MAE201 - Competition and Industry
| Year: | 2020 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 2 hour class and 1 x 1 hour seminar per week |
| Scheduled learning activities - cloud (online) | Online independent and collaborative learning activities including 3 scheduled online seminars |
Content
This unit aims to extend microeconomics theory introduced in MAE101 to further explain the behaviour of consumers and firms in the market system. The topics studied at an intermediate level include: consumer decisions; the firm and models of production; strategic choices and the influence of markets structures on price and output levels among others. The unit allows for a more sophisticated understanding of how various policy levers can affect individual choices and welfare.
Hurdle requirement
Hurdle requirement: achieve at least 40% of the marks available on the examination
Unit Fee Information
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