2020 unit information
Classes and seminars in Trimester 2, 2020 will be online.
Last updated: 2 June 2020
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.
1 x 2 hour class and 1 x 1 hour seminar per week
Online independent and collaborative learning activities including 3 scheduled online seminars
This unit aims to extend microeconomics theory introduced in MAE101 to further explain the behaviour of consumers and firms in the market system. The topics studied at an intermediate level include: consumer decisions; the firm and models of production; strategic choices and the influence of markets structures on price and output levels among others. The unit allows for a more sophisticated understanding of how various policy levers can affect individual choices and welfare.
These are the Learning Outcomes (ULO) for this Unit At the completion of this Unit, successful students can:
Analyse individual decision making by consumers and firms and how various market structures affect economic efficiency.
Apply relevant microeconomic theories to evaluate real-world managerial and policy issues.
Analyse economic issues using geometric and quantitative tools.
Communicate microeconomic issues effectively through written English.
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
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.
Hurdle requirement: achieve at least 40% of the marks available on the examination
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.
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