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CIVL 302
Engineering Economy and Statistics
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ABET Syllabus   

ABET SyllabusTop of Page

Course Title and Number:
     CE 121 - Engineering Economy

Catalog Description:
Analysis of alternatives by basic engineering economic methods and applications of basic statistics. An oral report on personal finance, casestudy, or upper division project is required.


Prerequisites/Corequisites:
     MATH 007C (as implied by other prerequisites); ECE 090, C E 020, M E 038, or CSCI 065; CMST 010 can be taken concurrently.

Textbook and Other Required Material:
  • Newnan, Donald G., Engineering Economic Analysis, 6th edition, 1996, Engineering Press, 720 pp
  • Spiegel, Murray R., Schaum's Outline Series Theory and Problems of Probability
Course Objectives:
     The objectives of the course are to:
  • teach students basic knowledge of engineering economy
  • develop student's analytic ability to apply knowledge to the problem of evaluating alternatives
  • enable the student to use and interpret statistics
  • encourage students to communicate their work effectively
Topics Covered:
     Course Introduction
     Basic Economic Relationships
     Engineering Economic Analysis Methods
     Practical Common Applications
     Special Considerations, Inflation
     The Role of Uncertainty
     Basics of Statistical Distributions
     Expected Value, Estimates
     Hypothesis Testing
     Regression, Curve Fitting
     Simulation
     Design of Experiments, Analysis of Variance

Outcomes:
     Students completing the course will be able to:
  • complete computations and manipulations using the basic engineering economic equations
  • use engineering economy to compare alternatives by the present worth methods, the annual cost method, the benefit and cost ratio method, and the rate of return method
  • understand and apply the role of income tax and depreciation in making engineering economic decisions
  • understand and use statistical data properly
  • perform basic statistical hypothesis testing and understand the results
  • have a general understanding of investment options
Class/Laboratory Schedule:
     One hundred minutes of lecture per week
     One hundred minutes of activity per week

Contribution of Course to Meet the Professional Component:
     Engineering Science: Three units

This course meets the ABET criteria:
  • an ability to apply knowledge of mathematics, science, and engineering
  • an ability to design and conduct experiments as well as to analyze and interpret data
  • an ability to identify, formulate, and solve engineering problems
  • an understanding of professional and ethical responsibility
  • an ability to communicate effectively
  • the broad education necessary to understand the impact of engineering solutions in the global and societal context
  • a recognition of the need for, an ability to engage in lifelong learning
  • a knowledge of contemporary issues
  • an ability to use the techniques, skills, and modern engineering tools necessary for engineering practice
Relationship of Course to Program Objectives:
The course supports the achievement of the following program objectives:
  • to provide a broad-based education in mathematics, the sciences, engineering sciences and design, and humanities and social sciences
  • to provide a rigorous, well balanced, comprehensive and contemporary curriculum stressing fundamentals common to many fields of civil engineering, and a general education component with breath and depth of study in humanities and social sciences
  • to develop skills of oral and written communication, critical thinking, and leadership which are important to a successful professional life
  • to provide an appreciation of the breath of the civil engineering profession and offer an opportunity for pursuit of depth in a special area of civil engineering
  • to prepare graduates for numerous options including graduate or professional school as well as entering the civil engineering profession
  • to instill in civil engineering majors a sense of good citizenship, community service, and ethical responsibility
Assessment:
     12 homework assignments
     2 mid-term examinations, 75 minutes each
     1 final examination, 110 minutes
     1 course project presented orally and in written format
 
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