Home' The Good Universities Guide : The Good Universities Guide 2016 Contents Economics
What majors can I study?
The following are just some of the majors you can study in this
· Agricultural economics
· Asian economics
· Economic history
· Economic policy
· Environmental economics
To find out which institutions have courses with these specialisations, use
the Index on page 427.
What you're in for
Economics can be described as the science of decision-
making. It is concerned with the way society distributes and uses
resources such as land, labour, raw materials, and goods and
services. It is one of the very few fields of study that is both an
academic discipline connected with a huge body of knowledge
and an occupation. Professional economists can study economic
and statistical data related to all spheres of life and society, and
often work in an advisory capacity, reporting and forecasting.
They may even plan and make policy based on their findings.
Professional economists often work in the government sector.
While the federal Treasury or the Reserve Bank may offer the
holy grail of graduate positions, you should also consider
alternate organisations that employ economists, such as unions,
publicly listed corporations, finance and insurance companies,
industry associations and universities.
You might opt for a degree or major in economics because you want
to be an economist, but even if you don't, you might just find it can
offer a fascinating and broad education. Whether or not you seek a
professional career in the field, you should still expect to need a
good grasp of mathematics and English, as well as an aptitude for
investigation and analysis in order to succeed at degree level. For
more information about careers in this field, visit the Economic
Society of Australia website at https:/Iesacentral.org.au.
Other fields of study that are likely to appeal to someone
interested in economics include business and management
(perhaps through a double degree) and accounting. You could
even take a look at the humanities and social sciences profile. If
you enjoy working with numbers, you might also consider
mathematics and perhaps areas like engineering and technology
or computing and information technology.
Courses and specialisations
There is a fairly wide range of courses on offer in the field,
covering specialisations such as business economics, transport
economics and econometrics. The range of specialisations
reflects the different styles and approaches that economists bring
to their work. Some are very mathematical and focus on statistical
and analytical modelling that can be applied to economic
problems. Others focus on the practical details of the problems
and specialise in fields related to specific regions (such as Asian
economics) or industries (such as agricultural economics). Then
there are those that get you thinking in terms of the 'big picture',
such as economic history. There are, however, ways to study
economics outside of a Bachelor of Economics. You can also
specialise in economics within other degrees, the most common
of which are business, commerce and finance (see the profile for
business and management).
Traditionally, the straight Bachelor of Economics covers a core
curriculum that features a mixture of the approaches listed above.
Microeconomics and macroeconomics, history, theory and an
introduction to the analytical and mathematical tools of the trade
are standard first-year fare. After that, students can specialise in
an area of interest. On the other hand, if you complete an
economics specialisation as part of a commerce or finance
degree, the general understanding is that you will have less of an
economics focus and will instead look closer at these disciplines.
You might also find economics streams that reflect this focus on
business or finance.
Of course, there are plenty of exceptions to these course
descriptions. There are some straight economics degrees with a
GRADUATE WITH MORE
THAN JUST A DEGREE
Deakin University has a solid reputation as one of Australia's leading universities,
providing innovative, up-to-date courses in a friendly, supportive environment.
Our professionally relevant courses are internationally recognised and have
built-in flexibility, so you can make the most of your busy lifestyle.
See for yourself at deakin.edu.au
Deakin University CRICOS Provider Code: 001138 DEA005-15
106 GOOD UNIVERSITIES GUIDE
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