Business and Economics 2017
The University of Tasmania is ranked in the top 2% of universities in the world.* In addition, in the last two years we have received more teaching awards than any other Australian university.^ With programs embedded within local and national industries, and additional campuses in Sydney and China, our students gain practical learning and research opportunities recognised around the globe. We help you become who you want to be By keeping pace with, and anticipating changes in business, our University ensures your degree is relevant now and into the future. Business reaches and affects every facet of society. New markets and traditional industries alike need to cope with a changing world. Each will demand people with a firm understanding of the fundamentals, people who can devise and implement new strategies, respond to opportunities and meet the challenges of a changing world. Different roles need different skills. These range from working with people, thinking creatively, marshalling talent, measuring performance and pursuing success. They can be applied to all business endeavours, from creating your own business opportunities, to working within organisations or government to help determine policy, planning and investment. You ll learn from people who are experts in the areas they teach. To ensure their lessons stay relevant, they maintain strong relationships with industry, professional associations, other academics and government. Research keeps us at the forefront of business change. Our researchers undertake quality research in accounting, corporate governance, economics, finance, human resources, management, marketing and tourism. This high-quality new thinking feeds into our teaching and is reflected in our University being ranked in the top 2% in the world in the latest QS World Rankings. * Times Higher Education World University Rankings, 2016. Available at: https://www.timeshighereducation.com/world-university-rankings QS World University Rankings, 2016. Available at http://www.topuniversities.com/university-rankings/university-subject-rankings/2016 Shanghai Ranking Consultancy, 2015 Academic Ranking of World Universities 2015 (ARWU). Available at: https://www.shanghairanking.com/arwu2015.html ^ The Office of Learning and Teaching, Australian Government, 2014, 2015. Available at http://www.olt.gov.au/awards A business degree from our University has real-world application and recognition. 3
Studying Business and Economics Who studies Business and Economics? A degree in business and economics is one of the most sought-after programs at university. It is also one of the most-asked for by employers. All sectors of a modern economy rely on effective management, financial control and administration. A knowledge of business helps round out a CV. A depth of understanding in a particular discipline can take your CV from the list of maybes to the top of the pile. A qualification in business and economics provides an excellent generalist degree for many graduate positions. It can also provide the specialist knowledge to pursue focused careers in areas like accounting, banking and finance, human resources, marketing, systems analysis and more. To study business is to study how to make an organisation successful. As well as understanding the fundamentals of business, you ll develop workplace skills such as critical thinking, strategic analysis and measured decision-making. Economics will give you a detailed knowledge of micro and macroeconomic issues, both national and international. It can also help you understand how strategic decisions are made by individuals, by firms and by governments. with a business or economics degree A business or economics degree will provide a wide range of broad business fundamentals, and also allows you to choose specialist study areas to focus your career direction. Accounting Advertising Auditing and tax consulting Business consulting Business development Central banking Corporate finance Economics Electronic business Human resource management Industrial relations Information systems management Local, state and federal government Marketing and market research Merchant banking Public relations Services marketing Systems analysis Tourism Professional recognition Units and majors offered in the business and economics degrees give you the qualifications you ll need to apply for membership of various professional bodies. To be eligible, you ll need to successfully complete the units endorsed by that body. Membership details can be obtained from the appropriate professional body. Institute of Chartered Accountants in Australia CPA Australia Australian Human Resources Institute Australian Institute of Australian Marketing Institute Chartered Institute of Company Secretaries in Australia Institute of Public Accountants Your study opportunities Different students have different goals. If you simply want to give yourself the best start for a better chance at a great career, a degree is an excellent option. If you want to pursue a passion or want more specialist knowledge and expertise in a chosen field, a combined degree or a degree with honours can give you fascinating career opportunities. Many of our courses also let you add units from different study areas. Degrees: Major and Minor (specialist) studies Studying a particular area of interest can focus your learning, research and communication skills. A single degree takes three years to finish and requires the successful completion of 24 units. Your major area of study represents eight of these units (two introductory, two intermediate, four advanced units). You can complement this knowledge with a linked minor. This is made up of four units (two introductory, two intermediate). Most students select one major (eight units), one minor (four units), degree electives (four introductory units) and six student electives and two breadth units. Combined degrees Combined degrees are pretty much exactly how they sound. A combined degree merges the core requirements of two different degrees. This lets you graduate with the equivalent of two degrees faster than it would take to do two separate degrees. Combined degrees can give you greater depth of knowledge in more than one area. This gives you more career options. If you re academically capable and want to challenge yourself, a combined degree is an ideal way to get the most from your time at university. A degree and a Bachelor of Economics degree can be combined with bachelor degrees in Arts, Information and Communication Technology, Laws or Science. Honours Honours can help you gain deeper knowledge in your specialist area. An additional Honours year can mean you start your career higher up the ladder and progress in your career faster. It can also lead to postgraduate study and a career in research or academia. Alternative entry pathway If you don t have the prerequisites for direct entry into a business or economics degree, an alternative entry pathway helps you get the qualifications you need to get into the course you want. One choice is a Bachelor of General Studies Foundation Year Pathway. Designed for mature age students returning to study, VET graduates or students with a low ATAR, the course gives you achievement at introductory level in at least two degree units. Alternatively, the University Preparation Program (UPP) offers mature age students, or those who did not complete year 11 and 12, the skills critical for success at university across a broad range of subjects. An AQF-recognised Diploma, or an Advanced Diploma in a Business related discipline from an Australian TAFE or other Registered Training Organisation, is another option. It may also mean you re eligible to be considered for advanced standing in a degree. If you have already started a degree at our University, or at an Australian or overseas tertiary institution, you may be eligible for advanced standing in a similar degree. At our University, you can further diversify, and improve your career options, by taking up units in another field of study from another faculty, like Arts, Science and Law. Depending on your chosen course, you may be able to combine learning on and off campus, or study part-time or online. Flexible study options can make it easy to fit study around your work and life commitments. Choose specialist studies to focus your career. Vice-Chancellor s National University Scholarships valued at $18,000 per year, for up to five years of study in any course 4 5
Your study experience The learning experience at the University of Tasmania goes beyond lectures and tutorials. Guest lecturers give you a chance to learn from working professionals from all areas of business, commerce and government. Work integrated learning practices such as corporate internships and mentoring opportunities (in both the public and private sectors) can add greater depth to your studies. Study Abroad In-country programs A range of programs can be completed as part of your studies. Our international exchange program lets you take a semester of study at universities around the world, including partner institutions in Sweden, Germany, Canada, the Netherlands, UK, China and the United States. You can develop your language skills in a native-speaking environment, or undertake cultural or media research (Japan and Indonesia), take part in Buddhist Studies in India, or undertake professional placement opportunities by volunteering in non-government organisations across Asia. Study Abroad Scholarships The University actively encourages you to extend your learning opportunities by undertaking international study exchange. To facilitate this, we offer a range of scholarships and financial assistance. You may be eligible for OS-HELP Loans or scholarship funding to assist with airfares, accommodation and other expenses. Corporate Internship Program Corporate Internship units of study combine academic components and are assessed jointly by the University of Tasmania and a workplace mentor. The units provide students with a workplace learning experience for either one or two days per week. High-achieving students in the second or third year of their studies are offered the opportunity to apply for internships. An internship will provide you with an invaluable opportunity to apply the principles, theories and skills you have acquired into practice. To access this experience, you will undertake a formal competitive processes including, internship application, interview and selection. This system ensures our partner businesses are able to select the most suitable candidate for the internship. Many students who undertake an internship program are able to form beneficial professional relationships which may improve their employment opportunities upon completion of their degree. Additional learning resources We want to help you get the most from your time. You ll be taught by subject matter experts. These are people who are passionate about what they teach. They ll encourage you to share questions and perspectives, inside lectures and outside the classroom. Our team of Faculty Officers is available to discuss your unit choices, degree planning and advanced standing. Dedicated Student Advisers are also available for advice, support and assistance with academic studies or issues affecting your personal well-being or circumstances. We also provide online tutorials to help with your research assignments and develop your skills faster. A business or economics degree is typically a three year, full-time course. We also offer part-time courses, face-to-face, online and distance study options. Scholarships Each year, the University offers more than 900 awards, across all academic areas. The awards are based on merit and equity and reward excellence and improve access for new or continuing students. Application details and selection criteria for each award are clearly noted on our website and within the online application. See: utas.edu.au/scholarships-bursaries My internship was based a lot around social media content generation so it was really good for me to get that from a perspective in the workplace. Seeing an organisation employ their brand day to day and in every aspect was really interesting. Practical experience really shows if it s what you want to do and how you could actually really achieve good results. Georgina Gow Marketing Internship at Tourism Northern Tasmania 6 7
Course information Accounting Taken as a major in the Bachelor of Business. Accountants advise on and manage the financial aspects of a business or organisation. This includes: capital investment, taxation, shareholding, auditing, personal finance and corporate reporting and regulation. You ll need to take a at any of our campuses (in Hobart, Launceston or the Cradle Coast) then major in accounting. Business Three years full-time of TCE (Tasmanian Certificate of Education) or interstate equivalent or General Requirements* February and July Hobart, Launceston, Cradle Coast, Distance 33A Clearly-in ATAR 65 Prepare yourself for the corporate world with this multi-discipline degree. We will teach you the fundamental principles underlying the dynamic professional world of business. Majors Accounting (Hobart, Launceston, Cradle Coast) Business Economics (Hobart) International Logistics (Launceston, Distance) Finance (Hobart, Distance) Human Resource (Hobart, Distance) Information and Communication Technology (Hobart, Launceston^) (Hobart, Launceston) Marketing (Hobart, Launceston, Distance) Tourism (Hobart) (2nd major only) Bridging prerequisite pathway Students who have not successfully completed pre-tertiary maths or an equivalent must complete the courses UPP075 Bridging Maths or BEA109 Introduction to Quantitative Methods before enrolling in the unit BEA140 Quantitative Methods. Administration 1.5 years or 2 years full-time or equivalent part-time Clearly-in ATAR of a TasTAFE diploma or advanced diploma in a business related discipline February and July Hobart, Launceston, Distance 33O N/A This course provides holders of a TAFE diploma or advanced diploma with the opportunity to gain a professional university degree in business administration. It will give you a sound knowledge of the fundamental principles and concepts in a range of key business disciplines such as human resource management, management and marketing. You will learn to apply leading theories to real-world business situations, and demonstrate high-level proficiency in critical thinking, research, and the principles of social responsibility. You will be able to apply in-depth knowledge of foundational and contemporary business management theories, concepts, and practical principles. Majors Human resource management Marketing Human resource management Marketing Additional information Students holding a diploma will complete the degree in two years with one year of advanced standing. Students holding an advanced diploma can complete the degree in 1.5 years with 1.5 years of advanced standing. However, completion time will depend on your choice of major and commencing semester. Business Economics Taken as a major in the Bachelor of Business, this program gives you a practical and flexible framework for understanding and analysing business operations, and gives you the knowledge to be involved in a business strategic decision-making. You ll need to take a in Hobart and then major in Business Economics. Economics Bachelor of Economics This degree will allow you to develop a detailed understanding of economics at both international and national levels. You will learn about how micro and macroeconomic systems are organised and how decisions are made by individuals, businesses, and governments. Majors Economic Analysis Economic Foundations Finance (2nd major only) Three years full-time of TCE (Tasmanian Certificate of Education) including General Mathematics or interstate equivalent or General Requirements* February and July Hobart^ 33E Clearly-in ATAR 65 An Economic Analysis major provides deep learning in the principle areas of economics. You may also study finance as part of our degree (see previous page). In addition, you may wish to consider completing a major from another field of study, e.g. computing. Banking industry State and federal government Consulting firms Economic research Fund management Insurance Market forecasting Statistics Stockbroking The University of Tasmania is Australia s 4th oldest university Professional recognition Students can apply to become special members of the Economics Society of Australia. Students completing a Bachelor of Economics with a Finance major may seek membership of the Australian Institute of Banking and Finance. * General Requirements are briefly outlined in the How to apply section. Visit utas.edu.au/admissions for further details. ^First year only * General Requirements are briefly outlined in the How to apply section. Visit utas.edu.au/admissions for further details. ^Some first year units can be taken in Launceston and Cradle Coast. 8 9
Finance Taken as a major in the or Bachelor of Economics. This program gives you the specialist knowledge in capital markets and financial institutions, investment, financial planning, corporate finance, portfolio management, derivative securities and international finance. You ll need to take a or Economics in Hobart or via distance learning and major in Finance. Bachelor of International Logistics (Freight Forwarding) Three years full-time of TCE (Tasmanian Certificate of Education) or interstate equivalent or General Requirements* February and July Launceston, Distance 23G1 Clearly-in ATAR 65 This degree provides you with knowledge of critical elements of the international logistics industry. The focus of the program is to identify problems and provide solutions for industry in a range of relevant fields such as exporting and importing, customs broking, freight-forwarding, logistics management, global procurement and warehousing. Additional information Alternative entry is available for applicants with a minimum of 2 years appropriate work experience. Areas of study The units you will study give an in-depth focus on the international logistics and freight forwarding industries. Industry-specific units include: Trade and border controls Air, land and sea freight transport Logistics management Global procurement Warehousing management Study and learn essential business fundamentals as well as the opportunity to specialise. Graduates will develop management careers in organisations and government departments involved with international trade, business, freight forwarding, logistics and transport, both in Australia and overseas. Hospitality Administration (Hospitality ) Clearly-in ATAR 1.5 years full-time of a TasTAFE Advanced Diploma of Hospitality, or equivalent November Hobart, Launceston 33G N/A This course provides holders of an Advanced Diploma of Hospitality with the opportunity to gain a professional university degree in hospitality management. At the end of the degree, you will have a sound knowledge of the fundamental principles and concepts of management. You will be able to recognise the value of research, critical thinking and effective communication. Specific professional skills include interpersonal communication, services management, team work, report writing and problem-solving techniques. Hospitality management Human resource management Marketing Professional recognition As a graduate you will be eligible to apply for membership status in the Catering Institute of Australia. Human Resource (HRM) Taken as a major in the Bachelor of Business, this program gives you the skills and knowledge to effectively manage the people side of a business. This includes knowledge of employment relations, strategic HRM, regulations, recruitment, recognition, employment agreements, motivation, organisational design and leadership. You ll need to complete a Bachelor of Business in Hobart or via distance learning and major in Human Resource. Information Communication Technology (ICT) This ICT major, studied alongside the emerging and traditional areas of business, will offer a wide number of employment opportunities. You will look at Data Science, programming, ICT project management and modelling, web programming and software design. There will be two ICT projects to complete in year 3 together with a choice of advanced units. You ll need to complete a in Hobart or Launceston and major in Information and Communication Technology. International Logistics This major in the provides you with a practical and flexible framework for understanding and analysing business operations, and gives you the knowledge to be involved in a businesses strategic decision-making. You ll need to complete a Bachelor of Business at our Launceston campus or via distance learning and major in International Logistics. As a major in the, this general program sets you up for a career in business. You ll gain a broad, relevant range of abilities in areas like human resources, business communication, accounting and finance, leadership, risk management, marketing, management strategy, corporate regulation and logistics. You ll need to complete a Bachelor of Business in Hobart or Launceston and then major in. Marketing Taken as a major in the Bachelor of Business, marketing touches almost every aspect of business strategy and operations. You ll learn product development and planning, pricing strategies, distribution channel management and integrated advertising and marketing communications, to market research and analysis. Options include careers in marketing, advertising, market research and public relations. You ll need to complete a Bachelor of Business in Hobart or Launceston or via distance learning and major in marketing. * General Requirements are briefly outlined in the How to apply section. Visit utas.edu.au/admissions for further details. 10 11
Financial matters Tourism Administration (Tourism ) Clearly-in ATAR 1.5 years full-time of a TasTAFE Advanced Diploma of Tourism or equivalent November Hobart, Launceston 33H N/A Other Business and Degrees If you are interested in studying business, you may also consider looking at the following degrees: Bachelor of Applied Science (Agriculture and Business) K3T Bachelor of Applied Science (Maritime Technology ) J3P (Maritime and Logistics ) J3X When you commence study with the University of Tasmania in a Commonwealth Supported Place (CSP), you must contribute towards the cost of your tuition. The amount you pay depends on which units you study and the payment method you choose. Student contribution amounts and rules To be eligible for a CSP you must be an Australian citizen, a New Zealand citizen or hold a permanent visa. The student contribution is calculated based on the units of study that you enrol in. Each unit is assigned to a band according to the subject area it comes from. The band tells us how much to charge for one equivalent full-time student load (EFTSL), equivalent to 100 credit points, or 100% load. 2016 student contribution by band Band 1 Band 2 Band 3 $6,256* per full-time year (100% load) Nursing* Education* Humanities Social Studies Psychological Science^ Clinical Psychology Foreign Languages Visual & Performing Arts $8,917* per full-time year (100% load) Mathematics* Statistics* Science* Computing Built Environment Other Health Allied Health Engineering Surveying Agriculture $10,440* per full-time year (100% load) Law Accounting Administration Economics Business/Commerce Dentistry Medicine Veterinary Science This course provides holders of an Advanced Diploma of Tourism with the opportunity to gain a professional university degree in tourism management. The degree gives you a sound knowledge of the fundamental principles and concepts of management, a familiarity with significant literature in the field and the ability to review, consolidate, extend and apply the knowledge and techniques to the tourism sector. Most units at the University of Tasmania are 12.5 credit points (0.125 EFTSL), so to calculate the cost of a unit we multiply the contribution amount for that designated band by 0.125. For example, the student contribution amount for a 12.5 credit point Nursing unit of study would be $6256 0.125 =$782. A typical three-year degree is made up of 24 units. HECS-HELP Other costs AMC * The student contribution amounts for mathematics, statistics and science are subject to passage of the Higher Education Support Amendment (Student Contribution Amounts and Other Measure Bill 2012). 1. Education and nursing students who began their course as a Commonwealth supported student before 1 January 2010 may be charged less than the 2016 maximum amount listed above for units in education and nursing. 2. If you are a mathematics, science, education, nursing or midwifery graduate you may be eligible for a HECS-HELP Benefit. You may also study tourism as a second major as part of our degree (see previous page). Graduates will have the knowledge and expertise to work in diverse sectors of the travel and tourism industry such as: Arts, museums and historic sites Destination development Events and convention management Marketing and promotions Parks and wildlife service Sport and recreational development Tour operations Tourism journalism and media Travel agent University of Tasmania: TOP 300 in the World Source: World University Rankings, 2016 The majority of university students across Australia choose to defer their student contribution until after they have commenced in the workforce. You can do this by taking out a HECS-HELP loan. HECS-HELP is available to eligible students enrolled in a CSP. This loan can cover all or part of the student contribution amount. You are eligible for HECS-HELP if you are an Australian citizen or the holder of a permanent humanitarian visa. Under this option, the Commonwealth Government pays the loan amount directly to the University of Tasmania. Then, when your salary reaches the minimum repayment threshold, you will make compulsory repayments through the tax system. To learn more, visit studyassist.gov.au Students are required to pay a student services and amenities fee (SSAF). In 2016, the fee is around $290 for a full-time undergraduate student. Part-time students are charged on a pro-rata of study load undertaken. Students who are unable to pay the fee up-front can defer all or part of the fee through an element of the Higher Education Loan Program, known as SA-HELP. The fee contributes to funding student services such as legal and health services, counselling, and sport and recreation activities. You will also need to cover costs such as textbooks, materials, art supplies or software for your course. These costs can vary from course to course. Accommodation and general living expenses will also vary depending on your chosen living arrangements. To learn more about accommodation options, visit utas.edu.au/ accommodation 12 13
How to apply Quick reference guide Applications should be made directly to the University of Tasmania, depending on your course and when you want to commence. Year 12 applicants For Year 12 students, applications for Semester 1 should be submitted electronically via the University s online application process. The timely application period opens in August and closes in the last week of September. Late applications will be accepted by the University, but some programs that have special requirements will not accept late applications. Changing your preference You can change your original timely application course preferences during the Change of Preference period in December. This allows you to modify your course selection depending on your results from your final examinations. Learn more by visiting utas.edu.au/apply Non-school leaver (mature aged) applicants If you are not a Year 12 student, you apply directly to the University via the online application process. As a non-year 12 student your application will be considered on a broad range of factors, including previous studies, work experience and any extra requirements specified for the course. To meet the General Requirements (GER) into an undergraduate degree, at least one of the following must be completed: Year 12 Certificate IV, diploma or advanced diploma and/or of a University enabling program Personal competency statement demonstrating how work experience or background meets the University s General Requirements Degrees courses DURATION Clearly-in ATAR LOCATION 3 yrs FT or equivalent PT 65 CC, D, H, L Administration Administration (Hospitality ) Administration (Tourism ) 1.5 yrs or 2 yrs FT or equivalent PT N/A D, H, L 1.5 yrs FT or equivalent PT N/A H, L 1.5 yrs FT or equivalent PT N/A H, L Bachelor of Economics 3 yrs FT or equivalent PT 65 H Bachelor of International Logistics (Freight Forwarding) Double Degrees 3 yrs FT or equivalent PT 65 D, L courses DURATION Clearly-in ATAR LOCATION Particular degrees may also require you to sit a Special Tertiary Admissions Test. Visit utas.edu.au/courses or utas.edu.au/apply for further details. / Bachelor of Economics 4 yrs FT or equivalent PT 65 H / Bachelor of ICT 4 yrs FT or equivalent PT 65 H, L / Bachelor of Science 4 yrs FT or equivalent PT 65 H, L Bachelor of Economics / Bachelor of ICT 4 yrs FT or equivalent PT 65 H Bachelor of Economics / Bachelor of Science 4 yrs FT or equivalent PT 65 H Bachelor of Arts / 4 yrs FT or equivalent PT 65 CC, D, H, L Bachelor of Arts / Bachelor of Economics 4 yrs FT or equivalent PT 65 H* / Bachelor of Laws 5 yrs FT or equivalent PT 90 H* Bachelor of Economics / Bachelor of Laws 5 yrs FT or equivalent PT 90 H* Pathways courses Bachelor of General Studies (Business Pathway) University Preparation Program (UPP) DURATION 1 yr FT or equivalent PT 1 yr FT or equivalent PT Key to main campuses: CC Cradle Coast D Distance H Hobart L Launceston To find more information about all University of Tasmania courses, visit utas.edu.au/courses NB as some courses may be split between campuses, please refer to course details above. Availability at each campus may depend on demand. * Some units are available to study at other campuses 14 15
Key Dates 1 August 2016 Applications open 30 September 2016 On-time applications close, 5.00pm Year-round availability One-on-one course advisor appointments OPEN DAYS 7 August 2016 University of Tasmania Open Day Hobart, Launceston, Burnie (TAS) 27 August 2016 University of Tasmania Open Day Darlinghurst (NSW) 28 August 2016 University of Tasmania Open Day Rozelle (NSW) Further information 1300 363 864 utas.edu.au CRICOS Provider Code (University of Tasmania): 00586B The information in this guide does not apply to international students. While the information published in this guide was accurate at the time of publication, the University of Tasmania reserves the right to alter, amend or delete details of course offerings and other information published here. For the most up-to-date information please view our website at utas.edu.au