Key facts
UNE unit code: ECON423
*You are viewing the 2027 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
- No
- 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 | Online |
| Trimester 2 | On Campus, Armidale Campus |
| Trimester 2 | On Campus, UNE Sydney Campus |
| Trimester 2 | Online |
*Offering is subject to availability
Intensive schools
There are no intensive schools required for this unit.
Enrolment rules
Notes
Students considering enrolment in ECON406 should be familiar with basic mathematical concepts such as arithmetic and algebra.If you are unsure, please contact the Unit Coordinator at emilio.morales@une.edu.au before enrolling.
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 professional understanding of the microeconomic environments they are working in;
- review, analyse and consolidate information to report to employers on microeconomic developments in their working environments;
- exhibit an expert understanding of the macroeconomic environments domestically and internationally; and
- demonstrate a professional understanding of the implications of international and domestic macroeconomic developments and provide a clear and coherent report to employers.
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 may be held in the University Library — purchase is optional.
Essentials of Economics
ISBN: 9780655713500
Hubbard, G., O'Brien, A., Garnett, A. M., and Lewis, P., Pearson Australia Group Pty. Ltd. 6th Ed. 2025
Text refers to: All offerings
Excellence in experience, equity and employability
Five Stars,
20 Years in a Row
UNE is the only public uni in Australia awarded 20 straight years of five stars for Overall Experience.
Good Universities Guide 2007-2026
Five Stars for
Social Equity
UNE rates among the top 20% of universities nationally and is #1 in NSW for Social Equity.
Good Universities Guide 2026
Five Stars for
Graduate Employment
UNE rates among the top 20% of universities for Graduate Full-Time Employment and Starting Salary.
Good Universities Guide 2026 (Undergraduate)
Diamond-Rated Digital Learning
UNE’s leadership in digital learning earned the highest ‘Diamond’ rating in a peer review.
ASCILITE TELAS 2025
Studying online
At UNE we know it takes more than just being online to be a great online university. It takes time and experience. We pioneered distance education for working adults back in the 1950s, so we’ve been doing this longer than any other Australian university.
We understand the challenges faced by busy adults studying at home. We know that a vital part of online study is your engagement with the learning community. Communication with your classmates, teaching staff and university support staff will enhance your study experience and ensure that your skills extend beyond the subject matter. UNE’s teaching staff are experts in their field which is why UNE consistently receives five stars from students for teaching quality, support and overall experience.*
*The Good Universities Guide
Stay connected
Join our mailing list for updates and helpful tips to support your study plans. You can unsubscribe at any time.
- •Course updates and important changes as they happen
- •Key dates for intakes, deadlines, and enrolment steps
- •Application guidance, including supporting documentation requirements
- •Next steps and what to expect after you apply or enquire
Ready to stay in the loop?
GET IN TOUCH
Why study with us?
UNE’s flexibility and support made the transition smooth and helped me find a great balance between academic responsibilities and personal growth. It was the perfect place to study education while staying true to my rural roots.
What happens next?
Got a question about a course you'd like to study? Contact our Future Student Team for help.
2027 applications are now open. The application process only takes 20 minutes to complete. Don’t delay, apply now!
Your start date is based on the study period you choose to apply for.
