ENMG602-19W (C) Whole Year 2019

Engineering Economics and Finance

12 points
18 Feb 2019 - 10 Nov 2019

Description

Microeconomics, Macroeconomics, Finance.

This course consists of two modules:

Economics: In this module students are introduced to economic principles, concepts and models.  They have opportunities to see how these are applied to a range of real world situations; and to apply them themselves.  An understanding of both macro and microeconomic concepts is necessary in order to function effectively as an engineering manager in today’s complex global markets.

Finance: Engineering projects often involve significant capital investment that has major financial implications for the organisations involved in those projects.  The module is designed to give students an appreciation of engineering decision making from a financial perspective.

Learning Outcomes

  • Knowledge
    This course builds on the knowledge of students in regard to financial and management accounting (ENMG601).  It develops knowledge in the area of economics and finance and its application to understanding the business and investment environments, with an engineering focus.  Students will demonstrate broad understanding and integration of that knowledge via group and individual assignments that are based on information extracted from actual business situations

  • Skills
    Students will be able to apply economic principles and reasoning to explain the behaviour of individuals and organisations, and to explain observed real world outcomes.  Students will be able to communicate economic ideas in language appropriate to a given audience.

  • 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.

Pre-requisites

Subject to approval of the Programme Director.

Course Coordinator

For further information see Masters in Engineering Management Head of Department

Indicative Fees

Domestic fee $864.00

* Fees include New Zealand GST and do not include any programme level discount or additional course related expenses.

For further information see Masters in Engineering Management.

All ENMG602 Occurrences

  • ENMG602-19W (C) Whole Year 2019