Engineering Economics Analysis (Part 2 of 2)

About this course

As mentioned in part (1), this course is all about decision making from an economic perspective for any investment (whether on the personal or the corporate level). As a reminder, the following topics were covered in part (1):- Time Value of Money- Economic Equivalence- Nominal and Effective Interest Rates- Commercial Loans (Amortized loans, Add-On loans, and Customized loans)- Inflation- Measuring Worth of Investments- Comparison of InvestmentsThe topics covered in part (1) are considered as the basics or foundations of engineering economic analysis. In part (2) we will dive more in some other advanced interesting topics. Such as performing supplementary analysis after the main analysis to investigate different scenarios in our assumptions. Also, we will understand how to consider taxes in our analysis and how it can affect our decision making. We will also discuss how to evaluate a project economically for public projects and its difference between the private sector’s evaluations. Moreover we will know how to determine your Minimum Attractive Rate of Return (MARR) and many others. Accordingly, the main topics to be covered in part (2) will be as follows (see the course contents for more details):- Supplementary Analysis- Capital Budgeting- Depreciation- Taxation- Replacement Analysis- Economic Analysis in Public Sector- MARR Selection

Course objectives

• provide a deeper understanding of advanced engineering economic analysis
• develop skills to analyze various economic scenarios
• equip students with tools for fiscal decision making in both public and private sectors