Difference between revisions of "Engineering economics - 2013"

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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-4N04-2013-03A.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-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.
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== 11 September 2013 ==
== 11 September 2013 ==


* Slides for [[Media:Economics-4N04-2013-03A.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 ==
* Slides for [[Media:Economics-4N04-2013-03A.pdf |class 2C are posted]] now.
* Slides for [[Media:Economics-4N04-2013-03B.pdf |class 2C 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 ==
* Slides for [[Media:Economics-4N04-2013-03A.pdf |class 3A are posted]] now. Slides 52 and onwards are new.
* Slides for [[Media:Economics-4N04-2013-03B.pdf |class 3A are posted]] now. Slides 52 and onwards are new.
* [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 ==
* Slides for [[Media:Economics-4N04-2013-03B.pdf |class 3B are posted]] now. Slides 70 to 79 are new.
<!-- * [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
-->

Revision as of 23:04, 17 September 2013

Class date(s): 10 September 2013 onwards
Download video: Link [490 M]

Download video: Link [497 M]

Download video: Link [462 M]

Download video: Link [309 M]

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

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

13 September 2013

17 September 2013

18 September 2013