UNIVERSITY OF NEW ENGLAND 
ECON101 - Introductory Microeconomics 
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 New England - ECON101: Introductory Microeconomics (Solutions)

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ACADEMIC YEAR 2024 - 2025

University	University of New England
Study Level	Undergraduate
UNE Unit Code	ECON101
UNE Unit Name	Introductory Microeconomics
Notes Title	Final Examination Guide and Notes
Page Length	121

Are you finding it challenging to study the vast amount of material required for your assessments and final examination in ECON101: Introductory Microeconomics at the University of New England? This newly released 2025 guide consists of 121 pages, divided into four parts, and provides all the study resources you need to enhance your skills and excel in your assessments and final examination. The guide includes comprehensive revision notes, sample exam questions with step-by-step working solutions, as well as valuable hints and tips for the final exam. It will be your secret weapon for acing the unit, saving you time, boosting your confidence in your knowledge, and allowing you to perform at your best on exam day.

Explore the relevance and practicality of economics to real-world decision making and develop the analytical skills to understand business and policy issues. 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). Throughout the unit, you will use contemporary examples to contextualise key concepts.

Upon completion of this unit, you 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

University of New England - ECON101: Introductory Microeconomics (Solutions)

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