Economic Analysis for Engineers

This subject seeks to - Build a thorough understanding of the theoretical and conceptual basis upon which the practice of financial project analysis is built and its application to engineering Satisfy the practical needs of the engineering manager toward making informed financial decisions when involved in an engineering project Incorporate critical decision-making tools that engineering managers can bring to the task of making informed financial decisions.

• 1ILO 1 - Describe the behaviour of markets
• 2ILO 2 - Calculate and interpret elasticities
• 3ILO 3 - Estimate the cost of production and services
• 4ILO 4 - Optimally allocate scarce capital resources to projects
• 5ILO 5 - Estimate the financial health of organisations
• 6ILO 6 - Produce financial budgets.