CEE 3230/ENGRG 3230 Engineering Economics and Management
Lecture: MW 10:10am-11:00am Olin 165
Section: F 10:10am-11:00am, Olin 165
Spring, summer. 3 credits.
Prerequisite or corequisite: introduction to probability and statistics course such as CEE 3040, ENGRD 2700, ILRST 2100, BTRY 3010, or AEM 2100.
Enrollment limited to: juniors and seniors. Sometimes offered in summer through the Engineering Cooperative Program
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.