UWA Handbook 2017

Unit details

ECON1101 Microeconomics: Prices and Markets

Credit 6 points
  Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Semester 2UWA (Perth)Face to face
Semester 1AlbanyMulti-mode
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
  • Category B broadening unit for Bachelor of Arts, Bachelor of Science and Bachelor of Design students
  • Level 1 elective
Content 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.
Outcomes 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.
Assessment Assessment information is provided 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) Associate Lecturer Inga Kristoffersen
Contact hours lectures/tutorials/seminars/workshops: up to 3 hours per week
Unit OutlineSemester 1 : http://www.unitoutlines.biz.uwa.edu.au/Units/ECON1101/SEM-1/2017
Semester 2 : http://www.unitoutlines.biz.uwa.edu.au/Units/ECON1101/SEM-2/2017

  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
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  • 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.