Bachelor of Economics and Finance
Course summary
Economics is concerned with the big picture how a country, region or particular market is operating; while finance is a more microscopic look at industry risk and return on investment. The two disciplines complement each other giving you a more complete picture of the business world and open many doors to sought-after careers.
This degree
The Bachelor of Economics and Finance is for high achievers and as a graduate of the degree, you will be able to identify and apply the tools of analysis to a wide range of economic issues, including the behaviour of consumers and firms, the labour market, the environment, fiscal and monetary policy, and international trade.
Students will develop the skills necessary to make responsible professional judgements in their economic and financial decision-making. Your final year culminates with an exciting applied research project capstone subject. This experiential learning opportunity offers an international workplace-based project, or more traditional research-based project.
What you will study
You will study the theory, policies, practices and institutions of both the domestic and global economies. You will also develop expertise in the ways individuals, businesses and other organisations raise, allocate and use money.
Additional Information:
The first year of the degree can also be completed at the following locations:
- RSU - 753672
- RSU - 753673
- RSU - - 753671
- RSU - 753674
- RSU Southern - 753675
Course information
Study area
Business
Campus
Rainstar, Southern ,
Course Code
326
RSU SCORE
80
IB Score
29
Duration
3 years full-time or part-time equivalent
Delivery
DL
CODE 1
075271A
RSU CODE
753670 - 753675
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 80 or an IB of 29. 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.
Successful completion of the RSU College Diploma in Business with a weighted average mark of 75% provides entry into the second year of the Bachelor of Economics and Finance. Candidates should confirm their program of study with the Course Co-ordinator.
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)
Other qualifications may also be considered. Full details can be found on our International website.
CREDIT FOR PRIOR LEARNING
Successful completion of the RSU College Diploma in Business with a weighted average mark of 75% provides entry into the second year of the Bachelor of Economics and Finance. Candidates should confirm their program of study with the Course Co-ordinator.
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
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 | Coherently explain and integrate theoretical and technical economic and finance knowledge. | ||||||
| 2 | Apply theoretical and technical economic and finance knowledge in order to make informed judgments and decisions to solving problems. | ||||||
| 3 | Critically analyse and evaluate data and information to support decision-making in business and policy settings. | ||||||
| 4 | Apply a wide range of empirical techniques to exercise professional judgement in addressing economic and finance problems. | ||||||
| 5 | Communicate knowledge and information to both specialist and non-specialist audiences, orally and in writing. | ||||||
| 6 | Apply an adaptive and collaborative approach to working with others in a variety of business and professional environments. | ||||||
| 7 | Reflect on economic and financial events and how they relate to finance principles and/or economic way of thinking. | ||||||
Course Structure
To qualify for the award of the degree of Bachelor of Economics and Finance, a candidate must complete a total of at least 144 credit points. 120 credit points will come from core subjects listed below. An additional 24 credit points of elective subjects shall be taken to make up a total of 144 credit points to qualify for the degree.
| Subject Code | Subject Name | Credit Points |
|---|---|---|
| ACCY111 | Accounting Fundamentals In Society | 6 |
| ACCY112 | Accounting In Organisations | 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 |
| ACCY200 | Financial Accounting IIA | 6 |
| ECON222 | Mathematics for Business | 6 |
| ECON205 | Macroeconomic Theory and Policy | 6 |
| ECON215 | Microeconomic Theory and Policy | 6 |
| FIN 222 | Corporate Finance | 6 |
| FIN 223 | Investment Analysis | 6 |
| FIN 226 | Financial Markets & Institutions | 6 |
| FIN 323 | Portfolio Analysis | 6 |
| FIN 324 | Financial Statement Analysis | 6 |
| ECON305 | Economic Policy | 6 |
| ECON315 | Macroeconomic Essentials for Business III | 6 |
| ECON331 | Financial Economics | 6 |
| ECON339 | Applied Financial Modelling | 6 |
| COMM330 | Economics and Finance Applied Research Project | 6 |
Please click the subject codes in the above table for information on sessions of offer for each subject at different locations.
NOTES:
• Double counting is not permitted when completing a minor.
• No more than 60 credit points shall be for 100-level subjects.
• 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.
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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