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MAE301 - Choice, Strategies and Dilemmas


2020 unit information

Important Update:

Classes and seminars in Trimester 2, 2020 will be online.

Last updated: 2 June 2020

Enrolment modes:Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 2: Luca Colombo

MAE101, MAE201

Incompatible with: Nil
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus:

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

Scheduled learning activities - cloud:

Online independent and collaborative learning activities including 3 scheduled online seminars


This 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.


These are the Learning Outcomes (ULOs) for this Unit
At the completion of this Unit, successful  students can:

Deakin Graduate Learning Outcomes


Gain enhanced knowledge of economic concepts.

GLO1: Discipline-specific knowledge and capabilities


Consider how economic concepts can be applied to a variety of contexts, as well as how different contexts call for different concepts. GLO4: Critical thinking


Isolate possible causes of current problems; consider alternate mechanisms as possible solutions.

GLO5: Problem solving


These Unit Learning Outcomes are applicable for all teaching periods throughout the year


Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week 
Assessment 1: (Individual) – Written assignment 2,000 words 25% Week 4
Assessment 2: (Individual)- Written assignment 2,000 words 25% Week 8
Examination 2-hours 50% Exam period

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

Hurdle requirement: achieve at least 50% of the marks available on the examination

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MAE301 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.

Unit Fee Information

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