Temple University 3 credits ENGR
This course will introduce you to the economics, finance and decision theory necessary to evaluate engineering projects and the tools necessary to analyze past performance and assess future performance of an engineering industry. You will learn how to utilize financial and cost techniques for decision-making, pricing and operational control, how to leverage statistical techniques to incorporate sensitivity, uncertainty and risk and utilize industry analysis tools to describe future performance of a technical organization with accuracy, and how to link between companies' operations and finance to create economic value. Topics include microeconomic principles, financial statement analysis, time value of money, risk analysis, and industry performance evaluation. Each topic will conclude with practice problems that will simulate the real-world business operations in technical companies.
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