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Faculty of Economics and Commerce : Guide to courses
The Bachelor of Commerce course has as its objectives that graduates:
understand basic concepts and institutional arrangements underlying operations of the Australian economy;
can communicate effectively especially on matters of economics and commerce, and have skills in written, oral and electronic communication that are necessary for the pursuit of a career in the professions or disciplines in commerce;
possess skills in the basic quantitative methods and information technologies as used in the study of the economy, commerce and government;
can analyse and solve problems and are committed to seeking solutions in a scholarly manner by reference to observable data and a knowledge of the behaviour of groups in the economy;
critically understand the economy, commerce and business and the need to manage the economy for the benefit of all groups in society;
have a capacity and motivation for continued learning;
have a basic level of knowledge and skills in several disciplines and a more specialised level of knowledge and skills in one or more disciplines taught in the faculty: accounting, actuarial studies, econometrics, economics, finance, management, industrial relations, human resource management, marketing and management information systems.
The Bachelor of Commerce pass degree is usually taken full time over three years and part time over six years. Full time students are expected to take four subjects per semester for six semesters. No more than eight years can be taken to complete the BCom.
Students must accumulate a minimum (and maximum) of 300 points which must:
include between 87.5 and 125 level-1 points, 50 of which must be Commerce points.
include at least 75 level-3 points, of which 50 must be Commerce points.
include the four compulsory subjects, see Compulsory subjects.
include a total of at least 200 Commerce points, see Commerce and non-Commerce subjects.
Students may not enrol in level-2 Commerce subjects until they have completed or gained credit for at least 75 level-1 points. Students may not enrol in level-3 Commerce points until they have completed or gained credit for at least 175 level-1 and level-2 points. All Economics and Commerce subjects are worth 12.5 points.
Students must pass prerequisite subjects before they will be permitted to proceed.
The 300 points required for the BCom must include the following four compulsory subjects totalling 50 points:
316-101 Introductory Macroeconomics
316-102 Introductory Microeconomics
either
316-130 Quantitative Methods 1 (or approved equivalent) and 316-206 Quantitative Methods 2
or
316-129 Business Statistics or 316-205 Introductory Econometrics
Students must take two subjects in statistics as part of the Commerce degree. Students with a limited background in mathematics should take the pair of subjects 316-130 Quantitative Methods 1 and 316-206 Quantitative Methods 2. The alternative pair of subjects is 316-129 Business Statistics and 316-205 Introductory Econometrics. These subjects cover a similar syllabus to those of Quantitative Methods 1 and 2 but the treatment is more mathematical. The Business Statistics/Introductory Econometrics sequence is designed primarily for students with an aptitude for mathematics. Such students are also encouraged to take a first-year mathematics subject. Students who intend to specialise in econometrics in the degree must take 316-129 and 316-205.
Students taking a sequence in Actuarial Studies enrol in 620-201 Probability and 620-202 Statistics taught by the Faculty of Science instead of two statistics subjects taught by the Faculty of Economics and Commerce. This option is also open to other Commerce students. Combined Commerce/Science students, in particular, may find this option attractive. Students are reminded, however, to note the first-year prerequisites for 620-201 Probability.
Commerce subjects are those taught within the Faculty of Economics and Commerce by the Departments of Accounting and Finance (306- prefix), Economics (316- prefix) and Management (325- prefix), the Centre for Actuarial Studies (300- prefix) and the Business Law subjects (732- prefix) taught by the Faculty of Law. All subjects taught by other faculties, with the exception of Business Law subjects, are considered non-Commerce. Students may include up to 100 non-Commerce points within the BCom. For example, students with a mathematical inclination are encourage to take a first-year subject taught by the Department of Mathematics and Statistics.
Students wishing to undertake a Psychology major as part of the BCom degree are exempt from 512-220 Quantitative Methods for Psychology 2 on the basis of having completed 316-206 Quantitative Methods 2 or 316-205 Introductory Econometrics and are permitted to count 512-320 Advanced Quantitative Methods in Psychology 3 as Commerce points.
The following guidelines apply to the granting of permission to overload.
Students who have failed two or more subjects in their first year will not be given permission to overload in their second year.
Students who have failed one subject in their first year may be given permission to overload in their second year, provided they have passed all subjects in the previous semester (or two semesters in the case of a part-time student).
Third year students who require one or two additional subjects to complete the degree in the year in question will automatically be granted permission to overload, provided that no more than one additional subject is taken per semester.
Students will not be permitted to exceed a total of 24 subjects in the degree course. Permission to overload will only be granted if the Faculty believes that the student has the ability to pass all the subjects in the overloaded course, and that the overload will not result in a substantially diminished performance in the course.
Students who have successfully completed 306-103 Accounting 1A and/or 306-104 Accounting 1B through MUPHAS or AAF1022 and/or AAF1032 through the Monash Enhancement program are eligible to apply for credit towards the BCom. Students who have achieved a BOS score of 44 or above in VCE Units 3 and 4 Accounting are eligible to apply for an exemption from 306-103 Accounting 1A.
Students who have achieved a score of 6 or above in the IB Higher Level Economics are eligible to apply for an exemption from 316-102 Introductory Microeconomics.
Students commencing the BCom with previous, uncompleted university studies may be given credit for up to 150 points towards the BCom. Credit will only be given for subjects successfully completed, which in the opinion of the Faculty, are equivalent to those subjects permitted to be undertaken as part of the BCom. Students who have undertaken studies at other institutions must complete, or be granted credit for, the four compulsory subjects, and must complete at least 50 level-300 points within the Faculty in order to be eligible to graduate.
Graduates admitted to the BCom course will receive credit for a maximum of 100 points. A diplomate with a three year qualification may receive credit for up to 100 points as approved by the General Manager.
Students wishing to apply for credit or an exemption should consult the Faculty's Credit and Exemptions Policy and Procedure brochure available from the Faculty Office.
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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