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Course Overview

The subject covers a basic understanding of the economic aspects of operational applications, elements of costs and costing methods, and relation between cost behavior and profit. The subject also focuses on the applications of the process on economic analysis of different investment alternatives.



The aims of this subject are to provide students with the knowledge and:

  • Skills to perform feasibility studies of engineering proposals.
  • Basic analytical skill to analyze investment alternatives.
  • Fundamental skill to measure business performance.

Entry Requirements

Applicants applying for modular units which are drawn from existing full diploma or post-diploma programmes will have the same minimum entry requirements as the full qualifications.


To find out the minimum entry requirements specific to this modular course, please click here

What You'll Learn

  1. Interpret Full Absorbed (Standard) Costing.
  2. Apply Break-even Analysis to the impact of changing costs.
  3. Interpret Life-Cycle cost, the concept of the time value of money and the earning & purchasing power of money.
  4. Demonstrate the use of Interest Formula for Economic Equivalence.
  5. Demonstrate the application of process for economic decision-making for different investment alternatives.


Modes of Assessment

Continual Assessment 100 %



Upon successful completion of the modular unit, students will be awarded a Statement of Result which can count towards the attainment of the Diploma in Engineering (Operations & Systems Management).

Course Schedule/Apply

Intake Info Application Period Course Duration

To be confirmed

To be confirmed

7pm - 10pm
1-2 times a week 

Course Fees

Fee Type  Total Fees
(w GST)
SME-employed Singapore Citizens & Permanent Residents S$112.92 
Singapore Citizens aged 40 & above

Singapore Citizens aged below 40

Singapore Permanent Residents  S$1,097.82
Others & Repeat Students S$1,097.82

SkillsFuture Credit Approved. For more details, please click here.  

With effect from 1 Jul 2020, the Workforce Training Scheme (WTS) will be replaced by Work Support Scheme (WSS), for more information, please visit:


Course Contact

  • 67881212
  • Monday - Thursday: 8:30am - 6:00pm
    Friday: 8:30am - 5:30pm
    Closed during lunchtime, 12:00pm - 1:00pm
    and on weekends and public holidays.

  • https://www.tp.edu.sg/tsa
  • Temasek SkillsFuture Academy (TSA)
    Temasek Polytechnic
    East Wing, Block 1A, Level 3, Unit 4
    21 Tampines Ave 1
    Singapore 529757

  • Temasek Polytechnic reserves the right to alter the course, modify the scale of fee, amend any other information or cancel course with low enrolment.