Engineering Economics and Sustainability

Engineering Economics draws upon the logic of economics and adds the analytical power of mathematics and statistics. The concepts developed in this course are broadly applicable to many professional and personal decisions, including making purchasing decisions, deciding between project alternatives, evaluating different processes, and balancing environmental and social costs against economic costs.

Engineering economics will be increasingly valuable as students climb the career ladder in private industry, non-governmental organizations, public agencies, or in founding their own startups. Eventually, the ability to make informed decisions that are based in fundamental analysis of alternatives is a part of every career. As such, this course is recommended for engineering and non-engineering students alike.

Please note: this course will be offered exclusively online, so all office hours and discussion sessions will also be online.

Recommended for CEE MS Programs: Sustainable Design & Construction (SDC)

Topics Include

• Decision making processes and professional ethics in decision-making
• Cost-estimating, the time value of money and measures of merit
• Quantitative sustainability assessment
• Economic externalities and uncertainty
• Mathematical modeling approaches
• Optimization, taxes and inflation
• Financial instrument analysis
• Accounting practices as they apply to alternative comparison and decision-making