IEGR 350 - Engineering Economy

3 credits
3 lecture hours.

Introduces economic analysis from an engineering and personal finance perspective involving cost concepts (i.e., total revenue, optimal demand, and maximum profit); the time value of money concept with equivalence involving present, future, and uniform series cash flows; evaluation of single and mutually exclusive alternative projects/products utilizing present worth, future worth, annual worth, internal rate of return, and payback methods; and depreciation and income tax analyses.

Prerequisite(s) IEGR 204 and MATH 241 completed with grades of “C” or higher
Offered (FALL/SPRING)