At the end of this Course, the students should be able to:

•    Decide on the actions engineers have to make in industry to design a new plant or a new process,
•    Calculate the fix and working capital requirements of an investment,
•    Predict and analyze the product cost,  
•    Analyze the production using economic concepts,
•    Define the time value of money and apply this concept in economic evaluations,
•    Compute the profitability of industrial projects, 
•    Analyze, evaluate and conclude alternative investments and replacements,
•    Interpret the effect of inflation in industry,
•    Identify and apply the basic principles of project management and accounting,