Civil Engineering Economics
Fundamental concepts of engineering economy, use factors/multiple factors and spreadsheet functions to account for the time value of money and find equivalent amounts for cash flows. Utilize different techniques to evaluate and select alternatives, use depreciation methods/replacement study for project assets, Explain debt and equity financing and financial accounting.
1. Explain the economic concepts, time of money factors, and methods of economic evaluation
2. Identify debt and equity financing, financial accounting, depreciation, replacement, and supply & demand laws
3. Calculate equivalent amounts for cash flows & economic evaluation of alternatives
4. Estimate values using depreciation, economic life, replacement, and financial accounting concepts
5. Use economic feasibility methods for decision making to select alternatives on economic basis
6. Work in a team environment
7. Search for information and refer to relevant literatures
• Introduction to engineering economy
• Foundations of engineering economy
• Time value of money (Factors, present value, future, annual)
• Time value of money (Combining Factors)
• Nominal and Effective Interest Rates
• Economic feasibility (Present/Future Worth Analysis)
• Economic feasibility (Annual Worth Analysis)
• Economic feasibility (Rate of Return Analysis)
• Economic feasibility (Benefit/Cost Analysis, optimization)
• Depreciation and cost estimate
• Financing and financial accounting
• Replacement, economic life, payback, and laws for supply & demand