MAE201 - Competition and Industry
Unit details
| Year: | 2021 unit information |
|---|---|
| Important Update: | Unit delivery will continue to be provided in line with the most current COVIDSafe health guidelines. This may include a mix of on-campus and online activities. To find out how you are impacted, please check your unit sites for announcements and updates. Unit sites open one week prior to the start of each Trimester/Semester. Thank you for your flexibility and commitment to studying with Deakin in 2021. Last updated: 4 June 2021 |
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Waterfront (Geelong), Online Trimester 2: Burwood (Melbourne), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 1: Samarth Vaidya Trimester 2: Acelya Altuntas |
| Prerequisite: | MAE101 |
| Corequisite: | Nil |
| Incompatible with: | MAE206 |
| 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 2 hour class and 1 x 1 hour seminar per week |
| Scheduled learning activities - cloud: | 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.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Analyse individual decision making by consumers and firms and how various market structures affect economic efficiency. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Apply relevant microeconomic theories to evaluate real-world managerial and policy issues. | GLO5: Problem solving |
| ULO3 | Analyse economic issues using geometric and quantitative tools. | GLO5: Problem solving |
| ULO4 | Communicate microeconomic issues effectively through written English. | GLO2: Communication |
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
| Assessment 1 (individual): Online Multiple Choice Quiz x 2 | - | 20% (10% each) | Quiz 1: Week 6 Quiz 2: Week 10 |
| Assessment 2 (individual): Problem-based Written Assignment | 1,500 words | 20% | Week 5 |
| Examination (closed book) | 2-hours | 60% | Exam 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.
Hurdle requirement
Hurdle requirement: achieve at least 40% of the marks available on the examination
Learning Resource
The texts and reading list for the unit can be found on the University Library via the link below: MAE201 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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