Course info

This course introduces the fundamental principles of engineering economy and financial management as 
applied to Agricultural and Biosystems Engineering. It covers the concepts of the time value of money, 
financial statement analysis, inflation, financial viability assessment, feasibility analysis, and the preparation 
and evaluation of engineering feasibility studies. The course also introduces relevant International 
Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) to strengthen students' 
financial literacy and decision-making skills in engineering practice. It supports the development of 
economically sound, sustainable, and investment-ready engineering projects aligned with professional 
practice.