The main objective of this half-unit is to provide engineering students with a practical insight of the principles of engineering economics. It deals with the analysis of the financial effects of engineering decisions by estimating and comparing the cost and concept of time value of money, the projection of future cash flows of revenues and expenses, computations of rates of return, the selection of appropriate investment assessment methods such as present value, internal rate of return, and economic value added, the treatment of various cash flows, depreciation and taxes, direct and indirect costs, the analysis and management of risk, the analysis of financial statements and financing... -- Course Website
