In the past, engineers had a fairly narrow focus, primarily concerning technical aspects of the task at hand and the computational aspects of engineering economics. This is no longer true as Engineers today have a greater responsibility to look beyond this narrow focus and to be strategic decision makers. This book explores the practical application of Engineering & Managerial Economics.
Review questions and answers are provided at the end of the each chapter to solidify the readers understanding of the subject matter discussed.
Chapter-1 Nature & Scope of Economics
Chapter-2 Demand & Demand Analysis
Chapter-3 Meaning and Method of Demand Forecasting
Chapter-4 Production Function
Chapter-5 Overview of Cost
Chapter-6 Market Structure
Chapter-7 National Income and Measurement
Chapter-8 Inflation & Deflation
Chapter-9 Phases of Business Cycles