This course is meant to provide the practicing engineer with the financial knowledge and skills required for the economic analysis of business situations; more specifically the costs and benefits of alternative solutions to technical problems. This course covers the syllabus material for the CCPE Engineering Economics exam.
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Upon successful completion of the course, the student will be able to:
Interpret and perform basic analysis of financial statements.
Analyze and apply the various cost classifications used in economic analysis.
Perform time value of money calculations including loan amortization, effective interest rate calculations and the valuation of stocks and bonds.
Perform capital budgeting analyses using present value, future value, equivalent annual worth and rate of return approaches.
Incorporate depreciation (CCA), income taxes and inflation into the capital budgeting analyses.
Perform capital budgeting analyses in special cases such as replacements and public projects.
Incorporate uncertainty into capital budgeting analyses by such means as sensitivity, break-even and risk analysis.
Effective as of Winter 2015
FMGT 8295 is offered as a part of the following programs:
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