ECF5927 · Managerial economics

Overview

The unit equips you with the analytical tools and economic reasoning skills necessary for effective decision-making in business and organisational contexts. It integrates microeconomic theory with real-world managerial practices, emphasising problem-solving, strategic thinking, and evidence-based decision-making. The unit is designed to translate economic concepts into practical solutions for challenges faced by managers, entrepreneurs, and policymakers.

Offerings

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. apply core microeconomic concepts to business and managerial decision-making
2. analyse demand, costs, pricing, and market structure to inform strategic choices
3. evaluate decision-making under risk, uncertainty, and regulatory constraints
4. integrate data and economic concepts to develop actionable business strategies.

Workload

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.

Student experience, not official rules. Nothing here changes what the Handbook says.