EGR-230 Engineering Economy

An introduction to financial aspects of the engineering profession, prioritization of resource allocation, etc. Emphasis is placed on the systematic evaluation of costs and benefits associated with proposed technical projects. The students will be exposed to concepts of "time value of money" and methods of discounted cash flow. Students are prepared to make ethical decisions regarding money as capital within a technological or engineering environment. Prerequisite: Satisfactory completion of the mathematics preparatory requirement.

Credits

2