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Microeconomics, Macroeconomics, Finance.
DescriptionEconomics: In this course you will be introduced to economic principles, concepts and models; have opportunities to see how these are applied to a range of real world situations; and to apply them yourself.Finance: Engineering projects often involve significant capital investment that has major financial implications for the organisations involved in those projects. The course is designed to give students an appreciation of engineering from a financial perspective.ECONOMICS:Session 1 How economics developed Development of the NZ economy What do economists agree on?Session 2 The fundamental model of economics Why do governments tax the sins of life? Do subsidies improve the market? Session 3 Issues in free International Trade Why do economists prefer free trade? How does protection arise?Session 4 Why competitive markets over others? Why do women pay more for haircuts than men?Session 5 How is the economy measured?Session 6 Why is current macroeconomic policy focused on inflation control? Session 7 Why is the Reserve Bank so important?FINANCESession 1 Important Financing Concepts Time Value of Money, Inflation – Real Values versus Nominal Values, Compounding – Future Values, Discounting - Present Values (PV, NPV), Internal Rate of Return (IRR), Cost of Capital/ Weighted Average Cost of Capital (WACC), Risk, Return and the Capital Asset Pricing Model (CAPM)Session 2 Evaluation Measures and Criteria Project IRR, Return on Equity (ROE), Payback, Debt Service Cover Ratios (DSCR)Session 3 Cash Flow Analysis Discounted Cash Flow Analysis Vs Benefit-Cost Analysis, Capital versus Project Cost, Determining Capital and Project costs, Determining Net Operating Revenues, Implications of Tax and Depreciation, Whole of Life Cost Optimisation, Considering Alternatives, Making an Investment DecisionSession 4 Financing Projects Government, Corporate and Project Finance, Social-Commercial Contracting: Public-Private Partnerships (PPPs), The basics of Public Sector Comparator (PSC) and Value for Money (VfM), Bankability, Leverage and Optimising ROE, Developing a Finance Plan and Making a Financing DecisionLearning OutcomesKnowledgeThis course builds on the knowledge base of students in regard to financial and management accounting. It develops specialised operational and technical knowledge in the area of economics and finance and its application to understanding the business and investment environments. It also develops specialised operational knowledge of the preparation of finance plans. It is the foundation course for 2 follow on courses which develop knowledge of commercialisation and strategy. Students will demonstrate broad understanding and integrating of the knowledge via group and individual assignments that are based on information extracted from actual business situations. Specific knowledge is also demonstrated in the skills and application assessment items.SkillsStudents observational and analytical skills in the area will be developed through short quizzes and will be assessed through the group assignments for largely unfamiliar style problems. Students will also demonstrate skill to analyse and generate solutions to complex and sometimes unpredictable problems through individual assignments. Application The financial and economics sections of this course mutually complement each other and also make use of the knowledge gained in regard to financial and management accounting in ENMG601.Students will complete a series of in-class exercises, each building on its predecessor, to apply their knowledge and analytical skills to eventually be able to assess and interpret economic and financial data in a real-world situation. The number of formal in-class sessions are insufficient to complete the exercise so students must manage their time and work with others to both validate and transfer knowledge. Students must use knowledge from accounting to be able to analyse and understand problem situations.
Subject to approval of the Programme Director.
For further information see Masters in Engineering Management Head of Department
DescriptionEconomics: In this course you will be introduced to economic principles, concepts and models; have opportunities to see how these are applied to a range of real world situations; and to apply them yourself.Finance: Engineering projects often involve significant capital investment that has major financial implications for the organisations involved in those projects. The course is designed to give students an appreciation of engineering from a financial perspective.ECONOMICS:Session 1 How economics developed Development of the NZ economy What do economists agree on?Session 2 The fundamental model of economics Why do governments tax the sins of life? Do subsidies improve the market? Session 3 Issues in free International Trade Why do economists prefer free trade? How does protection arise?Session 4 Why competitive markets over others? Why do women pay more for haircuts than men?Session 5 How is the economy measured?Session 6 Why is current macroeconomic policy focused on inflation control? Session 7 Why is the Reserve Bank so important?FINANCESession 1 Important Financing Concepts Time Value of Money, Inflation – Real Values versus Nominal Values, Compounding – Future Values, Discounting - Present Values (PV, NPV), Internal Rate of Return (IRR), Cost of Capital/ Weighted Average Cost of Capital (WACC), Risk, Return and the Capital Asset Pricing Model (CAPM)Session 2 Evaluation Measures and Criteria Project IRR, Return on Equity (ROE), Payback, Debt Service Cover Ratios (DSCR)Session 3 Cash Flow Analysis Discounted Cash Flow Analysis Vs Benefit-Cost Analysis, Capital versus Project Cost, Determining Capital and Project costs, Determining Net Operating Revenues, Implications of Tax and Depreciation, Whole of Life Cost Optimisation, Considering Alternatives, Making an Investment DecisionSession 4 Financing Projects Government, Corporate and Project Finance, Social-Commercial Contracting: Public-Private Partnerships (PPPs), The basics of Public Sector Comparator (PSC) and Value for Money (VfM), Bankability, Leverage and Optimising ROE, Developing a Finance Plan and Making a Financing DecisionLearning OutcomesKnowledgeThis course builds on the knowledge base of students in regard to financial and management accounting. It develops specialised operational and technical knowledge in the area of economics and finance and its application to understanding the business and investment environments. It also develops specialised operational knowledge of the preparation of finance plans. It is the foundation course for 2 follow on courses which develop knowledge of commercialisation and strategy. Students will demonstrate broad understanding and integrating of the knowledge via group and individual assignments that are based on information extracted from actual business situations. Specific knowledge is also demonstrated in the skills and application assessment items.SkillsStudents observational and analytical skills in the area will be developed through short quizzes and will be assessed through the group assignments for largely unfamiliar style problems. Students will also demonstrate skill to analyse and generate solutions to complex and sometimes unpredictable problems through individual assignments. Application The financial and economics sections of this course mutually complement each other and also make use of the knowledge gained in regard to financial and management accounting in ENMG 601.Students will complete a series of in-class exercises, each building on its predecessor, to apply their knowledge and analytical skills to eventually be able to assess and interpret economic and financial data in a real-world situation. The number of formal in-class sessions are insufficient to complete the exercise so students must manage their time and work with others to both validate and transfer knowledge. Students must use knowledge from accounting to be able to analyse and understand problem situations.
Domestic fee $847.00
International Postgraduate fees
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Masters in Engineering Management .