This course will expose students to economic theory through the use of mathematical modeling with a focus on economic decision making for engineers. Microeconomics topics will include supply and demand market analysis, and profitability. Macroeconomics topics will include the aggregate market, economic indicators, fiscal policy and monetary policy. The course will include segments of the engineering economic analysis covered in the Professional Engineering exam such as the application of different economic analysis methods utilized in evaluating the viability of a project and its alternatives, concepts of replacement decisions, capital-budgeting decisions, and project risk and uncertainty.
- Teacher: Dr. Auro Kumar Sahoo STPBL
- Teacher: Dr. Chandramani STPBL