EF5001 Managerial Economics

Course Aims & Objectives:
This course aims to develop the ability of a student to apply economic principles and quantitative techniques to solve business problems in the real-world. Upon completion of the course, students should be able to use economic theory to formalize a business problem; apply quantitative techniques to solve the problem; study the necessary data to analyze and evaluate the solution; and formulate a strategy to implement the solution.

Units: 2

Level: P5

Medium of Instruction: English

Keyword Syllabus:
Economic models. Demand analysis. Cost analysis. Pricing strategies. Risk aversion, uncertainty, and allocation. Organization and management.

Teaching Pattern:
Duration of course: 1 Semester
Current mix of lecture/tutorial/laboratory, other: 2 hrs. seminar per week

Assessment Pattern:
Examination duration: 2 hours
Percentage distribution of marks for coursework, examination, other: 30% CW and 70% exam
Grading pattern: Standard (A+AA-...F)

Pre-requisite(s): Nil

Pre-cursor(s): Nil

Equivalent Course(s): 
From the old curriculum: EF8000 Managerial Economics
FB5001