ECB1101 · Monash University
Introductory microeconomics
- Credit points
- 6
- Level
- 1
- Workload
- ≈ 12 h / week
- Faculty
- Business and Economics
What it covers
This unit introduces the core principles of microeconomics and their application to real-world business and policy contexts. You will examine opportunity cost, supply and demand, market structures, and welfare analysis, while exploring how government intervention and market failures affect efficiency, equity, and sustainability. The unit develops economic reasoning and analytical skills for informed and ethical decision-making in a global environment and builds essential economic literacy for further study in economics and related disciplines.
Assessment
| Task | Type | Weight |
|---|---|---|
| 3 - Examination | Examination | 50% |
| 1 - Quiz / Test | Quiz / Test | 20% |
| 2 - Exercise | Exercise | 30% |
When and where
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Peninsula | On-campus |