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| Honours |
Year module |
NQF level: 8 |
Credits: 12 |
| Module presented in English |
Module presented online |
| Purpose: the subject of economics has much to do with the optimal utilisation od scarce resources. Engineering involves the cost-efective utilisation of technological and scientific knowledge and skills to benefit humanity. If solutions to engineering problems are not cost-effective, it has little use for society in general. The purpose of this module is to expose engineering students to the main concepts and techniques of engineering economics. This module will be useful to students as well as technical people such as engineers, technologists and scientists who want to undertake more advanced studies or research that are of techno-economic nature and whre the optimisation and/or economic viability of processes and ststems are required. |