MAE101 - Economic Principles


2024 unit information

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


Corequisite: Nil
Incompatible with: MAEM101
Study commitment

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

This will include educator guided online learning activities within the unit site.

Scheduled learning activities - campus

1 x 1 hour online lecture each week (recordings provided)  and  1 x 2 hour on-campus seminar (recordings provided) each week

Scheduled learning activities - online

1 x 1 hour online lecture (recordings provided)  and 1 x 2 hour online seminar each week


This unit introduces foundational concepts in economics that are essential to understanding the economic environment. The tools of analysis developed in the unit provide the foundation for understanding issues such as coordinating people's needs with the world's limited resources, the operation of competitive markets and monopolies, as well as understanding the role and consequences of government policies such as taxes. The unit also introduces students to key macroeconomic indicators such as economic growth, unemployment, inflation and the international sector. It provides insights for evaluating the working and the impacts of monetary and fiscal policy.

Unit Fee Information

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

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