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  3. Economic Analysis for Engineers

Economic Analysis for Engineers (ENGM90011)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Year of offer2019
Subject levelGraduate coursework
Subject codeENGM90011
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


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: 22 August 2019