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Economic Analysis for Engineers (ENGM90011)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

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Semester 1
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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

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
  • ILO 6 - Produce financial budgets.

Last updated: 24 January 2023