MAE201 - Competition and Industry

Year:

2022 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 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 examination

Unit Fee Information

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