LA TROBE UNIVERSITY

ECO2CFC - Consumers, Firms and Competition

Final Examination Guide and Notes 2025

Part 01. About This Guide

Part 02. Sample Final Examination Paper

Part 03. Suggested Solutions to Final Exam Paper

Part 04. Final Examination - Hints and Tips

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La Trobe University - ECO2CFC: Consumers, Firms and Competition

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ACADEMIC YEAR 2024 - 2025

University	La Trobe University
Study Level	Undergraduate
Subject Code	ECO2CFC
Subject Name	Consumers, Firms and Competition
Notes Title	Final Examination Guide and Notes
Page Length	29

This comprehensive study aid will help you understand how the ECO2CFC: Consumers, Firms and Competition - Final Examination 2025 at La Trobe University will be assessed, structured, and the likely style and range of questions. The document has been thoroughly revised to incorporate the most recent updates from the latest edition of the exam. You do not need to be an expert in the subject; you just need a basic understanding and the ability to quickly recall the information that you learned. Use this guide as a reference tool to deepen your comprehension of key topics and enhance your performance during the end-of-semester final examination.

In this subject you will build on the knowledge developed in your first year economics subjects, developing skills that are essential for undertaking applied microeconomic policy analysis in both private and public sectors. You will focus on consumer and producer decisions using a range of approaches, considering market equilibrium under different degrees of competitiveness, including perfect competition, monopoly and the impact of market power.

On successful completion you will be able to:

apply analytical reasoning to demonstrate and explain the incentives faced by individuals, firms, other non-government groups, and the state;
analyse consumer, household, and producer decisions demonstrating and explaining relevant economic trade-offs; and,
use models of consumer and producer decision-making to critically evaluate the welfare implications of different equilibria and critically evaluate the case for policy interventions by government.

SUBJECT CODE	SUBJECT NAME
ACC1AMD	Fundamentals of Accounting
ACC2CAD	Management Accounting
ACC2CRE	Financial Accounting and Reporting
ACC3TAX	Taxation
BUS1AFB	Principles of Accounting and Finance
BUS1AFX	Accounting and Finance Fundamentals
BUS1BAN	Analysing Business Data
BUS1BUE	Economic Issues and Public Policy
BUS1ECW	Modern Economies in a Changing World
ECM2IE	Econometrics
ECM3ITE	Introduction to Time Series Econometrics
ECM3MEC	Modelling with Econometrics
ECO1RIG	Recessions, Inflation and Economic Growth
FIN1FOF	Fundamentals of Finance
FIN2FDR	Derivative Securities
FIN2SEV	Investment Securities
FIN3CFI	Corporate Finance
FIN3IPM	Portfolio Management
LAW3ITL	Income Taxation Law
LST2BSL	Introduction to Business Law and Ethics
MGT1FOX	Foundations of Management
MKT1MDP	Fundamentals of Marketing
MKT5MMA	Marketing Management
STA1IDA	Introduction to Data Analysis
STA1LS	Statistics for Life Sciences

La Trobe University - ECO2CFC: Consumers, Firms and Competition

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