CET 3120 - Engineering Economy

Credits: 3

Prerequisite(s): Junior Standing

Description: This course covers the application of economic principles to both engineering and personal economic decision-making. Students in this course are introduced to cash flow diagrams as well as the time value of money concepts of present worth, future worth, and annual worth. This course covers various economic analysis techniques for the comparison and selection of competing economic alternatives. Topics on the proper handling of inflation, depreciation, taxes, and risk are described.

General Studies: Social and Behavioral Sciences