UNIVERSITY OF NEW ENGLAND 
Microeconomics I: Understanding Markets, Prices and Competition (ECON101)
Final Examination Guide and Notes 2026 
 
Part 01. Revision Notes 
Part 02. Sample Final Examination 
Part 03. Detailed Solutions and Explanations 
Part 04. Final Examination - Hints and Tips 
 
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Microeconomics I: Understanding Markets, Prices and Competition - ECON101

$35.00

ACADEMIC YEAR 2025 - 2026

University	University of New England
Study Level	Undergraduate
Unit Code	ECON101
Unit Name	Microeconomics I: Understanding Markets, Prices and Competition
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	121

Strengthen and practise the skills gained with step-by-step guidance from our top tutors in ECON101 at the University of New England, helping you reach your full potential. This comprehensive revision guide covers all examinable material for the unit. Inside, you’ll find a detailed analysis of every examinable topic outlined in advance. Each learning outcome is thoroughly explored, with diagrams included to support understanding and retention. This guide is an invaluable resource for revising all topics and preparing effectively for the final exam.

This introductory microeconomics unit will enhance your knowledge of key concepts such as how markets work (including demand, supply, elasticities, economic efficiency, market structures), how firms make production decisions (considering technology, production and costs), the role of government in markets (market failure) and international trade and trade policies (comparative advantage, tariffs, quotas).

✔ Upon completion of this unit, students will be able to:

Demonstrate a foundational understanding of the key concepts and principles in economics and their application to decision making relevant to real-world business and policy issues;
Demonstrate proficiency in analysing graphical and mathematical material;
Use a range of cognitive and communication skills to identify, evaluate and synthesise relevant information drawn from a range of sources in order to demonstrate judgement, creative thinking and analytical skills in solving business-related problems;
Work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills; and,
Demonstrate the ability to recognise, reflect on, and respond appropriately to a range of ethical issues involved in economics in influencing the practice of business.

UNIT CODE	UNIT NAME
AFM101	Introduction to Financial Accounting
AFM103	Introductory Finance
AFM112	Introduction to Management Accounting
AFM211	Intermediate Financial Accounting
AFM231	Corporate Finance
AFM242	Financial Instruments and Markets
AFM305	Advanced Financial Accounting
AFM332	Security Analysis and Portfolio Management
ECON101	Introductory Microeconomics
ECON102	Introductory Macroeconomics
ECON201	Intermediate Microeconomics
ECON202	Intermediate Macroeconomics
ECON271	Introductory Econometrics
LAW100	Foundations of Law
LSSU251	Introduction to Business Law
LSSU592	Taxation Law
MM110	Fundamentals of Marketing
MM200	Managing People and Organisations
QM161	Business Statistics
QM162	Introduction to Business Analytics

Updated for 2026

Microeconomics I: Understanding Markets, Prices and Competition - ECON101

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