Economics for Engineering Students

Organized in three parts, this is a concise and reader-friendly introduction of Economics to engineering students who have no prior knowledge of the subject. But, they need to know economic tools to be able to apply them to their main field, i.e., engineering. The treatment of the subject is very si [...]
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Organized in three parts, this is a concise and reader-friendly introduction of Economics to engineering students who have no prior knowledge of the subject. But, they need to know economic tools to be able to apply them to their main field, i.e., engineering. The treatment of the subject is very simple and takes care of syllabus which is being followed at various engineering institutes. Apart from introducing main branches of Economics, the book also discusses some advance topics such as forecasting, price determination under perfect competition and monopoly, decision making, linear programming and input-output analysis. Subjects such as Operational Research and Accountancy have been discussed which are used in judging economic viability of engineering projects. However, most interesting and invigorating is the discussion on 'Elementary Engineering Economic Problems' which will help students to understand and relate application of Economics to engineering problems. Not only to engineering students, the book will also be helpful to students of science or medicine who want to appear for UPSC examination or pursue MBA programme.