Why study the Bachelors of Mathematics/Economics

The dual four-year program provides students with a focused background in economic theories and principles, along with the in-depth knowledge of a mathematics degree. In the Economics component, available study areas include: business economics; economic policy; economic history; econometrics; environmental and resource economics; financial markets; labour economics; health economics; international trade and development; macroeconomics; and microeconomics.

In the Mathematics component you will choose to develop a comprehensive specialised knowledge in one field of mathematics or a high level of sophistication in the applications of mathematics. Modern computation, advances in scientific technology and the increasing production of data have all increased the scope for applications of mathematics well beyond the traditional areas of engineering and the physical sciences, to include fields such as finance, economics, information technology and molecular biology. There is increasing recognition that graduates with high-level quantitative and analytic skills will play a key role at the forefront of new developments in these and other fields.

Summary

Entry requirements

Prerequisites

Year 12 or equivalent English and Mathematics B.

Program structure

The Bachelors of Mathematics/Economics is made up of two course lists:

Each course is allocated a certain number of units (#). A standard full-time study load is 8 units per semester.

The Bachelors of Mathematics/Economics has a single set of Program Rules, which explain what is required to complete the dual program. These requirements include the total number of units you need to complete in order to graduate.

If you decide to enrol in a dual program, you can use a Dual Degree Planner to help organise your studies.

To have your degree conferred, you also need to comply with UQ’s policies and rules.

Professional memberships

Graduates may be eligible for membership with the following professional bodies:

  • Australian Computer Society
  • Australian Human Resources Institute
  • Australasian Institute of Banking and Finance
  • Australian Institute of Management
  • Australian Marketing Institute
  • Economic Society of Australia
  • Market Research Society of Australia
  • Securities Institute of Australia

Concurrent diplomas

A concurrent diploma is a diploma-level qualification (AQF 5) that you can study alongside your bachelor's program.

All diplomas are made up of 16 units. You can spread these units across the duration of your bachelor's program, or you can complete these units in an accelerated period.

Concurrent diplomas are available in:

Further study options

Graduates of the Bachelors of Mathematics/Economics have the opportunity to progress into the following programs:

Eligibility for honours is based on your GPA. For details refer to the Program Rules for the honours program.

Courses and Programs

Majors

The following is a list of majors available in the Bachelors of Mathematics/Economics.

When you graduate, any majors, dual majors and extended majors you have completed will be listed on your degree certificate.

Applied Mathematics

The applied mathematics major focuses on the derivation and evaluation of models in the physical, biological and engineering sciences. Advanced techniques for solving differential equations using advanced mathematics are studied in the second and third year of the major. Computation plays an increasingly large role in the solution of problems in applied mathematics, and the algorithms and ideas which allow their efficient solution form an important part of the field. Courses in the major provide students with the skills to implement and develop these methods.

More information about the Applied Mathematics Major.

Business and Industry

This major concentrates on economic decision making in the business sector. It covers issues such as managerial economics, industrial and labour economics, the regulatory environment and benefit/cost analysis techniques. Students develop critical skills and understanding applicable to businesses across all sectors and industries.

Businesses and industries participating in the rapid pace of international economic integration constantly seek to improve their competitiveness and efficiency. Graduates will be equipped to play a central role in any business-oriented enterprise.

Data Analytics and Operations Research

Data analytics and operations research are rapidly growing disciplines that use a range of mathematical, statistical and computational approaches to extract information and make decisions in areas from pure science research to applied business management.

This major will provide students with skills in analysing large and complex data sets and making effective decisions using optimisation techniques.

More information about the Data Analytics and Operations Research Major.

Economics and Public Policy

The economics and public policy major is an economics-centred, multidisciplinary major, designed to provide students with an opportunity to understand how government intervention affects the economy in an increasingly globalised world. The major focuses on the economic analytical tools needed to design and evaluate public policies. Core courses in public finance and regulatory economics emphasise the rationale for government intervention and the theoretical framework that underpins the nature of such intervention. Elective courses include advanced microeconomics, macroeconomics, applied econometrics and a range of policy oriented courses. The major also provides students with the necessary multidisciplinary approaches to deal with public policy problems, including elective courses in political sciences.

International Trade and Finance

This major focuses on the economics and financial systems, mechanisms and emerging issues in an increasingly globalised economy. The key factors and impacts associated with this international phenomenon are studied, along with the management and policy responses of governments and business. Students develop an understanding of the complex nature of economics in the international environment and its close relationship with financial management firms.

Mathematical Physics

The field of mathematical physics focuses on the mathematical foundations of modern physical theories. It provides the mathematical understanding and tools underpinning a broad range of contemporary science including statistical mechanics, relativity and the quantum theory of many body systems.

Students who undertake a major in mathematical physics will gain the mathematical background required to understand and describe nature at its most fundamental levels. The major will not only prepare students for research in mathematical physics and related disciplines; it will foster creativity and develop high-level skills in critical and analytical thinking, paramount in problem solving.

More information about the Mathematical Physics Major.

Natural Resources and Environment

With the growing awareness at the international, regional, national and local levels of the ecological and economic importance of our diverse natural resources, effective and efficient use of these assets is a significant social and political issue. This major provides the tools of economic analysis for application to problems associated with the allocation of renewable and non-renewable natural resources, including fish/marine; forests; agricultural and recreational land; river systems; local and global environments; energy and minerals.

Students who complete this specialisation will have gained the analytical abilities to apply to challenges facing business, government and the community at large and the understanding of the key issues and trade-offs we face in a world of increasing competition, globalisation and natural resource depletion.

Pure Mathematics

The pure mathematics major develops foundations and theory in a broad range of mathematical fields. Students study mathematical concepts in terms of their intrinsic nature and fundamental properties, gaining an appreciation of the ubiquity, universality and beauty of mathematics.

Courses in the major develop high-level skills in critical, analytical and abstract thinking, and provide frameworks for deeper understanding of other areas of mathematics such as applied mathematics, mathematical physics and statistics. The major offers the opportunity to acquire a solid grounding in the key areas of pure mathematics, as well to undertake focused study in advanced courses. Our pure mathematics courses cover areas such as algebra, analysis, combinatorics, geometry, number theory and topology.

More information about the Pure Mathematics Major.

Quantitative Methods

With a strong mathematical and modelling focus, students are provided with the critical scientific techniques to successfully measure, analyse, project and model a diverse set of economic factors and scenarios. Graduates are equipped to facilitate better management decision-making, by providing economic analysis that is scientifically-based, verifiable and objective.

You can select courses in the areas of econometrics, benefit/cost analysis, advanced mathematical economics, business and economic decision techniques, and experimental economics.

Statistics

Statistics provides the mathematics and techniques necessary for understanding and dealing with chance and uncertainty. It involves the design, collection, analysis and interpretation of data, with the aim of extracting patterns and other useful relationships. A key feature of statistics is the development and use of probabilistic models for random phenomena, which can be analysed and used to make predictions and decisions.

More information about the Statistics Major.

Sometimes dual programs will have different majors to the ones listed on course lists, or on individual program pages for each of its component degrees.

You should refer to the Program Rules for more information. Full definitions of majors are available in the Policies and Procedures Library.

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