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ZP23 - Engineering Economy

Course specification
Course titleEngineering Economy
AcronymZP23
Study programme
Module
Lecturer (for classes)
Lecturer/Associate (for practice)
Lecturer/Associate (for OTC)
    ESPB3.0Status
    ConditionSociology, Mathematics IОблик условљености
    The goalAdoption 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 outcomeAutonomous 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 lecturesEconomics 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 exercisesCalculations 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
    1. Petar Đukić, Osnovi ekonomije za inženjere, Tehnološko-metalurški fakultet, Beograd 2008 TMF, str. 324 (Original title)
    2. Petar Đukić, Održivi razvoj - utopija ili šansa za Srbiju, Tehnološko-metalurški fakultet, Univerzitet u Beogradu, Beograd 2011, odabrana poglavlja (Original title)
    3. Samjuelson P. A, Nordhaus, Ekonomija XVIII izdanje, MATE, d.o.o. Beograd 2009, odabrana poglavlja, str. 3-17, 555-597 (Original title)
    4. R. Dubonjić, D. Milanović, Inženjerska ekonomija, Mašinski fakultet, Beograd 1997, odabrana poglavlja (Original title)
    Number of hours per week during the semester/trimester/year
    LecturesExercisesOTCStudy and ResearchOther classes
    210
    Methods of teaching
    Knowledge score (maximum points 100)
    Pre obligationsPointsFinal examPoints
    Activites during lectures5Test paper40
    Practical lessons5Oral examination
    Projects
    Colloquia30
    Seminars20