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Advanced Economic Analysis

Emphasizes the systematic evaluation of the costs and benefits associated with proposed technical projects. The student will be exposed to the concepts of the “time value of money” and the methods of discounted cash flow. Students are prepared to make decisions regarding money as capital within a technological or engineering environment. Topics include: analysis of engineering projects; interest rate factors, methods of evaluation, depreciation, replacement, breakeven analysis, after tax analysis, decision-making under certainty and risk.