GE 403 Engineering Economy

At various universities, this course is referred to as Engineering Economy (as in King Saud University), Engineering Economic Analysis, Economic Decision Making, Economic Analysis, and Economic Decision Analysis, among others. This course describes in depth numerous topics in Engineering Economy that could help in conducting a Systematic Economic Analysis Technique (SEAT) by means of the following seven-step procedure:

• Identify the investment alternatives
• Define the planning horizon
• Specify the discount rate
• Estimate the cash flows
• Compare the alternatives
• Perform supplementary analyses
• Select the preferred alternative

The material to be covered is frequently cited by alumni as the topic they want to see given greater emphasis. It should be noted that the subject will be approached from a cash flow perspective, i.e., the concern will be with monies spent and received (saved).