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Undergraduate

Professional Economics

Professional Economics provides you with a concentrated program of study in economics and is ideal for anyone planning a career as an economic analyst or forecaster.
3
Years Full Time
Course Details Careers & further study Fees & Scholarships Admission requirements How to apply Contact us
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Careers and further study

This course opens up a world of future study pathways and career options.

Career Pathways

Employment prospects for economists are strong, and graduates can pursue careers as specialist economists in government and business, or as economic consultants, economic analysts and policy advisers. Graduates have found employment in the Australian and State Treasuries, the Australian Reserve Bank, as well as in economic consultancies and major companies.
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Career Pathways

Employment prospects for economists are strong, and graduates can pursue careers as specialist economists in government and business, or as economic consultants, economic analysts and policy advisers. Graduates have found employment in the Australian and State Treasuries, the Australian Reserve Bank, as well as in economic consultancies and major companies.

Further Study

Students can pursue further studies at honours level or undertake a specialist master’s degree such as the Master of Economics. They can also choose to complete a generalist master’s degree such as the Master of Commerce or (after appropriate work experience) the Master of Business Administration.
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Further Study

Students can pursue further studies at honours level or undertake a specialist master’s degree such as the Master of Economics. They can also choose to complete a generalist master’s degree such as the Master of Commerce or (after appropriate work experience) the Master of Business Administration.
This course could lead to these

Career Opportunities

Alt content Academic Alt content Analyst Alt content Business Administration Manager Alt content Chief Executive
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This course could lead to these

Career Opportunities

Academic

Conduct research and teach university students in an area of specialisation.

Analyst

Use your skills to define software requirements, identify specifications and guide program design and development.

Business Administration Manager

Design and direct corporate, financial, human resource, policy, planning, research and development programs and guidelines within organisations.

Chief Executive

Create, direct and review the programs and operations of organisations, represent constituencies in parliaments and local government authorities.

Corporate Treasurer

Manage corporate funding, liquidity and financial risk associated with the profitable development and operation of an organisation.

Economist

Use your skills to examine spending behaviour, production and distribution of goods, and apply relevant theories to forecast an organisation's economic situation

Financial Broker

Trade commodities and arrange insurance and loans of money on behalf of clients as an independent agent.

Financial Dealer

Conduct financial market transactions on behalf of clients and offer advice on financial matters.

Foreign Affairs and Trade Officer

Develop the policy and operational aspects of Australia's foreign policy and trade interests.

Intelligence Analyst

Collect and analyse data to produce intelligence reports and develop and analyse government and commercial policies for design, implementation and modification.

Management Consultant

Examine organisational structures, methods, systems and procedures to solve organisational problems and streamline efficiency.

Policy and Planning Manager

Direct development of policy advice and strategic planning within government agencies, community not-for-profit organisations or companies.

Program or Project Manager

Coordinate programs, special projects and support services, including management of staff and resources to ensure project completion is on time and within budget.
Postgraduate study at UWA

Master of Economics

Master of Economics

Be at the forefront of economic research and decision making in the government or private sectors.

Fees and scholarships

Learn more about the fees that apply to you for this course. For fee type definitions and further assistance, see the Fee Calculator Help page. You can also search our database for scholarships that are relevant to you or this course

Scholarships

Scholarships are available to students from a diverse range of backgrounds, including academic achievement, financial need, educational disadvantage, leadership and community service, artistic or sporting achievements, and being from a rural or remote area.

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Cost of living

There are a few things to consider before applying to study at university. One could be your cost of living. This can depend on factors such as lifestyle, accommodation, tuition fees, medical insurance, textbooks and more. For an indication of expenses and average costs, see our Cost of living page.

Cost of living

Scholarships

Scholarships are available to students from a diverse range of backgrounds, including academic achievement, financial need, educational disadvantage, leadership and community service, artistic or sporting achievements, and being from a rural or remote area.

Search Scholarships

Cost of living

There are a few things to consider before applying to study at university. One could be your cost of living. This can depend on factors such as lifestyle, accommodation, tuition fees, medical insurance, textbooks and more. For an indication of expenses and average costs, see our Cost of living page.

Cost of living

Admission requirements

The University of Western Australia welcomes applications from international and domestic school-leavers, mature-age applicants and those with previous tertiary study. If you’re interested in studying this major, find out the admission details below.

Minimum entry requirements

Minimum entry requirements

Below you’ll find a list of admission equivalencies for this course's Australian Tertiary Admissions Rank (ATAR).

International Baccalaureate
  • 27
Singapore-Cambridge A-Levels
  • 8
UWA Foundation Programme (UWAFP)
  • 66
Western Australian Universities Foundation Program (WAUFP)
  • 60
Monash University Foundation Year (MUFY)
  • 270
Trinity College Foundation Program
  • 75
Western Australian Certificate of Education (WACE) 2016 onwards
  • 80
Korean College Scholastic Ability Test (CSAT)
  • 320
Below you’ll find a list of admission equivalencies for this course's Australian Tertiary Admissions Rank (ATAR).
International Baccalaureate
  • 27
Singapore-Cambridge A-Levels
  • 8
UWA Foundation Programme (UWAFP)
  • 66
Western Australian Universities Foundation Program (WAUFP)
  • 60
Monash University Foundation Year (MUFY)
  • 270
Trinity College Foundation Program
  • 75
Western Australian Certificate of Education (WACE) 2016 onwards
  • 80
Korean College Scholastic Ability Test (CSAT)
  • 320
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Admission requirements

For applicants with recent secondary education, information on admission criteria is available on our entry standards page.

Admission requirements

Bachelor of Economics

Maths requirement

Prerequisite subjects: Mathematics Applications ATAR with a Mathematics unit completed in your first year.

Recommended subjects: Mathematics Methods ATAR.

Bachelor of Economics

Maths requirement

ADMISSION REQUIREMENT

English competency

English is the language of instruction and assessment at UWA and you will need to meet the English language requirements of the University to be eligible for a place.
ADMISSION REQUIREMENT

English competency

How to apply

Ready to apply for this course? Follow the steps and you’ll be on your way to joining us at UWA.

Course details

Economics is at the forefront of public policy and issues such as economic growth, the stability of the economy, regulating financial institutions, resource taxation, financing education and income planning. Through this major you'll learn how complex economic developments can be understood in terms of a set of simple but fundamental principles.

About the course

The Professional Economics major is designed for students seeking to become professional economists and pursue careers as specialist economists in government and business, economic consultants, economic analysts and policy advisers.
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About the course

The Professional Economics major is designed for students seeking to become professional economists and pursue careers as specialist economists in government and business, economic consultants, economic analysts and policy advisers.

Through this major you’ll learn how apparently complex economic developments can be understood in terms of a set of simple but fundamental principles, such as the theory of choice. This economic approach can be applied to understanding topics as diverse as the economics of climate change, the valuation of currencies and other assets, the fairness of international trade, and the costs and benefits of different economic policies.

This extended major provides you with the depth of knowledge and skills required to become a professional economist or pursue economic studies at PhD level. You’ll study microeconomic and macroeconomic frameworks to analyse economic problems, and produce and communicate economic research for fellow economists, business professionals and policymakers. You’ll also develop the capacity to analyse economic issues pertaining to domestic and world economies.

Economics is at the forefront of public policy issues such as economic growth, the stability of the economy, regulating financial institutions, resource taxation, financing education and retirement income planning. Our teachers and researchers come from many countries, were trained in some of the best universities in the world and are known internationally for the quality of their work.


Professional Economics

Quick details

Status
  • Available
Locations
  • Albany (Regional campus)
  • Perth (Crawley campus)
Attendance
  • Full-time
  • Part-time
Delivery
  • On-campus
Starting dates
  • Semester 1, Semester 2
Weekly contact time
  • 12-15 contact hours, plus at least twice as much of your own study time
Level of study
  • Undergraduate
Course Code
  • MJD-ECNPF
CRICOS code
  • 068916E
  • 102875M
View full details
Professional Economics

Quick details

Status
  • Available
Locations
  • Albany (Regional campus)
  • Perth (Crawley campus)
Attendance
  • Full-time
  • Part-time
Delivery
  • On-campus
Starting dates
  • Semester 1, Semester 2
Weekly contact time
  • 12-15 contact hours, plus at least twice as much of your own study time
Level of study
  • Undergraduate
Course Code
  • MJD-ECNPF
CRICOS code
  • 068916E
  • 102875M
Full time/part time duration
  • 3 years (BCom); 4 years (BPhil [Hons])
TISC Codes
  • UWCOM
Degrees course is available in
  • Bachelor of Economics
  • Bachelor of Philosophy (Honours)

Dominic White

Dominic White
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Dominic White

Dominic White

The facilities at UWA are excellent and the staff – both teachers and administration – have always been easy to approach and kind. The Business School has been outstanding for advertising and offering internship and graduate roles and showing me what directions my career could take.

I enjoy Economics because it will always be applicable and it has a range of avenues to study and explore. The most valuable thing I have gained from the course is the application of the theories I learnt in the real world. 

The most valuable thing I have gained from this major is the application of the theories I learnt to the real world. I enjoy economics because it will always be applicable and has a range of avenues to study and explore.

 

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Course Structure

Our undergraduate degrees offer you a broad range of options allowing you to combine subjects in a way that matches your career goals and personal interests.

Course structure details

Students who commenced Professional Economics under the Bachelor of Commerce prior to 2021:
You may follow the structure listed in the 2020 handbook
If you wish to complete your major following the new structure below, please contact your Student Advising Office for advice.
Level 1

Core

Take all units (24 points):

Bridging

Students who have not achieved a scaled mark of at least 50 in Mathematics Methods ATAR or equivalent or higher are required to complete ECON1111.
Level 2

Core

Take all units (24 points):

Option

Take unit(s) to the value of 6 points:
Level 3

Core

Take all units (18 points):

Option - Group A

Take unit(s) to the value of 6 points:

Option - Group B

Take unit(s) to the value of 12 points:
Course structure details
ECONOMICS

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Put theory into practice

Current UWA students are eligible to take one of our professional experience units. These units bridge the gap between university and the workplace by providing opportunities to gain hands-on, practical experience. You can master new skills, make connections and network, get a taste of the opportunities in the workforce and add experience to your resume, all before graduating.

Find out more about Work Integrated Learning.

Put theory into practice

PROFESSIONAL ECONOMICS

Outcomes

Students will learn to:

  • Employ the framework of micro and macro economics to rationally analyse general economic problems and arrive at analytically sound conclusions
  • Interpret and undertake quantitative economic research
  • Identify and critically reflect on landmark events in Australia's economic history and in the rise of the global economy
  • Undertake specific economic research that critically evaluates theoretical and/or applied issues in the area of economics
  • Communicate the results of economic research to fellow economists as well as to a range of potential stakeholders including other business professionals, policymakers in government and the public at large
  • Achieve the preceding objectives irrespective of whether they are working as an individual analyst or as a member of a team of professionals
  • Demonstrate an awareness of, and sensitivity to, the personal, social, ethnic and/or international backgrounds of other team members as well as stakeholders
PROFESSIONAL ECONOMICS

Outcomes

Your degree options

This major is only available within the Bachelor of Economics or Bachelor of Philosophy (Honours) degrees. This major is an extended major which means you undertake more units in this area.
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The UWA Business School is accredited through both EQUIS, the European Quality Improvement System, and AACSB, the Association to Advance Collegiate Schools of Business. These are the leading business school accreditations in Europe and North America respectively, meaning that your business degree will be recognised by employers around the world.

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