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Suggestions (HS MC301), 2023

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Suggestions (HS MC301), 2023

Uploaded by

Souvik Gon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SUGGESTIONS OF ECONOMICS FOR ENGINEERS(HS MC301)

Theoretical Part
1. a) What is Engineering Economics ? What are its Importance ?
b) Why do Engineers need to learn about Engineering Economics ?
2. a) Discuss different models available for Engineering Cost Estimation.
b) What types of difficulties may arise in estimating Engineering Costs ?

3. a) What is BE Analysis ? What are its assumptions ? Determine the elements of BEP graphically and
determine the BEP algebraically.
b) What are the limitations of BE analysis ? Mention the application areas of BE Analysis.
4. What is NPV ? What are its Limitations ? What are the differences between NPV &IRR ?

5. a) What is Inflation ? What are its causes ? Explain different types of Inflation.
b) Discuss the positive & negative effects of Inflation . How would you control inflation ?

6. a) What is Depreciation ? What are its external & internal causes ?


b) Is it necessary to provide depreciation in accounting ? Discuss the different methods of calculating
Depreciation.
7. a) What is Replacement Analysis ? What are its causes ?
b) How to determine economic life of any asset? Explain the term Defender & Challenger.

8. a) What is Accounting Ratio ? What are its uses ?


b) What are the limitations of Ratio analysis ?
9. a) What is Balance Sheet ? What does it represents ?
b) Briefly mention the different components of Balance Sheet.
10 .Short Notes : I
i) Time Value of Money ii) Micro Economics iii) Macro Economics iv) Recurring and Non Recurring
Costs v) Sunk Costs vi) Life Cycle Costs and its components vii) Fixed Costs & Variable Costs with
Diagram viii) Direct Costs and Indirect Costs ix) Marginal Costs x) Opportunity Costs xi) Power
Sizing Model xii) Learning Curve Model and its benefits.
II
i) Nominal and Effective Interest ii) Present Worth & Future Worth iii) Benefit Costs Ratio iv)
Sensitivity Analysis v) Angle of Incidence vi) Debt Repayment
III
i) Consumer Price Index ii) Demand Pull & Cost Push Inflation iii) Deflation iv) Differentiate
between Price Increase & Inflation v) Stagflation vi) Uses of Price Index in Engineering Economic
Analysis.vii) Importance of Index Number.viii) Simulation & its Advantages.Ix ) Economic Decision
Tree. x) Meaning of Estimation. xi) Joint probability Distribution
IV
i) Intangible Property ii) Real property iii) Depletion iv) Obsolescence v) Differentiate between
Depreciation & Amortization vi) Straight Line Method & Declining Method of Depreciation.
vi) Break Down & Preventive Maintenance vii)Different types of Income Statement viii) Cost
allocation & Cost apportionment ix) Capital Expenditures & Revenue Expenditures.x) Minimum
Cost life of a New Asset xi) Balance Sheet. xii) Risk vs Return.

Numerical Part :
1.) Present Worth 2) Future Worth.3) Annual Equivalent Worth. 4) NPV,IRR,PBP,Benefit Cost Ratio.
5)BE Analysis. 6) Replacement Analysis. 7) Decision Tree. 8) Compound Interests& Annuity.
9) Ratio Analysis.10) Cost Sheet 11) Joint probability, Expected Value. 12) Trading, P&L and Balance
Sheet. 13) Depreciation. 14) Price Index. 15) Cost Estimation by different Models. 16) Income
Statement.
( HIGHLIGHTED QUESTIONS/TOPICS ARE MORE IMPORTANT)

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