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Engineering Economics

This class was created by Brainscape user Jehan Madan. Visit their profile to learn more about the creator.

By: Jehan Madan
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Decks in this class (10)

Lecture 1
What are the basic economic problems,
What is engineering economics,
What is the difference between mi...
13  cards
Lecture 3
What is the law of demand,
What does a downward sloping dema...,
What is the substitution effect i...
9  cards
Lecture 2
What are the three key components...,
What transforms desire into demand,
What is the difference between de...
14  cards
Estimation and its types
What is an estimate,
Name the different types of estim...,
What is a rough order of magnitud...
25  cards
Budgeting
What is a budget,
What are the key concepts of budg...,
Why is budgeting important
26  cards
Economic decision-making
What is economic decision making,
Who can make economic decisions,
What are the steps in the economi...
20  cards
Cost Analysis
What is cost,
What are direct costs,
What are indirect costs
28  cards
Life Cycle Cost Methods, Project Financing Options
What does life cycle cost lcc ana...,
Name the six components of life c...,
How is life cycle cost lcc calcul...
18  cards
Concept and Value Analysis
What is the definition of concept...,
What is the purpose of concept an...,
Why is concept analysis important
20  cards
Cost Analysis 2
What are recurring costs,
Provide examples of recurring cos...,
Give an example of recurring cost...
14  cards

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Engineering Economics

  • Class purpose General learning

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