MAE101 - Economic Principles

Year:

2021 unit information

Enrolment modes: Trimester 1: Warrnambool, Waterfront (Geelong), Cloud (online)
Trimester 2: Burwood (Melbourne), Cloud (online)
Trimester 3: Cloud (online)
Credit point(s): 1
EFTSL value: 0.125
Prerequisite:

Nil

Corequisite: Nil
Incompatible with: Nil
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

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

From Trimester 2 2021:

Campus: 1 x 1 hour class, 1 x 2 hour seminar per week; independent online learning activities via the unit site 

 

Scheduled learning activities - cloud (online)

Online independent and collaborative learning activities including 3 scheduled online seminars

From Trimester 2 2021:

Cloud (online): 1 hour class recording (or equivalent instructional videos), 1 x 1.5 hour online seminar per week; independent online learning activities via the unit site

Content

This unit is about the behaviour of consumers and producers and their interaction in the marketplace. The study of how markets operate is essential to understanding any form of economic behaviour in the global arena. The tools of market analysis developed in the unit provide the foundation for an understanding of issues such as coordinating people's needs with the world's limited resources, corporate pricing strategies, monopoly power, government regulation, the environment, income inequality, the economic relationships between countries and foreign trade.

Hurdle requirement

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

Unit Fee Information

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