Handbook 1996 : Faculty of Engineering (Volume 4 page 93)
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Credit points: 7.1
Coordinator: Dr. R. G. Thompson
Contact: 26 hours of lectures, 13 hours of practice classes
Timetable: Second semester
Objectives:
At the conclusion of this subject students should have an introductory knowledge of aspects of economic and financial theory and practice of particular relevance to engineering projects. They should be able to calculate the net present value and internal rate of return of an engineering project. The costs and benefits of major investments should be able to be identified and quantified. These should be able to be used to select the best alternative based on economic evaluation principles. Students should also be able to interpret the financial statements and indicators of a company.
Content:
The economics of demand and supply; the estimation of demand; production cost functions; discounted cash flow analysis; cost benefit analysis; dealing with risk and uncertainty; financial and managerial principles.
Assessment:
One two-hour written examination (60%); two assignments each of maximum 2,000 words or equivalent (40%).
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Handbook 1996 : Faculty of Engineering (Volume 4 page 93)
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: Dept. of Civil and Environmental Engineering, Faculty of Engineering.
Copyright © University of Melbourne 1995,1996.