Bachelor of Business Detailed Course Requirements The 2016 Monash University Handbook will be available from October 2015. This document contains interim 2016 course requirements information. Course outcomes Course requirements Progression to honours Majors and Minors Accounting Banking and finance Business law Business management Business management and strategy Business statistics Economics and business strategy Health administration Human resource management International business Marketing Marketing and communication Sports management Taxation Tourism Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 1 of 19
This course is designed to provide graduates with high-level skills in a range of key business disciplines. It will provide you with the skills to work in and manage different functions across an organisation. It blends a conceptual theoretical framework with practical applications, providing both a broad basis for business study and the more specific knowledge of your selected major(s). It provides choice and flexibility by allowing you to major in up to two different areas of business, and offering you the opportunity to study overseas or undertake an internship. Graduates will be well equipped to seek employment in both private and public-sector enterprises. At the Peninsula campus the Bachelor of Business is delivered on a problem-based learning (PBL) basis. Students enrolled at Peninsula will be cohort-managed for their PBL units. Course outcomes These course outcomes are aligned with the Australian Qualifications Framework level 7, the Bologna Cycle 1 and Monash Graduate Attributes. Upon successful completion of this course it is expected that you will: be a critical and creative scholar who: produces innovative solutions to problems applies research skills to business challenges communicates effectively and perceptively be a responsible and effective global citizen who: engages in an internationalised world exhibits cross cultural competence demonstrates ethical values demonstrate broad knowledge and technical skills in at least one area of business and be able to provide discipline based solutions relevant to the business, professional and public policy communities that you serve demonstrate a well-developed understanding of multi-disciplinary decision making in organisations via application of knowledge from core business discipline areas from outside your major area of study. Course requirements Students must complete units as specified in Parts A, B and C (144 points): a minimum of 96 points of business study over Part A and Part B, and 48 points of free electives in part C In choosing your units you must ensure that you complete no more than 10 level one units (60 points), and that you complete at least six units (36 points) at level 3 of which at least four (24 points) being Bachelor of Business listed units from the campus of enrolment. The course progression maps will assist you to plan how to meet the course requirements. Units are six points unless otherwise specified. A. Business specified study (48 points) All students complete: ACX1000/ACP1000 Accounting for managers or ACX1100/ACP1100 Introduction to financial accounting BFX1001 Foundations of finance BTF1010/BTP1010 Business law ECF1100/ECP1100 Microeconomics ETF1100/ETP1100 Business statistics Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 2 of 19
MGF1010/MGP1010 Introduction to management MKF1120/MKP1120 Marketing theory and practice BEX3000 Business decision making B. Business listed major (48 points) Complete at least one business listed major from your campus of enrolment. A major requires eight units with no more than 2 units (12 points) at level 1 credited to the major and at least 3 units (18 points) at level 3 credited to the major. Click on the Bachelor of Business listed areas of study (in the table above) for units required for your chosen major. Depending on the major you choose, you may have already studied one of the required units as part of your business specified study. If so, you must complete an additional business unit offered on your campus of enrolment to have at least 96 points from the Faculty of Business and Economics. If you intend to undertake an honours year, you should ensure you complete the specific units required for honours in your chosen major area of study. C. Free elective study (48 points) Elective units may be chosen from units available in the Bachelor of Business course, including units to extend your major or to complete a second major or minor(s). Note that at most two units may contribute towards two majors or a major and a minor. Enrolment in Faculty of Business and Economics units at campuses other than your campus of enrolment is subject to available capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations. Elective units may also be used to sample disciplines from across the University or to complete a major or minor(s) from another course if you have the required prerequisites and there are no restrictions on enrolment into the units. For students in a double degree course, some units required for the other degree are credited as electives towards this Business degree. Progression to honours Students successfully completing the Bachelor of Business may proceed to a one year honours program leading to the Bachelor of Business (Honours). To be eligible to apply for entry into the Bachelor of Business (Honours), students must obtain a distinction grade average (70 percent) or above in relevant level 2 and level 3 units. In addition, some majors require at least four level 3 units in the major and/or particular level 3 elective units to be taken for admission to honours. The details are provided with the requirements for each major to which this applies. Majors and minors Click on the listed area of study for a brief description and the requirements. Bachelor of Business listed area of study and location Major Minor Accounting Caulfield Caulfield Banking and finance Caulfield Caulfield Business law Caulfield Caulfield Business management Caulfield Caulfield Business management and strategy Peninsula Peninsula Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 3 of 19
Business statistics Caulfield Caulfield Economics and business strategy Caulfield Caulfield Health administration Peninsula Human resource management Caulfield Caulfield International business Caulfield Caulfield Marketing Caulfield Caulfield Marketing and communication Peninsula Peninsula Sports management Peninsula Peninsula Taxation Caulfield Caulfield Tourism Peninsula ACCOUNTING Knowledge and understanding of accounting is an essential requirement for successful management. The wide range of units offered by the Department of Accounting caters for aspirants seeking success in the accounting profession and also others, majoring in related disciplines, seeking to be competent users of accounting reports. The major includes units that concentrate attention on the preparation and audit of financial reports for managers, owners and other interested parties. Validated and effective financial reports enable performance measurement and control of individuals, teams, corporations, non-government organisations, governments and other entities. Please refer to the Faculty Professional recognition page on the website for information about specific units that may be required for professional recognition. Accounting is offered in the Bachelor of Commerce at Clayton and in the Bachelor of Business at Caulfield as a major or minor. integrate, and critically apply, theoretical and technical accounting knowledge and skills to solve routine accounting problems. a) The following six units (36 points): ACX1100 Introduction to financial accounting ACX2100 Financial accounting ACX2200 Introduction to management accounting ACX2400 Accounting information systems ACX3100 Advanced financial accounting ACX3200 Management accounting Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 4 of 19
b) Two of the following units (12 points), with at least 6 points at level 3: ACF3900 Global issues in accounting ACX2900 Accounting for sustainability ACX3150 Financial analysis and valuation ACX3250 Advanced management accounting ACX3500 International study program in accounting ACX3600 Auditing and assurance BEX3006 Industry based learning project BEX3106 Industry based learning project BFX2140 Corporate finance 1 BTF3931 Taxation law BTX2000 Corporations law BTX3699 Insolvency a) The following two units (12 points): ACX1100 Introduction to financial accounting ACX2200 Introduction to management accounting b) Two units (12 points) from the following: ACX2100 Financial accounting ACX2400 Accounting information systems ACX2900 Accounting for sustainability ACX3100 Advanced financial accounting ACX3150 Financial analysis and valuation ACX3200 Management accounting ACX3250 Advanced management accounting ACX3600 Auditing and assurance Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 5 of 19
BANKING AND FINANCE Banking and finance is the system that manages the circulation of money, the granting of credit, the making of investments, the acquisition of financing and the provision of banking facilities. This system is central to the efficient running of an economy. Banking and finance is listed in the Bachelor of Business at Caulfield as a major or minor. critically evaluate and analyse financial data and instruments, explain technical and theoretical banking and finance concepts and to formulate and present banking and finance proposals. a) The following six units (36 points): BFF2401 Commercial banking and finance BFF3121 Investments and portfolio management BFF3331 International banking and finance BFF3841 Credit analysis and lending management BFX2140 Corporate finance 1 BFX2751 Derivatives 1 b) Two units (12 points) from the following list: BFF2701 Equity markets BFF3111 Personal financial planning BFF3301 Money market operations BFF3351 Investment banking BFF3651 Treasury management BFX3355 Property investment BFX3871 International study program in banking and finance BTF2601 Banking law EDF1200 Macroeconomics ETF2100 Introductory econometrics ETF3300 Quantitative methods for financial markets* MGX3100 Management ethics and corporate governance *Required unit for admission to the Honours Program BFF2401 Commercial banking and finance BFF3121 Investments and portfolio management BFF3331 International banking and finance BFX2140 Corporate finance 1 Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 6 of 19
BUSINESS LAW The importance of law cannot be underestimated. Law is the backbone of business, in fact almost every business decision will have a legal consequence. Law regulates employee-employer relations, financial transactions, consumer produces and services, and marketing processes. This major focuses on the core rules that govern these transactions both within Australia and the broader international environment. There are specific units required for professional recognition, for example, by CPA Australia, or the Tax Practitioners Board (TPB). Please refer to the Faculty Professional recognition page on the website for information about specific units that may be required for professional recognition. Business law is listed in the Bachelor of Business at Caulfield as a major or minor. identify and correctly apply relevant common law principles and legislation to relevant problems or scenarios, and to analyse, synthesise and conceptualise regulatory and legal information to support business decision making. No more than 12 points at Level 1 may be credited to a major and at least 18 points must be credited at level 3. a) The following two units (12 points): BTF1010 Business law BTX3900 Research project in business law and taxation b) Six units (36 points) from the following list, with at least 12 points at level 3: BTF2223 Corporate crime BTF2601 Banking law BTF2991 Employment law BTF3100 Environmental law for business BTF3181 Marketing law BTF3201 International trade law BTF3888 Chinese taxation law BTF3931 Taxation law BTX2000 Corporations law BTX3130 Stock exchange and derivatives law BTX3350 Business taxation BTX3699 Insolvency Any four undergraduate units with the prefix BTF or BTX offered from the Caulfield campus, with at least two units at level 2 or 3. Students are encouraged to choose a combination of units that will assist them in their chosen career path or specialisation.* *Note: Suggested examples of minors that would suit many career paths can be found on the Department of Business Law and Taxation s website. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 7 of 19
BUSINESS MANAGEMENT Business management emphasises the practical application of management knowledge and concepts within organisations. The major develops students management decision-making capacity to improve organisational performance. Business management particularly enhances students knowledge of, and skills for, managing communication, organisational change, and business strategy. The business management major prepares students for managerial roles within organisations in the private, public and not-for-profit sectors. Business management is listed in the Bachelor of Business at Caulfield as a major or minor. understand the importance, nature and consequences of business management decision-making in organisations. a) The following six units (36 points): MGF1010 Introduction to management MGF1100 Managerial communication MGF2111 Organisational behaviour MGF3621 Organisational change MGF3684 Business strategy MGX3100 Management ethics and corporate governance b) Two units (12 points) from the following list: MGF2341 Managing employee relations MGF2351 International business MGF2511 Managing quality, innovation and knowledge MGF2661 Human resource management MGF2656 HRM and managing global workforces MGF3381 Managing information systems MGF3450 Managing conflict MGF3681 International management MGX2200 Introduction to events MGX2501 Introduction to tourism MGX3121 International business strategy MGX3441 Human resource strategy MGX3771 Operations management MGX3991 Leadership principles and practices Any four undergraduate units with the prefix MGF or MGX offered from the Caulfield campus, with at least two units (12 points) at level 2 or 3. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 8 of 19
BUSINESS MANAGEMENT AND STRATEGY Business management and strategy emphasises multi-disciplinary decision-making to resolve organisational challenges and achieve strategic goals. The major develops and critically examines management and strategic practices within organisations to generate solutions. Business management and strategy especially develops students business problem-solving capacity for cross cultural, project and innovation management, as well as corporate governance and ethical business strategy. The major prepares students for managerial roles within organisations in the private, public and not-for-profit sectors. Business management and strategy is listed in the Bachelor of Business at Peninsula as a major or minor. produce professional and persuasive solutions for current and future business management and strategic challenges a) The following five units (30 points): MGP1010 Introduction to management MGP2278 Cross cultural management and communication MGP3113 Organisation governance and ethics MGP3249 Project and innovation management MGP3684 Business strategy b) Three units (18 points) from any of the following, with no more than one level 1 unit: Accounting and Finance ACP1000 Accounting for managers ACP2851 Business information and systems BFP2631 Financial management Leisure management EDF1617 Sport, culture and industry MGP2200 Festivals and events MGP2501 Introduction to tourism Marketing MKP1120 Marketing theory and practice MKP2701 Consumer psychology MKP2702 Stakeholder marketing communication Any four of the units specified for the Business management and strategy major, with at least two units (12 points) at level 2 or 3. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 9 of 19
BUSINESS STATISTICS Business statistics involves the extraction of information from data. It comprises a set of tools for analysing data using economic theories or computer-based statistical models. Statistical and econometric analysis provides informed support for business and economic decision-making. Business statistics is listed in the Bachelor of Business at Caulfield as a major or minor. extract meaningful information from data, and to apply statistical modelling and forecasting techniques in a business environment. a) The following two units (12 points): ETF1100 Business statistics ETF2121 Data analysis in business b) Six units (36 points) from any of the following, with at least 18 points at level 3: ETF2100 Introductory econometrics ETF2480 Business modelling ETF2700 Mathematics for business ETF3200 Applied econometrics* ETF3231 Business forecasting ETF3300 Quantitative methods for financial markets ETF3480 Optimisation for managers ETF3500 Survey data analysis ETF3600 Quantitative methods for business research ETX2250 Data visualisation and analytics *This unit is required for admission to the Honours program in econometrics and business statistics. Any four undergraduate units with the prefix ETF or ETX offered from the Caulfield campus, including at least two units (12 points) at level 2 or 3. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 10 of 19
ECONOMICS AND BUSINESS STRATEGY Economics considers how to allocate scarce resources to maximise people's welfare. Microeconomics examines decisions of individuals, business and government, and the structure of industries and markets. Macroeconomics examines behaviour of the economy as a whole, such as economic growth, inflation and unemployment. Understanding these drivers allows managers to set business and government strategy. Economics and business strategy is listed in the Bachelor of Business at Caulfield as a major or minor. Demonstrate an understanding of core economic theories; and be able to apply economic analysis and the economic way of thinking to assist decisions in specific business strategy contexts. a) The following four units (24 points): ECF1100 Microeconomics ECF1200 Macroeconomics ECF2331 Macroeconomics and monetary policy ECF2731 Managerial economics b) At least three units (18 points) from the following list ECF3120 Consumer economics ECF3121 Economics of international trade ECF3143 Economics of money and banking ECF3900 Business, competition and regulation c) One unit (6 points) from b) not previously completed or from the following list*: ECF2450 Sports economics ECF2721 Trade, finance and foreign exchange ECX3550 Business in Asia ETF2100 Introductory econometrics *Students wishing to proceed to honours must complete at least four level 3 units. Any four undergraduate units with the prefix ECF or ECX offered from the Caulfield campus, with at least two units (12 points) at level 2 or 3. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 11 of 19
HEALTH ADMINISTRATION This offering reflects existing and projected demands for the current and future multidisciplinary, multiskilled workforce in Australia and internationally. It combines the strengths of business theory and skills with theory and skills in public health. Graduates are expected to find employment in a wide range of settings which require a public health management or marketing focus. Health Administration is listed in the Bachelor of Business at Peninsula as minor. ACP3268 Accounting for healthcare managers MKP2702 Stakeholder marketing communication MKP3800 Social marketing NUR1205 Population and social-cultural health research Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 12 of 19
HUMAN RESOURCE MANAGEMENT Human resource management is the study of managing people within a global context. The major critically examines and applies human resource management strategies and practices that enable people to fulfil their individual needs in the work environment as well as achieve the organisation s strategic objectives. Human resource management particular enhances students capacity for managing and interpreting employment law, human resource strategy, employee relations and conficlt, workforce planning, and ethics and governance. The major equips students for careers as human resource professionals, including staff and consulting roles in employment relations, training and development, and recruitment and selection. Human resource management is listed in the Bachelor of Business at Caulfield as a major or minor. integrate, update and critically apply evidence-based human resource management concepts, strategies and practices. Students complete the following eight units (48 points): BTF2991 Employment law MGF1010 Introduction to management MGF2341 Managing employee relations MGF2656 HRM and managing global workforces MGF2661 Human resource management MGF3450 Managing conflict MGX3100 Management ethics and corporate governance MGX3441 Human resource strategy Any four units from the major, with at least two units (12 points) at level 2 or 3. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 13 of 19
INTERNATIONAL BUSINESS International business is an inter-disciplinary study of international firms, their strategy, corporate policies and operations. The major includes the study of issues affecting the contemporary international business environment. International business develops students knowledge of, and skills for the international economic, financial, political, legal, managerial and strategic environment of business. The International business major prepares students for professional and managerial roles within a range of international businesses. International business is listed in the Bachelor of Business at Caulfield as a major or minor. use international business knowledge to enhance opportunities and to resolve challenges confronting international organisations. Students complete the following eight units (48 points): BFF2341 International financial management BTF1010 Business law BTF3201 International trade law ECF1100 Microeconomics ECF2721 Trade finance and foreign exchange MGF2351 International business MGF3681 International management MGX3121 International business strategy Any four of the units specified for the International business major, with at least two units (12 points) at level 2 or 3. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 14 of 19
MARKETING Marketing is the process of creating, communication, delivering and exchanging offerings that have value for customers. The major in marketing will provide you with valuable insight and background into the principal activities of marketing for use in any part of an organisation. By focusing on a particular area of marketing you will equip yourself with the skills and knowledge that will allow you to find your niche within the broadest possible spectrum of roles. Marketing is listed in the Bachelor of Business at Caulfield as a major or minor. demonstrate knowledge and skills that contribute to marketing decisions and be capable of responding to marketing challenges. a) The following four units (24 points): MKF1120 Marketing theory and practice MKF2111 Buyer behaviour MKF2801 Marketing insights MKF3151 Marketing planning and strategy b) Four units (24 points) from the following list, with at least 12 points at level 3: BTF3181 Marketing law MKF2121 Marketing research methods MKF2131 Marketing decision analysis MKF2401 Marketing issues in packaging design MKF2521 Brand management MKF3461 Marketing communication MKF3471 Sales management and negotiation MKF3621 Advertising management and campaigns MKF3710 Specialised applications in marketing MKF3881 Digital marketing MKX2500 Retail management principles MKX3481 Marketing channels MKX3521 Global study programs in marketing MKX3631 Marketing internship MKF1120 Marketing theory and practice MKF2111 Buyer behaviour MKF2801 Marketing insights One undergraduate unit (6 points) with the prefix MKF or MKX offered from the Caulfield campus. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 15 of 19
MARKETING AND COMMUNICATION An understanding of marketing and marketing communication is essential for businesses to respond to customers (and other stakeholders) in an increasingly dynamic business environment. Graduates with skills in marketing and communication are now in high demand by commercial and not-for-profit organisations. This course has a strong applied focus. Marketing and communication is listed in the Bachelor of Business at Peninsula as a major or minor. draw upon marketing theory, practical experience, and teamwork skills, to contribute to contemporary marketing challenges and decision making in profit and not-for-profit contexts. a) The following five units (30 points) MKP1120 Marketing theory and practice MKP2701 Consumer psychology MKP2702 Stakeholder marketing communication MKP2720 Research methods and analysis MKP3800 Social marketing b) Three units (18 points) from the following list, with at least 12 points at level 3: ACP2851 Business information and systems MGP3684 Business strategy MKF3301 Services marketing MKP2600 Tourism marketing MKP3200 Sport marketing and sponsorship MKX3521 International study program in marketing MKX3631 Marketing internship No more than 12 points at level 1 may be credited towards the minor. MKP1120 Marketing theory and practice MKP2701 Consumer psychology MKP2702 Stakeholder marketing communication One additional unit (6 points) from a) or b) above. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 16 of 19
SPORTS MANAGEMENT Sport is an important part of modern society, from a cultural and economic perspective. The Sports management major develops students awareness and knowledge of a range of business disciplines that directly impact the success of sporting codes, competitions, organisations, teams, individuals and facilities. Sports management, as a practice will be considered in the context of government, not-for-profit, and professional organisations within the sports industry. The major prepares students for a career in a range of sport-related associations and business organisations, and focuses on the application of knowledge of management, marketing, economic, financial and legal principles in a sporting context. Students will also consider some of the unique aspects of the sports industry that makes sport management such a challenging and rewarding career. Sports management is listed in the Bachelor of Business at Peninsula as a major or minor. Use problem solving and strategic approaches, and interdisciplinary sports management knowledge to enhance sports organisation opportunities and performance. Students complete the following eight units (48 points): BFP3400 Sport finance BTP3650 Sports law and policy ECP2450 Sport economics EDF1617 Sport, culture and industry MGP1010 Introduction to management MGP3684 Business strategy MKP2701 Consumer psychology MKP3200 Sport marketing and sponsorship No more than 12 points at level 1 may be credited towards the minor. Students complete any two of the following pairs of units: ACP1000 Accounting for managers and BFP3400 Sport finance BTP1010 Business law and BTP3650 Sports law and policy ECP1100 Microeconomics and ECP2450 Sport economics MKP1120 Marketing theory and practice and MKP3200 Sport marketing and sponsorship Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 17 of 19
TAXATION Taxation is generally considered a fundamental aspect of every consumer or business transaction. It is the main source of funding for government expenditure. This major encompasses an in-depth understanding of the core Australian taxation laws, with a particular focus on its application on business transactions and business structures that affect individuals, business and investors. Some specific or additional units may be required for professional recognition by the Tax Practitioners Board (TPB). Please refer to the Faculty Professional recognition page for more information Taxation is listed in the Bachelor of Business at Caulfield as a major or minor. Appreciate the legal and commercial impacts of taxation and related fields on business decisions with a particular focus on Australia s federal system using case law and statute. a) The following six units (36 points): BTF1010 Business law BTF2601 Banking law BTF3931 Taxation law BTX2000 Corporations law BTX3350 Business taxation BTX3900 Research project in business law or taxation b) Two units (12 points) from the following list: BTF2223 Corporate crime BTF3100 Environmental law for business BTF3201 International trade law BTF3888 Chinese Taxation Law BTX3130 Stock exchange and derivatives law BTX3699 Insolvency No more than 12 points at level 1 may be credited towards the minor. BTF3931 Taxation law BTX3350 Business taxation BTX3900 Research project in business law and taxation Any undergraduate level 2 or 3 unit with the prefix BTF or BTX offered from the Caulfield campus. Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 18 of 19
TOURISM Tourism is an inter-disciplinary study of an inherently international and local industry and behaviour. The minor introduces, and examines tourist practices to develop students tourism problem solving and decision-making capacity. Tourism particularly enhances students knowledge of tourists, the industry, destinations, impacts, festivals and events, and tourism business and destination marketing. The minor prepares students for roles in a wide range of settings that require a tourism, events or marketing focus. Tourism is listed in the Bachelor of Business at Peninsula as a minor. No more than 12 points at level 1 may be credited towards the minor. MGP2200 Festivals and events MGP2501 Introduction to tourism MKP1120 Marketing theory and practice MKP2600 Tourism marketing Bachelor of Business Detailed Course Requirements January 2015 v1.0 Page 19 of 19