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 2026 in Semester 2 at Peninsula. It needs ECS1101, ECF1100, ECC1000, ECW1101 or ECB1101 and unlocks 16 units.
- Credit points
- 6
- Offered in 2026
- Semester 2
- Peninsula
- Assessment
- Exam 50%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2026 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ECB2731
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECB2731
16 units list ECB2731 as a prerequisite or corequisite.
- ECB3121Economics of international trade and financeNo reviews yet
- ECC3660Business cycle fluctuations and monetary policyNo reviews yet
- ECC3670Economics of developing countriesNo reviews yet
- ECC3690International economicsNo reviews yet
- ECC3710Labour economicsNo reviews yet
- ECC3740Economics of financial decision makingNo reviews yet
- ECC3810Public financeNo reviews yet
- ECC3830Industrial organisation and competition policyNo reviews yet
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- ECC3841Network economicsNo reviews yet
- ECC3871Political economy: Institutions, order, and evidence No reviews yet
- ECC5871Political economy: Institutions, order and evidenceNo reviews yet
- ECF3121Economics of international tradeNo reviews yet
- ECF3900Business, competition and regulationNo reviews yet
- ECI3890Internet business and digital economyNo reviews yet
- ECM3670Transforming economies: Labour markets, institutions and developmentNo reviews yet
- ECW3830Business, competition and regulationNo reviews yet
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit explores key microeconomic principles essential for business decision-making, with a focus on the theory of firms. You will analyse cost structures, market conditions, pricing strategies, and strategic interactions between firms. Emphasis is placed on marginal analysis and the use of diagrams and calculus to optimise business performance. Real-world applications are integrated throughout, providing you with practical tools to navigate competitive business environments.
Offerings in 2026
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Peninsula | On campus |
Assessment
- Quiz / Test30%
- Exercise20%
- Examination50%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
apply methods of differentiation to examine economic relationships and determine optimal pricing and output decisions
- 2
analyse demand, cost structures, and market conditions to evaluate firm behaviour and strategy in competitive and non-competitive settings
- 3
apply game theory to analyse strategic interactions between firms, including competition and cooperation in oligopolistic markets
- 4
examine the role of risk and uncertainty in managerial decision-making.
Workload and teaching
- Workshops24 hours
- Teaching approachProblem-based 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
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 2026 handbook.
Contacts
- Chief Examiners
- Dr Jackie So
Common questions
What are the prerequisites for ECB2731?
You need ECS1101, ECF1100, ECC1000, ECW1101 or ECB1101 before you enrol. Enrolment rules also apply.
What can I take after ECB2731?
ECB2731 is a prerequisite or corequisite for 16 units, including ECB3121, ECC3660, ECC3670, ECC3690, ECC3710 and ECC3740.
When is ECB2731 offered?
In 2026, 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 2 other tasks.
Which majors and minors include ECB2731?
ECB2731 is part of Economics and business decisions; and Finance and economics.