THE UNIVERSITY OF ADELAIDE 
ECON 1012 - Principles of Economics I 
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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University of Adelaide

University of Adelaide - ECON 1012: Principles of Economics I

$35.00

ACADEMIC YEAR 2024 - 2025

University	University of Adelaide
Study Level	Undergraduate
Course Code	ECON 1012
Course Name	Principles of Economics I
Notes Title	Final Examination Guide and Notes
Page Length	121

Reinforce and practise skills learned with step-by-step support from our best tutors in the ECON 1012: Principles of Economics I, University of Adelaide to help you achieve your maximum potential. This is a complete revision guide of everything that is examinable for this course. Every learning outcome that can be tested is explored in depth and diagrams are provided to aid retention. As soon as sample exams are made available, you will be exposed to the types of questions you will see in the real exam. This guide is extremely helpful for you to revise all the topics and with the exam. Available in both PDF and paperback formats, students have the option to request a paperback version on the checkout page.

This course provides an introduction to a broad range of economic concepts, theories and analytical techniques. It considers both microeconomics - the analysis of choices made by individual decision-making units (households and firms) - and macroeconomics - the analysis of the economy as a whole. The use of a market, supply and demand, model will be the fundamental model in which trade-offs and choices will be considered through comparison of costs and benefits of actions. Production and market structure will be analysed at the firm level. Macroeconomic issues regarding the interaction of goods and services markets, labour and money at an aggregate level will be modelled. The role of government policy to address microeconomic market failures and macroeconomic objectives will be examined.

✔ The main topics explored include:

Choices, Trade-offs & Comparative Advantage
Production Costs & Supply
Consumer Choice & Demand
Supply & Demand in Equilibrium
Government Policy
Market Power & Imperfect Competition
Aggregate Demand & Supply
Labour & Unemployment
Money & Inflation
Monetary & Fiscal Policy
International Trade & Exchange Rate

COURSE CODE	COURSE NAME
ACCTING 1004	Accounting Foundations
ACCTING 2500	Cost and Management Accounting
ACCTING 2501	Financial Accounting
ACCTING 3501	Corporate Accounting
COMMGMT 1001	Managing Organisations and People
COMMLAW 1004	Commercial Law I
COMMLAW 3500	Income Tax Law III
CORPFIN 1002	Business Finance
CORPFIN 2501	Financial Institutions Management
CORPFIN 2502	Business Valuation
CORPFIN 3501	Portfolio Theory Management
CORPFIN 3502	Options, Futures and Risk Management
ECON 1008	Data Analytics I
ECON 1012	Principles of Economics I
ECON 2514	Managerial Economics II
ECON 2515	Intermediate Applied Econometrics II
ECON 2507	Intermediate Macroeconomics II
ECON 3502	Econometrics III
MARKETNG 1001	Introduction to Marketing
STATS 1000	Statistical Practice I

University of Adelaide - ECON 1012: Principles of Economics I

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