List of all IE courses

4 Credits
Available Summer term*

Lecture only
(Online course)
Contact instructor for additional term offerings of this online course.


IE 570 or IE 582
Ean H. Ng
416 Rogers Hall

Course Description

Examines the economics dimension of engineering management, from costing techniques to financial analysis. Topics include economic planning, forecasting, and budgeting, and financial analysis for engineering and engineering management.


  • Time value of money
  • Analyzing and comparing engineering projects from the economic standpoint
  • Tax and depreciation in engineering projects
  • Analyzing public-sector engineering project
  • Estimating cash flow
  • Sensitivity analysis
  • Fundamentals of financial accounting
  • Income statements

Learning Outcomes

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

  1. Perform economic analysis for engineering projects
  2. Construct economic model and perform feasibility study
  3. Incorporate engineering economic concepts as part of the project evaluation and decision making process
  4. Interpret accounting and financial statements, and perform ratio tests
  5. Understand capital budgeting process and the effect on individual project

Additional Availability

* Engineering management courses regularly scheduled during the summer term may also be repeated during non-summer terms on a rotating basis. Please contact Engineering Management Program Director Ean H. Ng for information.