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...Unit what is the scope of engineering economics a subject vital importance to engineers this helps one understand need for knowledge being an effective manager and decision maker it offers wide opportunities in developing countries like india aspirant can perform following roles demand analysis forecasting production cost product policy sales promotion marketing strategy profit management capital pricing decisions policies practices microeconomics vs macroeconomics s difference divided into two different categories study individuals business while looks at governments these branches appear be they are actually interdependent complement another many overlapping issues exist between fields key takeaways studies analyzes made by focuses on supply other forces that determine price levels making bottom up approach takes top down economy as whole trying its course nature investors use their investment analytical tool mainly used craft economic fiscal involves several principles including but...