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Faculty of Economics and Commerce : Guide to courses
Students who have reached the required standard must make a formal application to the General Manager for admission to fourth-year honours. Those who seek entry to fourth-year honours must ascertain from the head of the relevant department whether any additional work or special subjects will be required at third-year level. If planning to change specialisation, students should consult the head of the appropriate department for advice on any required additional work.
To be eligible for consideration applicants must have achieved an average mark of H2B in at least four subjects at level-3 in the intended area of specialisation (including subjects nominated by the department as relevant to the discipline). In addition, students must obtain a mark of H2B or better in three of the four subjects. Selection into honours is at the discretion of the relevant Head of Department.
Intending honours students should lodge a formal application with the General Manager, using the form obtainable from the Faculty Office, no later than the last Friday of November.
The Accounting and Finance honours program has been developed with four major specialisations:
Financial Accounting
Managerial Accounting
Finance
Accounting Information Systems
In the honours year (fourth year), students may undertake an approved program of study in any one of the above specialisations or, alternatively, may undertake a combination of specialisations, constituting a general honours program. Each of the honours specialisations has a compulsory core subject (see below), which will have prerequisites at the third-year (and perhaps second-year) level. It is also recommended that 316-316 Basic Econometrics, 316-317 Econometrics or 316-352 Quantitative Business Analysis is completed prior to fourth-year honours study.
Students are required to complete the equivalent of eight subjects in fourth-year honours. The Research Essay counts for two subjects. Compulsory subjects for all honours year students in Accounting and Finance are:
306-466 Research Methods in Accounting and Finance; and
306-467 Accounting and Finance Research Essay (double subject)
The remaining five subjects should be chosen to include at least one of the following core subjects and four other subjects which complement the specialisation. The remaining subjects can be chosen from any subjects taught within the Faculty or subjects chosen from another Faculty as approved by the head of the department. Normally no more than two subjects chosen from level-3 and level-8 offerings can be included in the program of study.
The core subjects for the respective honours specialisations are:
By the end of their third year, candidates must have completed the requirements for the pass degree. In addition, they must have achieved a grade of H2B or better in at least three relevant subjects at level-3, and have an average mark of at least H2B in at least four subjects at level-3. (A list of relevant subjects is available from the Centre for Actuarial Studies.) Candidates must have a grade of H2B or better in at least one of the following subjects:
In their fourth year, candidates must complete the following subjects:
Candidates must complete at least one other level-4 subject taught by the Faculty of Economics and Commerce. Two additional subjects must be taken at level-3 or level-4, chosen from within or outside the Faculty of Economics and Commerce. However, by the end of four years a candidate must have completed at least two of the following subjects:
Plus one of:
Two additional approved subjects with a 316 prefix from the full list of level-3 Economics subjects.
Four approved level-2 or level-3 subjects from the course for the pass degree (may include further Economics subjects; combined Law/Commerce students may take an approved Law subject in place of two of these subjects).
The following subjects must all be taken during either third year or fourth year:
Students are strongly advised to give early consideration to a topic for their fourth-year research essay. They should obtain approval for it from an adviser by the start of fourth year.
In the fourth year students must undertake the following subjects:
Three level-4 Economics subjects
Two approved level-3 or level-4 subjects taught in the Faculty of Economics and Commerce or an approved outside subject. Combined Law/Commerce students may take an approved Law subject. Students who have not taken International Economics, Macroeconomics and either Basic Econometrics or Econometrics should ensure that they are included in their fourth year.
The approved order of subjects is set out below. Students who commenced the course in 1997 or earlier may elect to continue in accordance with the order of subjects set out on page 309 of the 1997 University Handbook.
316-301 International Economics, 316-312 Macroeconomics, 316-313 Microeconomics, and 316-316 Basic Econometrics or 316-317 Econometrics plus
Two approved level-3 subjects from the Commerce pass degree (including further level-3 Economics subjects if desired) and one Law subject (25 points)
Note: Permission may be granted to replace two level-three Economics subjects with an approved law subject, provided two level-three Economics subjects are then taken in fourth year.
316-468 General Equilibrium and Welfare Economics plus another level-4 Economics subject
Two further level-4 Economics subjects
One approved Law subject (25 points)
Students intending to undertake honours in Accounting and Finance/Economics must take eight subjects which include the following:
One of 316-301 International Economics, 316-312 Macroeconomics, 316-316 Basic Econometrics or 316-317 Econometrics.
Two additional approved subjects from the full list of level-3 Economics subjects.
One of 306-301 Financial Accounting, 306-302 Managerial Accounting, 306-331 Investments or Accounting Information Systems and one further level-3 subject in Accounting and Finance.
Students studying a combined Accounting and Finance and Economics honours may choose to undertake their research essay in either department.
Students who choose to do the subject 306-467 Accounting and Finance Research Essay must also take:
and one of:
plus
and one other level-4 economics subject
plus
One level-3 or level-4 subject from the Department of Accounting and Finance
One level-3 or level-4 subject from the Department of Economics
Students who choose to do the subject 316-475 Economics Research Essay must also take:
and
two Honours level subjects approved by the Head of Accounting and Finance
plus
One level-4 subject from the Department of Economics and
One level-3 or above subject from the Department of Economics and
One level-3 or above subject from the Department of Accounting and Finance
By the end of the fourth year, students must have completed the subjects 316-301 International Economics and 316-312 Macroeconomics and 316-316 Basic Econometrics or 316-317 Econometrics.
The Management honours program has been developed with two major specialisations
Management and Industrial Relations
Business Strategy
Students must include at least two level-3 subjects offered by the Department of Management in their best four calculation.
In the honours year (fourth year) students may undertake an approved program of study in one of the above specialisations, or, alternatively, may take a combination of the two specialisations.
Each of the specialisations has a compulsory requirement (see below) which will have prerequisites at the third year (and perhaps second-year) level.
Students are required to complete the equivalent of eight subjects in fourth-year honours. The Research Essay counts for three subjects.
Students undertaking honours in Management must take the following subjects:
The remaining two subjects must be chosen from any other subjects taught by the Faculty as approved by the Head of Department. No more than one level-3 subject can be included in the program of study.
Students undertaking honours in Business Strategy must take the following subjects:
The remaining three subjects must be chosen from other subjects taught by the Faculty as approved by the Head of Department. No more than one level-3 subject can be included in the program of study.
| Third year | |
|---|---|
| Students intending to take honours in Management and Accounting and Finance must have taken both 306-301 Financial Accounting and 306-302 Managerial Accounting, together with at least two of the following Management subjects: | |
| 325-302 Strategic Marketing | |
| 325-303 International Management | |
| 325-304 Organisational Analysis | |
| 325-305 Management Strategy | |
| 325-308 Industrial Relations | |
| 325-331 Comparative Industrial Relations | |
| 325-334 Contemporary Development in Work and Employmnt | |
| plus additional accounting subjects to complete associate sequence requirements. | |
Entry into the Honours year will be based on student performance in any two subjects from the approved third year subjects listed by the Department of Management and any two subjects from the approved third-year subjects listed by the Department of Accounting and Finance.
| Fourth year | |
|---|---|
| Either | |
| 306-467 Accounting and Finance Research Essay | |
| or | |
| 325-403 Management Research Essay | |
| Students taking the Accounting and Finance Research Essay must also take: | |
| 306-466 Research Methods in Accounting and Finance | |
| One of the prescribed subjects from Group A, two of the prescribed subjects from Group B and one level-3 or level-4 subject from the Department of Management and one other subject approved by the Head of the Department of Accounting and Finance. | |
| Students taking the Management Essay must also take: | |
| two of the prescribed subjects from each of Groups A and B. | |
| One level-3 or level-4 subject from the Department of Accounting and Finance. | |
| plus | |
| One level-3 or level-4 subject from the Department of Management. | |
| Group A | |
| 306-461 Advanced Financial Accounting | |
| 306-462 Advanced Managerial Accounting | |
| 306-463 Advanced Finance | |
| 306-464 Advanced Information Systems | |
| Group B | |
| 325-401 Advanced Organisational Behaviour | |
| 325-402 Advanced Human Resource Management | |
| 325-465 Advanced Industrial Relations | |
| 325-472 Trends in Business Organisation | |
| 325-480 Special Topics In Business Strategy | |
Search : Index : Faculty of Economics and Commerce
Prev 11. Combined and double degrees
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Status: Official 1999 Last Modified: Tuesday October 20 11:49 SGML to HTML Conversion: Information Technology Services Authorised by: Academic Registrar Email Enquiries: Course_Information@registrar.unimelb.edu.au