Business and Information Management 339
Finance and Applied Statistics 339
Bachelor of Actuarial Studies 340
Bachelor of Electronic Commerce 341
Bachelor of Actuarial Studies 342
Bachelor of Electronic Commerce 342
Schedule 1 -- List of Faculty Courses 344
Schedule 2 -- Bachelor of Economics elective courses for the second major 347
Schedule 3 -- Bachelor of Commerce majors 348
Dean: Professor T.J. Brailsford, MEc PhD Monash FCPA FAIM AIBF(Snr)
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.
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.
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.
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.
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.
Applications for status may be considered under the following categories:
Applications for status are considered on a case-by-case basis and restrictions apply.
Inquiries concerning status should be directed to the Faculty Office.
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.
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.
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.
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.
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.
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:
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 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.
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.
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.
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/
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
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.
T.J. Brailsford, MEc PhD Monash FCPA FAIM AIBF(Snr)
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.
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.
T. J. O'Neill, BSc Adel., MS, PhD Stanford, AStat
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.
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.
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.
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:
Alternatively, students may choose to take courses outside of the Faculty's offerings such as a language, arts or science-related courses.
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.
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:
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.
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:
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.
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.
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 Finance and Applied Statistics for advice.
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.
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
(b) ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H)
(b) ECON2101/2111 Microeconomics 2 [(P) or (H)]
(c) ECON2102/2112 Macroeconomics 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
· STAT3033 Actuarial Techniques 1
· STAT3038 Actuarial Techniques 2
· 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).
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
(c) BUSN1101 Introduction to Commercial Law
(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).
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:
(b) ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H)
(c) ECON2101/2111 Microeconomics 2 [(P) or (H)]
(d) ECON2102/2112 Macroeconomics 2 [(P) or (H)]
4. The second compulsory major comprising:
(a) EMET1001 Foundations of Economic and Financial Models
(b) STAT1008 Quantitative Research Methods
(c) EMET2007 Econometric 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).
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:
(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
(vi) STAT1008 Quantitative Research Methods
(i) INFS2004 Electronic Business
(ii) INFS3002 Electronic Commerce Strategic Issues
(iii) INFS2024 Information Systems Analysis
(iv) INFS3024 Information Systems Management
(vi) INFS3059 Project Management and Information Systems
(vii) COMP2400 Relational Databases
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:
(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
(i) FINM2001 Corporate Finance
(ii) FINM2002 Financial Instruments and Risk Management
(iii) FINM3002 International Financial Management
(v) ECON2101/2111 Microeconomics 2 [(P) or (H)]
(vi) STAT2008 Regression Modelling
(c) Three of the following related courses
(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).