Professional Engineering Continuing Education [P.E.C.E.]
Engineering Economics 2
Lecturer: Robert Louie, PE
Two (2) economic decision-making techniques will be discussed: Annual Cost and Present Worth. The valuation of a Bond, along with the conditions of purchasing the bond at a premium or at a discount, will be shown. Rate of return, another decision-making technique, will also be discussed along with its pit falls. The limits of continuous compounding will be shown both analytically and discretely. The three different types of depreciation will be shown with examples. A dramatic, and yet important, savings-contribution example will enlighten the concept of an early start.
Four (4) Continuing Education Hours
[NYS
Approved for PE continuing education hours]