Undergraduate

Economics provides a foundation for careers in:<ul><li>Public policy</li><li>International development</li><li> Business and management</li><li>Government and politics  </li><li>Law </li><li>Finance and insurance </li><li>Teaching and education </li><li>Marketing and tourism  </li><li>Examples of job titles in economics are listed below.</li></ul>Government Departments Australian and overseas governments provide many career paths for economists.  Departments like Finance, Treasury, the Australian Bureau of Statistics, the Productivity Commission and the Australian Bureau of Agriculture and Resource Economics recruit heavily from the ANU.  Economists are also much in demand in other government departments dealing with issues such as Trade, Education, Employment and Social Security.   Business and Management Firms recruit economists because their advice is vital to businesses in understanding their business environment, how competitors react, and how changes in things such as interest rates, oil prices, exchange rates and consumer demand are likely to affect the business.  Consultancy and accounting firms employ economists to advise their clients which include both private firms and governments.International Agencies International agencies such as the World Bank, the International Monetary Fund and Oxfam recruit economists to advise them on the effects of policy changes, financial crises and conflicts in one part of the global economy on another, as they are transmitted through trade and financial flows.  Economists advise on trade policy and macroeconomic policy coordination.Resource and Environmental Economist Economists are employed to study natural resource use and environmental problems and their relationship to economic behaviour.  Employers include mining firms and regulatory agencies.  Economists contribute to the better management of natural resources and improving the global environment.Schools and Universities There is a thriving national and international market for academic economists in High Schools / Colleges and Universities.  Finance and Banking Financial institutions including Banks, and in particular the Reserve Bank of Australia, actively recruit economists to advise them on the state of the economy and on risks from factors such as interest rate changes and exchange rate movements.

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Typical Full-time Program Pattern<table border="1" cellspacing="0" cellpadding="0"><tbody><tr valign="top"><td> </td><td>First semester</td><td>Second semester</td></tr><tr valign="top"><td>Year 1 (48 units)</td><td>ECON1101 Microeconomics 1 STAT1008 Quantitative Research Methods Electives (6u) Electives (6u)</td><td>ECON1102 Macroeconomics 1 EMET1001 Foundations of Economic and Financial Models Electives (6u) Electives (6u)</td></tr><tr valign="top"><td>Year 2 (48 units)</td><td>ECON2101 Microeconomics 2 EMET2007 Econometric Methods Electives (6u) Electives (6u)</td><td>ECON2102 Macroeconomics 2 Electives (6u) Electives (6u) Electives (6u)</td></tr><tr valign="top"><td>Year 3 (48 units)</td><td>ECON3101 Microeconomics 3 Electives (6u) Electives (6u) Electives (6u)</td><td>ECON3102 Macroeconomics 3 Electives (6u) Electives (6u) Electives (6u)</td></tr></tbody></table>Note The elective courses must include:<ul><li>At least 18 units from <a href="http://studyat.anu.edu.au/_cbe_schedule_2.html">Schedule 2</a> </li><li>At least 6 units in <a href="http://studyat.anu.edu.au/interests/undergraduate/54" target="_blank">Economic History (ECHI)</a> from <a href="http://studyat.anu.edu.au/_cbe_schedule_1.html">Schedule 1</a> </li></ul>

Alongside the courses in the economics major, an Honours stream is offered commencing in second semester of first year. This stream is designed for (but not exclusive to) students whose performance in economics is at credit level or better. It aims to provide students with a deeper understanding of economic analysis and to impart greater confidence and capacity in addressing economic issues. Participation in the Honours stream is important for students who may wish to work as professional economists or who want to go on to further study of economics at the fourth year or at graduate level. The Honours stream involves an additional lecture and tutorial per week, plus an additional examination each semester. Students are able to enter, or leave, the Honours stream at any stage during the major. After the standard three-year program, students can undertake the Honours Year in a fourth year of study. Entry to the Honours Year is by invitation extended to high achieving students. Students who have attained a similar level of performance at another university are also generally eligible to enter the fourth Honours year. Honours programs are offered in Applied Economics, Economics and Economic History. Requirements for entry into the Honours program in each area are determined by the schools concerned and vary according to the particular area chosen. Interested students should obtain advice from the Honours Convenor in the School of Economics.

2350 The Bachelor of Economics degree offers students rigorous training in the analytic tools of economics, and the opportunity to apply these to a wide variety of economic issues. It is an intellectually challenging degree that develops powers of logical analysis. It offers insight into the ways in which businesses are structured and compete, the ways in which households and individuals make decisions and interact, and the role of government in providing public goods and regulating the market sector.The Economics degree at the ANU is widely regarded as one of the very best in Australia and its graduates are much in demand from government and business employers. The three-year degree is built around two sequences that run through all years in the degree. The core economics sequence consists of semester length microeconomics and macroeconomics courses in each of the three years. The second sequence consists of two semester courses in quantitative methods in the first year, a course in econometrics normally taken at second year and three elective courses drawn from a list of optional semester courses. These courses provide a wide variety of applications of economic analysis.The two sequences aim to give students an appreciation of the operation of the economic system and an understanding of a variety of issues of economic policy importance. Examples include problems of unemployment and inflation, the impact of monopoly power and regulation, the impact of foreign trade, and public intervention to deal with problems of environmental pollution. The core courses emphasise an analytical approach to the discipline. Graduates will possess a solid theoretical background as well as a capacity to apply those economic concepts to numerous issues.The degree requires students to complete 144 units of courses typically taken over three years of equivalent full-time study. Generally, a semester length course carries a value of six units and, therefore, the degree requires completion of 24 such courses based on a pattern of four courses per full-time semester.The degree consists of four components:<ul><li>Economics sequence</li><li>Second sequence</li><li>Economic history requirement</li><li>Electives</li></ul>Students undertaking the EDUC plan will undertake the appropriate electives in order to meet the requirements of the Graduate Diploma of Education (Secondary Teaching) at the University of Canberra. Further information is available from the College office.

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Bachelor of Economics

None. But assumed knowledge is:- ACT: Advanced Mathematics Major NSW: HSC Mathematics QLD: Mathematics B or Mathematics C SA/NT: Mathematics 1 (single) or Mathematics 1 (double) or Mathematics 2 TAS: Mathematics Stage 2 or Mathematics Stage 3 VIC: Mathematical Methods 3/4 or Specialist Mathematics 3/4 WA: Applicable Mathematics or Calculus IB: Mathematical Methods (SL) OR Mathematics (HL)

The Bachelor of Economics degree requires completion of 144 units including:<ol><li>At least 96 units taken from courses listed in <a href="http://studyat.anu.edu.au/_cbe_schedule_1.html">Schedule 1</a> within the Faculty of Economics and Commerce</li><li>Not more than 48 units at 1000-level</li><li>The compulsory sequence in economics comprising: (a) ECON1101 Microeconomics 1 (b) ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H) (c) ECON2101/[2111|ECON2111] Microeconomics 2 [(P) or (H)] (d) ECON2102/[2112|ECON2112] Macroeconomics 2 [(P) or (H)] (e) ECON3101 Microeconomics 3 (f) ECON3102 Macroeconomics 3</li><li>The second compulsory sequence comprising: (a) EMET1001 Foundations of Economic and Financial Models (b) STAT1008 Quantitative Research Methods (c) EMET2007 Econometric Methods (d) Courses from <a href="http://studyat.anu.edu.au/_cbe_schedule_2.html">Schedule 2</a> to a total value of at least 18 units</li><li>An approved course in the subject of Economic History from <a href="http://studyat.anu.edu.au/_cbe_schedule_1.html">Schedule 1</a> of a value of at least 6 units.</li><li>In the Bachelor of Economics degree program, STAT2008 Regression Modelling cannot be taken in satisfying the requirement in 4(c).</li><li>In the combined degree Bachelor of Actuarial Studies/Bachelor of Economics, an exemption is given from the requirement of paragraphs 4(a) and (b). </li><li>Upon completion of the appropriate 144 units in the Bachelor of Economics, students may proceed to the Graduate Diploma of Education(Secondary Teaching) one year program at the University of Canberra. Further information on this plan is available from the College office.</li></ol>

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