Course Description
This course aims to provide sound and comprehensive coverage of the concepts of engineering economics and ethics. Topics include: role of engineers in business, time value of money, major analysis methods, codes of ethics, rights and
responsibilities of engineers and ethical issues in engineering practice.
Intended Learning Outcomes
CILO-1: Interpret financial statements and cost information. [POs: a,j]
CILO-2: Describe the concept of the time value of money. [POs: a]
CILO-3: Recognise money and its management. [POs: a]
CILO-4: Apply present worth analysis in evaluating alternatives. [POs: a,h]
CILO-5: Apply annual worth analysis in evaluating alternatives. [POs: a,h]
CILO-6: Apply rate of return analysis in evaluating alternatives. [POs: a,h]
CILO-7: Describe depreciation and inflation. [POs: a,i]
CILO-8: Describe what engineering law and codes of ethics are. [POs: f,i]
CILO-9: Discuss the obligations and rights that engineers have. [POs: f,i]
CILO-10: Describe what a conflict of interest is. [POs: f,i]
CILO-11: Discuss what ethical issues may arise in practice. [POs: f,i]