Program Overview

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Financial Economics Extended Major

About the Course

The Financial Economics Extended Major is unique to Western Australia and sits within the Bachelor of Economics degree. This major has been designed specifically for students who wish to combine an economic understanding of money and banking, with a practical knowledge of how financial markets operate, at both a domestic and global level.

Course Structure

Our undergraduate degrees offer you a broad range of options allowing you to combine subjects in a way that matches your career goals and personal interests.

Level 1

• Core:
  • ECON1101 Microeconomics: Prices and Markets (6)
  • ECON1102 Macroeconomics: Money and Finance (6)
  • FINA1221 Introduction to Finance (6)
  • STAT1520 Economic and Business Statistics (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:
  • ECON2233 Microeconomics: Policy and Applications (6)
  • ECON2234 Macroeconomics: Policy and Applications (6)
  • ECON2271 Introductory Econometrics (6)
  • ECON2272 Intermediate Mathematics for Economists (6)
  • FINA2222 Corporate Financial Policy (6)

Level 3

• Core:
  • ECON3236 International Finance (6)
  • ECON3350 Money, Banking and Financial Markets (6)
  • ECON3371 Applied Econometric Methods and Data Analysis (6)
  • FINA3324 Investment Analysis (6)
• Option:
  • Take unit(s) to the value of 12 points:
    • ECON3235 International Trade (6)
    • ECON3301 Game Theory and Strategic Thinking (6)
    • ECON3302 Applied Microeconomics (6)
    • ECON3303 Applied Macroeconomics (6)
    • FINA3304 Banking: Theory and Practice (6)
    • FINA3307 Trading in Securities Markets (6)
    • FINA3326 Applied Financial Management (6)
    • WILG3001 Work Integrated Learning Internship Program (6)

Why Study This Course?

1. You’ll develop knowledge in a unique combination of economics and finance that focuses specifically on how money, banking and financial markets operate.
2. You’ll be taught by global leaders in their field who will provide you with the latest research and knowledge.
3. Your learning will be supported by world-class facilities such as our Trading Room, which has the latest software and technology used by all modern financial institutions.

Career Pathways

This Extended Major is designed for students who seek to become professional economists and pursue careers as economic consultants, economic and financial analysts, and specialist economists in government, business, banking and other financial institutions. UWA Economics graduates have built careers in the Australian and State Treasuries, the Australian Reserve Bank, as well as in economic consultancies, major companies, banks and large financial institutions.

Further Study

Financial Economics graduates may choose to pursue the following further study opportunities.

• Bachelor of Economics (Honours)
• Master of Economics
• Master of Applied Finance
• Master of Business Analytics

Fees and Scholarships

Learn more about the fees that apply to you for this course. For fee type definitions and further assistance, see the Fee Calculator Help page. You can also search our database for scholarships that are relevant to you or this course.

Domestic Student Fees

• Fee calculator

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.
• Search Scholarships

International Student Fees

• Annual course fee: $47,600.00 (2025)
• 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.
• Find out more about international student tuition fees and visit the fee calculator for the relevant course fees.
• Fees are subject to annual indexation.

Admission Requirements

The University of Western Australia welcomes applications from international and domestic school-leavers. If you’re interested in studying one of these majors, find out the admission details below.

Minimum Entry Requirements

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

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

• Status: Available in 2024
• Locations: Perth (Crawley campus)
• Attendance: Full-time, Part-time
• Delivery: On-campus
• Starting dates: Semester 1, Semester 2
• Level of study: Undergraduate
• Course Code: MJD-FINEC
• Full time/part time duration: 3 years (BEc); 4 years (BPhil [Hons])
• Degrees course is available in: Bachelor of Economics

You'll Learn To

• Demonstrate comprehensive knowledge of banking, financial and economic theories and applications.
• Apply qualitative and quantitative economic techniques to evaluate key information on money, banking and financial issues to inform effective decision-making.
• Communicate clearly, effectively and appropriately to a variety of stakeholders across a range of banking, financial and economic contexts.
• Demonstrate an awareness of, and sensitivity to a variety of social and economic perspectives.
• Apply your theoretical learning to industry-related projects, either through an internship with an organisation, or through an industry-based project in your final year of study.