Microeconomics 1 - ECON1101

Faculty: Australian School of Business

School: School of Economics

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

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

Available for General Education: Yes (more info)

View course information for previous years.


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 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 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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