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    EGN-3613-Engineering Economy

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    tucchel
    This document provides information about the Engineering Economy course offered by the Department of Civil and Environmental Engineering at Florida International University. The course is a 3-credit hour class that introduces students to basic engineering economy principles like time value of money, equivalence, interest formulas, and economic analysis methods. It aims to help students develop competency in applying these fundamental concepts of engineering economics across various disciplines. Major topics covered include interest calculations, present worth analysis, rate of return analysis, depreciation, taxes, and sensitivity analysis. The prerequisite is none, and the primary textbook is Engineering Economic Analysis by Newnan, Eschenbach, and Lavelle.

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    EGN-3613-Engineering Economy

    Uploaded by

    tucchel
    9 views2 pages
    This document provides information about the Engineering Economy course offered by the Department of Civil and Environmental Engineering at Florida International University. The course is a 3-credit hour class that introduces students to basic engineering economy principles like time value of money, equivalence, interest formulas, and economic analysis methods. It aims to help students develop competency in applying these fundamental concepts of engineering economics across various disciplines. Major topics covered include interest calculations, present worth analysis, rate of return analysis, depreciation, taxes, and sensitivity analysis. The prerequisite is none, and the primary textbook is Engineering Economic Analysis by Newnan, Eschenbach, and Lavelle.

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    syllabus about engineering economy

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    This document provides information about the Engineering Economy course offered by the Department of Civil and Environmental Engineering at Florida International University. The course is a 3-credit hour class that introduces students to basic engineering economy principles like time value of money, equivalence, interest formulas, and economic analysis methods. It aims to help students develop competency in applying these fundamental concepts of engineering economics across various disciplines. Major topics covered include interest calculations, present worth analysis, rate of return analysis, depreciation, taxes, and sensitivity analysis. The prerequisite is none, and the primary textbook is Engineering Economic Analysis by Newnan, Eschenbach, and Lavelle.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    9 views2 pages

    EGN-3613-Engineering Economy

    Uploaded by

    tucchel
    This document provides information about the Engineering Economy course offered by the Department of Civil and Environmental Engineering at Florida International University. The course is a 3-credit hour class that introduces students to basic engineering economy principles like time value of money, equivalence, interest formulas, and economic analysis methods. It aims to help students develop competency in applying these fundamental concepts of engineering economics across various disciplines. Major topics covered include interest calculations, present worth analysis, rate of return analysis, depreciation, taxes, and sensitivity analysis. The prerequisite is none, and the primary textbook is Engineering Economic Analysis by Newnan, Eschenbach, and Lavelle.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Florida International University - College of Engineering – Department of Civil and Environmental Engineering – Miami

    EGN 3613
    Engineering Economy

    Catalog Description:
    Assist students to develop competency in the fundamentals of engineering economics for all
    engineering disciplines. The methods of economic analysis in general engineering applications
    include: decision analysis techniques, time value of money calculations, essential techniques in
    economic analysis of alternatives, depreciation, corporate income tax considerations, and criteria
    for decisions under various constraints.

    Course Objectives:
    This course introduces students to both the theory and practice of basic engineering economy
    principles. Emphasis is on the application of the techniques as well as the critical evaluation and
    interpretation of results. By the end of this course students will be able to:

    1. Understand the concepts of equivalence, time value of money, nominal, and effective rate
    of interest.
    2. Calculate present and future values of cash flows using single payment, uniform series
    and gradient transactions.
    3. Be able to make economic decisions such as replacement analysis by applying Present
    Worth, Annuity, Internal Rate of Return, Benefit-Cost Ratio and Payback Period analysis
    methods.
    4. Calculate depreciation using widely-used methods such as Straight Line, Sum of the
    Years, and Declining Balance depreciation methods.
    5. Evaluate depreciation and its impact on income taxes.
    6. Be familiar with before tax as well as after tax study methods used in engineering
    economics.
    7. Be able to evaluate loans and investments.
    8. Develop breakeven chart and perform the sensitivity analysis of alternatives.

    Major Topics:
    1. Introduction: Decision-Making Process & Cash Flow diagram, Interest & Equivalence
    2. Interest Formulas
    3. Economic Analysis of Alternatives: Present Worth Analysis
    3. Annual Cash Flow Analysis
    4. Rate of Return (ROR) Analysis
    5. Incremental Rate of Return Analysis
    6. Benefit/Cost Ratio Analysis & Payback Periods
    7. Accounting and Depreciation Calculation
    8. Depreciation & Tax Calculation
    9. Breakeven Analysis/Sensitivity Analysis

    Credit Hours:
    3.
    1
    Florida International University - College of Engineering – Department of Civil and Environmental Engineering – Miami

    Prerequisite:
    None

    Textbook:
    Engineering Economic Analysis, Edition 11th
    D. G. Newnan, T. G. Eschenbach, J. P. Lavelle: Oxford Publisher:
    ISBN# 978-0-19-977812-6

    Relationship of Course Objectives to Program Learning Outcomes:


    Objective 1 - Technical Proficiency: Our graduates will have ability to:

    3a. Apply knowledge of mathematics, science, and engineering to solve general engineering
    problems.

    Objective 3 – Responsible Citizenship: Our graduates will have an acceptable level of


    proficiency in:

    3h. The impact of engineering solution in a global, economic environmental, and societal context.

    Objective 5 – Ethical Behavior: Our graduates will have ability to:

    3f. Have an understanding of professional and ethical responsibility.

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