Key facts
UNE unit code: ECON101
*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 3 - Online
- Armidale Campus
- UNE Sydney Campus
- Yes
- No
- Yes
- 6
Unit information
Explore the relevance and practicality of economics to real-world decision making and develop the analytical skills to understand business and policy issues.
This introductory microeconomics unit will enhance your knowledge of key concepts such as how markets work (including demand, supply, elasticities, economic efficiency, market structures), how firms make production decisions (considering technology, production and costs), the role of government in markets (market failure) and international trade and trade policies (comparative advantage, tariffs, quotas).
Throughout the unit, we will use contemporary examples to contextualise key concepts.
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 3 | Online |
*Offering is subject to availability
Intensive schools
There are no intensive schools required for this unit.
Enrolment rules
There are no requisites for this unit.
Notes
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 key concepts and principles in economics and their application to decision making relevant to real-world business and policy issues;
- demonstrate proficiency in analysing graphical and mathematical material;
- use a range of cognitive and communication skills to identify, evaluate and synthesise relevant information drawn from a range of sources in order to demonstrate judgement, creative thinking and analytical skills in solving business-related problems;
- work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills; and
- demonstrate the ability to recognise, reflect on, and respond appropriately to a range of ethical issues involved in economics in influencing the practice of business.
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-term Examination | Yes | 50% | All offerings | Multiple-choice and short answer questions. |
| Tutorials | No | Trimester 1, On Campus | On campus students should attend and participate in at least 8 tutorials. | |
| Final Examination | Yes | 50% | All offerings | Students must obtain at least 40% in the exam (and at least 50% overall) to receive a pass (or better) in the unit. |
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.
Microeconomics
ISBN: 9781488612497
Hubbard, G., Garnett, A., Lewis, P. and O'Brien, T., Pearson 4th ed. 2017
Text refers to: All offerings
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