Engineering Economics and Decision Making for Sustainability

3 credits · Undergraduate Programs

Knowledge and tools to assess broader performance of engineered systems; evaluation of trade-offs among economic, environmental, and social criteria; concept of cost benefit analysis beyond financial analysis; social discount rate; valuation of externalities; market failure; input-output analysis including material and environmental impact extensions; valuation of ecosystem services and natural capital; limits to growth; efficiency and equity. Antirequisite(s): Credit for Sustainable Systems Engineering 315 and any of Economics 201, Engineering 209 will not be allowed.