FACC 300
Engineering Economy
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Prof: Raad Jassim / Fall 2022
Jan 4, 2023
This is a very condensed course on the basics of microeconomics, corporate finance, taxation, inflation, and risk. No assignments, just two midterms and a final, where everything is multiple choice. There are, however, many optional quizzes and participation opportunities to earn bonus credit. Due to time constraints, the final few topics were omitted from the final exam and/or were not taught.
Introduction: supply and demand, price elasticity of supply and demand, production function, cost function. Accounting: assets, liabilities, income statements, balance sheets, cash flow, accounting ratios, depreciation. Time Value of Money: simple and compound interest, nominal interest rate, continuous compounding, compound interest factors, bonds. Production & Cost Analysis: break-even analysis, Theory of the Firm, Fundamental Microeconomic Principle, minimizing project costs. Sources of Funds & Costs of Capital: debt, preferred shares, common shares, retained earnings, weighted-average cost of capital (WACC). Project Evaluation Criteria: investment analysis, cash flow analysis, rate of return, payback period, production period, net present value (NPV), incremental rate of return (I...read more
Is fairly friendly and tries to engage the class with bonus marks for participation. Sometimes goes off of the lecture slides for worked examples and how current world events affect economics. The course notes often doesn't include certain topics, and the order isn't accurate.
Go to class, attend tutorials, and do all the bonus activities. The exams can be pretty difficult as he likes include peculiar wording / changes in units to trip you up.
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