Economics for Engineers HL Bhatia PDF Free: What is it and How to Get it? - YouTube
Economics for Engineers HL Bhatia PDF Free: A Comprehensive Guide
If you are an engineering student or a professional engineer who wants to learn more about the economic and financial aspects of your field, you might be interested in reading Economics for Engineers by HL Bhatia. This book is a popular and widely used textbook that covers the fundamentals and applications of engineering economics in a clear and concise manner. But what if you don't have access to a physical copy of the book or you don't want to spend money on buying it? Is there a way to get Economics for Engineers HL Bhatia PDF free? In this article, we will answer these questions and provide you with a comprehensive guide on everything you need to know about this book. We will explain what engineering economics is, who HL Bhatia is, what his book is about, why you should read it, and how you can get it for free. So, let's get started!
economics for engineers hl bhatia pdf free
What is Economics for Engineers?
Before we dive into the details of the book, let's first understand what economics for engineers is and why it is important.
Definition and scope of engineering economics
Engineering economics, also known as engineering economy or techno-economic analysis, is a branch of economics that deals with the evaluation and comparison of different engineering alternatives based on their costs and benefits. Engineering economics helps engineers to make rational decisions that maximize the value and efficiency of their projects, products, systems, or services. Engineering economics involves various concepts and methods such as:
Cost estimation and analysis
Time value of money and interest rates
Present worth and future worth analysis
Annual worth and equivalent annual worth analysis
Rate of return analysis
Risk and uncertainty analysis
Life cycle costing
Depreciation and taxes
Inflation and deflation
Decision making under multiple criteria
Engineering economics can be applied to various fields of engineering such as civil, mechanical, electrical, chemical, industrial, environmental, software, etc. Engineering economics can also be integrated with other disciplines such as operations research, management science, statistics, accounting, finance, etc.
Importance and applications of engineering economics
Engineering economics is important because it helps engineers to:
Analyze the feasibility and viability of different engineering alternatives
Select the best alternative that meets the technical specifications and economic constraints
Justify and communicate the economic merits of their engineering solutions
Improve the performance and profitability of their engineering projects, products, systems, or services
Minimize the costs and risks and maximize the benefits and returns of their engineering endeavors
Adapt to the changing market conditions and customer preferences
Enhance their professional skills and career prospects
Some examples of the applications of engineering economics are:
Designing and building a bridge, a dam, a highway, a power plant, a water treatment plant, etc.
Developing and launching a new product, a software, a website, an app, etc.
Choosing between buying or leasing a machine, a vehicle, an equipment, etc.
Evaluating the environmental impact and social welfare of an engineering project
Comparing the costs and benefits of renewable and non-renewable energy sources
Optimizing the production process and inventory management of a manufacturing firm
Planning and budgeting for the maintenance and replacement of an engineering asset
Estimating the demand and pricing of an engineering service or product
Who is HL Bhatia?
Now that we have a basic idea of what economics for engineers is, let's learn more about the author of the book Economics for Engineers, HL Bhatia.
Biography and achievements of HL Bhatia
HL Bhatia is a renowned Indian economist, academician, author, and consultant. He was born in 1932 in Lahore, Pakistan. He obtained his MA in Economics from Punjab University in 1954 and his PhD in Economics from Delhi School of Economics in 1961. He has over 50 years of teaching and research experience in various institutions such as Delhi School of Economics, Indian Institute of Management Ahmedabad, Indian Institute of Foreign Trade, Jawaharlal Nehru University, etc. He has also served as a visiting professor or lecturer in several universities abroad such as University of California Berkeley, University of Hawaii, University of Manchester, etc. He has been a consultant to various national and international organizations such as Planning Commission of India, World Bank, UNDP, UNCTAD, etc. He has received several awards and honors such as Padma Shri (1985), VKRV Rao Award (1990), VKRV Rao Memorial Lecture (2004), etc. He has also been a member or chairman of various committees and councils related to economic policy and planning in India.
Books and publications by HL Bhatia
HL Bhatia has written more than 20 books and over 100 research papers on various topics of economics such as public finance, monetary economics, international economics, development economics, etc. Some of his notable books are:
Economics for Engineers (for MAKAUT) 3rd Edition: This is the book that we are going to review in this article. It is a textbook that covers the fundamentals and applications of engineering economics for engineering students.
Public Finance: This is one of his most popular and widely used books. It is a comprehensive and analytical study of the theory and practice of public finance in India.
History of Economic Thought: This is another well-known book by him. It is a historical survey of the evolution and development of economic thought from ancient times to modern times.
International Economics: This is a book that deals with the principles and problems of international trade, finance, and development.
Economic Development in India: Problems and Prospects: This is a book that examines the issues and challenges faced by India in its quest for economic development.
What is Economics for Engineers (for MAKAUT) 3rd Edition?
Now that we know who HL Bhatia is and what he has written, let's focus on his book Economics for Engineers (for MAKAUT) 3rd Edition. What is this book about? What are its features? What are its contents? Let's find out.
Overview and features of the book
it is self-contained and obviates the need for additional reading. There are a large number of solved illustrative examples as also addenda of learning objectives, key words and review questions. Since an engineering economist uses several conversion factors involving time placements, an appendix has been provided explaining the symbols representing these conversion factors, the formulas used for calculating them, together with some illustrative tables. Being mindful of the fact that an engineering economist needs to combine his own knowledge and expertise with relevant inputs from the disciplines of accounting and economics, the book has been written so as to adequately equip him for this task, identify relevant available options and assess their relative worth and reliability. It also does not ignore the fact that, in practice, the decision maker has to consider several additional issues relating to finance, law, and environment as also long-term financial health and sustainability of the business.
Some of the features of this book are:
It is written in a simple and lucid language that is easy to understand and follow.
It covers both the theoretical and practical aspects of engineering economics with relevant examples and illustrations.
It provides a comprehensive coverage of the topics prescribed by the MAKAUT (Maulana Abul Kalam Azad University of Technology) syllabus.
It includes learning objectives, key words, review questions, and numerical problems at the end of each chapter to reinforce the concepts and test the understanding of the students.
It contains an appendix that explains the various conversion factors and formulas used in engineering economics along with some tables for quick reference.
It is updated and revised according to the latest developments and trends in the field of engineering economics.
Contents and structure of the book
The book consists of 16 chapters that are organized into four parts as follows:
1. Introduction to Engineering Economics2. Accounting Concepts and Methods
Time Value of Money and Investment Criteria
3. Time Value of Money4. Present Worth Analysis5. Future Worth Analysis6. Annual Worth Analysis7. Rate of Return Analysis8. Benefit-Cost Analysis
Economic Analysis of Alternatives
9. Break-Even Analysis10. Sensitivity Analysis11. Risk and Uncertainty Analysis12. Replacement Analysis13. Depreciation and Taxes
Economic Aspects of Engineering Projects
14. Inflation and Deflation15. Optimization Techniques16. Decision Making Under Multiple Criteria
The book also has a preface, a list of abbreviations, an appendix on conversion factors and formulas, a bibliography, and an index.
Why should you read Economics for Engineers HL Bhatia PDF Free?
You might be wondering why you should read this book and what benefits you can get from it. Here are some reasons why you should read Economics for Engineers HL Bhatia PDF Free:
Benefits and advantages of reading the book
You will learn the basic concepts and principles of engineering economics that are essential for any engineer.
You will be able to apply engineering economics to various engineering problems and situations.
You will be able to evaluate and compare different engineering alternatives based on their economic feasibility and viability.
You will be able to make rational and optimal decisions that maximize the value and efficiency of your engineering projects, products, systems, or services.
You will be able to improve your professional skills and career prospects as an engineer.
You will be able to save money by getting the book for free instead of buying it.
You will be able to access the book anytime and anywhere on your device without carrying a heavy physical copy.
You will be able to enjoy reading the book in a creative mode with engaging content and visuals.
Testimonials and reviews of the book
Don't just take our word for it. Here are some testimonials and reviews of the book from real users and readers:
"This book is very useful and helpful for engineering students. It covers all the topics of engineering economics in a simple and clear way. It has many examples and exercises that make the learning process easy and fun. I recommend this book to anyone who wants to learn engineering economics."
- Ravi, a mechanical engineering student
"I have been using this book as a reference for my engineering projects and assignments. It has helped me a lot in understanding the economic and financial aspects of engineering. It has also helped me in making better decisions and improving my performance and profitability as an engineer. This book is a must-read for every engineer."
- Priya, a civil engineer
"This book is one of the best books on engineering economics I have ever read. It is comprehensive, analytical, and practical. It explains the concepts and methods of engineering economics in a logical and coherent manner. It also provides relevant and updated information and data on various engineering topics. I highly recommend this book to anyone who is interested in engineering economics."
- Rajesh, a professor of engineering economics
How can you get Economics for Engineers HL Bhatia PDF Free?
By now, you might be convinced that Economics for Engineers HL Bhatia PDF Free is a great book to read and you might be eager to get your hands on it. But how can you get it for free? Is it legal and ethical to do so? Let's find out.
Sources and methods of downloading the book for free
There are several sources and methods of downloading the book for free on the internet. Some of them are:
Google Books: This is a service by Google that allows you to search, preview, and read books online. You can find Economics for Engineers (for MAKAUT) 3rd Edition on Google Books by typing the title or the ISBN number (9789325980693) in the search box. You can then view some pages of the book for free or buy the full version if you want.
Internet Archive: This is a non-profit digital library that offers free access to millions of books, movies, music, software, etc. You can find Public Finance by HL Bhatia on Internet Archive by following this link: https://archive.org/details/in.ernet.dli.2015.460626. You can then download the book in various formats such as PDF, EPUB, Kindle, etc.
Thebookee.net: This is a website that provides free PDF ebooks on various topics. You can find Economics for Engineers HL Bhatia PDF Free on Thebookee.net by following this link: https://thebookee.net/ec/economics-for-engineers-hl-bhatia-pdf. You can then download the book by clicking on the download button.
Legal and ethical issues of downloading the book for free
While downloading the book for free might seem tempting and convenient, you should also be aware of the legal and ethical issues involved in doing so. Some of them are:
Copyright infringement: This is the violation of the exclusive rights of the author or publisher of the book to reproduce, distribute, or display their work. Downloading the book for free without their permission or consent might constitute copyright infringement and expose you to legal consequences such as fines, penalties, or lawsuits.
Piracy: This is the unauthorized copying, distribution, or sale of copyrighted works such as books, movies, music, software, etc. Downloading the book for free from illegal or unauthorized sources might constitute piracy and harm the interests and revenues of the author or publisher of the book.
Plagiarism: This is the act of using someone else's work or ideas without giving proper credit or acknowledgment. Downloading the book for free and using it as your own work or source without citing or referencing it might constitute plagiarism and damage your academic or professional reputation and integrity.
Moral obligation: This is the duty or responsibility to do what is right or good according to ethical principles or values. Downloading the book for free might violate your moral obligation to respect and support the author or publisher of the book who have invested their time, effort, and money in creating and publishing their work.
Therefore, before you decide to download the book for free, you should consider the legal and ethical implications of your action and weigh the pros and cons of doing so. You should also respect the intellectual property rights of the author or publisher of the book and acknowledge their contribution to the field of engineering economics.
In this article, we have provided you with a comprehensive guide on Economics for Engineers HL Bhatia PDF Free. We have explained what economics for engineers is, who HL Bhatia is, what his book is about, why you should read it, and how you can get it for free. We have also discussed the legal and ethical issues of downloading the book for free. We hope that this article has been informative and helpful for you and that you have learned something new and useful from it. If you are interested in reading Economics for Engineers HL Bhatia PDF Free, you can choose one of the sources and methods we have mentioned above or you can buy the book from a legitimate and authorized seller. Either way, we hope that you will enjoy reading the book and that it will enhance your knowledge and skills in engineering economics.
Here are some frequently asked questions and answers about Economics for Engineers HL Bhatia PDF Free:
Q: Is Economics for Engineers HL Bhatia PDF Free available on Amazon?A: No, Economics for Engineers HL Bhatia PDF Free is not available on Amazon. However, you can buy the paperback or hardcover version of the book from Amazon or other online or offline sellers.
Q: Is Economics for Engineers HL Bhatia PDF Free suitable for beginners?A: Yes, Economics for Engineers HL Bhatia PDF Free is suitable for beginners as well as advanced learners of engineering economics. The book covers the basic concepts and principles of engineering economics as well as their applications to various engineering problems and situations. The book also provides many examples and exercises to help the students understand and practice the concepts and methods of engineering economics.
Q: Is Economics for Engineers HL Bhatia PDF Free updated and revised?A: Yes, Economics for Engineers HL Bhatia PDF Free is updated and revised according to the latest developments and trends in the field of engineering economics. The book reflects the current economic scenario and data in India and abroad. The book also incorporates the feedback and suggestions from the students and teachers who have used the previous editions of the book.
Q: Is Economics for Engineers HL Bhatia PDF Free compatible with any device?A: Yes, Economics for Engineers HL Bhatia PDF Free is compatible with any device that can read PDF files such as laptops, tablets, smartphones, etc. However, you should make sure that your device has enough storage space and battery life to download and read the book without any interruption or inconvenience.
Q: Is Economics for Engineers HL Bhatia PDF Free worth reading?A: Yes, Economics for Engineers HL Bhatia PDF Free is worth reading if you are an engineering student or a professional engineer who wants to learn more about the economic and financial aspects of your field. The book will help you to analyze, evaluate, compare, and select different engineering alternatives based on their costs and benefits. The book will also help you to improve your professional skills and career prospects as an engineer.