Engineering Economics

Catalog description

The success of energy projects and companies is judged by technical, economic and financial criteria. This course will introduce concepts of engineering economy, e.g., time value of money, life cycle costs and financial metrics, and explore their application to the business of energy. We will use case studies, business school cases and possibly industry guest lecturers. Examples from the hydrocarbon businesses that dominate energy today will provide the framework for the analysis of both conventional and renewable energy.