CEE 3230 - Engineering Economics and Management

(crosslisted) ENGRG 3230

Spring. 3 credits. Letter grades only.

Prerequisite or corequisite: CEE 3040 or ENGRD 2700 or ILRST 2100 or BTRY 3010 or AEM 2100 or equivalent. Enrollment limited to: juniors and seniors.

F. Vanek.

Introduction to engineering and business economics investment alternatives and to project management. Intended to give students a working knowledge of money management and how to make economic comparisons of alternatives involving future benefits and cost. The impact of inflation, taxation, depreciation, financial planning, economic optimization, project scheduling, and legal and regulatory issues are introduced and applied to economic investment and planning and project-management problems.

Outcome 1: Gain a working knowledge of money management and how to make economic comparisons of alternative engineering designs or projects.

Outcome 2: Understand the impact of inflation, taxation, depreciation. Financial planning, economic basis for replacement, project scheduling, and legal and regulatory issues are introduced and applied to economic investment and project-management problems.

Outcome 3: Appreciation of ethical and other non-economic issues related to professional and personal financial and economic decisions.