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Level 6 Graduate Diploma in Engineering (9210-01) - City & Guilds

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Outcome 3 Develop an appreciation of economics, f<strong>in</strong>ancial account<strong>in</strong>g<br />

and f<strong>in</strong>ancial management, and understand eng<strong>in</strong>eer<strong>in</strong>g<br />

management, <strong>in</strong> relation to other managed activities, such as<br />

quality, f<strong>in</strong>ance, account<strong>in</strong>g, legal, market<strong>in</strong>g, sales,<br />

purchas<strong>in</strong>g, logistics, and personnel<br />

The learner can:<br />

1. Expla<strong>in</strong> the follow<strong>in</strong>g:<br />

Economics<br />

a. The Theory of consumer behaviour<br />

b. Theory of Production<br />

c. Concepts of different types of costs and Cost Functions<br />

Managerial Economics (MIicro)<br />

The economic way of th<strong>in</strong>k<strong>in</strong>g –<br />

a. The economic approach<br />

b. Supply, Demand and the market process<br />

c. Demand Forecast<strong>in</strong>g<br />

Market Structures:<br />

a. Market equilibrium –perfect competition<br />

b. Monopoly and monopolistic competition<br />

c. Duopoly and Oligopoly<br />

d. Public Goods and Market failure.<br />

e. Pric<strong>in</strong>g & Price Determ<strong>in</strong>ation Basic concepts<br />

Trade<br />

a. Basic concepts of Balance of payments.<br />

b. Bus<strong>in</strong>ess cycles.<br />

c. Basic concepts of IS-LM models<br />

d. Effectiveness of Monetary & Fiscal Policy<br />

e. Keynesian Economic theory versus Classical Economic theory.<br />

f. Theories of consumption function. (Basic Concepts)<br />

International economics and comparative systems:<br />

a. Economic growth & Measurement<br />

b. Economic Development & Susta<strong>in</strong>able Development<br />

c. F<strong>in</strong>anc<strong>in</strong>g Development<br />

d. Ga<strong>in</strong>s from International Trade<br />

e. Trade & Economic development<br />

f. International F<strong>in</strong>ance and Foreign Exchange Market<br />

F<strong>in</strong>ancial Account<strong>in</strong>g and F<strong>in</strong>ancial Management<br />

F<strong>in</strong>ancial Account<strong>in</strong>g<br />

Introduction – Theory and Transactions<br />

a. Basic Account<strong>in</strong>g Concepts<br />

b. Generally Accepted account<strong>in</strong>g Pr<strong>in</strong>ciples (GAAP)<br />

F<strong>in</strong>ancial statements<br />

a. Income Statement<br />

b. Balance Sheet<br />

c. Cash Flow Statements<br />

d. Common Size Statements<br />

Preparation of F<strong>in</strong>al Accounts<br />

a. Trad<strong>in</strong>g and Profit and Loss Account<br />

b. Balance Sheet<br />

c. Treatment of Outstand<strong>in</strong>g and Prepaid Expenses<br />

d. Treatment of Bad Debts<br />

24 <strong>Level</strong> 6 <strong>Graduate</strong> <strong>Diploma</strong> <strong>in</strong> Eng<strong>in</strong>eer<strong>in</strong>g (<strong>9210</strong>-<strong>01</strong>)

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