Not too easy. Not too difficult.
This course is deceptively practical. At first, it may seem as if the course is not useful for anyone who is not an industrial engineer. But the economic forecasting and analysis I learned in this class is applicable to many areas of life.
This course taught me many things, but the highlights of the course were as follows: 1. I learned how to evaluate several different alternatives (such as which car do I buy, which machine to replace in the factory, which investment plan or bank account should I choose) over the course of their lifetimes to determine which one provided the best overall value. 2. I learned how to analyze real-world case studies of engineering economic analyses and make recommendations to a hypothetical company as to which course of action it should pursue. 3. I learned how to track the rate of return of investments, expenditures, and other ventures to determine whether they were valuable at a particular interest rate. 4. I learned to calculate the break-even point of a business venture to determine whether it would be worth the investment cost.
Hours per week:
Advice for students:
Read the textbook, study the examples, and pay attention in class. These may seem like generic and cliche suggestions, but they are really all you need. There is no magic silver bullet to doing well in this course or any other. Put in the work, and you will be rewarded.