The is based on the logic of economics and adds the analytical power of mathematics and statistics. The concepts developed in this course are broadly applicable to many professional and personal decisions, including making purchasing decisions, deciding between design alternatives, evaluating different processes, and balancing environmental and social costs with economic costs.
Engineering Economics will be increasingly valuable as students move up the career ladder in private industry, non-governmental organizations, public agencies or in founding their own startups. Eventually, the ability to make informed decisions based on fundamental analysis of alternatives is part of every career. As such, this course is recommended for engineering students and non-engineers alike.
So, if you are thinking of starting in engineering. Improve your ability to increase your profits.
If you are wondering how to undertake in engineering? Stay with us in this video to learn the concepts of economic engineering.
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