lecture 1
lecture 1
LECTURE 1
INTRODUCTION
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Course Aim
By the end of the course the students will be able to:
1- identify, formulate, and solve engineering problem
2- Provide students with economical methods to compare
and evaluate alternatives based on present, annual, rate of
return, and benefit over cost analysis.
3. Equipping students with the knowledge and concepts of
preparing feasibility studies and managing research
projects. ‘
Course Contents
Week Content
Week1 Introduction
Economic decision process in the design and implementation of a real
Week 2
engineering project
Week 3 Investment choice
Week 4 General accounting principles
Week 5 Midterm Exam
Week 6 Balance Sheet and incoming statement
Week 7 Interest and financial mathematics
Week 8 Present and annual worth
Week 9 Benefit / cost ratio
Week 10 Midterm Exam
Week 11 The internal rate of return
Week 12 Income tax effects on depreciation
Week 13 Retirement and placement analysis
Week 14 Revision
Student Assessment
5- Student Assessment:
1- Assignment
a- Procedures
2-Quizzes
used:
2- Written Exams
1- Quizzes
week 4,9,12
2- Mid-term exam
weeks 5,10
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Engineering Economics
What is
economics?
Engineerin Social science of how limited
g resources are used to satisfy
Engineeri unlimited human wants
ng
What is engineering ?
Economic
s Engineering is the application
of scientific, economic, social,
Econonics
and practical knowledge in
order to design, build, and
maintain structures, machines,
devices, systems, materials and
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processes
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