The course is designed to educate the students about the principles of economics when applied to engineering field. Topics include basic concepts of engineering economics, economic equivalence, time value of money. In this course, students will learn how to formulate single cash-flow, equal payment series, and gradient series. Nominal and effective interest rates, debt management. The students will perform analysis on engineering economic projects and will evaluate different alternatives using traditional engineering economic analysis techniques. Students will learn the concepts of depreciation, income taxes and will prepare simple financial statement while performing the project cash flow analysis.
Course ID: ENG 412
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