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Bachelor of Economics

Degree Type Bachelor

Duration 3 years full-time or part-time equiv.

SATAC Code 314141

CRICOS 002790D

Economics puts the pieces together. It studies the interaction of the decision-making of households, businesses and the whole of society. It examines how we respond to incentives (the things that influence decision–making) and how our conflicting choices are reconciled. Economics contributes to our understanding of policy design and business strategy. Economics provides the ‘big picture’.

The courses available within the Bachelor of Economics will allow you to understand just how the economy works; and will provide you with training that will help you shape its future. You will study microeconomics (microeconomic issues include the management of the environment and depleting natural resources) and macroeconomics (this relates to the growth and stability of the whole economic system), as well as econometrics (the maths and statistics of economics) and a range of other topics.

Economists often describe economics as a ‘way of thinking’. Studying Economics at the University of Adelaide will develop your capacity to break down issues into questions which can be resolved; guide you in the collection of data and information; and introduce you to techniques for analysing and managing that data. These are skills critical to many careers; and very important to good decision-making in government and in business. The teaching program also stresses the value of working in teams and developing your skills in communication, both oral and written.

A wide number of our courses have met the competence area requirement for Chartered Accountants Australia and New Zealand.

The Eric Smith Scholarship

  • Entry Requirements

    Choose your applicant type to view the relevant admissions information for this program.
    I am a:

    Domestic applicants

    Not a domestic applicant?

    Admissions Transparency Data

    SATAC Code 314141
    2017 CSP ATAR 67.05
    2017 CSP IB 24
    2017 Adelaide Approved Score 75
    Deferment Yes - 2 year
    Mid-year entry Subject to availability
    Intake February and July
    Enquiries Ask Adelaide
    Selection Criteria
    Year 12 Applicants You must not have completed more than 2 years full time equivalent university study (48 units). You compete for a place with your Australian Tertiary Admissions Rank (ATAR).

    Alternative entry pathways
    • Higher Education applicants
      You must have completed at least half a year full time equivalent university study. A Grade Point Average (GPA) is calculated for each separate program you have undertaken (apart from some double degree programs where the GPA is combined). You compete on the basis of your best GPA.
    • VET applicants
      You must have completed an AQF Certificate IV or above from a Registered Training Organisation. Your application will be ranked according to the level of the award.
    • Special Entry applicants
      You must be 18 years or over before 1 February 2018. If you have studied at higher education level in the last two years (for 2018 entry this means you were enrolled in either 2017 or 2016), you must not have accumulated more than a TOTAL of 2 years full-time (or part-time equivalent) higher education study (ie. including any study prior to 2016). If you meet this criteria, you will be ranked according to your result in the Special Tertiary Admissions Test (STAT). Your STAT result is not weighted between verbal and quantitative components. Indigenous applicants may be eligible for entry through the Aboriginal and Torres Strait Islander Access Scheme. See Wirltu Yarlu for further information.
    • Without formal qualifications?
      You may be eligible for our special access schemes.
    • Other Entry Pathways
    How to Apply
    SATAC Code: 314141

    International applicants

    Not an international applicant?

    Admissions Transparency Data

    CRICOS 002790D
    Intake February and July
    Selection Criteria
    English Language Requirements
    Australian Year 12 Successful completion of an Australian year 12 qualification with a minimum pass in an accepted English language subject
    English Tests accepted by the University of Adelaide
    IELTS Overall 6.5 Reading 6 Listening 6 Speaking 6 Writing 6
    TOEFL Overall 79 Reading 13 Listening 13 Speaking 18 Writing 21
    Pearsons Overall 58 Reading 50 Listening 50 Speaking 50 Writing 50
    Cambridge Overall 176 Reading 169 Listening 169 Speaking 169 Writing 169
    Qualifications that meet minimum English requirements A range of alternative qualifications may meet the University’s minimum English requirements
    Academic Entry Requirements
    Secondary School Qualifications International ATAR 75
    International Baccalaureate (IB) 25
    Hong Kong Diploma of Secondary Education (HKDSE) 11
    United Entrance Certificate (UEC) [Malaysia] 20
    General Certificate of Education (GCE) Advanced Level 7
    Ontario Secondary School Diploma (OSSD) 70
    ISC & CBSE [India] 70%
    ISBE [India] 80%
    SAT [US] 1200
    Abitur 3.4
    Thailand Certificate of Secondary Education 2.5
    Bang Tot Nghiep Trung Hoc Pho Thong 7.5
    STPM or Matrikulasi 2.78
    The University of Adelaide College Foundation Program 74
    Eynesbury Foundation Program 360
    Other Qualifications Students who don't meet the academic requirements or who have other qualifications from the South Pacific Islands, Japan, Korea, Phillipines or Taiwan may be eligible to apply for a Pre-University Pathway to prepare for or gain entry into the University's undergraduate academic programs. For additional information see Admissions Information - Academic Requirements
    How to Apply
  • Fees and Scholarships

    Choose your applicant type to view the relevant fees and scholarships information for this program.
    I am a:

    Domestic applicants

    Not a domestic applicant?

    International applicants

    Not an international applicant?

    Annual tuition fees International student place: $35,000

    Scholarships

    These scholarships, as well as many others funded by industry and non-profit organisations, are available to potential and currently enrolled students.

    Find a Scholarship.

  • Careers

    Career Readiness

    This program provides a great foundation for a wide range of careers. Recent graduates have been employed by trading and merchant banks, stockbrokers, insurance companies, accounting firms, financial planners, infrastructure and utility companies, manufacturers and distributors and a wide range of federal and state government organisations. Other employment opportunities include journalism, teaching, foreign affairs and international consulting.

    Completion of an Honours degree opens up more options for specialist positions in economics, including in government and business.

    The University of Adelaide Careers Service prepares, inspires and empowers students to achieve successful career transitions and connect with industry.

    Graduate Attributes

    The objective of this program is to produce graduates with specific attributes as outlined in University of Adelaide Graduate Attributes.
    1. Deep discipline knowledge
    2. Critical thinking and problem solving
    3. Teamwork and communication skills
    4. Career and leadership readiness
    5. Intercultural and ethical competency
    6. Self-awareness and emotional intelligence

    Industry Placement

    Work placement can include:

    Professional Accreditation

    A wide number of our courses have met the competence area requirement for the Chartered Accountants Australia and New Zealand.

    Potential careers

    Business Consultant, Economic Researcher, Economist, Export / Import trade, Government or Corporate Policy Adviser, International Government and Trade Policy Adviser, International Trade or Business Analyst, Journalist, Banker, Business Analyst, Business Data Analyst, Commodities or Futures Trader, Diplomatic corps, Project Officer, Public Servant, Research Assistant, Foreign Affairs, Business Manager, Data Analyst, Financial Analyst, Health Economist, Humanitarian / Aid Worker, ...

  • Global Learning

    A Global Learning Experience is an integral component to your academic journey at The University of Adelaide. The university is committed to offering its students the opportunity to study overseas through a range of degrees offered via the Global Learning Office, including student exchange, study tours, short study degrees, internships and placements. There are many exciting opportunities in Europe, Asia, the Americas, Africa, and Oceania ranging from a few weeks to a full academic year.

    To find Global Learning opportunities available in your study area click Global Experiences.

    Global Learning Experience

    Your program has been designed to provide you with the opportunity to add a global experience to your studies. You can do this by incorporating a study tour or semester exchange into your study plans.

    Study Tours

    Study tours are usually around two or three weeks in duration. They can be credited towards electives or courses. Study tours are usually held during the summer or winter break. The Faculty of the Professions runs different and repeated study tours every year. Some examples are below and current study tours being offered can be found here: Go Global

    Course Year/Level Units Core/Elective
    International Internship – PROF 3501 2nd Year 3 Elective
    Student Exchange

    The best time to go on an exchange is in Semester 1 - Year 2, or Semester 2 - Year 2, or Semester 1 - Year 3. If you want to go on an exchange, the easiest way is to structure your degree plan so that you can take all electives during your exchange semester. However, there are some courses you can take at partner institutions that will count as core course credit.

    The Faculty of the Professions preferred exchange partners for the Business School are: 

    Europe

    KU Leuven (Belgium)
    Aarhus University (Denmark)
    Copenhagen Business School (Denmark)
    University of Exeter - Business School (England)
    Aalto University (Finland)
    Audencia Business School (France)
    University of Strasbourg - EM Strasbourg Business School (France)
    University of Strasbourg - Institute of Political Studies (France)
    ESCP Europe (France)
    HHL Leipzig Graduate School of Management (Germany)
    EBS University of Business and Law (Germany)
    University of Mannheim (Germany)
    University of Tubingen - School of Economics (Germany)
    University of Gottingen (Germany)
    Bocconi University (Italy)
    Ca' Foscari University of Venice (Italy)
    Maastricht University (Netherlands)
    Utrecht University (Netherlands)

    South America

    University of Chile (Chile)

    Asia

    Xiamen University (China)
    University of International Business and Economics UIBE (China)

    North America

    HEC Montreal (Canada)

    Please see the example below and contact the Global Study Coordinator for more information. Also make sure to check out the Global Learning web site for a full list of University of Adelaide exchange partners, application dates and other key information. 

    Example of a Student Exchange Study Plan below:
    Partner & Country Course University of Adelaide Credit Units Year/ Level Core/ Elective
    University of Mannheim- Germany Economics (Poverty, Inequality and Income Distribution) Economics Elective Level II 3 2nd Year Elective
    Industrial Economics 2855 Industrial Organisation III 3 3rd
    Year
    Core/Elective
    Venture and Development Capital Economics Elective Level II 3 2nd
    Year
    Elective
    Applications for Economics, Management and Finance Econometrics III 3 3rd Year Core/Elective
  • Degree Structure

    The Bachelor of Economics program includes compulsory courses designed to give you a solid understanding of economics, plus a selection of optional courses.

    The compulsory courses make up half of the program and include economic principles, applied economics and econometrics.

    The other half of the program consists of optional or elective courses. You can choose from further economics courses (for example international economics, international trade, environmental economics, industrial organisation, development economics, thinking strategically) or courses from other disciplines including finance, international studies, management, politics, marketing, geography, history, languages, mathematics, or computer science.

    Subject to quota restrictions economics students may take courses offered by the Business School, leading to professional accounting qualifications. Doing the Bachelor of Economics will give you the opportunity to pursue one or more areas of interest outside of economics.

    The optional Honours (fourth) year involves the writing of a research report or thesis together with advanced coursework in macroeconomics, microeconomics and econometrics.

    Academic Program Rules

    The Calendar is a comprehensive handbook of the University's academic program rules.

    Areas of Specialisation

    The Bachelor of Economics program gives you the flexibility to specialise in an area of economics, for example focussing on international economics or environmental economics.  In addition, because only about half of the B.Ec is made up of compulsory courses, it is possible to enhance that economics specialisation by taking courses with the same focus but from other disciplines (e.g. from politics or from environmental studies) or you can focus on something different such as philosophy or accounting.  The B.Ec with a focus on accounting is accredited by the two major Australian professional accounting bodies: CPA Australia and the Chartered Accountants in Australia (ICAA).

    Example Study Plan

    For students commencing Level 1 in 2018
    Indicative study plan
    Year level 1
    Core Courses ECON 1012 Principles of Economics I
    ECON 1008 Business and Economic Statistics I
    ECON 1005 Introduction to Mathematical Economics (Basic) I or ECON 1010 Introduction to Mathematical Economics (Advanced) I or approved Economics Level I mathematics course *
    ECON 1002 Australia in the Global Economy I or ECON 1009 International Financial Institutions & Markets I

    Electives Four Level 1 Electives not already taken and chosen from:
    ECON 1002 Australia in the Global Economy I
    ECON 1009 International Financial Institutions & Markets I
    ECON 1010 Introduction to Mathematical Economics (Advanced)
    Courses from other disciplines offered within the University

    Year level 2
    Core Courses ECON 2506 Intermediate Microeconomics II
    ECON 2507 Intermediate Macroeconomics II
    ECON 2504 Intermediate Econometrics II
    ECON 2513 Global Economic History II

    Electives Four Level II Electives not already taken and chosen from:
    ECON 2500 International Trade and Investment Policy II
    ECON 2502 East Asian Economies II
    ECON 2508 Financial Economics II
    ECON 2511 Behavioural Economics II
    Courses from other disciplines offered within the University
    Year level 3
    Core Courses ECON 3525 Economic Policy Analysis III

    Plus three Level III courses from the Economics courses:
    ECON 3500 Resource and Environmental Economics
    ECON 3501 Development Economics III
    ECON 3502 Econometrics III
    ECON 3503 Game Theory III
    ECON 3506 International Trade III
    ECON 3508 Public Economics III
    ECON 3510 International Finance III
    ECON 3511 Money, Banking and Financial Markets III
    ECON 3516 Industrial Organisation III
    ECON 3519 Advanced Mathematical Economics III

    Electives Four Level III Electives from the Economics courses or from other disciplines offered within the University, including the following (subject to availability and approval):
    PROF 3500 Undergraduate Professions Internship
    PROF 3501 Undergardaute Professions Internship OS
    Notes:

    This is an indicative study plan and subject to change.

    * Students who have not completed Year 12 Maths or equivalent must take Introduction to Mathematical Economics (Basic) I  concurrently with Principles of Economics I in the first semester of first year.   Students who have completed Year 12 Maths or equivalent must enrol in Introduction to Mathematical Economics (Advanced) I or another approved Economics Level I mathematics course.

    Assessment

    Assessment is based on a range of methods. Typical examples of those methods include examinations, tests, individual or group assignments, projects, presentations, online quizzes, and tutorial work.
  • Related Degrees

  • Further Information

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Last updated: Monday, 11 Dec 2017