Bachelor of Economics and Finance

Course summary

Economics is concerned with the big picture'how a country, region or particular market is operating; while finance is a more microscopic look at industry risk and return on investment. The two disciplines complement each other giving you a more complete picture of the business world'and open many doors to sought-after careers.

This degree

The Bachelor of Economics and Finance is for high achievers and as a graduate of the degree you will be able to identify and apply the tools of analysis to a wide range of economic issues, including the behaviour of consumers and firms, the labour market, the environment, fiscal and monetary policy, and international trade. The program involves compulsory core subjects in first year, with options to major in either/or both Economics and/or Finance.

Students will develop the skills necessary to make responsible professional judgements in their economic and financial decision-making. Your final year culminates with an exciting applied research project capstone subject. This is an experiential learning opportunity that offers a workplace-based project, or more traditional research-based project.

What you will study

You will study the theory, policies, practices and institutions of both the domestic and global economies. You will also develop expertise in the ways individuals, businesses and other organisations raise, allocate and use money.

**Additional Information: The first year of the degree can also be completed at the following locations:

  • UOW Batemans Bay - UAC: 753672
  • UOW Bega - UAC: 753673
  • Shoalhaven Campus - UAC: 753671
  • UOW Southern Highlands - UAC: 753674
  • UOW Southern Sydney - UAC: 753675
Applicants should contact the relevant campus for information regarding subject availability.

Course information

Study area

Business

Campus

Wollongong, Southern Sydney, Southern Highlands, Shoalhaven, Bega, Batemans Bay

Course Code

326

ATAR (UAI)

80

IB Score

28-29

Duration

3 years full-time, or part-time equivalent

Delivery

On Campus

Cricos

075271A

UAC Code

753670 - 753675**

Admission, Key dates, and Fees

Academic Requirements

Applicants need to have achieved the required score in a qualification equivalent to the completion of 13 years of schooling in Australia.

In order to succeed in your chosen course, it is assumed you have completed relevant subjects in your senior high school studies or other relevant qualifications. This is particularly important for degrees which have a strong basis in Mathematics or Science.

English Requirements

The following level of English is required to gain admission to this program:

English Test

Overall Score

Reading

Writing

Listening

Speaking

IELTS Academic

6.0

6.0

6.0

5.0

5.0

TOEFL (Internet-based)

79

18

18

16

16

UOW College: English for Tertiary Studies: Pass (weighted average mark of 50 overall and minimum 50 in Academic Reading and Writing)

Other qualifications may also be considered. Full details can be found on our English Language Requirements website.

Credit Transfer

If you can demonstrate that you have met the learning outcomes for our subjects through prior learning, such as previous tertiary or TAFE qualifications, you may be eligible for credit towards your degree. Where relevant to the UOW degree, specified credit may be given for specific subject(s); where not relevant to the degree, unspecified credit may be awarded.

Click here for more information on UOW's credit transfer arrangements.Successful completion of the UOW College Diploma in Business with a weighted average mark of 75% provides entry into the second year of the Bachelor of Economics and Finance. Candidates should confirm their program of study with the Course Co-ordinator.

Fees

2018 Information
Wollongong
On Campus

Session Fee: $13,224
Full Course Fee: $79,344

Tuition fees are reviewed annually: fees payable are dependent on the year of commencement and are subject to increase during the period of study.

Overseas Health Cover:
Overseas Health Cover (OSHC) must be purchased for the proposed duration of the student visa. For information regarding the OSHC fees applicable, please refer to the international fees website.

Entry Requirements

Assumed Knowledge: Any 2 units of English and Mathematics

EARLY ADMISSION
UOW Early Admission is how the results you’ve earned so far in Years 11 and 12 can secure you a place in a UOW degree before you sit your final exams. This program is for students currently completing their Higher School Certificate; an interstate equivalent or an International Baccalaureate in an on-shore Australian High School. For more information, and to apply for Early Admission, head to the UOW Early Admission website.

Indicative Criteria
Indicative Early Admission criteria for this degree.
The indicative criteria shows the subjects and results that we believe you need to have a good chance of performing well in this degree.

Tertiary/Secondary Studies

Applicants who achieve an appropriate score in one of the following qualifications may be considered for admission:

  • Overseas Year 12 qualification, equivalent to the Higher School Certificate in Australia.
  • A previous Australian Year 12 Higher School Certificate, ie ATAR, UAI, TER, OP, or equivalent
  • A score in the International Baccalaureate equivalent to the required ATAR for this course.
  • Australian Qualification Framework (AQF): Advanced Diploma or Diploma; Cert IV (excluding Trade Certificates) may be considered for some programs
  • A Diploma or Foundation Studies Program from a recognised private institution.
  • TAFE Tertiary Preparation Certificate (TPC)
  • Minimum record of attendance, equal to 1/6 of a bachelor degree from an approved university, provided there is no exclusion or suspension.

Mature Age

Applicants who achieve an appropriate score in one of the following qualifications will be considered for admission:

  • University Access Program (UOW College). The UAP does not provide entry to a 4-year professional degree or any of the double degree programs.
  • Special Tertiary Admissions Test (STAT) for people over 20 years of age on 1 March in the year preceding enrolment. STAT can be used to gain admission to all undergraduate courses other than Engineering and Law. If you haven't been studying for some time you may want to consider a WEA STAT Preparation Course.
  • Limited UAI (5-9 HSC units, including at least 2 units of English) for people over 20 years of age on 1 March in year preceding enrolment.

Credit Transfer

If you can demonstrate that you have met the learning outcomes for our subjects through prior learning, such as previous tertiary or TAFE qualifications, you may be eligible for credit towards your degree. Where relevant to the UOW degree, specified credit may be given for specific subject(s); where not relevant to the degree, unspecified credit may be awarded.

Click here for more information on UOW's credit transfer arrangements.Successful completion of the UOW College Diploma in Business with a weighted average mark of 75% provides entry into the second year of the Bachelor of Economics and Finance. Candidates should confirm their program of study with the Course Co-ordinator.

Fees

2018 Domestic Fees / Commonwealth Supported Place
Wollongong
On Campus

Commonwealth supported students are required to pay a student contribution amount towards the cost of their course. The amounts are calculated based on the subject cluster and the Equivalent Full-time Study Load (EFTSL) value of the subject. For information regarding student contribution amounts, please refer to the UOW Current Students website.

Southern Sydney
On Campus

Commonwealth supported students are required to pay a student contribution amount towards the cost of their course. The amounts are calculated based on the subject cluster and the Equivalent Full-time Study Load (EFTSL) value of the subject. For information regarding student contribution amounts, please refer to the UOW Current Students website.

Southern Highlands
On Campus

Commonwealth supported students are required to pay a student contribution amount towards the cost of their course. The amounts are calculated based on the subject cluster and the Equivalent Full-time Study Load (EFTSL) value of the subject. For information regarding student contribution amounts, please refer to the UOW Current Students website.

Shoalhaven
On Campus

Commonwealth supported students are required to pay a student contribution amount towards the cost of their course. The amounts are calculated based on the subject cluster and the Equivalent Full-time Study Load (EFTSL) value of the subject. For information regarding student contribution amounts, please refer to the UOW Current Students website.

Bega
On Campus

Commonwealth supported students are required to pay a student contribution amount towards the cost of their course. The amounts are calculated based on the subject cluster and the Equivalent Full-time Study Load (EFTSL) value of the subject. For information regarding student contribution amounts, please refer to the UOW Current Students website.

Batemans Bay
On Campus

Commonwealth supported students are required to pay a student contribution amount towards the cost of their course. The amounts are calculated based on the subject cluster and the Equivalent Full-time Study Load (EFTSL) value of the subject. For information regarding student contribution amounts, please refer to the UOW Current Students website.

Admission information

A range of admission options are available for students of all ages and academic backgrounds. The procedures governing admission are defined in UOW’s Admissions Procedures Policy, and the UOW College Admissions policy.

For any specific advice or questions regarding an application, please contact the Future Students Team.


STARTING YOUR JOURNEY

Starting your studies at UOW means learning from some of the brightest minds on the planet. It means having the freedom and flexibility to tailor your experience, follow your passion and see where it takes you. It means belonging to a University with an international reputation for world-class research and exceptional teaching quality—benefits that will help support you in your future career.


Admission criteria


Higher education

This information is intended to provide criteria for eligibility for admission into a UOW undergraduate degree on the basis of tertiary studies. Unfortunately there is currently no detailed admission criteria to provide, so please contact the UOW Future Students Team for more information.

Vocational education & training

This information is intended to provide criteria for eligibility for admission into a UOW undergraduate degree on the basis of a prior qualification that is accredited by the Australian Qualifications Framework (AQF), such as those provided at TAFE. Unfortunately there is currently no detailed admission criteria to provide, so please contact the UOW Future Students Team for more information.

Recent secondary education

This information is intended to provide criteria for eligibility for admission into a UOW undergraduate degree on the basis of ATAR (Australian Tertiary Academic Rank) or equivalent (ENTER, International Baccalaureate (IB), QLD’s Overall Position (OP), etc.) or an Australian Year 12 equivalent overseas qualification. Unfortunately there is currently no detailed admission criteria to provide, so please contact the UOW Future Students Team for more information.

Work & life experience

This information is intended to provide criteria for eligibility for admission into a UOW undergraduate degree as a mature age student who does not have a sufficient ATAR (or Year 12 results), has not completed previous alternative study or did not finish to a Year 12 level at high school. Unfortunately there is currently no detailed admission criteria to provide, so please contact the UOW Future Students Team for more information.


Profile information

This information provides indicative enrolment and an explanation of the basis of admission of students in this course.


INDICATIVE ENROLMENT

This table is intended to show the breakdown of the student group for a course or group of related courses. Unfortunately there is currently no detailed information to provide, so please contact the UOW Future Students Team for more information.


ATAR PROFILE

This table relates to all students selected on the basis of ATAR alone or ATAR in combination with other factors. For more information on ‘bonus points’ and other ATAR-related adjustments commonly available to applicants, see ‘Points to UOW’.

ATAR PROFILE OF ATAR-BASED OFFERS IN 2016

ATAR

Selection Rank

Highest rank to receive an offer

-

-

75th percentile rank to receive an offer

-

-

Median rank to receive an offer

-

-

25th percentile rank to receive an offer

-

-

Lowest rank to receive an offer

-

-

L/N: Low numbers (less than 5 ATAR-based offers made)
N/P: Not published (less than 25 ATAR-based offers made)
Understanding ATAR profile data

ATAR refers to the unadjusted, raw ATAR profile for all students offered a place wholly or partly on the basis of ATAR.
Selection Rank figures represent the ATAR profile of the same student group but includes the impact of ATAR-related adjustments such as 'Points to UOW'.

STUDENT PROFILE

This table shows the breakdown of the applicant background of the student group at UOW for this course. It provides data on students that commenced undergraduate study and continued study beyond the census date at UOW in 2016.

APPLICANT BACKGROUND

2016 intake

2016 intake (%)

Higher education study

-

-

Vocational education & training study

-

-

Recent secondary education

Basis of admission

ATAR Only

-

-

ATAR plus additional criteria

-

-

Other criteria only (non-ATAR)

-

-

Work & life experience

-

-

International students

-

-

All students

-

-

L/N: Low numbers (number of students is less than 5)
N/A: Data not available for this item
N/P: Not published (hidden to prevent calculation of other numbers less than 5)
Understanding student profile data

Higher education study includes people who have studied a University course or completed a bridging or enabling course.
Vocational education and training (VET) study includes people who have undertaken VET study since leaving school.
ATAR only includes people admitted only on the basis of ATAR, regardless of whether this includes adjustment factors such as equity or bonus points.
ATAR plus additional criteria includes people who were admitted where both ATAR and additional criteria were considered (e.g. portfolio, audition, extra test,
early offer conditional on minimum ATAR).
Other criteria only (non-ATAR) includes people admitted on the basis of other criteria only and ATAR was not a factor (e.g. special consideration, audition alone,
schools recommendation scheme with no minimum ATAR requirement).
Work & life experience includes people admitted on the basis of previous achievement other than the above.
International student represents all other students.

MORE INFORMATION

For more information about UOW admission pathways, see UOW Admission Information.

2018 Autumn

Wollongong

Session Commences
26 February 2018

Applications Close

  • Domestic Applicants (UAC): On-time UAC applications close on 29 September.
  • Domestic Applicants (Direct): 29 September. (Late applications may be accepted where places are available.) On-time direct applicants will be advised of their application outcome by no later than 19 January 2018.
  • International applicants: One week prior to the course commencement date.

Session Details
Orientation: 20 - 22 February
Session: 26 February - 21 June

Southern Sydney

Session Commences
26 February 2018

Applications Close

  • Domestic Applicants (UAC): On-time UAC applications close on29 September.
  • Domestic Applicants (Direct):29 September. (Late applications may be accepted where places are available.) On-time direct applicants will be advised of their application outcome by no later than 19 January 2018.

Session Details
Orientation: 20 - 22 February
Session: 26 February - 21 June

Southern Highlands, Shoalhaven, Bega, Batemans Bay

Session Commences
26 February 2018

Applications Close

  • Domestic Applicants (UAC): On-time UAC applications close on 29 September.
  • Domestic Applicants (Direct): 29 September. (Late applications may be accepted where places are available.) On-time direct applicants will be advised of their application outcome by no later than 19 January 2018.

Session Details
Orientation: 20 - 22 February
Session: 26 February - 21 June

2018 Spring

Wollongong

Session Commences
23 July 2018

Applications Close

International Applicants: 1 June
Domestic Applicants: 29 June
Late applications may be considered if places are available.

Session Details
Enrolment & Orientation: 16 July 2018 (TBC)
Session: 23 July - 15 November 2018

Course structure

(Current year structure - subject to change)

Course Learning Outcomes

Students graduating from the Bachelor of Economics and Finance will be able to:

1. Coherently explain and integrate theoretical and technical economic and finance knowledge.
2. Apply theoretical and technical economic and finance knowledge in order to solve problems and provide professional advice in diverse contexts.
3. Critically analyse and evaluate data and information to support decision-making in business and policy settings.
4. Apply a wide range of empirical techniques to exercise professional judgement in addressing economic and finance problems.
5. Communicate knowledge and information to both specialist and non-specialist audiences, orally and in writing.
6. Apply an adaptive and collaborative approach to working with others in a variety of business and professional environments.
7. Reflect on the nature and implications of assumptions and value judgments in economic and financial analysis in both historical and contemporary events that impact on current business and policy decisions.
 

Course Structure

To qualify for award of the degree of Bachelor of Economics and Finance a candidate must complete a total of at least 144 credit points, comprising 72 credit points of core subjects along with completion of one of the major/minor study options listed below totaling at least 72 credit points. 

Subject Code Subject Name Credit Points Session(s)
ACCY111Accounting Fundamentals In Society6Autumn, Spring
ACCY112Accounting In Organisations6Autumn, Spring
COMM101Principles of Responsible Business6Autumn, Spring
COMM121Statistics for Business6Autumn, Spring
ECON100Economic Essentials for Business6Autumn, Spring
ECON102Economics and Society6Autumn, Spring
FIN 111Introductory Principles of Finance6Autumn, Spring
ACCY200Financial Accounting IIA6Autumn, Spring
FIN 222Corporate Finance6Autumn, Spring
ECON339Applied Financial Modelling6Spring
ECON331Financial Economics6Spring
COMM330Economics and Finance Applied Research Project6Winter, Spring
Plus ONE of the following Major/Minor study options, totaling at least 72 credit points.
Economics Major plus a Finance Major #
Economics Major plus a Finance Minor *
Finance Major plus an Economics Minor *
Finance Major plus an International Economics Minor *

# ECON339 may count towards both the Economics and Finance Major study options, hence reducing the total credit points completed for a double Economics/ Finance major by 6 credit points.

* Students may choose to complete an additional minor study option from the minors listed below, or Faculty of Business minor options, or up to 24 credit points of elective subjects from the General Schedule.

No more than 60 credit points shall be for 100-level subjects.

Note: ACCY200, FIN 222, ECON339 and ECON331 can be counted towards an Economics or Finance major or minor where specified in the core or elective subjects of that major or minor.

Majors

Economics

Finance

Minors

Minors in the areas of Economics and Finance include:

  • Economics
  • Finance
  • International Economics


All other Faculty of Business minor study areas include:

To satisfy the requirements of a minor study a student shall complete the listed subjects for the minor.

1.  A single core first year subject is permitted to count towards a minor, however students must ensure they complete the minimum 144 credit points and meet all requirements for the degree. 

2.  A single subject may not count towards a major and minor or towards two minors: double counting is not permitted when completing a minor. Thus completing each minor may require an additional 24 credit points if a single core subject is not included in the minor. Where one (or more) subject(s) is common to a major and a minor or to different minors, the relevant Head of School will designate a replacement subject(s).  

PLEASE NOTE: Subject and session offerings may change prior to the commencement of session. Students are advised to check the latest information available on the Subject Database.

Course Handbook

(Current year structure - subject to change)

Accreditation & professional recognition

Our programs are recognised by peak professional bodies in Australia and internationally. For more information, visit Professional Accreditation and Recognition.

Why choose this course

UOW Business students experience a modern curriculum that doesn’t merely teach business theory, but applies it to everyday business contexts. We develop professionals, managers and business leaders with critical thinking skills who will succeed in their chosen fields.

You have the opportunity to gain practical, real-world experience and make professional connections that will help launch your career, including the opportunity to participate in our Business Internship program, which could see you being partnered with industry leaders such as Commonwealth Bank, Cancer Council, World Vision Australia and Gazal. 

The Faculty of Business is a signatory to the Principles of Responsible Management Education (PRME), a global initiative of the United Nations. The PRME endorses institutions that champion responsible management education, research and thought leadership. 

Career opportunities
  • Auditor
  • Banker
  • Analyst
  • Financial controller
  • Accountant
  • Policy advisor
  • Business adviser
  • OHS officer
  • HR manager consultant
  • Stock broker
  • Insurance broker
  • Fund manager
  • Exporter/importer
  • Public relations coordinator
  • Market researcher
  • Advertising executive
  • Brand/product manager
  • Event manager
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