SEN 305 - Engineering Economy

Course Objectives

This course is designed to teach the basic principles of engineering
economics and the techniques and practices utilized in the area of capital
investment analysis to evaluate proposed solutions to engineering
problems in a decision-making context.

Course Description

This course covers the basics of economic analysis from an engineering perspective. Becausecost is such an important component in decision-making, various techniques for comparingalternatives on an economic basis are presented. Other topics include depreciation, inflation
considerations, and cost estimating. After completing the course, the student should be able toidentify which alternative should be selected from two or more mutually exclusive alternativeson the basis of economic considerations.