Business Economics

With a major in Business Economics, you'll gain an understanding of the way the world works, from the stock market to national economies and the world economy.

Careers and further study

This course opens up a world of future study pathways and career opportunities.

Career Pathways

A major in Business Economics prepares you for work in financial institutions, government, international agencies and the private sector as a forecaster, analyst or consultant. Business Economics graduates find employment with companies, management consultancies, all areas of government (including the Reserve Bank and Treasury), banks and stockbrokers, and at institutions such as the International Monetary Fund.

Further Study

You can pursue further studies at honours level or undertake a specialist master’s degree such as the Master of Economics. You can also choose to complete a generalist master’s degree such as the Master of Commerce or (after appropriate work experience) the Master of Business Administration.

Fees and scholarships

Domestic Student Fees

For Commonwealth-supported places, student contribution amounts are charged by unit, based on area of study. For a fee estimate, go to the Fee Calculator and select “I want to price my units”. Fees are subject to annual indexation. Refer to the Handbook to identify the units required.

International Student Fees

Annual course fee

2025

$40,200.00

Onshore international students are charged an annual course fee, charged per credit point at a rate dependent on the course in which the student is enrolled. Annual course fees are calculated based on an annual study load. Check the handbook to confirm the annual study load for your course.

Scholarships

Scholarships are available to students from a diverse range of backgrounds, including academic achievement, financial need, educational disadvantage, leadership and community service, artistic or sporting achievements, and being from a rural or remote area.

Admission requirements

Minimum entry requirements

Below you’ll find a list of admission equivalencies for this course's Australian Tertiary Admissions Rank (ATAR).

• All India Senior School Certificate (CBSE)
  • 11.5
• Canadian High School (except Quebec)
  • 70
• French Baccalaureate
  • 12
• Gao Kao (PR China NCEE)/750
  • 525
• GCE A-Levels
  • 9
• German Abitur
  • 3.3
• Hong Kong Diploma of Secondary Education
  • 15
• Indian Senior School Certificate (CISCE)
  • 60
• Indonesian Sekolah Menengah Atas (SMA) - Pass of 65
  • 79
• International Baccalaureate Diploma (IB)
  • 26
• Malaysian STPM
  • 11
• Monash University Foundation Year
  • 270
• NCUK Foundation Program
  • 9
• Norwegian Vitnemål
  • 3.8
• Singapore - Cambridge A Levels
  • 8
• South African National Senior Certificate
  • 4.6
• South Korean College Scholastic Ability Test (CSAT)
  • 330
• Sweden Slutbetyg
  • 15
• Trinity College Foundation
  • 300
• Unified Examination Certificate (UEC)
  • 12
• University of Western Australia College (UWAC) Foundation Program
  • 66
• US College Board Advanced Placements
  • 8
• US College Board SAT
  • 1170
• Western Australian Universities' Foundation Program (WAUFP)
  • 60
• Western Australian Certificate of Education (WACE) 2016 onwards
  • 80

English competency

English is the language of instruction and assessment at UWA and you will need to meet the English language requirements of the University to be eligible for a place.

Minimum overall IELTS score of 6.5, with no band less than 6.0.

How to apply

The application process to this course is different for the assured and graduate entry pathways, and for international and domestic applicants.

Domestic Pathways

• Domestic Assured Pathway/School Leaver Entry: Applications are lodged via TISC. Refer to TISC Online for current course codes and application deadlines.
• Domestic Graduate Entry: Applications are lodged via GEMSAS, which open and close in accordance with the GEMSAS timeline. All domestic applicants must submit a valid GAMSAT score by the application closing date.

International Pathways

• International Assured Pathway/School Leaver Entry: Applications are lodged via UWA's online application system or via an authorised international education agent.
• International Graduate Entry: Applications are lodged via UWA's online application system or via an authorised international education agent.

Course details

The rise and fall of economies, future employment prospects, incomes and living standards are all at the heart of economics. A major in Business Economics prepares you for work in financial institutions, government, international agencies and the private sector as a forecaster, analyst or consultant.

About the course

Business Economics is at the forefront of controversial public policy issues such as economic growth and the stability of the entire economy, regulating financial institutions, monetary and fiscal policies, dealing with the Australian economy, resource taxation, financing education, immigration, health insurance markets and retirement income planning.

Quick details

• Status: Available
• Locations: Perth (Crawley campus), Albany (Regional campus)
• Attendance: Full-time, Part-time
• Delivery: On-campus
• Starting dates: Semester 1, Semester 2
• Weekly contact time: 12-15 contact hours, plus at least twice as much of your own study time
• Level of study: Undergraduate
• Course Code: MJD-ECNSM
• Full time/part time duration: 3 years (BCom); 4 years (BPhil [Hons])

Course structure

Level 1

• Core
  • Take all units (12 points):
    • ECON1101 Microeconomics: Prices and Markets (6)
    • ECON1102 Macroeconomics: Money and Finance (6)
• Bridging
  • Students who have not achieved a scaled mark of at least 50 in Mathematics Methods ATAR or equivalent or higher are required to complete ECON1111.
    • ECON1111 Quantitative Methods for Business and Economics (6)

Level 2

• Core
  • Take all units (12 points):
    • ECON2233 Microeconomics: Policy and Applications (6)
    • ECON2234 Macroeconomics: Policy and Applications (6)
• Option
  • Take unit(s) to the value of 6 points:
    • ECON2105 Rise of the Global Economy (6)
    • ECON2106 Asia in the World Economy (6)
    • ECON2210 Monetary Economics (6)
    • ECON2245 Business Economics (6)
    • ECON2271 Introductory Econometrics (6)
    • ECON2272 Intermediate Mathematics for Economists (6)

Level 3

• Option
  • Take unit(s) to the value of 18 points:
    • ECON3205 Health Economics (6)
    • ECON3220 Development Economics (6)
    • ECON3235 International Trade (6)
    • ECON3236 International Finance (6)
    • ECON3301 Game Theory and Strategic Thinking (6)
    • ECON3302 Applied Microeconomics (6)
    • ECON3303 Applied Macroeconomics (6)
    • ECON3310 History of Economic Ideas (6)
    • ECON3350 Money, Banking and Financial Markets (6)
    • ECON3371 Applied Econometric Methods and Data Analysis (6)
    • ECON3395 Economic Policy (6)

The University of Western Australia

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Overview:

The University of Western Australia (UWA) is a leading research-intensive university located in Perth, Western Australia. It is renowned for its high-quality teaching, strong research output, and commitment to graduate employability. UWA is consistently ranked among the top 100 universities globally and is the number one university in Western Australia for graduate employability.

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Services Offered:

UWA offers a wide range of services to its students, including:

Academic support:

Tutoring, workshops, and study skills resources.

Career services:

Career counselling, job search assistance, and internship opportunities.

Student wellbeing:

Mental health support, counselling, and health services.

Accommodation:

On-campus and off-campus housing options.

Sports and fitness:

Access to state-of-the-art facilities and a variety of sports clubs.

Clubs and societies:

A vibrant student community with numerous clubs and societies catering to diverse interests.

Study abroad and exchange:

Opportunities to study at universities around the world.

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Student Life and Campus Experience:

UWA provides a dynamic and engaging campus experience for its students. The university boasts a beautiful campus with modern facilities, green spaces, and a strong sense of community. Students can participate in a wide range of activities, including:

Social events:

Concerts, festivals, and other social gatherings.

Sporting events:

Supporting the university's sports teams.

Volunteer opportunities:

Contributing to the local community.

Cultural events:

Art exhibitions, theatre performances, and music concerts.

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Key Reasons to Study There:

World-class education:

UWA offers a high-quality education with a focus on research and innovation.

Excellent employability:

Graduates from UWA are highly sought after by employers.

Vibrant campus life:

A diverse and engaging student community with numerous opportunities for personal and professional development.

Beautiful campus:

A picturesque campus with modern facilities and green spaces.

Strong research focus:

UWA is a leading research university with a strong commitment to innovation.

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Academic Programs:

UWA offers a wide range of undergraduate and postgraduate programs across various disciplines, including:

Arts and Humanities:

History, Literature, Philosophy, Languages, and more.

Science and Engineering:

Mathematics, Physics, Chemistry, Biology, Engineering, and more.

Business and Economics:

Accounting, Finance, Marketing, Economics, and more.

Health Sciences:

Medicine, Dentistry, Nursing, Pharmacy, and more.

Law:

Juris Doctor, Bachelor of Laws, and other law programs.

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Other:

UWA is committed to fostering a diverse and inclusive campus community. The university has a strong focus on Indigenous education and research, and offers a range of programs and support services for Indigenous students. UWA also has a strong international presence, with students from over 100 countries studying at the university.