Can someone please help me out!
I don't get why alkanoic acids are generally more soluble than alkanols. I know it's something to do with the fact that the COOH group of the alkanoic acid contains the double covalent bond between C and O, but I'm a little unsure.
Additionally, in my chemistry textbook it is written: "Alkanoic acids are stronger acids than their corresponding alcohols because the —OH group is more polarised in the —COOH group by the presence of the highly electronegative O atom of C=O. This =O atom attracts the electrons towards it and away from the —OH group. Therefore, the H is more weakly bonded to O and is more easily donated."
Since the electrons are attracted towards the C=O and away from the -OH group, does this mean electrostatic forces of attraction in the -OH decrease, resulting in H being more weakly bonded to O and thus more easily able to be donated?
Cheers 
What happens is that if you have more electron density dragged out of the carbon, it will then attract electrons from the OH group. The oxygen atom, now having less electron density, pulls electron density from the hydrogen, reducing the electron density in the actual bond. As a result, the OH bond weakens a lot. You can see this in that the alkanol OH stretch is at a higher IR absorption than that of the acid OH stretch.
This reminds me of revising for something rather important which I cannot quite identify at this very moment :p
By the way Thushan, does the thermodynamics covered in CHM1011 help with unit 4 chemistry?
Assuming Monash CHM1011 is anything at all like first year chem at UoM, maybe a bit. I mean you'll get better with adding/manipulating enthalpies and you'll understand the true meaning of electrode potentials, so that will help.