Courses and programs offered
Bachelor of Laws/Bachelor of Finance (LZLF)
The Bachelor of Laws/Bachelor of Finance is a five-year combined degree providing an accredited professional qualification in law, as well as a degree in finance. The program includes all the compulsory law subjects required by the Council of Legal Education for admission to practice in Victoria and compulsory specialised subjects relevant to finance such as Banking and Finance Law, Competition Law and Policy or an approved subject from the Master of Laws in Global Business Law. For further information about core subjects and electives, please refer to the entry for the Bachelor of Laws (Graduate Entry) in the Faculty of Law and Management section of this handbook. The finance course is a largely fixed-content program. Students are trained in four major areas of finance: corporate finance, international finance, investment and portfolio management and risk management.
Admission requirements
Admission requirements are VCE units 3 and 4, and a study score of at least 35 in English (ESL) or 30 in any other English and at least 20 in mathematics (any).
Degree requirements
Students must:
- complete a total of at least five years full-time study or its equivalent
- complete in sequence the compulsory law subjects
- complete in sequence the compulsory finance subjects
- complete a total of 645 credit points (360 credit points in law and 285 credit points in finance and other subjects from the School of Accounting, School of Economics and Finance, and School of Management including Banking and Finance Law)
- complete a total of 21 subjects in law (16 compulsory subjects and 5 electives)
- complete a total of 19 subjects in finance (16 compulsory subjects and 3 electives)
- complete no more than 180 credit points at first year level overall.
Course structure
First year
| Teaching period |
Subject title | Subject code | Credit points |
|---|---|---|---|
| TE-SEM-1 | Dispute Resolution | LAW1DR | 15 |
| TE-SEM-1 | Legal Institutions and Methods | LAW1LIM | 15 |
| Either | |||
| TE-SEM-1 or TE-SEM-2 |
Introduction to Quantitative Analysis | ECO2IQA | 15 |
| Or | |||
| TE-SEM-1 | Calculus and Functions for Economics (teaching period 1)1 | MAT1CFE | 15 |
| TE-SEM-1 or TE-SEM-2 |
Microeconomics | ECO1IMI | 15 |
| TE-SEM-2 | Criminal Law | LAW2CRM | 20 |
| TE-SEM-2 | Principles of Public Law | LAW2PPL | 15 |
| TE-SEM-1 or TE-SEM-2 |
Accounting for Management Decisions | ACC1AMD | 15 |
| TE-SEM-1 or TE-SEM-2 |
Introductory Statistics for Business | ECO1ISB | 15 |
Second year
| Teaching period |
Subject title | Subject code | Credit points |
|---|---|---|---|
| TE-SEM-1 | Law of Contracts | LAW2CNT | 20 |
| TE-SEM-1 | Law of Torts | LAW2TOR | 20 |
| TE-SEM-1 | Microeconomic Theory | ECO2MIT | 15 |
| TE-SEM-1 or TE-SEM-2 |
Macroeconomics | ECO1IMA | 15 |
| TE-SEM-2 | Commercial and Consumer Contracts | LAW2CCC | 15 |
| TE-SEM-2 | Constitutional Law | LAW2CNL | 20 |
| TE-SEM-1 or TE-SEM-2 |
Introductory Financial Accounting | ACC1IFA | 15 |
| TE-SEM-2 | Financial Instruments2 | FIN2FII | 15 |
Third year
| Teaching period |
Subject title | Subject code | Credit points |
|---|---|---|---|
| TE-SEM-1 | Criminal Procedure and Evidence | LAW3CPE | 20 |
| TE-SEM-1 | Intermediate Statistics for Business | ECO2ISB | 15 |
| TE-SEM-1 or TE-SEM-2 |
Finance | FIN2FIN | 15 |
| Either | |||
| TE-SEM-1 or TE-SEM-2 |
Foundations of Management3 | MGT1FOM | 15 |
| Or | |||
| One first year or second year elective from School of Accounting, School of Economics and Finance, or School of Management | 15 | ||
| TE-SEM-2 | Civil Procedure | LAW3CIV | 15 |
| Either | |||
| TE-SEM-2 | Competition Policy and Law4 | LAW2CPL / LAW3CPL | 15 |
| Or | |||
| TE-SEM-2 | One subject from Master of Laws in Global Business Law with permission of Director of Undergraduate Studies | 15 | |
| TE-SEM-2 | Property Law | LAW3PRP | 20 |
| TE-SEM-2 | Macroeconomic Theory | ECO2MAT | 15 |
Fourth year
| Teaching period |
Subject title | Subject code | Credit points |
|---|---|---|---|
| TE-SEM-1 | Law of Equity and Trusts | LAW3EQT | 20 |
| TE-SEM-1 | One law elective | 15 | |
| TE-SEM-1 | Corporate Finance | FIN3CFI | 15 |
| Either | |||
| TE-SEM-1 or TE-SEM-2 |
Foundations of Marketing3 (required for FINSIA membership) | MKT1FMK | 15 |
| or | |||
| TE-SEM-1 or TE-SEM-2 |
One second year elective from School of Accounting, School of Economics and Finance, or School of Management | 15 | |
| TE-SEM-2 | Administrative Law | LAW3ADM | 20 |
| TE-SEM-2 | One law elective | 15 | |
| TE-SEM-2 | Banking and Finance Law [this counts as 3rd year finance subject] | LAW2BFL/ LAW3BFL | 15 |
| TE-SEM-2 | Financial Risk Management | FIN3FRM | 15 |
Fifth year
| Teaching period |
Subject title | Subject code | Credit points |
|---|---|---|---|
| TE-SEM-1 | Corporations Law | LAW4COR | 20 |
| TE-SEM-1 | One law elective | 15 | |
| TE-SEM-1 | International Financial Management | FIN3IFM | 15 |
| TE-SEM-1 | One third year finance elective | 15 | |
| TE-SEM-2 | Legal Practice and Conduct | LAW4LPC | 15 |
| TE-SEM-2 | Two law electives5 | 30 | |
| TE-SEM-2 | Investment and Portfolio Management | FIN3IPM | 15 |
Key: 1 Students with a strong background in mathematics, including VCE Mathematical Methods or Specialist Mathematics, are urged to consider taking MAT1CFE instead of ECO2IQA.
2 Students must have completed ECO1IMA prior to enrolling in this subject.
3 Foundations of Management (MGT1FOM) and Foundations of Marketing (MGT1FMK) must be taken if students wish to satisfy the educational requirements of the Financial Services Institute of Australasia (FINSIA). Students seeking employment in the finance industry or in a position which requires them to provide advice to retail clients about financial planning or financial products must complete an Australian Securities and Investment Commission (ASIC PS146) compliant course of study. This includes ECO1IMA, FIN2FII, FIN2FPL and FIN3CFP. [NB: FIN3REP is a co-requisite for FIN3CFP].
Finance electives
Financial Planning
| Subject code | Subject name | Semester |
|---|---|---|
| FIN2FPL | Financial Planning | 1 |
| ACC3TAX | Taxation | 1,2 |
| FIN3REP | Retirement and Estate Planning | 2 |
| FIN3CFP | Case Studies in Financial Planning | 2 |
Corporate Finance
| Subject code | Subject name | Semester |
|---|---|---|
| FIN3DER | Commodity Derivatives | 1 |
| FIN3MAQ | Mergers and Acquisitions | ??? |
| FIN3SEV | Security Valuation | 1 |
| FIN3CSF | Case Studies in Finance | 2 |
Other
| Subject code | Subject name | Semester |
|---|---|---|
| FIN3FIM | Financial Institutions Management | 1 |
| ECO2EME | Econometric Methods | 1 |
| ECO3MIA | Microeconomic Analysis | 1 |
| FIN3CLF | Computational Finance | 2 |
| ECO3ITE | Introduction to Time-series Econometrics | 2 |
| ECO3MAA | Macroeconomic Analysis | 2 |
| FIN3FSA | Financial Statement Analysis | 1,2 |
| FIN3EPP | Ethics and Professional Practice | 1 |
Compulsory and Elective Law Subjects
For lists of compulsory and elective law subjects, refer to lists under Bachelor of Laws Graduate Entry (LBLG).