Engineering Economy
General
Prefix
EM
Course Number
632
Course Level
Graduate
Department/Unit(s)
College/School
College of Science and Engineering
Description
Introduction to engineering economy, interest formulas and equivalence, decision making among alternative manufacturing projects, accounting and depreciation as applied to industrial accounting, cost benefit analysis of engineering projects, effect of income taxes on engineering project analysis, estimating manufacturing cost elements, decisions under risk and uncertainty as applied to manufacturing.
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Describe engineering economy and its applications in making economic decisions.
Outcome
Explain the concept of time value of money and present worth.
Outcome
Explain internal rate of return and its application in making investment decisions.
Outcome
Solve problems related to depreciation and taxes while considering alternative capital project investment decisions.
Dependencies
Programs
EM632
is a
completion requirement
for: