ECON1101 Microeconomics: Prices and Markets

6 points
(see Timetable)
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; Philosophy, Politics and 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 are Management and Commerce, Society and Culture
  • 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) conduct an economic analysis of policy in a realistic and current context; and (4) recognise, understand and respond appropriately to ethical, cultural, social and sustainability issues.
Indicative assessments in this unit are as follows: (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 Inga Kristoffersen (Semester 1); Professor Alison Preston (Semester 2)
Contact hours
lectures/tutorials/seminars/workshops: up to 3 hours per week
Unit Outline
Semester 1-2020 [SEM-1-2020]
  • 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 via the Booktopia Textbook Finder, which has the functionality to search by course code, course, ISBN and title, and may also be posted or available at the appropriate school's administrative offices. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.