Topic outline

  • Food Engineering and Economics (NFE 333)

    NFE 333

  • Lecturer 1

    Introduction to Economics

    Topic Contents:

    • Concept of Economics 
    • Definitions of Economics 
    • Engineering  Economics
    • Applications of  Engineering  Economics
      


  • Lecture 2

    Cash Flow Diagram (CFD)

    Topic contents:

    •   CFD
    •  CATEGORIES OF CASH FLOWS
    •   DRAWING OF CASH FLOW DIAGRAM
    •  PROCEDURE
    •   MATHEMATICAL PROBLEMS

  • Lecture 3

    CAPITAL & INTEREST

    Topic covers:

    •  Capital
    •  Interest
    •  Inflation
    •  Simple Interest
    •  Compound Interest
    •  Mathematical Problems

  • Lecture 4: Time value of money

    Topic contents:

    •  Basic Concept on TVM
    •  Present Value
    •  Future Value.
    •  How do you Calculate?
    •  Mathematical Problem.

  • Lecture 5: Application of Engineering Economics

    Topic Covers:
    •  Engineering Economics in Decision Making
    •  Engineering economics answers to which questions?
    •  Basics of Cost Analysis.
    •  Types of cost
    •  Some problem.

  • Lecture 6: Demand

    Topic Contents:

    •   Aspects of Demand
    •   Types of Demand
    •   Law of Demand
    •   Demand Schedule & Curve
    •   Determinants of Demand

  • Quiz 1

    • Quiz 1
      Opened: Thursday, 3 February 2022, 8:30 AM
      Closed: Thursday, 3 February 2022, 9:00 AM

  • Lecture 7: Demand Analysis

    Topic Covers
    • What is Demand?
    •  Aspects of demand? 
    •  Law of Demand?
    •   Demand Schedule?
    •   Demand curve?

  • Lecture 8: Supply

    • Definition 
    •  Law of supply 
    • Shift in supply curve 
    •  Reasons for shifting supply curve 
    • Types of Supply 
    •  Determinants of Supply 
    • Relationship between supply and quantity supplied

  • Quiz 2

    • Quiz 2 (CC)
      Opened: Thursday, 17 February 2022, 10:00 AM
      Closed: Thursday, 17 February 2022, 10:25 AM

  • Lecture 9

    BREAK-EVENANALYSIS

  • Week 7

    Mid Term Examination





    • Lecture 11: New Economic Environment

    • Lecture 12: Basic concepts of Food Factory, plant layout and design

    • Lecture 13: National Income: Concepts & measurements

    • Lecture 14: Utilities

    • Lecture 15: Economies and diseconomies of scale

    • Week 11

      Quiz 3

      • Quiz 3
        Opened: Saturday, 18 June 2022, 11:30 AM
        Closed: Saturday, 18 June 2022, 12:20 PM
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    • Presentation

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    • Week 14

      Final Exam