Engineering economics - 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

• A spreadsheet of capital cost inflation information specific to the process industries. Print this out for the midterm.
• A reading on the Chemical Engineering Plant Cost Index (CEPCI)

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.

• All the spreadsheet examples used in class are available.

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.

• Slides for class are posted now
• Audio and video recording of the class
• Enrichment: I mentioned an article about packed distillation towers in class today.

11 September 2013 (02B)

• Slides for class are posted now.
• Audio and video recording of the class
• Self-learning: here's an interesting PDF explaining time value of money and other engineering economic concepts

13 September 2013 (02C)

• Slides for class 2C are posted now.
• Audio and video recording of the class

17 September 2013 (03A)

• Slides for class 3A are posted now. Slides 52 to 69 are new.
• Audio and video recording of the class

18 September 2013 (03B)

• Slides for class 3B are posted now.
• Audio and video recording of the class

20 September 2013 (03C)

• Slides for class 3C are posted now.
• Audio and video recording of the class

24 September 2013 (04A)

• Slides for class 4A are posted now.
• Audio and video recording of the class

25 September 2013 (04B)

• Slides for class 4B are posted now.
• Audio and video recording of the class

27 September 2013 (04C)

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

01 October 2013 (05A)

• Slides for class 5A are posted now. Slides 133 and onwards are new.
• Audio and video recording of the class