Course Planning Guide 2012 - Faculty of Business and Economics
Course Planning Guide 2012 - Faculty of Business and Economics
Course Planning Guide 2012 - Faculty of Business and Economics
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<strong>Course</strong> <strong>Planning</strong> <strong>Guide</strong> <strong>2012</strong><br />
Bachelor <strong>of</strong> Commerce
Message from the Dean<br />
Table <strong>of</strong> contents<br />
Welcome to the Bachelor <strong>of</strong> Commerce! This <strong>Guide</strong> outlines the various ways you<br />
can customise <strong>and</strong> plan your course, provides information on our unique range<br />
<strong>of</strong> student experiences, <strong>and</strong> helps you map the graduate pathways open to you<br />
on completion <strong>of</strong> your degree. You can use this <strong>Guide</strong> in conjunction with the<br />
university’s H<strong>and</strong>book, www.unimelb.edu.au/h<strong>and</strong>book to construct your BCom<br />
study plan.<br />
The <strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> has an international reputation for<br />
excellence in teaching <strong>and</strong> research, as evidenced by the University’s strong<br />
performance in prominent international business <strong>and</strong> economics rankings.<br />
The University <strong>of</strong> Melbourne is currently ranked first in Australia for business<br />
<strong>and</strong> economics (Academic Ranking <strong>of</strong> World Universities, Shanghai Jiao Tong<br />
University 2011), first in the Asia-Pacific for Accounting <strong>and</strong> Finance, <strong>and</strong> equal<br />
first in the Asia-Pacific for <strong>Economics</strong> <strong>and</strong> Econometrics (QS World University<br />
Rankings by Subject 2011). The <strong>Faculty</strong>’s connections with prestigious local <strong>and</strong><br />
international universities <strong>and</strong> businesses deliver a range <strong>of</strong> very tangible student<br />
benefits. Our graduates, over 35,000 worldwide, have excellent career outcomes.<br />
So good in fact that the University <strong>of</strong> Melbourne recently ranked in the world’s<br />
top 10 universities for the employability <strong>of</strong> its graduates. The <strong>Faculty</strong>’s Graduate<br />
School <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> (GSBE) <strong>of</strong>fers you the choice <strong>of</strong> undertaking a<br />
range <strong>of</strong> graduate study programs to further advance your career opportunities.<br />
To deliver the best student learning experience, the <strong>Faculty</strong> <strong>of</strong>fers a wide range <strong>of</strong><br />
facilities <strong>and</strong> support services to help you transition seamlessly into the University<br />
community. These include the Commerce Student Centre, the Teaching <strong>and</strong><br />
Learning Unit (TLU) dedicated to the <strong>Faculty</strong>, the <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> Careers<br />
Centre <strong>and</strong> the Giblin Eunson Library.<br />
The Commerce Student Centre <strong>of</strong>fers a range <strong>of</strong> services to help students settle<br />
into university life <strong>and</strong> provides extra opportunities <strong>and</strong> student experiences<br />
designed to complement your studies <strong>and</strong> further develop the skills gained in your<br />
degree. I encourage you to explore the <strong>Faculty</strong>’s website, www.fbe.unimelb.edu.au<br />
to find out more about our <strong>Faculty</strong> <strong>and</strong> the extensive range <strong>of</strong> services we provide.<br />
The <strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> is dedicated to building a dynamic <strong>and</strong><br />
diverse community <strong>of</strong> scholars. I welcome you as part <strong>of</strong> this community <strong>and</strong> wish<br />
you the best <strong>of</strong> luck for your studies in <strong>2012</strong>.<br />
Yours sincerely,<br />
Pr<strong>of</strong>essor Margaret A. Abernethy<br />
Dean, <strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong><br />
Photo by Chris Budgeon<br />
Top tips for BCom students ...................................................................................................................................3<br />
Enrolment <strong>and</strong> Orientation......................................................................................................................................4<br />
<strong>Course</strong> structure <strong>and</strong> requirements........................................................................................................................5<br />
<strong>Course</strong> structure <strong>and</strong> requirements for students who commenced before 2008.....................................................9<br />
Majors..................................................................................................................................................................10<br />
Study areas.....................................................................................................................................................11-16<br />
Accounting.............................................................................................................................................11<br />
Actuarial studies.....................................................................................................................................12<br />
<strong>Economics</strong>.............................................................................................................................................13<br />
Finance..................................................................................................................................................14<br />
Management..........................................................................................................................................15<br />
Marketing...............................................................................................................................................16<br />
<strong>Course</strong> plan examples.........................................................................................................................................17<br />
First year subject selection...................................................................................................................................25<br />
Teaching <strong>and</strong> Learning Unit..................................................................................................................................26<br />
Student Experience in the Bachelor <strong>of</strong> Commerce...............................................................................................27<br />
Library <strong>and</strong> IT services.........................................................................................................................................29<br />
University support services..................................................................................................................................30<br />
Honours..............................................................................................................................................................31<br />
Graduate study....................................................................................................................................................33<br />
<strong>Faculty</strong> mission....................................................................................................................................................34<br />
1 2
Top tips for BCom students<br />
Enrolment <strong>and</strong> Orientation<br />
How do I enrol in the Bachelor <strong>of</strong> Commerce?<br />
Independence is a key component <strong>of</strong> university study, <strong>and</strong> organisation is as much <strong>of</strong> an important<br />
trait to have as intelligence or knowledge is.<br />
Joshuah Wren, BCom student<br />
Continue to apply yourself to your work while also making the most <strong>of</strong> every opportunity that comes<br />
your way. Learning at university is not just something that happens in lecture theatres or tutorial<br />
rooms.<br />
Kathryn St. John, BCom student<br />
ÆÆ<br />
Accept your <strong>of</strong>fer<br />
ÆÆ<br />
Complete your administrative enrolment online<br />
ÆÆ<br />
Attend Academic Advice Day (AAD) to obtain information about your<br />
new course <strong>and</strong> to help you choose your subjects for <strong>2012</strong><br />
What subjects should I choose?<br />
ÆÆ<br />
Refer to the H<strong>and</strong>book (www.unimelb.edu.au/h<strong>and</strong>book) to research<br />
your course <strong>and</strong> subject requirements. You can search for all subjects<br />
here, including breadth.<br />
ÆÆ<br />
On AAD attend:<br />
ÆÆ<br />
Commerce <strong>Course</strong> Information Session<br />
ÆÆ<br />
Subject <strong>and</strong> Discipline Information Sessions<br />
ÆÆ<br />
Information about the structure <strong>of</strong> the BCom is on pages 5 - 8, <strong>and</strong> page<br />
25 <strong>of</strong> this <strong>Guide</strong> will help you choose your subjects.<br />
ÆÆ<br />
If you require further assistance or advice in choosing your subjects, you<br />
can make a course advice appointment at www.csc.unimelb.edu.au.<br />
How do I enrol in my subjects?<br />
ÆÆ<br />
Complete your academic enrolment by enrolling in your subjects online<br />
What’s next?<br />
The academic dem<strong>and</strong>s you’ll face at uni can be very different to those you’ve experienced at<br />
school. These include managing the intense pace <strong>of</strong> the academic year, developing study strategies<br />
to help you become a more independent learner, referencing your work correctly, <strong>and</strong> getting<br />
the most out <strong>of</strong> your preparation for mid <strong>and</strong> end <strong>of</strong> semester exams. Find out more about what<br />
study skills are important to succeed in the Bachelor <strong>of</strong> Commerce by attending the Transition to<br />
Commerce (T2C) Program, run by staff <strong>of</strong> the <strong>Faculty</strong>’s Teaching <strong>and</strong> Learning Unit <strong>and</strong> the Giblin<br />
Eunson (<strong>Business</strong> <strong>and</strong> <strong>Economics</strong>) Library. You can get more information about T2C on Academic<br />
Advice Day, or by visiting www.tlu.fbe.unimelb.edu.au/students/undergraduate/T2C<br />
Tim Beaumont, Teaching <strong>and</strong> Learning Unit<br />
ÆÆ<br />
Attend Orientation for an introduction to campus life<br />
ÆÆ<br />
Semester begins!<br />
More information for enrolling students is at<br />
http://www.csc.unimelb.edu.au/planning/new_students.html<br />
3<br />
4
<strong>Course</strong> structure <strong>and</strong> requirements<br />
The information in this section is for students who commenced their Bachelor <strong>of</strong> Commerce in 2008 or later. The Bachelor<br />
<strong>of</strong> Commerce is a flexible degree <strong>and</strong> will expose you to a variety <strong>of</strong> business disciplines before you choose a major.<br />
Students usually choose their major at the beginning <strong>of</strong> the second year.<br />
If you are pursuing actuarial studies, accounting or an approved engineering or psychology breadth studies sequence, you need to<br />
choose specific subjects from first year (refer to pages 17 - 24).<br />
Points need to be completed from two groups <strong>of</strong> subjects – the commerce component <strong>and</strong> the breadth (non-commerce)<br />
component.<br />
Commerce component<br />
Breadth component<br />
What you need to do to complete your BCom<br />
To satisfy the requirements <strong>of</strong> the Bachelor <strong>of</strong> Commerce degree you need to:<br />
ÆÆSatisfy points requirements (see table below)<br />
ÆÆComplete the compulsory subjects<br />
ÆÆSatisfy the quantitative requirement<br />
ÆÆComplete at least one major from the commerce discipline areas<br />
ÆÆMeet prerequisite/corequisite(s) required for subjects<br />
If you commenced your BCom in 2008, 2009 or 2010, also see “Special breadth rules” on page 8.<br />
These are subjects across the business discipline areas:<br />
accounting, actuarial studies, economics, finance, management<br />
<strong>and</strong> marketing.<br />
The degree’s five compulsory subjects are:<br />
ÆÆ<br />
ECON10004 Introductory Microeconomics<br />
ÆÆ<br />
ECON10003 Introductory Macroeconomics<br />
ÆÆ<br />
MGMT20001 Organisational Behaviour<br />
ÆÆ<br />
ECON10005 Quantitative Methods 1*<br />
ÆÆ<br />
One <strong>of</strong> these level-2 quantitative subjects*:<br />
ÆÆ<br />
ECON20003 Quantitative Methods 2<br />
ÆÆ<br />
ECOM20001 Introductory Econometrics<br />
ÆÆ<br />
MGMT20005 <strong>Business</strong> Decision Analysis<br />
ÆÆ<br />
MKTG20004 Market <strong>and</strong> <strong>Business</strong> Research<br />
Majors <strong>and</strong> Accreditation<br />
Advice on which subjects to take to obtain a major<br />
(compulsory) <strong>and</strong> accreditation in a particular area <strong>of</strong> study is<br />
available on pages 11 - 16 <strong>of</strong> this <strong>Guide</strong>.<br />
ÆÆ<br />
Breadth studies are those subjects chosen from outside<br />
the <strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong>. Breadth helps you<br />
develop expertise outside the core program <strong>and</strong> allows you<br />
to explore other areas <strong>of</strong> interest. You can select subjects<br />
<strong>of</strong> your choice, or follow a breadth track: a set <strong>of</strong> subjects<br />
that develops knowledge <strong>and</strong> skills relevant to some theme,<br />
topic or issue. For further information, <strong>and</strong> a full list <strong>of</strong><br />
breadth studies subjects <strong>and</strong> breadth tracks available,<br />
please go to http://breadth.unimelb.edu.au/breadth/info/<br />
Commerce.html<br />
ÆÆ<br />
Certain breadth studies subjects in law or mathematics<br />
must be taken to gain accounting accreditation (see pages<br />
11 <strong>and</strong> 17) or actuarial accreditation (see pages 12 <strong>and</strong> 18).<br />
ÆÆ<br />
Approved sequences <strong>of</strong> breadth studies can lead to<br />
graduate courses in areas including engineering<br />
(see “Special breadth rules” on page 8) or psychology (see<br />
page 22).<br />
ÆÆ<br />
Certain breadth studies subjects may be cross-credited<br />
toward a concurrent diploma (see page 7 for diplomas<br />
<strong>of</strong>fered).<br />
Points requirements<br />
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL<br />
COMMERCE minimum 50 minimum 62.5* minimum 50 at the<br />
University <strong>of</strong><br />
Melbourne<br />
BREADTH maximum 37.5 no special<br />
requirements<br />
TOTAL<br />
no special<br />
requirements<br />
minimum 200;<br />
maximum 250<br />
minimum 50;<br />
maximum 100<br />
minimum 87.5<br />
maximum 125 minimum 62.5* minimum 75 300<br />
*These quantitative subjects are compulsory unless you take the “mathematics path” to meet the quantitative requirement <strong>of</strong> the course – see “Passionate about maths?”<br />
on page 7 for more information.<br />
*This requirement applies only to students who commenced the BCom from 2011 onward<br />
5<br />
6
Which quantitative subjects?<br />
ÆÆ<br />
The choice <strong>of</strong> quantitative subjects will depend on your<br />
chosen field/s <strong>of</strong> study, your level <strong>of</strong> ability <strong>and</strong> interest in<br />
mathematics <strong>and</strong> the subjects in which you wish to enrol<br />
later in your degree.<br />
ÆÆ<br />
When choosing your quantitative subjects, check the<br />
prerequisites <strong>of</strong> the level-2 <strong>and</strong> level-3 subjects you wish to<br />
take to ensure you make the most appropriate choice.<br />
ÆÆ<br />
It is possible to satisfy the quantitative requirement <strong>of</strong> the<br />
course by taking mathematics subjects as breadth. This<br />
option is suitable for students who enjoy mathematics<br />
<strong>and</strong> have strong mathematical skills. See “Passionate about<br />
maths?”<br />
Passionate about maths?<br />
There are two ways to satisfy the quantitative requirement <strong>of</strong><br />
the course:<br />
Option 1 - The st<strong>and</strong>ard path<br />
ÆÆ<br />
ECON10005 Quantitative Methods 1; <strong>and</strong><br />
ÆÆ<br />
One <strong>of</strong> ECON20003 Quantitative Methods 2,<br />
ECOM20001 Introductory Econometrics, MGMT20005<br />
<strong>Business</strong> Decision Analysis or MKTG20004 Market <strong>and</strong><br />
<strong>Business</strong> Research<br />
Option 2 – The mathematics path<br />
If you enjoy maths, <strong>and</strong> you’re good at it, you can consider this<br />
option instead <strong>of</strong> the st<strong>and</strong>ard path:<br />
Two level-2 subjects are taken in second year:<br />
ÆÆ<br />
EITHER MAST20006 Probability for Statistics (for<br />
students not pursuing actuarial studies) OR MAST20004<br />
Probability (for students pursuing actuarial studies); <strong>and</strong><br />
ÆÆ<br />
MAST20005 Statistics<br />
The level-1 prerequisites for the mathematics path subjects are:<br />
Prerequisites for students with a study score <strong>of</strong> 25 or<br />
above in units 3 <strong>and</strong> 4 VCE Mathematical Methods (or<br />
equivalent):<br />
ÆÆ<br />
MAST10005 Calculus 1<br />
ÆÆ<br />
MAST10006 Calculus 2<br />
ÆÆ<br />
MAST10007 Linear Algebra<br />
Prerequisites for students with a study score <strong>of</strong> 27* or<br />
above in units 3 <strong>and</strong> 4 VCE Specialist Mathematics (or<br />
equivalent):<br />
ÆÆ<br />
MAST10006 Calculus 2<br />
ÆÆ<br />
MAST10007 Linear Algebra<br />
Prerequisites for students with a study score <strong>of</strong> 38 or<br />
above in units 3 <strong>and</strong> 4 VCE Specialist Mathematics (or<br />
equivalent):<br />
ÆÆ<br />
MAST10008 Accelerated Mathematics 1<br />
ÆÆ<br />
MAST10009 Accelerated Mathematics 2<br />
*Students with a study score <strong>of</strong> less than 30 are, however,<br />
strongly encouraged to take MAST10005 Calculus 1 before<br />
proceeding to MAST10006 Calculus 2.<br />
It is recommended that students not pursuing actuarial studies<br />
meet the prerequisites for MAST20006 Probability for Statistics<br />
<strong>and</strong> MAST20005 Statistics by enrolling in MAST10006<br />
Calculus 2 <strong>and</strong> MAST10007 Linear Algebra, even if they meet<br />
prerequisites for MAST10008 Accelerated Mathematics 1 <strong>and</strong><br />
MAST10009 Accelerated Mathematics 2. Students intending to<br />
pursue actuarial studies must take the mathematics path <strong>and</strong><br />
enrol in MAST20004 Probability. Note that all <strong>of</strong> the subjects in<br />
option 2 are breadth subjects.<br />
Concurrent diplomas<br />
You can enrich your degree by completing one <strong>of</strong> the following<br />
concurrent diplomas alongside your bachelors degree:<br />
ÆÆ<br />
Diploma in Informatics<br />
ÆÆ<br />
Diploma in Languages<br />
ÆÆ<br />
Diploma in Mathematical Sciences<br />
ÆÆ<br />
Diploma in Music (Practical)<br />
For further information, see<br />
www.bcom.unimelb.edu.au/bachelor/enrich/concurrent.html<br />
Special breadth rules<br />
For students who started their BCom in 2008, 2009 or 2010<br />
ÆÆ<br />
Prior to 2011 the breadth rules for the BCom were the completion <strong>of</strong>: 75-100 breadth points, <strong>of</strong> which 12.5 must be at<br />
level-3.<br />
ÆÆ<br />
From 2011 onward the breadth rules for the BCom are the completion <strong>of</strong>: 50-100 breadth points, with no more than 37.5<br />
breadth points at level-1.<br />
ÆÆ<br />
If you started your BCom before 2011, you can choose to follow the new rules but only if you haven’t completed more than<br />
37.5 level-1 breadth points.<br />
For students majoring in actuarial studies<br />
ÆÆ<br />
Students pursuing accreditation in actuarial studies (defined as those students who successfully complete ACTL30001<br />
Actuarial Modelling I) must take between 75 <strong>and</strong> 87.5 breadth points, including two breadth subjects that are not<br />
mathematics or statistics.<br />
For students taking engineering as breadth<br />
ÆÆ<br />
Students commencing in 2010, 2011 or <strong>2012</strong> pursuing an approved engineering breadth sequence in the civil, electrical,<br />
mechanical or s<strong>of</strong>tware streams will undertake 112.5 points <strong>of</strong> breadth <strong>and</strong> 187.5 commerce points. Students who have<br />
not completed VCE Specialist Mathematics should seek advice from the Commerce Student Centre as to which<br />
mathematics to undertake. Students who wish to complete an engineering breadth sequence will not also be able to<br />
complete accreditation requirements for accounting or actuarial studies within the Bachelor <strong>of</strong> Commerce.<br />
Students who commenced in 2008 or 2009 <strong>and</strong> are taking an approved engineering breadth sequence must complete 200<br />
commerce points.<br />
For further information on studying engineering sequences within the Bachelor <strong>of</strong> Commerce please go to<br />
www.eng.unimelb.edu.au/Undergrad/commerce.html or contact the Commerce Student Centre.<br />
Useful information for course planning<br />
ÆÆ<br />
Most subjects are worth 12.5 points.<br />
ÆÆ<br />
Students normally take four subjects per semester – this is required to finish the course within three years.<br />
ÆÆ<br />
Students must normally complete 50 points <strong>of</strong> study at one year level (e.g. level-1) before proceeding to subjects at the next<br />
year level (e.g. level-2).<br />
ÆÆ<br />
You should enrol in subjects for both semesters in each year.<br />
Check www.csc.unimelb.edu.au/planning for the final dates to change subjects for each semester.<br />
ÆÆ<br />
If you believe your subject selection complies with course requirements, but there is no space for your subjects on your<br />
online Study Plan, contact the Commerce Student Centre for assistance.<br />
ÆÆ<br />
Subjects <strong>of</strong>fered during the Summer Semester are taught in intensive mode. Students should be aware <strong>of</strong> the dem<strong>and</strong>ing<br />
workload involved, particularly those considering taking two subjects.<br />
7<br />
8
<strong>Course</strong> structure <strong>and</strong> requirements for students who<br />
commenced before 2008<br />
COURSE<br />
Bachelor <strong>of</strong><br />
Commerce<br />
POINTS FOR<br />
OTHER DEGREE<br />
FREE POINTS<br />
Bachelor <strong>of</strong> Commerce with… (No new enrolments)<br />
COMMERCE<br />
POINTS<br />
MINIMUM<br />
LEVEL-1 POINTS<br />
– 100 200 50 commerce,<br />
87.5 overall<br />
MINIMUM<br />
LEVEL-3 POINTS<br />
50 commerce,<br />
75 overall<br />
Bachelor <strong>of</strong> Arts 225 75 200 50 commerce 50 commerce<br />
Bachelor <strong>of</strong> Arts<br />
225 75 200 50 commerce 50 commerce<br />
(Media <strong>and</strong><br />
Communications)<br />
Bachelor <strong>of</strong><br />
300 - 200 50 commerce 50 commerce<br />
Engineering<br />
Bachelor <strong>of</strong> Laws 300 - 200 50 commerce 50 commerce<br />
Bachelor <strong>of</strong><br />
Science<br />
237.5 62.5 200 50 commerce 50 commerce<br />
<strong>Course</strong> requirements*<br />
ÆÆ<br />
Complete the compulsory subjects:<br />
ÆÆ<br />
ECON10004 Introductory Microeconomics<br />
ÆÆ<br />
ECON10003 Introductory Macroeconomics<br />
ÆÆ<br />
ECON10005 Quantitative Methods 1<br />
ÆÆ<br />
MGMT20001 Organisational Behaviour**<br />
ÆÆ<br />
one level-2 quantitative subject from the list below:<br />
ÆÆ<br />
ECON20003 Quantitative Methods 2 or<br />
ÆÆ<br />
ECOM20001 Introductory Econometrics or<br />
ÆÆ<br />
MGMT20005 <strong>Business</strong> Decision Analysis or<br />
ÆÆ<br />
MKTG20004 Market <strong>and</strong> <strong>Business</strong> Research<br />
ÆÆ<br />
Complete 50 level-3 commerce points at the University <strong>of</strong> Melbourne;<br />
ÆÆ<br />
Meet prerequisite/corequisite(s) required for subjects.<br />
Majors<br />
A major is a sequence <strong>of</strong> subjects in a particular discipline from an introductory level through to an advanced level.<br />
Students must complete three specified level-3 subjects (these are usually subjects that students would study in the third <strong>and</strong> final<br />
year <strong>of</strong> their degree) to complete a major in a commerce discipline area. Level-3 subjects require students to have completed the<br />
relevant level-1 <strong>and</strong> level-2 (i.e. first <strong>and</strong> second year) prerequisite subjects.<br />
Majors are available across the six discipline areas:<br />
ÆÆ<br />
accounting<br />
ÆÆ<br />
actuarial studies<br />
ÆÆ<br />
economics<br />
ÆÆ<br />
finance<br />
ÆÆ<br />
management<br />
ÆÆ<br />
marketing<br />
Major in <strong>Business</strong><br />
A business major consists <strong>of</strong> six level-3 subjects from three or more fields <strong>of</strong> study within the commerce program. Students should<br />
note that subjects included for a major in business cannot be included in any other major. A student would need to complete six<br />
level-3 subjects in addition to the three required for a specified major if they wish to combine business with another major.<br />
Double majors<br />
Students are able to combine:<br />
FIRST MAJOR<br />
SECOND MAJOR (OPTIONAL)<br />
Accounting<br />
<strong>Economics</strong> Finance Management Marketing<br />
(including accreditation)<br />
<strong>Economics</strong> Accounting Finance Management Marketing<br />
Finance Accounting <strong>Economics</strong> Management Marketing<br />
Management Accounting <strong>Economics</strong> Finance Marketing<br />
Marketing Accounting <strong>Economics</strong> Finance Management<br />
*Check the <strong>2012</strong> H<strong>and</strong>book for specific course requirements <strong>and</strong> remember to check the course requirements <strong>of</strong> the non-commerce degree with your other faculty.<br />
**Students who commenced the Bachelor <strong>of</strong> Commerce or Bachelor <strong>of</strong> Commerce double degrees prior to 2005 are not required to complete this subject.<br />
Actuarial studies with accreditation cannot be combined with any other major.<br />
Subjects required for each major are listed on pages 11 - 16 <strong>of</strong> this <strong>Guide</strong>.<br />
9<br />
10
Study areas<br />
Accounting<br />
Accounting in today’s business world is extremely sophisticated. An accountant is a strategic adviser <strong>and</strong> business partner<br />
who must have a good underst<strong>and</strong>ing <strong>of</strong> business issues <strong>and</strong> processes, as well as the skills necessary for sound decision<br />
making.<br />
Accounting studies will equip you to underst<strong>and</strong> the financial structure <strong>of</strong> an organisation <strong>and</strong> produce <strong>and</strong> analyse financial<br />
information. Accounting graduates usually focus on one or more <strong>of</strong> the following areas:<br />
ÆÆ<br />
Financial Accounting is about the external reporting <strong>of</strong> a company’s financial position <strong>and</strong> performance. Financial accounting<br />
information is used in making investment decisions <strong>and</strong> is widely used to value businesses <strong>and</strong> predict corporate success<br />
<strong>and</strong> failure.<br />
ÆÆ<br />
Management Accounting provides information to managers to help them measure <strong>and</strong> control processes within their<br />
business in a successful <strong>and</strong> pr<strong>of</strong>itable manner. It aids managers in strategy implementation, costing <strong>of</strong> new products <strong>and</strong><br />
services, evaluation <strong>of</strong> the value added by different areas within a business <strong>and</strong> managing their performance.<br />
ÆÆ<br />
Auditing <strong>and</strong> Assurance Services is about monitoring <strong>and</strong> adding credibility to the external reporting disclosures made by<br />
companies. In addition, assurance services add credibility to non-financial information e.g. environmental reporting,<br />
customer-satisfaction surveys, internet reporting <strong>and</strong> even the Oscar count.<br />
Accreditation<br />
To practise as a pr<strong>of</strong>essional accountant in Australia, graduates are required to become a member <strong>of</strong> one <strong>of</strong> the three pr<strong>of</strong>essional<br />
accounting bodies: Certified Practising Accountants Australia, the Institute <strong>of</strong> Chartered Accountants in Australia or the Institute<br />
<strong>of</strong> Public Accountants (IPA). Holders <strong>of</strong> the Bachelor <strong>of</strong> Commerce degree may apply for membership to pr<strong>of</strong>essional accounting<br />
bodies. Accreditation requirements can vary from year to year <strong>and</strong> you are strongly advised to check the websites <strong>of</strong> the respective<br />
pr<strong>of</strong>essional accounting body for information on the requirements for the year in which you commenced your BCom. Further<br />
information about accounting accreditation is available at www.accounting.unimelb.edu.au/teach/pr<strong>of</strong>f.html<br />
Major in Accounting<br />
To obtain a major in accounting you will need to complete the following level-3 accounting subjects:<br />
Actuarial studies<br />
Actuaries work in the assessment, evaluation <strong>and</strong> management <strong>of</strong> the financial risks faced by insurance companies,<br />
superannuation funds <strong>and</strong> other entities. These risks include illness, disability or death <strong>of</strong> individuals, risks to property,<br />
<strong>and</strong> also major catastrophes or economic changes. The actuary’s work is based on a multi-disciplinary background in<br />
mathematics, statistics, demography, finance <strong>and</strong> economics.<br />
These subjects, plus actuarial modelling for life insurance, superannuation <strong>and</strong> general insurance, form the basis <strong>of</strong> the actuarial<br />
stream in the BCom degree. Students learn a variety <strong>of</strong> skills, foremost amongst which are mathematical modelling <strong>and</strong> computing,<br />
which enable them to move into a variety <strong>of</strong> industry positions in the insurance <strong>and</strong> finance sectors, <strong>and</strong> elsewhere.<br />
In Australia, there are currently 2700 actuaries (partly or fully qualified). About 21% <strong>of</strong> these actuaries work in life insurance, 9%<br />
work in superannuation, 19% work in general insurance, <strong>and</strong> the remainder are employed in finance <strong>and</strong> investment, management,<br />
government service <strong>and</strong> universities. Many Australian qualified actuaries work overseas.<br />
Accreditation<br />
The Centre for Actuarial Studies is accredited by the Institute <strong>of</strong> Actuaries <strong>of</strong> Australia, which is the pr<strong>of</strong>essional actuarial body<br />
in Australia. This accreditation means that students who complete certain subjects at the University <strong>of</strong> Melbourne, <strong>and</strong> achieve<br />
a sufficiently high st<strong>and</strong>ard, will be recommended for exemption from the corresponding subjects <strong>of</strong> the Institute <strong>of</strong> Actuaries <strong>of</strong><br />
Australia. Further details are available in the Students’ <strong>Guide</strong> <strong>2012</strong> on the Centre for Actuarial Studies website:<br />
www.economics.unimelb.edu.au/actwww/ugradCurrent.shtml<br />
Major in Actuarial Studies<br />
To obtain a major in actuarial studies you will need to complete 37.5 level-3 points chosen from the following subjects:<br />
ÆÆ<br />
ACTL30001 Actuarial Modelling I<br />
ÆÆ<br />
ACTL30002 Actuarial Modelling II<br />
ÆÆ<br />
ACTL30003 Contingencies<br />
ÆÆ<br />
ACTL30004 Actuarial Statistics<br />
ÆÆ<br />
ACTL30005 Models for Insurance <strong>and</strong> Finance<br />
ÆÆ<br />
ACTL30006 Financial Mathematics III<br />
Please check the prerequisites for these subjects at www.unimelb.edu.au/h<strong>and</strong>book<br />
ÆÆ<br />
ACCT30001 Financial Accounting<br />
ÆÆ<br />
ACCT30002 Enterprise Performance Management<br />
ÆÆ<br />
ACCT30004 Auditing <strong>and</strong> Assurance Services<br />
Please check the prerequisites for these subjects at www.unimelb.edu.au/h<strong>and</strong>book<br />
11<br />
12
<strong>Economics</strong><br />
<strong>Economics</strong> provides skills in problem solving <strong>and</strong> decision making for business <strong>and</strong> government. It teaches ways to<br />
underst<strong>and</strong> what happens in markets <strong>and</strong> how to underst<strong>and</strong> the performance <strong>of</strong> national economies, the global economy,<br />
approaches for analysing <strong>and</strong> interpreting data, <strong>and</strong> how to make decisions about key problems you will confront in a job<br />
in either the private, public or not for pr<strong>of</strong>it sectors.<br />
The skills that you learn in studying economics can lead to a career as a pr<strong>of</strong>essional economist; for example, working as a business<br />
consultant or economic analyst, or part <strong>of</strong> a team <strong>of</strong> economists working at a financial institution or government department or<br />
agency such as Treasury, Foreign Affairs <strong>and</strong> Trade, or the ACCC. <strong>Economics</strong> skills are also a very important part <strong>of</strong> the knowledge<br />
you will need to be successful in other careers such as an accountant or manager.<br />
At each year level, you can study subjects in economics <strong>and</strong> econometrics. Core subjects in macroeconomics, microeconomics<br />
<strong>and</strong> econometrics develop knowledge <strong>of</strong> general skills <strong>and</strong> concepts, while elective subjects present applications to a variety <strong>of</strong><br />
topics relevant to business <strong>and</strong> government. Teaching <strong>and</strong> development <strong>of</strong> knowledge in economics has a ‘building block’ format:<br />
to undertake level-2 subjects upwards in economics, you will need to have done one (or sometimes two) <strong>of</strong> the core subjects at the<br />
previous level.<br />
Major in <strong>Economics</strong><br />
To obtain a major in economics you will need to complete the following level-3 economics subjects:<br />
ÆÆ<br />
ECON30009 Macroeconomics<br />
ÆÆ<br />
ECON30010 Microeconomics<br />
ÆÆ<br />
ECOM30001 Basic Econometrics or ECOM30002 Econometrics<br />
Please check the prerequisites for these subjects at www.unimelb.edu.au/h<strong>and</strong>book<br />
Finance<br />
Finance is the study <strong>of</strong> how individuals, businesses <strong>and</strong> institutions raise funds, <strong>and</strong> how they allocate these funds to<br />
projects <strong>of</strong> differing risk <strong>and</strong> pay<strong>of</strong>f dates.<br />
The discipline <strong>of</strong> finance covers three key areas:<br />
ÆÆ<br />
Capital markets <strong>and</strong> financial institutions considers the operations <strong>and</strong> decisions <strong>of</strong> banks <strong>and</strong> other financial institutions,<br />
such as managed funds, <strong>and</strong> includes the optimal design <strong>of</strong> securities;<br />
ÆÆ<br />
Investments <strong>and</strong> financial planning investigates financial decision making by investors; i.e., the valuation <strong>and</strong> risk<br />
characteristics <strong>of</strong> securities; the optimal construction <strong>and</strong> management <strong>of</strong> investment portfolios; <strong>and</strong> the role <strong>of</strong> financial<br />
markets in trading these securities. This area also includes derivative securities.<br />
ÆÆ<br />
Corporate finance studies financial decision making by companies <strong>and</strong> investigates project evaluation, capital structure<br />
(the mix <strong>of</strong> debt <strong>and</strong> equity to fund investment projects), <strong>and</strong> dividend decisions (how much pr<strong>of</strong>it should be returned to<br />
shareholders).<br />
These core subject areas may be supplemented with more specialised subjects in financial planning (personal finance), real estate<br />
finance, banking, international finance, derivative securities, entrepreneurial finance, ethics in finance <strong>and</strong> Asian capital markets.<br />
Studying finance prepares students for a career in the finance sector <strong>and</strong> as finance specialists in industry <strong>and</strong> government. Possible<br />
careers include those <strong>of</strong> investment banker, securities broker, financial planner, financial analyst, commercial banker, finance<br />
manager, financial risk manager, financial regulator <strong>and</strong> financial marketer. Studies in finance complement the curriculum for students<br />
whose main study interests lie elsewhere, in areas such as accounting, econometrics, marketing <strong>and</strong> business law.<br />
Pr<strong>of</strong>essional Recognition<br />
The Finance <strong>and</strong> Treasury Association (www.finance-treasury.com) gives recognition to finance subjects in the BCom as part <strong>of</strong><br />
their membership <strong>and</strong> accreditation requirements. The Finance Department’s Introductory Personal Finance subject appears on<br />
the Australian Securities & Investments Commission (ASIC) Training Register (www.asic.gov.au). The University <strong>of</strong> Melbourne is a<br />
CFA Program Partner <strong>of</strong> the CFA Institute, the global association for investment pr<strong>of</strong>essionals that awards the prestigious CFA®<br />
designation (see www.cfainstitute.org). The partnership implies that the finance major in the BCom covers at least 70 percent <strong>of</strong> the<br />
Level I C<strong>and</strong>idate Body <strong>of</strong> Knowledge topics including the CFA Institute ethical <strong>and</strong> pr<strong>of</strong>essional st<strong>and</strong>ards.<br />
Major in Finance<br />
To obtain a major in finance you will need to complete the following level-3 finance subjects:<br />
ÆÆ<br />
FNCE30001 Investments<br />
ÆÆ<br />
FNCE30002 Corporate Finance<br />
ÆÆ<br />
FNCE30007 Derivative Securities<br />
Please check the prerequisites for these subjects at www.unimelb.edu.au/h<strong>and</strong>book<br />
13<br />
14
Management<br />
Effective management enables businesses <strong>and</strong> organisations to achieve their goals <strong>and</strong> also provides them with an<br />
important source <strong>of</strong> competitive advantage. As such, management is more than just the leadership <strong>and</strong> control exercised<br />
by senior executives; management skills are practised by people in all roles <strong>and</strong> are valuable at every stage <strong>of</strong> your career.<br />
Managers need to know what makes organisations successful <strong>and</strong> how to analyse, manage <strong>and</strong> improve performance in a range<br />
<strong>of</strong> organisational areas. Studying management equips you with the skills you need to be an effective manager <strong>and</strong> makes you very<br />
attractive to potential employers.<br />
Specialist management areas available for study are human resource management, international business, operations management<br />
<strong>and</strong> managing businesses <strong>and</strong> organisations.<br />
Career options are many <strong>and</strong> varied, including management consultant, strategy specialist, production manager, equity <strong>and</strong> diversity<br />
<strong>of</strong>ficer, international human resources manager, project manager, change analyst, recruitment consultant, manager <strong>of</strong> business<br />
process improvement, industrial relations specialist <strong>and</strong> many others.<br />
Information about our specialist areas can be found at www.managementmarketing.unimelb.edu.au/teach<br />
Major in Management<br />
To obtain a major in management you will need to complete 37.5 level-3 points. Level-3 management subjects available in <strong>2012</strong> are:<br />
ÆÆ<br />
MGMT30002 Managing in Contemporary Organisations<br />
ÆÆ<br />
MGMT30004 International Human Resource Management<br />
ÆÆ<br />
MGMT30005 Managing Strategic Change<br />
ÆÆ<br />
MGMT30006 Managing Entrepreneurship <strong>and</strong> Innovation<br />
ÆÆ<br />
MGMT30008 Organisations, Ethics <strong>and</strong> Society<br />
ÆÆ<br />
MGMT30011 Supply Chain Management<br />
ÆÆ<br />
MGMT30012 <strong>Business</strong> Consulting<br />
ÆÆ<br />
MGMT30013 Strategic Management<br />
ÆÆ<br />
MGMT30015 Career Management<br />
ÆÆ<br />
MGMT30017 Global Consulting Project<br />
ÆÆ<br />
IBUS30002 International Corporate Governance<br />
ÆÆ<br />
IBUS30003 Managing Conflict in Global Workplaces<br />
ÆÆ<br />
IBUS30004 Chinese <strong>Business</strong> <strong>and</strong> Economy<br />
Please check the prerequisites for these subjects at www.unimelb.edu.au/h<strong>and</strong>book<br />
Marketing<br />
Marketing is an activity in which every organisation engages, including corporate firms, not-for-pr<strong>of</strong>it <strong>and</strong> government<br />
organisations.<br />
Marketing enables organisations to respond to market needs <strong>and</strong> maximise pr<strong>of</strong>itability. Key marketing responsibilities include:<br />
ÆÆ<br />
Finding out what goods <strong>and</strong> services customers need <strong>and</strong> want<br />
ÆÆ<br />
Positioning the organisation strategically in the market to meet customer needs <strong>and</strong> wants<br />
ÆÆ<br />
Determining the best ways to advertise, price <strong>and</strong> distribute goods <strong>and</strong> services that customers desire.<br />
Our teaching spans the breadth <strong>of</strong> marketing education including advertising, product <strong>and</strong> br<strong>and</strong> management, strategic marketing,<br />
market research, relationship marketing, global marketing, electronic marketing <strong>and</strong> buyer behaviour. Specialist marketing areas<br />
available for study are communications <strong>and</strong> customer strategy <strong>and</strong> marketing management.<br />
Career options include marketing consultant, marketing manager, market researcher, advertising manager, communications<br />
manager, event manager <strong>and</strong> market analyst.<br />
Information about our specialist areas can be found at: www.managementmarketing.unimelb.edu.au/teach<br />
Pr<strong>of</strong>essional Recognition<br />
All students graduating with a Bachelor <strong>of</strong> Commerce majoring in marketing become Associate Members <strong>of</strong> the Australian<br />
Marketing Institute (AMI). Combined with some years <strong>of</strong> work experience <strong>and</strong> pr<strong>of</strong>essional development, marketers may then be<br />
eligible to attain Certified Practicing Marketer status.<br />
Major in Marketing<br />
To obtain a major in marketing you will need to complete 37.5 level-3 points. Level-3 marketing subjects available in <strong>2012</strong> are:<br />
ÆÆ<br />
MKTG30003 Service <strong>and</strong> Relationship Marketing<br />
ÆÆ<br />
MKTG30006 Retail Management<br />
ÆÆ<br />
MKTG30007 Marketing <strong>and</strong> Society<br />
ÆÆ<br />
MKTG30008 Neuromarketing<br />
ÆÆ<br />
MKTG30009 Marketing Channels<br />
ÆÆ<br />
MKTG30010 Advertising <strong>and</strong> Promotions<br />
ÆÆ<br />
MKTG30011 Product Management<br />
Please check the prerequisites for these subjects at www.unimelb.edu.au/h<strong>and</strong>book<br />
15<br />
16
<strong>Course</strong> plan examples<br />
The following pages provide some examples <strong>of</strong> how you could structure your Bachelor <strong>of</strong> Commerce degree. These are but a few<br />
suggestions for combining studies across discipline areas in the commerce component <strong>and</strong> breadth component. The flexibility <strong>of</strong><br />
the course is such that there are many options in terms <strong>of</strong> subject choice. We encourage you to explore these thoroughly by using<br />
other resources in combination with this <strong>Guide</strong>, such as the <strong>2012</strong> H<strong>and</strong>book which is online at www.unimelb.edu.au/h<strong>and</strong>book, or<br />
by discussing your options with a Student Adviser.<br />
Accounting major <strong>and</strong> accreditation + Finance major<br />
ECON10004 Introductory<br />
Microeconomics<br />
ECON10005 Quantitative<br />
Methods 1<br />
ACCT10001 Accounting<br />
Reports <strong>and</strong> Analysis<br />
Year 1 Year 2 Year 3<br />
ECON20003 Quantitative<br />
Methods 2 or ECOM20001<br />
Introductory Econometrics<br />
MGMT20001 Organisational<br />
Behaviour<br />
ACCT20001 Cost Management<br />
ACCT30002 Enterprise<br />
Performance Management<br />
ACCT30001 Financial<br />
Accounting<br />
Commerce elective e.g.<br />
ECOM30001 Basic<br />
Econometrics or ECOM30002<br />
Econometrics or breadth<br />
Breadth Breadth or commerce elective FNCE30001 Investments<br />
ECON10003 Introductory FNCE20001 <strong>Business</strong> Finance FNCE30007 Derivative<br />
Macroeconomics<br />
Securities<br />
ACCT10002 Accounting<br />
Transactions <strong>and</strong> Analysis<br />
ACCT10003 Accounting<br />
Processes <strong>and</strong> Analysis<br />
BLAW10001 Principles <strong>of</strong><br />
<strong>Business</strong> Law<br />
ACCT20002 Intermediate<br />
Financial Accounting<br />
Breadth or commerce elective<br />
BLAW20001 Corporate Law<br />
FNCE30002 Corporate<br />
Finance<br />
ACCT30004 Auditing <strong>and</strong><br />
Assurance Services<br />
BLAW30002 Taxation Law<br />
Key / Legend<br />
Compulsory subjects<br />
Finance subjects<br />
Commerce elective<br />
or breadth<br />
Accounting subjects<br />
Breadth subjects<br />
Actuarial Studies major <strong>and</strong> accreditation<br />
Year 1 Year 2 Year 3<br />
ECON10004 Introductory<br />
Microeconomics<br />
ACCT10001 Accounting<br />
Reports <strong>and</strong> Analysis<br />
ACTL20001 Financial<br />
Mathematics I<br />
FNCE20001 <strong>Business</strong> Finance<br />
ACTL30001 Actuarial<br />
Modelling I<br />
ACTL30002 Actuarial<br />
Modelling II<br />
Breadth (non mathematics) MAST20004 Probability ACTL30006 Financial<br />
Mathematics III<br />
MAST10008 Accelerated<br />
Mathematics 1<br />
ECON10003 Introductory<br />
Macroeconomics<br />
ACCT10002 Accounting<br />
Transactions <strong>and</strong> Analysis<br />
ACTL10001 Introduction to<br />
Actuarial Studies<br />
MAST10009 Accelerated<br />
Mathematics 2<br />
MGMT20001 Organisational<br />
Behaviour<br />
ACTL20002 Financial<br />
Mathematics II<br />
ECON20001 Intermediate<br />
Macroeconomics<br />
MAST20005 Statistics<br />
Breadth (non mathematics)<br />
Commerce elective or<br />
breadth<br />
ACTL30003 Contingencies<br />
(capstone subject – 25<br />
points)<br />
ACTL30004 Actuarial<br />
Statistics<br />
ACTL30005 Models for<br />
Insurance <strong>and</strong> Finance<br />
Key / Legend<br />
Compulsory subjects<br />
(including quantitative<br />
subjects counting as<br />
breadth)<br />
Commerce subjects,<br />
consisting <strong>of</strong><br />
actuarial, accounting,<br />
economics <strong>and</strong><br />
finance subjects<br />
required for the<br />
actuarial field <strong>of</strong> study<br />
Commerce elective or<br />
breadth<br />
Breadth subjects<br />
The above example shows how you can major in actuarial studies <strong>and</strong> meet Honours entry <strong>and</strong> pr<strong>of</strong>essional accreditation<br />
requirements. Students pursuing accreditation in actuarial studies (defined as those students who successfully complete<br />
ACTL30001 Actuarial Modelling I) must take 75 non-commerce points including two mathematics subjects, MAST20004 Probability<br />
<strong>and</strong> MAST20005 Statistics <strong>and</strong> two breadth subjects that are not mathematics or statistics.<br />
Note: Mid-year commencing students who have not completed VCE Specialist Maths 3 <strong>and</strong> 4 or equivalent cannot complete a<br />
major in actuarial studies within three years.<br />
There are requirements for the maximum <strong>and</strong> minimum number <strong>of</strong> commerce <strong>and</strong> breadth points students must complete at certain<br />
levels. You must account for these when selecting your subjects. See page 6 for more information.<br />
The above example shows how you can major in accounting <strong>and</strong> finance as well as meet accounting pr<strong>of</strong>essional<br />
accreditation requirements. Students wishing to undertake Honours in either discipline must also include ECOM30001 Basic<br />
Econometrics or ECOM30002 Econometrics in their course plan. Students pursuing an accounting major <strong>and</strong> accreditation but not<br />
the finance major need not complete the level-3 finance subjects, but must otherwise follow the example.<br />
There are requirements for the maximum <strong>and</strong> minimum number <strong>of</strong> commerce <strong>and</strong> breadth points students must complete at certain<br />
levels. You must account for these when selecting your subjects. See page 6 for more information.<br />
DISCLAIMER: This information was true <strong>and</strong> correct at the time <strong>of</strong> printing. Please check the <strong>2012</strong> H<strong>and</strong>book at www.unimelb.edu.au/h<strong>and</strong>book for specific course<br />
requirements including subject prerequisites <strong>and</strong> availability.<br />
DISCLAIMER: This information was true <strong>and</strong> correct at the time <strong>of</strong> printing. Please check the <strong>2012</strong> H<strong>and</strong>book at www.unimelb.edu.au/h<strong>and</strong>book for specific course<br />
requirements including subject prerequisites <strong>and</strong> availability.<br />
17<br />
18
<strong>Economics</strong> major + Management or Marketing majors<br />
<strong>Economics</strong> major + Finance major + breadth in Mathematics<br />
Year 1 Year 2 Year 3<br />
ECON10004 Introductory<br />
Microeconomics<br />
ECON20003 Quantitative<br />
Methods 2 or ECOM20001<br />
Introductory Econometrics<br />
ECON30010 Microeconomics<br />
ECON10005 Quantitative<br />
Methods 1<br />
Commerce elective e.g.<br />
MGMT10002 Managing <strong>and</strong><br />
Leading Organisations<br />
ECON20002 Intermediate<br />
Microeconomics<br />
Commerce elective or breadth<br />
ECOM30001 Basic<br />
Econometrics or ECOM30002<br />
Econometrics<br />
Level-3 management or<br />
marketing elective<br />
Breadth Breadth Commerce elective or breadth<br />
ECON10003 Introductory MGMT20001 Organisational ECON30009 Macroeconomics<br />
Macroeconomics<br />
Behaviour<br />
Commerce elective<br />
MKTG10001 Principles <strong>of</strong><br />
Marketing<br />
ECON20001 Intermediate<br />
Macroeconomics<br />
Breadth<br />
Level-3 management or<br />
marketing elective<br />
Level-3 management or<br />
marketing elective<br />
Breadth Commerce elective or breadth Commerce elective or breadth<br />
Key / Legend<br />
Compulsory subjects<br />
Commerce elective<br />
or breadth<br />
Management or<br />
Marketing subjects<br />
<strong>Economics</strong> subjects<br />
Commerce elective<br />
Breadth subjects<br />
The above example shows how you can complete a major in economics as well as a management or marketing major. This<br />
example also meets entry requirements into Honours for economics, management <strong>and</strong> marketing. Subjects which can be taken<br />
in these majors are listed on page 15 (management major) <strong>and</strong> page 16 (marketing major).<br />
There are requirements for the maximum <strong>and</strong> minimum number <strong>of</strong> commerce <strong>and</strong> breadth points students must complete at certain<br />
levels. You must account for these when selecting your subjects. See page 6 for more information.<br />
Year 1 Year 2 Year 3<br />
ECON10004 Introductory<br />
Microeconomics<br />
FNCE10001 Finance 1<br />
ECON20002 Intermediate<br />
Microeconomics<br />
MAST20006 Probability for<br />
Statistics<br />
ECON30010<br />
Microeconomics<br />
ECOM30002<br />
Econometrics<br />
MAST10005 Calculus 1 FNCE20001 <strong>Business</strong> Finance FNCE30007 Derivative<br />
Securities<br />
Commerce elective<br />
Commerce elective or breadth e.g.<br />
MAST20026 Real Analysis with<br />
Applications<br />
FNCE30001 Investments<br />
ECON10003 Introductory<br />
Macroeconomics<br />
ECON20001 Intermediate<br />
Macroeconomics<br />
ECON30009<br />
Macroeconomics<br />
MAST10006 Calculus 2 MAST20005 Statistics FNCE30002 Corporate<br />
Finance<br />
MAST10007 Linear Algebra<br />
Commerce elective<br />
Commerce elective or breadth e.g.<br />
MAST20018 Discrete Maths &<br />
Operations Research<br />
MGMT20001 Organisational<br />
Behaviour<br />
Commerce elective or<br />
breadth e.g. MAST30022<br />
Decision Making<br />
Commerce elective or<br />
breadth<br />
Key / Legend<br />
Compulsory subjects<br />
(including quantitative<br />
subjects counting as<br />
breadth)<br />
Finance subjects<br />
<strong>Economics</strong> subjects<br />
Commerce elective<br />
Breadth subjects<br />
Commerce elective or<br />
breadth<br />
The above example illustrates how students can pursue a double major in economics <strong>and</strong> finance, meet entry requirements<br />
to Honours in either discipline, take mathematics as breadth, <strong>and</strong> follow the mathematics path for satisfying the quantitative<br />
requirement <strong>of</strong> the Bachelor <strong>of</strong> Commerce. <strong>Course</strong> plans such as this one should be considered by students who have an aptitude<br />
for <strong>and</strong> enjoy mathematics, <strong>and</strong> who wish to study valuable complementary subjects in mathematics as part <strong>of</strong> their breadth<br />
component.<br />
There are requirements for the maximum <strong>and</strong> minimum number <strong>of</strong> commerce <strong>and</strong> breadth points students must complete at certain<br />
levels. You must account for these when selecting your subjects. See page 6 for more information.<br />
DISCLAIMER: This information was true <strong>and</strong> correct at the time <strong>of</strong> printing. Please check the <strong>2012</strong> H<strong>and</strong>book at www.unimelb.edu.au/h<strong>and</strong>book for specific course<br />
requirements including subject prerequisites <strong>and</strong> availability.<br />
DISCLAIMER: This information was true <strong>and</strong> correct at the time <strong>of</strong> printing. Please check the <strong>2012</strong> H<strong>and</strong>book at www.unimelb.edu.au/h<strong>and</strong>book for specific course<br />
requirements including subject prerequisites <strong>and</strong> availability.<br />
19<br />
20
Finance major + breadth in Civil Engineering<br />
(For students commencing in the Bachelor <strong>of</strong> Commerce in 2010, 2011 or <strong>2012</strong>)<br />
Year 1 Year 2 Year 3<br />
ECON10004 Introductory FNCE20001 <strong>Business</strong> Finance FNCE30001 Investments<br />
Microeconomics<br />
ECON10005 Quantitative<br />
Methods 1<br />
ECON20003 Quantitative<br />
Methods 2 or ECOM20001<br />
Introductory Econometrics<br />
Level-3 commerce<br />
elective e.g. ECOM30001<br />
Basic Econometrics or<br />
ECOM30002 Econometrics<br />
Commerce elective Commerce elective FNCE30007 Derivative<br />
Securities<br />
MAST10006 Calculus 2*<br />
ECON10003 Introductory<br />
Macroeconomics<br />
FNCE10001 Finance 1<br />
ENGR10003 Engineering<br />
Systems Design 2<br />
MAST10007 Linear Algebra<br />
MAST20029 Engineering<br />
Mathematics<br />
Commerce elective<br />
MGMT20001 Organisational<br />
Behaviour<br />
ENGR20004 Engineering<br />
Mechanics<br />
ENGR20003 Engineering<br />
Materials<br />
ENGR30001 Fluid<br />
Mechanics <strong>and</strong><br />
Thermodynamics<br />
FNCE30002 Corporate<br />
Finance<br />
Commerce elective<br />
ENEN20002 Earth<br />
Processes for Engineering<br />
CVEN30009 Structural<br />
Theory <strong>and</strong> Design<br />
Key / Legend<br />
Compulsory subjects<br />
Finance subjects<br />
Commerce electives<br />
Breadth subjects<br />
The above example shows how you can complete a major in finance with breadth in civil engineering. Students wishing to<br />
undertake Honours in finance must include Basic Econometrics or Econometrics in their course plan. For information on taking<br />
engineering as breadth within the Bachelor <strong>of</strong> Commerce, see “Special breadth rules” on page 8.<br />
Note: *Students who have not completed VCE Specialist Mathematics should seek advice from a Student Adviser as to which<br />
mathematics to undertake.<br />
There are requirements for the maximum <strong>and</strong> minimum number <strong>of</strong> commerce <strong>and</strong> breadth points students must complete at certain<br />
levels. You must account for these when selecting your subjects. See page 6 for more information.<br />
Marketing major + breadth in Psychology<br />
Year 1 Year 2 Year 3<br />
ECON10004 Introductory MGMT20001<br />
Level-3 marketing elective<br />
Microeconomics Organisational Behaviour<br />
ECON10005 Quantitative<br />
Methods 1<br />
ECON20003 Quantitative<br />
Methods 2 or ECOM20001<br />
Introductory Econometrics<br />
Level-3 marketing elective<br />
Commerce elective Commerce elective PSYC20008 Developmental Psychology<br />
PSYC10003 Mind, Brain PSYC20006 Biological Level-3 commerce elective<br />
<strong>and</strong> Behaviour 1 Psychology<br />
ECON10003 Introductory Commerce elective Level-3 marketing elective<br />
Macroeconomics<br />
MKTG10001 Principles <strong>of</strong><br />
Marketing<br />
Commerce elective Commerce elective<br />
Commerce elective<br />
e.g. MGMT10002<br />
Managing <strong>and</strong> Leading<br />
Organisations<br />
PSYC10004 Mind, Brain<br />
<strong>and</strong> Behaviour 2<br />
PSYC20009 Personality<br />
<strong>and</strong> Social Psychology<br />
PSYC20007 Cognitive<br />
Psychology<br />
PSYC30021 Psychological Science:<br />
Theory & Practice<br />
One <strong>of</strong> these electives (check the <strong>2012</strong><br />
H<strong>and</strong>book for availability):<br />
PSYC30017 Advanced Studies <strong>of</strong> Human<br />
Cognition<br />
PSYC30019 Development <strong>of</strong> the Thinking<br />
Child<br />
PSYC30015 Organisational Psychology<br />
PSYC30020 Psychology <strong>of</strong> Sleep <strong>and</strong><br />
Emotions<br />
PSYC30014 The Psychopathology <strong>of</strong><br />
Everyday Life<br />
PSYC30022 Advanced Personality <strong>and</strong><br />
Social Psychology<br />
PSYC30016 Developing Persons in Social<br />
Worlds<br />
PSYC30018 Neuroscience <strong>and</strong> the Mind<br />
PSYC30012 The Unconscious Mind<br />
Key / Legend<br />
Compulsory subjects<br />
Marketing subjects<br />
Commerce electives<br />
Breadth subjects<br />
The above example shows how you can complete a major in marketing, completing subjects necessary for entry into Honours.<br />
The breadth sequence in psychology is APAC accredited <strong>and</strong> satisfies requirements for entry into the Postgraduate Diploma in<br />
Psychology.<br />
There are requirements for the maximum <strong>and</strong> minimum number <strong>of</strong> commerce <strong>and</strong> breadth points students must complete at certain<br />
levels. You must account for these when selecting your subjects. See page 6 for more information.<br />
DISCLAIMER: This information was true <strong>and</strong> correct at the time <strong>of</strong> printing. Please check the <strong>2012</strong> H<strong>and</strong>book at www.unimelb.edu.au/h<strong>and</strong>book for specific course<br />
requirements including subject prerequisites <strong>and</strong> availability.<br />
DISCLAIMER: This information was true <strong>and</strong> correct at the time <strong>of</strong> printing. Please check the <strong>2012</strong> H<strong>and</strong>book at www.unimelb.edu.au/h<strong>and</strong>book for specific course<br />
requirements including subject prerequisites <strong>and</strong> availability.<br />
21<br />
22
Finance major + breadth in Information Technology in Organisations<br />
<strong>Business</strong> major<br />
Year 1 Year 2 Year 3<br />
ECON10004 Introductory<br />
Microeconomics<br />
ECON10005 Quantitative<br />
Methods 1<br />
ACCT10001 Accounting<br />
Reports <strong>and</strong> Analysis<br />
COMP10001 Foundations <strong>of</strong><br />
Computing<br />
ECON10003 Introductory<br />
Macroeconomics<br />
ACCT10002 Accounting<br />
Transactions <strong>and</strong> Analysis<br />
ACCT10003 Accounting<br />
Processes <strong>and</strong> Analysis<br />
ISYS10001 Foundations<br />
<strong>of</strong> Information Systems or<br />
COMP10001 Foundations <strong>of</strong><br />
Computing<br />
MGMT20001<br />
Organisational Behaviour<br />
ECON20003 Quantitative<br />
Methods 2 or ECOM20001<br />
Introductory Econometrics<br />
FNCE20001 <strong>Business</strong><br />
Finance<br />
ISYS20006 Shaping the<br />
Enterprise with ICT<br />
Commerce elective e.g.<br />
FNCE20002 Management<br />
<strong>of</strong> Financial Institutions<br />
Commerce elective<br />
Commerce elective or<br />
breadth<br />
ISYS20007 eCommerce<br />
(from 2013)<br />
FNCE30001 Investments<br />
Level-3 commerce elective, e.g.<br />
ECOM30001 Basic Econometrics<br />
or ECOM30002 Econometrics<br />
Commerce elective<br />
ISYS30007 Creating <strong>Business</strong><br />
Value with ICT (from 2013)<br />
FNCE30007 Derivative Securities<br />
FNCE30002 Corporate Finance<br />
Commerce elective or breadth<br />
ISYS30008 <strong>Business</strong> Analytics<br />
Key / Legend<br />
Compulsory subjects<br />
Accounting subjects<br />
Finance subjects<br />
Commerce electives<br />
Breadth subjects<br />
Commerce elective<br />
or breadth<br />
The above example shows how you can complete a major in finance, completing breadth studies in Information Technology<br />
in Organisations. Students wishing to undertake Honours in finance must include Basic Econometrics or Econometrics in their<br />
course plan.<br />
Year 1 Year 2 Year 3<br />
ECON10004 Introductory MGMT20001 Organisational Level-3 economics elective<br />
Microeconomics<br />
Behaviour<br />
ECON10005 Quantitative<br />
Methods 1<br />
FNCE20001 <strong>Business</strong> Finance Level-3 finance elective<br />
MGMT10002 Managing <strong>and</strong><br />
Leading Organisations<br />
ECON20002 Intermediate<br />
Microeconomics<br />
Level-3 management elective<br />
Breadth Breadth Breadth<br />
ECON10003 Introductory<br />
Macroeconomics<br />
ECON20003 Quantitative Methods<br />
2 or ECOM20001 Introductory<br />
Econometrics<br />
Level-3 economics elective<br />
Commerce elective or<br />
breadth<br />
ECON20001 Intermediate<br />
Macroeconomics<br />
Level-3 finance elective<br />
FNCE10001 Finance 1 Commerce elective or breadth Level-3 management elective<br />
Breadth Commerce elective or breadth Commerce elective or<br />
breadth<br />
Key / Legend<br />
Compulsory subjects<br />
Commerce elective or<br />
breadth<br />
Management subjects<br />
<strong>Economics</strong> subjects<br />
Finance subjects<br />
Breadth subjects<br />
The above example shows how you can complete a business major. A business major consists <strong>of</strong> six level-3 subjects from three<br />
or more fields <strong>of</strong> study within the commerce program. In this example the six level-3 subjects making up the major have been taken<br />
from the economics, finance <strong>and</strong> management fields <strong>of</strong> study.<br />
There are requirements for the maximum <strong>and</strong> minimum number <strong>of</strong> commerce <strong>and</strong> breadth points students must complete at certain<br />
levels. You must account for these when selecting your subjects. See page 6 for more information.<br />
This sequence <strong>of</strong> breadth subjects will ensure you have a strong underst<strong>and</strong>ing <strong>of</strong> how Information <strong>and</strong> Communications<br />
Technology (ICT) can be used to add value to business. You will examine everything from the latest in e-commerce, to business<br />
analytics <strong>and</strong> the ways in which firms create value through the use <strong>of</strong> IT. Subjects in the Information Technology in Organisations<br />
sequence will examine many current issues, including the role <strong>of</strong> technology in contemporary commerce, in supporting evidence<br />
based management, <strong>and</strong> in managing customer relationships. Commerce graduates with Information Technology in Organisations<br />
breadth can look forward to a myriad <strong>of</strong> exciting career options in commercial <strong>and</strong> government organisations, including banking <strong>and</strong><br />
finance, health, <strong>and</strong> IT consulting.<br />
There are requirements for the maximum <strong>and</strong> minimum number <strong>of</strong> commerce <strong>and</strong> breadth points students must complete at certain<br />
levels. You must account for these when selecting your subjects. See page 6 for more information.<br />
DISCLAIMER: This information was true <strong>and</strong> correct at the time <strong>of</strong> printing. Please check the <strong>2012</strong> H<strong>and</strong>book at www.unimelb.edu.au/h<strong>and</strong>book for specific course<br />
requirements including subject prerequisites <strong>and</strong> availability.<br />
DISCLAIMER: This information was true <strong>and</strong> correct at the time <strong>of</strong> printing. Please check the <strong>2012</strong> H<strong>and</strong>book at www.unimelb.edu.au/h<strong>and</strong>book for specific course<br />
requirements including subject prerequisites <strong>and</strong> availability.<br />
23<br />
24
First year subject selection<br />
Subject selection is an online process. Most students will plan the first year <strong>of</strong> their Bachelor <strong>of</strong> Commerce as follows:<br />
Semester 1 (March) Commencement *<br />
Semester 1<br />
Semester 2<br />
Semester 2 (July) Commencement *<br />
Semester 2<br />
ECON10004 Introductory<br />
Microeconomics (compulsory)<br />
ECON10005 Quantitative Methods<br />
1 (compulsory*)<br />
ECON10003 Introductory<br />
Macroeconomics (compulsory)<br />
ECON10004 Introductory<br />
Microeconomics (compulsory)<br />
ECON10005 Quantitative Methods 1<br />
(compulsory*)<br />
Accounting <strong>and</strong> actuarial studies sequences<br />
commerce subject<br />
breadth subject<br />
commerce subject<br />
commerce subject<br />
breadth subject<br />
commerce subject<br />
breadth subject<br />
H<strong>and</strong>book terminology<br />
You will need to refer to the H<strong>and</strong>book<br />
throughout your course to check subject<br />
requirements <strong>and</strong> availability. You are<br />
likely to encounter the following terms:<br />
Prerequisite = a subject or group <strong>of</strong><br />
subjects that needs to be successfully<br />
completed before enrolling in another<br />
subject.<br />
Corequisite = like a prerequisite, but<br />
may be studied at the same time as the<br />
subject that requires it, not necessarily<br />
before.<br />
Students wishing to pursue studies in accounting or actuarial studies must start these sequences from first year <strong>and</strong> should select<br />
their subjects accordingly. See page 17 for information on accounting subjects <strong>and</strong> page 18 for information on actuarial studies<br />
subjects.<br />
* ECON10005 Quantitative Methods 1 is compulsory for all students undertaking the st<strong>and</strong>ard path to fulfil the quantitative requirement <strong>of</strong> the Bachelor <strong>of</strong> Commerce.<br />
For information on how to undertake the “mathematics path” to fulfil the quantitative requirement <strong>of</strong> the Bachelor <strong>of</strong> Commerce see page 7. ECON10005 Quantitative<br />
Methods 1 can be taken in Semester 1 or 2.<br />
Teaching <strong>and</strong> Learning Unit<br />
The Teaching <strong>and</strong> Learning Unit (TLU) provides services for students <strong>of</strong> the<br />
Bachelor <strong>of</strong> Commerce that can increase skills, efficiency <strong>and</strong> performance.<br />
Effective assignment writing, referencing, research, study skills, study networks,<br />
<strong>and</strong> maths <strong>and</strong> statistics are just some <strong>of</strong> the areas the TLU can help you develop.<br />
Visit the TLU on Level 5 <strong>of</strong> 198 Berkeley Street (the Spot), call the TLU on 8344<br />
4465, or check out the website at www.tlu.fbe.unimelb.edu.au to learn how the<br />
TLU can help you achieve your academic goals.<br />
Transition to Commerce<br />
A lecture series for all first year BCom students that provides an essential<br />
introduction to academic expectations in the <strong>Faculty</strong>, referencing conventions,<br />
assignments, academic writing, research <strong>and</strong> exam preparation.<br />
First-Year Peer Mentor Program<br />
Mentoring for new students by existing students. Build friends, networks,<br />
knowledge <strong>and</strong> skills.<br />
Academic Skills Workshops<br />
Targeted, interactive sessions that support BCom students to build academic<br />
writing skills, referencing, grammar, critical thinking <strong>and</strong> more. Workshops cover<br />
skills that are essential for completion <strong>of</strong> assessment tasks such as reports <strong>and</strong><br />
essays. Bring your work-in-progress <strong>and</strong> any questions you may have to get the<br />
most out <strong>of</strong> these sessions. See our website for the workshop timetable.<br />
Peer Writing Tutor<br />
Opportunities to talk with an experienced student about your writing. Bookings<br />
not essential.<br />
Individual Maths <strong>and</strong> Statistics Consultations<br />
Individualised assistance to build maths <strong>and</strong> statistics knowledge <strong>and</strong> skills<br />
essential for all BCom students.<br />
TLU Helpsheets<br />
Over 60 helpsheets that provide advice on writing skills, study skills, citing <strong>and</strong><br />
referencing, text types, <strong>and</strong> maths <strong>and</strong> statistics.<br />
Learn more <strong>and</strong> get involved: www.tlu.fbe.unimelb.edu.au/students/undergraduate/<br />
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26
Student Experience in the Bachelor <strong>of</strong> Commerce<br />
What is Student Experience?<br />
Being a Bachelor <strong>of</strong> Commerce student is not just about attending lectures <strong>and</strong> tutorials <strong>and</strong> completing assignments.<br />
Student Experience is also about getting involved in the many different programs <strong>and</strong> activities that are available to you in<br />
addition to your degree program. These opportunities have been specifically designed for you to gain the most out <strong>of</strong> your<br />
degree <strong>and</strong> your experience at the University <strong>of</strong> Melbourne.<br />
Developing your leadership <strong>and</strong> teamwork skills, exp<strong>and</strong>ing your global perspective <strong>and</strong> tapping into pr<strong>of</strong>essional networks can<br />
give you the tools you need to set yourself apart from other graduates. The Commerce Student Centre encourages you to take<br />
advantage <strong>of</strong> these opportunities <strong>and</strong> enrich your educational experience. What will you choose?<br />
Get involved in<br />
ÆÆ<br />
Academic enrichment opportunities<br />
ÆÆ<br />
Global opportunities<br />
ÆÆ<br />
Community leadership <strong>and</strong> volunteering opportunities<br />
ÆÆ<br />
Pr<strong>of</strong>essional enhancement opportunities<br />
Community leadership <strong>and</strong> volunteering<br />
opportunities<br />
Become involved in a variety <strong>of</strong> leadership, community<br />
engagement <strong>and</strong> volunteering activities to develop your<br />
leadership <strong>and</strong> communication skills <strong>and</strong> enhance your<br />
social <strong>and</strong> pr<strong>of</strong>essional networks.<br />
Add value to your degree through:<br />
ÆÆ<br />
Student clubs <strong>and</strong> societies<br />
ÆÆ<br />
First Year Peer Mentoring Program<br />
ÆÆ<br />
comMExchange Program<br />
ÆÆ<br />
Student Ambassador Leadership Program<br />
(SALP)<br />
ÆÆ<br />
Leadership, Involvement <strong>and</strong> Volunteering<br />
Experience (LIVE)<br />
For further information visit:<br />
www.csc.unimelb.edu.au/experience/community<br />
Pr<strong>of</strong>essional enhancement opportunities<br />
Develop your pr<strong>of</strong>essional skills in preparation for life beyond<br />
your Bachelor <strong>of</strong> Commerce degree. Identify your career goals<br />
<strong>and</strong> pr<strong>of</strong>essional development plans through a wide range <strong>of</strong><br />
programs throughout your degree.<br />
Add value to your degree through:<br />
ÆÆ<br />
Capstone studies – <strong>Business</strong> Consulting,<br />
Global Consulting Project, International<br />
Accounting Study Program<br />
ÆÆ<br />
Case study competitions<br />
ÆÆ<br />
KickStart Your Career<br />
ÆÆ<br />
Career development <strong>and</strong> opportunities<br />
ÆÆ<br />
Pr<strong>of</strong>essional memberships<br />
ÆÆ<br />
Career Mentoring Program<br />
ÆÆ<br />
First Year Leadership Forum<br />
ÆÆ<br />
Future Leaders Forum<br />
For further information visit:<br />
www.csc.unimelb.edu.au/experience/pr<strong>of</strong>essional<br />
Academic enrichment opportunities<br />
Add value to your degree through:<br />
ÆÆ<br />
Learning <strong>and</strong> support services<br />
ÆÆ<br />
Transition to Commerce (T2C)<br />
ÆÆ<br />
Peer Assisted Study Scheme (PASS)<br />
ÆÆ<br />
Diagnostic English Language Assessment<br />
(DELA)<br />
ÆÆ<br />
E3 Expo, showcasing a variety <strong>of</strong> Student<br />
Experience opportunities<br />
For further information visit<br />
www.csc.unimelb.edu.au/experience/academic<br />
Global opportunities<br />
Participate in international programs <strong>and</strong> increase your<br />
international learning <strong>and</strong> cross-cultural exposure whilst adding<br />
diversity to your Bachelor <strong>of</strong> Commerce degree.<br />
Add value to your degree through:<br />
ÆÆ<br />
Student Exchange<br />
ÆÆ<br />
Study Abroad<br />
ÆÆ<br />
Universitas 21 (U21) programs<br />
ÆÆ<br />
International capstone studies subjects -<br />
Global Consulting Project, International<br />
Accounting Study Program<br />
For further information visit:<br />
www.csc.unimelb.edu.au/experience/global<br />
Keeping up to date<br />
Take advantage <strong>of</strong> the opportunities the University has to <strong>of</strong>fer. There are so many amazing trips,<br />
case competitions, career programs, clubs <strong>and</strong> teams for students to get involved in <strong>and</strong> the<br />
insights you gain <strong>and</strong> the people you meet through them are invaluable.<br />
Giulia Mastroianni, BCom<br />
(Honours) student<br />
Don’t forget to keep up to date with the latest information about Student Experience programs for Bachelor <strong>of</strong> Commerce students.<br />
The BCom News email newsletter will ensure you don’t miss out on any <strong>of</strong> the news <strong>and</strong> events taking place at the University <strong>of</strong><br />
Melbourne. You can also join the BCom community <strong>and</strong> follow us on Facebook.<br />
www.facebook.com/BComUniMelb<br />
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Library <strong>and</strong> IT services<br />
Student computing<br />
<strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> students can access computing spaces at 233 Bouverie Street. Printing is also available here.<br />
Openings hours:<br />
During teaching periods: 9.00 a.m. to 9.30 p.m. weekdays, 10.00 a.m. to 3.00 p.m. weekends<br />
During non-teaching periods: 9.00 a.m. to 5.00 p.m. weekdays<br />
Out <strong>of</strong> semester: 9.00 a.m. to 5.00 p.m. weekdays, closed on university holidays<br />
Other University computing facilities across campus, including the libraries, are available to all students. Many <strong>of</strong>fer collaborative<br />
learning spaces. For further information about student IT <strong>and</strong> e-learning support, including computer locations <strong>and</strong> availability, see<br />
www.studentit.unimelb.edu.au<br />
The Giblin Eunson Library<br />
This library includes collections supporting the teaching, learning <strong>and</strong> research activities <strong>of</strong> the <strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong>.<br />
It is located at 111 Barry Street. Its facilities include bookable project rooms for group study, printing <strong>and</strong> photocopying services <strong>and</strong><br />
computers for student use. There are comfortable spaces for studying alone or with others.<br />
Find out more about University library facilities <strong>and</strong> services, including opening hours, at www.library.unimelb.edu.au<br />
University support services<br />
A range <strong>of</strong> services are available to address the various needs <strong>of</strong> the university community. Further information on the following<br />
services is available at www.services.unimelb.edu.au.<br />
Academic Skills<br />
Academic Skills helps students with academic writing, time<br />
<strong>and</strong> task management, oral presentations, exam preparation,<br />
English language development <strong>and</strong> more. Academic Skills<br />
conducts workshops <strong>and</strong> individual tutorials <strong>and</strong> provides the<br />
resources that all students need to be successful at university.<br />
Visit www.services.unimelb.edu.au/asu to access online<br />
resources <strong>and</strong> the Academic Skills workshops calendar. To<br />
book an individual tutorial, drop into the Commerce Student<br />
Centre or call 13MELB (13 6352).<br />
Careers <strong>and</strong> Employment<br />
This unit provides expert, up-to-date careers assistance <strong>and</strong><br />
information, including individual careers counselling.<br />
Disability Liaison<br />
Disability Liaison facilitates the participation <strong>of</strong> students with<br />
temporary or ongoing physical or psychological disabilities at<br />
university.<br />
Counselling Service<br />
The Counselling Service provides free counselling services<br />
<strong>and</strong> workshops to students <strong>and</strong> staff <strong>of</strong> the University. There<br />
are male <strong>and</strong> female counsellors available with extensive<br />
experience in psychological counselling <strong>and</strong> life skills.<br />
Health Service<br />
The Health Service is a general practitioner service. There are<br />
male <strong>and</strong> female doctors available, <strong>and</strong> you may also see a<br />
nurse. The Health Service also refers to outside specialists<br />
where necessary.<br />
Student Housing <strong>and</strong> Financial Aid<br />
Student Housing provides a range <strong>of</strong> information <strong>and</strong> advice<br />
about accommodation <strong>and</strong> tenancy issues. It also coordinates<br />
special accommodation services which assist with providing<br />
transitional housing for disadvantaged students.<br />
Financial Aid provides advice <strong>and</strong> information on student loans<br />
<strong>and</strong> bursaries, government student assistance initiatives,<br />
budgeting, <strong>and</strong> on a range <strong>of</strong> matters related to student<br />
finances. If a student is having trouble coping with a lack <strong>of</strong><br />
money, they can make an appointment for an interview with an<br />
adviser.<br />
Chaplaincy<br />
The University Chaplaincy Service is a multifaith unit which<br />
assists with spiritual counselling for students, staff <strong>and</strong> the<br />
wider community. Chaplains actively assist in personal <strong>and</strong><br />
spiritual growth via prayer groups <strong>and</strong> other activities. Students<br />
from all faiths (or none) are welcome to visit.<br />
Children’s Services<br />
Children’s Services provides quality childcare facilities <strong>and</strong><br />
programs to students <strong>and</strong> staff <strong>of</strong> the University <strong>of</strong> Melbourne<br />
from a range <strong>of</strong> sites.<br />
International Student Services<br />
International students can visit International Student Services<br />
(ISS) for visa-related matters, welfare <strong>and</strong> general support.<br />
Photo by Ben Kreunen<br />
29<br />
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Honours<br />
What is Honours?<br />
The Honours year is an additional (fourth) year <strong>of</strong> specialised study in one or two <strong>of</strong> the following disciplines: accounting, finance,<br />
actuarial studies, economics, management <strong>and</strong> marketing. It is an integrated program with small classes <strong>and</strong> an emphasis on<br />
research <strong>and</strong> achieving advanced underst<strong>and</strong>ing <strong>of</strong> a discipline <strong>and</strong> its specialised subject areas.<br />
Honours will provide you with a wonderful opportunity to complement, exp<strong>and</strong> <strong>and</strong> draw together the theory <strong>and</strong> practical skills<br />
gained in your previous undergraduate studies. The additional year will enable you to develop new research <strong>and</strong> pr<strong>of</strong>essional skills<br />
<strong>and</strong> gain in-depth knowledge in a particular discipline.<br />
How will an Honours year help me?<br />
Honours gives you an opportunity to draw together your early years <strong>of</strong> study <strong>and</strong> add considerable value to your resume. Being<br />
selected into Honours demonstrates that you are part <strong>of</strong> an elite group <strong>of</strong> students who have excelled in their studies. The Honours<br />
year also indicates to employers that you have achieved a depth <strong>of</strong> knowledge <strong>and</strong> expertise in a discipline unobtainable in a<br />
three-year degree. The Honours year differs from your earlier undergraduate years in that it allows <strong>and</strong> requires a greater degree <strong>of</strong><br />
independence <strong>and</strong> flexibility from you. The year will help you to develop the maturity <strong>and</strong> skills required for transition to employment<br />
in a range <strong>of</strong> occupations <strong>and</strong> industries or a research higher degree.<br />
The Honours year is your first chance to engage in significant research, but the process itself will develop a variety <strong>of</strong> transferable<br />
skills that go beyond those learned earlier in your university career. By managing a research project you will develop time <strong>and</strong><br />
project-management skills as well as negotiation <strong>and</strong> communication skills.<br />
Accounting<br />
Actuarial studies<br />
<strong>Economics</strong><br />
Finance<br />
Management<br />
Marketing<br />
ÆÆA grade <strong>of</strong> at least H2B (70%) in each <strong>of</strong> the level-3 subjects required for<br />
the major <strong>and</strong> successful completion <strong>of</strong> Basic Econometrics or Econometrics<br />
or equivalent quantitative studies such as advanced studies in multivariate<br />
statistics or similar;<br />
ÆÆSubject to the approval <strong>of</strong> the Head <strong>of</strong> Department, part time honours may<br />
be <strong>of</strong>fered to suitable c<strong>and</strong>idates who meet the criteria for appointment to<br />
Senior Tutor within the Department <strong>of</strong> Accounting<br />
ÆÆA grade <strong>of</strong> H2B (70%) or better in any four level-3 actuarial studies subjects<br />
(note: a subject worth 25 points is treated as the equivalent <strong>of</strong> two 12.5 point<br />
subjects in the assessment <strong>of</strong> applications for honours).<br />
ÆÆAn average grade <strong>of</strong> at least H2B (70%) across the third year subjects that<br />
constitute the major.<br />
ÆÆA grade <strong>of</strong> at least H2B (70%) in each <strong>of</strong> the level-3 subjects required for<br />
the major, <strong>and</strong> successful completion <strong>of</strong> either <strong>of</strong> the level-3 subjects Basic<br />
Econometrics or Econometrics.<br />
ÆÆA grade <strong>of</strong> at least H2B (70%) in the best three level-3 management or<br />
marketing subjects.<br />
ÆÆA grade <strong>of</strong> at least H2B (70%) in the best three level-3 management or<br />
marketing subjects.<br />
ÆÆCompletion <strong>of</strong> a major (or equivalent) in both disciplines;<br />
The Honours year allows the development <strong>of</strong> more specialist pr<strong>of</strong>essional skills <strong>and</strong> exposes you to cutting edge research literature,<br />
with application <strong>of</strong> those skills to a research project.<br />
The Honours degree is an entry qualification for some Masters degrees <strong>and</strong> a PhD within Australia or overseas. A student with a<br />
good Honours degree can <strong>of</strong>ten proceed directly to a PhD. Possession <strong>of</strong> a good Honours degree also assists students in obtaining<br />
scholarships or other forms <strong>of</strong> financial support to undertake higher degrees. Career advancement has also tended to be more rapid<br />
for Honours graduates.<br />
Quotas may be imposed for some programs.<br />
Entry requirements<br />
Joint honours program in any pair <strong>of</strong> the<br />
disciplines (1) Accounting (2) <strong>Economics</strong><br />
<strong>and</strong> (3) Finance<br />
ÆÆA grade <strong>of</strong> at least H2B (70%) in each <strong>of</strong> the level-3 subjects for each major;<br />
Æ Æ Any additional prerequisite subjects or other requirements as specified<br />
above for each program<br />
Full details <strong>of</strong> the Honours program including prerequisites for entry, how to apply <strong>and</strong> the structure <strong>and</strong> grading <strong>of</strong> the Honours<br />
year are available in the <strong>2012</strong> H<strong>and</strong>book <strong>and</strong> www.bcom.unimelb.edu.au/pathways/honours/degrees. Please be aware that level-3<br />
Honours prerequisite subjects <strong>of</strong>ten also have prerequisites at level-2. We recommend that you familiarise yourself with these when<br />
choosing your second year subjects.<br />
ÆÆ<br />
A completed Bachelor <strong>of</strong> Commerce or double degree (from the University <strong>of</strong> Melbourne) or cognate degree from another<br />
institution within the last two years; <strong>and</strong><br />
ÆÆ<br />
Completion <strong>of</strong> a major (or equivalent) in the particular discipline/s with the appropriate st<strong>and</strong>ard across the major/s; <strong>and</strong><br />
ÆÆ<br />
Any additional prerequisite subjects or other requirements as specified on the next page for each program.<br />
31<br />
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Graduate study<br />
Graduate degrees <strong>of</strong>fer the opportunity for graduates to obtain a pr<strong>of</strong>essional qualification or develop their expertise in an<br />
individual field.<br />
Graduate Programs in <strong>Business</strong> <strong>and</strong><br />
<strong>Economics</strong><br />
The Graduate School <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> (GSBE)<br />
within the <strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> <strong>of</strong>fers a range <strong>of</strong><br />
programs suited to recent graduates as well as those who are<br />
already in the workforce.<br />
The GSBE has programs for graduates whose undergraduate<br />
degree is from a non-business related discipline as well as<br />
programs for Bachelor <strong>of</strong> Commerce graduates who want to<br />
deepen their knowledge in their area <strong>of</strong> interest or to focus on<br />
a different business discipline to that studied at undergraduate<br />
level.<br />
Graduates who wish to gain further expertise in the business<br />
discipline studied at undergraduate level can undertake<br />
a graduate coursework program, or carry out sustained<br />
independent enquiry through a Research Higher Degree.<br />
See www.gsbe.unimelb.edu.au/courses for details on the<br />
GSBE’s <strong>of</strong>ferings.<br />
Graduate Pr<strong>of</strong>essional Entry Degrees in<br />
non-business disciplines<br />
Upon completion <strong>of</strong> the Bachelor <strong>of</strong> Commerce, graduates may<br />
be eligible for a range <strong>of</strong> graduate pr<strong>of</strong>essional entry courses.<br />
Pr<strong>of</strong>essional entry courses are those which qualify graduates for<br />
employment in a specific pr<strong>of</strong>ession.<br />
<strong>Course</strong>s are available in areas as diverse as law, medicine,<br />
teaching, urban planning, social work, psychology, information<br />
systems, engineering, <strong>and</strong> forest ecosystem science. Some<br />
graduate pr<strong>of</strong>essional entry degrees have additional entry<br />
requirements which you should check when choosing subjects<br />
in your undergraduate degree.<br />
Further information on the range <strong>of</strong> graduate pr<strong>of</strong>essional entry<br />
degrees <strong>of</strong>fered, including entry requirements, is available from<br />
www.futurestudents.unimelb.edu.au/courses/graduate/<br />
pr<strong>of</strong>essional-entry-programs.<br />
Photo by David B Simmonds<br />
<strong>Faculty</strong> mission<br />
The <strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> at the University <strong>of</strong> Melbourne aims to provide world class business <strong>and</strong> economics<br />
undergraduate, graduate <strong>and</strong> executive education <strong>and</strong> to be renowned for scholarly teaching, excellence in research <strong>and</strong> the<br />
productive exchange <strong>of</strong> knowledge.<br />
Mission<br />
The leadership <strong>of</strong> the <strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> at the<br />
University <strong>of</strong> Melbourne will be indicated by:<br />
1. a ranking in the top 50 business <strong>and</strong> economics schools<br />
worldwide<br />
2. achieving the highest ranking nationally among schools<br />
<strong>of</strong> business <strong>and</strong> economics<br />
3. attracting the most talented students <strong>and</strong> staff to study<br />
<strong>and</strong> work in the <strong>Faculty</strong><br />
4. being employers’ first choice for graduates<br />
5. being an organisation’s first choice for executive<br />
education<br />
6. providing expert advice on issues critical to the<br />
economic <strong>and</strong> social well-being <strong>of</strong> communities,<br />
enterprises <strong>and</strong> societies.<br />
Teaching <strong>and</strong> Learning<br />
ÆÆ<br />
The <strong>Faculty</strong> will provide the highest quality<br />
undergraduate, graduate <strong>and</strong> executive education<br />
learning experiences which are built on strong<br />
pedagogy, a variety <strong>of</strong> learning opportunities <strong>and</strong> are<br />
inspired by exceptional scholars.<br />
ÆÆ<br />
Graduates will have a depth <strong>of</strong> knowledge <strong>of</strong> the<br />
disciplines <strong>of</strong> the <strong>Faculty</strong>.<br />
ÆÆ<br />
Graduates will have an appreciation <strong>of</strong> the<br />
interdisciplinary approach to problem solving.<br />
ÆÆ<br />
Graduates will be well prepared for employment,<br />
leadership <strong>and</strong> further study.<br />
ÆÆ<br />
The curriculum will appropriately embed global <strong>and</strong><br />
cultural perspectives.<br />
Research<br />
ÆÆ<br />
The <strong>Faculty</strong> will conduct <strong>and</strong> disseminate research <strong>of</strong><br />
high international st<strong>and</strong>ing in the disciplines <strong>of</strong> the<br />
<strong>Faculty</strong>.<br />
ÆÆ<br />
The <strong>Faculty</strong> will emulate the highest international<br />
st<strong>and</strong>ards in the provision <strong>of</strong> research higher degrees.<br />
ÆÆ<br />
Students will variously experience research, research<br />
methodologies <strong>and</strong> research projects.<br />
Knowledge Transfer<br />
ÆÆ<br />
Knowledge exchange will be fostered between the<br />
<strong>Faculty</strong> <strong>and</strong> the public <strong>and</strong> private sectors both<br />
nationally <strong>and</strong> internationally.<br />
ÆÆ<br />
Our academic staff, through research <strong>and</strong> leadership in<br />
their disciplines, will contribute to <strong>and</strong> stimulate debate<br />
on society’s critical issues.<br />
Keystone perspectives<br />
ÆÆ<br />
Research inquiry <strong>and</strong> academic freedom.<br />
ÆÆ<br />
Ethical behaviour <strong>and</strong> integrity.<br />
ÆÆ<br />
Equity <strong>and</strong> access.<br />
ÆÆ<br />
Awareness <strong>of</strong> <strong>and</strong> an engagement in issues <strong>of</strong> national<br />
<strong>and</strong> international importance<br />
ÆÆ<br />
Collegiality <strong>and</strong> involvement in decision-making to build<br />
an open, transparent organisational culture.<br />
ÆÆ<br />
Interdisciplinary thinking<br />
ÆÆ<br />
Diversity <strong>and</strong> cultural awareness as pathways to<br />
the establishment <strong>of</strong> a learning community that is<br />
non-discriminatory <strong>and</strong> that promotes academic<br />
freedom.<br />
33<br />
34
Got a question about your course?<br />
You may find the answer:<br />
ÆÆ<br />
in this <strong>Guide</strong>!<br />
ÆÆ<br />
on the Commerce Student Centre website: www.csc.unimelb.edu.au<br />
ÆÆ<br />
via your Student Portal: www.portal.unimelb.edu.au<br />
ÆÆ<br />
in the Student Information Directory: www.studentadmin.unimelb.edu.au<br />
ÆÆ<br />
in the H<strong>and</strong>book: www.unimelb.edu.au/h<strong>and</strong>book<br />
ÆÆ<br />
with the help <strong>of</strong> the Commerce Student Centre:<br />
Call the University Contact Centre on 13MELB (13 6352)<br />
Visit the Commerce Student Centre at Upper Ground Level, ICT Building, 111 Barry Street, Carlton<br />
Email (general enquiries): 13melb@unimelb.edu.au<br />
Email (course related enquiries): commerce-courseadvice@unimelb.edu.au<br />
Make a course advice appointment at www.csc.unimelb.edu.au/planning/course_advice.html *<br />
* Note: New students can make an appointment via this link from week 3 <strong>of</strong> semester – prior to this, you can attend a course advice appointment following<br />
Academic Advice Day. See page 4 for further information.<br />
<strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong> Bachelor <strong>of</strong> Commerce <strong>Course</strong> <strong>Planning</strong> <strong>Guide</strong><br />
Authorised by: Provost<br />
Published by: The <strong>Faculty</strong> <strong>of</strong> <strong>Business</strong> <strong>and</strong> <strong>Economics</strong><br />
Copyright: The University <strong>of</strong> Melbourne, October 2011<br />
CRICOS Provider code: 00116K<br />
Intellectual Property: For further information refer to www.unimelb.edu.au/Statutes<br />
Copyright: Copyright University <strong>of</strong> Melbourne 2011.<br />
Copyright in this publication is owned by the University <strong>and</strong> no part <strong>of</strong> it may be<br />
reproduced without the permission <strong>of</strong> the University.<br />
Disclaimer: The information in this publication was correct at the time <strong>of</strong> printing.<br />
The University <strong>of</strong> Melbourne reserves the right to make changes as appropriate. As<br />
details may change, you are encouraged to visit the University’s website or contact<br />
the University <strong>of</strong> Melbourne to obtain the latest information.<br />
Statement on Privacy Policy: When dealing with personal or health information about<br />
individuals, the University <strong>of</strong> Melbourne is obliged to comply with the Information<br />
Privacy Act 2000 <strong>and</strong> the Health Records Act 2001.<br />
For further information refer to www.unimelb.edu.au/unisec/privacy/