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ECN 801
Principles of Engineering Economics
Engineering economics is concerned with the problem of investment decision making or capital expenditure analysis. An "investment" problem involves making a decision to allocate financial resources to acquire productive assets that will generate cash flows in future time periods. Engineering economics seeks to develop and apply a logically consistent methodology for evaluating investment projects. Discounted cash flow methods are used in analyzing such projects. In this course we will assume certain cash flows and ignore taxation implications. After developing the mathematics of cash flow equivalence, absolute and relative measures of project worth will be developed and applied to individual and multiple projects. The emphasis will be on private project decisions, but similar methods will be applied to public sector projects.
Weekly Contact: Lecture: 3 hrs.
GPA Weight: 1.00
Course Count: 1.00
Billing Units: 1
Prerequisites
None
Co-Requisites
None
Antirequisites
None
Custom Requisites
Available only to Bachelor of Engineering students
Mentioned in the Following Calendar Pages
*List may not include courses that are on a common table shared between programs.
- AER 606 - Component Design and Material Selection
- AER 621 - Aerospace Structural Design
- AER 818 - Manufacturing Management
- Aerospace Engineering
- Biomedical Engineering
- CHE 413 - Chemical Engineering Equipment Design
- CVL 609 - Civil Engineering Systems
- CVL 742 - Project Management
- Chemical Engineering Co-Operative Program
- Civil Engineering
- Computer Engineering
- EIE 301 - Practicum I: New Venture Identification
- EIE 401 - Practicum II: Market and Tech Development
- EIE 501 - Practicum III: Bus Dev and Mkt Readiness
- EMS 303 - Managerial Accounting
- Electrical Engineering
- IND 303 - Work Measurement, Analysis and Design
- IND 400 - Facilities Design
- IND 508 - Operations Research I
- IND 712 - Industrial Ergonomics
- IND 713 - Project Management
- IND 810 - Flexible Manufacturing Systems
- IND 833 - Financial Engineering
- Industrial Engineering
- MEC 616 - Fluid Mechanics II
- MEC 713 - Project Management
- MEC 722 - Thermal Systems Design
- MEC 723 - Mechanical Systems Design
- MEC 734 - Design for Manufacturing
- MEC 813 - Flexible Manufacturing Systems
- MEC 816 - Topics in Manufacturing Engineering
- MEC 830 - Mechatronics Systems Design
- Mechanical Engineering
- Mechatronics Engineering
- Minor in Economics
- Optional Specialization in Engineering Innovation and Entrepreneurship
- Optional Specialization in Management Sciences
- Undeclared Engineering (First Year Studies Only)