faculty of business & economics undergraduate course guide 2013

7/30/2019 Faculty of Business & Economics Undergraduate Course Guide 2013

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www.buseco.monash.edu.au

Business and Economics

Undergraduate Course

Guide 2013
http://www.buseco.monash.edu.au/http://www.buseco.monash.edu.au/


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www.buseco.monash.edu.au

be?

youwant to

WHAT DOBut i youre not s ure yet, let you r interests drive yo u. Were the largest bus iness aculty in

Australia, so youve got more choi ce at Monash than anywhere else in the countr y. Were exible

too. You can usually change direction i your interests shit partway through your degree.

And i you want to co mbine you r Busi ness or C ommerce degree wi th Law, or Engineer ing,

or any other discipline, Monash has one o the best double degree programs around. You can

even build it up with international study, industrybased learning and postgraduate degrees.

Every industr y needs people w ith bus iness ex perti se so the skills y ou learn at Monash will

always be valuable no matter where you choose to work.

Be anything you want to beEconomi st. Sto ckbroker. Mark eting Exe cutive. Billion aire.

We might not be able to guarantee that last one, but a

degree rom Monash Universitys Faculty o Business

and Economics is a good irst step.

I you alre ady know what you want to be great!

Were bound to have a course that will start you moving

in the right direction straight away.

Businessmeetings

by thepool !ECO-TOURISM

RESORT MANAGER,

QUEENSLAND

Forecastor my

uturegrowth!DIRECTOR,

IMF FRANKFURT

Yes,PrimeMinister.

Politic al Ad viso r,Canberra

Manhattanlooks goodfrom uphereEntrepreneur, NYC

Im goingto make adifference.Economic Advisor, UN
http://www.buseco.monash.edu.au/http://www.buseco.monash.edu.au/


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When youre doing the work youre meant

to do, it feels right and every day is a bonus,

regardless of what you get paid.Oprah Winfrey (1954-)

Be Prepared

When youre about to start work, its great i you can stand out rom the rest.

We can help you do that. Industrybased learning is just one way to get aheado the game its a way o turning your degree into the career you want.

As part o your cours e, you may be a ble to spe nd some t ime workin g within a re al organi sation,

so you can s tart get ting to k now the in dustr y rom the inside .

What kind o work you do depends on the majors youve chosen which ensures your experience

is relevant to your uture. And it can even count towards your inal results.

This means that when you inish uni, you dont just start your career with an internationally

respected qualiication, youre also armed with handson experience.

LOUISE TONIZZOBachelor o Arts and Bachelor o Commerce

Majors Philosophy and FinanceCurrent role: Corporate Reorganisation Group,Deloitte Touche Tohmatsu

I work within the insolvency and debtadvisory practice of Deloitte ToucheTohmatsu. The team is involved in companyinsolvencies including receivership,administration and liquidation, personalbankruptcy, as well as providing advice tostressed organisations to prevent suchinsolvency.

NEVASHA WOODBachelor o Business

Majors Human Resource ManagementCurrent role: HR Coordinator, Myer

I am currently positioned in the LineManager Advisory Centre in Myer, providingadvice to line managers on a range ofhuman resources issues across all of our65 stores. Because of this, every day isdifferent and, because I need to draw ona range of areas, Im finding my studies inhuman resource management are provingvery useful. HR Strategy, PerformanceManagement, Managing Conflict andEmployment Law are all units that havebeen particularly useful in carrying outmy present role.

Pleasure in the job puts perectionin the work.Aristotle (384BC322BC)

IM ON

THE RIGHT

TRACK,BABY, I WASBORN THIS

WAY.LADY GAGA (1986)

JARROD BAYLISS-MCCULLOCHBachelor o Commerce and Bachelor o Laws

Major AccountingCurrent role: Consultant,Strategic Workorce Planning, Aruspex

Working in aid and humanitarianorganisations will be an importantpart of my future.

CHRIS TSEBachelor o Economics (Honours)

Majors Finance and EconometricsCurrent role: Investment Analyst, AustralianSuper

I work for one of the largest industrysuperannuation funds in Australia, and myrole involves the analysis and implementationof investment strategies. The diversity of tasksmeans that there is never a dull moment.

JANE WICKHAMBachelor o Business

Majors Accounting and Banking & FinanceCurrent role: Accountant, Ernst & Young

I specialise in clients who operate in thebanking and capital markets. This hasalways been an area of interest for me.By completing a second major in bankingand finance I have been able to apply theknowledge learned at Monash to betterservice my clients.

GABRIEL TUGENDHAFTBachelor o Commerce and Bacheloro Business Systems

Majors Finance

Current role: Consultant,SMS Management & Technology

Like many students beginning University,I did not have a definitive idea of what Iwanted to do. The broad first year commercesubjects allowed me to explore differentareas which helped pave the direction Iwanted to take.

I now work in the Information and DataManagement space as a Consultant, helpingtier one companies across government,financial services, ICT and utilities sectorsto redesign and refine their reportingprocesses. Part of this involves helpingclients streamline their existing processesand to help structure and utilise their datain a more productive way to obtain greatbusiness insights.


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BUSECO.MONASH.EDU.AU/FUTURE

beadventurousCHOOSE YOUR jOB. CHOOSE YOUR DESTINATION. CHOOSE YOUR QUALIFICATION.

AT MONASH, YOU CAN CHOOSE YOUR OWN ADvENTURE.

New York Time s Emergin g/ Trendence G lobalEmployabi lity Ranking publis hed in October 2011.

Be anythingSo, where does a business or commerce degree take you? You already

know its the fast track to a stellar career as an economist, accountantor human resources consultant.

What you might not realise is that Business and Commerce graduatesare employed in the arts, in media, in advertising, in health, and in athousand other areas we dont have room to list. Because when youthink about it, every industry is underpinned by smart business skills.

And, according to the people who know,* employment opportunitiesfor economists, actuaries, human resource professionals and marketingprofessionals are only increasing.

Whether you are managing the operations of a multi-nationalorganisation or the marketing of a boutique design house, yourean invaluable asset to pretty much any sector you want to work in.

* The Department of Education, Employment and Workplace Relations (2011)Job Outlook [Data file]. Retrieved 2 December 2011, from http://joboutlook.gov.au/

Be anywhereA Business or Commerce degree can take

you places literally.

A career in business opens up heaps ofopportunities to work overseas, so we thinkits a good idea to build up some internationalexperience now, while youre studying.

Our exchange programs can take you allover the world, to universities in Europe, Asia,North and Central America and more. If youdont want to do an exchange, we offer studytours and international internships as well.

With eight campuses across four continents,and exchange agreements with a massive115 universities all over the world, Monashcan be your passport to some amazingoverseas experiences.

Your career is an adventure. Not a swash-

buckling adventure on the high seas, but itcan be something far more exciting.

With a Business or Commerce degree, you

can choose your own adventure and its

all up to you.

You can work in advertising, business law

or strategy, in health, the arts or the media.

You can run your own business, a large multi-

national corporation or a not-for-profit

organisation. You can be an analyst, a comm-

unications co-ordinator or a tax advisor. You

can specialise in human resources, banking,

tourism, sport, psychology or sustainability.

And thats just the tip of the iceberg.

In your hometown or on the other side of

the world, you can do what interests you

wherever you want to do it.

You can even change your mind, change

direction and change your life, without having

to change your qualifications.

So why Business or Commerce at Monash?

Well, at Monash you have a really wideselection of majors to choose from (lots more

than most unis), so your course is more likely

to keep you interested and be relevant in the

long run.

If youre keen to work on your leadership

skills, there are lots of co-curricular programs

to get involved with too, like the Peers

Ambassadors and Leaders (PAL) Program.

And of course, with one of the best double

degree programs in Australia, you can

combine your Business or Commerce degree

with a degree from another faculty, and

usually add just one more year to your studies.

Youll graduate more qualified, more versatile,

and more employable than your competition.

Its your life, your choice your adventure.

Be openIf your skills and passions are varied, a double

degree might be right for you.

At Monash you can combine two degrees,and a lot of the time it only means one extrayear of study.

If you know exactly what you want to do,double degrees let you expand your areasof specialisation combining business skillswith most other professions including law,engineering, journalism and music. That way,you make yourself even more valuable to theindustry you want to be a part of.

But if you havent planned every detail of yourfuture from the moment you leave school,dont panic. Thats actually pretty normal.A double degree lets you study a range ofinterests, keep your career options open, anddoubles your opportunities when you graduate.

Our double degree program is one of thebest in Australia. Its all about optimising youroptions, and making the most of your studies.

According to the Times HigherEducation World UniversityRankings, were in the top 1%

o universities worldwide.www.timeshighereducation.co.uk/worlduniversityrankings

Top 1%

No.1Global CEOs and chairmen regardMonash as the best university in Australia

from which to recruit graduates.

Be bold
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NOT SURE

WHAT YOUWANT TO BE?

TURN OvER...

Know whatyou want to be?Go to page 16...

believein your own choices

If we did all the thingswe are capable of doing,we would astound ourselves.Thomas A. Edison


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To work out the best course or you, wevedevised this completely accurate* scientifcally

proven* method to help you get it right.

*Not really true, but you knew that alread y, didnt you?

We believe you should explore all the options. But wealso think that matching your strengths and yourinterests to the right course is a good place to start.

What do you like? What are you good at? Are you allabout the numbers? Or do you like to see how thingswork on a global scale? Consider what interests youmost, and which majors those interests might relate to.

Once youve sorted that out, youll be on your wayto finding the course that fits you best.

Im a neat freakTheres a place for you inAccountingActuarial StudiesBusiness lawData visualisation and modellingFinanceBusiness modelling

People fascinate meThen you might beinterested inPsychologyMarketingHuman resource managementSports managementManagement studiesTourism

Philosophy and politics*

* This major can only be taken as a second major.

Money isnt everythingMajors like these can help youmake a differenceBusiness strategySustainabilityHuman resource managementMarketingManagementEconomicsTourism

Theres always a logical answerIt makes sense to look at majors like...Actuarial studiesData visualisation and modellingBusiness modellingEconometricsBusiness lawQuantitative economicsPhilosophy and politics*


What is a major?A major is the completion of (normally) eightunits that together make up a specialisationwithin a degree. Some majors, like psychology,need a few more. When you enrol, we will meetwith you to plan your course that is, work outwhat units you will be studying. Well work withyou to make sure you meet the requirementsof your preferred major(s).

I love numbers. Is that wrong?People who love numbers often like...AccountingActuarial studiesFinanceQuantitative economicsEconometricsFinancial and insurance mathematics

betrue

I think on a global scaleYou should look into courseswhich includeBanking and financeBusiness strategyEconomicsSustainabilityManagementInternational businessInternational commerce

to who you are


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ECONOMETRICS

What is it?Econometricians use mathematical techniquesto make predictions about the impact of aneconomic change. Econometricians couldanswer questions like: What will be the impactof a proposed taxation change? Does changinga work environment in a cer tain way improveproductivity? Answering these types of

questions helps decision makers in industryand government to understand the economicimpact of different policy options.

Examples of units offered in the major- Introductory econometrics- Business statistics- Data analysis in business- Quantitative business analysis- Business forecasting- Survey data analysis

Career opportunitiesEconomic Research Analyst, QuantitativeRisk Analyst, Predictive Analytics Specialist

majors includeOUR

buseco.monash.edu.au/1

ACTUARIAL STUDIES

What is it?Actuaries identify, analyse and assess risk.They determine the likelihood of economicor property losses such as those that occurduring natural disasters and calculateinsurance premiums that allow individuals,business and governments to insure againstthese risks. Actuaries do this by applying theconcepts of mathematics and statistics toreal life scenarios.

Examples of units offered in the major- Data modelling and computing- Actuarial statistics- Probability and statistical inference

for economics and business- Financial institutions and markets- Financial econometrics- Contingencies in insurance and pensions

Career opportunitiesInsurance Actuary, Pricing Actuary,Investment Actuary Analyst, Product

Development Actuary, Credit Risk Analyst,Pension Risk Manager

BUSINESS LAW*

What is it?Graduates in Business Law typically providein-house advice that enables organisationsto operate effectively in the complex legalenvironment that governs business activities.They deal with the business implications ofnational and state laws relating to areas suchas contracts, trade practices, employment,insurance, wills and estate planning, andconsumer and creditor protection as wellas real estate, tax, and the environment.

Examples of units offered in the major- Commercial law- Corporations law- Corporate crime- Banking law- Environmental law for business- Marketing law- Stock exchange and derivatives law

Career opportunitiesCompliance Manager, Regulatory

Affairs Adviser, Due Diligence Analyst,Sourcing & Contract Analyst

* This major does not qualify you to act as a solicitor

or barrister.

BUSINESS MODELLING

What is it?Business modellers use data to identify andanalyse business opportunities. They alsouse data to simulate the performance of abusiness using a range of different assumptions.These simulations are sometimes known asscenario or what-if models and they enablemanagers to refine strategies and optimiseresource allocation to achieve the bestpossible outcomes.

Examples of units offered in the major- Data modelling and computing- Mathematics for economics & business- Integrated economic modelling- Modelling in finance- Business modelling methods- Risk and business modelling- Applied forecasting for business

and economics

Career opportunitiesBusiness Data Analyst, Data Modeller,

Manager Financial Risk Analytics,Economic Capital Statistician,Business Development Analyst

DATA vISUALISATIONAND MODELLING

What is it?Decision makers in organisations rely oninformation to make decisions but theyare frequently faced with situations in whichthere is simply too much data availableor the data that is available is difficult tointerpret. Credit card purchasing data anddata from loyalty schemes like Flybuys orfrequent flyer programs are good examples.Data visualisation takes numbers or dataand presents them in a visual format usinggraphs, charts or simulations so that theinformation is clear and easy to understand.People in this field are often skilled inextracting information from databases orother sources, interpreting the data andworking out mathematical models about it.

Examples of units offered in the major- Business statistics- Accounting information systems

and financial modelling- Introductory economics- Database- Computer models for business

decision making- Business intelligence and data warehousing- Information visualisation

Career opportunitiesBusiness Analyst, Head of Model Validation,Financial Modeller, Data Specialist,Statistical Researcher

ECONOMICS

What is it?Economists analyse the production, distribution,and consumption of goods and services.They focus on how individuals, households,firms and governments interact and howeconomies work. Microeconomics examinesthe behaviour of buyers and sellers in theeconomy while macroeconomics analysesthe entire economy and issues affecting it,including unemployment, inflation, economicgrowth, and monetary and fiscal policy.

Examples of units offered in the major- Economics of climate change- International economics- Prosperity, poverty and sustainability

in a globalised world- Industrial organisation and regulation- Monetary economics- Economics of developing countries- Sports economics- Multinational trade and investment

Career opportunitiesApplied Industry Economist, EnvironmentalEconomist, Financial Economist, LabourMarket Economist, Resource Economist,Taxation Economist

ACCOUNTING

What is it?Accounting is the systematic recording,reporting, and analysis of financialtransactions. It can be done on a largescale for international corporations or for individuals or for any sized businessin-between. There are agreed national andinternational rules and regulations that govern

the work of accountants. Accounting allows acompany to analyse its financial performance,and report important statistics such as profitand loss to managers and shareholders.

Examples of units offered in the major- Principles of accounting and finance- Financial accounting- Cost information for decision making- Corporate finance- Performance measurement and control- Auditing and assurance

Career opportunitiesAuditor, Budget Accountant, Bursar,Cost Accountant, Finance Manager,Forensic Accountant, Investment Analyst,Liquidator and Receiver, Tax Consultant/Agent, Treasurer

BANKING AND FINANCE

What is it?Finance is often defined simply as themanagement of money. This can relate tothe finances of individuals and families, ofbusinesses, and of governments. It caninclude consideration of investment risks.Retail, investment and other banks offerfinancial services which are designed to assist

with money management, making them animportant part of a financial system.

Examples of units offered in the major- Money and capital markets- Commercial banking and finance- Financial management- Investments and portfolio management- Credit analysis and lending management- Management ethics and corporate

governance- Treasury management

Career opportunitiesCorporate Finance Analyst, Finance Director,Commodities Trader, Financial ReportingManager, Investment Banker

BUSINESS LAW AND TAxATION

What is it?Graduates in Business Law and Taxationtypically provide in-house advice that enablesorganisations to operate effectively in thecomplex legal and taxation environment thatgoverns business activities. The principlefocus is on the management of taxationissues and the taxation units offered also

provide the basis for a career as a tax agentor tax adviser.

Examples of units offered in the major- Business law- Taxation law- Finance law- Workplace law- International trade law- Australian company law- Stock exchange and derivatives law- Marketing law

Career opportunitiesTax Advisor / Agent, Wealth Planning TrustRelationship Manager, Head of Trust Services,Tax Manager

BUSINESS STRATEGY

What is it?Business strategists develop action plans thatare designed to guide business operationsand investment decisions, and to maximisereturns on investment. Business strategiesare continually reviewed and updated to takeinto account new opportunities or unforeseencircumstances, such as a global financial

crisis, or the entry into the market of a newcompetitor business.

Examples of units offered in the major- Systems thinking for business- Stakeholder behaviour and communication- Financial management- Cross cultural management

and communication- Business information and systems- Business strategy- Project and innovation management- Organisation governance and ethics

Career opportunitiesBusiness Strategy and Planning Analyst,Commercial Development Manager,Product Strategy Manager, Planning Manager,Strategy Advisor

FINANCE

What is it?Financial institutions work with individual andinstitutional investors. They develop, negotiate,sell and trade financial products (assets andliabilities) and provide financial advice to assisttheir clients to obtain the financial productsmost suitable for their needs.

Examples of units offered in the major- Principles of accounting and finance- Corporate finance- Financial institutions and markets- Equities and investment analysis- Debt markets & fixed income securities- International finance- Advanced corporate finance

Career opportunitiesGroup Finance Director, CommoditiesFinance Manager, Financial Advisor, ProjectFinance Analyst, Trade Finance Specialist,Client Services Manager, Stockbroker
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MANAGEMENT

What is it?If you are interested in a business degreeyou will probably want, at some point in yourcareer, to move into a management role.Managers plan, organise, lead, and control.Good managers are essential to the successfulrunning of any business no matter what its size.

Examples of units offered in the major- Introduction to management- Managerial communication- Organisational change- International business- Organisational behaviour- Strategic management- Managing employee relations

Career opportunitiesGeneral Manager, Human Resource Manager,Occupational Health & Safety Manager,Industrial Relations Manager, Project Manager,Business Development Manager, Entrepreneur

HUMAN RESOURCE MANAGEMENT

What is it?Human resource professionals are typicallyresponsible for making sure a workplace isproductive, harmonious and safe. They managestaff recruitment and salary payments, andprovide managers with expert advice onconflict resolution and staff retention.

Examples of units offered in the major- Introduction to management- Managing employee relations- Organisational behaviour- Employment law- Employee relations- Human resource strategy

Career opportunitiesHuman Resource Business Partner,Human Resource Analyst, Head of HumanResources, Organisational Change Consultant,Talent and Development Specialist,Learning and Development Associate,Recruitment Consultant

Head to our website buseco.monash.edu.au to ind out about our other majors.



FINANCIAL ANDINSURANCE MATHEMATICS

What is it?Experts in the area of financial and insurancemathematics apply mathematical andstatistical techniques to the understandingof financial markets. Like actuaries theydetermine the likelihood of specific outcomesand develop strategies that allow businessesand governments to either pursue newbusiness opportunities or insure against risks.

Examples of units offered in the major- Introductory econometrics- Probability and statistical inference

for economics and business- Mathematics for economics and business- Financial mathematics- Random processes in the sciences

and engineering- Bayesian modelling and risk analysis- Contingencies in insurance and pensions

Career opportunities

Financial Analyst, Investment FinanceManager, Corporate Finance & TransactionServices Analyst, Insurance Analyst,Superannuation Analyst, Hedge FundAnalyst, International Funds Manager

INTERNATIONAL BUSINESS

What is it?International business covers all businesstransactions involving participants from twoor more countries. It is a field of managementwhich deals with the special features of movinggoods, services, capital, personnel, informationand technology between countries.

Examples of units offered in the major- International financial management- International trade law- Trade finance and foreign exchange- International business- Cross cultural communication

and negotiation- International management- International business strategy- International marketing

Career opportunitiesBusiness Partnering Manager, BusinessTransformation Director, BusinessDevelopment Manager, International Sales

Representative, International BusinessDevelopment Executive, Business Analyst(International Logistics)

MARKETING

What is it?Identifying and satisfying customer needsprofitably form the basis of marketing. Itincludes creating, communicating, deliveringand exchanging goods and services that havevalue to potential customers and, often,building strong relationships between anorganisation and its customers. It can includemarket research, product development andcommunication strategies as well as productdelivery logistics.

Examples of units offered in the major- Principles of marketing- Buyer behaviour in marketing- Marketing decision analysis- Marketing research methods- Brand management- Not for profit marketing- Sport marketing and sponsorship- Services marketing

Career opportunities

Marketing Management, Market Researcher,Social Media Marketer, Brand Manager,Public Relations Consultant, AdvertisementExecutive, Media & Communications Consultant

QUANTITATIvE ECONOMICS

What is it?Quantitative economics involves applyingmathematical concepts to economic theoriesand situations. Essentially it combineseconomics with business statistics andeconometrics and it allows you to applythe principles of economics and statisticalmethods to decision making in the areasof business and public economic policy.

Examples of units offered in the major- Business statistics- Macroeconomics- Macroeconomic and monetary policy- Managerial economics- Economics of international trade- Business, competition and r egulation- Introductory econometrics- Quantitative economic analysis

Career opportunitiesOperational Risk Statistical Analyst,Research Analyst, Quantitative Researcher,

Market Risk Analyst

INTERNATIONAL COMMERCE

What is it?International Commerce is similar toInternational Business but it has a broaderfocus. While international business generallyrefers to the activities of a single organisation,international commerce refers to the factorsmaking up the economic environment thatthe business is operating in. These factors

might be legal, political, social, cultural ortechnological.

Examples of units offered in the major- Introduction to financial accounting- Principles of macroeconomics- Financial accounting- International study program in

banking and finance- Asian management- Corporate finance- International trade law- Managing international business

Career opportunitiesGlobal Equity Research Associate,Global Investment Manager, InternationalTrade Specialist, Commerce Officer

MANAGEMENT STUDIES

What is it?Management Studies is designed tocomplement and enhance discipline studiesin areas such as human resources andinternational business. It develops managementskills in the context of changing and dynamicorganisational environments both in Australiaand internationally. It equips students to

pursue leadership roles within their disciplinespecialisations.

Examples of units offered in the major- Introduction to management- Organisations: contexts and strategies- Organisational behaviour- Strategic management- International HRM- Management in small firms- Managing conflict

Career opportunitiesGeneral Manager, Human Resource Manager,Occupational Health and Safety Manager,Industrial Relations Manager, Project Manager,Business Development Manager, Entrepreneur

PSYCHOLOGY

What is it?Psychology examines human nature: howwe interact, operate and think. It is concernedwith problem-solving, perception, decision-making and communication. Businesspsychology seeks to adapt this understandingto assist organisations to operate moreeffectively.

Examples of units offered in the major- Developmental and biological psychology- Cognitive and social psychology- Research design and analysis- Abnormal psychology- Psychological testing, theories of ability

and ethics- Perception and personality

Career opportunitiesOrganisational Psychologist, EmploymentConsultant, Sport and Exercise Psychologist,Recruitment Analyst, Change Manager

SPORTS MANAGEMENT

What is it?Sport is a global business and one of theworlds most important cultural activities.Sport management focuses on the culturaland economic influences of sport as wellas its marketing and administration.

Examples of units offered in the major

- Sport, culture and industry- Sports economics- Stakeholder behaviour and communication- Sport finance- Sports law and policy- Festivals and events- Sports marketing and sponsorship- Business strategy

Career opportunitiesEvent Manager, Sponsorship Consultant,Sports Personality Manager, Sports FacilitiesManager, Sports Sales Executive, Sportand Recreation Manager, Sports MarketingManager, Sports Operations Manager

TOURISM

What is it?The study of tourism includes the behaviourand motivations of tourists, businesses thatservice tourists and the economic, socialand environmental impacts of tourism. Skillsdeveloped are primarily in management,marketing and business studies and,accordingly, prepare graduates for work

in wide variety of tourism industries.

Examples of units offered in the major- Introduction to tourism- Tourist communication- Festivals and events- Tourism policy and planning- Tourist behaviour- Sustainable tourism destinations- Marketing theory and practice- Tourism marketing

Career opportunitiesTourism Consultant, Tourism andIndustry Development Manager, TourismRepresentative, Tourism and SustainabilityConsultant, Resort Manager, Event Manager,Venue Manager

SUSTAINABILITY

What is it?Sustainability is about living and doingbusiness in a way that does not jeopardisefuture generations. This means acting in a waythat does not pollute or deplete resourceslike water, air, land or forests. Sustainabilityprofessionals help businesses operate insustainable ways.

Examples of units offered in the major- Sustainability and the law- Economics of climate change- Principles of microeconomics- The global challenge- Prosperity, poverty and sustainability

in a globalised world- Systems thinking for sustainability:

a policy perspective- Environmental economics

Career opportunitiesPolicy Maker, Politician, Researcher,Policy Advisors, Sustainability Consultant,

Manager Business & Sustainability

http://www.buseco.monash.edu.au/http://www.buseco.monash.edu.au/2http://www.buseco.monash.edu.au/3http://localhost/var/www/apps/conversion/tmp/scratch_1/buseco.monash.edu.au/4http://localhost/var/www/apps/conversion/tmp/scratch_1/buseco.monash.edu.au/4http://www.buseco.monash.edu.au/3http://www.buseco.monash.edu.au/2http://www.buseco.monash.edu.au/


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bea...HOW TOCHOOSE A COURSE

CHOOSING YOUR SUBJECTS

Monash is a great place to study businessand commerce because our courses are soflexible. There are loads of subjects to choosefrom and loads of combinations to consider.So, how do you choose your units (subjects)?

Once you enrol at Monash, youll getlots of help with planning your course.Every new student can meet with acourse advisor to help work out what

is best for them. You can also talk toa course advisor at any time after that

if you change your mind or want tofind out about other options.

1

Work out what course has majorsthat interest you the most.2Choose that one.3Done!

course inormation


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WANT TO SHOW

employers whatYOU know?

A SPECIAL NOTE ABOUT

problem BASED learning

DEGREES

DOUBLE

Career outcomesThere are few fields of study that open up as many careeropportunities as business. Our graduates are employedaround the world. They work in large internationally recognisedorganisations and in small start-ups. They work in the media, inarts, in advertising and in health. They work for the government,for corporations and for themselves. They work as auditors,accountants, business analysts, bankers, consultants, marketingco-ordinators, managers, economists, entrepreneurs, businessowners and in other roles too numerous to mention.

The range of career options available to you depends on theunits (subjects) you choose and we offer lots of choice so youcan explore many career paths.

What will I study?You will study 24 units (subjects) to complete this course normally four units per semester.

To give you a solid business foundation, you will study sixcompulsory units in your first year. These give you a tasteof each of the main areas of business study.

- Principles of accounting and finance- Commercial law- Microeconomics- Business statistics- Introduction to management- Marketing theory and practice

(You dont need to have studied commerce subjects in Year 12 to do wellin these units because we start at an introductory level. However, studyingcommerce subjects may boost your ATAR. See page 29.)

From that point, the choice is yours. You must study anothereight units in one area of business. There is a wide varietyto choose from. These normally form your major (or areaof specialisation). See pages 11-14.

You can either study more business units, or eight units froman entirely different area (faculty) to complete your degree.

Youll have plenty of help in choosing your units. See page 15.

What do I need to get in?Information about prerequisites for this course is availableon page 29.

Where can I study?The Bachelor of Business is offered on our Berwick, Caulfieldand Peninsula campuses. You have to complete your firstmajor on the campus you enrol at, b ut you can do a secondmajor or units offered on another campus if you want to.#

To find out which major is offered on which campus, see page 28.

Find out more about our campuses on page 27.

Travelling from one campus to another is easy. See page 27.

# Timetable and capacity permitting.

You can combine the Bachelor of Business with degrees in:- Arts- Health Science- Journalism

- Sport and Outdoor Recreation- Visual Arts

You can also combine the Bachelor of Business withBachelor of Business tagged degrees, and some taggeddegrees with other courses.

The full list of double degrees as well as information aboutthe prerequisites and ATARs required is provided on page 29.

At Monash, you have the unique capacity to choose thestyle of learning you would like to participate in during yourBachelor of Business studies.

The course is taught in the traditional (lecture) format on theCaulfield and Berwick campuses, but it is different altogether onthe Peninsula campus. Here, problem based learning occurs.

At Peninsula, you will mostly be working with a small team offellow students and an academic mentor to create practicalsolutions to real life problems.

You will achieve the same discipline knowledge and learningoutcomes as you would in a traditional course but in a

different way.

Youll study a single subject each day of the week, solving reallife problems and learning the principles of the subject alongthe way. Site visits and industry placements form an integralpart of the problem based learning strategy.

PBL students normally attend class four full days each week,with less study required outside class than would be expectedif you were learning via the traditional lecture format.

Some students use their spare day to travel to anothercampus to complete a second major in a traditional way.

If you are sure about the career youre looking for,a tagged degree can look impressive on your CV.

Tagged degrees (those with bracketed majors in theirname) are also great if you are sure about your major.Youll complete a core (compulsory) set of units leadingto that major during the course. Youll also study someunits you choose you can either study more businessrelated units, or units from another area completely.

Bachelor of Business tagged degrees:- Bachelor of Business (Accounting)- Bachelor of Business (Banking and Finance)- Bachelor of Business (Law)**

- Bachelor of Business (Marketing)- Bachelor of Business (Psychology)***

Whats the difference between the Bachelor of Businessand a tagged degree?

Bachelor of Business- You choose most of your units (which can be

those studied by students in a tagged degree)- You can change your major part way through

the course (prerequisites permitting)- You can study non-business subjects- It normally takes 3 years to complete the degree

Bachelor of Business (tagged)- You can only choose some of your units- Your course name which you will put on your CV

includes your major- You cant change your major part way through

the course- You can study non-business subjects- It normally takes 3 years to complete the degree

** This course does not qualify you to act as a solicitor or barrister.*** You will need to do more than 8 units to complete a major in psychology

and be accredited by the professional association. This means that, althoughyou will still be able to do units from other areas, you will not be able to do

second major.

The complexity and paceof the modern international

business world requiresgraduates who have a

broad knowledge base, andwho can think analyticallyand act decisively.

The Monash Bachelor of Business coursecombines intensive study in businessfundamentals with a strong conceptualframework that is reinforced with practicalapplications, and provides a career focusededucation that is particularly relevant in todaysrapidly changing business environment.

Majors offered include: accounting, bankingand finance, business law, b usiness strategy,data visualisation and modelling, econometrics,economics, economics and finance, humanresource management, international business,management, management and marketing,marketing, psychology, quantitative economics,sports management and tourism.


11/20

BACHELORofCOMMERCE

DEGREES

DOUBLE

SCHOLARS PROGRAM

SURE YOU

WANT TO DO ACCOUNTING

AND FINANCE?

Career outcomesCareer opportunities depend on the units taken. Many graduatesend up in leadership roles. Some of our recent graduates arecurrently employed as economists, accountants and financialanalysts in banks and other large multinational companies,sustainability managers across a variety of organisations,business analysts in numerous organisations and some arerunning their own company.

And future employment prospects for commerce graduatesare strong. For example, Australian government indicatorspredict employment opportunities for economists, actuaries andmarketing professionals are expected to grow in the f uture.**


To give you a solid business foundation, you will study sixcompulsory units in your first year. These give you a tasteof each of the main areas of commerce study.

- Principles of accounting and finance- Business law- Principles of microeconomics- Business and economic statistics- Introduction to management- Principles of marketing

(You dont need to have studied commerce subjects in Year 12to do well in these units. We start at an introductory level.)

From that point, the choice is yours. You must study eightunits in one area of commerce. There is a wide variety tochoose from. These form your major (or area of specialisation).See page 11-14.

You can either study more commerce units, or eight units froman entirely different area (faculty) to complete your degree.

Youll have plenty of h elp in choosing your units. See page 15.

What do I need to get in?Information about prerequisites for this course is available onpage 29.

Where can I study?The Bachelor of Commerce is offered on our Clayton campus.You have to complete your first major on the Clayton campus,

but you can do a second major or units offered on anothercampus if you want to.#



** Department of Education, Employment and Workplace Relations. (2011)Job Outlook [Data file]. Retrieved 2 December 2011, http://joboutlook.gov.au/


If you are sure you want to major in accounting and financethen the tagged Bachelor of Commerce (Accounting andFinance) might be for you. This is a special program whichincludes a certain number of compulsory units leading to theaccounting and finance double major. Plus this degree hasthe advantage of showing your majors accounting andfinance on your CV.

(If you enrol in a Bachelor of Commerce, you can choose to study exactlythe same units but you have the advantage of being able to change your mindabout your majors later on if you wish.)

Many students choose to combine the Bachelor of Commercewith another degree. Here are some of the reasons why:

- If you combine a Bachelor of Commerce with a Bachelorof Economics you can major in Economics, Accounting andFinance. This very popular combination of three majors setsgraduates apart from the rest in the employment market.

- Even if you are planning to work as an engineer, scientist orlawyer (just to name a few), you may ultimately want to workas the manager of a firm, or run your own business. Combiningyour engineering or science or law studies with a Bachelor ofCommerce gives you a head start. You graduate equipped tooperate in a commercial setting.

- Combining a Bachelor of Commerce with an Arts degree meansthat you can continue to study a language or pick up a new

one. You can also include majors like politics or geographyin your studies. This can be particularly beneficial if you haveambitions in international business, politics or diplomacy.

You can combine the Bachelor of Commerce with degrees in:

- Aerospace Engineering- Arts- Arts (Global)- Biomedical Science- Business Information Systems- Economics- Education (Secondary)- Engineering- Environmental Engineering- Laws- Journalism- Mechatronics Engineering- Music- Pharmacy- Science

The Bachelor of Commerce Scholars program is forhigh achieving local Year 12 students. As a Scholar youwill receive a $6000 per annum scholarship, mentoringby senior faculty staff, and access to a Scholar studyroom. You will also be eligible to attend guest lectures,workshops and seminars. The Scholars program iscompetitive and limited in number. You will need anATAR of 98+ to be eligible for the program.

Philosophy and Politics major

Many students like to combine majors in politics andeconomics. At Monash, you can study Philosophy andPolitics as a second major as part of either your Bachelorof Economics or Bachelor of Commerce course.

Philosophy encourages critical thinking, logic and thedevelopment of arguments, all of which are valuable inany career option. Politics will give you an understandingof how political systems work and in turn how they impactthe economy. All great skills if you want to become aneconomist, diplomat, political analyst, politician or evenPrime Minister.

Youll gain a thoroughunderstanding of theworkings of the economyand business through this

broad based, flexible andmulti-disciplinary degree.Youll develop your capacity

for logical analysis andconceptual thinking, and

build the knowledge andskills required to managepublic and privateenterprises.

Depending on the units (subjects) you choose,youll be able to specialise in two differentcommerce areas of study. Or you can chooseto focus on one commerce area of study, andanother from a completely different discipline.

Majors offered include: accounting, actuarialstudies, business law and taxation, businessmodelling, econometrics and business statistics,economics, finance, financial and insurancemathematics, international commerce,management studies, marketing, philosophyand politics*, and sustainability.



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WANT TO

GET a HEAD START

IN THE WORKFORCE?

DEGREES

DOUBLE

The Bachelor of Economics provides a professionaleducation in the disciplines of actuarial studies, economics,econometrics and business statistics, and/or financial andinsurance mathematics and is designed to encouragelogical thought and detailed analysis of economic issuesthat can be adapted to a range of careers.

Career outcomesMany graduates work as economists or in the stockmarket. They also move into fields such as investment,politics, government and international trade.


You start with six core (compulsory) units:- Principles of microeconomics- Principles of macroeconomics- Business and economic statistics- Data modelling and computing- Intermediate microeconomics

- Intermediate macroeconomics

(You dont need to have studied Economics in Year 12to do well in this course. We start at an introductory level.)

From that point on, the choice is yours. You needto choose eight units (which can include core units)to comprise a major in actuarial studies, economics,econometrics and business statistics, and/or financialand insurance mathematics. You choose your otherunits from any business/commerce-related field, orany other discipline offered at the university. Theseunits can form a second major.

What do I need to get in?Information about prerequisites for these courses isavailable on page 29.

Where can I study?The Bachelor of Economics is offered on our Claytoncampus but you can study units offered on anothercampus if you want.#



#

Timetable and capacity permitting.

The answers to all of these questions revolve aroundeconomics so, for the person who is interested in how theworld works, studying economics can be really interesting.

Economics is based on the view that there is simply not enoughof everything to provide for the needs and wants of a population whether that be a city, a country or the world. Therefore wehave to make decisions about how we allocate resources.

For example, governments make decisions about the allocationof resources to health, infrastructure and education programs.There never seems to be enough to meet all needs. As a r esult,choices must be made. Why and how these choices are madeis the study of economics.

Similarly economists consider pricing and inflation, and howchanging the price of one thing impacts on another. Theydetermine the cost of pay rises and the impact on a business.

And its not just about the money. For example, environmentaleconomists study the environmental impact of projects andadvise industry and government on environmental and natural

resource management regulations. Experimental economistsstudy the actions and behaviour of individuals under differentset ups and conditions.

With the demand for economists on the rise, studying aBachelor of Economics at Monash could b e the right movefor you.

Would you like to knowwhy iPhones are moreexpensive than androids?Why 10% of the moneyyou paid for your jeansgoes to the government?Why some jobs get paidmore than others?Or why some countriesare richer than others?

The Bachelor of Economics Advanced with Honours offerslocal high achieving students a gr eat start to their career. As anHonours graduate, youll have an advantage when competingfor jobs with applicants who only have a bachelor degree andsome employers, such as key government departments, onlyemploy students with an Honours qualification (or better).Starting salaries for Honours graduates are also generally higher.

The course content is similar to the Bachelor of Economics butit also includes two 12 week industry placements. This specialistdegree includes some econometrics and mathematics units

allowing you to carry out analytical and technical study.

Youll be able to major in actuarial studies, economics,econometrics and business statistics, or financial and insurancemathematics through this program.

Students selected for the course will receive a scholarshipof $12000 for each of the two placements.

It normally takes 4 years to complete this degree.Special requirements include an interview.

You can combine the Bachelor of Economics withdegrees in Arts and Commerce.

Philosophy and Politics major

Many students like to combine majors in politics and economics.At Monash, you can study Philosophy and Politics as a secondmajor as part of either your Bachelor of Economics orBachelor of Commerce course.

Philosophy encourages critical thinking, logic and thedevelopment of arguments, all of which are valuable in anycareer option. Politics will give you an understanding of howpolitical systems work and in turn how they impact theeconomy. All great skills if you want to become an economist,diplomat, political analyst, politician or even Prime Minister.


13/20

What will I study?You will study 22 units (subjects) to complete this course.The course structure has three main components:

- Two industry-based learning units.- Six open electives which, if taken in the finance field, can form

a finance major. Alternatively, you could choose units in anarea other than accounting, from across the University, suchas a language.# Electives can be taken on another campus andtravelling between campuses is easy, see page 27.

- A set of 14 compulsory units which provide the necessarybusiness and accounting skills and satisfy the educationalrequirements of various professional accounting bodiesin Australia.

Compulsory units include:- Principles of accounting and finance- Introduction to financial accounting- Financial accounting- Cost information for decision making- Corporate finance- Advanced financial accounting

- Performance measurement and control- Auditing and assurance- Business law- Australian company law- Taxation law- Principles of microeconomics- Business and economic statistics- Introduction to management

What do I need to get in?Places are limited and special entry requirements includean interview. For information and dates, see http://www.monash.edu.au/study/coursefinder/course/0169/domestic-requirements.html. Information about the prerequisites forthis course is available on page 29.

Where can I study?The Bachelor of Accounting is offered on our Clayton campus.


Accounting is the language ofbusiness. It is a language that tellsstories communicating informationabout how successful an individual ora company has been in the past andhow they might perform in the future.

Accounting is not just about the numbers. But you d o need tobe able to look at numbers and understand the story they aretelling you. For example, has a new product made a profit? Haschanging a work practice made a difference to the companysprofit? Or, what impact will a new tax have on the business?

Accountants are in demand because they are vital to thesuccess of every business, in every industry. And with the addedadvantage of our industry based placements, Monash Bachelorof Accounting graduates have an excellent employment trackrecord. Normally, 100% of the students in this course have full

time employment in place before they graduate, and, of these,70% work in one of the big four accounting firms.

The Bachelor of Accounting is a premier accounting degreefor local Year 12 students which combines on-campus l earningwith two industry-based learning placements.

In total, students benefit from 6 months industry-basedlearning during the degree. One of the placements is typicallyat a big-4 accounting firm.

Students in this course receive an industry-funded scholarshipof $16000. The scholarships are provided by industrysponsors, who play an important role in the industry-basedlearning periods. During the industry-based learning periods,students work in corporate settings and complete specifiedprojects determined jointly by academics and sponsors.
http://www.monash.edu.au/study/coursefinder/course/0169/domestic-requirements.htmlhttp://www.monash.edu.au/study/coursefinder/course/0169/domestic-requirements.htmlhttp://www.monash.edu.au/study/coursefinder/course/0169/domestic-requirements.htmlhttp://www.monash.edu.au/study/coursefinder/course/0169/domestic-requirements.htmlhttp://www.monash.edu.au/study/coursefinder/course/0169/domestic-requirements.htmlhttp://www.monash.edu.au/study/coursefinder/course/0169/domestic-requirements.html


14/20

(ACCOUNTING)

BACHELOR OF

Bus iness & Commerce

BUSINESS SCIENCE

BACHELOR OFBach elor o

Business Science

BACHELOR OF

Commerce(ACCOUNTING)

The Bachelor of Business Science is a f lexible course allowingdepth and breadth of study of the major business disciplines.The course comprises six core units across key business areas.From that point on, you may choose f rom a wide varietyof electives that may be taken from any faculty. You mustinclude a sequence of units which must include a major inone of Accounting, Economics, Management, or Marketing.

Where can I study?The Bachelor of Business Science is offered on ourSouth Africa campus.


The Bachelor of Business Science (Accounting) is aspecialist accounting degree which will provide graduateswith high level specialised skills in accounting and generalskills in South African business law. The course blends aconceptual theoretical framework with a range of practicalapplications and covers the basic discipline materialthrough to more specialised accounting concepts.

Where can I study?The Bachelor of Business Science (Accounting) is offeredon our South Africa campus.


Diploma of LanguagesYou can focus on studying a particular l anguage at Monashwith the Diploma of Languages. This can be completed atthe same time as your degree and will normally add up to ayear to your studies. It is the equivalent of a language majorand it can be taken by both beginners and those with alanguage background, as there are several entry levels.

Students can do an in-country intensive program of fourto eight weeks duration or spend a whole semester abroadas part of the program.

Languages offered are Chinese, Classical (Greek, Latin),French, German, Indonesian, Italian, Japanese, Korean,Spanish, and Ukrainian.

The Bachelor of Business and Commerce is aglobal, flexible degree that offers students theopportunity to create a study program whichbest suits their proposed employment goals andbusiness discipline interests. During the course,the students will consider a broad r ange ofkey international issues relevant to particulardisciplines. The course will expose students toresearch findings and approaches relevant tothe disciplines.

Majors offered include: accounting, banking andfinance, business law, e-business, econometricsand business statistics, economics, finance andmacroeconomics, human resource management,international business, management, marketing

Where can I study?The Bachelor of Business and Commerce isoffered on our Gippsland campus, and in Malaysia.It is also available through off-campus learning.

What do I need to get in?Information about prerequisites for thesecourses is available on page 29.

Double degrees

You can combine the Bachelor of Businessand Commerce with degrees in:

- Arts and Social Sciences- Civil and Environmental Engineering- Communication- Information Technology and Systems- Visual and Media Arts

This degree has been designed to help you develop theconceptual and decision making skills necessary for effectivemanagement in the continuously changing domestic andinternational field of professional accounting. It has a strongemphasis on developing analytical skills and offers a solidgrounding and professional competence in all aspects ofcommerce required for careers in the private or public sectors.

Where can I study?The Bachelor of Commerce (Accounting) is offered on ourMalaysia campus.

What do I need to get in?Information about prerequisites for these courses is availableon page 29.

Diploma of BusinessThis course provides a pathway to tertiary education forsupervisory and administrative personnel whose knowledgeis largely self-developed. It is designed to provide a broadknowledge base in business and develop in students themanagement skills to recognise and implement improvementopportunities within organisations.

It is studied in off-campus learning mode over 2 years(part time).

Diploma of Tertiary Studies (DoTS)This course offers an alternative entry pathway for studentswishing to study at the Gippsland, Berwick or Peninsulacampuses. Students can use the course to explore theiracademic options and gain credit in a range of degrees.

The one year course consists of two core units that provide

study skills, along with six units from elected areas of interest.Units are available in arts and communications, business andeconomics, computing and information technology, educationand nursing.

It is usually studied at the campus where you are seeking tocomplete a degree.


15/20

Caulfield

Clayton

Berwick

Peninsula

Gippsland

GippslandLocated in Churchill in the Latrobe Valley, about two hours driveeast of Melbourne, the Gippsland campus is within easy r eachof both the coast and snowfields. T he campus has purpose-built educational facilities of the highest standard. Outside classtimes you can enjoy an art gallery, a bookshop, a golf course,a licenced bistro, or the student lounge. There are more than300 fully furnished units available for on-campus living.

PeninsulaThe campus is located in the City of Frankston with excellentaccess to the beach resorts of the Mornington Peninsula andPort Philip Bay. Only 45 km from Melbourne, public transportto and from the campus is very convenient and car parking isreadily available. The Peninsula campus has a r ange of culturaland sporting facilities.

InternationalWe have overseas campuses in Malaysia and South Africa anda centre in Prato, Italy. Prato is in the heart of Florence and is agreat starting point for visiting institutions such as the EuropeanCommission in Brussels and the OECD in Paris.

Travelling between Melbourne campuses is easyMonash provides a free bus service between certain campusesas well as between some train stations and campuses. Shuttlebuses run in both directions from Clayton to Berwick, Claytonto Caulfield and Clayton to Peninsula campuses, as well asbetween Frankston train station and the Peninsula campus.The Caulfield campus is right next to the Caulfield train station.

BerwickBerwick is Monashs newest Australian campus. It is locatedabout 40 km south-east of the city, close to Berwick railwaystation and a large public park. The modern buildings areset on 52 hectares and include state-of-the-art learningand teaching facilities.

CaulfieldCaulfield is approximately 9 km from the centre of Melbourneand is located at a major publ ic transport hub trains, tramsand buses regularly service the campus. There is a variety ofstudent accommodation available close to the university. On-campus student services include a health centre, counsellingservices and a language and learning facility. The campus haswell-equipped sports facilities and is close to shops and cafes.

ClaytonClayton is the largest Monash campus, situated 20 km south-east of Melbournes central business district. The buildings areset in 100 hectares of parkland and there are extensive carparking facilities and a major bus terminus. There are about1500 students living on-campus and the campus offers agreat variety of sporting, cultural and educational facilities.

OUR

campuses

* These majors can only be undertaken as asecond major. (Your first major must be fromthe Faculty of Business and Economics andbe taken on your campus of enrolment).

+ There are certain requirements to meetprofessional accreditation as a psychologistwhich can impact other majors. For moreinformation, talk to your course advisor.

MAjORS BYCOURSE AND CAMPUS

B CF P CL CL CL CL M G M OCL SA SA

Accounting Actuarial studies Banking & finance Business law Business law & taxation Business modelling Business strategy Data visualisation & modelling e-Business Econometrics Econometrics & business statistics Economics Economics & finance Finance Finance & macroeconomics Financial & insurance mathematics Human resource management International business International commerce Management Management studies Management & marketing Marketing Philosophy & politics* Psychology* + Quantitative economics Sports management Sustainability Tourism

B Berwick

CF Caulfield

CL Clayton

G Gippsland

M Malaysia

OCL Off Campus Learning

P Peninsula

SA South Africa

Campuses

Bachelor

of Business

Bachelor of

Commerce

Bachelor of

Accounting

Bachelor of

Economics

Bachelor of

Economics

Advanced

with Honours

Bachelor of

Commerce

(Accounting)

Bachelor of

Business &

Commerce

Bachelor of

Business

Science

Bachelor of

Business

Science

(Accounting)


16/20

BUSINESS COURSES ATMONASH UNIvERSITY

Single degrees

Bachelor of Accounting 1 90+ 1 CL 3

Bachelor of Business 2 80-82 2 B, CF, P 3

Bachelor of Business (Accounting) 2 82+ 2 CF 3Bachelor of Business (Banking and Finance) 2 82+ 2 CF 3

Bachelor of Business (Law) 2 82+ 2 CF 3

Bachelor of Business (Marketing) 2 82+ 2 CF 3

Bachelor of Business (Psychology) 2 82+ 2 CF 3

Bachelor of Business and Commerce 3 70-72 3 G, M, OCL 3

Bachelor of Business Science 3 70-72 3 SA 3

Bachelor of Business Science (Accounting) 3 70-72 3 SA 3

Bachelor of Commerce 1 90+ 1 CL 3

Bachelor of Commerce (Accounting) 1 90+ 1 M 3

Bachelor of Commerce (Accounting and Finance) 1 90+ 1 CL 3

Bachelor of Commerce Scholars program 1 98+ 1 CL 3

Bachelor of Economics 1 90+ 1 CL 3

Bachelor of Economics Advanced with Honours 1 98 1 CL 4

Double degrees

Bachelor of Arts/Bachelor of Business 2 85-90 2 CF 4

Bachelor of Arts/Bachelor of Business (Accounting) 2 85-90 2 CF 4

Bachelor of Arts/Bachelor of Business (Banking and Finance) 2 85-90 2 CF 4

Bachelor of Arts/Bachelor of Business (Management) 2 85-90 2 CF 4

Bachelor of Arts/Bachelor of Business (Marketing) 2 85-90 2 CF 4

Bachelor of Arts and Social Sciences/Bachelor of Business and Commerce 3 75-80 3 G, OCL 4

Bachelor of Arts/Bachelor of Commerce 1 92-95 1 CL 4

Bachelor of Arts Scholars program/Bachelor of Commerce Scholars program 1 94 1 CL 4

Bachelor of Arts/Bachelor of Economics 1 92-95 1 CL 4

Bachelor of Arts (Global)/Bachelor of Commerce 1 92-95 1 CL 4

Bachelor of Biomedical Science/Bachelor of Commerce 9 92-95 4 CL 4

Bachelor of Business/Bachelor of Visual Arts 4 85-90 5 CF 4

Bachelor of Business (Accounting)/Bachelor of Business (Banking and Finance) 2 85-90 2 CF 4

Bachelor of Business (Accounting)/Bachelor of Business (Management) 2 85-90 2 CF 4

Bachelor of Business (Management)/Bachelor of Business (Marketing) 2 85-90 2 CF 4

Bachelor of Business/Bachelor ofSport and Outdoor Recreation 2 82-85 2 P 4

Bachelor of Business and Commerce/Bachelor of Communication 3 75+ 3 M 4

Bachelor of Business and Commerce/Bachelor of Information Technology and Systems 3 75-80 3 G, OCL 4

Course

Course

VCEPrerequisite

Requirements

VCE

PrerequisiteRequirements

Typical ATAR(score to be used

as a guide only)

Typical ATAR

(score to be usedas a guide only)

IB PrerequisiteRequirements

IB Prerequisite

Requirements

Campus

Campus

Lengthof course

(years)

Length

of course(years)

VCE Prerequisite Requirements

1: Units 3 and 4 a study score or at least30 in English (ESL) or 25 in any other

English, and a study score of at least

25 in mathematical methods (CAS) orspecialist mathematics.

2: Units 3 and 4 a study score of at least30 in English (ESL) or 25 in any other

English, and a study score of at least 25

in mathematics (any).

3: Units 1 and 2 two units (any studycombination) of general mathematics or

mathematical methods (CAS) or Units 3and 4 mathematics (any). Units 3 and

4 a study score of at least 30 in English(ESL) or 25 in any other English.

4: Units 3 and 4 a study score of at least

30 in English (ESL) or 25 in any otherEnglish, and a study score of at least 25

in mathematics (any) and a study scoreof at least 30 in art or studio arts.


30 in English (ESL) or 25 in any otherEnglish, and a study score of at least 25

in mathematical methods (CAS), and astudy score of at least 25 in physics or

chemistry.

6: Units 3 and 4 a study score of at least35 in English (ESL) or 30 in any other

English, and a study score of at least 30in chemistry and mathematical methods

(CAS).


30 in English (ESL) or 25 in any otherEnglish, and a study score of at least

25 in one of mathematical methods(either) or specialist mathematics. Plus

audition, interview and Informationfor performance audition/composition

submission form.


English, and a study score of at least25 in mathematical methods (CAS) or

specialist mathematics.


English, and a study score of at least25 in mathematical methods (CAS) or

specialist mathematics and a study score25 in chemistry.

10:Units 1 and 2 two units (any study

combination) of general mathematics ormathematical methods (CAS) or Units 3

and 4 mathematics (any). Units 3 and4 a study score of at least 30 in English

(ESL) or 25 in any other English and a studyscore of at least 30 in art or studio arts.


30 in English (ESL) or 25 in any otherEnglish, a study score of at least 25 in

one of physics, chemistry and in oneof mathematical methods or specialist

mathematics.

IB Prerequisite Requirements

1: A score of at least 4 in English SL or 3

in English HL or 5 in English B SL or 4 inEnglish B HL, and a score of at least 4 in

mathematics SL or 3 in mathematics HLor 4 in further mathematics SL.

2: A score of at least 4 in English SL or

3 in English HL or 5 in English B SL or4 in English B HL, and A score of at

least 4 in mathematics SL, or in furthermathematics SL, or in mathematical

studies SL; or a score of at least 3 inmathematics HL.

3: A score of at least 4 in English SL or 3in English HL or 5 in English B SL or 4 in

English B HL, and a score of at least 3 inany mathematics subject.



mathematics SL or 3 in mathematics HLor 4 in further mathematics SL and 4 for

Chemistry SL and 3 for Chemistry HL.

5: A score of at least 4 in English SL or3 in English HL or 5 in English B SL or

4 in English B HL, and A score of atleast 4 in mathematics SL, or in further

mathematics SL, or in mathematicalstudies SL; or a score of at least 3 in

mathematics HL and a score of at least5 in Visual Arts SL or 4 in Visual Arts HL.



any mathematics subject and a score ofat least 5 in Visual Arts SL or 4 in Visual

Arts HL.


English B HL, and a score of at least 4 in

mathematics SL or 3 in mathematics HLor 4 in further mathematics SL and 4 forChemistry SL and 3 for Chemistry HL.

and a score of at least 4 in physics SL or2 in physics HL.



mathematics SL or 3 in mathematics HLor 4 in further mathematics SL And 4 for

Chemistry SL and 3 for Chemistry HL. ora score of at least 4 in physics SL or 2 in

physics HL.


English B HL, and a score of at least 4 inmathematics SL or 3 in mathematics HL

or 4 in further mathematics SL. Plusaudition, interview and Information for

performance audition/compositionsubmission form.

10:A score of at least 5 in English SL or 4


mathematics SL or 4 in mathematics HLor 5 in further mathematics SL and 5 for

Chemistry SL and 4 for Chemistry HL.

Campuses

B Berwick

CF Caulfield

CL Clayton

G Gippsland

M Malaysia

OCL Off Campus Learning

PV Parkville

P Peninsula

SA South Africa

* This course may be completed in 4 or 5years by taking an extra unit in one or two

semesters.

The inclusion of SEAS and subject bonuses may result in applicants with an ATAR below the published ATAR score gaining course admission.

Bachelor of Business and Commerce/Bachelor of Visual and Media Arts 10 75-80 6 G 4

Bachelor of Civil and Environmental Engineering/Bachelor of Business and Commerce 11 90 7 G 5

Bachelor of Commerce/Bachelor of Aerospace Engineering 5 93-95 8 CL 5

Bachelor of Commerce/Bachelor ofBusiness Information Systems 1 92-95 1 CL 4

Bachelor of Commerce/Bachelor of Economics 1 92 1 CL 4

Bachelor of Commerce Scholars program/Bachelor of Economics 1 98 1 CL 4

Bachelor of Commerce/Bachelor of Education (Secondary) 1 90+ 1 CL 4

Bachelor of Commerce/Bachelor of Engineering 5 93-95 8 CL 5-5.5*

Bachelor of Commerce/Bachelor of Laws 8 98 1 CL 5.5

Bachelor of Commerce/Bachelor of Mechatronics Engineering 5 93-95 8 CL 5

Bachelor of Commerce/Bachelor of Science 1 92-95 1 CL 4

Bachelor of Health Science/Bachelor of Business 2 83-87 2 CF 4

Bachelor of Journalism/ Bachelor of Business 2 84 2 CF 4

Bachelor of Journalism/Bachelor of Commerce 1 93 1 CF, CL 4

Bachelor of Music/Bachelor of Commerce 7 92-95 9 CL 4

Bachelor of Pharmacy/Bachelor of Commerce 6 92-95 10 PV, CL 6

Undergraduate diplomas Pathway courses

Diploma of Business 3 Application form 3 OCL 2and GPA part-time

Diploma of Tertiary Studies (DoTS) 2 Applicants ranked 2 B, P, G 1on ATAR and theMonash UniversitySupplementary form


17/20

FeesMonash University offers eligible domestic students aCommonwealth Supported Place (CSP). A Commonwealthsupported place is a place for which the CommonwealthGovernment will pay an amount of money towards the costof the course and the student will pay a Student Contributionamount. Please refer to http://www.monash.edu.au/enrolments/loans/ for a full explanation of fees and payment schemesavailable.

ScholarshipsThere are an extensive range of scholarships and bursariesthat not only reward academic excellence but also enablestudents from many backgrounds to study at Monash.Business and Economics Faculty scholarships include theBachelor of Commerce (Deans Scholars Program) with a$6000 per annum scholarship and mentoring by seniorfaculty staff, the Bachelor of Accounting industry sponsoredscholarship open to local students and worth $8000 perannum in the second and third year, and the IBM FutureLeaders Scholarship open to local students who receive $36000

over two years. Go to www.monash.edu.au /scholarships/to find out more.

International studentsInternational students completing VCE or the InternationalBaccalaureate (IB) in Australia must apply through theVictorian Tertiary Admissions Centre for fee-paying placesby the end of September.

Telephone: 1300 364 133Or if you are telephoning from overseas +61 3 9926 1020www.vtac.edu.au

Other international students should applyvia International Recruitment Services.

International Recruitment ServicesMonash University871 Dandenong RoadCaulfield East, Victoria 3145Telephone: +61 3 9903 4788Email: [email protected]/study/international/

International students should check the Monash University

Undergraduate Course Guide, or visit www.monash.edu/study/international/. This guide contains important informationregarding Australian Government requirements and conditionsfor study in Australia, living costs, course fees, health insurance,working while you study, work rights for your husband or wifeand schooling for your children.

Information about visa applications can be obtained at www.liveinaustralia.com/student-visa/and www.immi.gov.au/students.Your application for a student visa will be assessed according toyour Assessment Level. Your Assessment Level is determinedby the passport you hold and the education sector for whichyou are seeking a student visa.

Australian citizens andpermanent residentsCurrent Year 12 (those applicants currently completingthe VCE or equivalent) and non-current Year 12 applicantswith comparable Victoria, interstate or overseas Year 12or tertiary qualifications, or people applying under theUniversitys Special Admission Scheme, must applythrough the Victorian Tertiary Admissions Centre (VTAC).

Telephone: 1300 364 133www.vtac.edu.au

beready

Credit for previous studyCredits/exemptions may be considered for previous tertiary-level study or post-secondary study (including TAFE anddistance learning courses) in Australia or overseas. Applicationsfor credits/exemptions must clearly indicate units for whichrecognition is requested and must be accompanied by legallycertified documentation of academic transcripts and unitsyllabus. Each application is assessed on a case-by-case basis.It is essential that units submitted for credit/exemption fitthe philosophy and principles of this degree course of study.Units studied more than 10 years ago will not be consideredfor credit/exemption.
http://www.monash.edu.au/enrolments/loans/http://www.monash.edu.au/enrolments/loans/http://www.monash.edu.au/scholarships/http://www.vtac.edu.au/http://www.monash.edu/study/international/http://www.monash.edu/study/international/http://www.monash.edu/study/international/http://www.liveinaustralia.com/student-visa/http://www.liveinaustralia.com/student-visa/http://www.immi.gov.au/studentshttp://www.vtac.edu.au/http://www.vtac.edu.au/http://www.immi.gov.au/studentshttp://www.liveinaustralia.com/student-visa/http://www.liveinaustralia.com/student-visa/http://www.monash.edu/study/international/http://www.monash.edu/study/international/http://www.monash.edu/study/international/http://www.vtac.edu.au/http://www.monash.edu.au/scholarships/http://www.monash.edu.au/enrolments/loans/http://www.monash.edu.au/enrolments/loans/


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Will I be disadvantaged if I dontstudy commerce units in VCE?

No, the units are taught with the expectation of noprior knowledge of the subject and there are nocommerce subjects which are prerequisites forour courses. However, some courses do awardsubject bonuses for particular areas of study.See subject bonuses above.

What if I dont achievethe ATAR I need to get in?There are a number of ways you can enter a courseat Monash. Go to http://monash.edu/study/options /pathways.html to find out more.

I didnt do the requiredMaths, how can I still dothis course?You can enrol in a Monash course for which you dohave the prerequisite maths, complete an appropriateMonash mathematics unit and then apply to transferto your preferred course providing your first yearresults are good enough.

Can I defer?

Local students can defer for a maximumof one year. You will need to let thefaculty know and you will be providedwith information on how to do this whenyou receive your offer. In particularcircumstances, students may bepermitted to defer for longer. Pleasespeak to a Business and Economicscourse advisor for more information.

What is the difference betweenthe Bachelor of Business andthe Bachelor of Commerce?

There are many similarities between the Bachelorsof Business and Commerce. Industry placements areavailable in both and both provide a strong foundationfor a career in business. Graduates of both courseshave excellent employment prospects.

Although the units offered in each course are different,similar topics are covered in many areas. However, whenstudying units within the Bachelor of Business, theremay be a greater emphasis on the practical applicationof theory. The Bachelor of Commerce offers a moretheoretical or analytical approach, where the focus ison conceptual thinking. In addition, there will be a higherlevel of the application of mathematical knowledge insome areas of the Bachelor of Commerce for instance,in economics, econometrics and finance units.

It is important to remember that, at Monash, you are notlocked into a particular program. Because our courses areso flexible, once you have enrolled in either the Businessor Commerce degree, if you still want to get the best ofboth you can choose to study units from the alternatecourse providing you have the appropriate prerequisites.

Can I study alanguage as partof my course?

Yes. There are a number of options available.You can include a language as a secondmajor in most degrees.

Or you can complete a Diploma of Languages.This is a one year course that can be studied atthe same time as your degree. It usually adds oneyear to your time at University, sometimes less.Some in-country intensive programs are offered.

What is professional recognitionand why do I need it?Professional recognition is the formal acknowledgement of yourprofessional status and, in some cases, gives you the right to practicein the profession of your choice. There are professional organisationsfor accounting, auditing, computing, finance, management, marketingand psychology. Course advisors can work with you to make sure thatthe units you take will qualify you for membership of the organisationrepresenting your profession.

For more information, including details of professional organisationsand the units required for selected registration or membership,please go to www.buseco.monash.edu.au/esg/cds/publications/professional-recognition.html

beinformed

What is a subject bonus and canI get any for my Year 12 subjects?

A subject bonus refers to bonus points you may beeligible for if you do particularly well i n a Year 12 subjectrelevant to the course you are applying for. For theBachelor of Business you can get up to a maximumof 8 bonus points towards your aggregate ATAR score.Depending on your study score, you could be eligiblefor 2 bonus points for each of Accounting, BusinessManagement, Economics, Geography, Health andDevelopment, Psychology and 6 bonus points forYear 12 mathematics, up to the 8 maximum.

askedQs

What is the difference between adouble major and a double degree?

A double major is when you specialise in two different areaswithin one degree, for example accounting and internationalbusiness. At Monash, one of the majors can come from acompletely different discipline such as marketing and a language,or economics and politics.

A double degree allows you to study two separate degrees at thesame time. The way they are structured enable you to graduatewith both awards in a much shorter time than it would take tocomplete the two degrees individually. You will have the sameworkload as a single degree course.

What are the contact hours?Contact hours will vary according to the degree you are enrolledin. Most degrees involve 3 to 4 contact hours per unit per week.You are expected to do around 9 hours a week of independentstudy for each unit.

The Bachelor of Business at Peninsula is based on the ProblemBased Learning (PBL) style and involves 6 1/2 contact hours persubject each week with an additional few hours of independent

study. PBL Students have 4 days of study on campus.
http://monash.edu/study/options/pathways.htmlhttp://monash.edu/study/options/pathways.htmlhttp://www.buseco.monash.edu.au/esg/cds/publications/professional-recognition.htmlhttp://www.buseco.monash.edu.au/esg/cds/publications/professional-recognition.htmlhttp://www.buseco.monash.edu.au/esg/cds/publications/professional-recognition.htmlhttp://www.buseco.monash.edu.au/esg/cds/publications/professional-recognition.htmlhttp://monash.edu/study/options/pathways.htmlhttp://monash.edu/study/options/pathways.html


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AFTER

Orientation

Orientation week (OWeek) is the officialstart of the semester and is designed tohelp you settle into university life. Thereare some compulsory events that you willneed to attend and some fun and optionalones to help you find your way aroundcampus, meet fellow students, and makenew friends. Current students will alsobe on hand to answer any questions youhave and to show you around.

Meet with course advisorsYou can have a one-on-one interview with a course advisoras part of your enrolment process. Course advisors are thereto help you choose your subjects and plan your degree.Remember, you dont have to decide your major on the dayof enrolment but the units you to do pick will affect thedirection of your degree so it is important to get advice fromthe beginning. Once youve got started you can review yourchoices at any stage and its a good idea to check in with youradvisor throughout your studies at Monash.

is to be involved. University is a time for making your owndecisions, thinking about new ideas, making new friends andconsidering the world in a different way. The best way to startis to take a deep breath and embrace all there is to offer. Andif you need help along the way, were here for you. There isalways someone who can help you at uni; you just have to ask.

Here are a couple of ways to start your journey

Take the initiativeWhy not participate in competitions and pit your new foundskills against students from universities at home and abroad?Competitions are a fun way to develop your teamwork andpresentation skills and gain feedback on your business plans.Last year, students from Commerce and Law teamed up towin the Victorian State final in the CPA Big Break Projectcompetition, which requires students to solve a real-worldbusiness challenge facing a non-profit organisation. Financestudents also performed well winning the Victorian title in the2011 CFA Institute Research Challenge. The team of five willgo on to represent Australia in Hong Kong for the Asia PacificRegional title and a chance to advance to the global final.

Take the leadThe Peers, Ambassadors and Leaders (PAL) program givesyou the opportunity to develop your skills in communication,teamwork and leadership all skills employers love. As aPAL student you will have the opportunity to attend faculty,university, industry and community events and to mentorfirst-year students, volunteer at student social events andsupport disadvantaged secondary school students.

Have funUniversity life is more than lectures and assignments theresplenty of time to have fun as well. Monash has lots of clubs,societies and sports associations for you to join. Just a fewexamples include music, anime, photography, debating, tennis,volleyball, rowing, ski & board the list goes on. And if theclub you are interested in doesnt already exist you can alwaysstart it yourself. Being part of a club is a great way to makefriends as well as develop leadership, communication,networking, budgeting and management skills.

beinvolvedTHE KEY TO ENjOYING LIFE AT UNI


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Contacts and further information

Faculty of Business and Economics

Monash University

PO Box 197Caulfield East

Victor ia 3145, Austral ia

Teleph

faculty of business & economics undergraduate course guide 2013

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