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Unit of study_

ECON1001: Introductory Microeconomics

Introductory Microeconomics addresses the economic decisions of individual firms and households and how these interact in markets. Economic issues are pervasive in contemporary Australian society. Introductory Microeconomics introduces students to the language and analytical framework adopted in Economics for the examination of social phenomena and public policy issues. Whatever one's career intentions, coming to grips with economic ideas is essential for understanding society, business and government. Students are given a comprehensive introduction to these ideas and are prepared for the advanced study of microeconomics in subsequent years. Prior knowledge of mathematics is assumed.

Code ECON1001
Academic unit Economics
Credit points 6
BUSS1040 or ECON1040
Assumed knowledge:
Minimum result of Band 4 in HSC Mathematics Advanced (or equivalent); or Band E3 in HSC Mathematics Extension 1 or 2 (or equivalent)

At the completion of this unit, you should be able to:

  • LO1. Apply economic concepts to examine real world problems from both an individual’s and policymaker’s perspective
  • LO2. Demonstrate problem-solving skills
  • LO3. Critically evaluate the assumptions and limitations of the theories and arguments presented in class
  • LO4. Improve written communication skills
  • LO5. Manage, analyse, evaluate and use information efficiently and effectively