SEMESTER VIII ENGINEERING ECONOMICS AND COST ANALYSIS

Jun 21st, 2015
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Atlantic Cape Community College
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The project life cycle – Major types of construction – Selection of professional services – Construction contractors – Financing of constructed facilities – Legal and regulatory requirements –The changing environment of the construction industry –The role project managers.

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SEMESTER VIIIENGINEERING ECONOMICS AND COST ANALYSISUNIT I BASIC ECONOMICS Definition of economics - Nature and scope of economic science - Nature and scope ofmanagerial economics - Basic terms and concepts - Goods - Utility - Value - Wealth -Factors of production - Land - Its peculiarities - Labour - Economies of large and smallscale - Consumption - Wants - Its characteristics and classification - Law ofdiminishing marginal utility - Relation between economic decision and technicaldecision - Demand - Demand schedule - Demand curve - Law of demand - Elasticity ofdemand - Types of elasticity - Factors determining elasticity - Measurement - Itssignificance - Supply - Supply schedule - Supply curve - Law of supply - Elasticity ofsupply - Time element in the determination of value - Market price and normal price -Perfect competition - Monopoly - Monopolistic competition.UNIT II ORGANISATION Introduction - Principle of organisation - Organisation chart - Forms of business -Proprietorship - Partnership - Joint stock company - Cooperative organisation - Stateenterprise - Mixed economy - Money and banking - Banking - Kinds - Commercialbanks - Central banking functions - C

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