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MAE301 - Choice, Strategies and Dilemmas

Unit details

Year2017 unit information
Enrolment modes:Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Cloud (online)
Credit point(s):1
EFTSL value:0.125
Unit chair:

L Colombo

Prerequisite:

MAE101, MAE201

Corequisite:Nil
Incompatible with: Nil
Contact hours:

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

Cloud (online): Learning experiences are via CloudDeakin

Content

The unit begins by exploring individual rationality and decision making; it then builds upon this by considering behaviour in strategic interactions with others; it concludes by considering how individuals make decisions within groups. Throughout, the unit explores a variety of topics and applications including risk and uncertainty, paradoxes of choice, other-regarding preferences, the role of information in economic and social situations, the tragedy of the commons, and voting systems. The unit emphasises an understanding of analytical concepts in an intuitive and relevant manner, and includes behavioural extensions to neoclassical concepts in economics.

Assessment

Assessment 1 (Individual) – Written assignment (2000 words) - 25%
Assessment 2 (Individual)- Written assignment (2000 words) - 25%
Examination (2 hours) - 50%
Hurdle requirement: achieve at least 50% of the marks available on the examination

Unit Fee Information

Unit fee information available soon

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