Economic Essentials for Business (ECON100) lecture notes

4.75/5 Staff Rating 71 Pages ECON100
Economic Essentials for Business lecture notes summarising ECON100 at the University of Wollongong. 71 page notes were written in 2021.

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Summary Source lectures
Class Year 2021
Grade 82%
Author Penac

About These Notes

These notes contain weekly lecture summaries of the ECON100: Economic Essentials for Business subject. They cover weeks 1 to 12. Diagrams are used to visually express the theories. Covered contents are:

  • Introduction: Review of Subject Outline & Foundations and models
  • Choices and Trade offs in the Market
  • How are Market Prices Determined?
  • Responsiveness to Price Changes: Elasticity
  • Technology, Production and Costs
  • Perfectly Competitive Markets
  • Monopoly Markets and Price Discrimination
  • Microeconomic Policy
  • GDP and Economic Growth
  • The AD/AS Model
  • Money, Banks and the RBA.
  • Monetary Policy
  • Fiscal Policy
  • Macroeconomics in an Open Economy

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