23.414 Engineering Economics

Engineering Economics

Course Details
Min Credits 3
Max Credits 3
Course ID 4004
Status Active

This course introduces students to accounting and finance operations and principles, and how they impact engineering and manufacturing activities in both analytical and forward looking planning activities. Topics covered include financial statements, costing, depreciation, time value of money, cash flows, capital budgeting, and capital recovery with the objective of building working financial models for a technical environment. Pre-Requisites: 49.201 Economics I or instructor permission. Proficiency in MS Excel or equivalent.