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B313

This document provides information about an engineering economics course including: 1) The course code, title, credit hours, and faculty instructor information. 2) A brief course description covering concepts of time value of money, economic study methods, and decisions under certainty, risk, and uncertainty. 3) Program and course outcomes related to solving complex engineering problems and applying economic principles and methods. 4) An outline of 5 course modules covering topics like interest, equivalence, cash flows, economic study methods, decisions under certainty, risk, and uncertainty.

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Aldrin Villanueva
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281 views2 pages

B313

This document provides information about an engineering economics course including: 1) The course code, title, credit hours, and faculty instructor information. 2) A brief course description covering concepts of time value of money, economic study methods, and decisions under certainty, risk, and uncertainty. 3) Program and course outcomes related to solving complex engineering problems and applying economic principles and methods. 4) An outline of 5 course modules covering topics like interest, equivalence, cash flows, economic study methods, decisions under certainty, risk, and uncertainty.

Uploaded by

Aldrin Villanueva
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Course Code Credit Hours

Course Title Units


Lecture Laboratory
B313 Engineering Economics 3 0 3
Name of Faculty College/Department Academic Rank Email Address
studentsms42@yahoo.com
Renato A. Galvez CoET/EE/ECE Prof 1 (Ret.)
studentsms42@gmail.com

Course Description This module is designed primarily for independent study of the electrical
engineering students taking the course. It is also intended to supplement the
flexible learning being pushed by the Commission on Higher Education. It
covers the following topics: concepts of the time value of money and
equivalence; basic economy study methods; decisions under certainty;
decisions recognizing risk; and decisions admitting uncertainty.
Program Outcomes (e) ability to identify, formulate, and solve complex problems in electrical
engineering
(k) ability to apply techniques, skills, and modern engineering tools necessary
for electrical engineering practice
Course Outcomes After completing this course, the student must be able to:
1. Solve problems involving interest and the time value of money;
2. Evaluate project alternatives by applying engineering economic
principles and methods and select the most economically efficient one;
and
3. Deal with risk and uncertainty in project outcomes by applying the
basic economic decision making concepts.
Course Outline Module 1- Introduction
1.1 Definitions
1.2 Principles of Engineering Economics
1.3 Engineering Economics and the Design Process
1.4 Cost Concepts for Decision Making
1.5 Present Economic Studies
Module 2 - Money-Time Relationships and Equivalence
21. Interest and the Tine Value of Money
2.2 The Concept of Equivalence
2.3 Cash Flows
Module 3 - Economic Study Methods
3.1 The Minimum Attractive Rate of Return
3.2 Basic Economic Study Methods: Present worth, Future Worth, Annual
Worth, Internal Rate of Return, External Rate of Return
3.3 Other Methods: Discounted Payback Period, Benefit/Cost Ratio
Module 4 - Decisions Under Certainty
4.1 Evaluation of Mutually Exclusive Alternatives
4.2 Evaluation of Independent Projects
4.3 Effects of Inflation
4.4 Depreciation and After-Tax Economic Analysis
4.5 Replacement Studies
Module 5(a) - Decision Recognizing Risks
5.1 Expected Monetary Value of Alternatives
5.2 Discounted Decision Tree Analysis
Module 5(b) - Decisions Admitting Uncertainty
6.1 Sensitivity Analysis
6.2 Decision Analysis Models

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