MAE301 - Choice, Strategies and Dilemmas


2023 unit information

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

MAE101, MAE201

Corequisite: Nil
Incompatible with: Nil
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, 1 x 1 hour seminar per week

Scheduled learning activities - cloud (online)

Online independent and collaborative learning activities including 3 scheduled online seminars


This unit begins by exploring individual rationality and decision making; it then builds upon this by considering behaviour in strategic interactions with others; it concludes by considering how individuals make decisions within groups. Throughout, the unit explores a variety of topics and applications including risk and uncertainty, paradoxes of choice, other-regarding preferences, the role of information in economic and social situations, the tragedy of the commons, and voting systems. The unit emphasises an understanding of analytical concepts in an intuitive and relevant manner and includes behavioural extensions to neoclassical concepts in economics.

Hurdle requirement

Hurdle requirement: Achieve at least 50% 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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