This course aims to enable students, to understand the essentials of economic and financial analysis and apply them to financial decision-making in industrial and engineering management. Topics in engineering economics include operating and capital budgets, financial statement used by managers, replacement analysis, and cost of capital and leasing. The course will also cover analysis of financial statements with an emphasis on implications for engineering management and industrial investment analysis.

The homework assignments allow the students to practise what is learned from the lectures and assess the degree of their understanding of the subject in the form of short exercises.

The case studies require the students to practise and review what is learned in the subject in a more integrative manner.

The project provides the students with hand-on practice of the subject and the experience of a real and messy engineering economical environment.

The final examination covers all the topics taught in the course.

For a student to pass the course, at least 30% of the maximum mark for the examination should be obtained.