ECON1101 Microeconomics: Prices and Markets
- 6 points
|Semester 1||UWA (Perth)||Face to face|
|Semester 2||UWA (Perth)||Face to face|
- Details for undergraduate courses
- Level 1 core unit in the Economics; Professional Economics major sequences
- Level 1 complementary unit in the Accounting; Marketing; Finance; Management; Human Resource Management; Business Law major sequences
- The area of knowledge for this unit is Management and Commerce
- Category B broadening unit for students
- Level 1 elective
- This is an introductory unit in microeconomics. Topics include an introduction to the economic problem; the determination of prices; demand and supply; market failure and the role of government; and market structure.
- Students are able to (1) explain, demonstrate and apply various economic models to real life situations; (2) demonstrate the ability to produce clear and concise written and oral communication in an economic context to a variety of audiences; (3) develop competencies to work effectively in teams; and (4) recognise, understand and respond appropriately to ethical, cultural, social and sustainability issues.
- Typically this unit is assessed in the following ways: (1) examinations; (2) assignment; and (3) quizzes. Further information is available in the unit outline.
Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
- Unit Coordinator(s)
- Dr Andrew Williams (Semester 1) and Dr Inga Kristoffersen (Semester 2)
- Contact hours
- lectures/Practical Classes/seminars/workshops: up to 3 hours per week
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.