Postgraduate - UnitECF5927 - Managerial economics

This unit entry is for students who completed this unit in 2015 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.

Level	Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Caulfield First semester 2015 (Day)
Coordinator(s)	Associate Professor Paul Raschky

Synopsis

Students 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.

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
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.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

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.

Chief examiner(s)

Associate Professor Paul Raschky

Prerequisites

Students must be enrolled in course 3842 to undertake this unit.

Prohibitions

ECF2731, ECG2731, ECS2731 and ECW2731