MAE201 - Competition and Industry

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 1: Burwood (Melbourne), Waterfront (Geelong), Online
Trimester 2: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Samarth Vaidya
Trimester 2: Acelya Altuntas
Prerequisite:

MAE101

Corequisite:Nil
Incompatible with: MAE206
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 1.5 hour online lecture (recordings provided) and 1 x 1.5 hour on-campus seminar (recordings provided) each week.

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

1 x 1.5 hour recorded lecture each week and 1 x 1.5 hour online seminar in weeks seminar 4, 7, and 10.

Content

This unit builds upon the microeconomics topics introduced in MAE101 to develop a deeper understanding of how consumers make choices to maximise their well-being and how firms make choices about inputs to minimize their production costs. The unit examines varying degrees of business competition in the marketplace and how this affects the distribution of gains between consumers and businesses. The unit also explores the fundamentals of strategic decision making by introducing game theory, which has broad applications in real-world situations ranging from pricing decisions by competing airline companies to choices about policy platforms of rival political parties competing in elections. In the unit’s assessment, students get an opportunity to analyse and reflect on topical contemporary issues and policy challenges. Some past examples include (i) the impact of changing cost of living pressures on household choices and their well-being, and the role of policy in addressing these challenges (ii) impact of urbanisation and female labour-force participation on family food choices across the world and the implications for climate change (iii) economic logic behind a tendency towards outsourcing and off-shoring of production by businesses in USA and Western Europe.

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

Analyse individual decision making by consumers and firms and how various market structures affect economic efficiency.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Apply relevant microeconomic theories to evaluate real-world managerial and policy issues.

GLO5: Problem solving

ULO3

Analyse economic issues using geometric and quantitative tools.

GLO5: Problem solving

ULO4

Communicate microeconomic issues effectively through written English.

GLO2: Communication

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week

Assessment 1: (Individual) Self evaluation

-

 5 %

Week 5

Assessment 2: (Individual) 2 x Online Multiple-Choice Quiz - 20% (10% each)

Quiz 1: Week 8
Quiz 2: Week 11

Assessment 3: (Individual) Problem based written assignment 1500 words 25%

Week 9

End-of-unit assessment task: Written 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: MAE201 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

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