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