(Taken from the UC Berkeley Course Guide)
Economic analysis for engineering decision making: Capital flows, effect of time and interest rate. Different methods of evaluation of alternatives. Minimum-cost life and replacement analysis. Depreciation and taxes. Uncertainty; preference under risk; decision analysis. Capital sources and their effects. Economic studies.
Completion of 60 units of an approved engineering curriculum
Students will receive no credit for Engineering 120 after taking Industrial Engineering 120.
2 hours of lecture and 1 hour of discussion per week.