British Columbia Institute of

Important Notice: COVID-19 Institute response


TSYH 4721 - Engineering Economics Part 2: Introduction to Engineering Economics

Transystems Part-time Studies Course

School of Construction and the Environment

BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for details.

Course Details

Applies the principles learned in TSYH 4720 to problems in comparison of alternatives; viability of investment and rate of return; the study of depreciation for the purpose of assessing lease/purchase alternatives and equipment replacement.





Fall 2021

Below is one offering of this course for the Fall 2021 term.

CRN 30961

Start any time

This is a distance learning course. Start any time. You have 52 weeks from the date you register to complete this course.



Course Outline

TBD – see Learning Outcomes in the interim




  1. Correspondence format.
  2. Please note that the above price is for tuition only; textbooks (if required) are additional. Course materials are available in the Learning Hub: Textbooks are not shipped automatically, please order them from the BCIT Bookstore: Civil Technology PTS Department:
  3. Important course information will be sent to you immediately after registering. Check your myBCIT email account to access this information.

Learning Outcomes

Upon successful completion, the student will be able to:

Module 6 - Introduction to Evaluation Techniques

  • Determine the Payback Period, simple Rate of Return, Net Present Value, Benefit Cost Ratio, and Internal Rate of Return from descriptions of before tax cash flow schemes.
  • Identify the advantages and disadvantages of the commonly used techniques of evaluation.

Module 7 - Evaluation of Proposals with Differing Lifetimes

  • Evaluate proposals with differing lifetimes using the method of Lowest Common Multiple of Lifetimes.
  • Evaluate proposals with differing lifetimes using the method of Capitalized Costs.
  • Evaluate proposals with differing lifetimes using the method of Equivalent Uniform Annual Worth.

Module 8 - Cash Flows after Taxes

  • Determine Capital Cost Allowances using the Straight Line and Constant Rate methods.
  • Prepare cash flows after taxes (CFAT) schedules from text descriptions.
  • Perform NPV evaluations incorporating income taxes for single item accounting and grouped assets accounting.

Module 9 - Replacement Evaluation

  • Evaluate replacement of asset proposals in the before tax situation.
  • Determine EUAC for assets belonging to a grouped CCA class in the after tax situation.
  • Determine the optimal placement policy for new assets in the after tax situation.
  • Evaluate replacement of existing asset.

Effective as of Fall 2003

Related Programs

TSYH 4721 is offered as a part of the following programs:

School of Construction and the Environment

  1. Civil Technology
    Part-time   Certificate
  2. Public Works Supervision
    Part-time   Associate Certificate

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