Integrated Economics Slide Decks

Overview

• Contains slide decks for a course on engineering economy, macroeconomics, microeconomics, and quantitative decision tools.
• Slide decks are organized by class number and topic, with dates ranging from late October to early November.

Folder Contents Summary

• Each file is labeled by class and topic.
• Topics progress from foundational concepts to applied analysis and cost estimation.

File Index and Key Topics

Class 1: Engineering Economy

• Date: Nov 1 | 164 KB
• Intro to engineering economy concepts

Class 2: Macroeconomic Aggregates

• Date: Nov 1 | 133 KB
• Overview of national-level economic measures

Class 3: GDP New Series

• Date: Nov 1 | 258 KB
• Updates on GDP series

Class 4: Growth, Development, PQLI, HDI

• Date: Nov 1 | 1.2 MB
• Development indices and measures

Class 5: Development as Freedom

• Date: Nov 1 | 98 KB
• Perspective on development

Class 6: Markets

• Date: Oct 30 | 42 KB
• Market fundamentals

Class 7: Theory of Demand

• Date: Oct 30 | 203 KB
• Principles of demand theory

Class 11: Theory of Production & Supply

• Date: Oct 30 | 502 KB
• Production and supply concepts

Class 12: Elasticity

• Date: Oct 30 | 1.2 MB
• Elasticity in economics

Class 13: Theory of Consumer Choice

• Date: Nov 2 | 428 KB
• Basics of consumer choice

Class 14: Indifference Curves

• Date: Oct 30 | 1 MB
• Analysis of indifference curves

Class 15: Cost Concepts

• Date: Oct 30 | 592 KB
• Types and classifications of costs

Classes 16, 17, 18: Demand Forecasting

• Date: Oct 30 | 1.3 MB
• Methods and approaches for forecasting demand

Class 19: Time Value of Money

• Date: Oct 29 | 378 KB
• Introduction to TVM principles

Class 20: Interest Rate Basics (Optional)

• Date: Oct 30 | 237 KB
• Key concepts about interest rates

Class 21: Interest, Factors, Effect of Time on Money

• Date: Nov 1 | 807 KB
• Understanding factors and timing

Class 22: Combining Factors

• Date: Nov 1 | 483 KB
• Working with multiple interest factors

Class 23: PW, FW, and CC

• Date: Oct 29 | 539 KB
• Present worth, future worth, and cash flow

Class 24: Annual Worth

• Date: Oct 29 | 414 KB
• Annual worth analysis techniques

Class 25: Breakeven Analysis

• Date: Oct 29 | 510 KB
• Breakeven concepts and calculations

Class 26: Replacement Analysis

• Date: Oct 29 | 251 KB
• Asset replacement decision making

Class 27: Rate of Return Analysis

• Date: Oct 29 | 68 KB
• Fundamentals of rate of return

Class 28: Rate of Return (Continued)

• Date: Oct 29 | 97 KB
• Continuation of ROR analysis

Class 29: Benefit-Cost Analysis

• Date: Oct 29 | 134 KB
• Evaluating projects through B/C analysis

Class 30: Depreciation and Income Taxes

• Date: Oct 29 | 161 KB
• Depreciation and tax fundamentals

Class 31: Depreciation and Income Taxes (Continued)

• Date: Oct 29 | 144 KB
• Further depreciation and tax concepts

Class 32: Cost Estimation

• Date: Oct 29 | 907 KB
• Approaches to cost estimation

Course Structure and Topics

• Engineering economy foundations: concepts, TVM, interest factors.
• Economic worth analyses: present/future worth, annual worth, breakeven, rate of return.
• Project evaluation: benefit-cost analysis, depreciation, income taxes, replacement analysis.
• Macroeconomics: aggregates, GDP, growth, PQLI, HDI, development perspectives.
• Microeconomics: markets, demand, elasticity, consumer choice, indifference curves, production, supply, cost concepts.
• Forecasting and costing: demand forecasting and cost estimation methods.

Key Terms & Definitions

• Time Value of Money (TVM): Value of money changes over time due to interest.
• Present Worth (PW): Current value of future cash flows.
• Future Worth (FW): Value of present cash flows at a future date.
• Annual Worth (AW): Uniform annual value of cash flows.
• Breakeven Analysis: Identifies output where revenue equals cost.
• Rate of Return (ROR): Investment gain percentage.
• Benefit-Cost (B/C) Analysis: Compares a project’s benefits to its costs.
• Depreciation: Allocating asset cost over its life.
• Elasticity: Response of quantity to price or other changes.
• Indifference Curve: Shows equal satisfaction combinations for a consumer.
• PQLI/HDI: Measures of physical quality of life and human development.

Action Items / Next Steps

• Review foundational slide decks before advanced worth and ROR sessions.
• Study macro and micro concepts first, then engineering economy topics.
• Focus on extended topics like demand forecasting and ROR analyses.
• Align lecture notes with slide modification dates for consistency.