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 421-260 Economics for Engineers

Credit Points

7.1

Coordinator

Dr R. G. Thompson

Semester

2

Contact

24 hours of lectures, 12 hours of practice classes

Subject Description

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.

Topics covered include: 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 written examination not exceeding three-hours (60%); two assignments each of maximum 2000 words or equivalent (40%)

Search : Index : Faculty of Engineering : Civil and Environmental Engineering
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Status:                   Official 1998
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Email Enquiries:          Course_Information@registrar.unimelb.edu.au