Business Economics - Learn to Evaluate Your Startup Business
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About This Course
Engineering economics, previously known as engineering economy, is a subset of economics concerned with the use and "application of economic principles" in the analysis of engineering decisions. As a discipline, it is focused on the branch of economics known as microeconomics in that it studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Thus, it focuses on the decision-making process, its context and the environmentAs a discipline though, it is closely related to others such as statistics, mathematics, and cost accounting. It draws ...