Fall2011_Class1

Fall2011_Class1 - The Toolbox Approach Like a physical...

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Click to edit Master subtitle style ISE 2014 Engineering Econ Fall 2011 Class 1
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The Team Instructor Kevin Grove (kgrove@vt.edu) Coursework GTA Rico Bumbaca (rbumbaca@vt.edu) Jong Yung Lee Kyunghui Oh Nevin Mutlu
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The Course Objectives Understand how to use money and interest rates to model financial decisions Acquire a toolbox for handling financial decisions on a project
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The Syllabus
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The Toolbox Approach As the semester progresses, your toolbox and the scope of problems you can handle will grow As the instructor, its my responsibility to both provide you with the tools and help
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Unformatted text preview: The Toolbox Approach Like a physical tool, practice is the only way to truly become proficient! Money and Interest Which do you think is older? Hint : We have records of one dating back to 1600BC and the other to 600BC Answer: Interest 1,600 BC in Sippar (Mesopotamia) Why do these matter? Finance isnt just for accounting departments! Its the most practical method we have for analyzing decisions Money allows us to quantify the costs and benefits of decisions Interest allows us make valid Next class - Money For Next Class: Read Chapter 1 (short)...
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This note was uploaded on 08/22/2011 for the course ISE 2014 at Virginia Tech.

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Fall2011_Class1 - The Toolbox Approach Like a physical...

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