MID8203 Engineering Economics

Engineering economics is intended to impart knowledge in application of economic techniques to the evaluation of design and engineering alternatives. The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint.

Course Objectives

• To familiarize students with the economic and financial concepts and methods in project evaluation, applied to Irrigation and Drainage Engineering projects.

Learning Outcomes

At the end of the course, students are able to:

• Fully understand the concepts for and carry out economic evaluation of projects.