MAE207 - International Welfare Economics
|Year||2016 unit information|
|Enrolment modes:||Trimester 2: Burwood (Melbourne), Cloud (online)|
For students commencing courses M300, M307, D301, D313, D317, D321, D322, D325, D338, D366 or D388 from T1 2016: MAA103, MAE101, MAF101, MIS171, MLC101, MMK101, MMM132, MWL101.
1 x 1 hour class per week, 1 x 2 hour compulsory seminar per week
The first part of this unit examines how the economist defines and measures economic welfare. This is followed by a discussion of the principal types of market failures, with an emphasis on externalised cost, information problems and business practices that damage the competitive process. Cyberspace or network activities will be distinguished from non-network ones.
Assessment 1 (Individual) - In class tests - 30%
Assessment 2 (Group of 2-3 students) - Two components totalling 30%:
-Written report equivalent to 3000 words - 20%
-Oral presentation -10%
Examination 2 hours - 40%
Hurdle Requirement: achieve at least 50% of the marks available on the examination