Faculty of Business and Economics

A closer look at

BUSINESS LAW
Why study business law?
The law is the backbone of business. It inuences commercial transactions and marketing processes, and it governs those engaged in companies and partnerships. Business law is also at the frontier of developments in e-commerce as established rules are adapted to cover activities in the online world. The business law major and elective units provide students with important problem-solving, analytical and communication skills as well as knowledge about a wide range of legal issues that are typically faced by business managers and government agencies. Professionals who have studied business law deal with the business implications of national and state laws relating to areas such as contracts, trade practices, employment, insurance, wills and estate planning, and consumer and creditor protection, as well as real estate, tax, and the environment.

You can study business law in the: Bachelor of Business Bachelor of Business (Law)

Business law at Monash

Monash is an excellent place to study business law. Not only is our Department of Business Law and Taxation internationally recognised, our academics (your teachers) work closely with agencies including the Treasury and the Australian Taxation Ofce, and regularly work with international agencies such as the International Monetary Fund and Asian Development Bank on the development of business and tax laws across the Asia-Pacic region. Monash offers business law as an eight-unit major within the Bachelor of Business degree, and as a ten-unit major within the tagged degree Bachelor of Business (Law).

Careers in business law

Business and law is a dynamic combination that opens up a unique range of career options. Our graduates work all over the world. They work in business and corporate law, banking, media, nance, employment law, politics and management. They work for the government and major corporations. Examples of roles that graduates can pursue include a paralegal administrator for a commercial law rm, trade practice compliance ofcer for a large retail chain, human resources ofcer for a small-to-medium enterprise, legal advisor for a government regulatory body, or business analyst for a bank or nancial institution. Please note that this degree does not qualify graduates to practise as a barrister or solicitor.

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www.monash.edu/business-economics

Studying business law

Law is a critical aspect of all areas of business, and business decision makers need to have an awareness of the law, regardless of their role. At Monash you can study business law as a major in the Bachelor of Business, however you can also study business law units as electives, even if youre studying a major in a different business discipline. Business law subjects complement a range of different areas, for example:
Area of study / major Accounting and Finance Related business law subjects Banking law Stock exchange and derivatives law Company law Taxation law Corporate crime Banking law Business taxation Finance law Employment law International Trade law Environmental law for business Sustainability and the law Corporate crime Stock exchange and derivatives law Marketing law Banking law Finance law Marketing law Environmental law for business Sustainability and the law

Stuart is a nancial wizard with a highying job. His role in the liquidation and voluntary administration of insolvent companies brings new trials every day. I love the thrill of the chase in my job and no two days are ever the same. I am constantly being challenged. Many companies had never heard of my degree but were keen to employ me once I explained the depth and breadth of my skills. I dont think I would have gained the same mix of theoretical and practical training anywhere else and thats what companies are looking for.

Stuart Curwood
Bachelor of Business (Law) Current position: Air Force Ofcer, Australian Defence Force Previous positions: Insolvency Accountant, Knights Insolvency Administration; Tax Accountant, Galpins

Management/ Human Resources

Economics

Monash taught me to be thorough, disciplined and organised. The knowledgeable and dedicated lecturers and tutors gave me endless assistance and I built up fundamental skills that I use every day at work. In my role I use a variety of skills ranging from interacting with clients to nance, banking and legal skills. Cauleld was a great campus. I developed many friendships and was part of the Golden Key Society, which offers assistance and advice in career development, and runs networking events so students can meet prospective employers.

Alexandra Norman
Bachelor of Business (Law) Current position: Manager, Wholesale Credit Ratings, ANZ Previous positions: Assistant Manager, ANZ; Transformation Analyst, ANZ

Marketing

Course map
If you choose to major in business law, your course plan could look like this:
Bachelor of Business (major in business law) First Year Semester 1 Semester 2 Second Year Semester 1 Semester 2 Third Year Semester 1 Semester 2 Research project in business law and taxation Business law unit (students choice) Business law unit (students choice) Open elective or second major Open elective or second major Open elective or second major Open elective or second major Open elective or second major Corporations law Business law unit (students choice) Business law unit (students choice) Business law unit (students choice) Faculty business elective Open elective or second major Open elective or second major Open elective or second major Introduction to management Principles of accounting and nance Marketing theory and practice Commercial law Business statistics Microeconomics Faculty business elective Faculty business elective

Please note: this course map is a sample only. The business law units can be selected from a list of available units in the discipline. Your electives/ second major units can be selected from a wide list of majors/units offered by the Faculty, or you can choose to study additional business law units or a complementary second major such as accounting or economics. A full list of undergraduate units offered by Monash is available at www.monash.edu/study
Students are advised that, while the course advisors will endeavour to give every possible assistance and advice concerning unit choice, the onus is on students to ensure that units selected meet degree regulations and requirements. Students should refer to the University Handbook for further information on course and unit details.

www.monash.edu/business-economics

Monash University reserves the right to alter information, procedures, fees and regulations contained in this document. Please check the Monash University website for updates (www.monash.edu). All information reects prescriptions, policy and practice in force at time of publication. Published July 2013. CRICOS provider: Monash University 00008C