This document outlines the learning objectives, teaching methods, and time allotted for an engineering economy course. The course aims to teach students how to solve economic problems by deriving formulas, interpret cash flow diagrams, and identify applicable formulas. It also aims to teach students to evaluate project alternatives by assessing engineering economic principles and selecting the most efficient option. Finally, the course teaches students to apply basic economic decision making concepts to deal with risk and uncertainty in project outcomes. The total time allotted for the course is 12 hours.
This document outlines the learning objectives, teaching methods, and time allotted for an engineering economy course. The course aims to teach students how to solve economic problems by deriving formulas, interpret cash flow diagrams, and identify applicable formulas. It also aims to teach students to evaluate project alternatives by assessing engineering economic principles and selecting the most efficient option. Finally, the course teaches students to apply basic economic decision making concepts to deal with risk and uncertainty in project outcomes. The total time allotted for the course is 12 hours.
This document outlines the learning objectives, teaching methods, and time allotted for an engineering economy course. The course aims to teach students how to solve economic problems by deriving formulas, interpret cash flow diagrams, and identify applicable formulas. It also aims to teach students to evaluate project alternatives by assessing engineering economic principles and selecting the most efficient option. Finally, the course teaches students to apply basic economic decision making concepts to deal with risk and uncertainty in project outcomes. The total time allotted for the course is 12 hours.
Allotted I. Solving Lecture How to Interpret the cash Identify 6 Problems derive flow diagram to formulas formulas understand the that can to solve problem. be used to the solve the problems. problem correctly. II. Evaluate Lecture Assess the 4 project engineering alternatives economic principles and methods and select the most economically efficient one III. Deal with Lecture Apply the 2 risk and basic uncertainty in economic project decision outcomes making concepts TOTAL 48