HUM475

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Engineering Economics

3 Credit Hour Course

Intended For Level 4 Term 1 Students

Prerequisite:

Economics and engineering; microeconomics and macroeconomics; theory of demand and supply and their elasticities; demand estimation; price determination; indifference curve technique; theory of production; theory of cost and cost estimation; market structure; national income accounting; depreciation; circular flow of income and expenditure; cost-benefit analysis;pay back period, net present value (NPV), internal rate of return (IRR), inflaction; economic feasibility of engineering undertakings; development economics.