ECON 310 Engineering Economy
The Econ 310 Engineering Economy course mainly focuses on economic and price analysis of engineering comes, giving insights on the way techniques and strategies used on economic practicability studies concerning style and implementation of engineering comes. The essential purpose of this course is to supply a sound understanding of ideas and principles of the engineering economy and to develop proficiency with strategies for creating rational choices relating to issues doubtless to be encountered in skilled follow.
1. Introduction to Engineering Economy, the value of cash, income diagrams, Interest and charge per unit, distinct combination and payment.
2. Interest formulae for distinct combination and distinct payments- Gradient series factors, Nominal & Effective interest.
3. Economic equivalence, strategies of comparison of alternatives.
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