Syllabus and Suggested Manuals di Engineering Economics

Sep 20

| Modificato il 15 Dec 2020, 09:14

INVESTMENT ANALYSIS

interest and interest rate: what are and what do they represent; the time value of money
simple vs compound interest rate; nominal vs real interest rate
cash flows and the meaning of equivalence; equivalence calculations
investment and loan projects; generating mutually excluding alternatives from a set of projects
bases for comparison of investment alternatives: Present Worth (PW), Future Worth (FW), Annual Equivalent (AE), Internal Rate of Return (IRR), Payback Period (PP), Project Balance (PB)
evaluating investment alternatives using MARR

MICROECONOMICS

what does “economy” mean; why studying microeconomics; what is a market
market mechanism; demand and supply models; elasticity
consumers’ preferences; utility function; budget line; optimal consumer’s choice
elements on production function and production costs: what is a production function; isoquants; isocosts; optimal production choices in the long run
profit maximization; marginal revenues and marginal costs
equilibrium in a perfectly competitive market; clearing price and quantity; consumers’ surplus and producers’ surplus; welfare
equilibrium in monopolistic market; clearing price and quantity; consumers’ surplus and producers’ surplus
net welfare loss in a monopolistic market

SUGGESTED MANUALS

The resources and manuals listed below are recommended as reference material

INVESTMENT ANALYSIS
Thuesen G. J., Fabrycky W. J., Engineering Economy, Pearson

Lecture notes published in this website are part of the program, along with elements emerged from discussions during classes.

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