MAE201 - Competition and Industry
Unit details
| Year | 2025 unit information |
|---|---|
| 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 |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | 1 x 1.5 hour online lecture (recordings provided) and 1 x 1.5 hour on-campus seminar (recordings provided) each week. |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | 1 x 1.5 hour recorded lecture each week and 1 x 1.5 hour online seminar in weeks seminar 4, 7, and 10. |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
Content
This unit builds upon the microeconomics topics introduced in MAE101 to develop a deeper understanding of how consumers make choices to maximise their well-being and how firms make choices about inputs to minimise their production costs. The unit examines business competition in the marketplace and how competition affects the economic gains of consumers and businesses. The unit also explores the fundamentals of strategic decision making by introducing game theory, which has broad applications in real-world situations including pricing decisions of airline companies and policy proposals of rival political parties competing in elections. In the unit’s assessment, students get an opportunity to analyse and reflect on topical contemporary issues and policy challenges. Some past examples include (i) the impact of changing cost of living pressures on household choices and their well-being, and the role of policy in addressing these challenges (ii) impact of urbanisation and female labour-force participation on family food choices across the world and the implications for climate change (iii) economic logic behind a tendency towards outsourcing and off-shoring of production by businesses in USA and Western Europe.
Learning Outcomes
| ULO | These are the Unit Learning Outcomes (ULOs) for this unit. At the completion of this unit, successful students can: | Alignment to Deakin Graduate Learning Outcomes (GLOs) |
|---|---|---|
| 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 |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Self evaluation | excel spreadsheet | 5 % | Week 5 |
| Assessment 2: (Individual) 2 x Online Multiple-Choice Quiz | multiple choice questions | 20% (10% each) | Quiz 1: Week 8 |
| Assessment 3: (Individual) Problem based written assignment | 1500 words | 25% | Week 9 |
| End-of-unit assessment task: Written | 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 MAE201 can be found via the University Library.
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
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.