Economics

Bachelor degree

The Bachelor of Economics is all about exploring the principles our economy is built on, and analysing decisions in a commercial context. Learn to think analytically, solve problems logically, and make informed commercial decisions.

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ATAR

90

Note Estimated Lowest Selection Rank

86

Note Monash guarantee for 2022 entry

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2022
Economics - B2031

Economics - B2031

Economics is the science of decision-making and the key to unlocking how the world works – from the consumption of goods and services, to changes in employment rates or living standards. Economics is at the heart of how society operates and it impacts how we spend, save, work and live.

In a Bachelor of Economics, you’ll learn how to use data to make better business decisions, study the impact of individual economic choices, and build an in-depth understanding of the way local, national and global economies function.

You’ll study a broad range of areas – such as human behaviour, development, policy and business – and learn to bring this information together to form valuable insights.

With a strong understanding of how decisions affect individuals, organisations and governments, you’ll be in a better position to influence change at all levels of society. The latest economic theories and analytical tools will also allow you to identify and communicate the impact of government policies, both domestically and on a global scale.

At a glance

Subject prerequisites

English	Maths	Sciences / Other
Tick	Tick	N/A

View specific scores and subjects

Location	On-campus at Clayton: Full time & part time
Duration	3 years (full time) 6 years (part time)
Start date	First Semester (February)

Fees

Information about fees

Course Handbook

Overview
Entry requirements
Course structure
Double degree
Applications and Fees

This degree will give you an analytical skill set. You can further focus your study by following one of two streams: Economics and economic policy, or Mathematical economics and econometrics.

Economics and economic policy: Understand the bigger economic picture – from how goods and services are consumed, to changes in employment rates. You’ll learn to apply economic theories and analytical tools to the economy, and identify the effects of domestic and international government policies.
Mathematical economics and econometrics: If you’re more interested in the numbers behind the economic theories, this stream could be the one for you. You’ll learn how to analyse and interpret econometric and mathematical data, and apply your findings in a range of contexts, including financial investment, production, taxes, and government expenditure and policies.

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"The wide range of subjects gives you different perspectives, not only on how economics works, but on different ways of thinking about solving problems." - Ben Muratore (Bachelor of Economics)

Entry Requirements (Domestic students)

You need to satisfy all of the following requirements to be considered for entry into this course.

Qualifications

Equivalent Australian Year 12

Recent secondary education

ATAR requirements

ATAR

90

Note Estimated Lowest Selection Rank

86

Note Monash guarantee for 2022 entry

Subject prerequisites

All applicants must satisfy the following prerequisites or their equivalents.

Australian VCE subjects

English

Units 3 & 4: a study score of at least 27 in English (EAL) or 25 in English other than EAL

Maths

Units 3 & 4: a study score of at least 25 in one of Mathematical Methods (any) or Specialist Mathematics

Sciences/Other

N/A

IB subjects

English

At least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL

Maths

At least 4 in Mathematics SL or 3 in Mathematics HL or 3 in Further Mathematics HL

Sciences/Other

N/A

VET Study

All applicants must satisfy the equivalence of the VCE subject prerequisites.

VET Certificate IV, Diploma or Advanced Diploma graduates:

Applicants will require a minimum of 70% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. Programs that involve competency-based assessment without grades or marks will not meet the admission requirements.

For Monash College Diploma students, refer to Monash College Diploma destination degrees.
For Monash University Foundation Year students, refer to Monash University Foundation Year destination degrees

Entire academic record
This course uses the entire academic record as part of its selection considerations.

Higher education

Applicants will require a minimum 70% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. A minimum of two single units must be completed in order to meet minimum admission requirements.

All applicants must satisfy the equivalence of the VCE subject prerequisites.

Entire academic record
This course uses the entire academic record as part of its selection considerations.

Work and life experience

Multiple pathways to this course

Applicants who have successfully completed Year 12 are eligible to apply for this course.

Applicants with no formal secondary or tertiary qualifications are not eligible to apply for this course. This course uses the entire academic record as part of its selection considerations.

There are many ways to gain entry to a course at Monash. If you don't meet our entry requirements, there are pathways to help. More about alternative pathways...

Additionally, we recognise that some applicants may have experienced difficulties that have disadvantaged them when applying for university. We offer a range of special admissions schemes that may help you gain entry to your chosen course, including pathways for Australian Aboriginal and/or Torres Strait Islander students. .More about special admissions schemes...

All applicants must satisfy the equivalence of the VCE subject prerequisites

Alternative qualifications and prerequisites

For other domestic and international qualification entry requirements and scores for this course use the study credit and admissions eligibility search.

English requirements

Applicants must also meet the English language requirements.

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

Extra Requirements

Applicants are strongly advised to complete the VTAC Personal Statement.This ensures all relevant information is considered in the selection process.

The course develops through the four themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience, and elective study.

A. Foundation commerce knowledge

B. Specialist discipline knowledge

C. Capstone experience

D. Free elective study

Partner with another course

Double degree courses allow you to study towards two different degrees at the same time, and graduate with two separate qualifications. And because a required subject in one course can count as an elective in the other, our double degrees take up to two years less than if you studied for the two degrees separately.

Commerce and Economics

Making the application

Future students

Semester one (February)

Applications for on campus studies should be made online through the Victorian Tertiary Admissions Centre

Apply through VTAC

Current Monash students

You may apply to transfer from another Monash course. Transfers are a competitive process. You may apply mid-year for available courses however consideration will be given as to whether you will be able to follow your course progression.

Please note that if you apply for a course transfer, you should still enrol in your current course as if you were continuing so as not to jeopardise your enrolment in the Faculty if your transfer application is unsuccessful. More about Course Transfer...

Self assess for credit eligibility

Check for study credit using the "Credit search" link on the Credit for prior study page

Fees

Fees are subject to change annually.

Commonwealth supported place (CSP)

The average annual student contribution amount is:

A$13,500

Note: see information on how average fee is calculated.

Fee assistance

As a Commonwealth supported student, you may be able to either:

pay all of your student contribution upfront, or
defer payment through the HECS HELP loan scheme.

Full fee

Fees are per 48 credit points which represents a standard full-time course load for a year.

A$31,700

Scholarships

We offer over 360 types of scholarships, valued at up to $280,000. Some scholarships offer one-off payments while others continue for the length of your course. Learn more about Monash Scholarships.