MAE301 - Choice, Strategies and Dilemmas

Year: 2018 unit information
Enrolment modes: Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Cloud (online)
Credit point(s): 1
EFTSL value: 0.125
Unit chair:

Luca Colombo


MAE101, MAE201

Corequisite: Nil
Incompatible with: Nil
Contact hours:

Campus: 1 x 2 hour class, 1 x 1 hour seminar per week

Cloud (online): Online independent and collaborative learning activities including 3 scheduled online seminars


This unit begins by exploring individual rationality and decision making; it then builds upon this by considering behaviour in strategic interactions with others; it concludes by considering how individuals make decisions within groups. Throughout, the unit explores a variety of topics and applications including risk and uncertainty, paradoxes of choice, other-regarding preferences, the role of information in economic and social situations, the tragedy of the commons, and voting systems. The unit emphasises an understanding of analytical concepts in an intuitive and relevant manner, and includes behavioural extensions to neoclassical concepts in economics.


Assessment 1 (Individual) – Written assignment (2000 words) - 25%
Assessment 2 (Individual)- Written assignment (2000 words) - 25%
Examination (2 hours) - 50%
Hurdle requirement: achieve at least 50% of the marks available on the examination

Unit Fee Information

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