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Engineering Economics -
Fundamentals
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Attention New York Engineers:
This course cannot be taken to fulfill your
continuing education requirements in the state of New York since the course does
not fall under the category of "Areas of Practice" or "Law/Ethics". For
more information, check the
New York State Board Requirements.
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John P. Greaney, P.E.
Overview
The “dollars and cents”
business side of Engineering often doesn’t receive the emphasis that employers
would like. While engineers typically work towards a goal of finding the most
efficient solution to a problem, in the business world, “efficiency” often means
the least-cost solution. Engineering Economics provides the tools for
determining the most cost-effective alternative in an organized fashion.
In this course the student
will learn some of the fundamentals of Engineering Economics. This topic is
relevant to any engineer who must consider cost in his or her decisions.
After completing this course,
the student should understand time value of money calculations, the effects of
inflation, the accounting concept of depreciation, and how to recognize and
organize project cash flows.
The student must take a multiple-choice quiz consisting of twelve questions at the end of
this course to obtain PDH credits.
Specific Knowledge or Skill Attained
This course teaches the following specific knowledge and
skills:
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Time value of money
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Discount rate
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Inflation
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Depreciation
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Project cash flows
Course
Click on the following PDF attachment and review
the course "Engineering Economics - Fundamentals".
"Engineering
Economics - Fundamentals" (123 KB)
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To obtain PDH credits for this course, you will need to take a quiz for
credit. Click on the link below.
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