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MAE207 - International Welfare Economics

Unit details

Year2016 unit information
Enrolment modes:Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s):1
EFTSL value:0.125
Unit chair:

A Torre

Prerequisite:

MAE101

Corequisite:

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.

Incompatible with: Nil
Contact hours:

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

Content

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

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

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