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ISEN 667: Engineering Economy

Ended May 10, 2016

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Full course description


Instructor: Don Smith

Prerequisite: Acceptance into the ISEN CE program, to apply visit

The purpose of this course is to understand and apply the fundamental tools of engineering economy to engineering type projects involving investments and returns. Understanding of cash flow diagrams, derivations and application of the time value of money relationships and after-tax cash flow analysis. Additional topics include understanding of basic financial aspects of the enterprise and the proper use of interest rates in the analysis of future cash flows for single and multiple projects. Advanced topics relating to a detailed analysis of rate of return, mixed investments, and internal and external interest rates are covered. The course involves substantial spreadsheet analysis ​and applications.  Additional topics include:

  • Overview of history of engineering economy
  • Financial objectives and theories related to the for profit firm
  • Cost and cost estimation concepts
  • Derivation of time value of money relationships
  • Economic evaluation of a single and multiple projects
  • Detailed analysis of after-tax cash flows

Thi​​s course is offered as a continuing education course, students who successfully complete this course will earn continuing education units and a certificate of course completion.  No academic credit will be issued for completing this course.