img

undergraduate

Degree

Bachelor of Economics

Course code: #B2031

undergraduate

Degree

Bachelor of Economics

Quick facts

  • Annual tuition (2022)

    $47,300 AUD

  • Application fee

    $100 AUD

  • Duration

    3 years

  • PSW

    2 years

  • Min GPA

    70 out of 100

  • CRICOS code

    001447E

Deadlines

Term start& deadline Deadline
Fall-February 31-January-2022 2022-01-31
Winter-July 30-June-2022 2022-06-30
Fall-February 31-January-2023 2023-01-31
Winter-July 30-June-2023 2023-06-30

Overview

Bachelor of Economics

Economics is the science of decision-making and the key to unlocking how the world works – from the consumption of goods and services, to changes in employment rates or living standards. 

Economics is at the heart of how society operates and it impacts how we spend, save, work and live.

In a Bachelor of Economics, you’ll learn how to use data to make better business decisions, study the impact of individual economic choices, and build an in-depth understanding of the way local, national and global economies function.

You’ll study a broad range of areas – such as human behaviour, development, policy and business – and learn to bring this information together to form valuable insights.

With a strong understanding of how decisions affect individuals, organisations and governments, you’ll be in a better position to influence change at all levels of society. 

The latest economic theories and analytical tools will also allow you to identify and communicate the impact of government policies, both domestically and on a global scale.

This degree will give you an analytical skill set. You can further focus your study by following one of two streams: 

Economics and economic policy, or Mathematical economics and econometrics.

  • Economics and economic policy: Understand the bigger economic picture – from how goods and services are consumed, to changes in employment rates.

         You’ll learn to apply economic theories and analytical tools to the economy, and identify the effects of domestic and international government policies.

  • Mathematical economics and econometrics: If you’re more interested in the numbers behind the economic theories, this stream could be the one for you.

         You’ll learn how to analyse and interpret econometric and mathematical data, and apply your findings in a range of contexts, including financial investment, production, taxes,              and government expenditure and policies.

Estimate your cost

Residency
Count of person

$57,800

Total costs

yearly

Details


Cost of living 1 person $10,212
Accommodation 1 bed room $10,500
Tuition 1 person $47,300

Hourly wage

Min wage

23.23 AUD / 1 hour

in Australia every student can work 48 hour per fortnight

Required documents

  • Academic/Official Transcripts
  • Language Proficiency (If Applicable)
  • Passport or Visa Documents
  • Official translations of documents in a language other than English

Language requirements

GRE
not required
GMAT
not required

IELTS

6.5
6
listening
6
writing
6
speaking
6
reading

TOEFL

79
12
listening
21
writing
18
speaking
13
reading

PTE

58
50
listening
50
writing
50
speaking
50
reading

Cambridge

176
169
listening
169
writing
169
speaking
169
reading
Language pathway (conditional offer) is available
Eligible to apply without language certificate

With Monash English Bridging, you will learn to develop the English language and academic skills required for pursuing diplomas, undergraduate, graduate and higher degrees of research courses at Monash – without the need to sit for an IELTS test.

Monash English provides a direct pathway to Foundation Year and Monash English Bridging, without the need to sit an IELTS (or equivalent) test

You can enter Monash English at any level. 

You will need to sit an approved English language test and achieve a minimum score of IELTS 4. Or, you can complete the Monash English Placement Test and enter without an IELTS score.

If you haven’t met the English requirements for direct entry, you may be eligible for the Monash English Bridging (MEB) program. If you successfully complete MEB, you can join your chosen destination degree. 

English language entry requirements 

Standard (Level A)

Courses requiring an IELTS of 6.5 (no band less than 6.0)

20-week program

Monash EnglishSuccessful completion of Monash English Upper Intermediate (ME5)
IELTS5.5 (no band lower than 5.0).
TOEFL iBT/TOEFL Special Home Edition52 (writing 15, speaking 14, listening 5, reading 5).
Pearson42 (writing 36, speaking 36, listening 36, reading 36).
Duolingo English Test85 Plus performance in long turn answers. Long turn answers consist of speaking and writing components and are graded by Monash College.
Linguaskill162 (no band lower than 154).

15-week program

Monash EnglishSuccessful completion of Monash English Pre Advanced (ME6)
IELTS6.0 (no band lower than 5.0).
TOEFL iBT/TOEFL Special Home Edition69 (writing 15, speaking 14, listening 5, reading 5).
Pearson50 (writing 36, speaking 36, listening 36, reading 36).
Duolingo English Test95 Plus performance in long turn answers. Long turn answers consist of speaking and writing components and are graded by Monash College.
Linguaskill169 (no band lower than 154).

10-week program

Monash EnglishSuccessful completion of Monash English Pre Advanced (ME6)
IELTS6.0 (writing 6.0, no band lower than 5.0).
TOEFL iBT/TOEFL Special Home Edition69 (writing 21, speaking 14, listening 5, reading 5).
Pearson50 (writing 50, speaking 36, listening 36, reading 36).
Duolingo English Test95 Plus performance in long turn answers. Long turn answers consist of speaking and writing components and are graded by Monash College.
Linguaskill169 (writing 169, no band lower than 154).

 


Academic background and requirement

All Monash undergraduate courses require you to have successfully completed a minimum of an Australian Year 12 qualification (or equivalent).

Prerequisite subjects:

  • English
  • Mathematics

Post secondary qualifications:

International entry requirements for post secondary qualifications can be located in the study credit and admissions eligibility search. If your qualification is not listed they will assess your application when you apply.

Qualifications that are competency based (without grades or marks) will not be considered for admission.

Higher Education:

Applicants will require a minimum 70% average to be considered for selection. 

Preference will be given to applicants whose prior studies are related to the course. A minimum of two single units must be completed in order to meet minimum admission requirements

If you have a complete or incomplete international bachelor degree, it must be accredited and equivalent to an Australian level where the entry requirement will vary than listed above.

China:

Gaokao: 70%

India:

  • All India Senior School Certificate  83%
  • Indian School Certificate Examination 77%

Monash University Foundation Year

If you're an international student, Foundation Year gives you the best preparation and support for success at Monash University. 

It's a per-university program offered through Monash College, and if you successfully complete it and meet the other entry requirements, It guarantees you entry into first year of any degree at Monash University. 

You'll choose from 13 subjects to suit your skills, interests and the degree you wish to apply for.

Monash College diplomas

Monash College diplomas provide a pathway into the first or second year of a course in art, design and architecture; arts; business; engineering information technology; or science. 

Both international and domestic students can study a Monash College diploma, and it offers some scholarships for domestic students.

Career opportunities

  • Economist.
  • Financial risk analyst.
  • Data analyst.
  • Financial planner.
  • Economic researcher.
  • Financial consultant.
  • Investment analyst.

Melbourne weather chart

Melbourne weather chart

Related Courses

Related courses in univly