MIE358H1

Engineering Economics

This course provides students with knowledge and skills for understanding, analyzing, and solving decision making problems which involve economic concepts. These problems deal with deciding among alternatives in engineering projects with respect to costs and benefits over time. The overarching goal of the course is preparing engineers with the skills and knowledge for analyzing economic decisions quantitatively and making suitable decisions by acknowledging and incorporating the ramifications of factors like interest, depreciation, taxes, inflation, and risk in engineering projects.