Difference between revisions of "Engineering economics - 2013"

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* A spreadsheet of [https://docs.google.com/spreadsheet/pub?key=0AtqiArsxgE8YdEZXMnZBdk5sTHY4OG5aSWZlUHlwcmc&output=html inflation information] specific to the process industries. Print this out for the midterm.
* A spreadsheet of [https://docs.google.com/spreadsheet/pub?key=0AtqiArsxgE8YdEZXMnZBdk5sTHY4OG5aSWZlUHlwcmc&output=html capital cost inflation information] specific to the process industries. Print this out for the midterm.
* A [http://www.che.com/Assets/File/CEPCI_2002.pdf reading on the Chemical Engineering Plant Cost Index] (CEPCI)
* A [http://www.che.com/Assets/File/CEPCI_2002.pdf reading on the Chemical Engineering Plant Cost Index] (CEPCI)


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= Class slides =
= Class slides =


== 10 September 2013 ==
== 10 September 2013 (02A) ==
 
In this class we give an overview of the "Engineering Economics" section of the course. We start by introducing the topic of the time-value of money.  
In this class we give an overview of the "Engineering Economics" section of the course. We start by introducing the topic of the time-value of money.  
* Slides for [[Media:Economics-4N04-2013-03B.pdf |class are posted]] now
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-02A.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-02A.mp4 video] recording of the class
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-02A.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-02A.mp4 video] recording of the class
* ''Enrichment'': I mentioned an [http://www.fri.org/files/public/publications/Practical-Tips-on-Tower-Packing-Kunesh-.pdf article about packed distillation towers] in class today.
* ''Enrichment'': I mentioned an [http://www.fri.org/files/public/publications/Practical-Tips-on-Tower-Packing-Kunesh-.pdf article about packed distillation towers] in class today.


== 11 September 2013 ==
== 11 September 2013 (02B) ==
 
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now.  
* Slides for [[Media:Economics-4N04-2013-03B.pdf |class are posted]] now.  
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-02B.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-02B.mp4 video] recording of the class
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-02B.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-02B.mp4 video] recording of the class
* Self-learning: here's an interesting PDF explaining [http://fire.nist.gov/bfrlpubs/build02/PDF/b02155.pdf time value of money and other engineering economic concepts]
* Self-learning: here's an interesting PDF explaining [http://fire.nist.gov/bfrlpubs/build02/PDF/b02155.pdf time value of money and other engineering economic concepts]


== 13 September 2013 ==
== 13 September 2013 (02C) ==
* Slides for [[Media:Economics-4N04-2013-03B.pdf |class 2C are posted]] now.
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now.
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-02C.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-02C.mp4 video] recording of the class
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-02C.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-02C.mp4 video] recording of the class


== 17 September 2013 ==
== 17 September 2013 (03A) ==
* Slides for [[Media:Economics-4N04-2013-03B.pdf |class 3A are posted]] now. Slides 52 to 69 are new.
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now.  
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-03A.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-03A.mp4 video] recording of the class
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-03A.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-03A.mp4 video] recording of the class


== 18 September 2013 ==
== 18 September 2013 (03B) ==
* Slides for [[Media:Economics-4N04-2013-03B.pdf |class 3B are posted]] now. Slides 70 to 82 are new.
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now.
<!-- * [http://learnche.mcmaster.ca/media/4N4-2013-Class-03B.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-03B.mp4 video] recording of the class
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-03B.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-03B.mp4 video] recording of the class
-->
 
== 20 September 2013 (03C) ==
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now.
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-03C.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-03C.mp4 video] recording of the class
 
== 24 September 2013 (04A) ==
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now.
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-04A.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-04A.mp4 video] recording of the class
 
== 25 September 2013 (04B) ==
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now. 
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-04B.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-04B.mp4 video] recording of the class
 
== 27 September 2013 (04C) ==
This class was on the [[Self-directed_learning_project_-_2013|course project]], not on economics.
 
== 01 October 2013 (05A) ==
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now.  
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-05A.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-05A.mp4 video] recording of the class
 
== 02 October 2013 (05B) ==
* Slides for [[Media:Economics-4N04-2013-05B.pdf |class are posted]] now.
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-05B.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-05B.mp4 video] recording of the class
 
== 04 October 2013 (05C) ==
* Slides for [[Media:Economics-4N04-2013-Final-version.pdf |class are posted]] now.
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-05C.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-05C.mp4 video] recording of the class
 
== 07 October 2013 (06A) ==
* Some [[Media:Economics-4N04-2013-06A.pdf |extra slides on economic problems]] were donated by Dr. Marlin. They are for you to complete in your own time.
* [http://learnche.mcmaster.ca/media/4N4-2013-Class-06A.mp3 Audio] and [http://learnche.mcmaster.ca/media/4N4-2013-Class-06A.mp4 video] recording of the class

Latest revision as of 17:03, 9 October 2013

Class date(s): 10 September 2013 onwards
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Selected references

The following printed materials have influenced the course content. In alphabetical order:

Author(s) Title Library link Google search for ISBN Amazon link for ISBN
Blank and Tarquin Engineering Economy (7th edition, or earlier) McMaster Google Amazon
Fraser et al. Engineering Economics in Canada (3rd edition, or earlier) McMaster Google Amazon
Fraser et al. Global Engineering Economics (4th edition, or earlier) McMaster Google Amazon
Park, Zuo and Pelot Contemporary Engineering Economics, a Canadian perspective (3rd edition, or earlier) McMaster Google NA
Peters and Timmerhaus Plant Design and Economics for Chemical Engineers McMaster Google Amazon
Stermole and Stermole Economic Evaluation and Investment Decision Methods (13th edition, or earlier) NA Google Amazon
Turton et al. Analysis, Synthesis and Design of Chemical Processes (4th edition, or earlier) McMaster Google Amazon
Woods, Donald Cost Estimation for the Process Industries (McMaster download, 30 Mb) NA NA NA


Readings and resources

  • The slides from the 2012 class are in tab 3 of the notes from last year. I'm posting this for those students that might want to read ahead. I'm modifying the slides somewhat from last year, but feel free to go through the 2012 ones if you want.
  • We will be covering not only engineering economics in 4N, but also a bit of "personal economics". Take a look at this article. As engineers, you will have to decide on finances for the company are you working for, which is no different to making financial decisions for your own life.


Class slides

10 September 2013 (02A)

In this class we give an overview of the "Engineering Economics" section of the course. We start by introducing the topic of the time-value of money.

11 September 2013 (02B)

13 September 2013 (02C)

17 September 2013 (03A)

18 September 2013 (03B)

20 September 2013 (03C)

24 September 2013 (04A)

25 September 2013 (04B)

27 September 2013 (04C)

This class was on the course project, not on economics.

01 October 2013 (05A)

02 October 2013 (05B)

04 October 2013 (05C)

07 October 2013 (06A)

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