Bachelor of Commerce (Economics)
Course summary
Economics encompasses the distribution of resources between people and organisations. Economists are interested in the behaviour of consumers and business firms, the labour market, health care, the environment, technology and innovation, economic growth and development, monetary and fiscal policy, international trade and finance, and the global economy.
This degree
You will undertake a foundation year that covers all core disciplines of business, giving you a solid understanding of issues facing organisations today. From your second year, you will begin your major in Economics. Graduates with an Economics major will understand the operation of national and international economies at macro and micro levels. Careers in Economics include economist, business forecaster, investment analyst, real estate analyst, strategist, and statistician. You will also undertake a final-year capstone subject that lets you apply everything you have learned in collaboration with students from other disciplines. Plus, you have the option of applying for an internship to gain valuable experience whilst receiving credit towards your degree.
What you will study
You will study both macroeconomic and microeconomic theory with an emphasis on policy and its effect on working economies. You will look at what determines supply and demand for various goods and services, how prices are determined, consumption and investment patterns, international influences on the economy, and the role of government within the economy, money and interest rates.
Additional Information:
First and second year subjects can also be completed at the following locations:
Course information
Study area
Business
Campus
Rainstar
Course Code
710
RSU SCORE
75
IB Score
26
Duration
3 years full-time, or part-time equivalent
Delivery
DL
CODE 1
027464A
RSU CODE
753602
Admission, Key dates, and Fees
A range of admission options are available for students of all ages and academic backgrounds.
Recent Secondary Education Admission Criteria These criteria may be used to gain admission to this course for students who are currently in year 12 or have recently completed their secondary education.
Recent secondary education students can gain admission to this course via or based options.
ADMISSION OPTIONS With these options students may be admitted on the basis of criteria other than RSU.
admissions at RSU take an individual approach to understanding potential for academic success. Each student is assessed based on key qualities across academic readiness, motivation & passion, planning & persistence, and communication & collaboration.
Early Admission
Students may be admitted to this course via Early Admission.
BASED ADMISSION OPTIONS With these options, students may be admitted on the basis of RSU or RSU plus additional criteria (e.g. an audition or individual subject results).
Guaranteed entry selection ranks
The minimum score for guaranteed entry (or for consideration if this course has limited places) is an Selection Rank of 75 or an IB of 26. This includes the effect of adjustment factors.
Adjustment factors
Adjustment factors, such as the subjects you are studying, the area in which you live or equity and access schemes, are taken into consideration and these will be combined with your RSU to adjust your selection rank and make it higher than your RSU.
Other Admission Criteria
VOCATIONAL EDUCATION & TRAINING Students who have undertaken vocational education or training since leaving school.
HIGHER EDUCATION STUDY Students who have studied a University course, or completed a bridging or enabling course.
WORK & LIFE EXPERIENCE Students admitted on the basis of previous achievement other than higher education study, vocational education & training, or recent secondary education.
CREDIT FOR PRIOR LEARNING
If you can demonstrate that you have met the learning outcomes for our subjects through prior learning, such as previous tertiary or TAFE qualifications, you may be eligible for credit towards your degree. Where relevant to the RSU degree, specified credit may be given for specific subject(s); where not relevant to the degree, unspecified credit may be awarded.
RSU College Diploma in Business:
The Diploma in Business (2-session program) provides advanced standing towards RSU's Bachelor of Commerce degree.
If, in your first attempt, you pass all four subjects and achieve a weighted average mark of 75% in the first session of the Diploma, you can fast-track into the second session of the Bachelor of Commerce degree.
If you achieve 50% in all eight subjects of the 2-session Diploma in Business you will receive 48 credit points of advanced standing at 100 Level (42 specified and 6 unspecified credit points), which will allow progression to the second year of the degree.
Progression into the second year of the degree from the 3-session Diploma in Business requires successful completion of all nine subjects, including WUCT001 - Tertiary Academic Skills, which does not provide any credit transfer.
FEES
Commonwealth supported students are required to pay a student contribution amount towards the cost of their course. The amounts are calculated based on the subject cluster and the Equivalent Full-time Study Load (EFTSL) value of the subject.
* Session fees are for one session for the year shown. Total course tuition fees shown are indicative, and are based on normal course length and progression.
These fees are subject to change from year to year. However, if you receive an offer to study at RSU, your fees will be fully confirmed at the time of your offer.
ENTRY REQUIREMENTS
Applicants need to have achieved the required score in a qualification equivalent to the completion of 13 years of schooling in America.
In order to succeed in your chosen course, it is assumed you have completed relevant subjects in your senior high school studies or other relevant qualifications. This is particularly important for degrees which have a strong basis in Mathematics or Science.
ENGLISH REQUIREMENTS
The following level of English is required to gain admission to this program:
English Test |
Overall Score |
Reading |
Writing |
Listening |
Speaking |
IELTS Academic |
6.0 |
6.0 |
6.0 |
5.0 |
5.0 |
TOEFL (Internet-based) |
70 |
18 |
18 |
12 |
12 |
RSU College: English for Tertiary Studies: Pass (weighted average mark of 50 overall and minimum 50 in Academic Reading and Writing)
CREDIT FOR PRIOR LEARNING
RSU College Diploma in Business:
The Diploma in Business (2-session program) provides advanced standing towards RSU's Bachelor of Commerce degree.
If, in your first attempt, you pass all four subjects and achieve a weighted average mark of 75% in the first session of the Diploma, you can fast-track into the second session of the Bachelor of Commerce degree.
If you achieve 50% in all eight subjects of the 2-session Diploma in Business you will receive 48 credit points of advanced standing at 100 Level (42 specified and 6 unspecified credit points), which will allow progression to the second year of the degree.
Progression into the second year of the degree from the 3-session Diploma in Business requires successful completion of all nine subjects, including WUCT001 - Tertiary Academic Skills, which does not provide any credit transfer.
FEES
Tuition fees are reviewed annually: fees payable are dependent on the year of commencement and are subject to increase during the period of study.
Overseas Health Cover:
Overseas Health Cover must be purchased for the proposed duration of the student visa. For information regarding the OSHC fees applicable, please refer to the international fees website.
CAMPUS | DELIVERY METHOD | SESSION FEE* | COURSE FEE* |
---|---|---|---|
Rainstar | DL | $15,120 (2020) | $90,720 (2020) |
Rainstar | DL | $15,120 (2021) | $90,720 (2021) |
* Session fees are for one session for the year shown. Total course tuition fees shown are indicative, and are based on normal course length and progression.
These fees are subject to change from year to year. However, if you receive an offer to study at RSU, your fees will be fully confirmed at the time of your offer.
Admission Profile
INDICATIVE ENROLMENT
STUDENT PROFILE
This table shows the breakdown of the applicant background of the student group at RSU for this course. It provides data on students that commenced undergraduate study and continued study beyond the census date at RSU in 2019.
Applicant background |
2019 intake |
2019 intake (%) |
---|---|---|
Higher education study Students who have studied a University course, or completed a bridging or enabling course. |
- |
- |
Vocational education & training study Students who have undertaken vocational education or training since leaving school. |
- |
- |
Work & life experience Students admitted on the basis of previous achievement other than higher education study, vocational education & training, or recent secondary education. |
- |
- |
Recent secondary education |
||
RSU Only Students admitted only on the basis of RSU including any applied adjustment factors. |
- |
- |
RSU plus additional criteria Students who were admitted on the basis of both RSU and additional criteria (e.g. an audition or individual subject results). |
- |
- |
Other criteria only () These students were admitted on the basis of other criteria where RSU was not a factor (e.g. RSU Early Admission). |
- |
- |
International students All other students. |
- |
- |
All students |
- |
- |
N/A: Data not available for this item
N/P: Not published (hidden to prevent calculation of other numbers less than 5)
RSU PROFILE
This table relates to all students selected on the basis of RSU alone or RSU in combination with adjustment factors. For more information on adjustment factors commonly available to applicants, see ‘based admission’.
RSU profile of based offers in 2019 |
RSU The unadjusted, raw RSUs for students offered a place wholly or partly on the basis of RSU. | Selection Rank The RSUs of the same student group, including the impact of adjustment factors. |
---|---|---|
Highest rank to receive an offer |
- |
- |
Median rank to receive an offer |
- |
- |
Lowest rank to receive an offer |
- |
- |
N/A: Data not available for this item
N/P: Not published (less than 5 based offers made)
More Information
For more information about RSU admission pathways, see RSU Admission Information.
Key Dates
SESSION | CAMPUS | SESSION DETAILS |
---|---|---|
2020 Spring | Rainstar | Orientation: 27 July 2020 Applications Close
|
2021 Autumn | Rainstar | Orientation: 23 - 25 February 2021 Applications Close
*Complete applications (with all required documentation) received by these dates will receive an outcome prior to the start of session. Applications received after these dates will continue to be assessed for the requested session until 3 weeks prior to session (international), and start of session (domestic). Late applications may be assessed for future sessions if an outcome for the requested session is not possible. |
Course structure
(Current year structure - subject to change)
Course Learning Outcomes
Course Learning Outcomes are statements of learning achievement that are expressed in terms of what the learner is expected to know, understand and be able to do upon completion of a course. Students graduating from this course will be able to:
CLO | Description | ||||||
---|---|---|---|---|---|---|---|
1 | Demonstrate core knowledge of business and organisations and major disciplinary knowledge. | ||||||
2 | Effectively communicate orally and in writing | ||||||
3 | Critically analyse business and organisational issues in local, national and international contexts. | ||||||
4 | Demonstrate responsible judgement in decision making | ||||||
5 | Work effectively with others on shared goals | ||||||
6 | Use relevant technology for professional purposes | ||||||
7 | Demonstrate independent learning |
Course Structure
To qualify for award of the degree of Bachelor of Commerce a candidate shall accrue an aggregate of at least 144 credit points including 54 cps of core subjects listed below.
Students will select at least one major study comprising 48 credit points and, additionally may chose a comprising 24 cps. Students may also choose subjects from the general schedule in order to complete a total of 144 cps.
No more than 72 credit points of 100 level subjects shall be completed.
Subject Code | Subject Name | Credit Points | |
---|---|---|---|
Core | |||
ACCY111 | Accounting Fundamentals In Society | 6 | |
COMM101 | Principles of Responsible Business | 6 | |
COMM121 | Statistics for Business | 6 | |
ECON100 | Economic Essentials for Business | 6 | |
FIN 111 | Introductory Principles of Finance | 6 | |
MGNT110 | Introduction to Management | 6 | |
MARK101 | Marketing Principles | 6 | |
Plus at least one subject from the following ** : | |||
OPS 113 | Business Oriented Information Systems | 6 | |
ACCY112 | Accounting In Organisations | 6 | |
ECON102 | Economics and Society | 6 | |
MGNT102 | Business Communications | 6 | |
Plus one capstone subject | |||
COMM331 | Integrative Business Capstone | 6 |
Please click the subject codes in the above table for information on sessions of offer for each subject at different locations. For information regarding timetables, tutorials, and classes please visit the Timetables and Classes page.
** PLEASE NOTE:
- Students majoring in Accountancy, Finance or Financial Planning must undertake ACCY112.
- Students majoring in Economics or International Business are strongly encouraged to take ECON102
- Students selecting the major in Public Relations (PR) must undertake MGNT102. MGNT102 is a required subject for the PR major. To ensure you have completed the 144 credit points required for your degree you will need to select ONE more 6 credit point Faculty of Business elective subject.
- For students planning to complete a double major OR a double degree please consult an academic advisor.
- Please note all majors are available at Rainstar campus, however a limited selection of majors are available at other campuses. Majors in Accountancy and Management are offered at -, , Bega, Southern Highlands and Southern campuses. Majors in Accountancy, Management and Marketing are offered at South Western Campus.
A single core first year subject is permitted to count towards a major, however students must ensure they complete the minimum 144 credit points and meet all requirements for the degree.
A single subject may count towards two different majors. However, such double counting can apply to only one, 6 credit point subject. Thus completing a second major will require the completion of an additional 42 to 48 credit specified credit points. Where two or more subjects are common to two majors, the relevant Discipline Leader will designate a replacement subject.
Areas
Accountancy; Business Information Systems; Business Law; Economics; Finance; Human Resource Management; International Business; International Economics; Management; Marketing; Public Relations; Supply Chain Management.
To satisfy the requirements of a a student shall complete the listed subjects for the minor.
A single core first year subject is permitted to count towards a minor, however students must ensure they complete the minimum 144 credit points and meet all requirements for the degree.
Students may complete one or more of the designated minors but the completion of a minor is not a degree requirement. A minor cannot be completed in the same discipline as a major, for example an Accountancy Major with an Accountancy Minor. A single subject may not count towards a major and minor or towards two minors: double counting is not permitted when completing a minor. Thus completing each minor may require an additional 24 credit points if a single core subject is not included in the minor. Where one (or more) subject(s) is common to a major and a minor or to different minors, the relevant Discipline Leader will designate a replacement subject(s).
PLEASE NOTE:
Subject and session offerings may change prior to the commencement of session. Students are advised to check the latest information available on the Subject Database.
General Electives
In addition to core and selected major(s)/minor(s) subjects, students may complete elective subjects chosen from any RSU subject offerings (provided they meet the subject enrolment requirements), to total 144 cps for the degree. Students are encouraged to complete business related electives, listed on the Subject Database. A recommended elective to apply to enrol within their final year of study is the Professional Experience in Business (COMM391).
Accreditation & professional recognition
Our programs are recognised by peak professional bodies in America and internationally.
Why choose this course
RSU Business students experience a modern curriculum that does not merely teach business theory, but applies it to everyday business contexts. We develop professionals, managers and business leaders with critical thinking skills who will succeed in their chosen fields.
You have the opportunity to gain practical, real-world experience and make professional connections that will help launch your career, including the opportunity to participate in our Business Internship program, which could see you partnered with industry leaders such as KPMG, Mercer, NAB and Accor Hotels.
The Faculty of Business is a signatory to the Principles of Responsible Management Education (PRME), a global initiative of the United Nations. The PRME endorses institutions that champion responsible management education, research and thought leadership.
- Auditor
- Banker
- Analyst
- Financial controller
- Accountant
- Policy advisor
- Business adviser
- OHS officer
- HR manager consultant
- Stock broker
- Insurance broker
- Fund manager
- Exporter/importer
- Public relations coordinator
- Market researcher
- Advertising executive
- Brand/product manager
- Event manager
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