EG5202:03
Resource Economics and Planning
| Townsville | HECS Band 2 |
26 lectures, 13 tutorials. Two week vacation block mode. Semester 1 ornbsp; 2.
Available to students enrolled in the Master of Engineering Management course and to other students at the discretion of the Head of School of Engineering.
The subject area addresses the basic concepts of financial accounting and economics including depreciation, taxation, inflation and international finance as applied to Minerals and Energy sectors.
Economics for decision-making; supply-demand analysis; depreciation, taxation, inflation; selected topics from macro- and micro-economics; international factors and exchange rates; pricing, marketing and investment decisions; financial statements and ratios.
Learning Objectives:
- to assimilate the basic accounting framework and the interpretation of accounting ratios;
- to acquire an understanding of economic principles such as depreciation, discounting, etc;
- to apply the accounting and economic principles in investment and replacement decisions.
On-course assessment including seminar (20%); assignments (40%); project reports (40%).