MAE301 - Choice, Strategies and Dilemmas

Unit details

Note: You are seeing the 2019 view of this unit information. These details may no longer be current. [Go to the current version]
Year:2019 unit information
Enrolment modes:Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Online
Credit point(s):1
EFTSL value:0.125
Trimester 2 Unit Chair:

Luca Colombo

Prerequisite:

MAE101, MAE201

Corequisite:Nil
Incompatible with: Nil
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

Content

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.

Assessment

Assessment 1: (Individual) – Written assignment (2,000 words) 25%

Assessment 2: (Individual)- Written assignment (2,000 words) 25%

Examination: (2-hours) 50%

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination

Unit Fee Information

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