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Introductory microeconomics

ECB1101

Synopsis

This unit introduces the fundamental principles of microeconomics and their application in real-world business contexts. Topics include opportunity cost, supply and demand, consumer and firm behaviour, market structures, and welfare analysis. You will also explore government policy impacts and critically examine sources of market failure. The unit builds essential economic literacy for informed decision-making and provides a foundation for further study in economics and related disciplines.

Sourced from the Monash Handbook 2026.

Quick facts

Credit points
6
Level
1
Audience
Undergraduate
Type
Coursework
School
Faculty of Business and Economics
Faculty
Department of Economics
Handbook year
2026

Prerequisites

No prereqs in the handbook graph.

What it unlocks (32)

Offerings (1)

  • First semesterPeninsula · ON-CAMPUS