EDITH COWAN UNIVERSITY 
ECF1110: Fundamentals of Economics 
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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ECF1110: Fundamentals of Economics (Solutions) - at ECU

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ACADEMIC YEAR 2025 - 2026

University	Edith Cowan University
Unit Code	ECF1110
Unit Name	Fundamentals of Economics
Credit Points	15 CPs
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	122

Struggling with the extensive study material for ECF1110: Fundamentals of Economics at Edith Cowan University? This guide is your solution. Divided into four sections, it’s a comprehensive resource designed to bolster your understanding and performance in the final exam. The guide offers detailed revision notes, sample exam questions with thorough solutions, and invaluable advice for the final exam. It’s your secret tool for mastering the unit, saving study time, and boosting your confidence, enabling you to perform at your peak on the day of the exam.

In our personal lives and business careers, we face many choices as we try to make the best use of the limited resources available to us. This unit's main focus is 'economic literacy' - the ability to recognise, understand, and apply economic principles that give us insight into personal, corporate, and government behaviour (nationally and internationally). Its secondary focus is to introduce concepts that economists use to help them think logically about problems and their solutions. An understanding of economic concepts provides students with an 'economic toolkit' that will develop fundamental critical analytical skills, including the ability to read widely, objectively evaluate information, challenge assumptions and form evidence-based conclusions. There is considerable emphasis on applying economic concepts to the current economic climate in Australia and internationally.

✔ On completion of this unit students should be able to:

Articulate the influence of ethical values in decision-making using economic concepts.
Apply economic theories and models to contemporary business and social issues.
Critically appraise actions of governments, central banks, businesses, households and the global sectors to understand how policies and practices affect economic outcomes.
Communicate economic knowledge and information to diverse audiences, including the general public and policymakers.

✔ Unit Content:

Markets, demand and supply, and elasticity.
Market failures and government intervention.
Market structures.
Understanding macroeconomic indicators and economic growth.
Macroeconomic policies.
Introduction to international economics and finance.

UNIT CODE	UNIT NAME
ACC1100	Accounting I
ACC2250	Accounting II
ACC2350	Cost Accounting
ACC2700	Financial Reporting Standards
ECF1110	Economics I
ECF1120	Finance I
ECF2210	Capital Markets
ECF2222	Corporate Finance
ECF2226	Investment Finance
ECF3120	Financial Modelling
ECF3312	Financial Institutions Management
LAW1100	Legal Framework I
LAW2410	Income Tax Framework II
MAN1100	Management
MKT1600	Marketing Principles and Practices
MKT2605	Promotional Marketing
SBL1300	Business Environments and Markets
SBL1400	Introduction to Business Analytics

ECF1110: Fundamentals of Economics (Solutions) - at ECU

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