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Unit of study_

ECON1001: Introductory Microeconomics

2025 unit information

Economic issues are pervasive in contemporary Australian society. This unit of study addresses the economic decisions of individual firms and households and how these interact in markets. The unit introduces students to the language and analytical framework adopted in economics for the examination of social phenomena and public policy issues. Whatever one's career intentions, coming to grips with economic ideas is essential for understanding society, business, and government. Students are given a comprehensive introduction to these ideas and are prepared for the advanced study of microeconomics in subsequent years. Prior knowledge of algebraic equations and differential calculus is assumed.

Unit details and rules

Managing faculty or University school:

Arts and Social Sciences

Study level Undergraduate
Academic unit Economics
Credit points 6
Prerequisites:
? 
None
Corequisites:
? 
None
Prohibitions:
? 
BUSS1040 or ECON1040
Assumed knowledge:
? 
Minimum result of Band 4 in HSC Mathematics Advanced (or equivalent); or Band E3 in HSC Mathematics Extension 1 or 2 (or equivalent). Students who do not possess the assumed knowledge are strongly advised to enrol in ECON1003 prior to or concurrently with this unit

At the completion of this unit, you should be able to:

  • LO1. Apply economic concepts to examine real-world problems from both an individual’s and policymaker’s perspective
  • LO2. Demonstrate problem-solving skills
  • LO3. Critically evaluate the assumptions and limitations of the theories and arguments presented in class
  • LO4. Improve written communication skills
  • LO5. Manage, analyse, evaluate and use information efficiently and effectively

Unit availability

This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.

The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.

Session MoA ?  Location Outline ? 
Semester 1 2024
Normal day Camperdown/Darlington, Sydney
Intensive February 2024
Block mode Camperdown/Darlington, Sydney
Semester 2 2024
Normal day Camperdown/Darlington, Sydney
Session MoA ?  Location Outline ? 
Semester 1 2025
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Semester 2 2025
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Session MoA ?  Location Outline ? 
Semester 1 2020
Normal day Camperdown/Darlington, Sydney
Intensive January 2020
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Semester 2 2020
Normal day Camperdown/Darlington, Sydney
Semester 1 2021
Normal day Camperdown/Darlington, Sydney
Semester 1 2021
Normal day Remote
Intensive February 2021
Block mode Remote
Semester 2 2021
Normal day Camperdown/Darlington, Sydney
Semester 2 2021
Normal day Remote
Semester 1 2022
Normal day Camperdown/Darlington, Sydney
Semester 1 2022
Normal day Remote
Intensive February 2022
Block mode Camperdown/Darlington, Sydney
Intensive February 2022
Block mode Remote
Semester 2 2022
Normal day Camperdown/Darlington, Sydney
Semester 2 2022
Normal day Remote
Semester 1 2023
Normal day Camperdown/Darlington, Sydney
Semester 1 2023
Normal day Remote
Intensive February 2023
Block mode Camperdown/Darlington, Sydney
Intensive February 2023
Block mode Remote
Semester 2 2023
Normal day Camperdown/Darlington, Sydney

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Modes of attendance (MoA)

This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.