Role of engineers in business
Economic decisions v/s design decisions
Large scale engineering projects and types of strategic economic decisions
Fundamental principles of engineering economics
Interest: The Cost of Money
Economic Equivalence
Development of Formulas for Equivalence Calculation
Unconventional Equivalence Calculations
Nominal and Effective Interest Rates
Equivalence Calculations with Effective Interest Rates and with Continuous Payments
Changing Interest Rates
Debt Management
Investing in Financial Assets
Investing in Financial Assets
Project Cash Flows
Initial Project Screening Methods: payback Screening and Discounted Cash Flow Analysis
Variations of Present-Worth Analysis
Comparing Mutually Exclusive Alternatives
Annual Equivalent-Worth Criterion
Capital Costs versus Operating Costs
Applying Annual-Worth Analysis
Life-Cycle Cost Analysis
Design Economics
Rate of Return and Methods of Finding It
Internal Rate-of-Return Criterion
Mutually Exclusive Alternatives
General Cost Terms; Classifying Costs for Financial Statements
Cost Classifications for Predicting Cost Behavior
Future Costs for Business Decisions
Estimating Profit from Production
Asset Depreciation: Economic versus Accounting
Book and Tax Depreciation Methods (MACRS)
Depletion
Income Tax Rate to be used in Economic Analysis
The Need for cash Flow in Engineering Economic Analysis
Cost-Benefit Estimation for Engineering Projects
Developing Cash Flow Statements
Origins of Project Risk
Methods of Describing Project Risk: Sensitivity, Break-Even and Scenario Analysis
Replacement Decisions
Capital Budgeting Decisions
Economic Analysis in the Service Sector
Lectures (audio/video aids), Written Assignments/ Quizzes, Tutorials, Case Studies relevant to engineering disciplines, Semester Project, Guest Speaker, Industrial/ Field Visits, Group discussion, Report Writing
Mid Term, Report writing/ Presentation, Assignments, Project Report, Quizzes, Final Term
Contemporary Engineering Economics by Chan S. Park, latest edition, Pearson, ISBN: 9780134105598
Engineering Economic Analysis by Donald G. Newnan, Jerome P. Lavelle,Ted G. Eschenbach, latest edition, Oxford University Press, ISBN: 978-0199339273
Engineering Economy by Leland T. Blank and Anthony Tarquin, latest edition
There are 133 total credit hours to complete the Software Engineering degree.