Are you equating the pros and cons of studying a Bachelor of Economics at UTS?
We have all the info you need and more here! Find out all you need to know about uni culture, lectures, careers, societies and more!
Have a read below!
What is a Bachelor of Economics at UTS?
The Bachelor of Economics at UTS gives students an in-depth understanding of fundamental economic principles. This degree complements this knowledge with the option to choose majors across selected business disciplines such as Marketing, Finance, Management, and more.
Areas of economics that students familiarise themselves with include econometrics, macroeconomics and microeconomics with an emphasis on practical policy. Students who love numbers, want a challenge, and want to be ready for a real career in economics will really benefit from studying economics at UTS!
Can this degree be studied as a double degree?
Yes, the Bachelor of Economics can be combined with a Bachelor of Laws at UTS! This means the double degree will take 5 years to complete, however, students will emerge with two qualifications.
The combination of Laws with Economics is a leg up in the field, as having expertise in both areas of Law and Economics creates a well rounded and knowledgeable individual. This dual degree is excellent for analytical thinkers who want to give themselves a challenge!
This degree is available to be studied as Honours with an additional year of study for eligible students! Typically the average mark students need to sit at to gain admission to Honours at UTS is a credit.
To read more about the Honours program, check out the handbook here!
The Bachelor of Economics at UTS presents students with a wide variety of career options. Could you be the next political Economic Analyst? Or maybe an Economic policy designer (whose role is working closely with institutions such as the Government or even within Financial Institutions)?
Becoming an Economist in any shape or form, will allow you to flex your analytical and even creative mental muscles!
Studying Economics at Other Universities
UTS isn’t the only university that offers Economics as an undergraduate degree and selecting a uni to study at isn’t a decision you make on a whim. If you’re thinking about which uni will best suit your needs, you can check out what it’s like studying Economics at USYD or UNSW!
Core Units and Majors
What are the Core Units?
The core units delivered through the Bachelor of Economics at UTS, makes the degree unique to economics degrees offered at other universities! There’s a lot of theory within this degree.
Students learn how to practically apply theory, getting them ready for their careers outside the classroom. Some of the core units within the Economics degree at UTS include:
Principles of Microeconomics – This first-year subject gets students thinking about the economic problem of choice under different constraints. It introduces concepts such as consumer choice and firm decision making in competitive and non-competitive settings.
Market Design – This innovative unit shows UTS’ prowess and perspective. Traditionally, economists study existing markets, but this class introduces students to the idea of economists involved in the marketing design process!
More info on the core units that can be decided upon can be found in the Economics handbook here.
There are many different majors that can be chosen for the Bachelor of Economics and there’s more than one route to completing this degree.
- Decide on one major;
- Pick two sub-majors or;
- Have one sub-major and leave room for more electives.
You’ll be able to choose from the following majors:
|Economics||Economics as a major is broad in that it explores all facets of economics. Students can dip their toes into all areas of the major and gain a well-rounded knowledge.|
|Human Resource Management||This major explores the various legal issues that can impact the business sector.|
|Information Technology||Introduces students to all things cyber, such as database design and implementation, cybersecurity and system testing and quality management!|
|Management||Combines both creative and critical thinking, as UTS aims to create managers who are responsible, respectful and resourceful. It also helps students develop attributes that help them shine in the workforce.|
|Finance||Provides students with the tools they need to have a wealth of understanding in the finance sector.|
|Marketing||Helps students understand the theory of marketing as well as the ability to apply practical aspects of this subject when out of university. Essential skills and strategies are learned to become well-rounded marketers.|
|Advertising and Marketing Communications||Provides both a knowledge of the advertising industry and the need for advertisers to also have marketing know-how! This major helps students build their minds to make strategic and creative projects.|
Are there built-in internships?
Within this degree, there is the option for students to complete an internship as an elective subject! This unit is called ‘Business Internship’.
UTS tutors and facilitators help students find an internship, and throughout the unit, students also have to do actual coursework. For the internship itself, a set amount of hours need to be worked at an organisation.
If you’re thinking of taking on this unit, it’s ideal to complete it in the second year of study. Check out everything about this elective in the handbook here!
How to Get into A Bachelor of Economics at UTS
To get into a Bachelor of Economics at UTS, you will need to attain an ATAR of 82.
However, if you don’t achieve an 82 ATAR or higher, there is a pathway to get into the degree through UTS Insearch!
UTS Insearch offers diplomas across multiple disciplines – Business is the relevant diploma if you want to get into the Bachelor of Economics! The Insearch program is offered in Accelerated, Standard and Extended modes of study, with variants depending on what students require!
Upon completion of a diploma with Insearch, students can continue onto their second year of study into their desired degree. More info here!
Are there any prerequisites?
There are no prerequisite subjects for the Bachelor of Economics at UTS, but, it is assumed students have completed at least two units of Mathematics and English.
What scholarships are available?
UTS offers scholarships to students with attributes relevant to the scholarships. You can have a look at scholarships offered at UTS by checking out their scholarships brochure here!
What’s the Teaching Format?
UTS follows the semester teaching format. This means that there are two main teaching periods with breaks in-between!
The Bachelor of Economics at UTS is delivered through lectures, tutorials and seminars!
In lectures, you can expect to be surrounded by more than 100 students within an auditorium. For two hours, the lecturer will go through a bunch of powerpoint slides detailing new concepts and ideas relevant to the units in which they specialise.
Tutorials typically occur after the lecture, and you’ll have the chance to discuss in more depth the topics that were covered with a much smaller class size of 25 people. Students have the opportunity to ask questions and work together in their one-hour class.
The other type of class is a seminar, which is a hybrid of a lecture and a tutorial – which goes for 3 hours. These classes have the capacity for less than 100 students, but creates a collaborative environment for theory to be taught.
How often do you need to be on campus?
Generally, each semester students will have four subjects at UTS to study on a full-time load. This means the contact hours on campus for a Bachelor of Economics at UTS are going to be around 12 hours per week, or, three hours per subject!
What are the assessments like?
For a Bachelor of Economics, final exams at the end of the semester are where you will have your highest weighted assessments. These exams usually weigh no less than 50%!
Midterm exams occur for some classes, covering everything learned until halfway of the teaching period.
Some classes have fortnightly online quizzes on the topic covered over those two weeks. Other classes will test your skills and knowledge through assignments such as an economic report or analysis.
Skills That You Refine and Learn
The Bachelor of Economics at UTS is a degree that will get students feeling as though they are prepared and ready to transfer their skills and knowledge from the classroom to the workforce!
UTS prepares students by teaching Computer Program Literacy, making sure students are familiar with the relevant online language, terminologies and programs that are utilised in the industry. Additionally, through case studies and ‘real-life’ type scenarios, students learn the appropriate writing style and analysis for business reports, case studies and more.
Students also gain the ability to utilise quantitative thinking, using theoretical models and towards scenarios and practical applications.
What’s the Faculty and Culture Like?
The Bachelor of Economics at UTS is a part of their Business Faculty – a large faculty that consists of dedicated and passionate staff. The lecturers aren’t all just career lecturers and academics; they also bring expertise and individualised experience to their subjects working as Economists or working at banks.
UTS is located among different buildings within Ultimo! Although UTS physically is separated across Ultimo and there is less of a ‘campus atmosphere’, the vibe and culture don’t come from its location but the societies!
One society relevant to the Bachelor of Economics is the Economics Society, which was founded by interviewee Ben Robinson in early 2019. This society is for everyone who loves and studies Economics and allows budding economists to grow, network, socially gather and enjoy events!
The university also hosts a mentoring program to help students grow and develop within their discipline!
Professional Mentoring Program – This program brings together alumni and professional mentors with UTS students and recent graduates! This program creates a non-committal, relaxed atmosphere for mentees to connect with mentors based on interests, affiliations and aspirations! More on the program here!
Matilda Elliott is a Content Writer at Art of Smart and a Communication graduate with a major in Journalism at Western Sydney University. You can find some of her published work in a range of platforms including SBS World News, The Music Network and within her own creative exploits with her twin sister. Matilda is a lover of listening, helping people to tell their stories, making genuine connections, clowning around in her circus troupe and dancing like no one is watching at live music shows!