PE240 : Engineering Economy

Department

Department of Petroleum Engineering

Academic Program

Bachelor in Petroleum Engineering

Type

Compulsory

Credits

03

Prerequisite

GS102

Overview

Fundamental aspects of an economic system in a society, this includes the fundamental problems of any economic system, the economic development and its limitation, role of the government; supply and demand, and the economic cycle of the price system; worth concepts normally used in engineering economics to provide a deep understanding of the different evaluation techniques necessary for the proper comparison and decision of the relative economic materials of investment alternatives