Business School

Choosing your Major

 

Further information

Course enquiries

Undergraduate Student Centre
UWA Business School
Tel: +61 8 6488 2780
ask.uwa.edu.au

 

Undergraduate unit information

 

The UWA Business School offers majors in all the traditional areas of business and economics.

A business major will develop your analytical, communication and problem solving skills, in addition to equipping you with subject specific knowledge. By including business in whichever degree you choose to study, you will add to your skill base and open up an exciting new range of career options. You can choose to study:

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  1. Accounting
  2. Economics
  3. Finance
  4. Human Resource Management
  5. Management
  6. Marketing
  7. Work and Employment Relations

 

In addition, students hoping to gain entry to the Juris Doctor, to qualify as a lawyer, may benefit from the study of the Business Law major. The Business Law major is taught through the Law School.

 

Accounting

Calculator and glassesDo you have strong analytical, problem solving and communication skills? Do you enjoy working with both people and money?

Studying Accounting will allow you to analyse complex information and provide financial advice to individuals and organisations. You will understand the principles of financial accounting reports; analyse accounting information to evaluate and form a judgement about business performance; prepare optimal resource allocation within an organisation; and effectively communicate the results of financial findings.

These skills will allow you to monitor and guide business operations to enable managers to gain an accurate and up-to-date picture of the financial health of their organisations.

Accounting graduates are employed in jobs such as auditors, finance managers, forensic accountants, investment analysts, and taxation agents.

More information on the requirements to complete this major is available in the University Handbook.

Specialist focus areas

Within the Accounting major, in addition to a flexible choice of level two and three units, there are two specialist focus areas: Financial Accounting and Management Accounting.

Financial Accounting

Financial Accounting will provide you with an understanding of how to prepare financial accounting reports, develop your skills in using accounting information for problem solving and decision making, and develop your awareness of key issues in related professional disciplines such as taxation, auditing and management services. If you wish to focus your studies in this area, you may choose units such as ACCT3322 Auditing, ACCT3321 Financial Accounting: Theory and Practice, and ACCT3302 Financial Statement Analysis.

Management Accounting

Management Accounting focuses on the effective allocation of resources within an organisation. It will give you an understanding of how much various activities cost and the profit margin derived from each product or service provided. It is also concerned with performance evaluation and development and has close links with disciplines such as organisational behaviour, marketing, and economics. Units with a strong focus on Management Accounting include ACCT3202 Advanced Corporate Accounting, ACCT3203 Contemporary Managerial Accounting, ACCT3206 Performance Measurement and Evaluation, and ACCT3323 Strategic Management Accounting.

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Economics

Finance chartAre you interested in the big picture, and how governments and organisations can best plan for the future?

Economics is a broad discipline which focuses around one overarching question: how can resources be allocated in the best possible way? Within this scope, you will study topics such as trade and the competitive structure of markets, the forces that influence long-term economic growth, inflation, unemployment and the balance of payments.

Economics graduates are employed in role such as applied industry economists, econometricians, environmental economists, financial economists, investment analysts, and resource economists.

Economics can be studied as a single or double major. The Economics double major is only available within the Bachelor of Commerce or Bachelor of Philosophy (Honours) and it is not possible to study a second major alongside the Economics double major. More information on the requirements to complete the single major or double major is available on the University Handbook

Specialist focus areas

Within Economics, in addition to a flexible choice of level two and three units, there are five specialist focus areas: Applied Economics, International Business Economics, Money and Banking, Policy Economics and Quantitative Economics.

Applied Economics

The Applied Economics focus area is designed for students who would like to be a ‘practitioner’ of economics in either the private or public workforce. It therefore gives you the analytical and research skills necessary to evaluate the effects of economic and social policies across a broad range of areas. For example, Applied Economics would prove useful to anyone wishing to work in the field of development economics – understanding why many countries around the world today remain poor but also, more importantly, giving you the tools to analyse specific development problems, and to develop economic solutions to some of these problems.

Applied Economics is not restricted purely to public policy. In the private sector, for example, firms often want to know more about the relationship between the price they charge for their product, and their customers’ demand for it. What would happen to the money they will earn if they raised the price of it? As an applied economist, you will be able to gather data on this relationship, interpret it for your firm, and develop answers to these (and many other) business-related issues.If you are interested in Applied Economics, you might be interested in units such as  ECON3395 Economic Policy.

International Business Economics

International Business Economics introduces students to basic concepts of financial management, international trade and trade policy, international financial markets, global macroeconomic analysis and decision-making processes within firms. If you are interested in International Business Economics, you might study units such as ECON3203 Asia in the World Economy, ECON3236 International Finance, and ECON3235 International Trade.

Money and Banking

Money and Banking provides an introduction to banking, the Australian financial system, international financial markets and the macroeconomic environment in which financial markets operate. Topics covered include recent developments in monetary theory, bank risk management, bank performance analysis, derivative security markets and the international monetary system and foreign exchange markets.

If you are interested in Money and Banking, you might choose to study units such as ECON3210 Monetary Economics and ECON3350 Money, Banking and Financial Markets.

Policy Economics

Public policy is broadly about two things: firstly, making choices over how scarce tax revenues are going to be allocated among thousands of competing claims; and secondly, changing people’s behaviour by changing their incentives. For example, if the government wanted to raise the country’s birth rate, what might it do? Perhaps provide parents with a $5,000 ‘baby bonus’ for every child they have! Want to reduce the country’s use of greenhouse gases? Raise the price of petrol and coal-generated electricity. Or maybe the government is wondering whether it should build a new hospital, or instead spend that money on improving public transport facilities.

Most government departments, both federal and state, rely heavily on economists to analyse the economic causes and consequences of implementing public policies. If this specialist focus area interests you, you might choose to study units such as ECON3395 Economic Policy and ECON3310 History of Economic ideas.

Quantitative Economics

Quantitative Economics provides students with the specialist mathematical and econometric skills widely used in both economic research and the application of economic principles to real-world problems. Topics covered are a selection from matrix algebra, calculus, optimisation, statistics and econometrics.

Particular emphasis is placed on the use made of mathematics in economic analysis and the role played by econometrics in the measurement of economic relationships and forecasting. Students with an interest in Quantitative Economics might choose to study units such as ECON3372 Advanced Mathematics for Economists, ECON3371 Econometrics, and ECON3272 Intermediate Mathematics for Economists.

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Finance

Piggy bankA major in Finance will teach you about the financing and managing of financial resources – how do managers make financial decisions, where do companies get their financing from, how do investors decide how they should invest, and what are the risks and rewards associated with differing financial choices?

Finance will teach you to understand the principles of financial accounting reports; analyse accounting information to evaluate and form a judgement about business performance; prepare optimal resource allocation within an organisation; and effectively communicate the results of financial findings.

Finance graduates are employed in roles such as financial economists, financial planners, insurance brokers, investment bankers, and stockbrokers.

More information on the requirements to complete this major is available in the University Handbook.

CFA recognition

UWA's Finance major has been accepted into the CFA Institute University Recognition Program. This status is granted to institutions whose degree program(s) incorporate at least 70% of the CFA Program Candidate Body of Knowledge (CBOK).  If you wish to be as well prepared as possible for sitting the CFA exams, you should take as many of the following units as fits within your study plan.

The following units embed at least 70% of the CFA Program Candidate Body of Knowledge™: ACCT1101 Financial Accounting; ACCT2331 Taxation; ECON1101 Microeconomics: Prices and Markets; ECON1102 Macroeconomics: Money and Finance; STAT1520 Economic and Business Statistics; ECON3236 International Finance; MGMT1135 Organisational Behaviour; FINA1221 Introduction to Finance; FINA2222 Corporate Financial Policy; FINA2204 Derivative Products and Markets; FINA2205 Quantitative Methods for Finance; FINA2207 Business Analysis and Valuation; FINA2209 Financial Planning; FINA3306 Derivative Strategies and Pricing; FINA3307 Trading in Securities Markets; FINA3324 Investment Analysis; FINA3326 Applied Financial Management.

Specialist focus areas

Within the Finance major, in addition to a flexible choice of level two and three units, there are two specialist focus areas: Corporate Finance and Investment Finance.

Corporate Finance

Corporate Finance builds the basic foundations of finance from the perspective of a company. For instance, the key decisions that a chief financial officer has to make include the appropriate mix of equity and debt to finance a firm’s projects, identifying the optimal dividend pay-out policy and choosing amongst various business projects.

Corporate Finance provides an analytical framework for identifying and evaluating the requisite information to make optimal decisions, and is useful for students hoping to find employment in banks, corporations and financial institutions as financial consultants, merchant bankers, credit managers, financial analysts and fund managers and in businesses as financial consultants, advisers and managers.

Units with a focus on Corporate Finance include FINA3326 Applied Financial Management, FINA2207 Business Analysis and Valuation, FINA2222 Corporate Financial Policy, and ECON3236 International Finance.

Investment Finance

Investment Finance will help you make informed choices in building an investment portfolio. The focus area develops skills in portfolio allocation, investment appraisal and the use of financial instruments such as options and futures. Strategies for hedging and capital management are also explained. A moderate level of mathematics and statistics is involved.

Units with a focus in this area include FINA2204 Derivative Products and Markets, FINA3306 Derivative Strategies and Pricing, FINA3324 Investment Analysis, and FINA3307 Trading in Securities Markets.

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Human Resource Management

Happy business peopleHuman Resource Management brings together studies in management and psychology as you learn to develop a strategic approach to recruiting, training, and developing an organisation’s most important asset: its people.

This major provides you with a thorough theoretical and practical grounding in the management of people and employment in Australia and overseas. You will study topics such as organisational behaviour, employment relations systems and processes, human resource planning, recruitment and selection, performance management, training and development, occupational health and safety, work organisation, negotiation, and conflict resolution.

Human Resource Management graduates are employed in roles such as human resources officers, recruitment consultants, equality and diversity officers, and training and development officers.

More information on the requirements to complete this major is available in the University Handbook.

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Management

Business woman drawing chartManagement is the backbone of any organisation, providing operational, staffing and resourcing expertise that can be applied anywhere, anytime.

The Management major provides you with a comprehensive understanding of managing organisations effectively within different economic, social and political contexts. You will have the opportunity to develop conceptual and practical skills in the areas of organisational behaviour; leadership; operations and project management; information systems management; learning and innovation; management in local and international environments; small business management; entrepreneurship; and strategic management.

Management graduates find employment in jobs such as general managers, management consultants, retail managers, and risk managers.

More information on the requirements to complete this major is available in the University Handbook.

Specialist focus areas

Within the Management major, in addition to a flexible choice of level two and three units, there are three specialist focus areas: Managing International Business, Managing Operations and Business Processes and Managing Organisations. 

Managing International Business

Managing International Business prepares students for a career in global business. With a focus on the Asia Pacific region, this specialist area looks at both the theory and practical considerations of conducting business around the world – from acknowledging cultural differences, through to the logistical aspects of managing a geographically dispersed workforce.

Units with a focus in this area include MGMT3304 Applied International Business Strategy and MGMT2341 International Management.

Managing Operations and Business Processes

Modern businesses use a wealth of information, from economic forecasting and logistical statistics, through to market research and consumer feedback. The Managing Operations and Business Processes focus area will provide you with the skills and knowledge to interpret and act on a range of complex information.

Units of study include MGMT3335 Enterprise Systems, HRMT2237 Human Resource Management, and MGMT3308 Supply Chain Management.

Managing Organisations

Managing organisations requires a broad range of skills, and this specialist area equips students accordingly, with units focusing on leadership, strategy, negotiation, and entrepreneurship.

You can choose to study units including MGMT3342 Entrepreneurship, MGMT3302 Leadership and Performance, MGMT3346 Managing Organisational Change, EMPL3270 Negotiation: Theory and Practice, MGMT2311 Organisational Learning and Innovation, and MGMT3347 Strategic Management.

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Marketing

Facebook buttonDo you have good communication and interpersonal skills? Do you enjoy using your creativity and imagination?

Marketing examines why customers choose certain products and brands, and what influences these decisions. You will learn about consumer behaviour, product and services marketing, branding, not-for-profit and social marketing, digital marketing, ethical consumer practices, marketing research, and project and channel management.

You will also consider how a focus on customer needs ensures the continued growth in demand for an organisation’s outputs in a globally competitive environment. Practical projects you will undertake may include developing marketing plans, implementing advertising campaigns, or conducting and interpreting interviews with customers.

Marketing graduates are employed in roles such as advertising account executives, brand managers, events co-ordinators, market research analysts, public relations officers, and sales managers.

More information on the requirements to complete this major is available in the University Handbook.

Specialist focus area

Within the Marketing major, in addition to a flexible choice of level two and three units, there is one specialist focus area: Entrepreneurship and Innovation.

Entrepreneurship and Innovation (E&I)

Entrepreneurship is the practice of starting or revitalising organisations to take advantage of developing opportunities. One of the most creative outlets in the business world, the entrepreneurship and innovation field provides a pathway for those who wish to place themselves at the leading edge. This focus area will give you the skills and perspectives necessary to start new ventures, develop and grow existing businesses or create an entrepreneurial and innovative climate in large organisations.

Units with a focus in Entrepreneurship and Innovation include MGMT3342 Entrepreneurship, MKTG3303 New Product Development and Commercialisation, and MKTG2301 Small Business Management.

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Work and Employment Relations

Jigsaw peopleDo you want to improve the dynamics of workplace relations between employers and employees?

The Work and Employment Relations major focuses on the dynamics of workplace relations between employers and employees as well as the wider impact of employment relations on the economy, society and politics. You will study how work is organised, the way employees are managed, the role of unions, how co-operation and negotiation can be developed, and how conflict can emerge and be managed.

Graduates can find work in positions such as industrial relations officers or trade union research officials. 

More information on the requirements to complete this major is available in the University Handbook.

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