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Engineering economy

Course Description: Introduction to Engineering Economics, Interest and Economic Equivalence Equations, Estimated Cash Flows and Diagrams, Nominal and Effective Interest Rates, Comparison of Alternatives and Decision Making Based on Economic Considerations, Application of Present Worth and Annual Worth Analysis, Break-Even Point and its Analysis, Depreciation and Amortization Methods, Economic Analysis of Public Sector Projects, Cost Estimation, Evaluation of Replacement and Retention Alternatives.
Credit hours: 3
Objectives of the course :

1- Introduce the student to the concepts and principles of engineering economics.

Enable students to identify and analyze interest rates and the time value of money.

3- Teaching students different methods for solving cash flow problems.

4. Introduce the student to information about different types of alternatives and projects.

5. Enable the student to identify and analyze the most economical option between competing and independent projects.

6. Introduce the student to information about consumption methods and depletion patterns.

7. Teaching the student the break-even point, and its application and analysis in individual and diverse projects.

Strengthening students' ability and skills in determining and analyzing the book value, market value, and salvage value of assets.

Provide students with the necessary knowledge about methods for analyzing public sector projects.

Course outputs :

1. Identify the importance of engineering economics and the types of interest rates.
2. Describe how and why the value of money changes over time.
3. Explain the importance of economic analysis in choosing projects from among different alternatives.

4. Find the break-even point for the project.

5. Recall the main depreciation methods.

6. Define public sector projects and private sector projects.
7. Solving problems related to real economic issues such as the time value of money and choosing between alternatives.

8. Use a cash flow diagram as a tool for solving economic problems.
9. Use compound interest tables to extract interest factors.
10. Take responsibility for making a decision on the selection of a construction project based on economic considerations.
11. Decision-making on selecting a construction project based on the break-even point.
12. Apply cost-benefit analysis standards to select/exclude a public sector project.

Additional information:
  • Last updated: 2026-05-17

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