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
On completion of this subject, students are expected to be able to:
ILO 1 - Describe the behaviour of markets
ILO 2 - Calculate and interpret elasticities
ILO 3 - Estimate the cost of production and services
ILO 4 - Optimally allocate scarce capital resources to projects
ILO 5 - Estimate the financial health of organisations