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Bachelor of Economics

Bachelor

Economics explores how people and societies make decisions, use important resources, and respond to incentives. Studying with us, you can follow your passion and shape the world. You'll learn to solve economic and financial challenges faced by industry, government, and society.

Key details

Degree Type

Bachelor

Duration

3 - 7 years full-time

Course Code

B3B, 002342F

Study Mode

In person

Intake Months

Feb, Jul

International Fees

$33,950 per year / $105,456 total

About this course

Our applied Economics program focuses on current issues in Tasmania and beyond. Your studies will explore a range of topics such as international trade, conservation and management of natural resources, sustainable energy, contemporary business strategy as well as social issues such as crime, housing, and health. You'll also develop a deep understanding of how decisions are made by individuals, firms, and governments.

Entry requirements

We encourage you to apply for the courses you most want to study. If you are not eligible to enter your chosen course right now, the UTAS admissions team will work with you to find the best pathway option.

Enquire online for advice on the application process and the available pathways to study at UTAS.

Domestic applicants who recently completed secondary education (in the past two years)

This course uses ATAR and equivalent ranks as part of the admission process. The lowest ATAR to receive an offer may change from year to year based on the number of applications we receive. In 2023, the lowest ATAR to receive an offer into this course was 65.35.

Applicants who have recently completed senior secondary studies but have not received an ATAR may still be eligible for admission. We will consider your individual subject results on a case-by-case basis when we assess your application.

Domestic applicants with higher education study

To be eligible for an offer, you must have:

Partially completed an undergraduate course at Diploma level or higher (or equivalent). You must have completed at least two units of study (equivalent to 25 UTAS credit points) at 100 level or higher and which may include 100 level units completed in the UTAS Diploma of University Studies. If you have failed any units, your application may be subject to further review before an offer is made; OR
Completed the UTAS University Preparation Program (or an equivalent qualification offered by an Australian University).

Domestic applicants with VET / TAFE study

To be eligible for an offer, you must have completed a completed Certificate IV or higher (or equivalent) in any discipline.

Domestic applicants with work and life experience

Applicants without senior secondary, tertiary or VET / TAFE study can complete a personal competency statement.

Applicants may be eligible for an offer if they have relevant work and / or life experiences which demonstrate a capacity to succeed in this course.

All international students will need to meet the minimum English Language Requirements, University General Entry Requirements and any course specific requirements such as pre-requisite subjects, if applicable.

English Language Requirements
This degree requires an IELTS (Academic) of 6.0, with no individual band less than 5.5, or a PTE Academic score of 50, with no score lower than 42 or equivalent.

For students who do not meet the English Language Requirement through citizenship or prior studies in English in an approved country, evidence of an approved English language test completed within the last 2 years must be provided. See the English Language Requirements page for more information.

General Entry Requirements
Admission to undergraduate courses at the University of Tasmania requires the completion of qualifications equivalent to a 12th year of education in Australia.

Please review the equivalent undergraduate entry requirements to see the minimum requirement relevant to your country. The ATAR information for this course is located in the "For Domestic Students" section of the entry requirements on this page.

You can also meet the General Entry Requirement for this course with the following qualifications or prior studies:

Completion of an equivalent AQF Certificate IV or above
Complete or incomplete (minimum 25 credit points) of previous tertiary study at Diploma level or higher.

If you do not meet the minimum requirements, we offer the Foundation Studies Program and X1B International First Year Diploma (Business).

Course Specific Requirements
This course does not have any course specific requirements.

Study locations

Hobart

What you will learn

1 Collect, analyse and interpret data combined with the application of a broad theoretical and practical knowledge of economics to make evidence-based decisions.

2 Communicate economic reasoning, knowledge, ideas and empirical evidence in ways appropriate to the audience, purpose and context.

3 Critically evaluate economic problems and assess policy issues, using a broad range of economic tools.

4 Collaboratively interact with peers to reflect on ethical issues and the potential differential impacts of economic policies across local, national or international economies.

Career pathways

Economics graduates work in a range of occupations and industries. They are highly sought after by employers who value economic literacy and analytical skills. You'll gain job-specific skills in your major area of study, so you're ready to enter the workforce in a wide variety of careers. These include international development, health, environment, business, banking, finance, public policy, inter-governmental affairs, and diplomacy.

Here are some of the careers projected to grow into 2026*:

Intelligence and Policy Analysts: 8.7%
Research and Development Managers: 23.8%
Monetary and Banking Managers: 11.7%

*Labour Market Insights five year projections from November 2021 to November 2026.

Postgraduate study

If you successfully complete this course, you may be also be eligible to apply for a range of other postgraduate courses including Graduate Certificates and Graduate Diplomas and Masters by coursework and research.

Course structure

To graduate from the Bachelor of Economics, you must satisfactorily complete 300 credit points of study comprising:

A minimum of 100 credit points of core units from the list in the Schedule;
At least one approved 100 credit point major from the list in the Schedule; and
An additional 100 credit points of study.

The additional 100 credit points can be used to complete a (i) *second disciplinary major, (ii) a sustainability major, or (iii) *another major from across the institution (*to enrol in a second disciplinary major, or a major outside your discipline, please contact a Student Advisor via Uconnect).

A major is an area of focus in your degree. During your studies, you'll choose an area that interests you, and then study a group of units related to that area.

Credit for prior study or work

You may be eligible for advanced standing (i.e. credit) in this degree if you:

Have completed an award such as a Diploma or Advanced Diploma from the University or another institution;
Are currently studying another Bachelor degree at the University or at another institution;
Have completed a Bachelor degree at the University or an equivalent award from another institution.

How to apply for credit

You can apply for a credit/advanced standing as part of the online application process.

Graduate outcomes

Graduate satisfaction and employment outcomes for Business & Management courses at University of Tasmania.

72.4%

Overall satisfaction

77.3%

Skill scale

56.6%

Teaching scale

71.3%

Employed full-time

$58k

Average salary

Data source