Economics
Minor
Description
Effective from 2010
The Economics Major will not be offered on the Lilydale campus in 2010. Students can study the major through through Open Universities Australia.
Understanding economic principles is an important requirement for a career in business. An economic approach to important practical social and business problems is the focus of the economics discipline. Economics is the study of what, how and for whom to produce: in essence, how society can achieve the maximum benefit from available resources. It emphasises the importance of sound decision making, at the level of the individual, the firm, and the society as a whole. Economics examines problem areas such as unemployment, inflation, foreign debt and environmental degradation. It also provides guidance to decision makers on appropriate strategies for successful operation in both local and international markets. Within the economics major or minor, students also develop skills in interpreting and evaluating economic commentaries and reports and in applying economic principles to real issues facing business and government.
Career opportunities
Students completing an economics major find employment in a wide range of challenging fields in both the public and private sectors. These include administration, management consulting, economic policy evaluation, financial analysis, banking and market analysis.
Structure
Minor (4 units)
Minors are a prescribed set of units that may broaden a student’s learning, such as a set of units from different disciplines, typically derived as a subset of a Major or Co-Major. Minors contain no elective choice and are made up of 4 units (50 cps). Subject to faculty approval some unit substitution is allowable.
Minors are a prescribed set of units that may broaden a student’s learning, such as a set of units from different disciplines, typically derived as a subset of a Major or Co-Major. Minors contain no elective choice and are made up of 4 units (50 cps). Subject to faculty approval some unit substitution is allowable.
OUA Major
The Majors offered through OUA generally comprise a combination of units offered by the Faculty and units offered by other OUA providers. Where a unit is offered by the faculty both on campus and through OUA, the OUA unit is given a different unit code. Below is a mapping of the OUA units which are considered equivalent, or can be substituted for, the on campus units. Units offered by another OUA provider are noted with an asterisk.
Units
On Campus Minor:
LBE100 Microeconomics
LBE200 Macroeconomics
LBE204 Financial Markets and Institutions
LBE301 International Trade and Finance
LBE100 Microeconomics
LBE200 Macroeconomics
LBE204 Financial Markets and Institutions
LBE301 International Trade and Finance
OUA Major:
Accounting Fundamentals (ACF110)
Microeconomics 1 (ECO11)*
Introduction to Law (BLW16)*
Information Methods (CIS11)
Statistics and Research Methods (STA15)
Macroeconomics 1 (ECO12)*
Managerial Economics and Strategy (ECO21)
Environmental Economics (ECO22)
Survey Research Methods (MAR29)
Economic Policy in Society (ECO30)
International Economics (ECO31)*
Economic Development (ECO32)
Accounting Fundamentals (ACF110)
Microeconomics 1 (ECO11)*
Introduction to Law (BLW16)*
Information Methods (CIS11)
Statistics and Research Methods (STA15)
Macroeconomics 1 (ECO12)*
Managerial Economics and Strategy (ECO21)
Environmental Economics (ECO22)
Survey Research Methods (MAR29)
Economic Policy in Society (ECO30)
International Economics (ECO31)*
Economic Development (ECO32)
(* represents units taught by external providers – e.g. UniSA, Curtin, RMIT, etc.)
For more information regarding OUA units please visit the Open Universities Australia website.
Further information
Email: ldinfo@swin.edu.au
Phone: +614 9215 7200
Phone: +614 9215 7200
For further information about Open Universities Australia go to http://www.lilydale.swinburne.edu.au/oua/welcome.htm
