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MAE101 - Economic Principles

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

H Jia

Prerequisite:

Nil

Corequisite:Nil
Incompatible with: Nil
Contact hours:

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

Note: You will need to access substantial learning resources and experiences in CloudDeakin (Deakin’s online learning environment). Compliance with the Standards in computing, connectivity and student capability are a condition on your enrolment.

Content

This unit is about the behaviour of consumers and producers and their interaction in the marketplace. The study of how markets operate is essential to understanding any form of economic behaviour in the global arena. The tools of market analysis developed in the unit provide the foundation for an understanding of issues such as coordinating people's needs with the world's limited resources, corporate pricing strategies, monopoly power, government regulation, the environment, income inequality, the economic relationships between countries and foreign trade.

Assessment

Assessment 1 (Individual) - Written assignment (which may include a digital presentation, group) – graphs, calculations using digital technologies, explanations, 2000 words 25%,

Assessment 2 (Individual) - Aplia: Cloud (online) quizzes and experiments 15%,

Examination 2 hours 60%.

Hurdle requirement: achieve at least 50% of the marks available on the examination.

Unit Fee Information

Student Contribution Rate*Student Contribution Rate**Fee rate - Domestic Students Fee rate - International students
$1260$1260$2594$2754

* Rate for all CSP students, except for those who commenced Education and Nursing units pre 2010
** Rate for CSP students who commenced Education and Nursing units pre 2010
Please note: Unit fees listed do not apply to Deakin Prime students.

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