University of Sydney Handbooks - 2017 Archive

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Economics is a diverse, fascinating discipline that studies a wide range of issues that shape the broad framework of society – political, social and commercial. The School of Economics has a proud history as one of the most highly ranked centres in economics. This is reflected in our degrees, which promote a deep understanding of the key concepts of economics with a focus on contemporary issues of Australian and international importance. Our graduates are leaders in their fields – at the Reserve Bank, Treasury and other government departments, in global financial institutions, in business, and with international agencies and NGOs. They also go on to further study at some of the finest institutions in the world.

The objective of the major in Economics is to equip students for the diverse range of careers which value the key skills of the discipline - understanding economic and social phenomena, analysing economic data, and exploring alternative choices in addressing key challenges. The major builds the training in economics incrementally. It addresses the essentials of the discipline early in the degree, which opens a wide range of choice at senior level. This allows students to shape concentrations in areas of interest – macroeconomics, or in areas of applied economic policy.

For the award of a major in Economics students complete:

(i) four junior prerequisite units of study (24 credit points), as follows:

  • ECMT1010 Introduction to Economic Statistics (or BUSS1020 Quantitative Business Analysis#)
  • ECMT1020 Introduction to Econometrics
  • ECON1001 Introductory Microeconomics
  • ECON1002 Introductory Macroeconomics

(ii) two compulsory senior units of study (12 credit points), as follows:

  • ECOS2001 Intermediate Microeconomics; OR ECOS2901 Intermediate Microeconomics Honours
  • ECOS2002 Intermediate Macroeconomics; OR ECOS2902 Intermediate Macroeconomics Honours##

(iii) a minimum of four senior elective units of study (24 credit points) selected from the following options, with at least three at 3000-level (18 credit points):

  • ECOS2004 Money and Banking
  • ECOS2025 East Asian Economies
  • ECOS2201 Economics of Competition and Strategy
  • ECOS2307 The European Economy*
  • ECOS2903 Mathematical Economics A
  • ECOS3002 Development Economics
  • ECOS3003 Hierarchies, Incentives and Firm Structure
  • ECOS3004 History of Economic Thought
  • ECOS3005 Industrial Organisation
  • ECOS3006 International Trade
  • ECOS3007 International Macroeconomics
  • ECOS3008 Labour Economics
  • ECOS3010 Monetary Economics
  • ECOS3011 Public Finance
  • ECOS3012 Strategic Behaviour
  • ECOS3013 Environmental Economics
  • ECOS3015 Law and Economics
  • ECOS3016 Experimental and Behavioural Economics
  • ECOS3017 Health Economics
  • ECOS3018 Economics of Growth*
  • ECOS3019 Capital and Dynamics*
  • ECOS3020 Special Topic in Economics
  • ECOS3021 Business Cycles and Asset Markets
  • ECOS3022 The Economics of Financial Markets
  • ECOS3023 Personnel Economics
  • ECOS3024 Economic History
  • ECOS3025 The Economics of Regulation
  • ECOS3026 Economics of Crime
  • ECOS3027 Economics of the Family
  • ECOS3901 Advanced Microeconomics Honours
  • ECOS3902 Advanced Macroeconomics Honours
  • ECOS3903 Applied Microeconometrics
  • ECOS3904 Applied Macroeconometrics

* Unit not offered in 2017

# BUSS1020 is a core unit for the Bachelor of Commerce and related degrees and substitutes for the junior prerequisite unit ECMT1010 for students enrolled in those courses.

Any senior unit can only be counted toward one major (be it the Economics, Econometrics, Financial Economics, Agricultural Economics or Environmental and Resource Economics major).

## Where students are completing both an Economics and a Financial Economics major, an additional senior elective (ECOS2000 or ECOS3000 level) should be completed for one of the majors, as Economics and Financial Economics both require the compulsory unit ECOS2002/ECOS2902. Both majors must include 36 senior credit points without counting a senior unit ie ECOS2002 towards two separate majors.

Please note, ECOS3901, ECOS3902, ECOS3903 and ECOS3904 require the completion of additional prerequisites/corequisites outside of those prerequisite units of study listed for this major.

Please check Table A for details of the unit prerequisites, corequisites and other requirements.


The School of Economics has a challenging and rewarding honours program. It provides our students with considerable experience in undertaking research, in developing their writing skills and in structuring arguments. Preparation for the final honours year in Economics at the University of Sydney begins in the second year of the undergraduate degree, with dedicated honours program units in both the second and third year. Entry into the Economics honours program is also possible in the third and fourth years, but the entry criteria are higher for students who take this pathway than for students who begin in their second year. Students entering in later years will also need to complete some units from the second and third years of the honours program.

University of Sydney students who begin and/or complete their three year degree mid-year can also enter the honours program and, at the end of their three year degree, can progress straight into their final honours year in second semester. To be eligible these students must have completed the required units in the honours pathway by the start of the same calendar year, and must attend the thesis class throughout that calendar year. This requires accelerated progression through the second and third year honours program.

For details please see

The minimum requirement for entry into Honours is an average of 70 percent or above and a major in the intended subject area.

Contact/further information

School of Economics
Room 370, Merewether H04