Live support chatEngineering Economics - Fundamentals
In Engineering Economics - Fundamentals , you'll learn ...
- Time value of money
- Discount rate
- Inflation
- Depreciation
Overview
Preview a portion of this course before purchasing it.
Credit: 2 PDH
Length: 16 pages
The "dollars and cents" business side of Engineering often doesn't receive the emphasis that employers would like. While engineers typically work towards a goal of finding the most efficient solution to a problem, in the business world, "efficiency" often means the least-cost solution. Engineering Economics provides the tools for determining the most cost-effective alternative in an organized fashion.
In this course the student will learn some of the fundamentals of Engineering Economics. This topic is relevant to any engineer who must consider cost in his or her decisions.
After completing this course, the student should understand time value of money calculations, the effects of inflation, the accounting concept of depreciation, and how to recognize and organize project cash flows.
Specific Knowledge or Skill Obtained
This course teaches the following specific knowledge and skills:
- Time value of money
- Discount rate
- Inflation
- Depreciation
- Project cash flows
Certificate of Completion
You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 12 questions. PDH credits are not awarded until the course is completed and quiz is passed.
| This course is applicable to professional engineers in: | ||
| Alabama (P.E.) | Alaska (P.E.) | Arkansas (P.E.) |
| Delaware (P.E.) | Florida (P.E. Other Topics) | Georgia (P.E.) |
| Idaho (P.E.) | Indiana (P.E.) | Iowa (P.E.) |
| Kansas (P.E.) | Kentucky (P.E.) | Louisiana (P.E.) |
| Maine (P.E.) | Michigan (P.E.) | Minnesota (P.E.) |
| Mississippi (P.E.) | Missouri (P.E.) | Montana (P.E.) |
| Nevada (P.E.) | New Hampshire (P.E.) | New Jersey (P.E.) |
| New Mexico (P.E.) | North Carolina (P.E.) | North Dakota (P.E.) |
| Ohio (P.E. Self-Paced) | Oklahoma (P.E.) | Oregon (P.E.) |
| Pennsylvania (P.E.) | South Carolina (P.E.) | South Dakota (P.E.) |
| Tennessee (P.E.) | Texas (P.E.) | Utah (P.E.) |
| Vermont (P.E.) | Virginia (P.E.) | West Virginia (P.E.) |
| Wisconsin (P.E.) | Wyoming (P.E.) | |
Preview a portion of this course before purchasing it.
Credit: 2 PDH
Length: 16 pages
