EG4000 - Engineering Economics and Entrepreneurship
[Offered in even-numbered years]
| Credit points: | 03 |
| Year: | 2006 |
| Student Contribution Band: | Band 2 |
| Administered by: |
Engineering project cash flow streams, discounted cash flow techniques, uncertainty and sensitivity analysis; depreciation; costs, volume and profit analysis; supply, demand and price analysis; national income accounts. Accounting terminology; balance sheet; profit and loss statement; accounting ratios. Entrepreneurship, corporate structure and sources of funds; business plan development.
Learning Outcomes
- acquire an understanding of economic principles of time value of money, depreciation, inflation and break-even and its application to the evaluation of engineering projects;
- advance effective oral and written communication skills;
- develop an attitude for working as a team member and leader, dealing with other people and handling contracts and resolving conflicts;
- learn to undertake problem identification, formulation and solution;
- understand professional and ethical responsibilities;
- understand the basic accounting framework and the interpretation of accounting reports and be able to discuss with accountants, in their language, issues associated with organisational performance.
| Prerequisites: | Available to level 3 and 4 Engineering students |
| Inadmissible Subject Combinations: | CS4000 |
Availabilities | |
| , , Study Period 1 | |
| Census Date 24-Mar-2006 | |
| Coordinator: | cslcw |
| Lecturers: | cslcw, jc130355. |
| Contact hours: |
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| Assessment: | (50% - 70%); (30% - 50%). |
Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.