Semester:

5

Course Code:

CE3040

Course Name:

Economics, Finance and Entrepreneurship

Credit Value:

2 (Notional hours: 100)

Pre-requisites:

None

Core/Optional

Core

Hourly Breakdown

Lecture hrs.

Tutorial hrs.

Practical hrs.

Assignment hrs.

Independent Learning & Assessment hrs.

24

1

-

10

65

Course Aim: To impart knowledge on economic, financial, and managerial aspects needed to perform a multitasking role in the civil engineering practice.

Intended Learning Outcomes: On successful completion of the course, the students should be able to;

➢    discuss human resources management, leadership, and other social aspects of management in an engineering organization.

➢    demonstrate the knowledge on applying economics and financial information in decision making of engineering projects/organizations.

➢    discuss the role of entrepreneurship and marketing in the civil engineering industry.

➢    appraise the legal framework for a business.

Course Content:

➢    Social aspects of management: Human resource management; industrial psychology; customer satisfaction and industrial relations; Leadership and Management: Providing leadership; developing an organizational structure and culture; developing human resources and delegating authority.

➢    Economic aspects of management: Introduction to micro and macroeconomics; basic concepts of economics: demand and supply, labour market, product market; Economic analysis of civil engineering projects: Project appraisal methods such as NPV, IRR, etc.

➢    Macroeconomic Concepts: GDP; unemployment; inflation; role of central banking; other measures of development.

➢    Capital Budgeting Techniques and Working Capital Management: Process of capital budgeting; capital budgeting techniques; effect of risk; inflation and tax on investment decisions; analysis on capital budgeting; working capital management - profitability vs. liquidity.

➢    Financing Decision: Financing requirements of a business; sources of finance and project financing options (such as BOT, BOO etc.); life cycle financing; capital structure and cost of capital.

➢    Entrepreneurship & business proposal writing:   Role of an entrepreneur in creating jobs and wealth; risks and rewards of starting a business; Reasons for writing a business plan; outline of plan; presenting the business plan to investors, introduction to marketing aspects in construction industry.

➢    Legal Framework for a Business: Sole proprietorships; partnerships and limited liability companies; registering a company; memorandum and articles of association; labour law and industrial law.

Teaching /Learning Methods:

Classroom lectures, group exercises

Assessment Strategy:

Continuous Assessment

40%

Final Assessment

60%

Details:

Assignments    30%

Quizzes    10%

Theory (%)

60%

Practical (%)

Other (%) (specify)

Recommended Reading:

➢    Raymond A. Noe, et al. (2016). Fundamentals of Human Resource Management, 6th edn, McGraw Hill Education, USA.

➢    Project Management Institute Inc. (2013). A guide to the Project Management Body of Knowledge,

5th edn, Project Management Institute Inc, USA.

➢    Stephen, P. R., David A, D., & Mary, C. (2013). Fundamentals of Management, 8th edn, Pearson, USA.

➢    Philip, K., & Gary, A. (2012). Principles of Marketing, 14th edn, Pearson, Prentice Hall, UK.

➢    Fred, R. D. (2011). Strategic Management Concepts and Cases, 13th edn, Prentice Hall, USA.

➢    Weerasooriya, W. (2010). Commercial Law, 1st edn, Project Management Institute, Sri Lanka.

➢    Stephen, A. R., Radolph, W. W., & Bradford, D. J. (2008). Fundamentals of Corporate Finance, 6th edn, McGraw-Hill, Irwin.