2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics

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2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
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ANU College of
Business &
Economics
2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
We develop
leaders who
transform
business, society
and economies

Sebastian Robertson
Bachelor of Commerce/Economics 2009
Social entrepreneur Sebastian Robertson is the founder
and chairman of batyr, an organisation which aims to deliver
innovative peer-to-peer programs that engage, educate and
empower young people to address youth issues.

          Photo: | Cover photo: Australian National University
2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
Join us at ANU					 4
                                    World-class education				 6

                         CONTENTS   Employability					 8
                                    Graduate outcomes				10
                                    Global learning					12
                                       Bachelor of Accounting			             14
                                       Bachelor of Actuarial Studies		       15
                                       Bachelor of Business Administration		 16
                                       Bachelor of Commerce			               17
                                       Bachelor of Economics			              26
                                       Bachelor of Finance				               27
                                       Bachelor of Finance, Economics
                                       and Statistics (Honours)			           30
                                       Bachelor of International Business		  31
                                       Bachelor of Social Sciences (Honours
                                       in Actuarial Studies and Economics)		 32
                                       Bachelor of Statistics			             33
                                    Student life					38
                                    Support for success				40
                                    Accommodation				42
                                    How to apply					44

Photo: Holly Treadaway                                               2019 Undergraduate Guide   3
2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
J O I N U S AT A N U

Australia’s
                                                                                                                                                             International outlook                           Top 25 student cities
                                                                                                                                                            Ranked 1st in Australia and                   Canberra ranks among the top
                                                                                                                                                                10th in the world3                        25 student cities in the world4

finest
For over 70 years, the Australian National University (ANU) has worked to realise the ambitions of its visionary
                                                                                                                                   Ranked #1 in Australia for
                                                                                                                                   business and economics5
                                                                                                                                                                                        6 Nobel Laureates
                                                                                                                                                                                      The highest number of all
                                                                                                                                                                                       Australian universities
                                                                                                                                                                                                                                       World’s best city
                                                                                                                                                                                                                               Canberra ranked the world’s most
                                                                                                                                                                                                                                liveable city two years in a row6

founders to become Australia’s finest research institution.
                                                                                                                                 “Well above” world standard                              ANU is ranked #1 in                            Guaranteed
We now invite you to join our community of world-leading academics, alumni and students who make us
                                                                                                                               95% of ANU research is rated “above”                       Australia and #20 in                         accommodation
Australia’s #1 university, and #20 in the world.1                                                                                                                                             the world1                                 on campus
                                                                                                                                 or “well above” world standard7
Our mission is to provide Australia with intellectual leadership on critical issues. Our influence in global research
and teaching has made us Australia’s most international university, and our dedication to our students has
made them Australia’s most employable graduates.2

We are committed to excellence in our education, our student cohort, and student outcomes and experience.

You are committed to better outcomes for your community, the environment, our nation and the world.                                              Home to 12 national institutions                            More than just the capital city
                                                                                                                                        including the Australian Parliament, the High Court of           Home to national festivals like the National
Embrace your global citizenship in our inclusive, open and respectful community. Learn from research as it                                  Australia, and the National Library of Australia              Multicultural Festival, with plenty of other
happens, create in our state-of-the-art facilities, unlock your future and change the world.                                                                                                             community events on throughout the year

                                                                                                                        1 QS   World University Rankings 2018
                                                                                                                        2 Global   Employability Ranking 2017
                                                                                                                        3 Times    Higher Education International Outlook Indicator 2015/2016
                                                                                                                        4 QS   Best Student Cities 2017
                                                                                                                        5 Times    Higher Education World University Rankings 2017/2018 by subject
                                                                                                                        6 OECD     Better Life Index 2014
                                                                                                                        7 Excellence   in Research for Australia 2015

4   ANU College of Business & Economics   Photo: Australian National University                                                                                                                                                             2019 Undergraduate Guide   5
2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
Connect
W O R L D - C L A S S E D U C AT I O N

                                              to a global network of researchers and industry

                                              Impact
                                              society at large

                                              Inspire
                                              the changes you want to see in the world ...

                                              at the ANU College of
                                              Business and Economics
                                              We are proud to be part of the Australian National University, which is the
                                              nation’s finest university. Our unique mission, as the national university, is to
                                              address major issues of national and international importance through our
                                              research and teaching. We take that mission very seriously.

                                              Our focus, within the College of Business and Economics (CBE), is on
                                              developing leaders who transform business, society and economies.

                                              The strength of our international reputation attracts exceptional students from
                                              Australia, the wider Asia–Pacific region­and beyond. We offer every student
                                              the opportunity to develop their strengths and the space to decide how they
                                              will make their future mark in the world.

                                              Our undergraduate degree programs cover a wide spectrum of subject areas
                                              within business and economics. Students have great flexibility in their study
                                              options, and can study most of our degrees as part of a combined program
                                              with other degrees, either within the college or elsewhere at ANU.

                                              Supported by a dynamic team of academic and professional staff, students
                                              are offered a full suite of engaged learning opportunities to increase their
                                              employability and globalise their education experience.

                                              Through their studies, our graduates gain the knowledge and skills to lead
                                              organisations, develop public policy, create new companies and undertake
                                              research. Our alumni can be found in the world’s leading companies, policy
                                              agencies and universities.

6    ANU
Photo: HollyCollege of Business & Economics
             Treadaway                                                                                      2019 Undergraduate Guide   7
2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
E M P L O YA B I L I T Y
                                                                                                                                   Your student journey

Real world
skills                                                                                                                                We prepare you from day one
                                                                                                                                      ANU offers a range of services to ensure our
                                                                                                                                      students succeed at university.
                                                                                                                                      »» Academic workshops
                                                                                                                                      »» Program advice sessions

Across the world, demand for business and economic                                                                                    »» Student networking events
                                                                                                                                      »» Orientation program Set4ANU                                     Real-life skills
graduates is escalating in industry, business and                                                                                     »» Student clubs and societies
                                                                                                                                                                                                         Our programs offer real-world experience through
                                                                                                                                      anu.edu.au/study/student-experience                                innovative course design, and award-winning
government.                                                                                                                                                                                              internship and professional development programs.
                                                                                                                                                                                                          »»   CBE Internship Program

Studying at CBE will provide you with skills and attributes that                                                                     World of opportunities                                               »»
                                                                                                                                                                                                          »»
                                                                                                                                                                                                               Australian National Internships Program
                                                                                                                                                                                                               CBE Special Industry Project
                                                                                                                                     Study overseas as part of your degree.
will remain relevant and keep you competitive in the evolving job                                                                    Form a global network
                                                                                                                                                                                                          »»
                                                                                                                                                                                                          »»
                                                                                                                                                                                                               MomentuM Professional Development
                                                                                                                                                                                                               Student Managed Fund
                                                                                                                                     and expand your career options.
market.                                                                                                                              »» CBE Global Business Immersion
                                                                                                                                        course
                                                                                                                                     »» ANU exchange program
                                             Take an internship with the award-winning CBE Internship Program.                       »» IARU Global Summer Program
                                                                                                                                     »» PRIMO First Year Learning Abroad Programs
                                             The internship program gives students an opportunity to undertake
                                             an internship in either Semester 1 or Semester 2 as an elective for
    CBE                 I N T ER N S H I P
                        PR O G R A M
                                             course credit. Each internship is project-based with deliverables
                                             set out in an agreement between the intern, workplace supervisor
                                             and academic supervisor.
                                             cbe.anu.edu.au/study/internship

                                                                                                                                                                                                         Job ready
Examples of CBE Internship Program host organisations                                                                                                                                                    Embrace opportunities to expand your professional
                                                                                                                                                                                                         skills and become job ready.
Optus                                         Invest Canberra                           Innovate Canberra                                                                                                 »» Industry networking events
                                                                                                                                                                                                          »» Career fairs
PwC                                           Royal Australian Mint                     Pharmacy Guild of Australia                   Community of business leaders                                       »» Recruiter in Residence
National Australia Bank                       Embassy of Mexico                         Transport Canberra                            Our graduates are lifelong members of our alumni                    »» Career consultations
Australian Chamber of Commerce &              National Disability Insurance Agency      Conservation Council ACT                      community stretching across the globe.                              »» Job listings
Industry                                      Australian Research Alliance for          UnitingCare Australia
                                                                                                                                      »» We have over 22,000 alumni
BAE Systems                                   Children and Youth                                                                      »» Our alumni work and live in 90+ countries
                                                                                        ACT China Business Council                    »» Our graduates are ranked as most employable in
Canberra Business Chamber                     Australian Institute of Health and
                                              Welfare
                                                                                        *Internship hosts can change each intake
                                                                                        based on business requirements and
                                                                                                                                         Australia*                                                     anu.edu.au/students
Cushman & Wakefield                                                                     availability of internship projects.          * Global University Employability Ranking 2017

                                                                                                                                   Photo 1: Australian National University | Photo 2: Holly Treadaway
8   ANU College of Business & Economics                                                                                            Photo 3: Australian National University | Photo 4: Holly Treadaway                                   2019 Undergraduate Guide   9
2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
G R A D U AT E O U T C O M E S
                                                                                                                                                                                                                            Average income
                                                                                                                                                                        Ranked 1st                                          for CBE graduates with an
                                                                                                                                                                        in Australia and                                    undergraduate degree
                                                                                                                                                                        21st in the world                                   was approximately
                                                                                                                                                                        for graduate employability 1                        $60,0002

                                                                                                                                                     84%          of
                                                                                                                                                                                                       59%          of                        38% of
                                                                                                                                                     graduates reported
                                                                                                                                                                                                       CBE graduates                          CBE graduates
                                                                                                                                                     their qualification
                                                                                                                                                                                                       are employed                           are employed
                                                                                                                                                     prepared them “very
                                                                                                                                                                                                       in the private                         in the public
                                                                                                                                                     well” or “well” for
                                                                                                                                                                                                       sector 2                               sector 2
                                                                                                                                                     employment 2

                                                                                                                            Employers of CBE graduates and alumni
                                                                                                                            ACT Government                               Citigroup                     Hewlett Packard                    RSM Bird Cameron
                                                                                                                            Aesop                                        Coca-Cola Company             HSBC                               Saatchi & Saatchi
                                                                                                                            AIA Group                                    Commonwealth Bank             IBM                                Samsung
                                                                                                                            Allianz                                      CPA Australia                 JPMorgan Chase                     Singtel
                                                                                                                            American Express                             Credit Suisse                 KPMG                               Standard Chartered Bank
                                                                                                                            ANZ Bank                                     DBS Bank                      LG Electronics HK Ltd              The Walt Disney Company
                                                                                                                            ASOS                                         Dell                          Macquarie Group                    Unilever
                                                                                                                            Australian Public Service                    Deloitte                      Mercedes-Benz                      United Nations
                                                                                                                            AXA                                          Deutsche Bank                 Merrill Lynch                      Vodafone Global Enterprise
                                                                                                                            Baker Tilly                                  Dixon Advisory                Microsoft                          Warner Bros. Entertainment
                                                                                                                                                                                                                                          Group of Companies
                                                                                                                            Bank of China                                Etihad Airways                National Australia Bank
                                                                                                                                                                                                       (NAB)                              Westfield Corp
                                                                                                                            Bank of Korea                                EY
                                                                                                                                                                                                       PepsiCo                            Westpac Banking Corporation
                                                                                                                            BNP Paribas                                  Facebook Inc
                                                                                                                                                                                                       PwC                                World Bank
                                                                                                                            Boston Consulting Group                      Goldman Sachs
                                                                                                                                                                                                       Royal Bank of Canada               Other international
                                                                                                                            China Eastern Airlines                       Google Inc
                                                                                                                                                                                                                                          governmental organisations
                                                                                                                                                                                                       Royal Bank of Scotland

                                                                                                                            Top five industries in which                                               Top 10 occupations for CBE
                                                                                                                            CBE alumni work 3                                                          alumni 3
                                                                                                                                »»   Accounting services                                                »»   Accountant
                                                                                                                                »»   Banking                                                            »»   Analyst/finance analyst/financial planner
                                                                                                                                »»   Central government administration                                  »»   CEO
                                                                                                                                »»   Management advice and related consulting services                  »»   CFO
                                             Developed in collaboration with industry experts, MomentuM is CBE’s                »»   State government administration                                    »»   Consultant
                                             flagship professional development program.                                                                                                                 »»   Director
                                                                                                                                                                                                        »»   Economist
                                             MomentuM develops employability and soft skills, essential for job market
                                                                                                                                                                                                        »»   Manager
                                             readiness.
                                                                                                                                                                                                        »»   Partner
                                             Get mentored by professionals who will share first-hand insights into how to                                                                               »»   President/vice president
                                             thrive in today’s business world, giving you the competitive edge.             1
                                                                                                                                Global University Employability Ranking 2017
                                                                                                                            2
                                                                                                                                2016 Graduate Outcomes Survey: ANU College of Business and Economics
                                             cbe.anu.edu.au/study/momentum
                                                                                                                            3
                                                                                                                                2017 data from ANU Alumni database

10   ANU College of Business & Economics   Photo: Holly Treadaway                                                                                                                                                                             2019 Undergraduate Guide   11
2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
GLOBAL LEARNING
                                           London,

Explore                                    Stockholm,
                                           Dubai, Beijing,
your world                                 Seoul, Taipei,
                                           Moscow
                                           Take your education to the
                                           next level on an in-country
                                           intensive study tour.
                                           The CBE Global Business Immersion study tours expose you to the
                                           business environment in a selected country where you will gain an
                                           understanding of the cultural and historical dimensions that shape
                                           business practice.

                                           Grow personally and professionally through a program designed to
                                           develop in-demand skills valued by global employers, such as
                                           leadership, management, marketing, entrepreneurship and
                                           international business.

                                           Student exchange
                                           You can undertake a traditional exchange opportunity with one
                                           of our 175+ partner universities across 37 countries. Apply to
                                           spend one or two semesters at a leading university in one of these
                                           distinctive destinations while you earn credit towards your ANU
                                           degree.
                                           Europe                  Asia-Pacific               Americas
                                           Austria                 Brunei                     Brazil
                                           Czech Republic          China                      Canada
                                           Denmark                 French Polynesia           Chile
                                           Finland                 Hong Kong                  Colombia
                                           France                  Indonesia                  Mexico
                                           Germany                 Japan                      Peru
                                           Hungary                 Myanmar                    United States
                                           Ireland                 New Caledonia               of America
                                           Italy                   New Zealand
                                           Netherlands             Singapore
                                           Norway                  South Korea
                                           Portugal                Taiwan
                                           Spain                   Thailand
                                           Sweden
                                           Switzerland
                                           Turkey
                                           United Kingdom

                                           Photo   left:                        Photo 4:
                                           Photo   1:                           Photo 5:
                                           Photo   2:
                                           Photo   3:

12   ANU College of Business & Economics                                                   2019 Undergraduate Guide   13
2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
BACHELOR OF ACCOUNTING                                                                                                                                               BACHELOR OF ACTUARIAL STUDIES
The Bachelor of Accounting is designed to develop your knowledge and skills in reporting, analysing and managing financial                                           Actuaries combine skills from mathematics, statistics, economics and finance to assess, evaluate and manage future financial risk,
resources in business and government entities.                                                                                                                       thereby addressing a wide range of practical problems in long-term financial planning and management.

ANU program code: 3406           UAC code: 133503       CRICOS code: 079653K          Duration: three years full-time                                                ANU program code: 3401           UAC code: 134403        CRICOS code: 028147F        Duration: three years full-time

                                                                                                                                                                     The program information below is current for students commencing in 2018. The Bachelor of Actuarial Studies is being redeveloped
     STRUCTURE                                                                                                                                                       for 2019 because of changes to the Actuaries Institute education program. The information below will be updated once the program
                                                                                                                                                                     changes for 2019 are finalised. Please see the programs and courses website for the most recent information about the program.
The program consists of 24 courses,                         –– Management Accounting                                >> a minimum of one elective course from
of which:                                                   –– Company Accounting                                      List 1 of the ANU College of Business
                                                            –– Accounting Theory                                       and Economics                                   STRUCTURE FOR 2018 COMMENCING STUDENTS
>> a maximum of 10 courses can be taken
   at level 1000 (first-year classes)                   >> two courses from the following:                          >> eight elective courses, which can be          The program consists of 24 courses,                          –– Macroeconomics 1 or                                  –– Credibility Theory
                                                                                                                       taken from any ANU college.                   of which:                                                       Economics 1(H)
>> a minimum of 14 courses must be taken                   –– Law of Business Entities                                                                                                                                                                                                    –– Life Contingencies
   at levels 2000 and 3000 (second- and                    –– Financial Statement Analysis                          * The minor in Business and Economics                                                                         –– Macroeconomics 2 or                                  –– Actuarial Techniques
                                                                                                                                                                     >> a maximum of 10 courses can be taken
   third-year classes).                                    –– Accounting Information Systems                        Essentials comprises the core courses,                                                                           Economics 2(H)
                                                                                                                                                                        at level 1000 (first-year classes)                                                                            >> two elective courses from within
                                                                                                                    Business Reporting & Analysis,                                                                                –– Quantitative Research Methods
The 24 courses must include:                            >> three courses from the following list:                                                                    >> a minimum of 14 courses must be taken                                                                            the ANU College of Business
                                                                                                                    Macroeconomics 1, Microeconomics 1                                                                            –– Introductory Mathematical Statistics
                                                           –– Auditing                                                                                                  at levels 2000 and 3000 (second- and                                                                             and Economics
>> the four courses that comprise                                                                                   and Quantitative Research Methods. As a                                                                       –– Regression Modelling
   the minor in Business and                               –– Advanced Management Accounting                        compulsory component of the Bachelor of             third-year classes).                                                                                          >> eight elective courses, which can be
                                                                                                                                                                                                                                  –– Financial Mathematics
   Economics Essentials*                                   –– Public Sector Accounting                              Accounting, the minor will not be separately     The 24 courses must include:                                                                                        taken from any ANU college.
                                                                                                                                                                                                                                  –– Introduction to
                                                           –– Financial Reporting by Corporations                   listed in your academic transcript.
>> the following six compulsory courses:                                                                                                                             >> 14 compulsory courses as follows:                            Stochastic Processes
                                                           –– Principles of Tax Law                                                                                                                                               –– Survival Models
   –– Accounting Processes & Systems                                                                                                                                    –– Business Reporting & Analysis
                                                           –– Corporate Social Responsibility,                                                                                                                                    –– Risk Theory
   –– Introduction to Commercial Law                                                                                                                                    –– Microeconomics 1
                                                               Accountability & Reporting
   –– Foundations of Finance

                                                                                                                                                                       CAREER OPTIONS                                                                   T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
     CAREER OPTIONS                                                                  T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y                       There are many attractive career opportunities for fully qualified actuaries    For 2018 commencing students:
                                                                                                                                                                     in Australia. Actuaries may apply their skills in insurance, superannuation,
Accounting is an integral part of all businesses and accountants are            Meeting professional accounting requirements                                         investment banking and finance, government, and a wide variety of other          Year    Semester 1                         Semester 2
constantly in demand. With continuing high global demand for qualified
                                                                                                                                                                     areas where quantitative skills are valued.
accountants, graduates of the Bachelor of Accounting have a wide range           Year    Semester 1                           Semester 2                                                                                                              1       Microeconomics 1                   Mathematical Foundations for
of employment opportunities working in the public and private sectors.                                                                                               Typical roles that utilise actuarial skills are in liability valuation, risk                                                Actuarial Studies
                                                                                 1       Business Reporting &                 Macroeconomics 1                                                                                                                Business Reporting & Analysis
                                                                                                                                                                     management and data analytics. Actuaries also work as consultants,                                                          Corporate Finance
Some of the roles available to a qualified accountant are: financial officer,            Analysis                             Accounting Processes & Systems                                                                                                  Foundations of Finance
                                                                                                                                                                     providing advice on financial decisions to both private and commercial                                                      Macroeconomics 1
auditor, tax accountant, management accountant, consultant and                           Microeconomics 1                     Introduction to Commercial Law                                                                                                  Quantitative Research
                                                                                                                                                                     clients.                                                                                 Methods                            University elective
business risk analyst. Accounting graduates from ANU have secured                        Quantitative Research Methods        College elective (List 1)
roles in large accounting firms, government departments, banking and                     Foundations of Finance                                                      Many actuaries move into high-level administrative and senior managerial         2       Introductory Mathematical          Macroeconomics 2
finance organisations, and large corporations.                                                                                                                       positions, reflecting the strong interdisciplinary nature of the profession,             Statistics
                                                                                 2       Company Accounting                   Management Accounting                                                                                                                                              Life Contingencies
                                                                                                                                                                     which mixes theoretical skills with sound practical knowledge.                           Regression Modelling
                                                                                         Law of Business Entities             Accounting Information Systems                                                                                                                                     Introduction to Stochastic
                                                                                                                                                                                                                                                              Financial Mathematics              Processes
                                                                                         2 x university electives             2 x university electives
                                                                                                                                                                                                                                                              Derivatives                        University elective
                                                                                 3       Accounting Theory                    Principles of Tax Law
     P R O F E S S I O N A L A C C R E D I TAT I O N
                                                                                         Auditing                             Accounting major 3000-level course^      P R O F E S S I O N A L A C C R E D I TAT I O N                                3       Investments                        Credibility Theory
A Bachelor of Accounting student can undertake a sequence of courses                     2 x university electives             2 x university electives
                                                                                                                                                                                                                                                              Continuous Time Finance            Actuarial Techniques
that meets tertiary education requirements for direct entry into the                                                                                                 The Bachelor of Actuarial Studies enables students to undertake
                                                                                ^ 3000-level Accounting course must be chosen from Advanced Management               a sequence of accredited courses that satisfy certain educational                        Risk Theory                        2 x university electives
professional programs of the accounting bodies in Australia. Students
                                                                                Accounting, Public Sector Accounting, Financial Reporting by Corporations or         requirements of the Actuaries Institute.                                                 Survival Models
wishing to discuss the sequence should contact the college office for
                                                                                Corporate Social Responsibility, Accountability & Reporting.
details or refer to the following link:                                                                                                                              For more information on accreditation visit                                      4       Actuarial Studies (Honours)
                                                                                Students in the combined program with Law should note they cannot take the           cbe.anu.edu.au/about/professional-organisations-accreditation/
www.cbe.anu.edu.au/about/professional-organisations-accreditation
                                                                                courses Introduction to Commercial Law, Law of Business Entities and Principles of
                                                                                                                                                                     actuaries-institute-requirements
                                                                                Tax Law towards the requirements of the Accounting major, if they have undertaken
                                                                                equivalent courses in the ANU College of Law.

14      ANU College of Business & Economics                                                                                                                                                                                                                                                         2019 Undergraduate Guide    15
2019 UNDERGRADUATE GUIDE - ANU College of Business & - ANU College of Business & Economics
B A C H E L O R O F B U S I N E S S A D M I N I S T R AT I O N                                                                                                BACHELOR OF COMMERCE
The Bachelor of Business Administration develops students’ leadership and management skills.                                                                  The Bachelor of Commerce includes courses in core areas such as business reporting, economics, quantitative methods and
                                                                                                                                                              techniques, and communication for business.

ANU program code: 3410         UAC code: 133403       CRICOS code: 062745A         Duration: three years full-time                                            ANU program code: 3400          UAC code: 133003        CRICOS code: 002289F        Duration: three years full-time

     STRUCTURE                                                                                                                                                  STRUCTURE

The program consists of 24 courses,                       –– Management, People &                                >> four elective courses from within         The program consists of 24 courses,                    >> an eight-course major from the                          * The minor in Business and Economics
of which:                                                    Organisations                                          the ANU College of Business               of which:                                                 following list:                                         Essentials comprises the core courses,
                                                          –– Communication for Business                             and Economics                                                                                       –– Accounting                                           Business Reporting & Analysis,
>> a maximum of 10 courses can be taken                                                                                                                       >> a maximum of 10 courses can be taken
                                                          –– International Business                                                                                                                                     –– Business Information Systems**                       Macroeconomics 1, Microeconomics 1 and
   at level 1000 (first-year classes)                                                                            >> eight elective courses, which can be         at level 1000 (first-year classes)
                                                                                                                                                                                                                                                                                Quantitative Research Methods. As a core
                                                          –– Human Resource Management &                            taken from any ANU college.                                                                         –– Corporate Sustainability
>> a minimum of 14 courses must be taken                                                                                                                      >> a minimum of 14 courses must come                                                                              part of the program, the minor will not be
                                                             Strategy                                                                                                                                                   –– Economic Studies
   at levels 2000 and 3000 (second- and                                                                                                                          from levels 2000 and 3000 (second-                                                                             listed on transcripts for students completing
                                                          –– Marketing                                                                                                                                                  –– Finance
   third-year classes).                                                                                          Note: Students intending to take electives      and third-year classes).                                                                                       the Bachelor of Commerce.
                                                          –– Corporate Strategy                                                                                                                                         –– International Business
                                                                                                                 in Marketing should note that the course
The 24 courses must include:                              –– Leadership                                                                                       The 24 courses must include:                                                                                      ** The major in Business Information
                                                                                                                 Marketing Research has Quantitative                                                                    –– Management
                                                                                                                                                                                                                                                                                Systems is not available for students in
>> the following 11 compulsory courses:                   –– Entrepreneurship & Innovation                       Research Methods as a prerequisite.          >> the four courses that comprise                         –– Marketing
                                                                                                                                                                                                                                                                                the Bachelor of Commerce/Bachelor of
   –– Business Reporting & Analysis                   >> a minimum of one of the following two                                                                   the minor in Business and                                                                                      Information Technology and Bachelor
                                                                                                                                                                                                                     >> a minimum of three elective courses
   –– Microeconomics 1                                   core courses:                                                                                           Economics Essentials*                                                                                          of Commerce/Bachelor of Software
                                                                                                                                                                                                                        from within the ANU College of Business
   –– Macroeconomics 1 or                                –– Business Decision Making                                                                          >> one compulsory course: Communication                   and Economics                                           Engineering combined degree programs.
        Economics 1(H)                                   –– Quantitative Research Methods                                                                        for Business
                                                                                                                                                                                                                     >> eight elective courses, which can be
                                                                                                                                                                                                                        taken from any ANU college.

     CAREER OPTIONS                                                               T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
                                                                                                                                                                CAREER OPTIONS                                                                   T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
The Bachelor of Business Administration provides a comprehensive
grounding in the key business skills that are essential in any workplace.     Year    Semester 1                           Semester 2
                                                                                                                                                              With its combination of core business courses and major specialisations,
With its focus on developing leadership and management skills,                1       Business Reporting &                 Macroeconomics 1                                                                                                  Year     Semester 1                          Semester 2
                                                                                      Analysis                                                                the Bachelor of Commerce provides an ideal springboard for careers in
graduates of the program will be well equipped to take up management                                                       2 x college electives                                                                                             1        Business Reporting &                Macroeconomics 1
                                                                                      Microeconomics 1                                                        the private or public sectors.
and senior administrative positions in both the public and private sectors.                                                University elective                                                                                                        Analysis                            Quantitative Research Methods
                                                                                      Management, People &                                                    Depending on your chosen major, you could work in the following areas                   Microeconomics 1
Additionally, with its broad coverage of the different components of                  Organisations
                                                                                                                                                                                                                                                                                          Major course
                                                                                                                                                              after graduating with a Bachelor of Commerce:                                           Communication for Business
business and management, the Bachelor of Business Administration                      University elective
                                                                                                                                                                                                                                                                                          University elective
provides an ideal foundation for careers in human resources,                                                                                                  >> Accounting: business analysis, management accounting, public                         Major course
                                                                              2       Human Resource                       International Business
communications, marketing and business strategy.                                                                                                                 accounting, company accounting, auditing                                    2        Major course                        2 x major courses
                                                                                      Management & Strategy                Marketing
Graduates gain a good understanding of the innovation and                                                                                                                                                                                             College elective                    College elective
                                                                                      Communication for Business           Quantitative Research              >> Business information systems: consultant or business analyst,
entrepreneurship essential to creating new commercial ventures and                    2 x university electives             Methods or Business Decision
                                                                                                                                                                                                                                                      2 x university elective             University elective
                                                                                                                                                                 database administrator, system analyst or architect, programming
developing existing businesses.                                                                                            Making                                                                                                            3        2 x major courses                   Major course
                                                                                                                                                                 and other professional careers in ICT
                                                                                                                           University elective                                                                                                        College elective                     3 x university electives
                                                                                                                                                              >> Corporate sustainability: sustainable development manager,                           University elective
                                                                              3       Corporate Strategy                   Leadership
                                                                                                                                                                 ethical supply chains, corporate social responsibility consultant, or
                                                                                      College elective                     Entrepreneurship & Innovation
                                                                                                                                                                 corporate sustainability communications
                                                                                      2 x university electives             College elective
                                                                                                                           University elective                >> Economic studies: economics, financial markets, government policy,
                                                                                                                                                                 investment banking, consulting and business administration                      P R O F E S S I O N A L A C C R E D I TAT I O N
                                                                                                                                                              >> Finance: financial trader, broker, analyst, statistician, corporate
                                                                                                                                                                                                                                            Students taking majors in Accounting (with the sequence of courses
                                                                                                                                                                 treasurer, financial consultant or financial planner
                                                                                                                                                                                                                                            required by the professional accounting bodies) or Business Information
                  ANU has always been consistent                                                                                                              >> International business: international trade, global sourcing, import/      Systems can qualify for membership of the relevant professional
                  in their ranking in the region                                                                                                                 export and supply chain management, or business specialist for a           bodies through their sequence of study. For more information, see the
                  and for producing world-class                                                                                                                  multinational corporation                                                  descriptions of the Accounting and Business Information Systems majors
      graduates. ANU equips students not only                                                                                                                                                                                               on the following pages.
                                                                                                                                                              >> Management: human resources, recruitment, business consulting,
      with academic knowledge, but also essential                                                                                                                business analysis
      exposure to industry environments that
                                                                                                                                                              >> Marketing: marketing research, marketing communications,
      provide a deeper level of engagement with
                                                                                                                                                                 advertising and sales, business development.
      your learning experience.

      Nicholas Chen
      Bachelor of Business Administration
      President of the ANU Singaporean Students’
      Association 2017
      Singapore

16    ANU College of Business & Economics        Photo: Holly Treadaway                                                                                                                                                                                                                        2019 Undergraduate Guide    17
ACCOUNTING MAJOR                                                                                                                                          B U S I N E S S I N F O R M AT I O N S Y S T E M S M A J O R
Accounting is concerned with the measurement, analysis, reporting and evaluation of information, which assists in the management                          The major in Business Information Systems is about the study of business information and its production, flows and usage within
of resources in business entities and government organisations.                                                                                           organisations. It encompasses both manual activities and those involving computing and telecommunications.
If you see yourself as a financial officer, auditor, tax accountant, or management accountant, the accounting major equips you with                       This major cannot be counted towards the Bachelor of Commerce component of the Bachelor of Commerce/Bachelor of Information
the knowledge and skills to start you on that path.                                                                                                       Technology and Bachelor of Commerce/Bachelor of Software Engineering combined degree programs.

     STRUCTURE                                                                                                                                                 STRUCTURE

This major requires the completion of eight              –– Public Sector Accounting                            –– Auditing                               This major requires the completion of eight          >> one core course from the following:                     –– Information Technology in
courses including:                                       –– Financial Reporting by Corporations                 –– Advanced Management Accounting         courses, which must include:                            –– Introduction to Programming &                           Electronic Commerce
                                                         –– Corporate Social Responsibility,                    –– Public Sector Accounting                                                                           Algorithms                                          –– Advanced Databases & Data Mining
>> the following four compulsory courses:                                                                                                                 >> the following four compulsory courses:
                                                            Accountability & Reporting                          –– Financial Reporting by Corporations                                                            –– Web Development & Design                             –– Accounting Information Systems
   –– Accounting Processes & Systems                                                                                                                         –– Relational Databases
                                                                                                                –– Principles of Tax Law                                                                                                                                  –– Enterprise Systems in Business
   –– Management Accounting                          >> two core courses from the following list                                                             –– Business Information Systems                   >> three core courses from the
                                                        (if not already completed towards the                   –– Corporate Social Responsibility,                                                               following list:                                         –– Project Management &
   –– Company Accounting                                                                                                                                     –– Information Systems Analysis
                                                        requirements of the major):                                Accountability & Reporting                                                                                                                                Information Systems.
   –– Accounting Theory                                                                                                                                      –– Information Systems Management                    –– Networked Information Systems
                                                        –– Introduction to Commercial Law                       –– Financial Statement Analysis
>> one core course from the following list:                                                                     –– Accounting Analytics.
                                                        –– Law of Business Entities
   –– Advanced Management Accounting
                                                                                                                                                               T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y

                                                                                                                                                          Bachelor of Commerce with a major in Business Information Systems (BIS) meeting Australian Computer Society requirements
     T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
                                                                                                                                                           Year     Semester   Courses
Bachelor of Commerce with a major in Accounting that meets professional accounting requirements                                                            1        1          Business Reporting & Analysis   Microeconomics 1                 Introduction to Programming     Business Information Systems
                                                                                                                                                                                                                                                & Algorithms
 Year      Semester    Courses
                                                                                                                                                                    2          Macroeconomics 1                Quantitative Research Methods    Relational Databases            Communication for Business
 1         1           Microeconomics 1             Business Reporting & Analysis      Foundations of Finance           Quantitative Research Methods
                                                                                                                                                           2        1          Information Systems Analysis    University elective              University elective             University elective
           2           Macroeconomics 1             Accounting Processes & Systems     Introduction to Commercial Law   Communication for Business
                                                                                                                                                                    2          BIS major course                College elective                 College elective                University elective
 2         1           Company Accounting           Law of Business Entities           University elective              University elective
                                                                                                                                                           3        1          Information Systems             College elective                 University elective             University elective
           2           Management Accounting        Accounting Information Systems     University elective              University elective                                    Management
 3         1           Accounting Theory            Principles of Tax Law              University elective              University elective                         2          Project Management &            Enterprise Systems in Business   University elective             University elective
           2           Auditing                     Accounting major course from       University elective              University elective                                    Information Systems
                                                    3000 level (third-year)

Students in the combined program with Law should note they cannot take the courses Introduction to Commercial Law, Law of Business Entities, and
Principles of Tax Law towards the requirements of the Accounting major, if they have undertaken equivalent courses in the ANU College of Law.

     P R O F E S S I O N A L A C C R E D I TAT I O N
                                                                                                                                                                                                                                                                        The internship I took
A student undertaking the Accounting major can take a few additional courses in order to meet tertiary education requirements for direct entry into the
                                                                                                                                                                                                                                                                        through CBE has
professional programs of the accounting bodies in Australia. Students wishing to discuss the necessary sequence should contact the college office for
details or refer to:
                                                                                                                                                                                                                                                                        definitely made me job
                                                                                                                                                                                                                                                           ready. It’s made me really excited
www.cbe.anu.edu.au/about/professional-organisations-accreditation                                                                                                                                                                                          to get out there and experience the
                                                                                                                                                                                                                                                           real-world work environment.

                                                                                                                                                                                                                                                           Megan Stokes
                                                                                                                                                                                                                                                           Bachelor of Economics/Commerce
                                                                                                                                                                                                                                                           Intern with CHC Affordable
                                                                                                                                                                                                                                                           Housing, Canberra
                                                                                                                                                                                                                                                           Sydney, Australia

18      ANU College of Business & Economics                                                                                                               Photo: Holly Treadaway                                                                                                   2019 Undergraduate Guide    19
C O R P O R AT E S U S TA I N A B I L I T Y M A J O R                                                                                                            FINANCE MAJOR
The major in Corporate Sustainability examines the increasing constraints placed on business by both the natural environment and                                 The major in Finance introduces students to the concepts underpinning finance, applying them to the study of financial instruments
society, and how corporations create long-term value through innovative responses to these constraints. It is multidisciplinary, drawing                         and markets, financial decisions facing firms, investment decisions and portfolio management, derivatives and risk management. In
together insights from management, marketing, accounting, economics, environmental science, law, politics and philosophy.                                        addition, depending upon the electives chosen, students may study portfolio construction, corporate valuation and debt markets.

     STRUCTURE                                                                                                                                                        STRUCTURE

This major requires the completion of eight               >> three core courses from the following list              ––     Business & the Natural Environment   This major requires the completion of eight          >> one core course from the following:                 >> two core courses from the following list:
courses, which must include:                                 (if not already completed towards the                   ––     Business & its Social Stakeholders   courses, which must include:                            –– Statistical Techniques                              –– Corporate Valuation
                                                             requirements of the major):                             ––     Social Marketing                                                                             –– Quantitative Research Methods                       –– Financial Intermediation &
>> the following three compulsory courses:                                                                                                                       >> the following four compulsory courses:
                                                             –– Resource & Environmental                             ––     Sustainable Marketing                                                                                                                                   Debt Markets
   –– Corporate Social Responsibility,                                                                                                                              –– Foundations of Finance                         >> one core course from the following list:
                                                                  Economics (P) or Resource &                                                                                                                                                                                   –– Applied Portfolio Construction.
        Accountability & Reporting                                                                                   ––     Sustainability, System & Agency         –– Corporate Finance
                                                                  Environmental Economics (H)                                                                                                                            –– Foundations of Economic &
   –– Corporate Sustainability                                                                                       ––     Development & Change                    –– Derivatives                                           Financial Models
                                                             –– Human Ecology or
   –– Corporate Strategy                                                                                             ––     Australian National                     –– Investments                                       –– Marketing for Financial Services
                                                                  Society & Environmental Change or
                                                                                                                            Internships Program.
>> one core course from the following:                            Climate Change Science & Policy or                                                                                                                     –– Financial Mathematics
   –– Business & the Natural Environment                          Environmental Policy                            Note: Some courses have the completion of
                                                             –– Human Futures or                                  four courses listed as a prerequisite.
   –– Business & Its Social Stakeholders                                                                                                                              T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
                                                                  Climate Change Science & Policy
>> one core course from the following:                            in Practice
                                                                                                                                                                 Bachelor of Commerce with a major in Finance
   –– Resource & Environmental                               –– Law & the Environment
       Economics (P) or Resource &                           –– Negotiation                                                                                       Year     Semester   Courses
       Environmental Economics (H)                           –– Managing Organisational Change                                                                    1        1          Business Reporting & Analysis   Microeconomics 1                 Quantitative Research Methods      Foundations of Finance
   –– Sustainable Marketing                                  –– Business Ethics                                                                                            2          Macroeconomics 1                Corporate Finance                Communication for Business         Marketing for Financial Services
                                                                                                                                                                  2        1          Investments                     University elective              University elective                University elective
                                                                                                                                                                           2          Derivatives                     College elective                 University elective                University elective
     T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y                                                                                                    3        1          Finance major course from       College elective                 University elective                University elective
                                                                                                                                                                                      3000 level (third-year)
Bachelor of Commerce with a major in Corporate Sustainability                                                                                                              2          Finance major course from       College elective                 University elective                University elective
                                                                                                                                                                                      3000 level (third-year)
 Year      Semester    Courses
 1         1           Business Reporting & Analysis       Microeconomics 1                 Quantitative Research Methods       Communication for Business
           2           Macroeconomics 1                    College elective                 College elective                    University elective                   CAREER OPTIONS
 2         1           Corporate Sustainability            Corporate Strategy               University elective                 University elective
           2           Corporate Sustainability major      Corporate Sustainability major   University elective                 University elective              The aim of the major in Finance is to develop skills and competencies in students that will enable them to embark upon a professional career in the
                       course                              course                                                                                                fields of financial management, financial consulting and planning, funds management, investment banking and stockbroking.
 3         1           Corporate Sustainability major      Corporate Sustainability major   University elective                 University elective
                       course                              course
           2           Corporate Social Responsibility,    Corporate Sustainability major   College elective                    University elective
                       Accountability & Reporting          course

                                                                                                                                                                                                                                                                                   I wanted to
                                                                                                                                                                                                                                                                                   move away, be
                                                                                                                                                                                                                                                                                   my own person,
                                                                                                                                                                                                                                                                       find my strengths, be bold,
                                                                                                                                                                                                                                                                       travel, experience living in a
                                                                                                                                                                                                                                                                       foreign country, interact with
                                                                                                                                                                                                                                                                       international people and do
                                                                                                                                                                                                                                                                       everything on my own. So I
                                                                                                                                                                                                                                                                       decided to come to ANU.

                                                                                                                                                                                                                                                                       Palak Bhatia
                                                                                                                                                                                                                                                                       Bachelor of Accounting
                                                                                                                                                                                                                                                                       India

20      ANU College of Business & Economics                                                                                                                      Photo: Holly Treadaway                                                                                                    2019 Undergraduate Guide          21
ECONOMIC STUDIES MAJOR                                                                                                                                   I N T E R N AT I O N A L B U S I N E S S M A J O R
The major in Economic Studies introduces students to the core concepts and techniques used in economic analysis with applications                        The major in International Business combines concepts from many disciplines to analyse the principal issues and considerations in
to a wide variety of issues, including economic development, public policy, macroeconomic forecasting, the design of financial                           the growth and functioning of international business organisations and activities.
contracts and industrial strategy. It is an exciting and broad-ranging major which offers insight into the ways that individuals make
decisions and interact, the ways that businesses are structured and compete, and the role of government in economic activity.

     STRUCTURE                                                                                                                                                STRUCTURE

This major requires the completion of eight               –– History of Economic Thought                          –– Development, Poverty & Famine       This major requires the completion of eight               >> one core course from the following list:               ––   Global Business Immersion
courses, which must include:                              –– The World Economy Since 1800                         –– Financial Economics                 courses, including:                                          –– International Marketing                             ––   Dynamics of European Business
>> four core courses from the following list:             –– Japanese Economy &                                   –– Southeast Asian Economic Policy &   >> two compulsory courses:                                   –– International Human                                 ––   International Marketing
                                                             Economic Policy                                         Development                                                                                          Resource Management                                ––   Business in China
   –– Microeconomics 1                                                                                                                                      –– International Business
                                                          –– Labour Economics &                                   –– International Economics                                                                                                                                 ––   Cross-Cultural Management
   –– Macroeconomics 1                                                                                                                                      –– International Strategic Management                  >> four core courses from the following list
                                                             Industrial Relations                                 –– Economic Policy Issues                                                                                                                                  ––   International Supply
   –– Economics 1                                                                                                                                                                                                     (if not already completed towards the
                                                          –– Behavioral Economics                                 –– Political Economy of                >> one core course from the following list:                                                                              Chain Management
   –– Microeconomics 2                                                                                                                                                                                                requirements of the major):
                                                          –– Managerial Economics                                    Macroeconomic Policy                   –– Dynamics of Business in                                                                                       ––   Negotiation
   –– Macroeconomics 2                                                                                                                                                                                                –– Dynamics of Business in
                                                          –– Money & Banking                                      –– Industrial Organisation                    the Americas
                                                                                                                                                                                                                           the Americas                                      ––   Career Planning & Management
   –– Economics 2                                                                                                                                           –– Dynamics of Asian Business
                                                          –– The Economy, Politics & the State                    –– Microeconomics 3                                                                                 –– Dynamics of Asian Business                          ––   International Human
>> one core course from the following list:               –– Law & Economics                                      –– Macroeconomics 3                       –– Dynamics of Business in the                                                                                        Resource Management
                                                                                                                                                                                                                      –– Dynamics of Business in the
   –– Microeconomics 3                                                                                                                                          Middle East
                                                          –– Resource &                                           –– Game Theory                                                                                           Middle East                                       ––   Australian National
   –– Macroeconomics 3                                       Environmental Economics                                                                        –– Dynamics of European Business                                                                                      Internships Program.
                                                                                                                  –– Foundations of Economic &                                                                        –– Development of Modern Business
>> three core courses from the                            –– Public Sector Economics                                 Financial Models
   following list:                                        –– Cost–Benefit Analysis                                –– Economies of Emerging Asia.
   –– The Australian Economy: Past &                      –– Strategic Thinking: An Introduction
                                                                                                                                                              T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
        Present                                              to Game Theory

                                                                                                                                                         Bachelor of Commerce with a major in International Business (IB)

                                                                                                                                                          Year     Semester   Courses
     T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
                                                                                                                                                          1        1          Business Reporting & Analysis         Microeconomics 1                 Quantitative Research Methods    Communication for Business
                                                                                                                                                                   2          Macroeconomics 1                      International Business           College elective                 University elective
Bachelor of Commerce with a major in Economic Studies
                                                                                                                                                          2        1          IB major course                       IB major course                  University elective              University elective
 Year      Semester    Courses
                                                                                                                                                                   2          IB major course                       IB major course                  University elective              University elective
 1         1           Business Reporting & Analysis   Microeconomics 1               Quantitative Research Methods       Elective course
                                                                                                                                                          3        1          International Strategic Management    IB major course                  University elective              University elective
           2           Macroeconomics 1 or             Communication for Business     College elective (List 1)           Elective course
                                                                                                                                                                   2          IB major course                       College elective                 College elective                 University elective
                       Economics 1(H)
 2         1           Microeconomics 2                Economics core course          College elective (List 1)           Elective course
           2           Macroeconomics 2 or             Economics core course          College elective (List 1)           Elective course
                       Economics 2(H)
 3         1           Microeconomics 3                College elective (List 1)      Elective course                     Elective course
           2           Economics core course           College elective (List 1)      Elective course                     Elective course
                                                                                                                                                                                                                                                                              My time in China
                                                                                                                                                                                                                                                                              completing my
                                                                                                                                                                                                                                                                              internship with
                                                                                                                                                                                                                                                                   National Australia Bank in
                                                                                                                                                                                                                                                                   Shanghai has absolutely
                                                                                                                                                                                                                                                                   changed my life and broadened
                                                                                                                                                                                                                                                                   my horizons. I will not hesitate to
                                                                                                                                                                                                                                                                   work overseas again.

                                                                                                                                                                                                                                                                   Stephanie Otten
                                                                                                                                                                                                                                                                   Bachelor of Commerce/
                                                                                                                                                                                                                                                                   Asia–Pacific Studies
                                                                                                                                                                                                                                                                   Melbourne, Australia

22      ANU College of Business & Economics                                                                                                              Photo: Holly Treadaway                                                                                                        2019 Undergraduate Guide    23
MANAGEMENT MAJOR                                                                                                                                        MARKETING MAJOR
The major in Management incorporates disciplines to analyse the principal issues and considerations in business.                                        The major in Marketing combines aspects of economics, commerce, psychology, sociology and statistical analysis in the assessment
                                                                                                                                                        of market behaviour and the development of appropriate business responses.

     STRUCTURE                                                                                                                                               STRUCTURE

This major requires the completion of eight             >> three core courses from the following list                –– Techniques for Business         This major requires the completion of eight                    ––   International Marketing                              –– Entrepreneurship & Innovation
courses, including:                                        (if not already completed towards the                        Project Management              courses, which must include:                                   ––   Global Business Immersion                            –– Regression Modelling
                                                           requirements of the major):                               –– Business Ethics                                                                                ––   Services Marketing                                   –– Advanced Marketing Research
>> the following four compulsory courses:                                                                                                               >> the following four compulsory courses:
                                                           –– Cross-Cultural Management                              –– Leadership                                                                                     ––   Sustainable Marketing                                   Methods or Generalised
   –– Management, People &                                                                                                                                 –– Marketing Research
                                                           –– Global Business Immersion                              –– International Human                                                                            ––   Marketing for Financial Services                        Linear Modelling
        Organisations                                                                                                                                      –– Marketing
                                                           –– Labour Economics & Industrial                             Resource Management                                                                            ––   E-Marketing                                          –– Services Marketing
   –– Organisational Behaviour                                                                                                                             –– Consumer Behaviour
                                                                Relations (P) or Labour Economics                    –– Entrepreneurship & Innovation                                                                                                                            –– Australian National
   –– Human Resource Management &                                                                                                                          –– Strategic Marketing                                      ––   Advertising
                                                                & Industrial Relations (H)                           –– Australian National                                                                                                                                         Internships Program.
        Strategy                                                                                                                                                                                                       ––   Social Marketing
                                                           –– Corporate Sustainability                                  Internships Program.            >> four core courses from the following list:
   –– Corporate Strategy
                                                           –– Employment Relations
>> one core course from the following:                     –– Negotiation
   –– Leadership                                           –– Career Planning & Management
   –– Entrepreneurship & Innovation                        –– Managing Organisational Change                                                                 T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y

                                                                                                                                                        Bachelor of Commerce with a major in Marketing

                                                                                                                                                         Year     Semester    Courses
     T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
                                                                                                                                                         1        1           Business Reporting & Analysis         Microeconomics 1                     Quantitative Research Methods       Communication for Business
Bachelor of Commerce with a major in Management                                                                                                                   2           Macroeconomics 1                      Marketing                            College elective                    University elective
                                                                                                                                                         2        1           Consumer Behaviour                    Marketing major course               University elective                 University elective
 Year      Semester    Courses
                                                                                                                                                                  2           Marketing Research                    Marketing major course               University elective                 University elective
 1         1           Business Reporting & Analysis    Microeconomics 1                   Quantitative Research Methods    Management, People &
                                                                                                                            Organisations                3        1           Strategic Marketing                   Marketing major course               University elective                 University elective

           2           Macroeconomics 1                 Organisational Behaviour           Communication for Business       University elective                   2           Marketing major course                College elective                     College elective                    University elective

 2         1           Human Resource Management        University elective                University elective              University elective         * Students intending to undertake honours in Marketing should take at least two of the following courses: Regression Modelling, Advanced Marketing Research Methods
                       & Strategy                                                                                                                       and Generalised Linear Modelling.
           2           Management major course          Management major course            College elective                 University elective
 3         1           Corporate Strategy               Management major course            University elective              University elective
           2           Management major course*         College elective                   College elective                 University elective

* The Management major core course must be chosen from Leadership or Entrepreneurship & Innovation.
                                                                                                                                                                                                                                                                                        I chose to study
                                                                                                                                                                                                                                                                                        at ANU because
                                                                                                                                                                                                                                                                                        of its exceptional
                                                                                                                                                                                                                                                                            reputation, modern facilities
                                                                                                                                                                                                                                                                            and highly qualified teachers.
                                                                                                                                                                                                                                                                            The environment at ANU is
                                                                                                                                                                                                                                                                            one that stimulates intellectual
                                                                                                                                                                                                                                                                            curiosity and inspires students
                                                                                                                                                                                                                                                                            to aim for excellence.

                                                                                                                                                                                                                                                                            Alex Dalczynski
                                                                                                                                                                                                                                                                            Bachelor of Law (Honours)/
                                                                                                                                                                                                                                                                            Commerce
                                                                                                                                                                                                                                                                            Canberra, Australia

24      ANU College of Business & Economics                                                                                                             Photo: CY Creations                                                                                                                  2019 Undergraduate Guide         25
BACHELOR OF ECONOMICS                                                                                                                                           BACHELOR OF FINANCE
The Bachelor of Economics program offers rigorous training in analytic tools, providing a better understanding of a wide variety of                             The Bachelor of Finance is a specialised program offering rigorous training in the theory and applications of finance.
topical policy issues.

ANU program code: 3200         UAC code: 134003        CRICOS code: 002290B         Duration: three years full-time                                             ANU program code: 3408         UAC code: 133203       CRICOS code: 039746C          Duration: three years full-time

     STRUCTURE                                                                                                                                                    STRUCTURE

The program consists of 24 courses,                        –– Quantitative Research Methods                            –– Money & Banking                       The program consists of 24 courses,                       –– Macroeconomics 1 or                                       –– Capital Markets
of which:                                                  –– Microeconomics 2                                         –– The Economy, Politics & the State     of which:                                                    Economics 1(H)                                            –– Quantitative Finance
                                                           –– Macroeconomics 2 or                                      –– Law & Economics                                                                                 –– Foundations of Finance                                    –– Asian Capital Markets
>> a maximum of 10 courses can be taken                                                                                                                         >> a maximum of 10 courses can be taken
   at level 1000 (first-year classes)                         Economics 2(H)                                           –– Strategic Thinking: An Introduction      at level 1000 (first-year classes)                     –– Quantitative Research Methods
                                                                                                                                                                                                                                                                                   >> two elective courses from List 1
                                                           –– Econometrics 1:                                             to Game Theory                                                                                  –– Microeconomics 2
>> a minimum of 14 courses must come                                                                                                                            >> a minimum of 14 courses must come                                                                                  of the ANU College of Business
                                                              Econometric Methods                                      –– Development, Poverty & Famine
   from levels 2000 and 3000 (second-                                                                                                                              from levels 2000 and 3000 (second-                 >> one core course from the following list:                     and Economics
                                                           –– Microeconomics 3
   and third-year classes).                                                                                        >> three elective courses from List 1           and third-year classes).                              –– Foundations of Economic &                              >> eight elective courses, which can
                                                           –– Macroeconomics 3
                                                                                                                      of the ANU College of Business                                                                         Financial Models                                         be taken from the ANU College of
The 24 courses must include:                                                                                                                                    The 24 courses must include:
                                                       >> one course from the following list:                         and Economics                                                                                      –– Marketing for Financial Services                          Business and Economics or any other
>> the following nine compulsory courses:                 –– The Australian Economy: Past &                                                                     >> six compulsory courses:                               –– Financial Mathematics                                     ANU college.
                                                                                                                   >> three courses from List 2 of the ANU
   –– Microeconomics 1                                        Present                                                 College of Business and Economics            –– Business Reporting & Analysis
                                                                                                                                                                                                                      >> an eight-course major from
   –– Macroeconomics 1 or                                 –– History of Economic Thought                                                                           –– Microeconomics 1
                                                                                                                   >> eight elective courses, which can be                                                               the following:
        Economics 1(H)                                    –– The World Economy Since 1800
                                                                                                                      taken from any ANU college.
   –– Foundations of Economic &                           –– Behavioral Economics
        Financial Models                                  –– Managerial Economics
                                                                                                                                                                  CAREER OPTIONS                                                                   T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y

                                                                                                                                                                Finance has applications in many fields including banking, financial
     CAREER OPTIONS                                                                T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y                                                                                                   Year     Semester 1                             Semester 2
                                                                                                                                                                consulting and planning, funds management, merchant banking,
                                                                                                                                                                stockbroking and treasury.                                                     1        Business Reporting &                   Macroeconomics 1
The Bachelor of Economics provides a platform for a wide variety of                                                                                                                                                                                     Analysis
                                                                               Year    Semester 1                            Semester 2                                                                                                                                                        Corporate Finance
careers across the public and private sectors.                                                                                                                  Possible jobs for finance graduates include: financial trader or broker;                Microeconomics 1                       Finance core course
Economists play a crucial role in public policy, and are much in demand        1       Microeconomics 1                      Macroeconomics 1                   financial manager or analyst; mathematical statistician; corporate                      Foundations of Finance                 University elective
in many government departments and corporate organisations. There                      Quantitative Research                 Foundations of Economic &          treasurer; operations manager; financial consultant; and financial planner.             Quantitative Research Methods
                                                                                       Methods                               Financial Models
are also many opportunities for economists in international agencies,
                                                                                       College elective (List 1)             College elective (List 1)                                                                                         2        Major course                           2 x major courses
in areas such as global economic analysis, development, resource
                                                                                       University elective                   University elective                                                                                                        College elective                       College elective
management and the environment.
                                                                                                                                                                                                                                                        2 x university electives               University elective
Many firms employ economists to help understand the wider business             2       Microeconomics 2                      Macroeconomics 2
                                                                                       Econometrics 1:                       College elective (List 2)                                                                                         3        2 x major courses                      Major course
environment and guide their business development strategies.
                                                                                       Econometric Methods                   Economics core course                                                                                                      College elective                        3 x university electives
Consultancy and accounting firms also employ economists to help guide
                                                                                       College elective (List 2)                                                                                                                                        University elective
their clients.                                                                                                               University elective
                                                                                       University elective
Financial institutions including banks, and in particular the Reserve Bank
of Australia, actively recruit economists to advise them on the state of the   3       Microeconomics 3                      Macroeconomics 3
economy and on risks from factors such as interest rate changes and                    College elective (List 1)             College elective (List 2)
exchange rate movements.                                                               2 x university electives              2 x university electives

There is also a thriving national and international market for academic
economists in high schools, colleges and universities.
                                                                                                                                                                                                                                                                             I chose ANU because
                                                                                                                                                                                                                                                                             my flexible double
                                                                                                                                                                                                                                                                             degree allowed me to
                                                                                                                                                                                                                                                                combine my interests, and I wanted
                                                                                                                                                                                                                                                                to study at a university that is
                                                                                                                                                                                                                                                                surrounded by national institutions.
                                                                                                                                                                                                                                                                This is currently my fourth year
                                                                                                                                                                                                                                                                on campus, and living here whilst
                                                                                                                                                                                                                                                                studying has really enhanced my
                                                                                                                                                                                                                                                                university experience.

                                                                                                                                                                                                                                                                Alma Jovanovic
                                                                                                                                                                                                                                                                Bachelor of Laws (Honours)/
                                                                                                                                                                                                                                                                Commerce
                                                                                                                                                                                                                                                                Perth, Australia

26    ANU College of Business & Economics                                                                                                                       Photo: Holly Treadaway                                                                                                           2019 Undergraduate Guide   27
C A P I TA L M A R K E T S M A J O R * *                                                                                                                      A S I A N C A P I TA L M A R K E T S M A J O R * *

The major in Capital Markets applies the basic concepts introduced                                                                                            The major in Asian Capital Markets is designed for students who want
                                                                                T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y                                                                                                      T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
in the core Finance course, Foundations of Finance, to study                                                                                                  to specialise their study of finance within the Asian region. Students in
financial decisions facing the firm; investment decisions and portfolio                                                                                       this major can spend one semester of study at a university within the
                                                                           Bachelor of Finance with a major in Capital Markets                                                                                                            Bachelor of Finance with a major in Asian Capital Markets
management; derivatives and risk management; portfolio construction;                                                                                          Asian region, giving them invaluable exposure to the study and practice
corporate valuation; and debt markets.                                      Year    Semester 1                         Semester 2
                                                                                                                                                              of finance within Asia. This major is aimed at students who are keen to      Year    Semester 1                         Semester 2
                                                                                                                                                              equip themselves with a program that will prepare them to excel in the
The major in Capital Markets develops skills and competencies in            1       Business Reporting &               Macroeconomics 1                                                                                                    1       Business Reporting & Analysis      Macroeconomics 1
                                                                                                                                                              Asian financial marketplace.
                                                                                    Analysis                           Corporate Finance                                                                                                           Foundations of Finance             Corporate Finance
students that will enable them to embark upon a professional career in
corporate financial management, financial consulting and planning, funds            Microeconomics 1                   Finance core course*                   The major requires the completion of eight compulsory                                Microeconomics 1                   Finance core course*
management, investment banking and stockbroking.                                    Foundations of Finance             University elective                    courses, including:                                                                  Quantitative Research Methods      Elective
                                                                                    Quantitative Research                                                         –– Corporate Finance
This major consists of eight compulsory courses:                                                                                                                                                                                           2       Investments                        Asian Capital Markets
                                                                                    Methods                                                                       –– Derivatives
    –– Corporate Finance                                                                                                                                                                                                                           Regression Modelling               Derivatives
                                                                            2       Investments                        Derivatives                                –– Investments
    –– Derivatives                                                                                                                                                                                                                                 Microeconomics 2                   Elective
                                                                                    Corporate Strategy                 College elective                           –– Regression Modelling
    –– Investments                                                                                                                                                                                                                                 Elective                           Elective
                                                                                    Regression Modelling               2 x university electives
    –– Corporate Valuation                                                                                                                                    AND either:                                                                  3       Corporate Valuation                Portfolio Construction
                                                                                    Microeconomics 2
    –– Financial Intermediation & Debt Markets                                                                                                                   –– four courses (24 units) from an approved university exchange                   Financial Intermediation & Debt    College elective
                                                                            3       Corporate Valuation                Portfolio Construction                                                                                                      Markets
                                                                                                                                                                     partner in Asia                                                                                                  Elective
    –– Portfolio Construction                                                       Financial Intermediation &         College elective                                                                                                            Elective                           Elective
    –– Corporate Strategy                                                           Debt Markets                       2 x university electives               OR:
                                                                                                                                                                                                                                                   Elective
    –– Regression Modelling.                                                        2 x university electives                                                        ––   Corporation Valuation
                                                                                                                                                                    ––   Financial Intermediation & Debt Markets                          * The Finance core course must be chosen from Foundations of Economic &
                                                                           * The Finance core course must be chosen from Foundations of Economic &                  ––   Portfolio Construction                                           Financial Models, Marketing for Financial Services or Financial Mathematics.
                                                                           Financial Models, Marketing for Financial Services or Financial Mathematics.
                                                                                                                                                                    ––   Asian Capital Markets.                                           ** Students may not take both a major in Asian Capital Markets and in Capital
                                                                           ** Students may not take both a major in Asian Capital Markets and in Capital                                                                                  Markets.
                                                                           Markets.

                                                                           The Bachelor of Finance with the Capital Markets major is recognised as
                                                                           a CFA Program Partner by the CFA Institute.

Q U A N T I TAT I V E F I N A N C E M A J O R

The major in Quantitative Finance builds skills in the concepts
                                                                                T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y
and techniques required for statistical analysis and modelling, risk
management, model calibration, and derivatives pricing in the
                                                                           Bachelor of Finance with a major in Quantitative Finance
financial market.

Students develop competency in both the theory and                          Year    Semester 1                         Semester 2
the implementation.                                                         1       Microeconomics 1                   Macroeconomics 1
                                                                                    Foundations of Finance             Corporate Finance
The analytic skills obtained are highly beneficial for a career in a
                                                                                    Quantitative Research              Mathematical Foundations for
hedge fund, funds management, derivatives trading and sales, risk
                                                                                    Methods                            Actuarial Studies
management or consulting.
                                                                                    Business Reporting & Analysis      University elective
This major requires the completion of eight compulsory courses:             2       Investments                        Derivatives
    –– Corporate Finance                                                            Introductory Mathematical          Introduction to Stochastic Processes
    –– Derivatives                                                                  Statistics                         Finance core course*                          Thomas Deighton
    –– Investments                                                                  Regression Modelling               University elective
    –– Continuous Time Finance                                                      Microeconomics 2                                                                 Bachelor of Finance/Asian
    –– Advanced Derivatives Pricing & Applications                          3       Continuous Time Finance            Advanced Derivatives Pricing &                Studies
                                                                                    College elective                   Applications
    –– Introductory Mathematical Statistics
    –– Regression Modelling                                                         2 x university electives           3 x university electives                      Internship
    –– Introduction to Stochastic Processes.                                                                                                                         National Australia Bank,
                                                                           * The Finance core course must be chosen from Foundations of Economic &
                                                                                                                                                                     Singapore
                                                                           Financial Models, Marketing for Financial Services or Financial Mathematics.

28    ANU College of Business & Economics                                                                                                                     Photo: Holly Treadaway                                                                                                       2019 Undergraduate Guide       29
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