Page 75 -

COURSE PRO FORMA

IMPORTANT:
Contents of this Pro Forma shall not be changed without the Senate’s approval for items indicated with *. Changes to the other items can be
approved at the Academy/Faculty/Institution/Centre level.

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)

UM-PT01-PK03-BR003(BI)-S04