UnitLevel 2Undergraduate

ECB2731 Managerial economics

Faculty of Business and Economics

ECB2731 Managerial economics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 2 at Peninsula. It needs ECB1101, ECC1000, ECW1101, ECF1100 or ECS1101 and unlocks 19 units.

Credit points: 6
Offered in 2020: Semester 2; Peninsula
Assessment: Exam 50%; and 1 other task
Workload: 144 hours; per semester

This is the 2020 handbook entry. See the 2027 entry.

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Requisites

Before ECB2731

Prohibitions

You can't enrol if you have passed any of these.

One of

Prerequisites

Pass these before you enrol.

One of

After ECB2731

19 units list ECB2731 as a prerequisite or corequisite.

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Equivalent units

The same content under another code. Only one of them counts.

Overview

This subject reviews the contemporary microeconomic principles in the context most relevant to business people. Market processes, demand patterns, cost structures, market conditions, pricing policies, and the impact of regulation on business decisions are discussed. Cases and problems from the prescribed text, Australian media, and online resources illustrate how economic concepts can be applied to specific industries. Analytical techniques and quantitative tools link the concepts to measurement and managerial decision-making.

Offerings in 2020

Teaching period	Campus	Mode
Second semester	Peninsula	On campus

Assessment

Within semester assessment
50%
Examination
50%

Learning outcomes

When you finish this unit, you should be able to:

1
understand how markets work
2
understand how customers value products
3
understand which production and cost measures are relevant for decision making
4
understand how competition affects business decisions on investment, production, and pricing in different market structures
5
understand the importance of managerial and marketing decisions for changes in foreign exchange rates, technology, incomes, government regulations, sources of energy, the balance of payments.

Workload and teaching

Tutorials12 hours
Lectures24 hours
Teaching approachPeer assisted learning
Teaching approachActive learning

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Learning resources

Required resources

Ivan Png, Managerial Economics, 5th Edition, Routledge, Taylor & Francis Group, 2016.

Where it fits

ECB2731 is part of 2 areas of study in the 2020 handbook.

Contacts

Chief Examiners: Dr Wenli Cheng
Unit Coordinators: Dr Wenli Cheng

Common questions

What are the prerequisites for ECB2731?

You need ECB1101, ECC1000, ECW1101, ECF1100 or ECS1101 before you enrol.

What can I take after ECB2731?

ECB2731 is a prerequisite or corequisite for 19 units, including ECB3121, ECB3830, ECC3660, ECC3670, ECC3690 and ECC3710.

When is ECB2731 offered?

In 2020, ECB2731 runs in Semester 2 at Peninsula.

How much work is ECB2731?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ECB2731 have an exam?

Yes. The exam is worth 50% of the final mark, alongside 1 other task.

Which majors and minors include ECB2731?

ECB2731 is part of Economics and business decisions; and Finance and economics.

More details

Credit points: 6
Level: 2
Study level: Undergraduate
Faculty: Faculty of Business and Economics
Organisational unit: Department of Economics

Type: Coursework
EFTSL: 0.125
Student contribution: SCA Band 3
Study abroad: Not available
Handbook years: 20202021 2022 2023 2024 2025 2026 2027