In this course, you become familiar with the mathematical foundations of engineering economics. For example, you will learn to use indices to account for changes in prices. You will also learn to apply interest calculations to choose the most profitable investment option among alternatives.
You increase your knowledge and deepen your understanding of the mathematical foundations of your own technical specialization. You learn to apply established computational methods to support decision-making related to economics.
After completing the course, you know the basic concepts and methods of business economics that are important for an engineer. You will be able to perform calculations related to indices, interest, financing, investments, and life-cycle costs using a spreadsheet application. You will also be able to use the results of these calculations for planning operations and assessing profitability.
- Teacher
Antti Kosonen