Economics, Testamur Major

  • Western Sydney University Major Code: T039

Previous Code: MT2022.1

Available to students in other Western Sydney University programs?  No

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.

Location

Campus Mode Advice
Parramatta City Campus-Macquarie Street Internal Program Advice

Major Structure

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 1014Consumers, Firms and Markets10
ECON 3002Corporations, Economic Power and Policy10
BUSM 2005Cost Benefit Analysis10
ECON 3006Economic and Financial Modelling10
HUMN 3043Globalisation and Sustainability10
ECON 3012Growth, Cycles and Crises10
ECON 3017Macroeconomic Measures and Models10
ECON 1013The Australian Macroeconomy10
Total Credit Points80

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 3007Economics and Finance Engagement Project10
BUSM 3028Innovation, Enterprise and Society10
BUSM 2041Working in Professions10
Select one of the following:10
Introduction to Economic Methods
Statistics for Business
Total Credit Points40

 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

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

Plan of Study Grid
Year 1
Autumn sessionCredit 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 Points40
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 Points40
Year 2
Autumn session
BUSM 2005 Cost Benefit Analysis 10
BUSM 2041 Working in Professions 10
Select two electives 20
 Credit Points40
Spring session
ECON 3006 Economic and Financial Modelling 10
ECON 3017 Macroeconomic Measures and Models 10
Select two electives 20
 Credit Points40
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 Points40
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 Points40
 Total Credit Points240

Part-time

Plan of Study Grid
Year 1
Autumn sessionCredit Points
LAWS 1001 Enterprise Law 10
BUSM 1006 Enterprise Innovation and Markets 10
 Credit Points20
Spring session
BUSM 1010 Financing Enterprises 10
ECON 1014 Consumers, Firms and Markets 10
 Credit Points20
Year 2
Autumn session
ECON 1013 The Australian Macroeconomy 10
Select one of the following: 10
Introduction to Economic Methods  
Statistics for Business  
 Credit Points20
Spring session
BUSM 1008 Enterprise Leadership 10
Select one elective 10
 Credit Points20
Year 3
Autumn session
BUSM 2005 Cost Benefit Analysis 10
Select one elective 10
 Credit Points20
Spring session
BUSM 2041 Working in Professions 10
Select one elective 10
 Credit Points20
Year 4
Autumn session
ECON 3017 Macroeconomic Measures and Models 10
Select one elective 10
 Credit Points20
Spring session
ECON 3006 Economic and Financial Modelling 10
Select one elective 10
 Credit Points20
Year 5
Autumn session
HUMN 3043 Globalisation and Sustainability 10
BUSM 3028 Innovation, Enterprise and Society 10
 Credit Points20
Spring session
ECON 3002 Corporations, Economic Power and Policy 10
Select one elective 10
 Credit Points20
Year 6
Autumn session
ECON 3007 Economics and Finance Engagement Project (Enterprise Engaged Subject) 10
Select one elective 10
 Credit Points20
Spring session
ECON 3012 Growth, Cycles and Crises 10
Select one elective 10
 Credit Points20
 Total Credit Points240