ME 8311: ENGINEERING
ECONOMICS
2024/2025
WHAT WILL BE COVERED?
Nature and Scope
of Economics
WHAT WILL BE COVERED?
Time value of
money
WHAT WILL BE COVERED?
Risk and Return
analysis
WHAT WILL BE COVERED?
Investment appraisal
(capital budgeting)
WHAT WILL BE COVERED?
Cost Classification,
Techniques and
Behaviour
WHAT WILL BE COVERED?
Value Engineering and
Decision Making
Techniques
WHAT WILL BE COVERED?
Accounting for
Depreciation and Income
Taxes
WHAT WILL BE COVERED?
Understanding
Financial Statements
WHAT WILL BE COVERED?
Equivalence Calculations
under Inflation
WHAT WILL BE COVERED?
Engineering
Economic Decisions
TEACHING AND LEARNING
ACTIVITIES
This module will be conducted
through lectures and tutorials
ASSESSMENT METHODS
Continuous Assessment 40%
Semester Examination 60%
Tests 20%
U.E 60%
Assignments 20%
READING LIST
Chan S. Park, (2002), Contemporary
Engineering Economics, Prentice Hall of India.
Donald. G. Newman, Jerome P.Lavelle, (2002),
Engineering Economics and analysis Engg.
Press, Texas.
Suma
Damodaran
(2006),
Managerial
economics, Oxford University press.
Benedict, A. & Elliott, B. (2008), Financial
Accounting: An Introduction, Harlow: Pearson
Education Ltd.
Notes will be available on Moodle/VLE
Course name: Engineering Economics 2024