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ECE401 Module descriptor

The document outlines the syllabus for the ECE401 Engineering Economics course, covering key topics such as engineering economy, basic economics principles, economic equivalence, methods for economic studies and cash flow projections, depreciation, and sensitivity and risk analysis. Each unit includes specific subtopics that delve into concepts like capital accounting, supply and demand, cash flow analysis, and risk assessment. The course aims to equip students with the necessary skills to analyze economic factors in engineering projects.

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13 views2 pages

ECE401 Module descriptor

The document outlines the syllabus for the ECE401 Engineering Economics course, covering key topics such as engineering economy, basic economics principles, economic equivalence, methods for economic studies and cash flow projections, depreciation, and sensitivity and risk analysis. Each unit includes specific subtopics that delve into concepts like capital accounting, supply and demand, cash flow analysis, and risk assessment. The course aims to equip students with the necessary skills to analyze economic factors in engineering projects.

Uploaded by

kuengatandey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Module Code and Title : ECE401 Engineering Economics

UNIT I: INTRODUCTION TO ENGINEERING ECONOMY


1.1 Engineering and Engineering economy
1.2 Risk and uncertainty
1.3 Equity and debt
1.4 Capital accounting fundamentals
1.5 Elements of total cost
1.6 Flow of capital within a firm.

UNIT II: BASICS OF ECONOMICS


2.1 Concept of value and utility
2.2 Consumer and producer goods and services
2.3 Law of supply and demand,
2.4 Elasticity of supply and demand
2.5 Law of diminishing return
2.6 Marginal utility
2.7 Break even analysis
2.8 Opportunity cost
2.9 Classification of cost.

UNIT III: ESTABLISHING ECONOMIC EQUIVALENCE


3.1 Simple and compound interest
3.2 Annuity series
3.3 Cash flows over time
3.4 Loss of purchasing power.
UNIT IV: METHODS OF MAKING ECONOMIC STUDIES & CASH FLOW PROJECTIONS
4.1 Payback period
4.2 Accounting rate of return
4.3 Net Present Value (NPV)
4.4 Internal rate of return,
4.5 Benefit cost ratio or profitability index,
4.6 Sensitivity analysis
4.7 Accept/Reject decision rules, mutually exclusive alternatives
4.8 Life-cycle cost analysis,
4.9 Design Economics: Capital cost vs. Operating Costs, Minimum-cost function
4.10 Electricity production costs in different conversion systems,
4.11 Internal and external costs.
4.12 Energy costs, Fixed and variable costs.
4.13 Prepare and interpret Balance sheet
4.14 Prepare and interpret Profit and loss account

UNIT V: DEPRICIATION
5.1 Purpose of depreciating
5.2 Methods of depreciating
5.3 Accounting for the depreciation of capital assets
5.4 Valuation.

UNIT VI: SENSITIVITY AND RISK ANALYSIS


6.1 Project Risk,
6.2 Sensitivity analysis,
6.3 Scenario analysis,
6.4 Risk analysis,
6.5 Procedure for developing an NPW distribution,
6.6 Expected value and variance,
6.7 Decision Rule

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