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UnitLevel 2Undergraduate

ECF2731 Managerial economics

Faculty of Business and Economics

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ECF2731 Managerial economics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 at Caulfield and City (Melbourne). It needs ECF1100, ECW1101, ECB1101 or ECC1000 and unlocks 17 units.

Credit points
6
Offered in 2020
Semester 1
Caulfield, City (Melbourne)
Assessment
Exam 60%
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 ECF2731

Prohibitions

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

One of

Prerequisites

Pass these before you enrol.

One of

After ECF2731

17 units list ECF2731 as a prerequisite or corequisite.

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Equivalent units

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

Overview

This unit will deepen your knowledge of the behaviour of firms. You will apply economic tools to analyse production and cost as well as managerial decision making in different market structures. The unit will expand your understanding of the differences between perfect and imperfect competition. In addition, the unit will introduce you to the application of game theory in a competitive environment as well as risk analysis.

Offerings in 2020

Teaching periodCampusMode
First semesterCaulfieldOn campus
First semester (Fully flex)CaulfieldFlexible
Trimester BCity (Melbourne)On campus
Trimester CCity (Melbourne)On campus

Assessment

  • Within semester assessment
    40%
  • Examination
    60%

Learning outcomes

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

  1. 1

    analyse decision-making by producers

  2. 2

    understand decision making in game-theoretic set ups

  3. 3

    understand and explain the relevant factors behind risk analysis and risk management

  4. 4

    analyse production and cost decisions

  5. 5

    analyse and critically evaluate policies designed to affect individual behaviour and market outcomes.

Workload and teaching

  • Workshops30 hours
  • Workshops33 hours
  • Teaching approachEnquiry-based 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.

Where it fits

ECF2731 is part of 1 area of study in the 2020 handbook.

Contacts

Chief Examiners
Professor Mark Crosby
Dr George Rivers

Common questions

What are the prerequisites for ECF2731?

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

What can I take after ECF2731?

ECF2731 is a prerequisite or corequisite for 17 units, including ECB3121, ECB3830, ECC3660, ECC3670, ECC3690 and ECC3710.

When is ECF2731 offered?

In 2020, ECF2731 runs in Semester 1 at Caulfield and City (Melbourne).

How much work is ECF2731?

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

Does ECF2731 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 1 other task.

Which majors and minors include ECF2731?

ECF2731 is part of Economics and business strategy.

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
20202021202220232024202520262027