Faculty of Arts

Table of Contents

1. Faculty of Arts requirements
2. Prerequisites
3. Requirements for a major
4. Entry to honours
5. Honours requirements
    5.1. Pure honours
    5.2. Combined honours
6. For more information


The Department of Economics in the Faculty of Economics and Commerce offers a selection of subjects, a major and an honours program in economics to Bachelor of Arts students.

1. Faculty of Arts requirements

Students undertaking the Bachelor of Arts are permitted to enrol in a range of subjects offered by other faculties, but must complete a minimum of 50 points of first year subjects and 100 points of second/third year subjects in areas of study approved by the Faculty of Arts. See Arts-approved subject requirement for more information.

BA students wishing to undertake a major in economics will need to plan their course carefully to ensure they meet both departmental prerequisites and faculty requirements.

Combined course students will not usually be eligible to enrol in any subjects from this area of study: please consult a Faculty of Arts course adviser for more information.

2. Prerequisites

Students intending to major in economics should note that Mathematical Methods is a prerequisite for 316-130 Quantitative Methods 1. Introductory Microeconomics and Macroeconomics must be taken before entering second year Intermediate Microeconomics and Macroeconomics.

3. Requirements for a major

A major in economics in the Bachelor of Arts degree usually consists of ten 12.5 point subjects totalling 125 points. It comprises:

First year
 316-102 Introductory Microeconomics1, repeat 2
 316-101 Introductory Macroeconomics1, repeat 2
 316-130 Quantitative Methods 11, repeat 2
Second year
 316-201 Intermediate Macroeconomics2
 316-202 Intermediate Microeconomics1, repeat Summer
 and one of: 
 316-205 Introductory Econometrics1
 316-206 Quantitative Methods 21, repeat 2, Summer
Third year
 Four of the following optional subjects: 
 316-208 Economics of the Environment2
 316-210 Competition and Strategy2
 316-301 International Trade Policy1
 316-302 Economic Development1
 316-303 Industrial Economics2
 316-304 Social EconomicsNot Offered
 316-306 Money and Banking1
 316-307 Labour Economics1
 316-309 Agricultural Economics2
 316-312 Macroeconomics2
 316-313 Microeconomics1
 316-316 Basic Econometrics1
 316-317 Econometrics1
 316-318 Applied Microeconometric Modelling2
 316-319 Economic Development of East AsiaNot Offered
 316-321 Chinese EconomyNot Offered
 316-324 Environmental EconomicsNot Offered
 316-325 Ecological Economics2
 316-326 Economic Analysis & Policy2
 316-327 Business Applications of EconomicsNot Offered
 316-328 Marketing Economics1
 316-329 The Economics of Taxation1
 316-330 Organisations, Economics and Incentives2
 316-335 Economics of the Law1
 316-350 Time Series Analysis and Forecasting2
 316-351 Economics of Financial Markets2
 316-352 Quantitative Business Analysis2

4. Entry to honours

The prerequisites for entry to fourth year honours in economics are:

The Faculty of Arts will not admit to honours a candidate who has previously graduated Bachelor of Commerce (honours or ordinary degree).

For details of honours enrolment and third year requirements, please refer to the requirements set out in the Faculty of Economics and Commerce entry in this volume of the Handbook (see Economics).

5. Honours requirements

Honours coordinator: Dr R Dixon

5.1. Pure honours

Students undertaking pure honours in economics must complete:

Fourth year
 316-402 Advanced Microeconomics2
 316-403 Advanced Macroeconomics1
 316-475 Economics Research EssayResearch
 By the end of the honours year students must have completed at least one level-300 or level-400 econometrics subject in addition to: 
 316-316 Basic Econometrics1
 or 
 316-317 Econometrics1
 That is, one of: 
 316-318 Applied Microeconometric Modelling2
 316-350 Time Series Analysis and Forecasting2
 316-401 MicroeconometricsNot Offered
 316-449 Financial Econometrics2
 316-470 Econometric Techniques1
 Students must also complete three other subjects at, normally, level-400 (four other subjects are needed if the econometrics requirement has been satisfied in third year) 

Students may choose up to two level-300 economics subjects (to include an econometrics subject) and one subject from another department within the university with the course convenor's approval.

Students who take 316-469 Financial Economics cannot include 316-351 Economics of Financial Markets in their final honours year program.

5.2. Combined honours

It is possible to combine honours in economics with several areas of study, for example economics and history, economics and philosophy, and economics and political science. Other combinations may be considered. In all cases, candidates are required to obtain approval from the heads of department concerned and the Faculty of Arts. Any student interested in undertaking combined honours should contact the Faculty of Arts for more information.

6. For more information

The Department of Economics
Fifth Floor, Economics and Commerce Building
The University of Melbourne
Victoria 3010
Tel. +61 3 8344 5289
Fax. +613 8344 6899


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