ENGR-304: Engineering Economics

Subject
Credits 2.0
Academic Level
Undergraduate

This course introduces fundamental economic concepts and their application to engineering decision-making. Topics include fixed and variable costs, time value of money, comparison of alternatives, depreciation and income tax, and economic analysis of projects in both public and private sectors. Students will explore break-even analysis, uncertainty and risk analysis, and decision models, equipping them with the tools needed to evaluate and optimize engineering projects from an economic perspective. Pre-requisite: MATH 150 Calculus I