Economics for Business Decision Making BUSS1040 Notes

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  • UniversityUniversity of Sydney
  • AreaBusiness and commerce
  • CourseBUSS1040 - Economics for Decision Making
  • Course CodeBUSS1040
1 Purchases
95%Verified Grade
  • Authortraveller
  • Created2016
  • Pages86
  • Approved5 October 2017

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About these notes

These are complete and clear course summary notes for Economics for Business Decision Making at University of Sydney. The course code is BUS1040


I used these notes as my main study preparation and they have been formatted to facilitate easy navigation and quick learning of the essential concepts.  The notes are extremely well structured and can be relied on for study in closed or open book exams. The notes are 86 pages of concise, exam focused material designed to anticipate the sorts of exam questions thereby ensuring that the student only focuses on knowing what is required to do well on the exam. These notes helped me achieve 95/100 in this course (and 49/50 in the final exam).


Some major topics covered in these notes include:

  • Discuss The Variables That Influence The Demand For Goods And Services
  • Define Price Elasticity Of Demand And Understand How To Measure It
  • Explain The Relationship Between Willingness To Pay, Marginal Benefit And Demand
  • Explain What A Perfectly Competitive Market Is And Why A Perfect Competitor Faces A Horizontal Demand Curve
  • Explain What A Monopoly Market Is And What Conditions Might Cause A Market To Be A Monopoly
  • Consider How A Monopolist Tries To Avoid The ‘Price Effect’ Of Reducing Prices To All Consumers To Sell Extra Output
  • Oligopoly
  • Outline The Properties Of An Extensive Form Game
  • Effects Of Taxes (And Subsidies)
  • GDP
  • Savings And Investment
  • Causes Of Recessions And The GFC


About the author: These notes are written by a University of Sydney Commerce student majoring in Econometrics and Finance. This student has average over 90% during the course of their degree.


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