Engineering economy 2 min read
Defining Time Value of Money
It is a mechanics which involve the compound interest factors to express cash flows (payments) occurring at different times to…
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Political economics 5 min read
International Political Economy
International political economy studies problems that arise from or are affected by the interaction of international politics, international economics, and…
Engineering economy 2 min read
Spreadsheets for economic analysis
In economic analysis spreadsheets may be helpful for a number of purposes: · Constructing tables of cash flows · Using annuity functions…
Engineering economy 2 min read
Nominal and Effective Interest
An interest rate takes two forms: nominal interest rate and effective interest rate. The nominal interest rate does not take…
Engineering economy 1 min read
Arithmetic Gradient Series
Suppose that there is a series of “n” payments uniformly spaced but differing from one period to the next by…
Engineering economy 2 min read
Uniform annual series and future value
Suppose that there is a series of “n” uniform payments, uniform in amount and uniformly spaced, such as a payment…
Engineering economy 2 min read
Interest and Equivalence
Simple interest, as opposed to compound interest, is rare. With an investment that pays simple interest, the amount of interest…
Engineering economy 2 min read
Making Economic Decisions
Selecting an appropriate criterion (or criteria) for selecting among competing alternatives is a critical step in engineering decision making. If…
Engineering economy 3 min read
Engineering Costs and Cost Estimating
An engineering economic analysis may involve many types of costs. Here is a list of cost types, including definitions and…
Development economics 5 min read
Land Acquisition and Development
Land acquisition for developmental purposes, i.e., for making roads, constructing dams and irrigation canals, establishing manufacturing industries and for urban…
