48250 Economics and Finance for Engineering Projects
6cp; 1.5hpw (lecture), 1.5hpw (tutorial)Requisite(s): ((48110 Engineering Experience 1 OR 48120 Review of Engineering Practice 1 OR 41036 Professional Experience 1)) OR ((87 credit points of completed study in spk(s): C10063 Bachelor of Engineering Bachelor of Arts International Studies OR 87 credit points of completed study in spk(s): C10073 Bachelor of Engineering Bachelor of Science OR 87 credit points of completed study in spk(s): C10075 Bachelor of Engineering Bachelor of Medical Science OR 87 credit points of completed study in spk(s): C10078 Bachelor of Engineering Bachelor of Biotechnology OR 72 credit points of completed study in spk(s): C10067 Bachelor of Engineering OR 87 credit points of completed study in spk(s): C09068 Bachelor of Engineering (Honours) Bachelor of Arts International Studies OR 87 credit points of completed study in spk(s): C09072 Bachelor of Engineering (Honours) Bachelor of Science OR 87 credit points of completed study in spk(s): C09074 Bachelor of Engineering (Honours) Bachelor of Medical Science OR 72 credit points of completed study in spk(s): C09066 Bachelor of Engineering (Honours) OR 72 credit points of completed study in spk(s): C10136 Bachelor of Engineering Science Bachelor of Laws OR 87 credit points of completed study in spk(s): C10339 Bachelor of Engineering Bachelor of Creative Intelligence and Innovation OR 87 credit points of completed study in spk(s): C09076 Bachelor of Engineering (Honours) Bachelor of Creative Intelligence and Innovation OR 72 credit points of completed study in spk(s): C10066 Bachelor of Engineering Science OR 87 credit points of completed study in spk(s): C09123 Bachelor of Engineering (Honours) Bachelor of International Studies OR 87 credit points of completed study in spk(s): C09124 Bachelor of Engineering (Honours) Bachelor of International Studies Diploma Professional Engineering Practice OR 87 credit points of completed study in spk(s): C09067 Bachelor of Engineering (Honours) Diploma Professional Engineering Practice) AND 48230 Introduction to Engineering Projects AND 48240 Design and Innovation Fundamentals)
Undergraduate
Description
In this subject, students develop an understanding of finance and economics as they apply to engineering projects. Students increase their ability to accurately cost and manage simple engineering projects by applying economic and financial techniques, such as cash flow, valuation and costing. Students also develop competence in the financial language in the engineering domain by analysing financial reports and assessing the impacts of engineering projects on the financial performance of a business.
Typical availability
Autumn session, City campus
Spring session, City campus
Detailed subject description.