Is it possible to make an RLC meter for less than two pounds? In this article the authors answer this question with a resounding yes in the form of a simple and compact circuit that will enable you to make RLC measurements rapidly, accurately, and, above all, cheaply.
http://icom.hsr.ch/fileadmin/user_upload/icom.hsr.ch/publikationen/RLC_Meter_EN.pdf
http://icom.hsr.ch/fileadmin/user_upload/icom.hsr.ch/publikationen/RLC_Meter_EN.pdf