Nov 22, 2024  
2024-2025 Catalog 
    
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2024-2025 Catalog
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EREM300 - Engineering Economics

Credits: 3

This course provides students with an introduction to the economic logic and quantitative methods necessary to provide a basis for engineering decision making involving capital investment and cost effectiveness. Key concepts addressed in this class include: equivalence, cash flow, prospective rate of return, capital recovery, depreciation, replacement policy, and tax considerations. Practical applications to ship design, operations and construction are presented as applicable in case studies. This is a required course to meet the graduation requirement for all of the Marine Engineering degrees.

Corequisite: BUSN 210 
3 class hours a week


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