School of Engineering and Science
Undergraduate

Term: Fall 2025
Session: Full Term (Aug 25 - Dec 12)
Start Date: Monday, Aug 25, 2025
End Date: Friday, Dec 12, 2025
Availability: On Campus
Day(s): Mon./Wed.
Time: 09:00 AM to 10:15 AM

This course will provide engineers with the tools necessary to economically evaluate their decisions and designs. These tools and techniques use basic economic concepts enabling effective communication between engineers and the business world regarding recommended courses of action. The course will stress evaluation using dollars and cents as opposed to tolerances and engineering specifications. Included will be the principles of engineering economics (the time value of money interest cash flow diagrams and economic equivalences) general introduction to decision making (identifying the problem generating alternative solutions and estimating measures of effectiveness for each alternative) single project decision-making (analysis of cash flows to decide to accept or reject an alternative solution) multiple project decision-making (analysis of alternatives with different service lives and different measures of effectiveness) and post selection analysis (analysis for the purpose of improving future project decision-making).Prerequisites: CSCM1030 (COSK2220) or CSHR1030 (COSK2225) and 45 Credits3 Credits