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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.

Eligibility and requirements

Prerequisites

Admission into one of the following courses -
MC-ENG Master of Engineering (Chemical with Business)
MC-ENG Master of Engineering (Civil with Business)
MC-ENG Master of Engineering (Mechanical with Business)
MC-ENG Master of Engineering (Electrical with Business)
MC-ENG Master of Engineering (Software with Business)
MC-ENG Master of Engineering (Mechanical)
MC-ENG Master of Engineering (Materials)

Corequisites

None

Non-allowed subjects

None

Core participation requirements

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Assessment

Additional details

  • Five 700 word assignments due every two weeks of semester (50%). Addresses Intended Learning Outcomes (ILOs) 1 to 6 (each assignment will have a focus on one of the ILOs). Requires approximately 60 hours of work in total
  • One two hour end of semester examination (50%). Addresses ILOs 1 to 6. Held in the end-of-semester examination period

Hurdle requirement: Students must pass the exam in order to pass the subject.

Dates & times

  • Semester 1
    Principal coordinatorDenny Oetomo
    Mode of deliveryOn Campus — Parkville
    Contact hours54
    Total time commitment200 hours
    Teaching period 4 March 2019 to 2 June 2019
    Last self-enrol date15 March 2019
    Census date31 March 2019
    Last date to withdraw without fail10 May 2019
    Assessment period ends28 June 2019

    Semester 1 contact information

Time commitment details

200 hours

Further information

  • Texts

    Prescribed texts

    There are no specifically prescribed or recommended texts for this subject.

  • Available through the Community Access Program

    About the Community Access Program (CAP)

    This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 22 August 2019