ENG 384: Engineering Law and Managerial Economics (2, 0, 0) 2 Units
Law for Engineering Practice: Source of Law; Legislation, case-law and custom. Distinction between criminal and civil law, organization of the courts, doctrine and binding precedent.
Formation of contract, contractual capacity, misrepresentation, discharge and remedies, agency sale of goods; conditions and warranties, transfer of property title, risk breaches of contract wrongfully injury to third party, apportionment of damages between employer and employee. Industrial accidents; duties of employer to employees and others on industrial premises, as imposed by case-law acts e.g. Mines and quarries, Factories, Office, shops and railway premises (of Nigeria) extent of action arising from such acts. Labour Organization law in Nigeria-Union Membership, closed shop agency shops, sole bargaining agencies.
Contract Procedure: Parties to a contract and their function: contract documents and their purpose: General conditions of contracts specifications, drawing up bills of quantities, forms of tenders; acceptance of tender. Types of contract: fixed-price, cost-plus, semi-contracts. Financial arrangements, board relations, money measurement for interim certificate.
Managerial Economics: Managerial theories of firm behaviour, price competition in various market structure, non-price competitions and quality optimization. Efficiency and performance evaluation. Demand estimating and forecasting.
Managerial Accounting and Control: Financial goals and objectives. Analysis of cost behaviour standards for manufacturing and non-manufacturing costs. Absorption versus marginal costing. Control of non-manufacturing. Appropriate accounting and control systems for small, medium and large companies including consideration of centralize versus decentralized financial controls transfer, pricing etc. Control over capital projects, integrating project financial analysis with corporate strategy.
COURSE WORK, TECHNICAL DISCUSSION/PRESENTATION AND TERM PAPER