Bachelor of Economics (Advanced)

Degree Type Bachelor
Duration 3 years full-time
or part-time equiv.
SATAC Code 324791
CRICOS 081482F

For economic innovators

Aspire to be a leader in business, policy or research?

The Bachelor of Economics (Advanced) is a uniquely structured and specialised degree for students who want to stand out in their field.

What will you do?

Our advanced degree emphasises research and high-level analytical skills. You will:

  • interact with and learn from eminent researchers, notable economists from abroad, and high-ranking economists practising in the private and public sector
  • have the opportunity to partner with an academic mentor who’ll support and encourage your intellectual development
  • access three unique courses specifically designed for high-achieving students
  • benefit from small-group work, special activities and events with distinguished visitors.

Note: You must maintain a GPA of 5.0 or you’ll be required to transfer to the Bachelor of Economics. Bachelor of Economics students can also transfer into the advanced degree if they achieve a high enough GPA after one, two or three semesters.

Where could it take you?

You might specialise in maths and statistics and become an econometrician, working in logistics and modelling transport infrastructure. You could write pioneering policy around education, taxation or mental health. Perhaps you’ll use behavioural economics to encourage people to recycle, or research the would-be impacts of a universal basic income.

  • 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 information

    SATAC Code 324791
    2018 CSP ATAR 95.4
    2018 CSP IB 37
    2018 Guaranteed Entry Score 95
    Deferment Yes - 2 year
    Intake February and July
    Enquiries Future Students team
    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 Selection Rank (ATAR plus any applicable adjustment factors (such as bonus points)).
    Additional Entry Requirements
    Year 12 applicants must obtain an Australian Tertiary Admissions Rank (ATAR) of 95 or higher (or equivalent).

    Alternative entry pathways
    • Higher Education applicants
      You must have completed at least six months full time equivalent higher education study (the number of courses and units will vary depending on your prior institution however at the University of Adelaide, this equates to 4 courses / 12 units). 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.
    • Special Entry applicants
      You must be 18 years or over before 1 February 2019. If you have studied at higher education level in the last two years (for 2018 entry this means you were enrolled in either 2018 or 2017), 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 2017). 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: 324791

    International applicants

    Not an international applicant?

    Admissions information

    CRICOS 081482F
    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 Selection Rank (International) 95
    International Baccalaureate (IB) 37
    Hong Kong Diploma of Secondary Education (HKDSE) 23
    United Entrance Certificate (UEC) [Malaysia] 5
    General Certificate of Education (GCE) Advanced Level 13
    Ontario Secondary School Diploma (OSSD) 90
    British Columbia Certificate of Graduation (Canada) 6.4
    Alberta High School Diploma (Canada) 96
    ISC & CBSE [India] 90%
    ISBE [India] 95%
    SAT [US] 1520
    Abitur 1.6
    Thailand Certificate of Secondary Education 3.7
    Bang Tot Nghiep Trung Hoc Pho Thong 9.5
    STPM or Matrikulasi 3.55
    Kuwait General School Secondary Certificate 88
    The University of Adelaide College Foundation Program 88
    Eynesbury Foundation Program 430
    ANU Foundation Studies 81
    Monash Foundation Year 82.5
    Trinity College Foundation Studies Program 86
    UNSW Foundation Year 8.5
    University of Sydney Foundation Studies Program 8.0
    Western Australia University Foundation Studies Program 77
    University of Queensland Foundation Studies Program 6.0
    Non-Go8 Foundation Score 88
    Other Qualifications Students who don't meet the academic requirements or who have other qualifications from the South Pacific Islands, Japan, Korea, Philippines 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 Pathway Programs
    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?

    Annual tuition fees
    Commonwealth-supported place: $10,450

    More information on Student Contribution Amounts.

    International applicants

    Not an international applicant?

    Annual tuition fees International student place: $36,500

    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

    Completing the Bachelor of Economics (Advanced) will enhance graduates' career opportunities by demonstrating to employers:

    • high academic merit standards (both to enter and retain their place)
    • advanced training in economic analysis and research.

    Employers will also be aware of past graduates' reputation for outstanding performance.

    The Bachelor of Economics (Advanced) provides a springboard into leadership positions involving research, policymaking and consultancy. It is also an excellent pathway (via honours) to PhD study, and a career in academia.

    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

    It may be possible to secure a work placement through the Professions Internships program.

    Potential careers

    Banker, Data Analyst, Policy Adviser, Econometrician, Economic Researcher, Economist, Public Servant

  • Study Overseas

    A Study Overseas 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 Study Overseas, 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 Study Overseas opportunities available in your study area click Global Experiences.

    Study Overseas 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 a semester exchange into your study plan. 

    Study Tours

    Study tours are usually around two or three weeks in duration. They can be credited towards electives or core 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, Semester 2 - Year 2, or Semester 1 - Year 3. If you want to go on 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 you check the Global Learning website for a full list of the University of Adelaide exchange partners, application dates and other key information. 

    Partner & Country Course University of Adelaide Credit Units Year/ Level Core/ Elective
    University of Mannheim - Germany The Economics of Imperfect Labour Markets Economics Elective Level III 3 3rd Year Elective
    Venture and Development Capital Economics Elective Level II 3 2nd Year Elective
    Introductory Financial Econometrics Intermediate Econometrics II 3 2nd Year Core
    Experimental Decision Making Economics Elective Level III 3 3rd Year Elective
  • Degree Structure

    The Bachelor of Economics (Advanced) program contains compulsory courses designed to give students a highly developed understanding of economics and advanced research skills. The compulsory courses include the three program-specific advanced courses: Advanced Economic Analysis I, II and III. They cover the central areas of economics and complement the standard core courses in microeconomics (how consumers and firms behave and how markets work), macroeconomics (the growth and stability of the whole economic system) and econometrics (the statistical tools for economic data analysis). The compulsory courses make up approximately half of the degree.

    Like the conventional Bachelor of Economics, the remaining components of the program consist of optional or elective courses chosen from a large pool of courses from Economics or other areas. Unlike the conventional Bachelor of Economics, students in the Advanced degree can also obtain majors in Finance, or Politics and International Relations. In addition, study plans for studying for the Bachelor of Economics (Advanced) concurrently with other degrees (e.g. Law or Engineering) are available.

    To remain in this highly competitive program, students must maintain a high grade point average (GPA) throughout their candidature. 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

    Unlike the conventional Bachelor of Economics, students in the Advanced degree can also obtain a major in Finance, Social Sciences* or Politics and International Studies. It is also possible to study the Bachelor of Economics (Advanced) concurrently with other degrees.

    If students do not want to formally major in any of the areas above, however, they have the flexibility to specialise in another area of economics (e.g. environmental economics). And they can enhance that specialisation by taking courses with the same focus, but from other disciplines (e.g. environmental studies).

    * The Social Sciences Major will not be available to commencing students in 2018.

    Example Study Plan

    Indicative study plan
    Year level 1
    Core Courses ECON 1012 Principles of Economics I
    ECON 1011 Advanced Economic Analysis I
    ECON 1010 Introduction to Mathematical Economics (Advanced) I or approved Economics Level I mathematics course*
    ECON 1005 Introduction to Mathematical Economics (Basic) or ECON 1002 Australia in the Global Economy I or ECON 1009 International Financial Institutions and Markets I
    Electives Four Level I electives not already taken and chosen from:
    ECON 1002 Australia in the Global Economy I
    ECON 1005 Introduction to Mathematical Economics (Basic) I
    ECON 1009 International Financial Institutions and Markets I
    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 2512 Advanced Economic Analysis II
    ECON 2513 Global Economic History II
    Electives Three Level II electives 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 3519 Advanced Mathematical Economics III
    ECON 3502 Econometrics III
    ECON 3523 Advanced Economic Analysis III
    One Level III elective chosen from:
    ECON 3500 Resource and Environmental Economics III
    ECON 3501 Development Economics 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
    Electives Four Level III electives not already taken and chosen from:
    ECON 3500 Resource and Environmental Economics III
    ECON 3501 Development Economics 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
    Courses from other disciplines offered within the University, including the following (subject to availability and approval):
    PROF 3500 Undergraduate Professions Internship
    PROF 3501 Undergraduate Professions Internship OS
    PROF 3883 Graduate Career Readiness

    Notes:

    This is an indicative study plan and subject to change.

    Study plans for studying for the Bachelor of Economics (Advanced) with a Major or concurrently with other degrees (e.g., Law or Engineering) are available. For further details, please see the Study Plans page of the Professions Support Hub.

    *Depending on the results of a diagnostic test, students who have not completed mathematics to at least SACE Stage 2 Mathematical Studies (or equivalent) may be required to complete Introduction to Mathematical Economics (Basic) I before attempting Introduction to Mathematical Economics (Advanced) I or any Level II economics core courses. The course assumes no previous study of mathematics and covers topics relevant to economics undergraduates. Students choosing an additional major in Finance replace ECON 1010 with two other maths courses. Please refer to the study plan for a major in Finance.

    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

    Further enquiries
    Phone: +61 8 8313 7335 (toll free 1800 061 459)

    The annual Open Day and Information Night events provide an excellent opportunity to see our campus, meet with academics, and discuss your study options.

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: Thursday, 6 Dec 2018