Course description

Engineering Economics and Costing focuses on the financial aspects of engineering projects, ensuring cost-effective decision-making. It includes cost estimation, budgeting, and economic analysis of engineering solutions. This field helps engineers evaluate investments, optimize resources, and improve project feasibility. Understanding these principles enhances profitability, efficiency, and sustainability in engineering projects.

What will i learn?

• Apply the microeconomics concepts related to business and its impact on enterprise
• Develop an awareness and understanding time value of money and techniques for evaluation of engineering project
• Apply cost concepts to analyse common business management decisions such as pricing a product and services.