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2022 unit information
MAE101
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.
1 x 1.5 hour online class per week and 1 x 1.5 hour seminar per week
Online independent and collaborative learning activities including 3 scheduled online seminars
This unit extends microeconomics topics introduced in MAE101 to develop a deeper understanding of how consumers and firms make optimal decisions and how economic welfare changes under various market structures. The unit also introduces the fundamentals of decision making under strategic interdependence in a variety of (non-) market settings involving individuals and firms. In the unit’s assessment, students get an opportunity to analyse and reflect on topical contemporary issues and policy challenges. Some past examples include (i) impact of urbanisation and female labour-force participation on family food choices across the world and the implications for climate change (ii) economic logic behind a tendency towards outsourcing and off-shoring of production by businesses in USA and Western Europe (iii)
Analyse individual decision making by consumers and firms and how various market structures affect economic efficiency
ULO2
Apply relevant microeconomic theories to evaluate real-world managerial and policy issues
ULO3
Analyse economic issues using geometric and quantitative tools
ULO4
Communicate microeconomic issues effectively through written English
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment 1: (Individual) Self evaluation
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5 %
To be confirmed
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 to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit.
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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