Engineering Economy
Credits: 2
Course Number: 10-623-167
Course Description
10-623-167 ENGINEERING ECONOMY ...using source and application of funds; cost control, valuation, depreciation, replacement theory and taxation to analyze and assist in making management decisions. (Prerequisites: 10-804-197, College Algebra & Trig w Apps OR 10-804-195, College Algebra w/Apps AND 10-804-196, Trigonometry w/ Apps; proficiency with advanced functions of Excel strongly recommended)
Course Typically Offered
Most NWTC classes are offered in 8-week sessions. Learn more about how our class schedule can help you succeed.
What will I learn?
- Explore Engineering Economy Foundations.
- Examine How Time and Interest Affect Money
- Capture Nominal and Effective Interest Rates
- Explore Present and Annual Worth Analysis
- Explore Rate of Return Analysis
- Characterize Benefit/ Cost Analysis and Public Sector Projects
- Characterize Breakeven, Sensitivity, and Payback Analysis
- Evaluate Replacement and Retention Decisions
- Analyze Effects of Inflation
- Explain Estimating Costs
- Estimate Depreciation Methods
- Interpret After- Tax Economic Analysis
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