MAE201 - Competition and Industry
| Year: | 2021 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 develop an understanding and ability to undertake economic analysis of consumer’s behaviour, firm’s behaviour and their interaction in a market economy. The topics studied at an intermediate level include: consumer’s choice and demand; firm’s cost and production; economic welfare under various market structures; strategic decision making/behaviour and its impact on the economic markets. The unit allows for a more sophisticated understanding of how various policy levers can affect individual choices and welfare. In the unit’s assessment, students get an opportunity to analyse and reflect on topical contemporary issues. 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) drop in crude-oil prices and their impact on household choices and well-being in oil-importing vs oil-exporting countries.
Hurdle requirement
Hurdle requirement: achieve at least 40% of the marks available on the examination
Unit Fee Information
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