List of all ENGR courses

3 Credits
Available Fall/Winter

OSU catalog link

Sophomore standing


Brian Paul
219 Dearborn Hall

Course Description

Time value of money; economic study techniques, depreciation, taxes, retirement, and replacement of engineering facilities.


  • Introduction to cash flows/complex cash flows
  • Equivalence calculations
  • Introduction to interest rates/equivalence and interest rates
  • Applications: loans and bonds
  • Worth analysis I, II,  annual equivalent
  • Rate of return analysis
  • Depreciation
  • Taxes
  • Inflation
  • Case studies

Learning Outcomes

The student, upon successful completion of this course, will be able to:

  1. Able to perform economic calculations involving the time value of money using standard formulas and tables
  2. Able to compare alternatives and select the optimum alternative using net present worth, annual equivalent worth, incremental analysis and benefit-cost analysis
  3. Able to determine project related after tax cash flows
  4. Able to apply the principles listed in (1) and (2) above in problems involving sensitivity analysis, bonds, loans, inflation and replacement analysis
  5. Able to develop economic models for scenarios that require use of a combination of the methods listed above