BEE4102 Engineering Economics

The course is designed to aid engineers in rational decision making. It introduces concepts that bring to the forefront the role of engineering and engineers in solving economic problems. It discusses concepts in the economics and management of power systems.

Learning Objectives
The course aims to enable students:

• To understand the economics of power systems and the theories behind power systems charging. 
• To apply concepts and parameters that affect the cost of power to a given installation

Learning Outcomes
At the end of the course students should be able to:

• Appreciate the role of economics in engineering decision making
• Appreciate the role of engineering and engineers in solving economic problems
• Apply the basics of book keeping and financial analysis to solve business problems