systems	INFS3059	6	INFS3024 Information Systems Management
Public Economics -- Theory (P) Public Economics -- Theory (H)	ECON2131 ECON2132	6 6	Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H) As for ECON2131 Public Economics -- Theory (P)
Public Sector Accounting	BUSN3006	6	ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I [(P)/(H)], and BUSN2015/COMM2015 Company Accounting, and BUSN2011/COMM2011 Management Accounting Incompatible with COMM3006 Public Sector Accounting
Regression Modelling	STAT2008	6	STAT1008 Quantitative Research Methods, or STAT1003 Statistical Techniques, or STAT2001 Introductory Mathematical Statistics, or STAT1007 Quantitative Methods for Business and Economics 2 Incompatible with EMET2007 Econometric Methods
Resource and Environmental Economics	ECON2128	6	Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H)
Risk Theory	STAT3035	6	STAT3004 Stochastic Modelling Incompatible with STAT3031 Risk Theory
South East Asian Economic Policy and Development (P) South East Asian Economic Policy and Development (H)	ECON3009 ECON3019	6 6	ECON2101/2111 Microeconomics 2 (P or H) and ECON2102/2112 Macroeconomics 2 (P or H) As for ECON3009 South East Asian Economic Policy and Development (P)
Special Topics in Actuarial Studies	ACTS3001	6	Head of School approval

Part 3 The Faculty of Economics and Commerce

The Faculty of Economics and Commerce

Contents