MAE201 - Competition and Industry
| Year: | 2023 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Waterfront (Geelong), Cloud (online) Trimester 2: Burwood (Melbourne), Cloud (online) |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Prerequisite: | MAE101 |
| Corequisite: | Nil |
| Incompatible with: | MAE206 |
| 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 1.5 hour online class per week and 1 x 1.5 hour seminar per week |
| Scheduled learning activities - cloud (online) | Online independent and collaborative learning activities including 3 scheduled online seminars |
Content
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)
Hurdle requirement
Hurdle requirement: Achieve at least 40% 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.
Unit Fee Information
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