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Handbook 1997 : Faculty of Engineering : Civil and Environmental Engineering
421-260 Economics for Engineers |
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Credit Points: | 7.1 | |
Coordinator: | Dr R. G. Thompson | |
Timetable: | Semester 2 | |
Contact: | 26 hours of lectures, 13 hours of practice classes | |
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 civil and environmental 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; multi-criteria decision making; environmental economics; externalities; financial and managerial principles. | |
Assessment: | One two-hour written examination (60%); two assignments each of maximum 2000 words or equivalent (40%). | |
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Handbook 1997 : Faculty of Engineering : Civil and Environmental Engineering
Status: OFFICIAL 1997 Last Modified: Wednesday March 12 3:36 pm SGML to HTML Conversion: Information Technology Services Authorised by: Academic Registrar Email Enquiries: Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.