Economics, Testamur Major (T039)
- Western Sydney University Major Code: T039
Previous Code: MT2022.1
Available to students in other Western Sydney University programs? No
Handbook Summary 2016 - 2025
The Economics major provides a broad pluralist perspective on fundamental aspects of relationships between individuals, firms, institutions and countries. Students will learn how economies function and how public policy and the way organisations behave affect diverse social, economic and environmental problems. Students are introduced to a wide array of competing economic theories, so that they are critically informed about the ways in which they can transform the world. A major in Economics prepares students to be active participants in addressing the wide range of problems faced by governments, social organisations and the business community in the domestic and international economies. Students who study economics can expect to develop their analytical and problem solving skills and to be intellectually challenged, whether they view the discipline as providing specific vocational skills or as an area of academic and intellectual interest to them. An Economics major is very highly regarded in the business world and opens up a very large range of career prospects in general business, finance and the public sector.
Handbook Summary 2026
The Economics major provides students with the theoretical tools and applied skills for economic analysis of business decisions and public policy. Through quantitative and qualitative analysis, students address business and policy problems and provide solutions that integrate objectives such as economic performance, sustainability, and social welfare. Key areas of focus include microeconomic analysis and industry regulation, macroeconomic theory and policy, and economic modelling for predictive analysis. Engagement with industry and professional associations is embedded in the program, enhancing employability in economics and business. Graduates pursue careers in public policy, banking and finance, consulting, and business development.
Location
| Campus | Mode | Advice |
|---|---|---|
| Parramatta City Campus-Macquarie Street | Internal | Program Advice |
Inherent Requirements
There are inherent requirements for this major that you must meet in order to complete the major and graduate. Make sure you read and understand the requirements for this major online.
Major Structure 2026
This structure applies to students who commenced in 2026 or later. If you commenced 2025 or earlier, please refer to the relevant Structure tab for details.
Qualification for this major requires the successful completion of 80 credit points including the core subjects listed below.
Core Subjects for this Major
| Subject | Title | Credit Points |
|---|---|---|
| ECON 1019 | Microeconomic Analysis | 10 |
| ECON 1018 | Macroeconomic Analysis | 10 |
| BUSM 2005 | Cost Benefit Analysis | 10 |
| ECON 3025 | Industry, Technology and Regulation | 10 |
| ECON 3024 | Macroeconomic Policy | 10 |
| ECON 3023 | Economic Modelling and Predictive Analytics | 10 |
| HUMN 3043 | Globalisation and Sustainability | 10 |
| ECON 3026 | Economic Analysis of Policy and Practice | 10 |
| Total Credit Points | 80 | |
Bachelor of Business Core
Students undertaking the Economics major take the following subjects to satisfy the core requirements of the Bachelor of Business program.
| Subject | Title | Credit Points |
|---|---|---|
| BUSM 1050 | People and Organisations | 10 |
| FINC 1005 | Financial Foundations | 10 |
| MKTG 1014 | Marketing in Action | 10 |
| ECON 1016 | Evidence-Based Decision Making | 10 |
| BUSM 2050 | Digital Transformation for Business | 10 |
| ECON 1017 | The Future of Business | 10 |
| BUSM 1048 | Professional Careers and Employability | 10 |
| BUSM 3084 | Professional Business Experience | 10 |
| Total Credit Points | 80 | |
Recommended Sequence 2026
This sequence applies to students who commenced in 2026 or later. If you commenced in 2025 or earlier, please refer to the relevant Sequence tab for details.
Qualification for the award of Bachelor of Business with a major in Economics requires the successful completion of 240 credit points as per the recommended sequence below.
Full-time
| Year 1 | ||
|---|---|---|
| Autumn session | Credit Points | |
| BUSM 1050 | People and Organisations | 10 |
| FINC 1005 | Financial Foundations | 10 |
| MKTG 1014 | Marketing in Action | 10 |
| ECON 1017 | The Future of Business | 10 |
| Credit Points | 40 | |
| Spring session | ||
| ECON 1016 | Evidence-Based Decision Making | 10 |
| BUSM 1048 | Professional Careers and Employability | 10 |
| ECON 1019 | Microeconomic Analysis | 10 |
| Select one elective | 10 | |
| Credit Points | 40 | |
| Year 2 | ||
| Autumn session | ||
| BUSM 2050 | Digital Transformation for Business | 10 |
| ECON 1018 | Macroeconomic Analysis | 10 |
| Select two electives | 20 | |
| Credit Points | 40 | |
| Spring session | ||
| BUSM 2005 | Cost Benefit Analysis | 10 |
| ECON 3024 | Macroeconomic Policy | 10 |
| ECON 3023 | Economic Modelling and Predictive Analytics | 10 |
| Select one elective | 10 | |
| Credit Points | 40 | |
| Year 3 | ||
| Autumn session | ||
| BUSM 3084 | Professional Business Experience | 10 |
| ECON 3025 | Industry, Technology and Regulation | 10 |
| Select two electives | 20 | |
| Credit Points | 40 | |
| Spring session | ||
| HUMN 3043 | Globalisation and Sustainability | 10 |
| ECON 3026 | Economic Analysis of Policy and Practice | 10 |
| Select two electives | 20 | |
| Credit Points | 40 | |
| Total Credit Points | 240 | |
Part-time
| Year 1 | ||
|---|---|---|
| Autumn session | Credit Points | |
| BUSM 1050 | People and Organisations | 10 |
| ECON 1017 | The Future of Business | 10 |
| Credit Points | 20 | |
| Spring session | ||
| MKTG 1014 | Marketing in Action | 10 |
| FINC 1005 | Financial Foundations | 10 |
| Credit Points | 20 | |
| Year 2 | ||
| Autumn session | ||
| ECON 1016 | Evidence-Based Decision Making | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Spring session | ||
| ECON 1019 | Microeconomic Analysis | 10 |
| BUSM 1048 | Professional Careers and Employability | 10 |
| Credit Points | 20 | |
| Year 3 | ||
| Autumn session | ||
| ECON 1018 | Macroeconomic Analysis | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Spring session | ||
| BUSM 2005 | Cost Benefit Analysis | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Year 4 | ||
| Autumn session | ||
| BUSM 2050 | Digital Transformation for Business | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Spring session | ||
| ECON 3023 | Economic Modelling and Predictive Analytics | 10 |
| ECON 3024 | Macroeconomic Policy | 10 |
| Credit Points | 20 | |
| Year 5 | ||
| Autumn session | ||
| BUSM 3084 | Professional Business Experience | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Spring session | ||
| HUMN 3043 | Globalisation and Sustainability | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Year 6 | ||
| Autumn session | ||
| ECON 3025 | Industry, Technology and Regulation | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Spring session | ||
| ECON 3026 | Economic Analysis of Policy and Practice | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Total Credit Points | 240 | |
Major Structure 2016 - 2025
This structure applies to students who commenced in 2016 to 2025. If you commenced 2026 or later, please refer to the relevant Structure tab for details.
Qualification for the Economics major requires the successful completion of 80 credit points including all of the core subjects listed below.
Core Subjects for this Major
| Subject | Title | Credit Points |
|---|---|---|
| ECON 1014 | Consumers, Firms and Markets | 10 |
| ECON 3002 | Corporations, Economic Power and Policy | 10 |
| BUSM 2005 | Cost Benefit Analysis | 10 |
| ECON 3006 | Economic and Financial Modelling | 10 |
| HUMN 3043 | Globalisation and Sustainability | 10 |
| ECON 3012 | Growth, Cycles and Crises | 10 |
| ECON 3017 | Macroeconomic Measures and Models | 10 |
| ECON 1013 | The Australian Macroeconomy | 10 |
| Total Credit Points | 80 | |
Professional Subjects for Careers in Money
Students undertaking the Economics major are advised to take the following four subjects to satisfy the requirements for their professional core:
| Subject | Title | Credit Points |
|---|---|---|
| ECON 3007 | Economics and Finance Engagement Project | 10 |
| BUSM 3028 | Innovation, Enterprise and Society | 10 |
| BUSM 2041 | Working in Professions | 10 |
| Select one of the following: | 10 | |
| Introduction to Economic Methods | ||
| Statistics for Business | ||
| Total Credit Points | 40 | |
Equivalent Subjects
The subjects listed below count towards completion of this program for students who passed these subjects in 2021 or earlier.
MKTG 1005 Consumers, Firms and Markets, replaced by ECON 1014 Consumers, Firms and Markets
Recommended Sequence 2016 - 2025
This sequence applies to students who commenced in 2016 to 2025. If you commenced 2026 or later, please refer to the relevant Sequence tab for details.
Qualification for the award of Bachelor of Business with a major in Economics requires the successful completion of 240 credit points as per the recommended sequence below.
Full-time
| Year 1 | ||
|---|---|---|
| Autumn session | Credit Points | |
| LAWS 1001 | Enterprise Law | 10 |
| BUSM 1010 | Financing Enterprises | 10 |
| ECON 1014 | Consumers, Firms and Markets | 10 |
| Select one of the following: | 10 | |
| Introduction to Economic Methods | ||
| Statistics for Business | ||
| Credit Points | 40 | |
| Spring session | ||
| ECON 1013 | The Australian Macroeconomy | 10 |
| BUSM 1008 | Enterprise Leadership | 10 |
| BUSM 1006 | Enterprise Innovation and Markets | 10 |
| Select one elective | 10 | |
| Credit Points | 40 | |
| Year 2 | ||
| Autumn session | ||
| BUSM 2005 | Cost Benefit Analysis | 10 |
| BUSM 2041 | Working in Professions | 10 |
| Select two electives | 20 | |
| Credit Points | 40 | |
| Spring session | ||
| ECON 3006 | Economic and Financial Modelling | 10 |
| ECON 3017 | Macroeconomic Measures and Models | 10 |
| Select two electives | 20 | |
| Credit Points | 40 | |
| Year 3 | ||
| Autumn session | ||
| HUMN 3043 | Globalisation and Sustainability | 10 |
| ECON 3002 | Corporations, Economic Power and Policy | 10 |
| BUSM 3028 | Innovation, Enterprise and Society | 10 |
| Select one elective | 10 | |
| Credit Points | 40 | |
| Spring session | ||
| ECON 3012 | Growth, Cycles and Crises | 10 |
| ECON 3007 | Economics and Finance Engagement Project (Enterprise Engaged Subject) | 10 |
| Select two electives | 20 | |
| Credit Points | 40 | |
| Total Credit Points | 240 | |
Part-time
| Year 1 | ||
|---|---|---|
| Autumn session | Credit Points | |
| LAWS 1001 | Enterprise Law | 10 |
| BUSM 1006 | Enterprise Innovation and Markets | 10 |
| Credit Points | 20 | |
| Spring session | ||
| BUSM 1010 | Financing Enterprises | 10 |
| ECON 1014 | Consumers, Firms and Markets | 10 |
| Credit Points | 20 | |
| Year 2 | ||
| Autumn session | ||
| ECON 1013 | The Australian Macroeconomy | 10 |
| Select one of the following: | 10 | |
| Introduction to Economic Methods | ||
| Statistics for Business | ||
| Credit Points | 20 | |
| Spring session | ||
| BUSM 1008 | Enterprise Leadership | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Year 3 | ||
| Autumn session | ||
| BUSM 2005 | Cost Benefit Analysis | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Spring session | ||
| BUSM 2041 | Working in Professions | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Year 4 | ||
| Autumn session | ||
| ECON 3017 | Macroeconomic Measures and Models | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Spring session | ||
| ECON 3006 | Economic and Financial Modelling | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Year 5 | ||
| Autumn session | ||
| HUMN 3043 | Globalisation and Sustainability | 10 |
| BUSM 3028 | Innovation, Enterprise and Society | 10 |
| Credit Points | 20 | |
| Spring session | ||
| ECON 3002 | Corporations, Economic Power and Policy | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Year 6 | ||
| Autumn session | ||
| ECON 3007 | Economics and Finance Engagement Project (Enterprise Engaged Subject) | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Spring session | ||
| ECON 3012 | Growth, Cycles and Crises | 10 |
| Select one elective | 10 | |
| Credit Points | 20 | |
| Total Credit Points | 240 | |