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Unit of study_
ECON1040: Principles of Economics
2025 unit information
This unit of study is designed for students who have an interest in economics and its application to critical issues in everyday life. Students will gain an understanding of how the economy works; how individuals, firms and governments form and shape their decisions using economic principles; and the role of public policy on outcomes including the trade-offs faced in making policy decisions. Students will develop skills to critically analyse real-world issues using the perspective of an economist, and communicate ideas and arguments about economics in a logical, coherent and evidence-based manner.
Unit details and rules
Managing faculty or University school:
Arts and Social Sciences
| Study level | Undergraduate |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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None |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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AGEC1006 or ECON1001 or BUSS1040 |
| Assumed knowledge:
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None |
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. develop problem-solving skills
- LO3. critically evaluate the assumptions and limitations of the theories and arguments presented in class
- LO4. develop written communication skills
- LO5. employ technologies effectively in gathering information from written, oral, and electronic sources
- LO6. demonstrate the ability to 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 ? |
|---|---|---|---|
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Semester 1 2025
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Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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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.
