Engineering Economics

Contents: 1. Introduction to Economics and Engineering Economics. 2. Basic Concepts in Economics. 3. Demand and Supply Analysis. 4. Elasticity of Demand and Supply. 5. Demand Forecasting. 6. Production Analysis. 7. Cost Analysis. 8. Break-even Analysis. 9. Markets. 10. Investment Analysis. 11. National Income. 12. Inflation. 13. Business Cycles. 14. Monetary and Fiscal Policy.

Many colleges across the country have courses in engineering economics as a part of integrated studies for engineering students. Designed as a text book for undergraduate and postgraduate students in various engineering and management disciplines, this comprehensive book shows how complex economic decisions can be made from a number of given alternatives. It is the intent of this book to highlight various aspects of economics for the students in a way that maximizes learning, as well as emphasize its importance for the modern engineer. Various topics are covered both from micro and macro economics, such that hones the decision making skills of the students in the real practical world. The chapters are arranged logically and written in a flexible modular format. Each chapter is explained conceptually in a simplistic language followed by application based examples and solved numerical problems. At the end of each chapter, there are subjective, objective and numerical questions for further practice. This book, which is profusely illustrated with worked-out examples and diagrams, should prove extremely useful in providing a strong fundamental base for economics. (jacket)