SEEM3020 - Engineering Economic Analysis

Offering Academic Unit
Department of Systems Engineering and Engineering Management
Credit Units
Course Duration
One Semester
Equivalent Course(s)
Course Offering Term*:
Semester B 2018/19
Semester B 2019/20 (Tentative)

* The offering term is subject to change without prior notice
Course Aims

Engineers are now more involved in organization decision making of an economic nature. Whether working for a small or large company, sooner or later, an engineer will advance to a responsible position and be required to deal with economic matters.  Engineering economics analysis or engineering economy is the study of the economics of engineering systems. This course is to provide students with a basic understanding of the principles and techniques in engineering economic analysis that are needed in the decision making process. While emphasis is on the analytical consideration of money and its impact on decision making, the course also considers other factors such as social and environmental responsibilities in the economic analysis and decision process. At the end of the course students will be equipped with basic analytical skills for solving problems of an economic nature.

Assessment (Indicative only, please check the detailed course information)

Continuous Assessment: 60%
Examination: 40%
Examination Duration: 2 hours
Detailed Course Information


Useful Links

Department of Systems Engineering and Engineering Management