UnitLevel 2Undergraduate

ECW2731 Managerial economics

Faculty of Business and Economics

ECW2731 Managerial economics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 2 at Malaysia. It needs ECF1100, ECS1101, ECW1101, ECC1000 or ECB1101 and unlocks 22 units.

Credit points: 6
Offered in 2022: Semester 2; Malaysia
Assessment: Exam 40%; and 1 other task
Workload: 144 hours; per semester

This is the 2022 handbook entry. See the 2027 entry.

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Requisites

Before ECW2731

Prerequisites

Pass these before you enrol.

One of

Prohibitions

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

One of

After ECW2731

22 units list ECW2731 as a prerequisite or corequisite.

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Equivalent units

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

Overview

This subject reviews the contemporary microeconomic principles in the context most relevant to business people. Market processes, demand patterns, cost structures, market conditions, pricing policies, and the impact of regulation on business decisions are discussed. Cases and problems from the prescribed text, Australian media, and online resources illustrate how economic concepts can be applied to specific industries. Analytical techniques and quantitative tools link the concepts to measurement and managerial decision-making.

Offerings in 2022

Teaching period	Campus	Mode
Second semester	Malaysia	On campus

Assessment

Within semester assessment
60%
Examination
40%

Learning outcomes

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

1
understand how markets work
2
understand how customers value products
3
understand which production and cost measures are relevant for decision making
4
understand how competition affects business decisions on investment, production, and pricing in different market structures
5
understand the importance of managerial and marketing decisions for changes in foreign exchange rates, technology, incomes, government regulations, sources of energy, the balance of payments.

Workload and teaching

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

ECW2731 is part of 2 areas of study in the 2022 handbook.

Contacts

Chief Examiners: Dr Audrey Siah

Common questions

What are the prerequisites for ECW2731?

You need ECF1100, ECS1101, ECW1101, ECC1000 or ECB1101 before you enrol.

What can I take after ECW2731?

ECW2731 is a prerequisite or corequisite for 22 units, including ECB3121, ECC3660, ECC3670, ECC3690, ECC3710 and ECC3740.

When is ECW2731 offered?

In 2022, ECW2731 runs in Semester 2 at Malaysia.

How much work is ECW2731?

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

Does ECW2731 have an exam?

Yes. The exam is worth 40% of the final mark, alongside 1 other task.

Which majors and minors include ECW2731?

ECW2731 is part of Applied economics.

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 4
Study abroad: Available
Handbook years: 2020 202120222023 2024 2025 2026 2027