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|Prerequisite:||MAE101 and MAE102|
|Contact hours:||1 x 2 hour lecture, 1 x 1 hour tutorial per week|
|Note: Online teaching methods require internet access. Please refer to the most current computer specifications.|
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.
Test(s) (Written in class x 2 20% each) 40%, 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**||Student Contribution Rate***||Fee rate - Domestic Students||Fee rate - International students|
* Student contribution rate for Commonwealth Supported students who commenced studies from 2010
** Student contribution rate for Commonwealth Supported students who commenced studies from 2009
*** Student contribution rate for Commonwealth Supported students who commenced studies from 2008
Please note: Unit fees listed do not apply to Deakin Prime students.