MET 605 - Advanced Economic Analysis for Engineering and Technology

3 credits

Objectives of technology firms; advanced treatment of interest and equivalence including continuous cash flows, inflation, depreciation, replacement, taxation, selecting MARR, deterministic and stochastic alternative selection, decision under risk and uncertainty, utility theory, and capital budgeting models specific to technology investments; public sector investments and public utilities.

Prerequisites
MET 505 or equivalent.

Note
Students should have knowledge of basic economic and management concepts and adequate background in algebra and statistics.

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