ENGR 2850 - Engineering Economics & Organization

Academic Division:

Business, Industry and Technology

Academic Discipline:

Engineering

Assistant Dean: Vincent Palombo PhD

3 Credit(s)
A practical introduction to the economic analysis of capital investment. The economic portion of the course covers interest factors for present, annual, and future worth; rates of return; increment and sunk costs; and economic order quantity. The course also covers a broad overview of the operations of an industrial organization, emphasizing the relationship of basic functions and principles essential to efficient and profitable operation of industrial enterprises. Content covers such topics as organizational structure, production planning and control, purchasing, sales, personnel administration, ownership and financing, business ethics and compensation. (TAG# OES005) UG OES005

3 Lecture Hour(s);

Required Prerequisite Course(s): Take MATH 1110

College Wide Outcomes

College-Wide Learning Outcomes	Assessments - - How it is met & When it is met
Communication – Written	Writing assignments – at mid semester and by finals week.
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking	Homework assignments every third week, Midterm, Final Exam – at midterm and finals week.
Information Literacy	Spreadsheet calculations, Week 3 and 9.
Quantitative Literacy	Homework assignments every third week, Midterm, Final Exam – at midterm and finals week.

Student Learning Outcomes for Course

College-Wide Learning Outcome	Assessments – How it is met & When it is met
1. Compute depreciation by straight line, sum of years’ digits, and declining balance methods.	Midterm & final examination
2. Convert an irregular set of cash flows into an equivalent annual series with any desired interest rate.	Midterm & final examination
3. Compute rate-of-return on a capital investment generating a regular or irregular set of Cashflows, on a before tax basis.	Midterm & final examination
4. Determine economic lot size by formula.	Midterm & final examination
5. Compare alternative investments on the basis of annual cost or present worth.	Midterm & final examination
6. Compare multiple alternatives on the basis of rate of return on incremental investment.	Homework assignment, Midterm & final examination
7. Determine present, future worth, or annual payments of investments using Functional Notation and Interest Tables.	Homework assignment, Midterm & final examination
8. Define, disparage, and defend functional specialization, product specialization and facilities specialization.	Midterm & final examination
9. Make a Gantt Chart to schedule a project efficiently.	Midterm & final examination
10. Identify and discuss three common types of business ownership.	Midterm & final examination
11. Construct a PERT Chart and identify the critical path.	Homework assignment
12. Identify and explain the various methods of generating capital in a business.	Midterm & final examination

Standard Grading Scale
93-100 A

90 - 92 A-

87- 89 B+

83 - 86 B

80 -82 B-

77- 79 C+

73 - 76 C

70 -72 C-

67- 69 D+

63 - 66 D

60 -62 D-

00- 59 F

Statement on Diversity
North Central State College believes that every student is a valued and equal member of the community.* Every student brings different experiences to the College, and all are important in enriching academic life and developing greater understanding and appreciation of one another. Therefore, NC State College creates an inclusive culture in which students feel comfortable sharing their experiences. Discrimination and prejudice have no place on the campus, and the College takes any complaint in this regard seriously. Students encountering aspects of the instruction that result in barriers to their sense of being included and respected should contact the instructor, assistant dean, or dean without fear of reprisal.

*Inclusive of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status (past, present or future), disability, age (40 years or older), status as a parent during pregnancy and immediately after the birth of a child, status as a parent of a young child, status as a foster parent, genetic information, or sexual orientation,

Standard NCSC Course Policies
Important information regarding College Procedures and Policies can be found on the syllabus supplement located at this link