Note for Engineering Economics - EE By Sudeep Kumar Bharati

Nature, Scope, Basic problems of an economy, Micro Economics and Macro Economics

Meaning of demand, Demand function, Law of Demand and its exceptions, Determinants of demand, Elasticity of demand & its measurement (Simple numerical problems to be solved)

Meaning of supply, Law of supply and its exception, Determinants of supply, Elasticity of supply, Determination of market equilibrium (Simple numerical problems to be solved)

Production function, Laws of returns: Law of variable proportion, Law of returns to scale

Basic understanding of different market structures, Determination of equilibrium price under perfect competition (Simple numerical problems to be solved), Break Even Analysis-linear approach (Simple numerical problems to be solved)

Commercial bank, Functions of commercial bank, Central bank, Functions of Central Bank, Concepts of national income, Method of measuring national income

Interest - Simple and compound, nominal and effective rate of interest, Cash flow diagrams, Principles of economic equivalence

Present worth method, Future worth method, Annual worth method, Internal rate of return method, Cost benefit analysis for public projects

Depreciation of capital assert, Causes of depreciation, Methods of calculating depreciation (Straight line method, Declining balance method), After tax comparison of project