Course Objectives:
1. To provide students with an understanding of fundamental economic principles essential
for effective decision-making in engineering contexts.
2. To enable students to apply economic analysis to production decisions, cost management,
and market strategies in engineering practice.
3. To equip students with the ability to evaluate macroeconomic scenarios, financial
methods, and investment decisions relevant to engineering projects.
Curriculum
- 4 Sections
- 0 Lessons
- 10 Weeks
Expand all sectionsCollapse all sections
- Module 1Understand the fundamentals of various economic issues using laws and learn the concepts of demand, supply, elasticity and production function.0
- Module 2Develop decision making capability by applying concepts relating to costs and revenue, and acquire knowledge regarding the functioning of firms in different market situations.0
- Module 3Outline the macroeconomic principles of monetary and fiscal systems and national income.0
- Module 4Make use of the possibilities of value analysis and engineering and take investment decisions through capital budgeting techniques.0
