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Faculty of Economics Handbook 1995

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Faculty of Economics Handbook 1995 The University of Sydney Faculty of Economics Handbook 1995 Editors Greg Patmore Mary Pollard Faculty of Economics Handbook 1995 © The University of Sydney 1994 ISSN 1034-2621 The University of Sydney N.S.W.2006 Telephone (02) 3512222 Facsimile (02) 552 3105 (Faculty of Economics) University of Sydney Helpline: tel. 1800 06 1995 (free call) Set in 10 on 11.5 point Palatino by the Publications Unit, The University of Sydney and printed in Australia by Printing Headquarters, Sydney. Text printed on 80gsm bond, recycled from milk cartons. Message from the Dean iv Introduction V Merewether Building vi 1. Which degree? 1 2. Bachelor of Economics 6 3. Bachelor of Economics (Social Sciences) 17 4. Bachelor of Commerce 27 5. Postgraduate studies 39 6. The Faculty of Economics 41 7. Departments and courses of study 44 Accounting 44 Agricultural Economics 49 Anthropology 52 Computer Science 53 Econometrics 55 Economic History 59 Economics 64 Economics / La w 79 Education 80 Finance 82 Geography 85 Government and Public Adminis tra tion 88 Industrial Relations 96 Interdepartmental courses and programs 99 Marketing 100 School of Philosophy 101 Psychology 105 School of Studies in Religion 107 Social Work and Social Policy 107 8. Other faculty information 114 Enrolment 114 Discontinuation 114 Computer facilities 114 Lecture and seminar rooms 114 Examinations and further tests 115 Restriction upon re-enrolment 116 Prizes and scholarships 117 Societies 119 Libraries 120 Publications 121 Research units 121 Professional organisations 123 Appendix: explanation of symbols 125 Main campus map 127 Honours undergraduate degree programs. The Department has also established a strongpostgraduate and research program. Because the Department has established close links with the commercial marketing and advertising world, Sydney's marketing majors will find many opportunities upon graduation. The year 1994 also marked the beginning of an important new Human Resource Management program within the Department of Industrial Relations. Currently, the Faculty of Economics is planning the establishment of a fourth discipline, Management Science, which we hope will begin as a major in 1996. The Faculty of Economics has some of the best and most advanced computer teaching facilities in Australia. These include the new Bevan Bradbury Postgraduate Facilities which opened in 1994. The year 1995 will see a total re-equipment of the Large Undergraduate Teaching Computer Laboratory—an event which will keep the Facility at the cutting edge of world computer technology. Welcome to the Faculty of Economics! The year 1995 The introduction of new disciplines within the will witness an important event in the evolution of the Faculty has not been at the expense of the traditional Faculty. In 1993 the Faculty admitted its first students offerings in Economics, Accounting, Econometrics, to the new Bachelor of Commerce degree program. Economic History, Industrial Relations, and This year many of these students will complete their Government. In fact, the Faculty is working to increase studies and earn their Bachelor of Commerce degree its emphasis on Asian and European studies within at Pass level. the departments of Government, Economics, and The year 1994 saw the founding of two new Economic History. The Faculty is also working closely departments, Finance and Marketing. The progress in with the Faculty of Arts to ensure that resources in building these new disciplines has been both rapid that Faculty, especially in languages such as Japanese, and substantial. Under the direction of Professor Peter Korean, Chinese, German, French, and Italian, are Swan, the Finance Department has established its available to Economics and Commerce students. Never undergraduate Pass and Honours program and have students had a wider choice of programs. I urge appointed 10 staff members, all of whom are dedicated students to plan courses of study which are scholars and teachers. In addition, the Finance academically challenging as well as rewarding in the Department provides the home for a new research sense of providing a pathway into a productive career. division, the Securities Industry Research Centre of In the Faculty of Economics it is possible for students Asia-Pacific (SIRCA). This organisation, currently to combine career oriented disciplines such as Finance, housed in newly refurbished quarters in the Institute Marketing, Economics or Industrial Relations with Building, has been endowed with a sophisticated and such fields as Asian languages and Asian culture or powerful computer system for research purposes. European languages and European culture. These SIRCA will not only enhance the research productivity combinations will prove both academically of the Finance Department, but will provide funding challenging and provide students with immediate and resources that will create opportunities for research access to the growing global economy. in other departments in the Faculty and also for Fourth If students are uncertain or need advice, I urge Year Honours students and Postgraduate students. them to consult the Faculty Office or the Faculty The path-breaking research emanating from this teaching staff. organisation has put the Sydney University's Finance Department into the front rank of university finance departments in the world. Simultaneously, the Faculty's new Marketing Department, under the leadership of Professor Jordan Louviere, is making excellent progress. This year it will have a distinguished staff of 6. It will also move Stephen Salsbury into refurbished quarters on the lower ground floor of Dean the Institute Building. As in the case of Finance, Marketing has already developed strong Pass and The Faculty of Economics handbook is designed to provide a complete guide to the Faculty and its courses. Undergraduate students should turn immediately to chapters 1 to 4 written with their needs in mind. Prospective postgraduate scholars should find most necessary informationin chapter 5. All students should read the sections later in the handbook devoted to the Faculty of Economics itself and to each of the teaching departments within the Faculty. For further information about the University, see the separate publication University of Sydney Diary which is available free from the Student Centre or from the University of Sydney Union outlets. ONicnma HaHxaManaw Bachelor of Economics, Bachelor of central importance to the academic discipline of Economics (Social Sciences) or Bachelor of economics and to some of the specialised career Commerce? patterns for graduates in economics. Some of you may already have made a firm choice The BEc(SocSc) restricts access to some subjects about which of the Faculty's three degrees is for you; which have a strong professional focus (for example, others may still wonder what the differences are. In full sequences in accounting and commercial law), but Table A includes a wider range of subjects with a both cases you should read the next few pages carefully relevance to the study of society in general, not only to so as either to confirm you in your decision or to help economic aspects. These subjects include psychology, you make up your mind. social anthropology, philosophy and sociology, none In 1993 the Faculty introduced a new degree, the of which is available as a Table A subject in the other Bachelor of Commerce. With it came a new range of two degrees. subjects and courses such as marketing and human On the other hand, subjects available as majors in resource management, and an expanded range of Table A for the BEc but not the BEc(SocSc) include offerings in finance. These courses are also available accounting, econometrics, commercial law and in the BEc. computer science. The Table A subjects in the BCom As you will be aware from reading the Universities direct you to courses in those disciplines that are of Admissions Centre Handbook, there is a quota (STB) particular relevance to the management and conduct limiting the number of students permitted to study of business, such as finance and human resource Accounting IA and IB in each of the three degrees. management. Because these courses are compulsory at first year 4. Table B subjects: in each degree, you can take a level in the BCom, all students enrolling in that degree number of courses from any subject offered in the will come from the STB quota. It is also possible to Faculty of Arts or the Faculty of Science (known as enrol in one of the other two degrees from within this Table B subjects). In the BCom, you may take the quota although, in the case of the BEc(SocSc), you are equivalent of six semester courses from Table B, while restricted to only one year of study in accounting. in the other two degrees you are only allowed to take four, except with special permission from the Faculty. Degree structures The details of the structure of the three degrees are Student interest contained in the succeeding chapters. Each of the The three degrees represent an attempt to cater for degrees has a common core requirement of completing quite different demands by students. Part of the at least two majors, that is three years of study, in difference in demand reflects the ways students subjects central to those degrees. We call these Table perceive their career opportunities as flowing from A subjects, and for each degree there is a separate their studies. This is discussed below. Another reason Table A, as set out in chapters 2, 3, and 4. for different choices is the distinct individual talents In outline the main differences between the three and interests of students. For example, if you have degrees are as follows: been at ease with mathematics at school, you will find 1. The number of courses: the Bachelor of Economics that subjects like econometrics, finance and marketing (BEc) and the Bachelor of Commerce (BCom) require will present you with less difficulty than they would you to complete the equivalent of 22 full semester for students without that facility.
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