EGR 32103 ENGINEERING ECONOMICS (3)

This course introduces the principles of economic analysis and decision-making in engineering projects. Students will learn how to evaluate the financial feasibility and economic viability of engineering designs, projects, and investments using time value of money concepts, cost analysis, and financial decision tools. The course emphasizes the integration of economic factors with engineering decision-making to optimize the use of resources and maximize value for engineering projects. Real-world case studies and practical applications are used to demonstrate how economic principles are applied in various engineering sectors.