MACQUARIE UNIVERSITY

ECON1020: Economics and Business Strategy

Final Examination Guide and Notes 2025

- 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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Macquarie University - ECON1020: Economics and Business Strategy

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ACADEMIC YEAR 2024 - 2025

University	Macquarie University
Study Level	Undergraduate
Unit Code	ECON1020
Unit Name	Economics and Business Strategy
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	121

Reinforce and practise the skills learned with step-by-step support from our best tutors in ECON1020: Economics and Business Strategy - at Macquarie University, helping you achieve your maximum potential. This is a complete revision guide that covers everything examinable for the unit, providing a comprehensive evaluation of all examinable topics. 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 in revising all the topics and preparing for the exam.

This unit is primarily concerned with the economic analysis of individual decision-making agents, the behaviour of firms and industries within markets. Students learn how a market-based economy works, what type of problems households and businesses face, and how the economic framework can be used to analyse the policy environment within which they operate. The unit also examines how technology spreads globally, social interactions and dilemmas, and concepts of fairness and ethics. The concepts are taught through a mix of tutorial questions that examine business and social trade-offs, and authentic practical examples. Students will gain business and economic skills and incorporate an appreciation of global, ethical and environmental context and social responsibility.

✔ On successful completion you will be able to:

identify and describe the contribution of economics to the appropriate management of contemporary business and social issues;
analyse and explain how principles of economics are relevant in analysing and describing decision-making by individuals, businesses and government;
AND - communicate solutions and apply theories and cost-benefit considerations to real-life economic problems and trade-offs.

UNIT CODE	UNIT NAME
ACCG1000	Accounting in Society
ACCG1001	Accounting and Governance
ACCG2000	Management Accounting
ACCG2024	Financial Accounting and Reporting
ACCG2051	Business and Corporations Law
ACCG3008	Corporate Accounting and Business Advisory
ACCG3020	Taxation Law and Practice
ACST1001	Finance Fundamentals
ACST2001	Financial Modelling
AFIN2050	Investments
AFIN3029	Derivative Instruments
AFIN3052	Applied Portfolio Management
AFIN3053	Advanced Corporate Finance
ECON1020	Economics and Business Strategy
ECON2003	Microeconomic Analysis and Applications
ECON2004	Macroeconomic Analysis and Applications
ECON2032	Econometric Principles
ECON2041	Introductory Econometrics
ECON3033	Econometric Methods
ECON3061	Economic and Business Forecasting
MGMT1002	Managing for Impact
MKTG1001	Marketing and Value Creation
STAT1103	Introduction to Psychological Design and Statistics
STAT1250	Business Statistics and Insights
STAT1371	Statistical Data Analysis

Macquarie University - ECON1020: Economics and Business Strategy

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