AUSTRALIAN CATHOLIC UNIVERSITY 
ECON106 - Microeconomics 1: Theory and Applications 
Final Examination Guide and Notes 2026 
 
Part 01. Revision Notes 
Part 02. Sample Final Examination Paper 
Part 03. Suggested Solutions to Final Exam Paper 
Part 04. Final Examination - Hints and Tips 
 
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ACU - Microeconomics 1: Theory and Applications (ECON106)

$35.00

ACADEMIC YEAR 2025 - 2026

University	Australian Catholic University
Study Level	Undergraduate
Unit Code	ECON106
Unit Name	Microeconomics 1: Theory and Applications
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	122

Struggling with the extensive study material for Microeconomics 1: Theory and Applications (ECON106) at Australian Catholic University? This guide is your solution. Divided into four sections, it is a comprehensive resource designed to strengthen your understanding and improve your performance in the final exam. The guide offers detailed revision notes, sample exam questions with thorough solutions, and valuable advice for the final exam. It is your secret tool for mastering the unit, saving study time, and boosting your confidence, enabling you to perform at your best on the day of the exam.

Economics is fundamentally about everyday life and microeconomics analyses the decisions made by individuals, businesses, the government and society about resource use. Underpinning this unit is the important economics concepts of scarcity and opportunity cost. This unit will introduce students to the choices that are made, alternatives foregone, and the consequences of these decisions. Students will address the current economic problems that the consumer and firm face in the microeconomy.

The aim of this unit is to provide students with an introduction to neoclassical economics and an insight into how microeconomics terms and concepts can be applied to a wide range of real-life scenarios.

✔ Learning outcomes:

Describe economic concepts and their application to contemporary microeconomic issues
Explain how the market system allocates scarce resources
Identify the role of the government, its policies and influence on markets and overarching government policies for First Peoples
Investigate the economic behaviour of individuals, firms and institutions and communicate this in oral and written forms
Apply information technology and mathematical models to problem-solving real-world applications of microeconomic theory

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ACCT209	Corporate Accounting
BAFN200	Principles of Finance
BAFN204	Portfolio Management: Investing Wisely
BAFN205	Financial Instruments and Markets
BAFN306	Entrepreneurial Finance
BAFN307	Financial Risk Management
BUSN113	Managing People and Organisations
ECON102	Microeconomics 1
ECON103	Macroeconomics 1
ECON200	Economics Policy: Frameworks and Markets
ECON202	Microeconomics 2
ECON304	Applied Econometrics
LEGL101	Business Law: Legal Frameworks for Businesses
LEGL300	Taxation Law
STAT207	Business Data Analysis

Updated for 2026

ACU - Microeconomics 1: Theory and Applications (ECON106)

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