ECX2831 Strategy and business decision-making
Faculty of Business and Economics
ECX2831 Strategy and business decision-making is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 at Caulfield. It needs ECB1101, ECC1000, ECF1100, ECI1100 or ECW1101.
- Credit points
- 6
- Offered in 2027
- Semester 1
- Caulfield
- Assessment
- No exam
- 3 tasks
- Workload
- 144 hours
- per semester
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Requisites
Before ECX2831
After ECX2831
No unit lists ECX2831 as a prerequisite in the 2027 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12. 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.
Overview
Why do some firms perform better than others, and how should managers respond to complex business challenges? This unit introduces you to the core ideas, tools, and ways of thinking used in strategy, in a form accessible to learners from economics, management, marketing, finance, and related disciplines. No more than a basic prior exposure to economics is assumed. Through real-world cases and applied business problems, you will learn to analyse how organisations respond to competition, change, and uncertainty, and how strategic decisions are shaped by internal capabilities, market conditions, and broader business considerations. You will develop your ability to think critically, weigh evidence, work with ambiguity, and make well-reasoned recommendations. You will also strengthen your written and oral communication, collaboration, and respectful engagement with diverse perspectives, preparing you to contribute professionally and responsibly in a wide range of business contexts.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
Assessment
- Quiz / Test25%
- Exercise25%
- Project50%
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
describe and apply key concepts and frameworks relevant to strategic decision-making in organisations and business environments;
- 2
analyse and evaluate strategic issues by interpreting evidence, identifying trade-offs, and considering uncertainty and alternative courses of action;
- 3
develop well-reasoned recommendations to address complex business problems in real or simulated contexts;
- 4
communicate and justify strategic analysis and recommendations effectively, working respectfully and constructively with others where appropriate.
Workload and teaching
- Workshops22 hours
- Applied sessions12 hours
- Assessments2 hours
- Teaching approachActive learning
- Teaching approachCase-based teaching
- Teaching approachProblem-based learning
- Teaching approachEnquiry-based learning
- Teaching approachResearch activities
- Teaching approachSimulation or virtual practice
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 includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
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 enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.
This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
This unit allows you to engage in guided, immersive experiences to develop relevant skills, knowledge and attitudes through simulation or virtual practice.
Where it fits
ECX2831 is part of 1 area of study in the 2027 handbook.
Contacts
- Chief Examiners
- Daniela Dillenburg Scur
Common questions
What are the prerequisites for ECX2831?
You need ECB1101, ECC1000, ECF1100, ECI1100 or ECW1101 before you enrol. Enrolment rules also apply.
When is ECX2831 offered?
In 2027, ECX2831 runs in Semester 1 at Caulfield.
How much work is ECX2831?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECX2831 have an exam?
No. ECX2831 has 3 assessment tasks and no exam.
Which majors and minors include ECX2831?
ECX2831 is part of Economics and business strategy.
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
- 2027