EGMT 531: Economics for Engineering Management

Dr. Stephen Smith Instructor: Dr. Stephen Smith

Description: This course provides a review of economic analysis, with emphasis on those phases of major interest to engineering administration. Covers the calculation of economic equivalence, inflation and the purchasing power of money, decision making among alternatives, evaluation of public activities, and estimation of costs.

Prerequisites: NONE

Required Text:

  • Contemporary Engineering Economics, 5th ed. by Chan S. Park. ISBN-13: 978-0136118480 *NOTE - Not the international edition!*

Scheduled: Fall and Spring

Note: Students with zero accounting or finance knowledge may find "Managerial Accounting" by Garrison and Noreen to be useful supplementary reading.