Publisher's Synopsis
This is a concise and reader-friendly introduction to economics for engineering students who do not have prior knowledge of the subject. As engineers need to understand economic tools to be able to apply them in their main field, the treatment of the subject is presented in an easy to understand manner.Apart from introducing the main branches of economics, the book also discusses some advance topics such as forecasting, price determination under perfect competition and monopoly, decision making and linear programming. Subjects such as operational research and accountancy are discussed in terms of judging the economic viability of engineering projects. The discussion of "Elementary Engineering Economic Problems" will help students to understand and relate the application of economics to engineering problems.As well as engineering students, the book will also be useful to students of science or medicine undertaking the UPSC examination or pursing an MBA programme.
