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MAE903 - Advanced Economic Theory

Year:

2023 unit information

Enrolment modes:Trimester 1: Burwood (Melbourne)
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Yves Sprumont
Cohort rule:

Must be enrolled in M800 or M900

Prerequisite:

Nil

Corequisite:Nil
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 per week

Content

This unit is concerned with microeconomic theory. The unit analyses the behaviour of economic agents such as consumers and producers, and their strategic interaction in the market economy. The unit deals with topics such as game theory, information economics, and agency theory.  The unit provides a bridge to advanced research.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Analyse both normal-form and extensive form games with complete information.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving

ULO2

Evaluate consumer choice including under uncertainty.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving

ULO3

Use production theory to explain production decisions.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving

ULO4

Explain general equilibrium models and their contribution to welfare analysis.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving

ULO5

Communicate ideas and important concepts effectively.

GLO1: Discipline-specific knowledge and capabilities
GLO2: Communication

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1: (Individual) Solving math equations 500 words 20% Information not yet available
Assessment 2: (Individual) Solving math equations 500 words 20% Information not yet available
Assessment 3: (Individual) Solving math equations 500 words 20% Information not yet available
EoUA task: Written Response Test 3 hours 40% End of Unit Assessment 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 end of unit assessment task to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit. 

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MAE903 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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