This undergraduate level course is a comprehensive coverage of concepts
in engineering economics. It presents mathematical techniques and practical
advice for evaluating decisions in the design and operation of engineering
systems. These procedures support both selection and justification of design
alternatives, operating policies, and capital expenditure. The topics covered
include time value of money, financial evaluation methods, depreciation and
inflation, income taxes, project financing, replacement analysis, notions on
capital budgeting and sensitivity, and risk analysis. At a more personal note,
it will help you make financially prudent decisions in your day-to-day life.
It will help you in your EIT / PE examinations in future.