Introduction to Engineering Economy for Business and Personal Applications

Engineering students need to connect engineering economy concepts to the realities of personal finance, such as selecting a credit card, acquiring a mortgage, and planning for retirement. This textbook covers classical engineering economy topics and provides a direct application of these topics to personal finance and small business finance.

Engineering economy textbooks typically cover topics such as how to calculate a future value from a present value or from an annuity. However, most books describe these concepts using fictional situations that are not relatable to the students' financial reality. Engineering students need to connect engineering economy concepts to the realities of their personal finance, such as selecting a credit card, financing a car, acquiring a mortgage, and most importantly, planning for retirement. Introduction to Engineering Economy for Business and Personal Applications not only covers classical engineering economy topics but also provides a direct application of these topics to personal finance and small business finance. In eight student-friendly chapters, author Salvador Rojas-Murillo offers readers details on everything from introductory concepts and definitions to more advanced topics such as benefit-cost ratio, asset depreciation, and taxable income. Useful features such as learning objectives, reading activities, learning outcomes, exercises, chapter summaries, and review questions help boost student comprehension. An appendix with compound interest rate tables rounds out the extensive support material for readers. Introduction to Engineering Economy for Business and Personal Applications is the ideal textbook for undergraduate students taking an engineering economy course.