Difference between revisions of "Engineering economics - 2014"
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* See various "[https://www.google.ca/search?q=andex+chart&tbm=isch Andex charts]" of the form in class | * See various "[https://www.google.ca/search?q=andex+chart&tbm=isch Andex charts]" of the form in class | ||
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| 12 September | |||
| 02C | |||
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We looked at an example the considered the time value of money; then discussed various criteria related to assessing an investment. Our focus in the next class is more detail around these "profitability metrics" | |||
| [[Media:Economics-4N04-2013-Part-1.pdf |Slides]] | |||
| [http://learnche.mcmaster.ca/media/2014-4N4-Class-02C.mp4 Video] | |||
| [http://learnche.mcmaster.ca/media/2014-4N4-Class-02C.mp3 Audio] | |||
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We will be covering not only engineering economics in 4N, but also a bit of "personal economics". | |||
* Take a [http://www.theglobeandmail.com/globe-investor/personal-finance/taxes/what-to-consider-when-taking-on-student-loans/article13908025/ 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. | |||
* And then [http://www.theglobeandmail.com/news/national/stock-up-on-ramen-noodle-cost-of-university-to-rise-13-per-cent-over-four-years/article20507366/ another article about the rising cost of tuition] that is coming along. | |||
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* 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] | ||
* 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. | * 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. | ||
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Revision as of 20:50, 12 September 2014
| Class date(s): | 08 September 2014 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 | Amazon | |
| Fraser et al. | Engineering Economics in Canada (3rd edition, or earlier) | McMaster | Amazon | |
| Fraser et al. | Global Engineering Economics (4th edition, or earlier) | McMaster | Amazon | |
| Park, Zuo and Pelot | Contemporary Engineering Economics, a Canadian perspective (3rd edition, or earlier) | McMaster | NA | |
| Peters and Timmerhaus | Plant Design and Economics for Chemical Engineers | McMaster | Amazon | |
| Stermole and Stermole | Economic Evaluation and Investment Decision Methods (13th edition, or earlier) | NA | Amazon | |
| Turton et al. | Analysis, Synthesis and Design of Chemical Processes (4th edition, or earlier) | McMaster | Amazon | |
| Woods, Donald | Cost Estimation for the Process Industries (McMaster download, 30 Mb) | NA | NA | NA |
Readings and resources
- The slides from the 2013 class are available for those that want to read ahead. I'm modifying the slides somewhat from last year, but feel free to go through the 2013 ones if you want.
Class slides, videos, and other resources
| Date | Class number | Topic | Slides for class | Video and audio files | References and Notes | |
|---|---|---|---|---|---|---|
| 08 September | 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. |
Slides | Video | Audio |
|
| 10 September | 02B |
We looked at the investing point of view last class; in this class we look at the inflationary viewpoint and why money in the future is worth less in today's terms. |
Slides | Video | Audio |
|
| 12 September | 02C |
We looked at an example the considered the time value of money; then discussed various criteria related to assessing an investment. Our focus in the next class is more detail around these "profitability metrics" |
Slides | Video | Audio |
We will be covering not only engineering economics in 4N, but also a bit of "personal economics".
|