Business (Economics), Bachelor

Business (Economics), Bachelor

  • Application Deadline
  • 36 months
    Duration
University rank #201 (ARWU) ,
Economics is more than just a business discipline—it’s a way of looking at the world. It’s about important issues such as unemployment, inflation, interest rates, competition, business strategy, the sustainable use of resources and the impact of decisions made by governments. An understanding of economics is essential to understanding real-world issues and finding real solutions.

About

Why choose this course?

Economics is more than just a business discipline—it’s a way of looking at the world. It’s about important issues such as unemployment, inflation, interest rates, competition, business strategy, the sustainable use of resources and the impact of decisions made by governments. An understanding of economics is essential to understanding real-world issues and finding real solutions.

With the help of world-class economists, you will develop essential knowledge about economic behaviour, the workings of economic systems and the skills used in analysing economic issues in a wide range of contexts.

QUT’s economics major meets contemporary business needs with two streams available for your choice: a quantitative stream and a policy (applied) stream. Both streams will ensure you gain expertise in understanding and applying economic concepts. The quantitative stream provides training in econometrics (the key modelling tool used by economists), as well as game theory and behavioural economics. Alternatively, students may specialise in the public policy stream which incorporates units in environmental economics, economics of the real world and international economics.

QUT’s strength in applied economics research means you will learn to use social, cognitive and emotional factors to gain an understanding of the economic decisions of individuals and institutions, and their effects on markets and public choice.

An economics minor is also an excellent complement to other majors as it offers students the opportunity to develop a wider understanding of economics. An economics minor will also enhance students’ employability prospects by developing analytical and strategic thinking skills widely recognised as an outcome of economics training. To ensure the best fit with students’ majors, there is a choice of two economic minors focusing either on quantitative economics or the policy applications of economics.

If you’ve ever wondered why the Reserve Bank of Australia puts up interest rates, or what is the best way to make the earth a cooler place by fighting climate change, or if you’ve asked whether Facebook makes the economy more productive, consider economics as a major.

Real world learning

Our lecturers have a wide range of real-world experience in finance, government policy making and in industry, so their teaching reflects current thinking and is based on practical situations and outcomes. These links also provide access to guest lecturers, who add their own experiences and challenges to your learning and thinking.

This course will take you on a journey through both microeconomics (individual firm or industry) and macroeconomics (entire nations). You will apply theory to topics of current interest, such as the federal budget, changing age demographics and climate change. You will learn how to collate data for your analysis, make decisions on relevant economic theories and models, and refine this into possible solutions for the real world.

The capstone unit, contemporary applications of economic theory, integrates earlier learning by giving you the opportunity to analyse specific commercial, social and environmental issues.

Career outcomes

Within the corporate world, economists work as analysts and consultants. Economists guide the strategic direction of firms to respond to changes in global economic conditions, structural changes within the sector or changes in government policy. In government, economists design and evaluate policy at all levels from treasury to health and education and everything in between.

You will be employable in a variety of settings, from a range of government, treasury, policy and economic development roles, to manufacturing, transport, communications, banking, insurance and investment.

Graduate positions include:

  • private and public sector economist
  • business analyst
  • business consultant
  • public sector manager.

Professional recognition

You will meet the academic requirements for professional membership of the Economics Society of Australia.

Detailed Programme Facts

  • Deadline and start date Application deadline and start date were not specified by the programme.
  • Programme intensity Full-time
    • Full-time duration 36 months
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Industry links

Our lecturers have a wide range of real-world experience in finance, government policy making and in industry, so their teaching reflects current thinking and is based on practical situations and outcomes. These links also provide access to guest lecturers, who add their own experiences and challenges to your learning and thinking.

Economics major units

  • Economics 2
  • Intermediate Macroeconomics
  • Intermediate Microeconomics
  • Contemporary Application of Economic Theory (capstone unit)

Plus any four of the following:

Quantitative Economics Units

  • Applied Behavioural Economics
  • Quantitative Methods for Economics and Finance
  • Introductory Econometrics
  • Game Theory and Applications.

Applied Economics Units

  • Environmental Economics and Policy
  • International Economics
  • Financial Markets
  • Economics for the Real World

Second major and minor options

  • Finance
  • Management
  • Marketing
  • International Business
  • Language

Additional minor options

  • Accountancy
  • Business Regulation

English Language Requirements

You need the following IELTS score:

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS

Academic Requirements

Before you start this course we assume you have sound knowledge in these areas:

  • English

We assume that you have knowledge equivalent to four semesters at high school level (Years 11 and 12) with sound achievement (4, SA). The Economics major assumes 4 SA in Maths A, B or C.

StudyPortals Tip: Students should consider taking one of the Pre-Bachelor's below. these courses will be necessary if:

  • You are considered ineligible for admission
  • You need to improve your academic, study, research or language skills
Search all Pre-Bachelors

Tuition Fee

  • International Applies to you

    12800 AUD/module
    Tuition Fee
    Based on the original amount of 12800 AUD per module and a duration of 36 months.
  • National Applies to you

    5200 AUD/module
    Tuition Fee
    Based on the original amount of 5200 AUD per module and a duration of 36 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

  • 2018: $28700 per year full-time (96 credit points) (subject to annual review)
  • 2017: $27700 per year full-time (96 credit points) (subject to annual review)

Living costs for Brisbane

  • 1402 - 2530 AUD/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.