Engineering economics, management principles, and professional practice. All courses are aligned with the latest P.Eng. exam requirements across Canadian provincial bodies.
Sound financial judgment is a core competency for practicing engineers. This course covers the full scope of engineering economics: from the time value of money and interest rate analysis through present worth, annual equivalent, and rate of return methods. You will apply these tools to compare alternatives, evaluate lease-vs-buy decisions, and conduct after-tax analysis using capital cost allowance. Sensitivity analysis and risk assessment round out the financial decision-making toolkit expected of a Professional Engineer.
Main topics covered
Time value of money: capital, cash flow, and interest rate concepts
Nominal and effective interest rates for loans, mortgages, and bonds
Present worth analysis and annual equivalent analysis
Rate of return analysis for independent and mutually exclusive projects
Lease vs. buy alternative analysis and decision-making
After-tax analysis: capital cost allowance and corporate income tax
