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MME 360. Engineering Economics

Credits: 2
Department: Mechanical & Manufacturing Engineering
Description: Analysis of cost for manufacturing operations, tool-engineering economics, cost estimating, and cost accounting. Economic selection of equipment, economic lot sizes. Evaluating production economics and investment alternatives. Principles of Engineering Economics, effects of capital projects.
Prerequisites: ECON 205 or ECON 206
Semester Offered:
  • Fall
  • Spring
Grading Method: ABCDF

Student Learning Outcomes

1. Calculate economic equivalence using interest formulas, tables, and spreadsheets.
2. Apply economic analysis in decision-making.
3. Apply the fundamental concepts of cost estimating.
4. Calculate and compare costs and benefits for an engineering project.
5. Explain engineering issues and their economic impact.

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