5029.10 - Engineering Economics
Course number
5029.10
Title
Engineering Economics
ECTS
7.5
Purpose
To give definitions of basic concepts and classifications of expenses and incomes, theoretical and practical methods for result planning, product calculations, result budgeting and internal control.
Content
This course can be seen as an introduction to economical information systems in organizations and it includes both theoretical and practical issues. The course starts with definitions and classifications of basic economical concepts. Then the course investigates how these concepts apply to the economical results and profitability of companies. A large proportion of the content involves theoretical models and practical methods for result planning, product calculations, result budgeting and internal control. The importance of the interplay between information, analysis, planning and follow up is highlighted.
Learning and teaching approaches
Lectures and problem solving.
Assessment method
Written examination or evaluation of a exercise-report. The existing grade scale will be used.
Contact
Petur Zachariassen