CS-I, Engineering Economics

This comprehensive package includes everything you need to ace your exams:

• Solutions to the past two exam papers from 2019 or earlier—understand key patterns and recurring questions.
• Expertly crafted study notes—condensed and easy-to-understand summaries to save you time.
• Handpicked reference websites—giving you direct access to valuable external resources.
• Online calculators—quick links to simplify calculations and save time during your preparation.
• Printable Notes—downloadable tips, summary, formulas and notes.
• Free access to Study Groups—join other user for discussions, and shared resources.
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Subject Outline / Syllabus:

Engineering Economics refers to the application of economic principles in the analysis of alternatives in engineering practice. Topics include theoretical and conceptual financial project analysis; types and applications of engineering economic decisions; capital, cash flow, and the time value of money concepts; nominal and effective interest rates when considering loans, mortgages, and bonds; the application of present worth analysis, annual equivalent analysis and rate of return analysis in evaluating independent projects; analyzing lease vs. buy alternatives and making decisions; after-tax financial analysis requires understanding of capital cost allowance (depreciation) and corporate income tax; understanding methods of financing and capital budgeting; break-even, sensitivity and risk analyses.

Textbooks (most recent edition is recommended):

Primary Text:

• Fraser, Niall; Jewkes, Elizabeth; Pirnia, Mehrdad; Schmitt, Ketra. Engineering Economics: Financial Decision Making for Engineers, Canadian Edition, Pearson Education Canada.

Secondary Text:

• Newnan, Donald G.; Jones, John; Whittaker, John; Eschenbach, Ted G.; Lavelle, Jerome P. Engineering Economic Analysis, Oxford University Press.

French Text:

• Park, Chan S. Analyse Economique en Ingenierie, Editions du Renouveau Pedagogique.

Web Resources:

• Keywords: engineering economics, cost engineering, financial analysis
• Organizations: International Cost Engineering Council, Association of Cost Engineers, Association for the Advancement of Cost Engineering