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.

Show more

At a glance

Course Details

Location
  • On-campus at Clayton: Full time
Duration
  • 3 years (full time)
Start date
First Semester (February), Second Semester (July), November Intake
Course Handbook

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.

"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

Entry Requirements (International students)

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

At the time of enrolment in a course at Monash University, you must be at least 17 years of age.

View all minimum age requirements.

All Monash undergraduate courses require you to have successfully completed a minimum of an Australian Year 12 qualification (or equivalent) and achieve the required academic entry score. Most Monash faculties generally use your most recent studies for admission however other guidelines may apply where your prior qualification may be considered.

Entry requirements for each qualification level are as follows:

All Monash undergraduate courses require you to satisfy English entry requirements in one of the following ways:

If you do not meet the above English proficiency test scores, consider Monash English Bridging. Some Monash courses however do not accept Monash English Bridging.

The English measures outlined above must be completed within 2 years prior to the Monash course commencement date (other time limitations may apply as outlined in the Monash University Procedure). If you have completed several measures of English proficiency over a period of time, the highest valid measure will be accepted.

Monash University reserve the right to ask students to complete an English proficiency test to meet English course requirements upon request.

Further information can be located at English language requirements.

All Monash University undergraduate courses require you to have previously studied and achieved required Australian level standards in certain specific subject known as prerequisite subjects.

You must satisfy the following prerequisite subject requirements for this course:

Meeting prerequisite subject requirements from other international qualifications:

You can still meet the above prerequisite subject requirements if you have completed other international qualifications. These subjects will be assessed on a case by case basis when you apply.

Alternative pathways

If you don't satisfy the requirements for direct entry consider these pathway options.

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

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code B2031

Apply

Semester two (July)

Apply directly to Monash using course code B2031

Apply

November intake

Apply directly to Monash using course code B2031

Apply

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.

International fee

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

A$47,300

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.

Other fees

The Student Services and Amenities Fee applies to some students each calendar year.

Enrolment Obligations

International students enrolling in a CRICOS-registered course can study no more than one third (33%) of their course by distance and/or online learning. Students must enrol in at least one unit that is not by distance and/or online in each compulsory study period unless the student is completing the last unit of their course. See standard 8.19 and 8.20 of National Code of Practice for Providers of Education and Training to Overseas Students 2018.

CRICOS code: 001447E