MIE258H1: Engineering Economics and Accounting

Fixed Credit Value: 

Engineering economic and accounting concepts needed in the design of engineering systems. Financial analysis topics include: financial statements, depreciation, income tax, and basic accounting techniques. Project analysis topics includes: time value of money, evaluation of cash flows, defining alternatives, analysis of independent projects, acceptance criteria, buy or lease, make or buy, replacement analysis, economic analysis in the public sector, project risk and uncertainty. Inflation concepts.


MIE231H1 / MIE236H1 or equivalent