Readers are reminded that this work is protected by copyright. While they are free to use the ideas expressed in it, they may not copy distribute or publish the work or part of it, in any form, printed, electronic or otherwise, except for reasonable quoting, clearly indicating the source. Readers are permitted to make copies, electronically or printed, for personal and classroom use

Readers are reminded that this work is protected by copyright. While they are free to use the ideas expressed in it, they may not copy, distribute or publish the work or part of it, in any form, printed, electronic or otherwise, except for reasonable quoting, clearly indicating the source. Readers are permitted to make copies, electronically or printed, for personal

Readers are reminded that this work is protected by copyright. While they are free to use the ideas expressed in it, they may not copy distribute or publish the work or part of it, in any form, printed, electronic or otherwise, except for reasonable quoting, clearly indicating the source. Readers are permitted to make copies, electronically or printed, for personal and classroom use

Readers are reminded that this work is protected by copyright. While they are free to use the ideas expressed in it, they may not copy, distribute or publish the work or part of it, in any form, printed electronic or otherwise, except for reasonable quoting, clearly indicating the source. Readers are permitted to make copies, electronically or printed, for personal and classroom use. Contents

ENGINEERING ECONOMICS II INVESTMENT ANALYSIS Companies(and individuals) invest money in order to earn money Examples Build a factory to make washing machines and dryers → Open laundromat Write novel(what is being invested here?) Get a degree in chemical engineering

The Anti-Theoretical Nature of Civil Law Contract Scholarship and the Need for an Economic Theory Aristides N. Hatzis Abstract The absence of theories developed for Roman law and the absence of grand theories in Civil contract law scholarship v outcomes of a particularistic ap- proach to the problems created by the d iencies of markets and driven by the need for the cons conducive to economic progress. the selection of efficient everal centuries and stabi-

What Are We Doing in this Chapter? We expand our basic consumer choice framework to include the possibility that consumers can sell something to generate income. Again, in terms of theoretical framework, nothing is new

What Are We Doing in this Chapter? We take a further look at the comparative statics of demand function with respect to prices; We divide the changes in demand due to price changes into two effects: -Substitution effect

Monetary Measures of Gains-to- Trade You can buy as much rice as you wish at RMB1 per kilogram once you enter the gasoline market. Q: What is the most you would pay to enter the market?

DESIGN METHODOLOGY: INPUT-OUTPUT DECISIONS goaL-- Choose the process chemistry and feedstock most appropriate to the plant to be designed and determine the associated economic potential