1. Discuss how differences in discount rates or in ability across workers lead to differences in earnings and schooling. Under what conditions can the rate of return to schooling be estimated?

2. Discuss the relationship between ability bias in the estimation of the rate of return to schooling and selection bias in tests of the hypothesis that workers choose the level of schooling that maximizes the present value of earnings.

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1.Explain what engineering management is. What skills do engineering managers need to be effective in the new millennium? 2.Describe each of the three strategic planning methods discussed in ithe textbook. What are the purposes and advantages of each? 3.Why is product life cycle analysis so important? Describe the four stages of a product’s life cycle an d identify some of the tools used for operational planning. 4.Explain the differences between functional, discipline-based, product, region-based, matrix, team, and network organization. 5.Why is planning a major function for engineering management? 6.Explain what cross-functional teams are. What are the advantages of using cross-functional teams for an organization? 7.Discuss the concept of delegating and it benefits to an organization. 8.Explain why technology forecasting is critical for organizations in the New Millenium. 9.Explain why engineering managers need to learn how to effectively resolve conflicts. Elaborate on some key conflict resolution techniques that engineering managers could use in the workplace. 10.Why is organizing a critical function for engineering management?

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1.Explain Thyristor controlled series capacitor. 2. Analyse TCSC with MATLAB SIMULINK and observe waveforms of TcSC

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1.Explain the major trends that have occurred in recent years with respect to the globalisation of industries and markets and critically evaluate the key drivers. 2.Distinguish between different forms of multinational enterprise, organisational structures, global mission, objectives and strategy and assess their strengths and weaknesses. 3.Analyse major sources of global competitive advantage. 4.Explain and synthesise the role and function of specific global business operations. 5.Critically evaluate the major competitive strategies adopted by global enterprises and integrate the various business functions within the formulation and operation of global strategic plans How will this module be delivered? Learning will be facilitated through a combination of didactic teaching and activities undertaken by module participants to reinforce and consolidate the key issues raised in the didactic sessions. Activities will include the examination of case studies and articles, the scrutiny of research findings produced by module participants, presentations by module participants, and the analysis of contemporary firm behaviour using newspapers and journals. In addition, small groups of participants will be expected to produce a critique of a relevant research based academic article for discussion amongst the rest of the class.

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1. Examine the hypothesis that there is an identifiable set of “architectural” concerns in a domain familiar to you. What issues in the domain are unlikely to be reducible to normative rules or rational synthesis?

2. Trace the progression of behavioral modeling throughout the development cycle of a system familiar to you.

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