MAE101 - Economic Principles
Unit details
| Year: | 2023 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Warrnambool, Waterfront (Geelong), Online Trimester 2: Burwood (Melbourne), Online Trimester 3: Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 1: Munirul Nabin Trimester 2: Aaron Nicholas Trimester 3: Aydogan Ulker |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | MAEM101 |
| Typical 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 1 hour class, 1 x 2 hour seminar per week; independent online learning activities via the unit site |
| Scheduled learning activities - online: | 1 hour class recording (or equivalent instructional videos), 1 x 2 hour online seminar per week; independent online learning activities via the unit site |
Content
This unit introduces foundational concepts in economics that are essential to understanding the economic environment. The tools of analysis developed in the unit provide the foundation for understanding issues such as coordinating people's needs with the world's limited resources, the operation of competitive markets and monopolies, as well as understanding the role and consequences of government policies such as taxes. The unit also introduces students to key macroeconomic indicators such as economic growth, unemployment, inflation and the international sector. It provides insights for evaluating the working and the impacts of monetary and fiscal policy.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Describe and interpret key microeconomic and macroeconomic concepts and tools, including graphs and basic algebra. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Apply key microeconomic and macroeconomic concepts and tools to economic questions. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Obtain and analyse data and/or information related to a real-world issue. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Critique approaches to economic issues in a global and multiple-perspective context. | GLO8: Global citizenship |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Problem Based Written Assignment | 2000 words | 30% | Week 8 |
| Assessment 2: (Individual) Online quizzes | - | 20% | Information not yet available |
| Examination | 2 hours | 50% | End-of-unit assessment period |
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Learning Resource
The texts and reading list for the unit can be found on the University Library via the link below: MAE101 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
Unit Fee Information
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