ZP23 - Engineering Economy
| Course specification | ||||
|---|---|---|---|---|
| Course title | Engineering Economy | |||
| Acronym | ZP23 | |||
| Study programme | Biochemical Engineering and Biotechnology,Chemical Engineering,Environmental Engineering,Material Engineering,Metallurgical Enginering,Textile Enginering,Textile Technology | |||
| Module | ||||
| Lecturer (for classes) | ||||
| Lecturer/Associate (for practice) | ||||
| Lecturer/Associate (for OTC) | ||||
| ESPB | 3.0 | Status | ||
| Condition | Sociology, Mathematics I | Облик условљености | ||
| The goal | Adoption of market principles and parameters of functioning of the modern economic practice and economic development. The recognition and use of understanding of general economic laws and global technological and economic changes should enable students to place real and direct technological changes, engineering projects, innovations and technical solutions in an adequate economic space in order to meet a criterion of economic efficiency. | |||
| The outcome | Autonomous and competent judgment about the situation and processes of market economics. Raising the alocative and technical efficiency of economy to a higher level. Rational and competent making of engineering and economic decisions by the engineers on managing positions. Strategic planning of economic and technological development at company and community levels by the engineers – technologists. | |||
| Contents | ||||
| Contents of lectures | Economics as modern theory and practical skill – engineering approach. Basic principles of economics and the mechanism of market economics: demand and supply. Money, - credit system, financial market and money circulation – inflation and deflation, economic-engineering approach. Technological changes, engineering and global economic currents: externalities, public goods, energy. Global technological changes and characteristics of modern society: new economic and post-industrial society, transition, forms and trends of privatization, restructuring. ; | |||
| Contents of exercises | Calculations of real and nominal economic values. Simple and complex calculation of interest. Amortisation of fixed assets. Capital flows. Analysis of corporate balance sheets and profit and loss statements. Net present value of a project. Cost-benefit analysis on the examples of public goods, ecological projects, and calculation of energy efficiency, material and energy intensity of manufacturing, on examples. ; | |||
| Literature | ||||
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| Number of hours per week during the semester/trimester/year | ||||
| Lectures | Exercises | OTC | Study and Research | Other classes |
| 2 | 1 | 0 | ||
| Methods of teaching | ||||
| Knowledge score (maximum points 100) | ||||
| Pre obligations | Points | Final exam | Points | |
| Activites during lectures | 5 | Test paper | 40 | |
| Practical lessons | 5 | Oral examination | ||
| Projects | ||||
| Colloquia | 30 | |||
| Seminars | 20 | |||