Finance & Accounting100% OFF

Business Economics - Learn to Evaluate Your Startup Business

Udemy Instructor

5(2.8K students)

Self-paced

All Levels

About this course

Engineering economics, previously known as engineering economy, is a subset of economics concerned with the use and "application of economic principles" in the analysis of engineering decisions. As a discipline, it is focused on the branch of economics known as microeconomics in that it studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Thus, it focuses on the decision-making process, its context and the environmentAs a discipline though, it is closely related to others such as statistics, mathematics, and cost accounting.

It draws upon the logical framework of economics but adds to that the analytical power of mathematics and statisticsEngineers seek solutions to problems, and along with the technical aspects, the economic viability of each potential solution is normally considered from a specific viewpoint that reflects its economic utility to a constituency. Fundamentally, engineering economics involves formulating, estimating, and evaluating the economic outcomes when alternatives to accomplish a defined purpose are available. Since engineering is an important part of the manufacturing sector of the economy, engineering industrial economics is an important part of industrial or business economics.

For this reason, the major courses that are covered in this course are:The economics of the management, operation, and growth and profitability of engineering firms;Macro-level engineering economic trends and issues;Engineering product markets and demand influences; andThe development, marketing, and financing of new engineering technologies and products. This Course Includes the following topics. Introduction: Engineering economy defined, measures of financial effectiveness, non-monetary factors and multiple objectives.

Principles of engineering economy. The Economic Environment: Consumer and producer goods, measures of economic worth. price, supply, & demand relationship.

production. factors of production laws of return. Cost Concepts & Analysis: Sunk & opportunity costs.

fixed, variable, and incremental costs, recurring & nonrecurring costs. direct, indirect. and overhead costs, standard costs.

Break-even analysis, unit cost of production, cost-benefit analysis, feasibility studies, value analysis in designing & purchasing. Time Value of Money: Simple interest, compound interest, cash flow diagrams, interest formulas, nominal versus effective interest rate, continuous compounding. Depreciation and Depletion: Purpose of depreciation, types of depreciation, economic life and what can be depreciated?

Comparing Alternatives: Present economy, selection among machines, materials, processes, and designs, payback period method, present worth method, uniform annual cost method, rate of return method, alternatives having identical lives, alternatives having different lives. Linear Programming: Mathematical statement of linear programming problems graphic solution. Simplex method and duality problems.

RECOMMENDED BOOKS(01) Engineering Economics by William G. Sullivan & James A. Bontadelli(02) Operational Research: An Introduction by Hamdy A TahaCOURSE OUTLINE OF THIS COURSE IN DETAILIntroduction of EconomicsIntroduction to Economics and Difference between Wants and DesiresIntroduction to EconomicsDifference between Want and DesiresDo resources fulfill wants or desires?

Macro and Micro Economics, Engineering Economics and Economic BehaviorTwo Dimensions of Economics Macro Economics Micro EconomicsEngineering EconomicsEconomic Environment/BehaviourClassification of Consumer and Producer GoodsTheory and Laws of Demand and SupplyTheory of Demand and SupplyLaw of SupplyDetermination of SupplyShifts in SupplyLaw of DemandDemand Schedule or Demand CurveDetermination of DemandShifts in DemandSupply Function/EquationDemand Function/EquationUnderstanding the Market Equilibrium and Elasticity concepts in EconomicsMarket EquilibriumEquilibrium’s Mathematical RepresentationPrice Elasticity of DemandElasticity and RevenueSpecial Cases of ElasticityMarket Structure and Types of BusinessesMarket StructureTypes of BusinessesUnderstanding the Time Value of MoneyUnderstand Simple and Compound Interest with Problems and Cash Flow DiagrammingSimple InterestCompound InterestSimple vs. Compound InterestNotation and Cash Flows DiagramCash Flow DiagramingPresent and Future Values of Single Cash FlowDiscrete Cash Flow Examples Illustrating EquivalencePresent Equivalent of Future Amount of MoneySolving Problem related to Time Value of MoneyAnnuity and Deferred Annuity and Solving Example Problems related to themAnnuityRelating a Uniform Series (Annuity) to its Present and Future EquivalencePresent Equivalent of AnnuitySolving Problems Related to the AnnuityDeferred Annuities (Uniform Series)Present Equivalent of Deferred AnnuitySolving Problems related to Present Equivalent of Deferred AnnuityUniform Arithmetic Gradient of Cash FlowGradient Problem and using Gradient Conversion for Solving ProblemsGradient ProblemUsing Gradient Conversion Factor for solving ProblemsNominal and Effective Interest Rate and Concepts of APR and APYNominal and Effective Interest RatesConcept of APR (Annual Percentage Rate) and APY (Annual Percentage Yield)Time-based Units (Interest Rate Statement)Solving Problems related to Nominal and Effective Interest RatesSolving Problems related to Nominal and Effective Interest RatesDerivation of Effective Annual Interest RateEquivalence Relation: Payment Period and Compounding PeriodEffective Interest rate of any time and Financial Effectiveness and EfficiencyEffective Interest rate for any time periodEquivalence Relation (PP<CP)Financial Effectiveness and EfficiencyEvaluating an Engineering Project (Comparison and Selection of Alternatives)Taking Decision on the Basis of Present and the Future Worth MethodThe Present worth MethodThe decision of PW MethodRelation between i & PWFind that the Project is Economically Justified? The Future worth MethodTaking Decision on the Basis of Annual Worth MethodThe Annual worth MethodComparing the Business Alternatives for taking the DecisionComparing Alternative BusinessesSolving Problems related to Present worth analysisSolving Problems related to Future worth analysisLinear ProgrammingObjective Functions, Constrains and Main Elements of Linear ProgrammingOperations ResearchObjective Functions and Constraints of Linear ProgrammingMain Elements of Linear ProgrammingThe Reddy Mikks Company ModelPayback Period of any InvestmentUnderstand Payback and Discounted Payback Period of any BusinessCase 1 : For Even Cash FlowCase 2: For Uneven Cash FlowSolving Problems related to the Payback Period (Even and Uneven Cash Flows)Discounted Payback PeriodInternal Rate of Return and Solving Problems related to itInternal Rate of ReturnSolving Problems Related to Internal rate of ReturnUnderstand about Incremental Cash Flow and Mutually Exclusive Project AnalysisIncremental Cash FlowMutually Exclusive Project AnalysisReplacement Decision Analysis and Lives of AssetReplacement Decision AnalysisType of Lives of Asset1.

Economic Life2. Ownership Life3. Physical Life4.

Useful LifeReplacement Analysis Using PW (Present worth Analysis)Replacement Analysis using Estimated Uniform Annual Cost (EUAC)Solving Problems related to EUAC for Replacement AnalysisUnderstand about the Economic Life of New AssetDepreciationDeprecation of Tangible and Intangible Property and Methods of DeprecationDeprecation of Tangible and Intangible PropertyTypes of Depreciation (Normal and Monetary)Methods of Deprecation1. Straight Line (SL) Method2. Sum of the Year Digit Method3.

Declining Balance Method4. Double Declining BalanceModified Accelerated Cost Recovery (MACRS)Declining Balance with switch over Straight Line MethodModified Accelerated Cost Recovery (MACRS)Solving Problems related to Depreciation and MACRSCost Concept in EconomicsConcepts of Cost, Volume and Break-Even Point for any Start-up BusinessWhat is meant by Cost?

Skills you'll gain

EconomicsEnglish

Available Coupons

Course Information

Level: All Levels

Suitable for learners at this level

Duration: Self-paced

Total course content

Instructor: Udemy Instructor

Expert course creator

This course includes:

📹Video lectures
📄Downloadable resources
📱Mobile & desktop access
🎓Certificate of completion
♾️Lifetime access

$0$102.99

Save $102.99 today!

Enroll Now - Free

Redirects to Udemy • Limited free enrollments

Share this course

https://freecourse.io/courses/engineering-economics-take-decision-between-alternatives

Economics shapes every decision you make — whether you realise it or not. The price of your groceries, event tickets, the interest rate on your mortgage, the salary you negotiate, the pension you're (hopefully) building — all of it is economics in action.Yet most people were never taught how any of it works.Economics for Everyone in a Digital-First World is a practical, accessible, and genuinely engaging course designed to change that. It covers the full sweep of modern economics — from the fundamentals of supply, demand, and inflation, to the cutting-edge forces reshaping our world: artificial intelligence, cryptocurrency, the green transition, and the gig economy.Every concept is clearly explained, connected to real-world events, and made relevant to your life , with examples you can recognise— whether you're managing a household budget, running a business, building an investment portfolio, or simply trying to make sense of the headlines.By the end of this course, you will understand why prices rise and fall, how governments and central banks manage the economy, what drives wages and employment, how global trade and supply chains work, and how the digital and green revolutions are creating new winners and losers.More importantly, you will be able to apply this knowledge. You'll make smarter financial decisions, spot economic risks before they hit you, and identify opportunities that others miss.Economics is not just for economists. It is the operating system of the modern world — and understanding it is one of the most valuable skills you can develop.Whether you're a student, a professional, an entrepreneur, or simply a curious person who wants to understand the world better — this course will give you the tools, the language, and the confidence to think economically.Enrol now. The world makes a lot more sense when you understand the economics behind it.best regards, Baba Oyewole FCCA

Intermediate Accounting

Udemy Instructor

In today’s fast-paced and ever-changing business world, a strong understanding of accounting principles and financial reporting is essential for organizations to thrive. Accounting is the backbone of sound decision-making, providing the foundation for strategic business choices, effective resource allocation, and regulatory compliance. This Intermediate Accounting course is designed to equip you with advanced theoretical knowledge, practical frameworks, and real-life examples to navigate the complexities of financial reporting.While this course does not involve calculations or technical problems, it offers an in-depth exploration of key accounting principles and their real-world applications. You will explore essential concepts, such as revenue recognition, asset valuation, and financial statement analysis, all through real-world scenarios that showcase how accounting shapes business operations and decisions.What You’ll Learn:Master the core principles of accounting and financial reporting frameworks used by organizations worldwide.Understand how financial statements are prepared, analyzed, and interpreted to reflect a company’s financial health.Explore advanced accounting topics, including revenue recognition and asset valuation, with real-life case studies.Learn to assess financial performance and identify areas for improvement within an organization.Stay updated on the latest trends in accounting, including ESG (Environmental, Social, and Governance) reporting and international standards.Why It’s Important: In a globalized economy, professionals with a strong grasp of accounting principles are key to driving business success. Whether you're making decisions as a manager, evaluating financial health as a consultant, or preparing for accounting certifications, this course will provide you with the theoretical knowledge needed to thrive in the world of finance.This course is ideal for accounting, finance, and business professionals, as well as students preparing for advanced certifications. It gives you the confidence and expertise to make informed decisions, ensuring both personal and organizational growth in today’s complex business environment.Enroll today to deepen your understanding of accounting and financial reporting, and position yourself as a leader in the ever-evolving financial world.

Transfer Pricing & International Taxation Mastery || UPDATED

Udemy Instructor

This course contains the use of Artificial Intelligence.|| UNOFFICIAL COURSE ||Transfer pricing is a critical area of international taxation that affects multinational enterprises, tax professionals, finance teams, accountants, auditors, and organizations involved in cross-border related-party transactions. This comprehensive course provides a structured and practical understanding of transfer pricing principles, economic analysis, pricing methods, documentation requirements, complex transactions, tax audits, and international dispute resolution.The course begins by establishing a strong foundation in transfer pricing, including its definition, scope, economic drivers, and relevance to multinational enterprises. You will explore related-party transactions and develop a clear understanding of the arm’s length principle, including its history, purpose, application, and importance in determining appropriate pricing for transactions between associated enterprises. The course also introduces major international transfer pricing frameworks, including the OECD Transfer Pricing Guidelines and the UN Practical Manual on Transfer Pricing, helping you understand how global approaches can differ.You will then learn the core transfer pricing methods used to evaluate whether related-party transactions are consistent with the arm’s length principle. The course covers the Comparable Uncontrolled Price (CUP) Method, Resale Price Method (RPM), Cost Plus Method (CPM), Transactional Net Margin Method (TNMM), and Profit Split Method (PSM). You will explore the purpose, application, advantages, limitations, and appropriate use of each method and understand how practitioners select the most suitable approach for different transaction types.A major part of the course focuses on comparability and economic analysis. You will learn how to structure a comparability analysis, perform a detailed Functions, Assets, and Risks (FAR) analysis, identify relevant economic characteristics, and evaluate the factors that influence the reliability of comparable transactions or companies. You will also explore approaches to sourcing, screening, and selecting independent comparable entities, along with the role of comparability adjustments and the development and interpretation of an arm’s length range.The course also addresses complex and specialized transfer pricing transactions. You will examine the transfer pricing treatment of intangible assets and intellectual property and develop an understanding of the DEMPE framework covering Development, Enhancement, Maintenance, Protection, and Exploitation. You will also explore intra-group management services, low-value-adding services, intercompany loans, financial transactions, guarantees, and other important areas where transfer pricing analysis can become particularly challenging.You will gain a detailed understanding of international transfer pricing documentation and compliance requirements, with particular emphasis on the OECD BEPS Action 13 three-tier documentation framework. The course explains the purpose and structure of the Master File, the entity-level requirements of the Local File, financial reconciliation considerations, and Country-by-Country Reporting (CbCR). These topics will help you understand how multinational groups organize and communicate their transfer pricing policies, supporting information, and financial data to tax authorities.The course further explores transfer pricing audits, adjustments, and dispute management. You will learn about common tax authority audit strategies, primary and secondary adjustments, and the potential consequences of transfer pricing assessments. You will also study mechanisms for addressing international double taxation, including the Mutual Agreement Procedure (MAP), as well as Advance Pricing Agreements (APAs), including unilateral, bilateral, and multilateral approaches.Finally, the course examines the important relationship between transfer pricing and customs valuation. You will explore why the same intercompany transaction can have different considerations for income tax and customs purposes and understand the importance of coordinating transfer pricing policies with customs valuation requirements.By the end of this course, you will have a comprehensive understanding of transfer pricing concepts, international frameworks, pricing methodologies, comparability analysis, complex transactions, documentation, compliance, audits, and dispute resolution. Whether you are building foundational knowledge or looking to strengthen your professional understanding of international transfer pricing, this course provides a broad framework for analyzing and managing transfer pricing issues in a global business environment.Thank you

0.0•2•Self-paced

FREE$75.99

Enroll

Business Economics - Learn to Evaluate Your Startup Business

About this course

Skills you'll gain

Available Coupons