MFGE 35003 - Engineering Economics

Credit Hours: 3
Contact Hours: 3 Lecture
Offered: Spring

Economic theory using mathematical modeling with a focus on economic decision making for engineers. Microeconomics topics will include supply and demand market analysis, and profitability. Macroeconomics topics will include the aggregate market, economic indicators, fiscal policy, and monetary policy. The course will include the application of different economic analysis methods utilized in evaluating the viability of a project and its alternatives, concepts of replacement decisions, capital-budgeting decisions, and project risk and uncertainty.

Prerequisite: ECON 22003 - Principles Of Microeconomics