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TECH330
ECONOMIC
ANALYSIS FOR
TECHNOLOGISTS
CONTACT INFORMATION
A short biography, contact information, office hours, course guidelines, etc. for your instructor may be
found in the Instructor Information discussion area in this module.
DESCRIPTION
This course covers the application of economics and decision theory to the evaluation of engineering
alternatives in planning, developing, constructing, and managing engineering projects.
This is a 3-credit course, requiring a minimum of 18 hours of course engagement each week in an
8-week term, or 9 hours per week in a 15-week term (refer to the Credit Hours Calculation Policy in the
Student Handbook), Course engagement includes such activities as discussions, reading, study time,
and assignments.
Requisites
Strong algebra skills and ability to create spreadsheets such as EXCEL are required skills and
abilities for this course.
College algebra, basic statistics or equivalent are required. Micro or Macro Economics
recommended.
OUTCOMES
1. Describe and create financial statements, including income statements, balance sheets, and
cash flow statements.
2. Apply time value of money relations as part of financial analysis.
3. Quantitatively determine depreciation, risk and taxes in financial analysis.
4. Perform financial decision making by applying break even analysis, minimum cost analysis,
and replacement analysis.
5. Recommend methods of financial improvement through calculation of minimum costs and
quality cost ratios.
6. Analyze, monitor, and improve an organization's financial results.
Course
Outcome
1
Assessment
M1A1: Textbook Assignments:
Comprehensive Problems
x
x
x
x
Notes
M8A1:Final Exam
M3A2 Self-Assessment
M6A2:Self-Assessment
M7A2:Self-Assessment
Module 1 Discussions
Module 2 Discussions
Module 3 Discussions
Module 4 Discussions
Module 5 Discussions
Module 6 Discussions
Module 7 Discussions
Module 8 Discussions
x
X
BPS-T
Course
Outcomes
1
PO
(SO)
#1
PO
(SO)
#2
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(SO)
#3
PO
(SO)
#4
PO
(SO)
#5
PO
(SO)
#6
PO
(SO)
#7
PO
(SO)
#8
PO
(SO)
#9
PO
(SO)
#10
PO
(SO)
#11
PO
(SO)
#12
PO
(SO)
#13
MATERIALS
Visit our bookstore (http://bookstore.mbsdirect.net/excelsior.htm) for the required books and study
materials. Please verify for your specific term the edition, version and/or copyright
date before purchasing course materials.
Required
Title
Edition
11th (2012)
Author(s)
Donald G. Newnan
Ted G. Eschenbach
Jerome P. Lavelle
Publisher
New York/Oxford University
Press
ISBN 10
978-0-19-977804-1
DELIVERABLES
Course Schedule
Unless otherwise noted, all assigned items are due at the end of the module (by 11:59PM, Sunday).
Week
Reading
Assignments
Online
Discussions
Course
Outcomes
Related to
this
Module
Week 1
Week 2
Week 3
Module 1:
Making
Economic
Decisions and
Engineering
Costs and Cost
Estimating
Chapters 1, 2
Engineering
Economic
Analysis
M1A1: Textbook
Assignments:
Comprehensive
Problems
Module 2:
Interest and
equivalence
Chapters 3, 4
Engineering
Economic
Analysis
M2A1: Textbook
Assignments:
Comprehensive
Problems
M2D1: Time
Value of Money
Module 3:
Present Worth
and Cash Flow
Chapters 5, 6
Engineering
Economic
Analysis
M3A1: Textbook
Assignments:
Comprehensive
Problems
M3D1: Economic
Analysis of
Present Worth
Week 5
M1D1: Decision
Making Process
M1D2: Budgeting
Issues
M3A2 SelfAssessment
Week 4
Welcome &
Introductions
Module 4: Rate
of Return
Analysis and
Choosing the
Best
Alternative
Chapters 7,8
Engineering
Economic
Analysis
Module 5:
Future Worth
Analysis,
Financial
Ratios, and
Depreciation
Chapters
9,10,11
Engineering
Economic
Analysis
M4A1: Textbook
Assignments:
Comprehensive
Problems
M4A2:Mid Term
Exam
M5A1: Textbook
Assignments:
Comprehensive
Problems
3,4,5,6
M4D2: The
Board Looks to
You
M5D1: Financial
Decision Making
in Future Worth,
Benefit Cost
Ratios, and
Break Even
M5D2:
Fundamentals of
Depreciation
3,4,5,6
Week 6
Week 7
Week 8
Module 6:
Decision
Replacement
Analysis and
Taxes
Chapters
12,13
Engineering
Economic
Analysis
M6A1: Textbook
Assignments:
Comprehensive
Problems
Module 7:
Inflation, Price
Change, and
Minimum
Attractive Rate
of Return
Chapters
14,15
Engineering
Economic
Analysis
M7A1: Textbook
Assignments:
Comprehensive
Problems
Module 8:
Economic
Analysis in the
Public Sector
and
Accounting
and
Engineering
Economy
Chapters
16,17
Engineering
Economic
Analysis
M8A1:Final
Exam
EVALUATION
Grade Ranges
A=90-100%
B=80-89%
C=70-79%
D=60-69%
F=below 60%
M6A2:SelfAssessment
M7A2:SelfAssessment
M6D1: Income
Taxes
3,6
M6D2:
Performing
Replacement
Analysis
M7D1: Impact of
Inflation and
Price Change
4,5,6
M7D2: Minimum
Attractive Rate of
Return (MARR)
M8D1:
Accounting for
Business
Transactions Key
Concepts
1,5,6
Breakdown
Grade Weights:
Activity/Assessment
% of final grade
Comprehensive Problems
30%
Midterm Exam
25%
Final Exam
25%
20%
Total
100%
Criteria
Comprehensive Problems - 30%
Comprehensive problems from the textbook will illustrate concepts from each module. Detailed
grading criteria will appear in the descriptions of the assignments themselves.
Midterm Examination - 25%
In order to exercise your financial analysis skills developed during the course, examinations will be
comprised of comprehensive text problems.
Final Examination -25 %
In order to exercise your financial analysis skills developed during the course, examinations will be
comprised of comprehensive text problems.
Online un-proctored assessments will test you on what you have learned in the course. If you
navigate away from a quiz or exam while taking the assessment, you may be locked out. Your
instructor has sole discretion, and only under exceptional circumstances, to reset an incomplete
examination. To request a reset, you must contact your instructor.
COURSE POLICIES
Late Assignment Policy:
You are expected to meet deadlines for all quizzes, examinations, assignments and discussions.
Late assignments will be subject to a deduction of 5% of the available points for every calendar week
that the assignment is overdue.
If for any reason you are having difficulty keeping up with your coursework, be sure to check
policies on Course Withdrawals and Course Extensions.
INSTITUTIONAL POLICIES
COURSE ATTENDANCE AND PARTICIPATION:
Course attendance and weekly course participation are required. Please see the policy on Excessive
Absenteeism (http://www.excelsior.edu/excessive-absenteeism) for more details.
Instructor Participation
Your instructor will:
Log into the course to review and participate at least three different days a week in 15-week
courses, or four different days a week in 8-week courses.
Provide you with formative feedback midway through the course based on work submitted
to that point.
Grade all formative assignments within 7 business days in 15-week courses and 4 business
days in 8-week courses, and will grade final summative work within 5 business days after
the end of the term.
POLICIES
You are responsible for being familiar with all the policies that are related to your activity in this course.
Complete information on Excelsior College policies can be found in the Course Information area or by
visiting www.excelsior.edu/policies (http://www.excelsior.edu/policies).
All student work in this course may be submitted to plagiarism detection software.