Fundamentals of Engineering Economics and Management

Learning Outcomes

• At the conclusion of this course students should be able to:
  
• understand the principles of management theory (planning, organising, leading and controlling) and their application to professional engineering practice, with particular emphasis on leadership of individuals and groups, and organisational structure and design.
  
• assess the dynamics of individual and team behaviour, in preparation for professional practice of functioning effectively as an individual and as member or leader in diverse teams and in multi-disciplinary and multi-cultural settings.
  
• communicate effectively in the area of formal report writing, and introduce themselves correctly in Te Reo Māori as a preface to an oral presentation.
  
• construct and analyse simple financial statements
  
• apply techniques in engineering economic analysis (NPV, IRR, EAC, benefit-cost) as appropriate
  
• understand current sustainability issues and their environmental, economic and social/cultural implications.  Use that understanding to perform and critique simple life cycle analyses.
  
• understand the ethical responsibilities of a professional engineer in a multi-cultural society.  Be able to analyse an ethical issue using different ethical frameworks.
  
• demonstrate familiarity with other professional issues relevant to the practice of engineering and business in NZ, including:
  o legal issues, including the NZ legal system, tort, contract law, and other relevant legislation
  o basic principles of intellectual property
  o marketing concepts
  o appropriate professional workplace behaviour
  
• understand the role and responsibilities of the professional engineer in New Zealand’s bicultural society as well as globally.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attributes specified below:

	Critically competent in a core academic discipline of their award Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.
	Employable, innovative and enterprising Students will develop key skills and attributes sought by employers that can be used in a range of applications.
	Globally aware Students will comprehend the influence of global conditions on their discipline and will be competent in engaging with global and multi-cultural contexts.

Prerequisites

Restrictions

For further information see Electrical and Computer Engineering .