Bachelor of Business (Economics and Finance)
Royal Melbourne Institute of Technology
About
The Bachelor of Business (Economics and Finance) program provides the knowledge and skills required in the financial management of public and private enterprises through a broad-based curriculum involving highly-focussed and in-depth theoretical and practical learning and professional training in economics and finance, combined with generalist business studies in statistics, accounting, marketing, management, and business IT.The program is delivered on-campus through face-to-face teaching and learning, with some online components, where you will be engaged in a variety of learning experiences, including lectures and tutorials, individual assignments, collaborative team-based projects, presentations, and activities using the Financial Markets Training Simulator.
Assessments include formal examinations, written assignments, presentations, evaluation of case studies, projects, and in-class tests.The final year of the program includes the capstone course BAFI1018 International Finance which will provide you the opportunity to critically reflect on, consolidate and apply the theoretical approaches and work-practice experiences gained throughout the program in discipline related real-world scenarios, providing you with the skills and attributes necessary for work-readiness in your chosen career field or to progress successfully to further studies at the graduate level.
This program will prepare you to work in a globalised, international context as a professional economist, analyst, researcher, trader, or financier in the banking, stockbroking, funds management, insurance and superannuation industries and in other private sector or government organisations requiring high level, technical expertise in financial and economic analysis, or for post-graduate studies and possible employment in tertiary education and academia.
Structure
All courses listed may not be available each Semester.
Year One of Program
Complete the following Eight (8) Core Courses:
Course Title | Credit Points | Course Code | Campus |
---|---|---|---|
Accounting in Organisations and Society | 12 | ACCT1046 | City Campus |
Introduction to Management | 12 | BUSM4176 | City Campus |
Business Information Systems | 12 | ISYS2056 | City Campus |
Business Statistics 1 | 12 | ECON1030 | City Campus |
Prices and Markets | 12 | ECON1020 | City Campus |
Macroeconomics 1 | 12 | ECON1010 | City Campus |
Marketing Principles | 12 | MKTG1025 | City Campus |
Financial Markets | 12 | BAFI1002 | City Campus |
Year Two of Program
Complete the following Six (6) Courses:
Course Title | Credit Points | Course Code | Campus |
---|---|---|---|
Commercial Law | 12 | LAW2442 | City Campus |
Macroeconomics 2 | 12 | ECON1042 | City Campus |
Business Finance | 12 | BAFI1008 | City Campus |
Quantitative Analysis | 12 | ECON1061 | City Campus |
Price Theory | 12 | ECON1048 | City Campus |
Basic Econometrics | 12 | ECON1066 | City Campus |
Select and Complete Two (2) Courses from a Business Discipline or Other Discipline Minor:
Select and Complete Two (2) Courses from:
ANDYear Three of Program
Complete the following Six (6) Courses from the Economics and Finance specialisation:
Course Title | Credit Points | Course Code | Campus |
---|---|---|---|
Risk Management | 12 | BAFI1026 | City Campus |
Law of Investments and Financial Markets | 12 | LAW2457 | City Campus |
International Trade | 12 | ECON1086 | City Campus |
Investment | 12 | BAFI1042 | City Campus |
International Monetary Economics | 12 | ECON1082 | City Campus |
International Finance | 12 | BAFI1018 | City Campus |
Select and Complete Two (2) Courses from a Business Discipline or Other Discipline Minor:
Select and Complete Two (2) Courses from:
Entry requirements
Applicants with recent secondary education (current and within the past two years):
Successful completion of an Australian Year 12 senior secondary certificate of education or equivalent. VCE study score of at least 30 in English (EAL) or at least 25 in English other than EAL or equivalent.
If applicable, this includes equity access schemes and any other adjustment factors.
Vocational Education and Training study applicants:
Successful completion of an Australian Diploma or Advanced Diploma or equivalent overseas qualification.
Higher Education Diploma applicants:
Successful completion of an Australian Higher Education Diploma or equivalent overseas qualification.
Associate Degree applicants:
Domestic applicants who have successfully completed the equivalent of four courses in an Australian Associate Degree with GPA converted to ATAR and no double-fail in any required course of the receiving degree.
International applicants who have successfully completed the equivalent of eight courses in an Australian Associate Degree and no double-fail in any required course of the receiving degree.
All Bachelor Degree applicants:
Domestic applicants who have successfully completed the equivalent of two courses at an Australian Bachelor Degree with GPA converted to ATAR and no double-fail in any required course of the receiving degree.
International applicants who have successfully completed the equivalent of four courses at an Australian Bachelor Degree and no double-fail in any required course of the receiving degree.
Open Universities Australia (OUA) applicants:
Successful completion of two Open Universities Australia higher education units. Scored or graded results are required.
Entrance requirements for international onshore applicants:
All non-Australian residents and overseas full-fee paying students are required to meet RMIT English language requirements. For more information on these requirements see English Language Requirements at RMIT.
Applicants with Work and Life experience:
You may satisfy the academic requirements by completing the STAT multiple choice. If you are applying to RMIT as an applicant with work or life experience, you may sit the STAT multiple choice if you:
- are 19 years of age or over as of 1 January in the year in which you will start your studies and
- have not been enrolled in secondary studies for at least two years and
- have no prior secondary school (Year 12), VET studies, HE studies or relevant work experience that can be considered for entry, or these do not meet the minimum academic requirements for the program
STAT results are valid for two years prior to the commencement of study and can be used to meet Year 12 English prerequisites. You are still required to meet all other program prerequisites or equivalents.
Learn more about RMIT STAT results including minimum STAT scores required to meet prerequisites.
Learning outcomes
Bachelor of Business (Economics and Finance) graduates are able to provide value-adding advice from two disciplines that will enable individuals, public and private organizations to make commercially informed decisions. You will be able to integrate theoretical and technical proficiency in a range of economic and finance applications and contexts that enable you to respond to specific situations and the needs of clients with differing understandings and from a diversity of cultural backgrounds.
On successful completion of this program you will be able to:
Institution
