Course Schedule and Catalog
Course Catalog - 2024-2025
RCEL 505 - LEADING ENGINEERING ECONOMICS
Long Title: ENGINEERING ECONOMICS FOR ENGINEERING LEADERS
Department: Center Engineering Leadership
Grade Mode: Standard Letter
Language of Instruction: Taught in English
Course Type: Lecture
Credit Hours: 3
Restrictions:
Must be enrolled in one of the following Level(s):
Graduate
Must be enrolled in one of the following Degree(s):
Master of Bioengineering
Master of Comp & Appl Math
Master of Civil & Env Eng
Master of Chemical Eng
Master of Computer Science
Master of Comp Sci & Eng
Master of Data Science
Master of Electrical Comp Eng
Master of Eng Mgmt & Leadershp
Master of Industrial Eng
Master of Mechanical Eng
Master Materials Sci & NanoEng
Master of Statistics
Graduate Certificate
Must be enrolled in one of the following Fields of Study:
Major: Computational & Applied Math
Major: Chemical Engineering
Major: Computer Science
Major: Computational Science & Eng
Major: Data Science
Major: Electrical & Computer Eng.
Major: Engineering Mgmt & Leadership
Certificate: *Product Mgmt for Eng Leaders*
Certificate: Engineering Project Management
Major: Industrial Engineering
Major: Mechanical Engineering
Major: Materials Science & NanoEng
Major: Statistics
Major: Bioengineering
Description: This course will explore economic analysis of capital expenditure decisions, financial mathematics, microeconomics, and decision-making under risk and uncertainty. Topics covered in this course include time value of money, analysis of alternatives using net present value and internal rate of return, depreciation, taxes, and inflation. Computational approaches, such as probabilistic design in engineering designs, which connect randomly varying design parameters to economic impact, will sometimes be considered based on course composition. Engineering ethics case studies that involve engineering economics will be explored as well. Mutually Exclusive: Cannot register for RCEL 505 if student has credit for CEVE 322/CEVE 528/ENGI 303/ENGI 528.