Anna University B.Tech ME (R13) 8th Sem Engineering Economics Detailed Syllabus

Engineering Economics Syllabus for B.Tech 8th sem is covered here. This gives the details about credits, number of hours and other details along with reference books for the course.

The detailed syllabus for Engineering Economics B.Tech (R13) eightsem is as follows

OBJECTIVES:

• To enable students to understand the fundamental economic concepts applicable to engineering and to learn the techniques of incorporating inflation factor in economic decision making.

UNIT I : INTRODUCTION TO ECONOMICS          [8 hours]
Introduction to Economics- Flow in an economy, Law of supply and demand, Concept of Engineering Economics – Engineering efficiency, Economic efficiency, Scope of engineering economics – Element of costs, Marginal cost, Marginal Revenue, Sunk cost, Opportunity cost, Break-even analysis – V ratio, Elementary economic Analysis – Material selection for product Design selection for a product, Process planning.

UNIT II : VALUE ENGINEERING             [10 hours]
Make or buy decision, Value engineering – Function, aims, Value engineering procedure. Interest formulae and their applications –Time value of money, Single payment compound amount factor, Single payment present worth factor, Equal payment series sinking fund factor, Equal payment series payment Present worth factor- equal payment series capital recovery factor – Uniform gradient series annual equivalent factor, Effective interest rate, Examples in all the methods.

UNIT III : CASH FLOW          [9 hours]
Methods of comparison of alternatives – present worth method (Revenue dominated cash flow diagram), Future worth method (Revenue dominated cash flow diagram, cost dominated cash flow diagram), Annual equivalent method (Revenue dominated cash flow diagram, cost dominated cash flow diagram), rate of return method, Examples in all the methods.

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TOTAL: 45 PERIODS

OUTCOMES :

• Upon successful completion of this course, students will acquire the skills to apply the basics of economics and cost analysis to engineering and take economically sound decisions.

TEXT BOOKS:

• Panneer Selvam, R, “Engineering Economics”, Prentice Hall of India Ltd, New Delhi, 2001.

REFERENCES:

• Chan S.Park, “Contemporary Engineering Economics”, Prentice Hall of India, 2011.
• Donald.G. Newman, Jerome.P.Lavelle, “Engineering Economics and analysis” Engg. Press, Texas, 2010.
• Degarmo, E.P., Sullivan, W.G and Canada, J.R, “Engineering Economy”, Macmillan, New York, 2011.
• Zahid A khan: Engineering Economy, “Engineering Economy”, Dorling Kindersley, 2012

For all other B.Tech ME 8th sem syllabus go to Anna University B.Tech Mechanical Engineering (ME) 8th Sem Course Structure for (R13) Batch.All details and yearly new syllabus will be updated here time to time. Subscribe, like us on facebook and follow us on google plus for all updates.

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