CED214 - Engineering Economics



Course length

150 minutes / week



CED214 - Engineering Economics


Shella Permatasari Santoso

About the course

Prerequisite courses


Course description and learning objectives

Student completing this course will be able to describe the principles of management and perform an economic analysis in the corporate management from the engineering viewpoint

Topics include

1. Principle of management
2. An overview on the decision making
3. Motivation, communication and leadership
4. Company as an organization, stock transaction and dividends
5. Introduction to a quantitative management
6. Integrated management quality control
7. The concept of time value of money, cash flow, depreciation, fixed capital, working capital and production costs
8. Profit analysis (Return on Investment, Pay Out Time, Payback Period, Net Present Value, Discounted Cash Flow Rate of Return, Break Even Point, sensitivity analysis)


1. Newman, D. G., Eschenbach, T. G., Lavelle, J. P., 2009, Enginering Economic Analysis, Oxford: Univ Press.
2. Peter, M. S., Timmerhaus, K. D., 1991, Plant Design and Economics for Chemical Engineers, 4th ed., New York: McGraw-Hill.
3. Ulrich, G. D., Vasudevan, P. T., 2004, Chemical Engineering: Process Design and Economics A Practical Guide, Durham: Process Publishing.
4. Mondy, R.W., Arthur S., Edwin B.F., 1988, Management Concepts and Practices, 4th ed, Allyn and Bacon, Inc.