SELP 677 Engineering Economics and Finance

3 semester hours

The course will cover the financial and economic analysis essential for engineering business. Topics include: time value of money relationships, nominal and effective interest rates, present worth method, annual worth method, rate of return and incremental analysis, depreciation and income taxes, replacement analysis and benefit/cost analysis, cost estimating, and consideration of taxes and inflation. The basics of financial analysis and financial statements will be reviewed. Case studies will be used to apply the engineering economics principles.