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  3. Economic Analysis for Engineers

Economic Analysis for Engineers (ENGM90011)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2019
Subject levelGraduate coursework
Subject codeENGM90011
Campus
Parkville
Availability
Semester 1
FeesSubject EFTSL, Level, Discipline & Census Date

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.

Intended learning outcomes

INTENDED LEARNING OUTCOMES (ILOs)

On completion of this subject, students are expected to be able to -

  • Describe the behaviour of markets
  • Calculate and interpret elasticities
  • Estimate the cost of production and services
  • Optimally allocate scarce capital resources to projects
  • Estimate the financial health of organisations
  • Produce financial budgets.

Last updated: 9 November 2018