Undergraduate - UnitECF2731 - Managerial economics

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Offered	Caulfield First semester 2012 (Day) Caulfield Summer semester A 2012 (Day)
Coordinator(s)	Dr Paul Raschky

Synopsis

Students will deepen their knowledge of the differing views of the firm. 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.

Outcomes

The learning goals associated with this unit are to:

understand and recognise the various processes involved in investment decision making;
understand and explain the relevant factors behind risk analysis and risk management;
understand and analyse firm pricing strategies;
recognize and evaluate the various theories of the organisation known as the firm and the role of managers in such organisations; and develop an understanding of strategic games in the use of business applications.

Assessment

Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Dr Paul Raschky

Contact hours

3 hours per week

Prerequisites

ECF1100

Prohibitions

PMM2020, ECW2731