University Course Planner The University of Adelaide Australia

ECON 1012 - Principles of Economics I

Career: Undergraduate
Units: 3
Term: 4005
Campus: North Terrace
Contact: Up to 3 hours per week. Intensive in Summer Semester.
Available for Study Abroad and Exchange: Yes
Available for Non-Award Study: Yes
Incompatible: ECON 1000, ECON 1004, WINEMKTG 1026EX
Assessment: Typically, tutorial assignments, online learning activity and final exam.

This course provides an introduction to a broad range of economic concepts, theories and analytical techniques. It considers both microeconomics - the analysis of choices made by individual decision-making units (households and firms) - and macroeconomics - the analysis of the economy as a whole. The use of a market, supply and demand, model will be the fundamental model in which trade-offs and choices will be considered through comparison of costs and benefits of actions. Production and market structure will be analysed at the firm level. Macroeconomic issues regarding the interaction of goods and services markets, labour and money at an aggregate level will be modelled. The role of government policy to address microeconomic market failures and macroeconomic objectives will be examined.

Course Fees

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Student Status


What type of place are you studying in

Commonwealth supported
Full fee paying

Study Level

Postgraduate Coursework
Non Award

Program of Study

Study Abroad student tuition fees are available here

Only some Postgraduate Coursework programs are available as Commonwealth Supported. Please check your program for specific fee information


Course Outline

A Course Outline which includes Learning Outcomes, Learning Resources, Learning & Teaching for this course may be accessed here

Critical Dates

Term Last Day to Add Online Census Date Last Day to WNF Last Day to WF
4005 Tue 14/01/2020 Thu 16/01/2020 Mon 10/02/2020 Wed 26/02/2020

Class Details

Enrolment Class: Tutorial
Class Nbr Section Size Available Dates Days Time Location
92077 TU02 40 7 9 Jan - 13 Feb Thursday 1pm - 3pm Nexus10, UB35, Teaching Room
Automatic Enrolment Class: Lecture
Class Nbr Section Size Available Dates Days Time Location
92076 LE01 40 7 8 Jan - 12 Feb Wednesday 10am - 12pm Marjoribanks, 126, SANTOS Lecture Theatre
9 Jan - 13 Feb Thursday 10am - 12pm Napier, G04, Lecture Theatre