MAE101 - Economic Principles

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 1: Burwood (Melbourne), Warrnambool, Waterfront (Geelong), Online
Trimester 2: Burwood (Melbourne), Online
Trimester 3: Online
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Aaron Nicholas
Trimester 2: Munirul Nabin
Trimester 3: Aydogan Ulker
Prerequisite:

Nil

Corequisite:Nil
Incompatible with: MAEM101
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

This will include educator guided online learning activities within the unit site.

Educator-facilitated (scheduled) learning activities - on-campus unit enrolment:

1 x 1 hour online lecture each week (recordings provided)  and  1 x 2 hour on-campus seminar (recordings provided) each week

Educator-facilitated (scheduled) learning activities - online unit enrolment:

1 x 1 hour online lecture (recordings provided)  and 1 x 2 hour online seminar each week

Content

This unit introduces foundational concepts in economics that are essential to understanding the economic environment. The tools of analysis developed in the unit provide the foundation for understanding issues such as coordinating people's needs with the world's limited resources, the operation of competitive markets and monopolies, as well as understanding the role and consequences of government policies such as taxes. The unit also introduces students to key macroeconomic indicators such as economic growth, unemployment, inflation and the international sector. It provides insights for evaluating the working and the impacts of monetary and fiscal policy.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Describe and interpret key microeconomic and macroeconomic concepts and tools, including graphs and basic algebra.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Apply key microeconomic and macroeconomic concepts and tools to economic questions.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

ULO3

Obtain and analyse data and/or information related to a real-world issue.

GLO1: Discipline-specific knowledge and capabilities
GLO3: Digital literacy
GLO4: Critical thinking

ULO4

Critique approaches to economic issues in a global and multiple-perspective context.

GLO8: Global citizenship

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1: (Individual) Problem Based Written Assignment 2000 words 30% Week 7
Assessment 2: (Individual) Online quizzes - 20% Week 3, 4, 5, 8, 9, 10

Examination- Specified Resources

2 hours 50% End-of-unit assessment period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MAE101 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

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