EE

Engineering Economics

Course ID
EE
Department
Electrical Engineering
Campus
Chella Campus
Level
Undergraduate
Semester
8th
Credit
3 + 0
Method
Lecture

Course Outlines:

Engineering economics decision:

Role of engineers in business

Economic decisions v/s design decisions

Large scale engineering projects and types of strategic economic decisions

Fundamental principles of engineering economics

Interest Rate and Economic Equivalence:

Interest: The Cost of Money

Economic Equivalence

Development of Formulas for Equivalence Calculation

Unconventional Equivalence Calculations

Understanding Money and Its Management:

Nominal and Effective Interest Rates

Equivalence Calculations with Effective Interest Rates and with Continuous Payments

Changing Interest Rates

Debt Management

Investing in Financial Assets

Present-Worth Analysis:

Project Cash Flows

Initial Project Screening Methods: payback Screening and Discounted Cash Flow Analysis

Variations of Present-Worth Analysis

Comparing Mutually Exclusive Alternatives

Annual Equivalent-Worth Analysis:

Annual Equivalent-Worth Criterion

Capital Costs versus Operating Costs

Applying Annual-Worth Analysis

Life-Cycle Cost Analysis

Design Economics

Rate-of-Return Analysis:

Rate of Return and Methods of Finding It

Internal Rate-of-Return Criterion

Mutually Exclusive Alternatives

Course Learning Outcomes

Teaching Methodology (Proposed as applicable):

Lectures (audio/video aids), Written Assignments/ Quizzes, Tutorials, Case Studies relevant to engineering disciplines, Semester Project, Guest Speaker, Industrial/ Field Visits, Group discussion, Report Writing

Assessment:

Mid Term, Report writing/ Presentation, Assignments, Project Report, Quizzes, Final Term

Suggested Books:

P. C. Wren & H. Martin “High School English Grammar & Composition”.

Colin W. Davis & Andrew J. Watts New Expressway For English 1 (latest Edition)

Herta A. Murphy & Herbert William Hildebrandt. Effective Business Communications

Diana Hacker. A Writer’s Reference

Sadat Ali Shah. Exploring The World Of English

J. Thomson and A. V. Martinet. Practical English Grammar, “UniversityPhysics”, latest Edition

There are 133 total credit hours to complete the Software Engineering degree.