course
GE 403 — Engineering Economy
Course Description
A two-credit course on systematic economic analysis for engineering decisions, cost concepts, the time value of money, investment evaluation, and comparison of alternatives. It also covers depreciation, replacement, and the economic analysis of public projects.
Learning Outcomes
- Prepare economic justifications for engineering proposals and evaluate others’ analyses.
- Apply time-value-of-money concepts and analyze cash flows.
- Compare alternatives using economic measures of worth.
- Determine depreciation and evaluate replacement decisions.
- Understand cost terminology and analyze public projects.
Main Topics
Simple and compound interest, economic equivalence, present/future/annual worth, payback, rates of return, depreciation, replacement analysis, public projects, and life-cycle cost.
The original course syllabus is attached below.
course attachements