ENGINEERING ECONOMIC (4 CREDITS)

Learning Outcomes:

On successful completion of this course, students will be able to: LO1 – identify Able to understand and work problem that account for the time value of money, cash flows occurring at different times with different amount, and equivalence at different interest rates; LO2 – evaluate able to evaluate most engineering project proposals using a well-accepted economic analysis technique, such as present worth, future worth, capitalized cost, life-cycle costing, annual worth, rate of; LO3 – analyze able to go beyond the basic alternative analysis tools that consideration the moving targets of change over time.

Topics:

1. Introduction to engineering economy;
2. How time and interest affect money;
3. Nominal and effective interest rates;
4. Present Worth Analysis;
5. Annual Worth Analysis;
6. Rate of Return Analysis: One project;
7. Breakeven analysis.