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Sinclair College

OPT 2208 Engineering Technology Economics & Cost Analysis

Basic economic cost concepts, decisions, analysis and evaluations as applied to engineering design, production, maintenance and quality control.

Prerequisites: MET 1131 or MAT 0600 or MAT 0100 or MAT 1110 or MAT 1460 or Approval of Department

Course Outcomes
  • Describe the various types of costs and how they react to different types of business situations, including standard costs and overhead costs.
  • Demonstrate an understanding of several cost analysis and control tools, including budgets, break even points and cost-volume-profit relationships.
  • Describe and demonstrate an understanding of the concept of the time value of money.
  • Apply economic analysis methods related to the time value of money and investment capital spending cash flows to a real world or simulated situation.
Credit Hours: 3
  • Classroom: 3 hours
  • Division: Science, Mathematics and Engineering
  • Department: Industrial & Systems Engineering Technology
  • Repeatable Credit: No
  • Offered Online: No
Available Sections
Not currently offered this term