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Engineering economics

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1326:, in relation to engineering economics, is the proper usage and utilization of capital to achieve project objectives. It can be fully defined by the statement; "... as the series of decisions by individuals and firms concerning how much and where resources will be obtained and expended to meet future objectives." This definition almost perfectly explains capital and its general relation to engineering, though some special cases may not lend themselves to such a concise explanation. The actual acquisition of that capital has many different routes, from equity to bonds to retained profits, each having unique strengths and weakness, especially when in relation to income taxation. Factors such as risk of capital loss, along with possible or expected returns must also be considered when capital budgeting is underway. For example, if a company has $ 20,000 to invest in a number of high, moderate, and low risk projects, the decision would depend upon how much risk the company is willing to take on, and if the returns offered by each category offset this perceived risk. Continuing with this example, if the high risk offered only 20% return, while the moderate offered 19% return, engineers and managers would most likely choose the moderate risk project, as its return is far more favorable for its category. The high risk project failed to offer proper returns to warrant its risk status. A more difficult decision may be between a moderate risk offering 15% while a low risk offering 11% return. The decision here would be much more subject to factors such as company policy, extra available capital, and possible investors. 1180:
nonetheless important, and allows engineers to properly manage new and existing systems/processes to make them more simple and save money and time. Further, value analysis helps combat common "roadblock excuses" that may trip up managers or engineers. Sayings such as "The customer wants it this way" are retorted by questions such as; has the customer been told of cheaper alternatives or methods? "If the product is changed, machines will be idle for lack of work" can be combated by; can management not find new and profitable uses for these machines? Questions like these are part of engineering economy, as they preface any real studies or analyses.
1209:. Equity capital is money already at the disposal of the business, and mainly derived from profit, and therefore is not of much concern, as it has no owners that demand its return with interest. Debt capital does indeed have owners, and they require that its usage be returned with "profit", otherwise known as interest. The interest to be paid by the business is going to be an expense, while the capital lenders will take interest as a profit, which may confuse the situation. To add to this, each will change the income tax position of the participants. 1421:
engineers have little interaction with. Therefore, the studies conducted in engineering economics are for specific companies and limited projects inside those companies. At most one may expect to find some feasibility studies done by private firms for the government or another business, but these again are in stark contrast to the overarching nature of true economic studies. Studies have a number of major steps that can be applied to almost every type of situation, those being as follows;
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The compound interest tables yield a different factor for different types of analysis in this scenario. If the company wishes to know the Net Present Benefit (NPB) of these benefits; then the factor is the P/A of 8 yrs at 5%. This is 6.463. If the company wishes to know the future worth of these benefits; then the factors is the F/A of 8 yrs at 5%; which is 9.549. The former gives a NPB of $ 16,157.50, while the latter gives a future value of $ 23,872.50.
53: 1330:"In general, the firm should estimate the project opportunities, including investment requirements and prospective rates of return for each, expected to be available for the coming period. Then the available capital should be tentatively allocated to the most favorable projects. The lowest prospective rate of return within the capital available then becomes the minimum acceptable rate of return for analyses of any projects during that period." 3420: 3384: 3409: 1171:
capital movements in a specific project. The most critical of these "paths" are determined to be those that have an effect upon the outcome both in time and cost. Therefore, the critical paths must be determined and closely monitored by engineers and managers alike. Engineering economics helps provide the Gantt charts and activity-event networks to ascertain the correct use of time and resources.
880: 868: 1270:. The idea and existence of depreciation becomes especially relevant to engineering and project management is the fact that capital equipment and assets used in operations will slowly decrease in worth, which will also coincide with an increase in the likelihood of machine failure. Hence the recording and calculation of depreciation is important for two major reasons. 3396: 1304:. The first method being perhaps the easiest to calculate, while the remaining have varying levels of difficulty and utility. Most situations faced by managers in regards to depreciation can be solved using any of these formulas, however, company policy or preference of individual may affect the choice of model. 1241:
A much more applicable example is one with a certain piece of equipment that will yield benefit for a manufacturing operation over a certain period of time. For instance, the machine benefits the company $ 2,500.00 every year, and has a useful life of 8 years. The MARR is determined to be roughly 5%.
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Interest and money time relationships come into play when the capital required to complete a project must be either borrowed or derived from reserves. To borrow brings about the question of interest and value created by the completion of the project. While taking capital from reserves also denies its
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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 environment. It is pragmatic by nature, integrating economic theory with engineering practice. But, it is also a
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Engineers often utilize compound interest tables to determine the future or present value of capital. These tables can also be used to determine the effect annuities have on loans, operations, or other situations. All one needs to utilize a compound interest table is three things; the time period of
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Some examples of engineering economic problems range from value analysis to economic studies. Each of these is relevant in different situations, and most often used by engineers or project managers. For example, engineering economic analysis helps a company not only determine the difference between
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Both of these reasons, however, cannot make up for the "fleeting" nature of depreciation, which make direct analysis somewhat difficult. To further add to the issues associated with depreciation, it must be broken down into three separate types, each having intricate calculations and implications.
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Using the compound interest tables mentioned above, an engineer or manager can quickly determine the value of capital over a certain time period. For example, a company wishes to borrow $ 5,000.00 to finance a new machine, and will need to repay that loan in 5 years at 7%. Using the table, 5 years
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Being one of the most important and integral operations in the engineering economic field is the minimization of cost in systems and processes. Time, resources, labor, and capital must all be minimized when placed into any system, so that revenue, product, and profit can be maximized. Hence, the
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Each of the previous components of engineering economics is critical at certain junctures, depending on the situation, scale, and objective of the project at hand. Critical path economy, as an example, is necessary in most situations as it is the coordination and planning of material, labor, and
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is the use of mathematical methods to find optimized solutions, whether they be minimized or maximized in nature. This method uses a series of lines to create a polygon then to determine the largest, or smallest, point on that shape. Manufacturing operations often use linear programming to help
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Proper value analysis finds its roots in the need for industrial engineers and managers to not only simplify and improve processes and systems, but also the logical simplification of the designs of those products and systems. Though not directly related to engineering economy, value analysis is
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seek solutions to problems, and along with the technical aspects, the economic viability of each potential solution is normally considered from a specific viewpoint that reflects its economic utility to a constituency. Fundamentally, engineering economics involves formulating, estimating, and
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Economic studies, which are much more common outside of engineering economics, are still used from time to time to determine feasibility and utility of certain projects. They do not, however, truly reflect the "common notion" of economic studies, which is fixated upon macroeconomics, something
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Considering the prevalence of capital to be lent for a certain period of time, with the understanding that it will be returned to the investor, money-time relationships analyze the costs associated with these types of actions. Capital itself must be divided into two different categories,
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and 7% gives the factor of 1.403, which will be multiplied by $ 5,000.00. This will result in $ 7,015.00. This is of course under the assumption that the company will make a lump payment at the conclusion of the five years, not making any payments prior.
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These scenarios are extremely simple in nature, and do not reflect the reality of most industrial situations. Thus, an engineer must begin to factor in costs and benefits, then find the worth of the proposed machine, expansion, or facility.
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simplified application of microeconomic theory in that it assumes elements such as price determination, competition and demand/supply to be fixed inputs from other sources. As a discipline though, it is closely related to others such as
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the analysis, the minimum attractive rate of return (MARR), and the capital value itself. The table will yield a multiplication factor to be used with the capital value, this will then give the user the proper future or present value.
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There are a great number of cost analysis formulas, each for particular situations and are warranted by the policies of the company in question, or the preferences of the engineer at hand.
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of making one choice over another must also be considered. There are also non-economic factors to be considered, like color, style, public image, etc.; such factors are termed
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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
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fixed and incremental costs of certain operations, but also calculates that cost, depending upon a number of variables. Further uses of engineering economics include:
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Comparison between actual and projected performance - Verify savings, review failures, to ensure that proposals were valid, and to add to future studies.
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Objectivity of the analyst - To ensure the individual that advanced proposals or conducted analysis was not biased toward certain outcomes.
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The fact that assets and material in the real world eventually wear down, and thence break, is a situation that must be accounted for.
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Dharmaraj, E.. Engineering Economics. Mumbai, IN: Himalaya Publishing House, 2009. ProQuest ebrary. Web. 9 November 2016.
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To enable depreciation to be charged against profits that, like other costs, can be used for income taxation purposes.
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Morris, W. Thomas. (1960). Engineering economy: the analysis of management decisions. Homewood, Ill.: R. D. Irwin.
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is often forgotten, but is important, and is either the net cost or revenue for decommissioning the project.
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The main form of depreciation used inside the U.S. is the Modified Accelerated Capital Recovery System (
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in the simplest terms is defined by the multiplication of the principle, the units of time, and the
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itself is defined by the decreasing of value of any given asset, though some exceptions do exist.
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evaluating the economic outcomes when alternatives to accomplish a defined purpose are available.
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The economics of the management, operation, and growth and profitability of engineering firms;
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Planning and screening - Mainly reviewing objectives and issues that may be encountered.
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The development, marketing, and financing of new engineering technologies and products.
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To give an estimate of "recovery capital" that has been put back into the property.
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can be considered the basis for depreciation in a basic sense, as any decrease in
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that is either a fixed number of years or the estimated life of the project. The
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Engineering Firms: A Survey Of Factors Affecting Their Growth & Performance
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curricula, engineering economics is a required course. It is a topic on the
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Estimating - Speculating as to the magnitude of costs and other variables.
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life is fulfilled, just that it can no longer be used for tax deductions.
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Undergraduate Programs Civil, Construction, and Environmental Engineering
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Reference to standard economic studies - Consultation of standard forms.
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Various economic studies in relation to both public and private ventures
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Some other topics that may be addressed in engineering economics are
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DeGarmo E., Canada J., Engineering Economy, fifth edition, 1973.
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For the application of engineering economics in the practice of
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Calculation of depreciation also comes in a number of forms;
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Normal depreciation, due to physical or functional losses.
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Engineering product markets and demand influences; and
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Optimal Switching Times for Season and Single Tickets
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Depletion, due to the use of all available resources.
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usage on other projects that may yield more results.
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straight line, declining balance, sum-of-the-year's,
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Economic Studies, both Private and Public in Nature
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Price depreciation, due to changes in market value.
1192:mitigate costs and maximize profits or production. 991:is central to most engineering economic analyses. 1383: 1008:For each problem, there are usually many possible 1233:Examples of Present, Future, and Annuity Analysis 1603:Engineering Economics for Aviation and Aerospace 1463: 1461: 1459: 1457: 1455: 1453: 1434:Reliability - The ability to properly estimate. 1090:Since engineering is an important part of the 2757: 1649: 1040:are considered, for each alternative, for an 1005:, except in the most basic economic studies. 904: 8: 1625:: CS1 maint: multiple names: authors list ( 1601:Vasigh, Bijan, and Javad Gorjidooz. 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Paul (1973). 1520:. 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1948:Organizational 1945: 1940: 1935: 1930: 1925: 1920: 1915: 1910: 1905: 1900: 1895: 1890: 1885: 1880: 1875: 1870: 1865: 1860: 1855: 1850: 1847: 1842: 1837: 1832: 1827: 1822: 1817: 1812: 1807: 1802: 1796: 1795: 1794: 1792: 1786: 1785: 1783: 1782: 1777: 1772: 1771: 1770: 1759: 1757: 1751: 1750: 1748: 1747: 1742: 1737: 1736: 1735: 1725: 1720: 1715: 1713:Macroeconomics 1710: 1709: 1708: 1703: 1698: 1693: 1688: 1681:Microeconomics 1677: 1675: 1669: 1668: 1663: 1661: 1660: 1653: 1646: 1638: 1632: 1631: 1611: 1596: 1593: 1591: 1590: 1575: 1555: 1534: 1522: 1503: 1478: 1469: 1448: 1446: 1443: 1442: 1441: 1438: 1435: 1432: 1429: 1426: 1417: 1414: 1380: 1377: 1374: 1370: 1366: 1363: 1360: 1357: 1354: 1351: 1336: 1333: 1320: 1317: 1302:service output 1294: 1293: 1290: 1287: 1279: 1278: 1275: 1268:original value 1251: 1248: 1234: 1231: 1203:equity capital 1197: 1194: 1185: 1182: 1176: 1175:Value Analysis 1173: 1168: 1167: 1164: 1161: 1158: 1155: 1152: 1149: 1146: 1143: 1140: 1135: 1134:Value analysis 1126: 1123: 1122: 1121: 1116: 1113: 1110: 1103: 1094:sector of the 947:microeconomics 919: 918: 916: 915: 908: 901: 893: 890: 889: 888: 887: 875: 860: 859: 856: 855: 850: 840: 835: 829: 824: 823: 820: 819: 814: 813: 806: 801: 796: 791: 786: 781: 776: 771: 766: 761: 756: 751: 746: 741: 736: 731: 726: 721: 716: 711: 706: 701: 696: 691: 686: 681: 676: 671: 666: 661: 656: 651: 646: 641: 636: 631: 626: 621: 616: 611: 606: 601: 596: 591: 586: 581: 576: 571: 566: 561: 556: 551: 546: 541: 536: 531: 526: 521: 516: 511: 506: 501: 496: 491: 486: 481: 476: 470: 469: 468: 462: 461: 458: 457: 454: 453: 448: 443: 438: 433: 428: 423: 418: 413: 408: 399: 394: 389: 384: 379: 374: 372:Organizational 369: 364: 359: 354: 349: 344: 339: 334: 329: 324: 319: 314: 309: 304: 299: 294: 289: 284: 279: 274: 269: 264: 259: 254: 249: 244: 239: 234: 229: 224: 218: 216:By application 215: 214: 211: 210: 207: 206: 201: 196: 191: 186: 181: 176: 171: 166: 161: 155: 152: 151: 148: 147: 144: 143: 138: 133: 128: 123: 118: 109: 104: 99: 94: 88: 82: 81: 78: 77: 76: 75: 70: 65: 57: 56: 48: 47: 41: 40: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 3479: 3468: 3465: 3463: 3460: 3458: 3455: 3453: 3450: 3448: 3445: 3444: 3442: 3427: 3426: 3421: 3417: 3415: 3410: 3405: 3403: 3402: 3393: 3391: 3390: 3381: 3380: 3377: 3371: 3368: 3366: 3365:Human science 3363: 3361: 3360: 3356: 3354: 3351: 3350: 3348: 3344: 3338: 3335: 3334: 3332: 3328: 3322: 3321:Vegan studies 3319: 3317: 3314: 3310: 3307: 3305: 3302: 3301: 3300: 3297: 3295: 3292: 3290: 3287: 3285: 3284:Public health 3282: 3280: 3277: 3275: 3272: 3270: 3267: 3263: 3260: 3258: 3255: 3253: 3250: 3249: 3247: 3243: 3240: 3238: 3235: 3233: 3230: 3228: 3225: 3223: 3220: 3219: 3218:Philosophies 3217: 3215: 3214:Media studies 3212: 3210: 3207: 3205: 3202: 3200: 3197: 3195: 3192: 3190: 3189:Human ecology 3187: 3185: 3182: 3180: 3177: 3175: 3172: 3170: 3167: 3165: 3162: 3158: 3155: 3153: 3150: 3149: 3147: 3145: 3142: 3140: 3137: 3135: 3132: 3130: 3127: 3125: 3122: 3120: 3117: 3115: 3112: 3110: 3107: 3105: 3102: 3100: 3099:Anthrozoology 3097: 3093: 3090: 3088: 3085: 3084: 3082: 3081: 3079: 3075: 3067: 3064: 3062: 3059: 3057: 3054: 3052: 3049: 3047: 3044: 3043: 3042: 3039: 3035: 3032: 3030: 3027: 3025: 3024:developmental 3022: 3020: 3017: 3015: 3012: 3011: 3010: 3007: 3003: 3000: 2998: 2997:public policy 2995: 2993: 2990: 2988: 2985: 2983: 2980: 2979: 2978: 2975: 2971: 2968: 2967: 2966: 2963: 2959: 2956: 2954: 2951: 2949: 2948:legal systems 2946: 2944: 2943:legal history 2941: 2939: 2938:jurisprudence 2936: 2935: 2934: 2931: 2927: 2924: 2922: 2919: 2917: 2914: 2912: 2909: 2907: 2904: 2902: 2899: 2897: 2894: 2893: 2892: 2889: 2885: 2882: 2880: 2877: 2875: 2872: 2870: 2867: 2866: 2865: 2862: 2858: 2855: 2853: 2850: 2848: 2845: 2843: 2840: 2839: 2838: 2835: 2831: 2828: 2826: 2823: 2821: 2818: 2816: 2813: 2812: 2811: 2808: 2807: 2805: 2801: 2795: 2792: 2790: 2787: 2785: 2782: 2781: 2778: 2774: 2767: 2762: 2760: 2755: 2753: 2748: 2747: 2744: 2733: 2730: 2728: 2725: 2723: 2720: 2718: 2715: 2713: 2710: 2708: 2705: 2702: 2694: 2691: 2688: 2684: 2681: 2679: 2676: 2674: 2671: 2670: 2666: 2664: 2660: 2654: 2653: 2649: 2647: 2644: 2642: 2639: 2637: 2634: 2632: 2629: 2627: 2624: 2622: 2619: 2617: 2614: 2612: 2609: 2607: 2604: 2602: 2599: 2597: 2594: 2592: 2589: 2587: 2584: 2582: 2579: 2577: 2574: 2572: 2569: 2567: 2564: 2562: 2559: 2557: 2554: 2552: 2549: 2547: 2544: 2542: 2539: 2537: 2534: 2532: 2529: 2527: 2524: 2522: 2519: 2517: 2514: 2512: 2509: 2507: 2504: 2502: 2499: 2497: 2494: 2492: 2489: 2487: 2484: 2482: 2479: 2477: 2474: 2472: 2469: 2467: 2464: 2462: 2459: 2457: 2454: 2452: 2449: 2447: 2444: 2442: 2439: 2437: 2434: 2432: 2429: 2427: 2424: 2422: 2419: 2417: 2414: 2412: 2409: 2407: 2404: 2402: 2399: 2397: 2394: 2392: 2389: 2387: 2384: 2382: 2379: 2377: 2374: 2372: 2369: 2367: 2364: 2362: 2359: 2357: 2354: 2352: 2349: 2347: 2344: 2342: 2339: 2337: 2334: 2332: 2329: 2327: 2324: 2322: 2319: 2317: 2316:de Mandeville 2314: 2313: 2311: 2307: 2302: 2296: 2293: 2291: 2288: 2286: 2283: 2281: 2278: 2276: 2273: 2271: 2268: 2264: 2261: 2260: 2259: 2258:New classical 2256: 2252: 2249: 2248: 2247: 2244: 2242: 2239: 2237: 2234: 2230: 2227: 2226: 2225: 2222: 2220: 2217: 2215: 2214:Malthusianism 2212: 2206: 2203: 2202: 2201: 2198: 2196: 2193: 2190: 2186: 2183: 2182: 2181: 2178: 2176: 2175:Institutional 2173: 2171: 2168: 2166: 2163: 2161: 2158: 2156: 2153: 2151: 2148: 2146: 2143: 2141: 2138: 2136: 2133: 2131: 2128: 2126: 2123: 2121: 2118: 2116: 2113: 2109: 2106: 2105: 2104: 2101: 2099: 2096: 2094: 2091: 2089: 2086: 2082: 2079: 2078: 2077: 2074: 2072: 2069: 2067: 2064: 2062: 2059: 2057: 2054: 2053: 2051: 2046: 2041: 2036: 2028: 2025: 2023: 2020: 2018: 2015: 2013: 2010: 2008: 2005: 2003: 2000: 1998: 1995: 1993: 1990: 1988: 1985: 1983: 1979: 1978:Public choice 1976: 1974: 1971: 1969: 1966: 1964: 1961: 1959: 1956: 1954: 1953:Participation 1951: 1949: 1946: 1944: 1941: 1939: 1936: 1934: 1931: 1929: 1926: 1924: 1921: 1919: 1916: 1914: 1913:Institutional 1911: 1909: 1906: 1904: 1901: 1899: 1896: 1894: 1891: 1889: 1886: 1884: 1881: 1879: 1876: 1874: 1871: 1869: 1866: 1864: 1863:Expeditionary 1861: 1859: 1856: 1854: 1853:Environmental 1851: 1848: 1846: 1843: 1841: 1838: 1836: 1833: 1831: 1828: 1826: 1823: 1821: 1818: 1816: 1813: 1811: 1808: 1806: 1803: 1801: 1798: 1797: 1793: 1791: 1787: 1781: 1778: 1776: 1773: 1769: 1766: 1765: 1764: 1761: 1760: 1758: 1756: 1752: 1746: 1743: 1741: 1738: 1734: 1731: 1730: 1729: 1726: 1724: 1721: 1719: 1716: 1714: 1711: 1707: 1704: 1702: 1699: 1697: 1694: 1692: 1689: 1687: 1684: 1683: 1682: 1679: 1678: 1676: 1674: 1670: 1666: 1659: 1654: 1652: 1647: 1645: 1640: 1639: 1636: 1628: 1622: 1614: 1608: 1604: 1599: 1598: 1594: 1586: 1579: 1576: 1570: 1568: 1566: 1564: 1562: 1560: 1556: 1553: 1549: 1545: 1544: 1538: 1535: 1531: 1526: 1523: 1519: 1515: 1512: 1507: 1504: 1499: 1492: 1490: 1482: 1479: 1473: 1470: 1464: 1462: 1460: 1458: 1456: 1454: 1450: 1444: 1439: 1436: 1433: 1430: 1427: 1424: 1423: 1422: 1415: 1413: 1410: 1408: 1404: 1400: 1396: 1391: 1378: 1375: 1372: 1368: 1364: 1361: 1358: 1355: 1352: 1349: 1341: 1334: 1331: 1327: 1325: 1318: 1316: 1314: 1310: 1305: 1303: 1299: 1291: 1288: 1285: 1284: 1283: 1276: 1273: 1272: 1271: 1269: 1265: 1261: 1257: 1249: 1247: 1243: 1239: 1232: 1230: 1226: 1224: 1220: 1219:interest rate 1216: 1210: 1208: 1204: 1195: 1193: 1190: 1183: 1181: 1174: 1172: 1165: 1162: 1159: 1156: 1153: 1150: 1147: 1144: 1141: 1139: 1136: 1133: 1132: 1131: 1124: 1120: 1117: 1114: 1111: 1108: 1104: 1101: 1100: 1099: 1097: 1093: 1092:manufacturing 1088: 1086: 1082: 1078: 1074: 1070: 1066: 1062: 1058: 1054: 1049: 1047: 1046:salvage value 1043: 1039: 1035: 1031: 1029: 1025: 1024: 1019: 1015: 1011: 1006: 1004: 1003:interest rate 1000: 999: 994: 990: 985: 983: 979: 975: 970: 967: 963: 961: 957: 953: 948: 944: 940: 936: 930: 926: 914: 909: 907: 902: 900: 895: 894: 892: 891: 886: 876: 874: 869: 864: 863: 862: 861: 854: 851: 848: 844: 841: 839: 836: 834: 831: 830: 827: 822: 821: 812: 811: 807: 805: 802: 800: 797: 795: 792: 790: 787: 785: 782: 780: 777: 775: 772: 770: 767: 765: 762: 760: 757: 755: 752: 750: 747: 745: 742: 740: 737: 735: 732: 730: 727: 725: 722: 720: 717: 715: 712: 710: 707: 705: 702: 700: 697: 695: 692: 690: 687: 685: 682: 680: 677: 675: 672: 670: 667: 665: 662: 660: 657: 655: 652: 650: 647: 645: 642: 640: 637: 635: 632: 630: 627: 625: 622: 620: 617: 615: 612: 610: 607: 605: 602: 600: 597: 595: 592: 590: 587: 585: 582: 580: 577: 575: 572: 570: 567: 565: 562: 560: 557: 555: 552: 550: 547: 545: 542: 540: 537: 535: 532: 530: 527: 525: 522: 520: 517: 515: 512: 510: 507: 505: 502: 500: 497: 495: 492: 490: 487: 485: 482: 480: 477: 475: 474:de Mandeville 472: 471: 466: 460: 459: 452: 449: 447: 444: 442: 439: 437: 434: 432: 429: 427: 424: 422: 419: 417: 414: 412: 409: 407: 403: 402:Public choice 400: 398: 395: 393: 390: 388: 385: 383: 380: 378: 377:Participation 375: 373: 370: 368: 365: 363: 360: 358: 355: 353: 350: 348: 345: 343: 340: 338: 337:Institutional 335: 333: 330: 328: 325: 323: 320: 318: 315: 313: 310: 308: 305: 303: 300: 298: 295: 293: 290: 288: 287:Expeditionary 285: 283: 280: 278: 277:Environmental 275: 273: 270: 268: 265: 263: 260: 258: 255: 253: 250: 248: 245: 243: 240: 238: 235: 233: 230: 228: 225: 223: 220: 219: 213: 212: 205: 202: 200: 197: 195: 192: 190: 187: 185: 182: 180: 177: 175: 172: 170: 167: 165: 162: 160: 157: 156: 150: 149: 142: 139: 137: 134: 132: 129: 127: 124: 122: 119: 117: 113: 110: 108: 107:International 105: 103: 100: 98: 95: 93: 90: 89: 86: 83:Branches and 80: 79: 74: 71: 69: 66: 64: 61: 60: 59: 58: 54: 50: 49: 46: 42: 38: 34: 33: 30: 19: 3423: 3399: 3387: 3357: 3164:Food studies 3104:Area studies 2857:mathematical 2852:econometrics 2810:Anthropology 2727:Publications 2683:Publications 2650: 2246:Neoclassical 2236:Mercantilism 2145:Evolutionary 2007:Sociological 1980: / 1878:Geographical 1858:Evolutionary 1835:Digitization 1800:Agricultural 1763:Econometrics 1691:Price theory 1602: 1584: 1578: 1541: 1537: 1529: 1525: 1506: 1488: 1481: 1472: 1419: 1411: 1406: 1402: 1398: 1394: 1392: 1342: 1338: 1329: 1322: 1306: 1301: 1297: 1295: 1280: 1267: 1263: 1256:Depreciation 1253: 1244: 1240: 1236: 1227: 1211: 1207:debt capital 1206: 1202: 1199: 1187: 1178: 1169: 1128: 1089: 1061:depreciation 1050: 1045: 1041: 1037: 1033: 1032: 1027: 1021: 1017: 1013: 1010:alternatives 1009: 1007: 997: 986: 971: 964: 938: 934: 933: 843:Publications 808: 431:Sociological 404: / 302:Geographical 282:Evolutionary 271: 257:Digitization 222:Agricultural 126:Mathematical 97:Econometrics 29: 3425:Wikiversity 3316:Social work 3204:Linguistics 3129:Criminology 3046:criminology 3029:personality 2987:comparative 2965:Linguistics 2958:private law 2815:archaeology 2521:von Neumann 2290:Supply-side 2275:Physiocracy 2219:Marginalism 1908:Information 1849:Engineering 1830:Development 1825:Demographic 1696:Game theory 1673:Theoretical 1109:and issues; 1073:tax credits 1057:uncertainty 1036:as well as 956:mathematics 679:von Neumann 332:Information 272:Engineering 252:Development 247:Demographic 189:Game theory 131:Methodology 3441:Categories 3370:Humanities 3304:historical 3237:psychology 3209:Management 3051:demography 3009:Psychology 2992:philosophy 2953:public law 2884:integrated 2678:Economists 2551:Schumacher 2456:Schumpeter 2426:von Wieser 2346:von ThĂĽnen 2306:Economists 2205:Circuitism 2170:Humanistic 2165:Historical 2140:Ecological 2130:Democratic 2103:Chartalism 2093:Behavioral 2056:Mainstream 2017:Statistics 2012:Solidarity 1933:Managerial 1898:Humanistic 1893:Historical 1840:Ecological 1805:Behavioral 1445:References 1077:accounting 1028:attributes 998:discounted 993:Cash flows 952:statistics 838:Economists 709:Schumacher 614:Schumpeter 584:von Wieser 504:von ThĂĽnen 465:economists 441:Statistics 436:Solidarity 357:Managerial 322:Humanistic 317:Historical 262:Ecological 227:Behavioral 121:Mainstream 3248:Planning 3227:economics 3144:Education 3041:Sociology 3019:cognitive 2970:semiotics 2921:political 2879:technical 2864:Geography 2837:Economics 2596:Greenspan 2561:Samuelson 2541:Galbraith 2511:Tinbergen 2451:von Mises 2446:Heckscher 2406:Edgeworth 2285:Stockholm 2280:Socialist 2180:Keynesian 2160:Happiness 2120:Classical 2081:Mutualism 2076:Anarchist 2061:Heterodox 1958:Personnel 1918:Knowledge 1883:Happiness 1873:Financial 1845:Education 1820:Democracy 1755:Empirical 1665:Economics 1621:cite book 1260:Valuation 1223:annuities 1053:inflation 1016:, is the 1001:using an 966:Engineers 943:economics 754:Greenspan 719:Samuelson 699:Galbraith 669:Tinbergen 609:von Mises 604:Heckscher 564:Edgeworth 382:Personnel 342:Knowledge 307:Happiness 297:Financial 267:Education 242:Democracy 136:Political 102:Heterodox 45:Economics 3389:Category 3257:regional 3252:land use 3087:business 3056:internet 3014:abnormal 2916:military 2906:economic 2896:cultural 2869:physical 2830:physical 2820:cultural 2707:Category 2687:journals 2673:Glossary 2626:Stiglitz 2591:Rothbard 2571:Buchanan 2556:Friedman 2546:Koopmans 2536:Leontief 2516:Robinson 2401:Marshall 2251:Lausanne 2155:Georgism 2150:Feminist 2098:Buddhist 2088:Austrian 1987:Regional 1963:Planning 1938:Monetary 1868:Feminist 1815:Cultural 1810:Business 1514:Archived 1215:Interest 1038:revenues 847:journals 833:Glossary 784:Stiglitz 749:Rothbard 729:Buchanan 714:Friedman 704:Koopmans 694:Leontief 674:Robinson 559:Marshall 463:Notable 411:Regional 387:Planning 362:Monetary 292:Feminist 237:Cultural 232:Business 37:a series 35:Part of 3401:Commons 3232:history 3222:science 3157:studies 2891:History 2803:Primary 2789:History 2784:Outline 2722:Outline 2693:Schools 2685: ( 2646:Piketty 2641:Krugman 2506:Kuznets 2496:Kalecki 2471:Polanyi 2361:Cournot 2356:Bastiat 2341:Ricardo 2331:Malthus 2321:Quesnay 2224:Marxian 2115:Chicago 2045:history 2040:Schools 2027:Welfare 1997:Service 1790:Applied 1096:economy 1020:. The 853:Schools 845: ( 804:Piketty 799:Krugman 664:Kuznets 654:Kalecki 629:Polanyi 519:Cournot 514:Bastiat 499:Ricardo 489:Malthus 479:Quesnay 451:Welfare 421:Service 92:Applied 68:Outline 63:History 3092:public 3034:social 2926:social 2825:social 2631:Thaler 2611:Ostrom 2606:Becker 2601:Sowell 2581:Baumol 2486:Myrdal 2481:Sraffa 2476:Frisch 2466:Knight 2461:Keynes 2436:Fisher 2431:Veblen 2416:Pareto 2396:Menger 2391:George 2386:Jevons 2381:Walras 2371:Gossen 2295:Thermo 1973:Public 1968:Policy 1923:Labour 1888:Health 1609:  1550:  1393:where 1014:choice 927:, see 789:Thaler 769:Ostrom 764:Becker 759:Sowell 739:Baumol 644:Myrdal 639:Sraffa 634:Frisch 624:Knight 619:Keynes 594:Fisher 589:Veblen 574:Pareto 554:Menger 549:George 544:Jevons 539:Walras 529:Gossen 397:Public 392:Policy 347:Labour 312:Health 169:Market 3262:urban 3066:urban 3061:rural 2911:human 2874:human 2794:Index 2717:Lists 2712:Index 2663:Lists 2636:Hoppe 2621:Lucas 2586:Solow 2576:Arrow 2566:Simon 2531:Lange 2526:Hicks 2501:Röpke 2491:Hayek 2441:Pigou 2411:Clark 2326:Smith 2241:Mixed 2200:Post- 2022:Urban 2002:Socio 1992:Rural 1494:(PDF) 1313:MACRS 1309:MACRS 1264:value 1069:taxes 1034:Costs 826:Lists 794:Hoppe 779:Lucas 744:Solow 734:Arrow 724:Simon 689:Lange 684:Hicks 659:Röpke 649:Hayek 599:Pigou 569:Clark 484:Smith 446:Urban 426:Socio 416:Rural 116:Macro 112:Micro 73:Index 3330:List 2652:more 2376:Marx 2366:Mill 2351:List 2229:Neo- 2185:Neo- 1627:link 1607:ISBN 1548:ISBN 1401:and 1300:and 1205:and 995:are 958:and 810:more 534:Marx 524:Mill 509:List 2933:Law 2616:Sen 2336:Say 2195:New 1928:Law 1399:a b 774:Sen 494:Say 352:Law 3443:: 1623:}} 1619:{{ 1558:^ 1496:. 1452:^ 1087:. 1075:, 1071:, 1067:, 1063:, 1055:, 1030:. 954:, 114:/ 39:on 2765:e 2758:t 2751:v 2689:) 2191:) 2187:( 2047:) 2043:( 1657:e 1650:t 1643:v 1629:) 1615:. 1500:. 1491:" 1487:" 1407:x 1403:k 1395:C 1379:k 1376:+ 1373:x 1369:/ 1365:b 1362:+ 1359:x 1356:a 1353:= 1350:C 931:. 912:e 905:t 898:v 849:) 20:)

Index

Economic engineering
a series
Economics

History
Outline
Index
classifications
Applied
Econometrics
Heterodox
International
Micro
Macro
Mainstream
Mathematical
Methodology
Political
JEL classification codes
Economic systems
Economic growth
Market
National accounting
Experimental economics
Computational economics
Game theory
Operations research
Middle income trap
Industrial complex
Agricultural

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