INDE 3140 - Engineering Economy

Units: 4
Macroeconomic concepts such as inflation, interest rates, banking system, global trade, and exchange rates, fundamental microeconomic concepts of supply and demand, opportunity costs, and comparative advantage. Economic analysis of engineering decisions. Determining rates of return on investments. Effects of inflation, depreciation, and income taxes. Application of basic principles and tools of analysis using case studies. Prerequisites: ECON 2301 , MATH 1304 . Cross-listed ECON 3140.