EGRM 6617 - Engineering Economics and Cost Estimating

This course introduces engineering students to the fundamental concepts, methods, and tools of economic analysis and managerial decision-making from a cash flow perspective. Emphasis will be on the time value of money, present worth analysis, annual equivalent worth, rate of return, depreciation, and inflation analyses; evaluation of projects, and comparison and selection among alternatives will also be covered. General accounting principles and basic financial analysis will also be introduced. 3 credits.