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Microeconomics 1 - ECON1101
 Students studying

Course Outline: ECON1101 Course Outline
Campus: Kensington Campus
Career: Undergraduate
Units of Credit: 6
EFTSL: 0.12500 (more info)
Indicative Contact Hours per Week: 3
Fee Band: 3 (more info)
Further Information: See Class Timetable
Available for General Education: Yes (more info)


During Summer Term, this course is available as General Education to students from faculties outside the Australian School of Business.
All students taking this course during Summer Term 2009/10 will be required to pay full tuition fees. This includes Commonwealth supported students who are studying at UNSW. Please see Australian School of Business courses - Summer Term fees 2009-10 for more information.

Microeconomics 1 is an introductory course in the theory of markets with relevant applications to business, social and individual issues. The course covers the principles and consequences of 'rational' choice by individual economic agents in markets. It also provides introductory analysis of the role of governments in seeking to ensure the efficient operation of markets.
On completion of the course, students should be able to:
  • Demonstrate an understanding of economic concepts and their appropriate usage.
  • Demonstrate an ability to use economic principles in ‘rational’ decision-making.
  • Understand the different market environments in which management, social, individual and business decisions must be made.
  • Understand the justifications for Government microeconomic policy and the likely economic effects for individuals and businesses.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.