- Overview
- Learning outcomes
- Program delivery and structure
BP251 - Bachelor of Business (Economics and Finance)
Plan: BP251 - Bachelor of Business (Economics and Finance)
Campus: City Campus
Program delivery and structure
Approach to learning and assessmentWork integrated learningProgram structureProgram transition planApproach to learning and assessment
Over the duration of the program you will experience a variety of approaches to teaching and learning. The approaches used in each course will be appropriate to the core curriculum areas and graduate capabilities it is designed to develop, and to assist you in developing skills appropriate to a graduate in Economics and Finance and as an independent and lifelong learner.
The major styles of teaching and learning you will experience throughout your program will include:
Classroom teaching: utilises a range of teaching and learning techniques including lectures, guest lectures, class presentations, group discussion and student-led discussion. This style of learning is designed to maximise your understanding of the curriculum content and skills. It is designed to provide an environment where you can ask questions and seek feedback as well as contribute to class discussion.
Problem-based learning: you may be in a small practice group or team, or work individually to apply knowledge to solve problems and examine case studies. This technique is designed to simulate the experiences you will encounter working in the discipline areas of economics and finance.
Assignments and projects: these may be either research or problem based, and may be undertaken in teams or individually. They will provide you with experience at undertaking research and to write effectively and to present your findings and advice to a range of audiences; and may also require you to provide oral presentations.
Assignments and projects are also designed to provide a way to receive feedback on your skills development and be able to utilise this feedback to improve your skills and further develop your capabilities in the relevant area.
Flexible delivery: The program will incorporate extensive use of online teaching resources in the provision of support resources to you, and for accessing research sites of relevance to the course content. The University’s distributed learning system (DLS), Canvas, will be used for:
Learning resources: such as lecture notes and presentation slides which can be used as either preparation or revision materials
Assessment and Feedback Tools: A range of assessment tools will be provided online to assist with course content and to produce immediate feedback. Discussion boards will be used as a forum to discuss and analyse readings, theories, events etc. Quizzes will be used for formative assessment and self-tests, incorporating a range of designs and feedback options.
Assessment
Assessment is designed to provide you with opportunities to demonstrate the extent to which you have developed your capabilities and achieved specified learning outcomes in a given area. Methods of assessment will vary between courses, as it is appropriate to the objectives, learning outcomes and capabilities to be developed in each course.
Assessment may take the form of:
- Formal examinations: which provide you with the opportunity to demonstrate your understanding and application of fundamental Economic and Finance principles to either practical or theoretical issues;
- Assignments: case studies and projects: may be completed individually or in teams. They will provide you opportunities to develop your abilities in communications, research and reasoning, and problem solving;
- Research projects; which assess your ability to fixate, assimilate, analyse and critically reflect on information;
- In-class tests: provide you with feedback on your early understanding within a course and allow feedback to assist you in further developing your skills and abilities;
- Presentations: which provide you opportunities to develop your research, reasoning and oral communication skills.
If you have a long term medical condition, disability and/or other form of disadvantage it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program coordinator or the Equitable Learning Services if you would like to find out more.
If you have already developed areas of skill and knowledge included in this program (for example, through prior studies or work experience), you can apply for credit once you have enrolled in this program. There is information on the RMIT University website about how to apply for Recognition of Prior Learning (RPL) www.rmit.edu.au/students/enrolment/credit/he
For more information on assessment, refer to the RMIT Assessment Processes policy.
Top of pageWork integrated learning
As a student enrolled in this RMIT University program you will be provided with an education that strongly links formal learning with professional or vocational practice. The designated Work Integrated Learning (WIL) courses in this program are BAFI1042 Equity Investment and Portfolio Management (12 credit points) and ECON1061 Forecasting and Quantitative Analysis (12 credit points).
These courses will provide you with opportunities to apply your academic skills to a work-based context.
In particular you will:
- undertake and be assessed on structured activities that allow you to learn, apply and demonstrate your professional or vocational practice; and
- be involved in authentic engagement with partner organisations that includes industry feedback.
These learning opportunities may be in the form of industry based projects, simulations or placements.
RMIT Trading Facility
In addition, you will simulate trading in money and foreign exchange markets using the RMIT Trading Facility, the only one of its type in Australia and one of the largest tertiary-based facilities in the world. You will trade with a live market data feed from Thomson Reuters, and experience first-hand what professionals in the world’s leading banks and investment firms do with the same tools and information to analyse news, data and conduct market research.
Top of pageProgram Structure
| To graduate you must complete the following: All courses listed may not be available each semester | ||||||||||||||||||||||||||||||||||||
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Year One of Program |
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| Complete the following Eight (8) Core Courses: | ||||||||||||||||||||||||||||||||||||
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Year Two of Program |
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| Complete the following Six (6) Courses: | ||||||||||||||||||||||||||||||||||||
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| Select and Complete Two (2) Courses from a Business Discipline or Other Discipline Minor: | ||||||||||||||||||||||||||||||||||||
| Business Discipline Minors | ||||||||||||||||||||||||||||||||||||
| Other Discipline Minors | ||||||||||||||||||||||||||||||||||||
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| Select and Complete Two (2) Courses from: | ||||||||||||||||||||||||||||||||||||
| University Elective | ||||||||||||||||||||||||||||||||||||
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Year Three of Program |
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| Complete the following Six (6) Courses from the Economics and Finance specialisation: | ||||||||||||||||||||||||||||||||||||
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| Select and Complete Two (2) Courses from a Business Discipline or Other Discipline Minor: | ||||||||||||||||||||||||||||||||||||
| Business Discipline Minors | ||||||||||||||||||||||||||||||||||||
| Other Discipline Minors | ||||||||||||||||||||||||||||||||||||
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| Select and Complete Two (2) Courses from: | ||||||||||||||||||||||||||||||||||||
| University Elective | ||||||||||||||||||||||||||||||||||||
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Program transition plan
The BP251 Bachelor of Business (Economics and Finance) program will be formally discontinued from Semester 2, 2022, and the final intake for admission into the BP251 Bachelor of Business (Economics and Finance) program will be Semester 1, 2022. The program will be taught out to current students until Semester 2, 2030. If you anticipate that you will successfully complete this program by the end of 2021, these changes do not apply to you.
Current students who will not finish the program by the end of 2021 have the option to either:
Option 1 - Remain in your current program
Recommended for students in the second or third year of your current program.
If you remain in your current program, you must complete the program by the end of Semester 2, 2030.
Please refer to the course teach-out schedule for your current program which will be provided to your RMIT student email to help you plan your enrolment.
If you commenced the program before Semester 1 2022, please refer to the following transition rules:
If you have completed LAW2442 Commercial Law, you do not need to complete LAW2442 Business Law, as this is a course title change only.
If you have completed BAFI1002 Financial Markets, you do not need to complete BAFI1002 Financial Markets and Institutions, as this is a course title change only.
If you have completed ECON1042 Macroeconomics 2, you do not need to complete ECON1042 Macroeconomics for Decision Making, as this is a course title change only.
If you have completed BAFI1008 Business Finance, you do not need to complete BAFI1008 Corporate Finance, as this is a course title change only.
If you have completed ECON1061 Quantitative Analysis, you do not need to complete ECON1061 Forecasting and Quantitative Analysis, as this is a course title change only.
If you have completed ECON1048 Price Theory, you do not need to complete ECON1048 Managerial and Business Economics, as this is a course title change only.
If you have completed BAFI1026 Risk Management, you do not need to complete BAFI1026 Derivatives and Risk Management, as this is a course title change only.
If you have completed ECON1086 International Trade, you do not need to complete ECON1086 Business in the Globalised Economy, as this is a course title change only.
If you have completed BAFI1042 Investment, you do not need to complete BAFI1042 Equity Investment and Portfolio Management, as this is a course title change only.
If you have completed ECON1082 International Monetary Economics, you are not required to complete ECON1586 Diverse Perspectives on the World Economy, which is a replacement course.
If you have completed LAW2457 Law of Investments and Financial Markets, you are not required to complete LAW2450 Company and Finance Law, which is a replacement course.
Option 2 - Transfer to the BP343 Bachelor of Business or any other available RMIT program
Recommended for students in the first year of your current program.
The equivalent major in the new program to your existing degree are Economics or Finance. Note: entry will be subject to maintaining satisfactory academic progress.
To transfer into the BP343 Bachelor of Business, please refer to the following steps:
Domestic Students
1. Log into myRMIT
2. Under 'Launch Applications', select 'Apply for a Program'
Please also note, in line with government changes, all RMIT program and course fees have increased from 1 January 2021. For a detailed explanation about these changes, please visit the RMIT Fees for Commonwealth supported students page. You are welcome to contact RMIT Student Connect if you have any further queries regarding this change as the fee increase will apply to you if you decide to transfer into the new program.
International Students
Apply to change your program via the online application system. More information on how to apply.
If you are eligible for a transfer, a new offer letter will be issued to you, and you will be required to accept your new offer to finalise your transfer and receive a new CoE for your student visa.
If you have been awarded sponsorship or scholarship, you will be required to obtain a new letter of approval (i.e. Financial Guarantee) from your sponsor before you are eligible to be accepted into the new program, receive a new CoE or enrol.
Information for all students
Credit will be assessed on an individual basis and where possible, credit will be granted with grades (including fail grades). Note: you will not be required to submit any supporting documentation in your application (i.e., transcripts, qualifications).
If you have any queries or concerns about your enrolment, please do not hesitate to contact Business Connect who will be able to assist you in planning your studies.
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