Time Value of Money: This module focuses on understanding the value of money over time, introducing

concepts like interest rates, present worth, future worth, and the equivalence principle.

Cost Estimation and Analysis: This module teaches methods for estimating and analyzing project costs,
including initial investment, operating costs, maintenance costs, and salvage value.

Cash Flow Analysis: This module examines techniques for evaluating cash flows associated with
engineering projects, such as net present value (NPV), internal rate of return (IRR), payback period, and
benefit-cost ratio.

Depreciation and Taxation: This module covers concepts related to depreciation methods, tax
implications, and after-tax analysis, essential for assessing the financial performance of engineering
projects accurately.

Risk and Uncertainty Analysis: This module discusses techniques for incorporating risk and uncertainty
into economic evaluations, including sensitivity analysis, scenario analysis, and probabilistic modeling.

Capital Budgeting: This module focuses on methods for selecting and prioritizing engineering projects
based on their financial attractiveness and alignment with organizational goals and constraints.

Economic Decision-Making: This module explores decision criteria and frameworks for making rational
economic decisions in engineering projects, considering factors such as opportunity costs, externalities,
and ethical considerations.