MAE101 - Economic Principles
Unit details
| Year: | 2019 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 |
| Trimester 1 Unit Chair: | Elizabeth Manning |
| Trimester 2 Unit Chair: | Chris Doucouliagos |
| Trimester 3 Unit Chair: | Andrew Torre |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | MAEM101 |
| Scheduled learning activities - campus: | 2 x 1 hour classes, 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 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 (2,000 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
From Trimester 2 2019
Assessment 1: (Individual) - Written assignment – includes graphs and/or calculations using digital technologies, finding and presenting information and/or data, explanations, analysis and critique (2,000 words) 30%
Assessment 2: (Individual) - Aplia: online quizzes and experiments 20%
Examination: (2-hours) 50%
Hurdle requirement
From Trimester 2 2019
Hurdle requirement: Nil
Unit Fee Information
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