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 2024 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 2024
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
Reviews
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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.
- 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
- ECX5400Design and evaluation of economic, public, and social programsNo reviews yet
Enrolment rules
You must be enrolled in course B4001, B5001, B6001, B6005, B6014 or B6030 to undertake this unit.
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 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On ev |
| Second semester | Caulfield | Flx ev |
Assessment
- Within semester assessment50%
- Examination50%
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
- Workshops24 hours
- Tutorials12 hours
- Seminars24 hours
- Teaching approachResearch activities
- Teaching approachActive learning
- 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 allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective 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.
Where it fits
ECF5927 is part of 2 areas of study in the 2024 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 ECC5740, ECC5871, ECF5040, ECF5060, ECF5200 and ECF5410. Those lead on to 11 units in all.
When is ECF5927 offered?
In 2024, 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 50% of the final mark, alongside 1 other task.
Which majors and minors include ECF5927?
ECF5927 is part of Business economics; and Economics and health.