Engineering Economics
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Engineering Economics Syllabus — Unit-wise Content
The official GTU curriculum for Engineering Economics (subject code 3144201) as prescribed for CS-Cyber · Semester 4 divides the course into 4 units, covering 36 listed topics. The unit-wise breakdown below is read from the GTU syllabus document for this subject code, so you can check what the course actually covers before deciding which papers to attempt.
Download the official syllabus PDF (3144201)Unit 1 Introduction to Economics - Flow in an economy, Law of supply and demand, Fixed,
- Marginal & Average Costs
- Sunk Costs
- Opportunity Costs
- Recurring and Nonrecurring Costs
- Incremental Costs
- Cash Costs vs Book Costs
- Concept of Engineering Economics – Engineering efficiency
- Economic efficiency
- Scope of engineering economics – Element of costs
- Marginal cost
- Marginal Revenue
- Sunk cost
- Opportunity cost
- Process planning
Unit 2 Cash Flow - Methods of comparison of alternatives – present worth method (Revenue
- dominated cash flow diagram)
- Future worth method (Revenue dominated cash flow diagram
- cost dominated cash flow diagram)
- Annual equivalent method (Revenue dominated cash flow diagram
- rate of return method
- Benefit-Cost Ratio Analysis
- Sensitivity and Break-even analysis – V ratio
- Examples in all the methods
Unit 3 Inflation And Price Change - Definition, Effects, Causes, Price Change
- with Indexes
- Types of indexes
- Composite vs Commodity Indexes
- Use of Price Indexes in Engineering Economic Analysis
- Cash Flows that inflate at different Rates
- Case Study
Unit 4 Worth Analysis
- End-Of-Year Convention
- Viewpoint of Economic Analysis Studies
- Borrowed Money Viewpoint
- Effect of Inflation & Deflation
- Economic Criteria
- Applying Present Worth Techniques
- Multiple Alternatives
- Future Worth Analysis. 6 Subject Code: 3144201 w.e.f
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