Course File

Name: Haroon Rasheed Khan

Subject: Engineering Economics
Code:
Programme: B. Tech
Semester: III, V Branch:
CE, CSE
 Department of Civil Engineering
Mewat Engineering College, Nuh, Haryana
Vision: -
To establish an outstanding centre of regional and national reputation for providing professional and
leadership qualities with the capacity to take up professional research and services in the field of Civil
Engineering, to produce quality civil engineers, and to employ principles of continual quality
improvement to enhance its programme and faculty.
Mission: -
Department Mission
• To impart quality and real-time education to contribute to the field of Civil Engineering.
• To conduct intense basic and applied research for national needs.
• To mentor students for innovative thinking relevant to entrepreneurship.
• To serve the construction industry, civil engineering profession, and rural community
through the dissemination of knowledge and technical services.

PROGRAMME EDUCATIONAL OBJECTIVES

PEO I: To impart proficiency in engineering knowledge and skills to analyze, design, build, maintain,
or improve civil engineering-based systems.
PEO II: To offer broad education and practical skills so that the students can conduct technical
investigations within realistic constraints such as economic, environmental, societal, safety and
sustainability.
PEO III: To impart the ability to collaborate with and function on multidisciplinary teams to offer
engineering solutions to society.
PEO IV: To create interest in the students to engage in life-long learning in advanced areas of civil
engineering and related fields.
PEO V: To educate the students in ethical values and social responsibility to use engineering
techniques and modern tools necessary for civil engineering practice to serve society effectively.

PROGRAMME SPECIFIC OUTCOMES

A graduate of the Civil Engineering Program will demonstrate:
PSO 1: Graduates shall demonstrate sound knowledge in analysis, design, laboratory investigations
and construction aspects of civil engineering infrastructure, along with a good foundation in
mathematics, basic sciences and technical communication.
PSO 2: Graduates will have a broad understanding of economic, environmental, societal, health and
safety factors involved in infrastructural development and shall demonstrate the ability to function
within multidisciplinary teams with competence in modern tool usage.
PSO 3: Graduates will be motivated for continuous self-learning in engineering practice or pursue
research in advanced areas of civil engineering to offer engineering services to society ethically and
responsibly.
 Course File Contents

1. Timetable
2. Individual Timetable of the Faculty Member
3. Academic Calendar
4. Syllabus of the paper with Course Outcome
5. Detailed Lecture Plan
6. Lectures Delivery Report
7. Classroom Attendance record
8. For each assessment:
a. Photocopy of midterm and final semester question papers with mentioning
Co1, Co2………. against questions
b. Sample of best student answer (Original/photocopy or printed scan)
c. Sample of average student answer (Original/photocopy or printed scan)
d. Sample of worst student answer (Original/photocopy or printed scan)
e. Full record of all results for all assessments (print from Excel or similar, or
submit all exam scripts if you have them)
9. Tutorial sheet (If applicable)
10. Assignment sheet
11. Old Question Papers
12. Calculation of CO (Direct and Indirect) in Excel format.
Timetable

SYLLABUS
 Course code:
Category: Professional Core course
Course Title: Engineering Economics

Scheme and Credits Marks

Lectures : 3 Class work: 25 Marks

Tutorial. : 0 Exam : 75 Marks

Practical : 0 Total : 100 Marks

Credits. : 3 Duration of Exam : 3 Hours

Course Objectives:
1. Acquaint the students with basic concepts of economics and their operational significance.
2. To stimulate the students to think systematically and objectively about contemporary economic
problems

Note: Examiner will set nine questions in total. Question one will be compulsory. Question
one will have 6 parts of 2.5 marks each from all units and remaining eight questions of 15
marks each to be set by taking two questions from each unit. The students have to attempt
five questions in total, the first being compulsory, and select one from each unit.

COURSE CONTENT
UNIT-1
Definition of Economics- Various definitions and types of economics- Micro and Macro
Economics, nature of the economic problem, Production Possibility Curve, Economic laws
and their nature, Relationship between Science, Engineering, Technology and Economic
Development.

Demand- Meaning of Demand, Law of Demand, Elasticity of Demand- meaning, factors

affecting it, its practical application and importance.

UNIT-2
Production- Meaning of Production and factors of production, Law of variable proportions,
Returns to scale, Internal and external economies and diseconomies of scale.

Various concepts of cost of production- Fixed cost, Variable cost, Money cost, Real cost,
accounting cost, Marginal cost, and Opportunity cost. Shape of Average cost, Marginal cost,
Total cost, etc., in the short run and long run.

UNIT-3
Market- Meaning of Market, Types of Market- Perfect Competition, Monopoly, Monopolistic
Competition and Oligopoly (main features).

Supply- Supply and law of supply, Role of demand & supply in price determination and
effect of changes in demand and supply on prices.
UNIT-4
Indian Economy- Nature and characteristics of Indian economy as a developed, developing
and mixed economy (brief and elementary introduction), Privatization -meaning, merits and
demerits.

Globalisation of Indian economy - merits and demerits. Banking- Concept of a Bank,

Commercial Bank- functions, Central Bank- functions, Difference between Commercial &
Central Bank.

Course Outcomes:
By the end of this course, the student will be able to:

1. The students will able to understand the basic concept of economics.

2. The student will able to understand the concept of production and cost.
3. The student will able to understand the concept of market.
4. The student will able to understand the concept of privatization, globalization and
banks.

Reference Books:
1. Jain T.R., Economics for Engineers, VK Publication.
2. Chopra P. N., Principle of Economics, Kalyani Publishers.
3. Dewett K. K., Modern economic theory, S. Chand.
4. H. L. Ahuja., Modern economic theory, S. Chand.
5. Dutt Rudar & Sundhram K. P. M., Indian Economy.
6. Mishra S. K., Modern Micro Economics, Pragati Publications.
7. Singh Jaswinder, Managerial Economics, dreamtech press.
8. Micro Economic Theory M.L. Jhingan (S.Chand).
9. Micro Economic Theory - H.L. Ahuja (S.Chand).
10. Modern Micro Economics : S.K. Mishra (Pragati Publications).
11. Economic Theory - A.B.N. Kulkarni & A.B. Kalkundrikar (R.Chand & Co).
 Course Plan
Paper Code:
Lecture/Week: 3
Tutorial/Week: 0

Course Description and Weekly Lecture Plan

Lecture Plan

Week 1: Introduction to Engineering Economics

Introduction to fundamental economic concepts and their relevance in engineering decisions,

including scarcity, choice, opportunity cost, and efficiency in resource allocation. Discuss the role of
economics in engineering decision-making processes and provide an overview of microeconomic vs
macroeconomic principles applicable to engineering.

Week 2: Time Value of Money Concepts

Comprehensive coverage of time value of money principles, including calculation methods for simple
and compound interest, development of cash flow diagrams for engineering projects, and
understanding the relationship between present and future values in economic analysis.

Week 3: Cost Analysis Fundamentals

Detailed exploration of cost concepts, including fixed costs, variable costs, overhead costs, and their
implications in engineering decisions, followed by practical applications of cost estimation techniques
and analysis methods used in engineering projects.

Week 4: Depreciation Methods and Applications

In-depth study of various depreciation methods including straight-line, declining balance, and sum-of-
years digits, with emphasis on their practical applications in engineering asset management and tax
considerations.

Week 5: Asset Valuation Techniques

Comprehensive coverage of asset valuation methodologies, including book value, market value, and
salvage value determination, along with case studies demonstrating practical applications in
engineering asset management.

Week 6: Present Worth Analysis

Detailed examination of present worth analysis techniques, including the development of present
worth formulas, comparison of alternatives using present worth method, and consideration of multiple
project scenarios with unequal lives.

Week 7: Alternative Worth Analysis Methods

Thorough exploration of annual worth analysis and rate of return methods, including internal rate of
return (IRR) and external rate of return (ERR), with emphasis on selecting appropriate analysis
methods for different engineering scenarios.

Week 8: Project Evaluation Techniques

Comprehensive study of project evaluation methodologies, including benefit-cost ratio analysis,
incremental analysis, and sensitivity analysis, with focus on public sector project evaluation criteria
and methods.

Week 9: Engineering Decision Making

Detailed examination of decision-making processes under certainty, including decision tree analysis,
expected value calculations, and multiple alternative comparisons using both theoretical frameworks
and practical engineering cases.

Week 10: Risk Analysis in Engineering Economics

In-depth study of risk assessment methods in economic decisions, including probability analysis,
expected value determination, and decision-making under uncertainty, with practical applications in
engineering projects.

Week 11: Replacement Analysis

Comprehensive coverage of replacement analysis techniques, including determination of economical

service life, minimum cost life calculations, and analysis of defender-challenger problems in
equipment replacement decisions.

Week 12: Capital Budgeting

Detailed study of capital budgeting techniques, including capital rationing, ranking of projects, and
analysis of multiple investment alternatives under budget constraints, with focus on real-world
engineering applications.

Week 13: Economic Analysis in Dynamic Conditions

Examination of the effects of inflation on engineering economic decisions, including price index
numbers, constant and current dollars, and methods for incorporating inflation in engineering
economic analysis, concluding with review of key concepts and their applications.
 Lectures Delivery Report

Paper Code:
Lecture/Week: 3

Planned No. of Date of Lecture

Ref No. Topics
Lectures Delivery

Unit 1: (Planned Lectures: 8)

Introduction to Engineering Economics, Basic

A.1 2
Concepts

A.2 Time Value of Money, Interest Calculations 2

A.3 Cost Concepts and Classifications 2

A.4 Break-even Analysis and Applications 2

Unit 2: (Planned Lectures: 8)

B.1 Depreciation Methods and Calculations 2

B.2 Straight Line and Declining Balance Methods 2

B.3 Sum-of-Years Digits Method 2

B.4 Valuation Concepts and Methods 2

Unit 3: (Planned Lectures: 9)

C.1 Present Worth Analysis and Applications 2

C.2 Future Worth Analysis and Applications 2

C.3 Annual Worth Analysis 2

C.4 Rate of Return Analysis 2

C.5 Benefit-Cost Ratio Analysis 1

Unit 4: (Planned Lectures: 6)

Decision Making Under Certainty and

D.1 2
Uncertainty

D.2 Risk Analysis and Sensitivity Analysis 2

D.3 Capital Budgeting and Investment Decisions 2

 CO Attainment, Session 2024-2025
Department of CE, Mewat Engineering College, Nuh Haryana-122107
Semester/Year – 5thSem
Course Name- Transportation Engineering
Course Code-

Different Evaluation Scheme CO1 CO2 CO3 CO4 CO5

Direct CO Internal Exam CO

Attainment
Attainment % form

External Exam CO

Attainment % form

Direct CO Attainment

Indirect CO Student Feedback CO

Attainment
Attainment % form

Overall CO Attainment % form

CO Attainment (Considering 60%

threshold value)

Correlation 0-33% =1 Direct CO= 0.4*midterm CO + 0.6*end SEM CO

Correlation 34-67% =2 Indirect CO= Student feedback
Correlation 68-100 =3 Overall CO= 0.7*Direct CO+ 0.3*Indirect CO