CME368H1: Engineering Economics and Decision Making

Fixed Credit Value: 
0.50
Hours: 
38.4L/12.8T

The incorporation of economic and non-monetary considerations for making decision about public and private sector engineering systems in urban and other contexts. Topics include rational decision making; cost concepts; time value of money and engineering economics; microeconomic concepts; treatment of risk and uncertainty; and public project evaluation techniques incorporating social and environmental impacts including benefit cost analysis and multi-objective analysis.