This Engineering Economics and Cost Analysis course introduces the essential financial and economic principles used in engineering decision-making and industrial project evaluation. The course is designed for engineering students and professionals who want to understand how economic factors influence engineering design and project planning.
Students will explore key topics such as depreciation methods and their role in taxation, capital expenses, capital cost estimation, equipment costing, and the time value of money. These concepts are critical for evaluating the financial feasibility of engineering projects and making informed investment decisions.
The course explains how engineers analyze costs over time, estimate project budgets, and assess the economic performance of equipment and industrial systems. Through practical examples, learners will understand how financial analysis is applied in industries such as manufacturing, construction, energy, and process engineering.
By the end of the course, students will be able to evaluate project costs, apply economic principles to engineering problems, and
