Note for Engineering Economics - EE By Pranati Mohapatra

Nature, Scope, Basic problems of an economy, Micro Economics and Macro Economics. Demand- 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 ), Supply-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-Production function, Laws of returns: Law of variable proportion, Law of returns to scale

Cost and revenue concepts, 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)

Banking ,Commercial bank, Functions of commercial bank

Central bank, Functions of Central Bank

Inflation,Meaning of inflation, types, causes, measures to control inflation

National Income,Definition, Concepts of national income, Method of measuring national income

Time value of money, Interest - Simple and compound, nominal and effective rate of interest, Cash flow diagrams

Principles of economic equivalence of engineering projects-Present worth method, Future worth method, Annual worth method

Internal rate of return method

Cost benefit analysis for public projects

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