Book Details

Engineering Economics

Engineering Economics

Published by uLektz

Course Code : ULZ0136
Author : uLektz
University : General for All University
Regulation : 2017
Categories : Management
Format : ico_bookePUB3 (DRM Protected)
Type :

eBook

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Description :Engineering Economics of ULZ0136 covers the latest syllabus prescribed by General for All University for regulation 2017. Author: uLektz, Published by uLektz Learning Solutions Private Limited.

Note : No printed book. Only ebook. Access eBook using uLektz apps for Android, iOS and Windows Desktop PC.

Topics
UNIT I DEMAND, SUPPLY AND PRODUCTION

1.1 Engineering Economics- Nature, Scope, Basic problems of an economy, Micro Economics and Macro Economics

1.2 Demand - Meaning of demand, Demand function, Law of Demand and its exceptions, Determinants of demand, Elasticity of demand & its measurement (Simple numerical problems to be solved )

1.3 Supply - Meaning of supply, Law of supply and its exception, Determinants of supply, Elasticity of supply, Determination of market equilibrium (Simple numerical problems to be solved)

1.4 Production - Production function, Laws of returns: Law of variable proportion, Law of returns to scale

UNIT II COST AND REVENUE CONCEPTS, BANKING, INFLATION, NATIONAL INCOME

2.1 Cost and revenue concepts, Basic understanding of different market structures, Determination of equilibrium price under perfect competition (Simple numerical problems to be solved)

2.2 Break-even analysis-Linear approach. (Simple numerical problems to be solved)

2.3 Banking -Commercial bank, Functions of commercial bank, Central bank, Functions of Central Bank

2.4 Inflation-Meaning of inflation, types, causes, measures to control inflation

2.5 National Income-Definition, Concepts of national income, Method of measuring national income

UNIT III TIME VALUE OF MONEY, EVALUATION OF ENGINEERING PROJECTS, DEPRECIATION

3.1Time value of money- Interest - Simple and compound, nominal and effective rate of interest

3.2 Evaluation of engineering projects – Present worth method, Future worth method, Annual worth method, Internal rate of return method, Cost-benefit analysis in public projects

3.3 Depreciation- Depreciation of capital assert, Causes of depreciation, Methods of calculating depreciation (Straight line method, Declining balance method), After tax comparison of project

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