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UnitLevel 1Undergraduate

ECC1000 Principles of microeconomics

Faculty of Business and Economics

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ECC1000 Principles of microeconomics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2026 in Semester 1 and Semester 2 at Clayton. It has no prerequisites and unlocks 33 units, leading on to 77 units in all.

Credit points
6
Offered in 2026
Semester 1, Semester 2
Clayton
Assessment
Exam 50%
and 2 other tasks
Workload
144 hours
per semester

This is the 2026 handbook entry. See the 2027 entry.

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Requisites

Before ECC1000

Prohibitions

You can't enrol if you have passed any of these.

One of

After ECC1000

33 units list ECC1000 as a prerequisite or corequisite.

Show 25 more

Enrolment rules

If you are enrolled in course B2007 you cannot undertake this unit.

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 level.  You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study.  You should self-assess your maths competency prior to enrolling in this unit.

Overview

This unit introduces the core principles of microeconomics and how they explain decision-making by individuals, firms and governments. You will learn key tools such as supply, demand and market equilibrium, and apply them to everyday economic situations. The unit then examines consumer behaviour, firm production and cost decisions, and how different market structures shape prices, output and strategic choices. You will also be introduced to more advanced topics, including consumer choice theory, behavioural economics and game theory. Throughout the unit, you will use economic reasoning and graphical analysis to interpret real-world issues—such as policy design, inequality and global market differences—developing skills for evidence-based decision-making in business and economics.

Offerings in 2026

Teaching periodCampusMode
First semesterClaytonBlended
Second semesterClaytonOn campus

Assessment

  • Exercise
    20%
  • Quiz / Test
    30%
  • Examination
    50%

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    FIRST SEMESTER: understand the 'economic way of thinking' about a broad range of individual, business and government choices and decisions

    SECOND SEMESTER: apply economic concepts to analyse how individuals, firms and governments make economic decisions in competitive and non-competitive market contexts

  2. 2

    FIRST SEMESTER: apply economic principles to explain and analyse economic institutions, economic decisions and performance

    SECOND SEMESTER: use graphical and quantitative tools to evaluate how markets allocate resources and how prices adjust in response to economic shocks and policy interventions

  3. 3

    FIRST SEMESTER: recognise regulatory and political environments and how they impact on business.

    SECOND SEMESTER: communicate economic insights clearly and professionally, using appropriate economic concepts and evidence in diverse real-world contexts

  4. 4

    SECOND SEMESTER: evaluate the equity, efficiency, ethical and societal implications of economic decisions in real-world contexts

  5. 5

    SECOND SEMESTER: contribute problem-solving ideas in a team setting.

Workload and teaching

  • Applied sessions12 hours
  • Workshops24 hours
  • Assessments4 hours
  • Teaching approachProblem-based learning
  • Teaching approachActive learning
  • Teaching approachEnquiry-based learning
  • Teaching approachCase-based teaching

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.

This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.

This unit engages you in enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.

This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.

Learning resources

Required resources

The Economy 2.0: Microeconomics, from CORE Econ.

Where it fits

ECC1000 is part of 1 area of study in the 2026 handbook.

Contacts

Unit Coordinators
Guillaume Roger
Professor Zhijun Chen
Mallory Avery
Professor Erte Xiao
Chief Examiners
Anthony Niu
Mallory Avery

Common questions

What are the prerequisites for ECC1000?

ECC1000 has no prerequisites, but enrolment rules apply.

What can I take after ECC1000?

ECC1000 is a prerequisite or corequisite for 33 units, including BFB2140, BFC2140, BFF2140, BFX2140, ECB2731 and ECB3143. Those lead on to 77 units in all.

When is ECC1000 offered?

In 2026, ECC1000 runs in Semester 1 and Semester 2 at Clayton.

How much work is ECC1000?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ECC1000 have an exam?

Yes. The exam is worth 50% of the final mark, alongside 2 other tasks.

Which majors and minors include ECC1000?

ECC1000 is part of Economics.

More details

Credit points
6
Level
1
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Economics
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Available
Handbook years
20202021202220232024202520262027