Undergraduate Commerce, Economics and Finance 2012 Handbook

Professions
Student Support hub
UndergradUate CommerCe, eConomiCs & FinanCe

2 012 stu d e nt h a n d boo k
undergraduate commerce, economics & finance
Contents
important dates Welcome Your studies study Plan Bachelor of Commerce degree study Plan Bachelor of Finance & Bachelor of Finance (international) study Plan Bachelor of economics Your Professions Undergraduate Hub Contacting the Professions Undergraduate Hub Your academic Progress Your experience Your World Your Future glossary and Common terms
4 6 8 10 24 30 38 42 44 46 48 52 54
make yourself familiar with your new, exclusive surrounds and enjoy this learning journey.
2 student handbook 2012
imPortant dates
First semester
mon 27 February mon 12 march Fri 16 march sat 31 march sat 31 march Fri 4 may Fri 8 June sat 16 June sat 30 June mon 16 July sat 21 July semester 1 regular session begins Last day to add courses online due date for payment of upfront student contributions and tuition fees Last day to delete courses from a students record CensUs date: Last day to withdraw without incurring liability for student contributions or tuition fees Last day to withdraw without failure (WnF) Last day to withdraw fail (WF) exam period supplementary exams
BEING A CPA
THE ULTIMATE ADVANTAGE
Chris Thompson CPA Commercial Manager Strategic Procurement Coca-Cola Amatil Australia
To succeed in the business world, you need to stand out. Being a CPA will put you ahead of your competition and ensure youre recognised by employers. Carrying the CPA designation means you will be respected as a professional committed to a successful career. The CPA Program focuses on strategy, leadership and international business while mentored work experience ensures you have the technical, business, leadership and personal effectiveness skills to get ahead. Its everything you need for a successful career. Anyone can start the CPA Program, but only the best become CPAs. Why you should complete the CPA Program
seCond semester
mon 23 July mon 6 august Fri 17 august Fri 31 august Fri 31 august Fri 14 september Fri 26 october sat 3 sat 17 november mon 10 sat 15 december semester 2 regular session begins Last day to add courses online due date for payment of upfront student contributions and tuition fees Last day to delete courses from a students record CensUs date: Last day to withdraw without incurring liability for student contributions or tuition fees Last day to withdraw without failure (WnF) Last day to withdraw fail (WF) exam period supplementary exams
+ + + + +
Gain the globally recognised CPA designation Prepares you for numerous roles, not just ones in accounting or finance Receive ongoing support and training, at every stage in your career Access a network of over 800,000 professionals Have the potential to earn an extremely competitive salary
Click here to find out more about the CPA Program Get connected If youre still studying, or simply not ready to start the CPA Program yet, CPA Passport is for you. CPA Passport is a global network which gives students free access to jobs, resources, networking opportunities, ongoing training, study support and work experience programs. Click here to register for CPA Passport
CPA224187 11/2011
cpaaustralia.com.au
WeLCome
CongratULations on BeComing a stUdent at tHe UniversitY oF adeLaide

studying with the University means you have become part of a rich tradition of excellence in education and research, with world class academics and a vibrant student life. established in 1874, the University of adelaide is one of australias oldest and most prestigious universities and is widely recognised as the centre of academic learning in south australia. the Faculty of the Professions is one of five faculties at the University, established in 1996. the Faculty encompasses five separate schools including economics, Law, education, architecture and Business. the Professions student support Hub, also commonly known as the Professions Undergraduate Hub, services you as a student of the Business, economics or education schools. make yourself familiar with your new, exclusive surrounds and enjoy this learning journey. We look forward to sharing your successful university career with you.
the University of adelaide is one of australias oldest and most prestigious universities.
YoUr stUdies
undergraduate commerce
YoUr degree Program BaCHeLor oF CommerCe

WHat is tHe BaCHeLor oF CommerCe?
the Bachelor of Commerce degree at the University of adelaide is a high demand degree which is valued by employers. it offers five Pathways for you to choose from in order to gain an area or areas of specialisation.
WHat are tHe Five areas oF sPeCiaLisation?

Accounting Corporate finance International business Management and Marketing each pathway has its own set of rules, it is important that you understand these rules which can be found by following the above links.
Can mY PatHWaY(s) Be reCognised on mY degree transCriPt?

Upon completing a pathway it is possible to have it added to you parchment for graduation. if you complete two pathways it is only possible to have one on your parchment, however, the other is recognised by a letter from the Head of school.
HoW do i BUiLd mY PatHWaY(s)?

You build pathways by selecting the correct courses as either Commerce level courses or into elective slots if you are planning to study two pathways. there is a short PowerPoint presentation available on how to build pathways (link to website)
WHat Can i exPeCt in mY First Year?

the first year of the degree provides you with the foundation necessary for a career in business and includes core courses in accounting, economics and business statistics. the degree program has flexibility which allows you to pursue your interests from a wide range of courses, including a choice of electives from other faculties. this enables you to gain a wide range of employable skills and knowledge leading to improved job opportunities.
Can i ComPLete tWo PatHWaYs?

it is possible to complete two various pathway combinations within the 3 year duration.
WHat does mY stUdY PLan Look Like?

the next page shows you the structure of the Commerce degree. From there, we have listed the courses for each pathway and at which level they are taught. You must fit these courses into the general degree framework in order to gain the pathway or pathways.
WHat is tHe dUration oF tHe Program?

the Bachelor of Commerce consists of 72 units (24 courses) and can be completed in 3 years (full-time study). students cannot complete the degree with less than the stipulated amount of units and compulsory courses.
BaCHeLor oF CommerCe
bachelor of commerce degree requirements LeveL i
accounting for decision makers i elective i Principles of macroeconomics i Principles of microeconomics i elective i elective i commerce Level ii commerce Level ii commerce Level ii commerce Level ii
stUdY PLan
LeveL ii
elective i/ii elective i/ii elective ii elective ii commerce Level iii commerce Level iii commerce Level iii commerce Level iii
LeveL iii
elective iii elective iii elective iii elective iii
business & economics statistics elective i
use the table to build your pathway, selecting specific Commerce subjects that are suitable for your chosen pathway. You can then create a second pathway by replacing electives with the specific subjects of another pathway. Click on the pathway titles for further information and additional requirements. Accounting for decision Makers I Information Systems I Accounting Method I Commercial Law I (S) elective I Financial Accounting II Commercial Law II Management Accounting II business Finance II elective I/II elective I/II elective II elective II Accounting theory III Corporate Accounting III Choose 2 from: Income Tax Law III Auditing III Business Tax & GST III Adv. Management Accounting III Corporate Investment & Strategy III Portfolio Theory & Management III Options, Futures & Risk Management III Corporate Finance theory III International Management III Corporate responsibility for Global Business III International Marketing III Legal Aspects of International business III human resource Management III International Management III Strategic Management III organisational dynamics III Market Strategy & Project III Market research III Choose 2 from: International Marketing III Marketing Communications III Services Marketing III Management of Brands III elective III elective III elective III elective III
accounting Pathway
principles of Macroeconomics I principles of Microeconomics I Business & Economics Statistics
corPorate finance Pathway
Accounting for decision Makers I principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I Accounting for decision Makers I principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I
International Financial Institutions & Markets I elective I elective I elective I International Financial Institutions & Markets I Commercial Law I (S) elective I elective I
business Finance II Intermediate econometrics II business Valuation II Financial Institution Management II Management II International business II Introduction to Marketing II International Trade & Investment policy II Management II organisational behaviour II Commerce Level II Commerce Level II Introduction to Marketing II Consumer behaviour II Commerce Level II Commerce Level II
elective I/II elective I/II elective II elective II elective I/II elective I/II elective II elective II
elective III elective III elective III elective III elective III elective III elective III elective III
international business Pathway
management Pathway
Accounting for decision Makers I principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I Accounting for decision Makers I
elective I elective I elective I elective I elective I elective I elective I elective I
elective I/II elective I/II elective II elective II elective I/II elective I/II elective II elective II
elective III elective III elective III elective III elective III elective III elective III elective III
marketing Pathway
principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I
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aCCoUnting PatHWaY
LeveL i
Accounting for decision Makers I Information Systems I Accounting Method I Commercial Law I (S) elective I Financial Accounting II Commercial Law II Management Accounting II business Finance II
LeveL ii
elective I/II elective I/II elective II elective II Accounting theory III Corporate Accounting III
LeveL iii
elective III
accounting Pathway
principles of Macroeconomics I principles of Microeconomics I Business & Economics Statistics
elective III elective III elective III
Choose 2 from: Income Tax Law III Auditing III Business Tax & GST III Adv. Management Accounting III
WHat is tHe aCCoUnting PatHWaY?

the accounting Pathway is designed for students who wish to gain their professional accounting qualifications. the Bachelor of Commerce degree is accredited by the two major australian professional accounting bodies: cPa australia and the institute of chartered accountants in australia (icaa).
WHat ProFessionaL Bodies maY i Join?

You will be granted full professional membership of either accounting body upon completion of: The Bachelor of Commerce (Accounting) degree The CPA Program (CPA Australia) or the CA Program (institute of Chartered accountants in australia) A stipulated length of work experience.
WHat Career oPPortUnities are tHere?

the accounting Pathway not only offers you immediate career opportunities in the field of accounting, but also provides the foundations from which you may pursue many other options in a variety of careers, with the possibility of high financial rewards and international mobility. employment may be found in large or small firms in public practice, commerce, industry, government or academic areas. Career prospects lie in such specialised fields as corporate accounting, financial accounting, management accounting, accounting systems, auditing, taxation, business advisory services and finance. there is also demand from government departments and agencies, such as Commonwealth and state auditor-general offices, australian securities and investments Commission and the australian taxation office. there are increasing opportunities for accountants in all public sector entities. CPa australia and the iCaa have different course requirements. refer to their website for a list of these courses.
WHat are tHe extra rULes?

in addition to the listed Pathway courses, you must include one course from those listed below: Management II Organisational Behaviour II Marketing II Financial Institutions Management II
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CorPorate FinanCe PatHWaY

LeveL i corPorate finance Pathway
Accounting for decision Makers I principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I International Financial Institutions & Markets I elective I elective I elective I business Finance II Intermediate econometrics II business Valuation II Financial Institution Management II
LeveL ii
elective I/II elective I/II elective II elective II
LeveL iii
Corporate Investment & Strategy III Portfolio Theory & Management III Options, Futures & Risk Management III Corporate Finance theory III elective III
WHat is tHe CorPorate FinanCe PatHWaY?

the Corporate Finance Pathway is designed to provide students with specialist skills in finance together with broader studies in business. Corporate Finance focuses on the way financial managers make investment and financing decisions and use financial contracts and capital markets to enhance returns and manage risk. the degree blends financial accounting with finance and has less emphasis on mathematics than the Bachelor of Finance degree, also offered at the University of adelaide.

Upon your completion of the Corporate Finance Pathway, you are entitled to affiliate membership of the financial services institute of australia (finsia). Full membership requires completion of the institutes graduate diploma in applied Finance and investment, progress towards which is greatly facilitated by completion of this degree.

as a graduate, you are likely to find employment in the financial services sector comprising corporations, banks, credit unions, investment institutions, financial consultants, accounting firms, and financial planning firms. Finance directors and corporate treasurers are typically represented on the board of directors of most large companies and public corporations. the structure of the Commerce degree is flexible enough to allow you to complete majors in both Corporate Finance and accounting. this is particularly valuable for vocations such as corporate adviser for mergers and restructuring, corporate treasurer, credit analyst, financial planner, investment adviser, securities analyst, and stockbroker. other finance careers include securities dealing and portfolio management.
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internationaL BUsiness PatHWaY

LeveL i international business Pathway
Accounting for decision Makers I principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I International Financial Institutions & Markets I Commercial Law I (S) elective I elective I Management II International business II Introduction to Marketing II International Trade & Investment policy II
LeveL ii
elective I/II elective I/II elective II elective II International Management III
LeveL iii
elective III
Corporate Responsibility for Global business III International Marketing III Legal Aspects of International business III

* international students who are granted 12 units credit for tertiary study in their home country are deemed to have satisfied 12 units of study abroad.
WHat is tHe internationaL BUsiness PatHWaY?

the international Business Pathway is designed for students who wish to specialise in courses that can lead to a career in international business. the degree program provides a broad foundation in business as well as specialised studies in topics related to the international business arena. in addition, you will complete either one semester of study abroad, study a foreign language or undertake international cultural studies.
other career options include working for government trade bodies or an international aid agency. Career opportunities also exist for management consultants, advising others how to manage their businesses. Following this career route usually requires several years of practical experience and a postgraduate qualification.

to complete the degree, you will need to include the courses shown in the study Pathway, and one of the following: The equivalent of one semester of full-time study undertaken at an approved institution abroad*; or at least 9 units of approved cultural courses; or at least 12 units of foreign language studies; or Completion of the Diploma of Languages.

a career in international business management offers you not only the possibility of high financial rewards, but also variety, satisfaction, and the possibility of international assignments. the international Business Pathway is designed for those who wish to work in a company involved in international business, or for those who can bring such expertise to public bodies such as government. one career alternative in international business management is to work for a large multinational corporation. such firms constantly search for good personnel to assist them in their international operations. these organisations expect employees to be firmly grounded in the principles and practices of management. opportunities in this area include not only the giant multinational firms, but also banks, airlines and travel, tourism and hospitality organisations. Career opportunities also exist in small and medium-sized firms (smes). often, such firms have recently developed an international orientation and the new employee will arrive on the ground floor. managers in smes may not be as specialised as those in large organisations and your initial involvement would be in the export field, carrying out such tasks as evaluating potential new customers and markets, preparing quotes and dealing with such activities as shipping and transportation.
WHere Can i Find tHe aPProved CULtUraL CoUrses?

You can find the approved cultural courses here.
WHY sHoULd i go on exCHange?

it is particularly beneficial for international Business students to go on exchange because you will discover first hand what it is like to live and work in another culture. You will learn differences and similarities in cultural and business practices, gaining an understanding of what it might be like to later work on an international assignment or work for a local firm dealing with international suppliers and customers.
HoW do i organise an exCHange semester?

exchange information can be found on the adelaide abroad website.
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management PatHWaY
LeveL i management Pathway
Accounting for decision Makers I principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I elective I elective I elective I elective I Management II organisational behaviour II Commerce Level II Commerce Level II
LeveL ii
elective I/II elective I/II elective II elective II International Management III Strategic Management III organisational dynamics III
LeveL iii
human resource Management III elective III
WHat is tHe management PatHWaY?

management is the process of administering and coordinating an organisations resources efficiently and effectively in an effort to achieve its goals. the management Pathway will help you develop the skills required to successfully manage changes in work structures, process and product technologies, employment relations and organisational culture.

Upon graduating, you will be eligible for membership of the australian institute of management (aim). the management Pathway meets the aim (sa) qualification of Certified Professional manager (CPmgr). in addition, this qualification requires a minimum of five years work experience with three years in a supervisory position. as a graduate you are also eligible for membership of the australian human resources institute (ahri). note: during the course of their studies students can register as student members of these professional bodies.

a career in management offers you not only the possibility of high financial rewards but also variety, satisfaction and the prospect of international assignments. managers are required in organisations of various sizes in the public, private and not-for-profit sectors. as a graduate, you may join a large organisation. it is most likely that you will be hired at a starting level in areas such as human resources, administration or production, and expected to become familiar with the companys operations before being given a position of responsibility. opportunities for employment also exist in small and medium sized enterprises (smes). You may prefer the challenges of working in this sort of environment as you will be involved in a wider variety of tasks and responsibilities. Career opportunities also exist for management consultants, advising others how to manage their business. management consultants may work for large international consulting firms, national firms, local consulting companies, or for themselves. this career route usually requires several years of practical experience and a postgraduate qualification such as a master of Business administration (mBa) or a master or Commerce (Performance management).

in addition to the listed Pathway courses you must include two courses from those listed below: Commercial Law I Introduction to Marketing II Business Finance II Management Accounting II Professional Ethics Argument & Critical Thinking Professional English (ESL) English for Professional Purposes International Business II
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marketing PatHWaY
LeveL i
Accounting for decision Makers I elective I elective I elective I elective I Introduction to Marketing II Consumer behaviour II Commerce Level II Commerce Level II
LeveL ii
elective I/II elective I/II elective II elective II Market Strategy & Project III Market research III Choose 2 from: International Marketing III Marketing Communications III Services Marketing III Management of Brands III
LeveL iii
elective III
marketing Pathway
principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I
WHat is tHe marketing PatHWaY?

the marketing Pathway is designed to provide you with a sound background in business, together with an understanding of marketings role within and between organisations. People seeking careers in marketing are expected to have well developed decision making skills and to be innovative in their approach to business problems and situations. as a result, the marketing courses are combined with a general business education to ensure that you develop a multi-disciplinary perspective of business. the degree program also aims to develop critical thinking and communication skills so that you may deal effectively with the continually changing business environment. to achieve these aims the degree integrates the development of practical skills and knowledge, with a strong emphasis on understanding current theories, strategic decision making and the latest research.

the marketing Pathway enables you to gain partial credit towards the Certified Professional marketer (CPm) status awarded by the australian marketing institute (ami). this professional accreditation, recognised throughout australia and the Pacific Basin, signals a full professional in the marketing area. Further information about the CPm is available from the ami website.

the degree is designed to equip you for future business roles, including such positions as market planner, sales manager, brand marketer, product and advertising manager, retail manager, public relations officer, advertising executive, service manager and market researcher. apart from specialist marketing areas, employment may be found in areas such as the broadcast media, social research, policy and business analysis, management consulting and strategic planning. graduates can move into careers as graduate trainees with large multi-national corporations in areas such as marketing, sales or advertising and later into general management or marketing management positions.
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otHer FoCUs areas

if you are specialising in only one pathway, you may choose a focus area to compliment your Pathway and broaden your skills. Please note: these courses do not form a pathway and will not be formally recognised with your degree.
ProFessionaL engLisH
including one of the english courses as an elective could prove beneficial now and in your future employment. note that these courses are offered through the Faculty of Humanities and social sciences. numbers are limited, so places will be subject to availability. if english is your first language: english for Professional Purposes if english is not your first Language: Professional english (esL) i or Professional english (esl) ii advanced Professional english (esL) Academic English (for domestic and international students)
eLeCtroniC CommerCe
Your study of electronic Commerce courses will explore the many roles of computerised information systems in modern commercial organisations. graduates will use computers throughout their careers and many will be involved in evaluating, managing or designing computerised information systems. each course balances the understanding of principles with practical skills and analysis of current systems. information systems i internet commerce ii electronic commerce iii
doUBLe & ConCUrrent degrees

to succeed in todays competitive business environment a second degree may be desirable. For example, Commerce/Law is a recognised double degree. You can apply to receive an offer to join both programs. other combinations, such as Finance/Commerce, Commerce/arts and Commerce/ economics are not recognised double degrees. However, they can be studied concurrently. if you are a domestic student, you will commence one program in the first year, and then apply for the second program in the following intake. international students should discuss the process with a Program adviser. if you are undertaking a concurrent degree, it is your responsibility to ensure that you meet the requirements for both degrees. While you may be able to double count courses at Levels i and ii, you will need to seek program advice to confirm the courses that can be counted.
BUsiness LaW
the Business school now offers four undergraduate business law courses. these courses provide business students with a basic understanding of a range of commercial law and tax law issues that are relevant to business. commercial Law i commercial Law ii income tax Law iii business taxation & gst iii
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BaCHeLor oF FinanCe and BaCHeLor oF FinanCe (internationaL)

study Plan for the bachelor of finance Level i
Accounting for decision Makers I principles of Macroeconomics I principles of Microeconomics I business and economic Statistics I or Statistical practice I
n Core Courses n electives
Level ii
Financial Institutions Management II business Finance II Financial economics II Intermediate econometrics II or probability and Statistics elective I/II elective I/II elective II elective II portfolio theory and Management III
Level iii
elective III elective III elective III elective III
For a list of Finance Level iii courses, click here.
undergraduate finance
International Financial Institutions and Markets I elective I First Semester Maths Second Semester Maths
Options, Futures & Risk Management III or Financial Modelling techniques III Finance Level III Finance Level III
WHat is tHe BaCHeLor oF FinanCe?

the Bachelor of Finance is a distinct program that includes topics in finance, commerce, economics and mathematics. this combination provides you with excellent skills in preparation for your career in the finance industry. the general Bachelor of Finance degree will introduce you to the global and institutional aspects of our financial systems. there is a broad coverage of the specialised financial institutions, their asset classes, and the markets in which the difference assets are traded.
WHat ProFessionaL Bodies Can i Join?

Completion of the Bachelor of Finance entitles you to become an affiliate member of the nationally recognised financial services institute of australia (finsia). in addition, the Bachelor of Finance is a useful starting point for complying with the entrance requirements for the globally accepted american professional body, the institute of chartered financial analysts (cfa). By undertaking specific courses, you can also obtain partial compliance with asiC rg146 tier 1 Compliance in the areas of generic knowledge, derivatives and securities.

the following two pages show example study plans for the Bachelor of Finance and the Bachelor of Finance (international). study plans are also available online.
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study Plan for the bachelor of finance (international) Level i

Accounting for decision Makers I International Financial Institutions and Markets I elective I First Semester Maths Second Semester Maths
Level ii
Financial Institutions Management II or International trade and Investment policy II business Finance II Financial economics II Intermediate econometrics II or probability and Statistics elective I/II portfolio theory and Management III
Level iii
elective III
principles of Macroeconomics I principles of Microeconomics I business and economic Statistics I or Statistical practice I
elective I/II Intermediate Microeconomics A II Intermediate Microeconomics A II
Options, Futures & Risk Management III or Financial Modelling techniques III Money, banking and Financial Markets III International Finance III
WHat is tHe BaCHeLor oF FinanCe (internationaL)?

the Bachelor of Finance (international) degree focuses on the management of financial risk internationally. this specialisation is ideal if you are keen to focus on finance at an international level. the program covers areas such as the mechanics and operation of foreign exchanges and interest rate markets, financial econometrics as well as covering important monetary developments and financial issues around the world.
WHat CoUrses sHoULd i seLeCt For LeveL i matHs?

You have a choice of three course combinations to complete your Level i requirements that are tailored to your mathematical background. Below is a guide for your recommended first year maths course. if you have a combined score in saCe mathematical studies and specialist maths of: 30 - 40: matHs 1011 mathematics ia and matHs 1012 mathematics iB 17-33: matHs 1013 mathematics ima and matHs 1011 mathematics ia
Less than 17 or have not studied saCe maths: matHs 1009 introduction to Financial mathematics i and matHs 1010 applications to Quantitative methods in Finance i
both programs directly from sataC or the international office.
enroLment HeLP?
For a guide to building your degree, visit our website.
doUBLe & ConCUrrent degrees

a double degree is an excellent opportunity to enhance your academic experience and expand your career options. most double degree programs with the Bachelor of Finance can be completed in 4-5 years of full time study, provided that you take the appropriate combinations of courses from the first year of study. For double degree programs, such as economics/Finance, Finance/ mathematical and Computer science and Finance/Law, you receive an offer to join
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tHinking oF FUrtHer stUdY?

study Plan for the bachelor of finance (including Pre-requisites for finance honours) Level i
principles of Macroeconomics I principles of Microeconomics I business and economic Statistics I Accounting for decision Makers I
Level ii
business Finance II Intermediate econometrics II Financial economics II Financial Institutes and Management II business Valuation II elective II elective II/I elective II/I portfolio theory and Management III
Level iii
First Semester Math Second Semester Math International Financial Institutions and Markets I elective I
Options, Futures & Risk Management III or Financial Modelling techniques III Corporate Investment Strategy III or Corporate Finance theory III Finance Level III
HonoUrs
the one-year Honours degree can be undertaken by high-achieving graduates of an undergraduate degree, specialising in any of the disciplines offered by the Business school. successful completion of Honours can then lead into a postgraduate research degree. honours degree of bachelor of commerce honours degree of bachelor of finance
WHat CoUrses sHoULd i take to PrePare me For HonoUrs?

Completion of the Bachelor of Commerce degree with a specialised pathway will meet the subject pre-requisites for Commerce Honours in that particular discipline. the study plans on the following pages illustrate the courses you should enrol in within the Bachelor of Finance to meet the pre-requisite requirements for Finance Honours. Please note that other entry requirements apply.
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BaCHeLor oF eConomiCs
study Plan for the bachelor of economics Level i
principles of Macroeconomics I principles of Microeconomics I business and economic Statistics I Introduction to Mathematical economics (basic) I And/or Introduction to Mathematical economics (Advanced) I
Level ii
Intermediate Macroeconomics II Intermediate Microeconomics A II Intermediate econometrics II economics Level II elective II elective II elective II elective II International economic history III economics Level III economics Level III economics Level III
Level iii
undergraduate economics
elective I elective I elective I elective I
For a list of economics Level iii courses, click here.
WHY tHe BaCHeLor oF eConomiCs?

there are fewer universities in australia offering degrees in economics resulting in increased demand for University of adelaide Bachelor of economics graduates. Your degree from the University of adelaide can give you a competitive edge. the Bachelor of economics is also a degree program with the flexibility to try new things or follow interest areas. Half of the program consists of compulsory economics courses. the other half are electives, which means you can choose more economics courses or pursue your interests in a wide range of other fields (e.g. politics, psychology, maths, commerce, languages, finance). either way, you will gain a solid foundation in economics and a wide range of skills and knowledge to help maximise your job prospects.
WHiCH introdUCtorY matHematiCaL eConomiCs CoUrse sHoULd i take?

there are two maths courses offered as part of the economics degree and it is possible for you to do either or both. at the beginning of the year a maths test is available to help you make your selection. if you select the Basic course you are free to enrol in the advanced course the following semester which is an important pre-requisite for a number of second year courses.

the following pages show example study plans for the Bachelor of economics. study plans are also available online.
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are tHere FoCUs areas in tHe BaCHeLor oF eConomiCs?

the Bachelor of economics has a number of focus areas to help you shape your degree.
WHiCH FoCUs CoUrses sHoULd i enroL in For tHe BaCHeLor oF eConomiCs?

accounting Level i Accounting for Decision Makers I Information Systems I Accounting Method I Commercial Law I (S) deveLoPment studies Level i Introduction to Development Studies advanced Level International Trade and Investment Policy II Poverty & Social Development Aid Policy and Administration 3 x Advanced Level Development Studies Approved Electives environmentaL studies Level i Footprints on a Fragile planet Globalisation, Justice and a Crowded planet advanced Level International Trade and Investment Policy II 5x Advanced Level Geographical and Environmental Studies Approved Electives Level ii Commercial Law II Management Accounting II Business Finance II Financial Accounting II Level iii Accounting Theory III Corporate Accounting III Auditing III Income Tax Law III
aCCoUnting
the accounting focus not only offers you immediate career opportunities in the field of accounting, but also provides the foundations from which you may pursue many other options.
deveLoPment stUdies
today many countries are growing rapidly, but international inequality remains - neither are inevitable and whether for work in an international context or as citizens, this focus will help you understand why.
environmentaL stUdies
environmental studies focus is designed to give you a clear knowledge and understanding of environmental issues with an economics background.
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BaCHeLor oF eConomiCs (HonoUrs)

study Plan for the bachelor of economics (including Pre-requisits for economics honours) Level i
principles of Macroeconomics I principles of Microeconomics I business and economic Statistics I Introduction to Mathematical economics (basic) I (if required)
Level ii
Intermediate Microeconomics A II Intermediate Macroeconomics II Intermediate econometrics II Intermediate Mathematical economics II Intermediate Microeconomics b II economic Statistical theory II elective II elective II International economic history III
Level iii
For a list of economics Level iii courses, click here.
Introduction to Mathematical economics (Advanced) I elective I elective I elective I
Advanced Mathematical economics III Macroeconomics III econometrics III
WHY sHoULd i Consider HonoUrs?

By completing an Honours degree in economics you are much better placed in the labour market than students in possession of an ordinary Bachelors degree. employers including the Federal and state treasury, and the reserve Bank of australia often recruit Honours graduates or offer cadetships for students contemplating Honours. graduates employment prospects in the private sector are also enhanced, as international consulting firms usually require an Honours degree.
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eLeCtives
WHat is an eLeCtive?
an elective is a non-core course you can choose from either within your discipline to add breadth to your degree or from another discipline to broaden your general knowledge. electives can either be other Commerce, Finance or economics courses or courses that you find interesting from other schools within the University.
assUmed knoWLedge
if a course has assumed knowledge, then the content taught in that course will expand on prior knowledge taught in another course. it is also strongly recommended that you do not take a course without having the assumed knowledge as specified. assumed knowledge for courses is listed on the course Planner.
WHat are tHe restriCtions WitH eLeCtives?

You can study any course as an elective provided you have satisfied the pre-requisite or assumed knowledge and there are no restrictions listed on the course Planner.
enroLment
We have developed a website to walk you through the enrolment process, from accepting your offer to what you need to do before classes start.
HoW do i Find eLeCtives?

to search for electives, use the Course Planner: Leave the Course Title field empty In the Catalogue Number field, enter 1 for Level I courses or 2 for Level II courses Select your preferred Subject Area from the drop down box Under More Options, select a semester to find more relevant courses. Please note: advanced humanities courses can be counted as either Level ii or Level iii electives.
YoUr internsHiP oPPortUnities

Undertaking a Professions internship provides you with invaluable experience in your field that you cant achieve in the classroom. it is also a great way to build industry networks when you begin looking for employment and life after university. The internship brought together a number of concepts from my undergraduate studies, but the transferable skills I gained were far more valuable: liaising with industry leaders, dealing with an ever-changing workload, and working to a deadline. Hamish ninham, student intern, department of trade and economic development (dted) the University of adelaide has ties with a wide variety of industries and organisations, from large to small enterprises, government, not-For-Profit and other ngos. I am very satisfied with the way our intern fitted in to the Axios workplace. They demonstrated a high level of professionalism at all times - always punctual, communicated appropriately and worked diligently. This research project will be of great benefit to Axios. matt Larwood, general manager, axios it For more information on how the internship program works and to find details on how to register your interest in being shortlisted for these opportunities, go to the faculty of the Professions internship Program website.
Pre-reQUisites
many courses have pre-requisites. if the course information lists pre-requisites, the course requires prior knowledge learnt from the listed courses. each semester, the Professions Undergraduate Hub performs pre-requisite checks for Business, Finance and economics courses. if you do not satisfy the pre-requisite conditions, you will be un-enrolled from the course. Prerequisites are listed on the course Planner.
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YoUr ProFessions UndergradUate HUB

serviCes
the Professions Undergraduate Hub, or Ug Hub, is an exclusive service for students enrolled in Commerce, Finance, economics and education. front counter open monday to friday 9am-5pm the Ug Hub front counter offers a range of services, including help with enrolment, study plans, completing forms and critical date information. You can also book appointments with Program advisers here as well as have answered any general enquiries. at the front counter, you can seek advice about: Specific programs from Program Advisers Overseas study from our specialised Mobility Officer Questions specific to international students from our International Executive Officer, such as advanced standing. assignment drop boxes the drop boxes are where you submit your assignments on or before the due date. overdue assignments should be submitted in the late submission box next to the drop boxes, or can be submitted over the front counter. You can download an assignment cover sheet here or find one on your UsB!
the Ug Hub offers help with enrolments and study plans.

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ComPUters avaiLaBLe aroUnd tHe UniversitY
YoUr PLaCes to reLax and stUdY

most spaces in your Professions Ug Hub are open 24 hours. all you need to do is swipe your card to enter!
Cafe
Outdoor and indoor seating areas Monday to Thursday 8am6.30pm Friday 8am5pm Closed weekends & public holidays
UG Front Counter
Monday to Friday 9am5pm
Toilets
Toilets Toilets
Barr Smith Library 24 hour suite: 30 computers Rest of library: various times available
Professions Hub Foyer

Lounges, study tables and short term computers Open 24 hours
Undergraduate Student Lounge

Quiet study area with computers, study booths and lounges Swipe card access Open 24 hours
Hub Central 200+ computers Open 24 hours
Plaza (Hub Central)
STAIRS Down to Professions Hub Basement

Red, blue and green seminar rooms Quiet study area with study booths and lounges Open 24 hours
Outside seated area with data and electricty ports
LIFTS Up to Level 2 Computer Suites
Assignment Dropboxes
First Year Learning Centre (FYLC)
Professions Student Hub UG Student Lounge: 40 computers Open 24 hours First Year Learning Centre: 21 computers Mon-Fri 7am-7pm Level 2 Computer Labs: 200+ computers Mon-Fri 7am-7pm
Quiet study area with computers, study booths and lounges, just for first year Professions students Open Monday to Friday 7am7pm
Security House 233 North Terrace Basement: 64 computers Mon-Fri 8am-6pm Level 1: 20 computers Open 24 hours
Professions Student Hub
Security House
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ContaCting tHe ProFessions Ug HUB

FaCe to FaCe sUPPort

the Professions Ug Hub administrative staff can provide you with general advice and information on your program, while course specific questions can be answered by a Program adviser. to make an appointment with a Program adviser, contact the Hub via email, phone or come and see us at the front counter. office Hours: monday - Friday , 9am 5pm, including semester breaks Location: ground floor, marjoribanks Wing of neXus 10 (Corner of Pulteney and north terrace).
WeBsite
the official website of the Professions undergraduate hub. Here you will find your enrolment information, all downloads and forms and much, much more. video walk through of the undergraduate facilities:
PHone
Want to speak to someone but cant come in to the Professions Ug Hub? Phone: 8313 4755 / 8313 8131 monday to Friday 9am-5pm.
emaiL
if you cant find your answer on our website, you can email your question to ughub@adelaide.edu.au. You will receive a response from a staff member within 2 business days.
FaCeBook and tWitter

Like us on facebook and follow us on twitter to stay up to date on critical dates, events and announcements.
ProFessions HUB BLog

Updated regularly, you will find important information and event details on the Professions hub blog.
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YoUr aCademiC Progress

Prizes
if you achieve outstanding academic grades within your courses, then you may be awarded a prize which will also be recorded on your academic transcript.
aCademiC integritY
as a student of the University, it is important that you are familiar with the academic Honesty & assessment obligations Coursework student Policy, which includes issues associated with plagiarism and cheating in exams and, in turn, your responsibilities. the University has devised a list of resources to help you with your studies, such as strategies to avoid plagiarism. in the Ug Hub, you also have access to an academic integrity officer if you would like to speak to someone directly, and can make an appointment at the front counter.
ContaCt HoUrs
full time You are expected to treat full time study like a full time job. this requires 40 + hours of your time each week spent on both contact time (attending tutorials, lectures and workshops) and non-contact time (spent completing the set readings, writing assignments and revising for examinations). if you are an international student, then you must study full time as per the requirements stated on your student visa. Part time if you are a domestic student, then you can study part time without notifying the university. Part time study can be as minimal as one subject per semester. Please be aware that you must complete your commerce, economics or finance degree within 10 years.
UnsatisFaCtorY aCademiC Progress

the University monitors your academic progress so that it can assist you in the successful completion of your program. to learn more about this, review the Universitys unsatisfactory academic Progress Policy.
examinations
at the end of each semester, many courses require you to sit an exam. the official examination timetable will be available on the web towards the end of each semester. University staff are not permitted to provide examination times to you over the telephone or in response to your personal enquiries. You are strongly advised to remain in adelaide until the end of the supplementary examination period.
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YoUr exPerienCe
Your experience provides all Professions Ug Hub students with opportunities to enhance and build their own University experience through academic and social events. the programs events fall within the four key categories: Your Transition, featuring the BEE Connected Peer Mentor Program and Introduction to the FYLC) Your Studies, with events to enhance your academic skills and pathway information sessions Your World, for study abroad / tour information sessions and events such Harmony Day celebrations and Your Future, which hosts Career session, Professional Body engagement, further study sessions and such topics as surviving the first year of teaching. register for Your experience today to get the most out of your University life. video of bee members:
First Year Learning Centre

open monday to Friday 7am-7pm the first Year Learning centre is exclusively for first year students studying in the Faculty of the Professions. the space includes: FREE one on one tutors for all of the first year Professions core courses, called Study Coaches Learning Advisors who can help you with referencing, structuring different styles of assessment and more Group-work booths with laptop access on LCD screens Computers, printing
CommUniCation skiLLs gUide

download your copy of the communication skills guide or grab a hard copy from the Professions Ug Hub. it has been designed to help you when it comes to writing and presenting assessment pieces, such as writing short answer questions and how to structure various forms of assessment.
enrol in your core courses First, then select elective courses that do not clash with your core courses. alternative lecture and tutorial times can be found via the Course Planner.
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YoUr WorLd
stUdY aBroad and exCHange

so, youve made the transition to University, and now youre looking for the next challenge? How about broadening your horizons by studying an exchange semester abroad? there is so much more to your University experience than attending classes and passing exams and an exchange or study abroad experience can give you a new perspective on your world, and increase opportunities for your future. the University of adelaide has exchange agreements with some of the best universities in the world and you can study there as part of your degree! if you want to find out more about studying part of your degree overseas and you meet the eligibility requirements below ( or will soon) then attend an adelaide abroad information session. From there, you should make an appointment to see the Professions Hub student mobility officer and theyll help you get started! to be eligible for exchange you need to have: Passed at least 24 units (one year full time) of a degree here at the University of Adelaide Been enrolled as a University of Adelaide student for the last two semesters (not cross institutional) At least a credit (65%) average if you dont meet the requirements for exchange, or dont want to spend a whole semester overseas, there are other ways to give your degree that international edge. in particular you should check out the Professions study tour options. For more information, come into the Professions Undergraduate Hub and chat to the student exchange officer or email abroad.ughub@adelaide.edu.au
stUdY toUrs
Professions study tours are an excellent way to experience overseas study if a full semester exchange is not for you. study tours are short (usually 2-3 weeks) overseas study trips organised by the Faculty and accompanied by University staff, specifically tailored for Professions students. With a study tour there is no need to organise your own travel, or to seek credit approval simply apply for a place and prepare for an overseas study experience with a group of your fellow students! in 2012 there are study tours running to singapore, Chile and France keep an eye on the Professions hub study tour website for further details, future study tour offerings and application procedures. video of student testimonials:
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The Adelaide Business Students Society

The ABSS is the main student body for the University of Adelaides Business School Students. ABSS runs both professional and social events, ranging from careers nights and BBQs to end of term celebrations and the Business Students Ball. Go to our website: www.abss.org.au or like us on Facebook.
stUdent rePresentatives
student representatives are peer elected to represent all students from the Faculty of the Professions. if you have any issues or concerns, then you can contact a student representative as they play an active role in policy-making and student expectations on behalf of the student body. reps are re-elected every year around may, so get involved and vote, or become a rep yourself!
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YoUr FUtUre
gradUations
once you have confirmed your graduation application, the graduation office will notify you to view and update your graduation application details. You must confirm your preferences and follow the graduation process by the critical dates found on the graduations website.
aLUmni
adelaide onLion is a professional networking site that provides opportunities for University of adelaide alumni to connect with the University and fellow alumni within a safe and secure online environment. the main features of adelaide onLion include: Alumni Search facility Career Centre (job search, post a resume, find an employee) Perpetual Email forwarding service Exclusive Alumni Benefits and more..
WHo is eLigiBLe?
adelaide onLion is open to graduates, current and former staff and current and former students of the University.
ProFessionaL Bodies
during your studies, you may be interested in meeting professional body representatives in the Hub and at events. some of these include: aCCoUnting cPa australia chartered accounts (ca) australia FinanCe cfa australia (chartered financial analysist)
53
gLossarY & Common terms

academic transcript - Your academic transcript contains the complete record of all of the courses that you have studied and the grades that you have received at the University of adelaide. academic Year - the academic year (or academic cycle) is divided into two 12-13 week semesters, each followed by an examination period. semester 1 runs from late February to mid June, and semester 2 from late July to early november. there is a two week midsemester break in each semester. access adelaide - access adelaide is a web-based information interface for students and academic teaching staff. students use access adelaide to enrol online, change contact details, view personal information, view examination times, obtain official results and enter graduation details. advanced standing - similar to recognition of prior study or recognition of prior learning that may lead to a student being granted admission to a program at an advanced level. bachelors degree - the Bachelors degree is an undergraduate award requiring successful completion of 72-144 units of credit (depending upon the award requirements). census date - the last day a student can withdraw from a course(s) without incurring liability for student contributions or tuition fees. class - Within each course there are classes that students enrol into. these are identified by the class number. such classes could be lectures, tutorials or practicals etc. class number - Unique identifying number for individual classes (lectures and tutorials) used when enrolling in a class at a specific day, time and location. combined degree - a combined degree is an academic program that leads to the award of one University of adelaide degree that includes components from two degree programs and satisfies the minimum requirements of one but not both individual degrees. Upon graduation a single parchment will be received, awarding only the Combined degree.
the award is economical in terms of time and expense, but generally allows for little or no elective study. those who wish to complete more than one award can study two degrees concurrently, but the combined and double degree pathways do provide packages that can generally be completed in less time and with fewer courses than if the awards were being studied concurrently. see also double degree. concurrent degree - this is similar to a double degree in that the assembly entitles the graduate to two separate degrees. it differs in that the assembly is built by the student over time, first gaining entry to one of the degree programs and, at a later time, gaining entry to another program. Concurrent degrees generally have no guarantee of a particular length of time in which the award is achievable and are not nominated as double degrees with their own admission Centre code. over time some of these constructions become formalised as double degrees as institutions realise that many students wish to take those particular pathways. core course - Compulsory courses which must be passed in order for the student to graduate from a program of study. co-requisite - a course that must be studied in the same semester as another, usually related or dependent, course. credit for previous study - in some cases students may receive credit for previous tertiary study (also referred to as advanced standing/status/exemptions) on the basis of studies successfully completed at another institution. this is particularly the case with studies taken at other universities, but some taFe studies are also accepted for credit towards university programs. degree - a degree is any of a wide range of university programs, including Bachelor, Honours, masters and other awards, also called a program. discipline - discipline is a term used interchangeably with area of study.
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double degree - this term is often used loosely to describe the assembling of two different degrees. the arrangement provides for broad career options and great depth, however some students undertaking these degrees may not be able to select all the courses they want to do due to timetable restrictions. However, they may extend the length of their program to capture their preferred courses. the sataC guide makes it clear which stream leads to a combined award and which to a double, using stream codes. see also Combined degree. faculty - the University is sectioned into principal academic divisions in which teaching and research are conducted and are called faculties. there are five academic faculties that make up the University of adelaide. grade Point average (gPa) - Your gPa is the average of the grades obtained in all courses, weighted by the unit value of each course. if you are enrolled in more than one program, you will have a Program gPa for each, calculated using the final grades for the courses associated with each program. honours degree - obtaining an honours award involves an additional full-time year of study (or equivalent) following completion of a Bachelor program, or additional study with a research element included in the final year (or years) of a Bachelor program. Lecture - a lecture is an oral and audio-visual presentation, usually given by a subject matter expert (the lecturer), intended to convey critical information, history, background, theories and equations to a group of people about a particular subject area relevant to a course of study. Lectures run from 50 minutes up to two hours in length and can contain anywhere from 2-200 people. students are expected to listen carefully and take notes with little guidance from the lecturer in identifying what should be recorded. Lecturer - Lecturers are instructors or presenters that deliver information to groups of students in a lecture or seminar setting. they are similar to tutors, as most lecturers also teach.
major - a major is a part of an academic program consisting of a set of defined courses, from a recognised discipline area and, if appropriate, supporting courses from other discipline areas, which form a significant part of an academic program. students select and transfer between majors according to their selection of units of study. one or more majors may be prescribed in order to satisfy course requirements. myuni - myuni is a personalised online space for students. it delivers information and services directly through a central location, while also allowing users to customise certain information. students are able to access details such as examination seat numbers, results, timetables and enrolment variations. Parchment - a parchment is the official certification of a students completion of a degree, diploma or certificate. it contains the signatures of the Chancellor and vice-Chancellor, and bears the official seal of the University. Plan (or academic plan; study plan) - each program must have at least one defined plan. a plan defines each of the specialisations/streams which might be available in a degree/diploma. as a result of this specialisation, you are required to complete a number of core courses and may have some choice of non-core courses (or electives). as you move through each semester of study, the plan should indicate the units that you have completed, the courses that you are currently studying, and those you are still yet to complete for your selected majors, sub-majors or minors. Plans are also used when applying for exchange study or credit for previous study to demonstrate how a specific course or unit of study fits into a prescribed plan of study. Postgraduate - Postgraduate students have completed an undergraduate qualification such as a Bachelors degree and are continuing their studies by completing an award such as a graduate Certificate, graduate diploma, masters degree, Phd or doctorate.
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Program - Program is the award you are working towards. it is made up of courses, each of which are attributed a unit value. to earn your award, you need to have successfully completed a certain number of study units. the way these are put together for your award is called your program. see also degree. school - Faculties are divided into schools, which are defined by disciplines. For example, the Faculty of the Professions has five schools. Business, economics, education, architecture and Law. transition - movement or change from one state to another. For example, the transition from school to university, or from first year to second year, or undergraduate to postgraduate. true double degree - to be accurate, a double degree is such an assembly that has been identified by the institution as being an approved combination, one that can be done within a certain number of years of full-time study, given the timetabling limitations of the institution. in this process, cross credit is awarded between the degrees for subjects undertaken in each. this enables the student to complete their studies with less expense than would be necessary if they were to undertake a Concurrent degree. the assembly entitles the graduate to the award of two separate degrees. undergraduate - a student studying a foundation University program, such as a Bachelors degree. students who go on to do Honours are classified as graduate students, having completed an undergraduate program. unified - unified is the student portal that allows you access access adelaide, myUni and your student email all with a single log in. units - each course is given a unit value and each program requires the accumulation of a total number of units according to the degree pattern.
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Undergraduate Commerce, Economics and Finance 2012 Handbook

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Undergraduate Commerce, Economics and Finance 2012 Handbook

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Professions

Student Support hub

UndergradUate CommerCe, eConomiCs & FinanCe

undergraduate commerce, economics & finance

2 student handbook 2012

4 student handbook 2012

CongratULations on BeComing a stUdent at tHe UniversitY oF adeLaide

6 student handbook 2012

YoUr degree Program BaCHeLor oF CommerCe

WHat are tHe Five areas oF sPeCiaLisation?

Can mY PatHWaY(s) Be reCognised on mY degree transCriPt?

HoW do i BUiLd mY PatHWaY(s)?

WHat Can i exPeCt in mY First Year?

Can i ComPLete tWo PatHWaYs?

WHat does mY stUdY PLan Look Like?

WHat is tHe dUration oF tHe Program?

8 student handbook 2012

business & economics statistics elective i

principles of Macroeconomics I principles of Microeconomics I Business & Economics Statistics

corPorate finance Pathway

international business Pathway

elective I elective I elective I elective I elective I elective I elective I elective I

principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I

10 student handbook 2012

principles of Macroeconomics I principles of Microeconomics I Business & Economics Statistics

elective III elective III elective III

WHat is tHe aCCoUnting PatHWaY?

WHat ProFessionaL Bodies maY i Join?

WHat Career oPPortUnities are tHere?

WHat are tHe extra rULes?

12 student handbook 2012

CorPorate FinanCe PatHWaY

elective III elective III elective III

WHat is tHe CorPorate FinanCe PatHWaY?

WHat ProFessionaL Bodies maY i Join?

WHat Career oPPortUnities are tHere?

14 student handbook 2012

internationaL BUsiness PatHWaY

elective III elective III elective III

WHat is tHe internationaL BUsiness PatHWaY?

WHat are tHe extra rULes?

WHat Career oPPortUnities are tHere?

WHere Can i Find tHe aPProved CULtUraL CoUrses?

WHY sHoULd i go on exCHange?

HoW do i organise an exCHange semester?

16 student handbook 2012

elective III elective III elective III

WHat is tHe management PatHWaY?

WHat ProFessionaL Bodies maY i Join?

WHat Career oPPortUnities are tHere?

WHat are tHe extra rULes?

18 student handbook 2012

principles of Macroeconomics I principles of Microeconomics I Business & Economic Statistics I

elective III elective III elective III

WHat is tHe marketing PatHWaY?

WHat ProFessionaL Bodies maY i Join?

WHat Career oPPortUnities are tHere?

20 student handbook 2012

otHer FoCUs areas

doUBLe & ConCUrrent degrees

22 student handbook 2012

BaCHeLor oF FinanCe and BaCHeLor oF FinanCe (internationaL)

WHat is tHe BaCHeLor oF FinanCe?

WHat ProFessionaL Bodies Can i Join?