CQUniversity Australia
ECON11026: Principles of Economics
Final Examination Guide and Notes 2020
 
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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CQUniversity Australia - ECON11026: Principles of Economics

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ACADEMIC YEAR 2019 - 2020

University	CQUniversity Australia
Study Level	Undergraduate
Unit Code	ECON11026
Unit Name	Principles of Economics
Notes Title	Final Examination Guide and Notes
Page Length	122

Reinforce and practise skills learned with step-by-step support from our best tutors in the ECON11026: Principles of Economics, CQUniversity Australia to help you achieve your maximum potential. This is a complete revision guide of everything that is examinable for the unit. Within this document, you will find a comprehensive evaluation of the examinable topics for the subject. Every learning outcome that can be tested is explored in depth and diagrams are provided to aid retention. This guide is extremely helpful for you revising all the topics and with the exam.

This unit introduces basic principles of microeconomic and macroeconomic theory and the methods of economic analysis . You will examine the demand-supply model, market equilibrium, elasticity, and how the prices of goods and services, and the cost and revenue curves are determined. You will compare the key market structures: perfect competition, monopoly, monopolistic competition, and oligopoly and examine why government intervention is necessary in order to correct market failure and achieve allocative and productive efficiency. You will be introduced to the key macroeconomic indicators and their role in managing the economy. You will be given the opportunity to explore the dynamics of macroeconomic policies, and their effectiveness in achieving national economic objectives and dynamic efficiency to achieve long term economic growth.

On successful completion of this unit, you should be able to:

Describe and illustrate basic economic principles as they relate to consumer and business decisions.
Describe the firm's production decisions in a range of market structures.
Demonstrate how government intervention may be beneficial in cases of market failure in order to achieve more desirable outcomes for the economy and the society.
Explain macroeconomic goals and assess various macroeconomic policies to stabilise the economy

UNIT CODE	UNIT NAME
ACCT11081	Introductory Financial Accounting
ACCT19060	Management Accounting
ACCT20070	Accounting in Australia
ACCT20073	Company Accounting
ACCT20077	Accounting for Management Decision Making
ECON11026	Principles of Economics
ECON19033	Macroeconomics
ECON20039	Economics for Managers
ECON28001	Economics and Finance for Business
FINC19011	Business Finance
FINC19012	Investment Analysis and Risk Management
FINC20018	Managerial Finance
FINC20019	Money and Capital Market Analysis
FINC20023	International Financial Management
HRMT11010	Organisational Behaviour
LAWS11030	Foundations of Business Law
LAWS20060	Taxation Law of Australia
MRKT11029	Marketing Fundamentals
STAT11048	Essential Statistics
STAT20029	Statistics for Managerial Decisions

CQUniversity Australia - ECON11026: Principles of Economics

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