ECON101 Introductory MicroeconomicsUpdated: 26 October 2017
|Supervised Exam||There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.|
In this unit students learn the relevance and practicality of economics to decision making and develop the analytical skills to understand real-world business and policy issues. The core microeconomic principles covered enable students to understand key concepts such as how markets work (demand, supply, elasticities, economic efficiency, market structures) how firms make production decisions (technology, production and costs), the role of government in markets (market failure) and international trade and trade policies (comparative advantage, tariffs, quotas). Students are introduced to fundamental macroeconomic indicators and the role of stabilisation policies. Contemporary examples are used to contextualise key concepts.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
|Disclaimer||Unit information may be subject to change prior to commencement of the teaching period.|
|Learning Outcomes (LO)||
Upon completion of this unit, students will be able to: