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In The Name of Allah The Most Gracious The Most Merciful
In The Name of Allah The Most Gracious The Most Merciful
Merciful
QUIZ # 2
List common characteristics of
developing nations.
List three objectives of economic
development.
MACROECONOMIC POLICIES
Growth policy
Investment Policy
Human Resource Development
Trade Policy
Exchange Rate Policy
Fiscal Policy
Taxation Policy
Public Expenditure Policy
Monetary Policy
Employment and Poverty Trends & Policy
Services
Traditional Measures of
Economic Development
Growth and Levels of Per Capita Income
Declining share of Agriculture and rising
History of Engineering
Economics
Arthur M. Wellington founder of engineering
economics, by profession a civil engineer, wrote a book
the economic theory of location of railways in 1887.
His area of interest was role of railways building in USA
J C.L.Fish and O.B.Goldman both evaluated engineering
bond market
Goldman in his book Financial Engineering proposed
History of Engineering
Economics
Contd
Engineering
Economics
Engineering economics is the application of
economic techniques for the evaluation of design
and engineering alternatives. The role of
engineering economics is to: assess the appropriateness of a given project
estimate its value
justify it from an engineering point of view
Engineering
Economics
Engineering
economy involves the systematic
Contd
ideas
Permit identification and scrutiny of their estimated out
comes
Translate profitability to the lowest tier through a valid
Engineering
Economics
The
application of economic principles to
engineering problems, for example in
comparing the comparative costs of two
alternative capital projects or in determining the
optimum engineering course from the cost
aspect. It means that we need to know about :Optimal cost-effectiveness
Alternative possibilities
Engineering
Economics
value of money
Estimation
of cash flows
Quantitative
measurements of
profitability
Systematic
comparison of alternatives
Assignment 2
Find out share of three major sectors of economy
in the overall economics of at least 15 countries
of the world from various websites. It must
include Pakistan, India, Bangladesh, Sri Lanka,
Korea, USA, UK, Malaysia, China, Australia etc..
Provide page reference of website as applicable.
Assignment due on 26 Oct, 2010