Economics, Business and Entrepreneurship

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Economics, Business and Entrepreneurship

COURSE DESCRIPTION

Micro- and macro-economic concepts and their applications; Market structures, Efficiency and social welfare; systematic evaluation of benefits and cost of projects involving engineering design and analysis; consumer satisfaction and affordability. Project financing sources and costs; Concepts of costs for decision making; Analysis of break-even point; Methods of cost estimation; Interest and value of money in time; Actualisation tables, methods of project evaluation: recover delay, accounting rate of return, net actual value, internal rate of return, and equivalent annual cost; Principles of cost-benefit analysis; Impact of taxation on project profitability; Method of global cost; Elementary risk measures; Relation between financing and investment decisions. The art and science of entrepreneurship; Discussion of the tools needed to successfully start and operate a business. Emphasizes the qualitative aspects of entrepreneurship.

Course Features

  • Lectures 0
  • Quizzes 0
  • Duration 33 hours
  • Skill level Beginner
  • Language English
  • Students 0
  • Assessments Self
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