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Course
Pro-forma
Faculty Course
Code
KXEX2162
Title
Economics, Finance and Engineers
Pre-requisite
None
Student Learning Time (SLT)
80 hours
Credit
2
Learning Outcomes
1.
recognize key ideas in economic analysis that address the
economic problem of how to allocate scarce resources
among unlimited wants.
2.
to conceptualize the principles of demand and supply as well
as the analysis of competitive markets
3.
to satisfy the very practical needs of the engineer toward
making informed financial decisions when acting as a team
member or project manager for an engineering projects.
4.
apply the concept of Time Value of Money and discounted
cash flow in investment decision making and financial
management
Synopsis
This course introduces the economic principles and analytical
tools needed to think intelligently about economic problems. The
course begins by focusing on microeconomics, in which students
will examine the concept and principles of individual consumer
and firm behaviour. In the second part of the course deals with
the thought processes, concepts, methods, and knowledge bases
used by engineers to cost engineering projects and to evaluate
the merit of making a particular investment, and to chose
Assessment
40 % Continuous Assessments
60 % Final Examination
References
1.
McEachern, Economics- A Contemporary Introduction,
Seventh Edition, Thomson Learning
2.
Pindyck Rubinfield, Micro Economics, Sixth Edition, Prentice
Hall, New Jersey
3.
Blank Tarquin, Engineering Economy, Sixth Edition, McGraw-
Hill.2005
Soft Skills
Communication Skills (CS1, CS2, CS3)
Critical Thinking and Problem Solving Skills (CT1, CT2, CT3)
Teamwork Skills (TS1, TS2)
Life Long Learning and Information Management (LL1, LL2)