Key facts
UNE unit code: ECON123
*You are viewing the 2025 version of this unit which may be subject to change in future.
- Trimester 1 - On Campus
- Trimester 1 - Online
- Trimester 2 - On Campus
- Trimester 2 - Online
- Armidale Campus
- UNE Sydney Campus
- Yes
- Yes
- Yes
- 6
Unit information
To effectively manage a business or other organisation, you need to understand the general economic environment in which it operates.
Studying this unit, you will explore concepts and principles from both Microeconomics and Macroeconomics that will help you to understand the key concepts of Economics for Management.
Microeconomics examines how consumers and firms make decisions and how they interact with each other in markets. This includes topics such as supply and demand, consumer and firm behaviour, price determination and the operation of markets, situations of market failure, and the impact and role of government on the economy.
Macroeconomics studies the entire economy and its wellbeing. In this component of the unit, you will investigate factors such as inflation, exchange rates, interest rates and trade on the wellbeing and stability of the economy.
Offerings
For further information about UNE's teaching periods, please go to Principal Dates.
| Teaching period | Mode/location |
|---|---|
| Trimester 1 | On Campus, Armidale Campus |
| Trimester 1 | On Campus, UNE Sydney Campus |
| Trimester 1 | Online |
| Trimester 2 | On Campus, Armidale Campus |
| Trimester 2 | On Campus, UNE Sydney Campus |
| Trimester 2 | Online |
*Offering is subject to availability
Intensive schools
| Start | Finish | Duration | Attendance | Offerings | Notes |
|---|---|---|---|---|---|
| 05 April 2025 | 05 April 2025 | 1 day | Non-Mandatory Intensive School | Trimester 1, On Campus, UNE Sydney Campus; Trimester 1, Online | Trimester 1 Non-Mandatory Intensive School - UNE Sydney - Mid-Trimester Exam preparation session. If the minimum number of ten (10) student registrations has not been reached at least two weeks prior to the scheduled date, the Non-Mandatory Intensive School will be cancelled. |
| 02 August 2025 | 02 August 2025 | 1 day | Non-Mandatory Intensive School | Trimester 2, On Campus, UNE Sydney Campus; Trimester 2, Online | Trimester 2 Non-Mandatory Intensive School - UNE Sydney. If the minimum number of ten (10) student registrations has not been reached at least two weeks prior to the scheduled date, the Non-Mandatory Intensive School will be cancelled. |
Enrolment rules
Notes
Students considering enrolment in ECON123 should be familiar with basic mathematical concepts such as arithmetic and algebra.If you are unsure, please contact the Unit Coordinator before enrolling.
To study this unit on campus at the UNE Sydney Campus you must be admitted to your course as an on campus student at the UNE Sydney Campus.
Please refer to the student handbook for current details on this unit.
Unit coordinator(s)
Learning outcomes
Upon completion of this unit, students will be able to:
- demonstrate a foundational understanding of the microeconomic environments;
- review, identify and evaluate information about microeconomic factors and incentives in industries and markets;
- exhibit a fundamental understanding of the macroeconomic environments domestically and internationally; and
- demonstrate a sound understanding of the implications of international and domestic macroeconomic conditions.
Assessment information
Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
| Title | Must Complete | Weight | Offerings | Assessment Notes |
|---|---|---|---|---|
| Mid-Trimester Exam | Yes | 50% | All offerings | Fully proctored and invigilated exam. |
| Final Examination | Yes | 50% | All offerings | Fully proctored and invigilated final exam. |
Learning resources
Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
Essentials of Economics
ISBN: 9781292440101
Sloman, J. and Garratt, D., Pearson Education Limited 9th ed. 2023
Text refers to: All offerings
Note: Recommended material is held in the University Library — purchase is optional.
Essentials of Economics
ISBN: 9780655702870
Hubbard, G., O'Brien, A., Garnett, A. M., and Lewis, P., Pearson Australia Group Pty. Ltd. 5th Ed. 2021
Text refers to: All offerings
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