RMIT UNIVERSITY

ECON1020: Prices and Markets

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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RMIT University - ECON1020: Prices and Markets

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ACADEMIC YEAR 2025 - 2026

University	RMIT University
Study Level	Undergraduate
Course Code	ECON1020
Course Name	Prices and Markets
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	121

Feeling overwhelmed by the amount of material awaiting your study for the final examination in ECON1020: Prices and Markets - at RMIT University? This newly released guide consists of 121 pages divided into four parts, providing all the resources you need to enhance your skills and excel in your exam. The document includes comprehensive revision notes, sample exam questions with step-by-step solutions, as well as valuable final exam hints and tips. This guide will be your secret weapon for acing the course, saving you time, boosting your confidence in your knowledge, and enabling you to perform at your best on exam day!

ECON1020: Prices and Markets is a study of microeconomic theory and its applications. The purpose of this course is to introduce you to key microeconomic concepts and analytical techniques, and to apply these to a variety of real-world economic phenomena in a systematic and rigorous way. It focuses on how consumers, firms and government interact in markets in a manner that gives rise to prices.

✔ Learning Outcomes:

Identify appropriate foundational microeconomics theories and techniques to apply in the business environment;
Apply the economic method to systematically and rigorously analyse economic phenomena;
Analyse microeconomic issues within the frameworks of modern microeconomic models and analytical techniques to explain and predict the outcomes of changes in a variety of economic variables;
Identify and assess, in a microeconomic framework, the economic issues confronted by individual decision makers and by society as a whole to guide economic decision making;
Characterise the link between market structures and market outcomes to explain and predict price, output and strategic outcomes in different markets;
Analyse and evaluate public policy to determine its economic and societal welfare consequences.

COURSE CODE	COURSE NAME
ACCT1046	Accounting in Organisations and Society
ACCT1048	Financial Accountability and Reporting
ACCT1060	Managerial Advisory Finance
ACCT1064	Cost Analysis and Organisational Decisions
ACCT2033	Financial Accounting and Analysis
BAFI1002	Financial Markets and Institutions
BAFI1008	Corporate Finance
BAFI1018	International Finance
BAFI1026	Derivatives and Risk Management
BAFI1042	Equity Investment and Portfolio Management
BUSM4176	Introduction to Management
ECON1010	Macroeconomics 1
ECON1020	Prices and Markets
ECON1030	Business Statistics 1
ECON1048	Managerial and Business Economics
ECON1061	Forecasting and Quantitative Analysis
ECON1066	Basic Econometrics
LAW2442	Business Law
LAW2471	Taxation Law and Practice
MATH2204	Time Series and Forecasting
MKTG1025	Marketing Principles

TOVO.

RMIT University - ECON1020: Prices and Markets

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