Key facts

UNE unit code: ECON101

*You are viewing the 2024 version of this unit which may be subject to change in future.

Start
  • Trimester 1 - On Campus
  • Trimester 1 - Online
  • Trimester 3 - Online
Campus
  • Armidale Campus
  • UNE Sydney Campus
24/7 online support
  • Yes
Intensive schools
  • No
Supervised exam
  • Yes
Credit points
  • 6

Unit information

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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 1On Campus, Armidale Campus
Trimester 1On Campus, UNE Sydney Campus
Trimester 1Online
Trimester 3Online

*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)

profile photo of Stuart Mounter
Stuart MounterAssociate Professor - UNE Business School
Derek Baker

Learning outcomes

Upon completion of this unit, students will be able to:

  1. 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;
  2. demonstrate proficiency in analysing graphical and mathematical material;
  3. 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;
  4. work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills; and
  5. 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.

TitleMust CompleteWeightOfferingsAssessment Notes
5 QuizzesNo All offerings

Multiple-choice questions, optional.

Quiz questions aid academic content application and tutorial completion.

Mid-term QuizYes40%All offerings

Multiple-choice and short answer questions.

TutorialsNo Trimester 1, On Campus

On campus students should attend and participate in at least 8 tutorials.

Final ExaminationYes60%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

Note: An eBook version of this textbook is also available (ISBN: 9781488659454 or ISBN: 9781488619908).

Text refers to: All offerings

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