MACQUARIE UNIVERSITY 
ECON2003: Microeconomic Analysis and Applications 
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 
 
The 24/7 Online Support You Deserve 
Need to reach out to us with questions or for help? You’ll connect with a private tutor who is extremely passionate about the unit to provide assistance and help ensure that you’re on the right track to graduating. 
 
Looking for more study resources? 
Find out about all the services and resources available for students at Macquarie University

ECON2003: Microeconomic Analysis and Applications (Solutions)

$35.00

ACADEMIC YEAR 2024 - 2025

University	Macquarie University
Department	Economics
Unit Code	ECON2003
Credit Points	10
Unit Name	Microeconomic Analysis and Applications
Notes Title	Final Examination Guide and Notes
Page Length	30

This comprehensive guide helps you understand how the final examination for ECON2003: Microeconomic Analysis and Applications at Macquarie University in 2025 will be assessed and structured, along with the likely style and range of questions that may be asked. This self-study set has been updated to cover all the topics contained in the latest edition of the exam. You do not need to be an expert in the unit, you just need a basic understanding and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final exam.

This unit provides a deep analysis of the behaviour of consumers and businesses, building on supply and demand concepts learned in ECON1020. The unit includes a deeper dive into consumer behaviour and demand, before turning to business behaviour and supply, including rigorous analysis of optimal business pricing and production strategies depending on the competitive environment that the business faces. The concepts of business ethics and sustainability are also covered. The unit includes numerous empirical examples to bridge the gaps between theory and practice, and to allow students to use microeconomics in a practical way.

Main topics to be covered:

Consumer Behaviour
Individual and Market Demand
Producer Behaviour; Costs
Perfect Competition; Monopoly
Monopoly, Pricing Strategies for Firms with Market Power
Imperfect Competition
Game Theory
Factor Markets
General Equilibrium
Asymmetric Information
Public Economics and Externalities

Prerequisites: ECON1020 or FOSE1005 or FOSE1015 or FOSE1025 or STAT1170.

UNIT CODE	UNIT NAME
ACCG1000	Accounting for Decision Making
ACCG1001	Accounting and Governance
ACCG2000	Cost Analysis and Managerial Decision Making
ACCG2024	Financial Accounting and Reporting Analysis
ACCG2051	Governance, Business and Corporations Law
ACCG3008	Business and Risk Advisory
ACCG3020	Tax in Practice
ACST1001	Finance Fundamentals
AFIN1002	Corporate Finance and Capital Markets
AFIN2050	Investments
AFIN3029	Derivative Instruments
AFIN3052	Applied Portfolio Management
AFIN3053	Advanced Corporate Finance
ECON1020	Economics and Business Strategy
ECON2003	Microeconomic Analysis and Applications
ECON2004	Macroeconomic Analysis and Applications
ECON2041	Introductory Econometrics
MGMT1002	Managing for Impact
MKTG1001	Marketing and Value Creation
STAT1103	Introduction to Psychological Design and Statistics
STAT1250	Business Statistics and Insights
STAT1371	Statistical Data Analysis

ECON2003: Microeconomic Analysis and Applications (Solutions)

INFORMATION

UNIT DESCRIPTION

RELATED UNITS