THE UNIVERSITY OF SYDNEY 
ECON1040 - Principles of Economics 
Final Examination Guide and Notes 2025 
 
- Part A: Revision Notes 
- Part B: Sample Final Examination Paper 
- Part C: Suggested Solutions to Final Exam Paper 
- Part D: Final Examination - Hints and Tips 
 
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ECON1040: Principles of Economics - University of Sydney

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ACADEMIC YEAR 2024 - 2025

University	University of Sydney
Study Level	Undergraduate
Unit Code	ECON1040
Unit Name	Principles of Economics
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	119

Are you finding it challenging to study the vast amount of material required for the final examination in ECON1040: Principles of Economics at the University of Sydney? This newly released study material for 2025 provides all the resources you need to enhance your skills and excel in your assessments and final examination. This set of notes includes comprehensive revision notes, sample exam questions with step-by-step solutions, as well as valuable hints and tips for acing the final exam. By utilising this resource, you can effectively manage your time, increase confidence in your knowledge, and achieve maximum performance on exam day.

This unit of study is designed for students who have an interest in economics and its application to critical issues in everyday life. Students will gain an understanding of how the economy works; how individuals, firms and governments form and shape their decisions using economic principles; and the role of public policy on outcomes including the trade-offs faced in making policy decisions. Students will develop skills to critically analyse real-world issues using the perspective of an economist, and communicate ideas and arguments about economics in a logical, coherent and evidenced based manner.

✔ Main topics covered:

Scarcity, Work & Choice
Social interactions, Power & Property
The firm and its customers
Supply & Demand: price taking & competitive markets
The labour market, Banks, Money & Credit market
Markets, Efficiency & Public policy
Unemployment & Fiscal Policy
Inflation, Unemployment & Monetary policy
Economic inequality & Social policy
Economics of the environment
International Trade

UNIT CODE	UNIT NAME
ACCT2011	Reporting on Business Performance
ACCT2019	Accounting Analysis for Management Decisions
ACCT3011	Reporting on Business Groups
BUSS1020	Quantitative Business Analysis
BUSS1030	Accounting, Business and Society
CLAW1001	Foundations of Business Law
CLAW3201	Australian Taxation System
ECMT1010	Introduction to Economic Statistics
ECON1001	Introductory Microeconomics
ECON1002	Introductory Macroeconomics
ECOS2001	Intermediate Microeconomics
ECMT1020	Introduction to Econometrics
ECMT3120	Applied Econometrics
ECMT3130	Forecasting for Economics and Business
ENVX1002	Introduction to Statistical Methods
FINC3019	Fixed Income Securities
FINC2011	Corporate Finance I
FINC2012	Corporate Finance II
FINC3012	Derivative Securities
FINC3017	Investments and Portfolio Management
MKTG1001	Marketing Principles
WORK1003	Foundations of Work and Employment

ECON1040: Principles of Economics - University of Sydney

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