Purdue School of Engineering and Technology

Purdue School of Engineering and Technology

Engineering Economics

ECE 32700 / 3 Cr. (3 Class)

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Engineering economics is the application of economic techniques to the evaluation of design and engineering alternatives. The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint. This course covers the time value of money and other cash-flow concepts, reviews economic practices and techniques used to evaluate and optimize engineering decisions, and discusses the principles of benefit-cost analysis.