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 2023 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 10 units, leading on to 11 units in all.
- Credit points
- 6
- Offered in 2023
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before ECF5927
Prohibitions
You can't enrol if you have passed any of these.
After ECF5927
10 units list ECF5927 as a prerequisite or corequisite.
- ECC5690Economic developmentNo 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
You will develop sound knowledge of the differing views of the firm and industry. Topics include: the firm within a capitalist economic system; the macroeconomic constraints on the firm; the market structural constraints on the firm; differing perspectives of the firm - the conventional economic, technological view, the accounting, management and marketing views, the recent transaction costs and new classical view; how these different areas explain current issues such as downsizing and electronic commerce.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Evening |
| Second semester | Caulfield | Evening |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand and recognise the various processes involved in investment decision making
- 2
understand and explain the relevant factors behind risk analysis and risk management
- 3
understand and analyse firm pricing strategies
- 4
recognise and critically evaluate theories of the organisation known as the firm and the role of managers in such an organisation; and develop an understanding of strategic games in the context of business applications.
Workload and teaching
- Seminars24 hours
- Tutorials11 hours
- Lectures24 hours
- 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.
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 2 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Dr Wenli Cheng
- Associate Professor He-Ling Shi
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 10 units, including ECC5690, ECC5740, ECC5871, ECF5040, ECF5060 and ECF5200. Those lead on to 11 units in all.
When is ECF5927 offered?
In 2023, 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?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECF5927?
ECF5927 is part of Business economics; and Economics and health.