MAE101 - Economic Principles
Unit details
| Year | 2017 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Warrnambool, Waterfront (Geelong), Online Trimester 2: Burwood (Melbourne), Online Trimester 3: Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit chair: | Elizabeth Manning (Trimester 1), Chris Doucouliagos (Trimester 2), Mokhtarul Wadud (Trimester 3) |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Contact hours: | Campus: 2 x 1 hour classes, 1 x 1 hour seminar per week Cloud (online): Online independent and collaborative learning activities including 3 scheduled online seminars |
Content
This unit is about the behaviour of consumers and producers and their interaction in the marketplace. The study of how markets operate is essential to understanding any form of economic behaviour in the global arena. The tools of market analysis developed in the unit provide the foundation for an understanding of issues such as coordinating people's needs with the world's limited resources, corporate pricing strategies, monopoly power, government regulation, the environment, income inequality, the economic relationships between countries and foreign trade.
Assessment
Assessment 1 (Individual) - Written assignment – includes graphs and/or calculations using digital technologies, finding and presenting information and/or data, explanations, analysis and critique (2000 words) - 25%
Assessment 2 (Individual) - Aplia: online quizzes and experiments - 15%
Examination (2 hours) - 60%
Hurdle requirement: achieve at least 50% of the marks available on the examination
Unit Fee Information
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