EG4000 - Engineering Economics and Entrepreneurship

[Offered in even-numbered years]

Credit points:	03
Year:	2008
Student Contribution Band:	Band 2
Administered by:	Discipline of Civil & Environmental Engineering

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:

(MA2000 AND CH1001 AND CL2501 AND ME2512 AND CH1002 AND CS3008 AND ME2518 AND EE3600) OR (MA2000 AND CS2001 AND CS2002 AND ME2512 AND CS2003 AND CS2004 AND CS2005 AND ME2518) OR (MA2000 AND CC2510 AND EE2201 AND CC2511 AND EE2300 AND EE3600) OR (CH1001 AND CS2001 AND CS2002 AND MA2000 AND CH1002 AND CS2005 AND ME2518 AND BZ2440) OR (CS2001 AND MA2000 AND ME2512 AND ME2521 AND EE3600 AND EG3021 AND ME2518 AND ME2525)

Inadmissible Subject Combinations:

CS4000

Availabilities
Townsville, Internal, Study Period 1
Census Date 04-Apr-2008
Coord/Lect:	Dr Bithin Datta.
Contact hours:	65 hours - Lectures, tutorials, demonstrations, practicals, site visits and/or seminars. Refer to Subject Outline for details.
Assessment:	end of semester exam (50% - 70%); on-course assessment, some of which may be invigilated (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.