Engineering Economic Analysis

Postgraduate | 2026

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Area/Catalogue
ENGI 5012
Course ID icon
Course ID
202162
Level of study
Level of study
Postgraduate
Unit value icon
Unit value
6
Course level icon
Course level
1
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Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
Yes
University-wide elective icon
University-wide elective course
Yes
Single course enrollment
Single course enrolment
Yes
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Note:
Course data is interim and subject to change

Course overview

This course aims to provide students with necessary knowledge and skills to analyse economic decisions within engineering contexts, utilizing various analytical tools. Building upon concepts of time value of money, the course delves into the economic processes of decision-making, life-cycle cost, and multi-attribute analysis with the consideration of interest, depreciation and taxation. Learners will develop critical thinking and problem-solving skills essential for conducting effective decision analysis. This course provides a comprehensive understanding of engineering economic analysis and be equipped to apply their knowledge and skills to solve complex problems in professional settings, while effectively communicating their analyses and recommendations.

Course learning outcomes

  • Explain the principles of financial accounting and economic decision-making process
  • Examine the financial conditions of a manufacturing company
  • Analyse different product and service costs and benefits in manufacturing
  • Apply appropriate techniques for measuring the equivalent worth of project investments in terms of interest rate, depreciation and taxation
  • Demonstrate an effective decision-making process in the presence of multiple attributes, uncertainties, or risks

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

N/A