49003 Economic Evaluation

6cp; 3hpw, distance; availability: all courses (core for MEM)
Requisite(s): 120 credit points of completed study
These requisites may not apply to students in certain courses.
There are also course requisites for this subject. See access conditions.
Postgraduate
Subject coordinator: Associate Professor D Sharma

This subject deals with the application of economic concepts to engineering decision making. Main topics include: macroeconomic issues and policies; microeconomic market theory; theory of the firm; project evaluation and cost-benefit analysis; intangibles and risk.

Assessment: Assignments (50 per cent), final examination (open book) (50 per cent).

Texts and references

Baumol, W J & Blinder, A S, Economics: Principles and Policy, Thomson, Australia, 2003

Department of Finance Handbook of Cost–Benefit Analysis, Australian Government Publishing Service, Canberra, 1991

Mankiew, N G, Principles of Economics, The Dryden Press, Sydney, 1997

McDonald, I M, Macroeconomics, John Wiley & Sons, Brisbane, 1992

Samuelson, P A et al., Economics, Vol 1 #&38; 2, McGraw Hill, Sydney, 1992

Typical availability

Autumn semester, City campus
Spring semester, City campus
Autumn semester, China
Spring semester, China
Summer session, China
Winter session, China
Autumn semester, Hong Kong
Spring semester, Hong Kong
Summer session, Hong Kong
Winter session, Hong Kong
Autumn semester, Taiwan
Spring semester, Taiwan
Summer session, Taiwan

Fee information

2006 contribution for 2005/06 commencing Commonwealth-supported undergraduate students: $872.38
2006 amount for undergraduate domestic fee-paying students: $2,220.00
Subject EFTSL: 0.125
Note: The above fees are applicable in 2006 for 2005/06 commencing Commonwealth-supported and domestic fee-paying undergraduate students only. Pre-2005 Commonwealth-supported undergraduate students should consult the Student contribution charges for Commonwealth supported students webpage.
Not all students are eligible for Commonwealth supported places, and not all subjects are available to Commonwealth supported students. Other students (such as postgraduate students and international students) should refer to the Fees webpage.

Access conditions

Note: The requisite information presented in this subject description covers only academic requisites. Full details of all enforced rules, covering both academic and admission requisites, are available at Access conditions and My Student Admin.