Engineering Economy

Duration 6 Months

Frequency Once a week

Certificate Statement of Result

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.

Objectives

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

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

Modes of Assessment

Continual Assessment 100 %

Certification

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 (weekday) 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	S$109.14
Singapore Citizens aged below 40	S$166.92
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:

https://www.wsg.gov.sg/programmes-and-initiatives/workfare-skills-support-scheme-individuals.html

Course Contact

tsa_acadcet@tp.edu.sg
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.

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