Engineering Economics and Cost Analysis

Offered By: The Academic Council Of uLektz

Certified By:
The Academic Council of uLektz

40 hours of Learning Content

Maximum 1 months.

Learning Path

Linear : Sequential Order

Course Description
This course aims at providing the student with advanced concepts of engineering economic analysis and its role in engineering decision making. It is designed to offer the students the tools needed for rigorous presentation of the effect of the time value of money on engineering problem solving and the capacity to act with ethical and efficient professionalism. The tools introduced include present worth analysis, annual cash flow, rate of return, incremental analysis, future worth analysis, and payback period.

Objectives
To learn about the basics of economics and cost analysis related to engineering so as to take economically sound decisions.

who this course is for
Engineering Graduates, Economists,Investment Bankers etc

Course Study Materials

Module 1: Introduction to Economics

  • 1.1 Introduction to Economics

  • 1.2 Concept of Engineering Economics

  • 1.3 Element of costs

  • 1.4 Break-even analysis - V ratio

  • 1.5 Elementary economic analysis

  • Introduction to Economics - Assessment

    10 Questions

Module 2: Value Engineering

  • 2.1 Make or buy decision

  • 2.2 Time value of money

  • 2.3 Equal payment series capital recovery factor

  • Value Engineering - Assessment

    10 Questions

Module 3: Cash Flow

  • 3.1 Methods of comparison of alternatives

  • 3.2 Annual equivalent method

  • 3.3 Rate of return method

  • Cash Flow - Assessment

    10 Questions

Module 4: Replacement and Maintenance analysis

  • 4.1 Replacement and Maintenance analysis - Introduction

  • 4.2 Determination of economic life of an asset

  • 4.3 Replacement of an asset with a new asset

  • Replacement and Maintenance analysis - Assessment

    10 Questions

Module 5: Depreciation

  • 5.1 Depreciation - Introduction

  • 5.2 Evaluation of public alternatives- Introduction

  • 5.3 Inflation adjusted decisions

  • 5.4 Examples on comparison of alternatives and determination of economic life of asset

  • Depreciation - Assessment

    10 Questions

Final Assessment

  • Final Assessment

    20 Questions

Certificate

The certificate issued for the Course will have the student's Name, Photograph, Course Title, Certificate number, Date of course completion and the name(s) and logo(s) of the Certifying Bodies. Only the e-certificate will be made available. No Hard copies. The certificates can be e-verifiable at www.ulektz.com/skills.

  • Students are required to take online assessments with eProctoring.
  • Students will be assessed both at the end of each module and at the end of the Course.
  • Students scoring a minimum of 50% in the assessments are considered for Certifications
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Certifications

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Course

Registration opens on 04-02-2019

Course

Your registration details are under review. It should take about 1 to 2 working days. Once approved you will be notified by email and then you should be able to access the course.

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For help contact: support@ulektz.com

Course

Course starts on 11-02-2020

Course

You have completed 6 hours of learning for 12-07-2020. You can continue learning starting 13-07-2020.

Course

This course can only be taken in sequential order.

Course

You have completed the course. You will be notified by email once the certificate is generated.

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Result Summary