ECF2731 Managerial economics
Faculty of Business and Economics
ECF2731 Managerial economics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2026 in Semester 1 and Semester 2 at Caulfield. It needs ECB1101, ECC1000, ECF1100 or ECW1101 and unlocks 15 units.
- Credit points
- 6
- Offered in 2026
- Semester 1, Semester 2
- Caulfield
- Assessment
- No exam
- 3 tasks
- Workload
- 144 hours
- per semester
This is the 2026 handbook entry. See the 2027 entry.
Reviews
No reviews yetNo reviews yet. Be the first to review ECF2731.
Requisites
Before ECF2731
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ECF2731
15 units list ECF2731 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
Show 7 more
- 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
- ECF5200Game theory and business strategyNo reviews yet
- ECI3890Internet business and digital economyNo 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 will deepen your knowledge of the behaviour of the firm. You will apply economic tools to analyse production, cost and other managerial decisions in different market structures. The unit will help you understand different forms of market competition, and introduce you to game theory and risk analysis.
Offerings in 2026
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Blended |
| Second semester | Caulfield | On campus |
Assessment
- Exercise20%
- Quiz / Test60%
- Presentation20%
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
analyse decision-making by producers
- 2
understand decision making in game-theoretic set ups
- 3
understand and explain the relevant factors behind risk analysis and risk management
- 4
analyse production and cost decisions
- 5
analyse and critically evaluate policies designed to affect individual behaviour and market outcomes.
Workload and teaching
- Applied sessions12 hours
- Workshops24 hours
- Assessments1.5 hours
- Teaching approachActive learning
- Teaching approachResearch activities
- Teaching approachProblem-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. 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 engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
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.
Where it fits
ECF2731 is part of 2 areas of study in the 2026 handbook.
Contacts
- Chief Examiners
- Dr Wenli Cheng
Common questions
What are the prerequisites for ECF2731?
You need ECB1101, ECC1000, ECF1100 or ECW1101 before you enrol. Enrolment rules also apply.
What can I take after ECF2731?
ECF2731 is a prerequisite or corequisite for 15 units, including ECB3121, ECC3660, ECC3670, ECC3690, ECC3710 and ECC3740.
When is ECF2731 offered?
In 2026, ECF2731 runs in Semester 1 and Semester 2 at Caulfield.
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?
No. ECF2731 has 3 assessment tasks and no exam.
Which majors and minors include ECF2731?
ECF2731 is part of Digital economy; and Economics and business strategy.