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COURSE PRO FORMA

Code KXEX2162

Title Economics, Finance and Engineers

Pre-requisite None

Student Learning Time (SLT) 80 hours

Credit 2

Learning Outcomes 1. Recognize key ideas in economic analysis that address the
economic problem of how to allocate scarce resources among
unlimited wants.
2. To conceptualize the principles of demand and supply as well as
the analysis of competitive markets
3. To satisfy the very practical needs of the engineer toward
making informed financial decisions when acting as a team
member or project manager for an engineering projects.
4. Apply the concept of Time Value of Money and discounted cash
flow in investment decision making and financial management
Synopsis This course introduces the economic principles and analytical tools needed
to think intelligently about economic problems. The course begins by
focusing on micro economics, in which students will examine the concept
and principles of individual consumer and firm behavior. In these second
part of the course deals with the thought processes, concepts, methods,
and knowledge bases used by engineers to cost engineering projects and to
evaluate the merit of making a particular investment, and to chose

Assessment 40% Continuous Assessments
60% Final Examination

th
References 1. Mc Eachern, Economics – A Contemporary Introduction, 7
Edition, Thomson Learning
2. Pindyck Rubinfield, Micro Economics, Sixth Edition, Prentice
Hall, New Jersey
3. Blank Tarquin, Engineering Economy, Sixth Edition, McGraw Hill.
2005
Soft skills Communication Skills (CS1, CS2, CS3)
Critical Thinking and Problem Solving Skills (CT1, CT2, CT3) Teamwork
Skills (TS1, TS2)
Life Long Learning and Information Management (LL1, LL2)