The principles of engineering economics will be introduced with emphasis on project management. Topics will include economic decision making, equivalence and interest formulas, economic evaluation techniques, depreciation, projecting cash flow, capital budgeting decision making, inflation, project risk and uncertainty and project cost estimation. Lectures, discussion groups and case studies will be used to demonstrate basic concepts. Factors underlying the success and failures of projects will be discussed. EXCLUSIONS APSC 321*, COMM 244*.
