I.E. 304 Engineering Economy is a part of almost every engineers fundamental job whether they are designing a new product or process, improving a product or process, or performing most any engineering task.
Money is a part of almost every decision an engineer makes.
This course looks mostly at capital investment decisions and how they should be compared. Engineering Economy is a part of the Engineering Fundamentals Exam that every student should take before they graduate. The bonus in this course is that almost everything we talk about in this class is relevant to your financial personal life as well. To be able to understand and use the time value of money concepts. To understand before and after tax economic analysis techniques .