2018-2019 Catalog 
    
    Oct 27, 2021  
2018-2019 Catalog [ARCHIVED CATALOG]

ENGR 2308 - Engineering Economics


3 Credits (3 hrs. lec.) Methods used for determining the comparative financial desirability of engineering alternatives. Provides the student with the basic tools required to analyze engineering alternatives in terms of their worth and cost, an essential element of engineering practice. The student is introduced to the concept of the time value of money and the methodology of basic engineering economy techniques. The course will address some aspects of sustainability and will provide the student with the background to enable them to pass the Engineering Economy portion of the Fundamentals of Engineering exam. (1499995110) Prerequisite: MATH 2413  
Course Outcomes
1 - Apply different methods to calculate the time value of money.
2 - Construct cash flow diagrams for a given problem.
3 - Estimate total revenue, total cost, and break even points.
4 - Calculate the uniform series payment, given principal, interest rate, and pay period.
5 - Perform project evaluation, including cost/benefit analysis.
6 - Articulate principles of taxation and depreciation.
7 - Perform capital budgeting, cost comparisons, and replacement analyses.
8 - Solve problems at a level consistent with expectations of the engineering economics portion of the Fundamentals of Engineering exam.