
Explore engineering economics to compare alternatives using the time value of money, present and future worth analysis, payback period, and rate of return to guide sound financial decisions.
Explore cost concepts, including direct and indirect costs, fixed and variable costs, overhead, recurring and non-recurring costs, incremental cost, cash versus book cost, opportunity cost, and life-cycle cost.
Explore the time value of money, explain why interest is positive, and compare simple and compound interest while introducing present and future value, discounting, cash-flow equivalence for decision making.
Explore annuities and uniform series, linking end-of-period payments to present and future values through compounding factors, with examples like student loans, mortgages, and car insurance.
Compute rate of return analysis by deriving the IRR from cash flows, present value, and annuity value, using formulas, Excel IRR, and decision rules.
Explain the payback period as the time to recover initial capital from project profits, while noting its neglect of the time value of money and comparison to net present value.
Explore solving cash-flow problems with the Excel IRR function, using a 3,000 investment yielding 5,000 after five years and a time-and-cash-flow setup.
Limits, derivatives, integrals and much more in just one course!
HOW TO LEARN IN THE BEST, CLEAR AND FAST WAY POSSIBLE CALCULUS 1!
Do you want to make effective financial investments? Do you want to learn relationship of engineering with economics?
Well, this course may be the solution you’re looking for!
In this course you will find all the topics of Engineering Economics explained with video lectures, step-by-step examples, interesting proofs, formulas sheets and a lot of examples to solve by yourself in order to maximize your study.
THE SCHEDULE OF THIS COURSE IS BASED ON:
Definition of Engineering Economics
Why Engineering Economics is important for making financial decisions
Simple and Compound Interest
Present worth Analysis
Future worth Analysis
Annual worth Analysis
Rate of Return
Interest Return Rate
Payback Period.
IN EVERY SECTION YOU WILL FIND:
Lectures: are video in which we will explain to you all the concepts of Engineering Economics, they are fundamental to learn in the best way possible the theoretical part, nevertheless you will also find numerical and graphical examples so you will understand the concepts also from a practical point of view.
Interest table: is PDF file in through which you can solve numerous problems directly without performing calculations.
It’s very useful to analyze carefully the interest table because in doing so you will learn how to approach and solve all the possible types of exercises that you will encounter typically in Engineering Economics.
Practice Exercise: are useful for you to check your progress and understanding of the taught topics.
Of course I will always be by your side during this journey so, do not hesitate to ask whenever you have a problem or something is not clear enough.
What are you waiting for?
See you in the first lecture!