ECF5927 Managerial economics
Faculty of Business and Economics
ECF5927 Managerial economics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 12 units, leading on to 13 units in all.
- Credit points
- 6
- Offered in 2027
- Semester 1, Semester 2
- Caulfield
- Assessment
- No exam
- 3 tasks
- Workload
- 144 hours
- per semester
Reviews
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Requisites
Before ECF5927
Prohibitions
You can't enrol if you have passed any of these.
After ECF5927
12 units list ECF5927 as a prerequisite or corequisite.
- ACF5130Financial statement analysis and business valuationNo reviews yet
- ECC5740Economics of financial decision makingNo reviews yet
- ECC5871Political economy: Institutions, order and evidenceNo reviews yet
- ECF5040Industry economicsNo reviews yet
- ECF5060Applied economics research and consultingNo reviews yet
- ECF5200Game theory and business strategyNo reviews yet
- ECF5410Applied microeconomicsNo reviews yet
- ECX5001Economics of environment and sustainabilityNo reviews yet
Enrolment rules
You must be enrolled in course B4001, B5001, B6001, B6005, B6014 or B6030 to undertake this unit.
Overview
The unit equips you with the analytical tools and economic reasoning skills necessary for effective decision-making in business and organisational contexts. It integrates microeconomic theory with real-world managerial practices, emphasising problem-solving, strategic thinking, and evidence-based decision-making. The unit is designed to translate economic concepts into practical solutions for challenges faced by managers, entrepreneurs, and policymakers.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Bld ev |
| Second semester | Caulfield | Bld ev |
Assessment
- Quiz / Test60%
- Presentation20%
- Exercise20%
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 core microeconomic concepts to business and managerial decision-making
- 2
analyse demand, costs, pricing, and market structure to inform strategic choices
- 3
evaluate decision-making under risk, uncertainty, and regulatory constraints
- 4
integrate data and economic concepts to develop actionable business strategies.
Workload and teaching
- Workshops22 hours
- Applied sessions12 hours
- Assessments2 hours
- Teaching approachResearch activities
- 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 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.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ECF5927 is part of 1 area of study in the 2027 handbook.
Contacts
- Chief Examiners
- Dr Wenli Cheng
Common questions
What are the prerequisites for ECF5927?
ECF5927 has no prerequisites, but enrolment rules apply.
What can I take after ECF5927?
ECF5927 is a prerequisite or corequisite for 12 units, including ACF5130, ECC5740, ECC5871, ECF5040, ECF5060 and ECF5200. Those lead on to 13 units in all.
When is ECF5927 offered?
In 2027, ECF5927 runs in Semester 1 and Semester 2 at Caulfield.
How much work is ECF5927?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF5927 have an exam?
No. ECF5927 has 3 assessment tasks and no exam.
Which majors and minors include ECF5927?
ECF5927 is part of Economics and health.