BS in Engineering Economics & Planning

Engineering Economics is a branch of economics centered on the use and application of economic principles in the analysis of engineering decisions. As a field of study, it is based 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 scarce resources.

 

 
 
TOTAL REQUIRED CREDITS FOR GRADUATION (105 credits)
COLLEGE REQUIREMENTS (21 credits)
CODE DESCRIPTION PREREQUISITE CR.
CSI 200 Computer Literacy ENG 000
3
ENG 201 Composition & Rhetoric I ENG 100 OR ENG 200
3
ENG 202 Composition & Rhetoric II ENG 201
3
ENG 205 English Communication Skills ENG 202
3
HMS 201 Active Learning & Research Methodology ENG 001
3
HMS 301 Western Civilization ENG 201
3
MAT 220 Math For Business & Finance MAT100X OR MAT200X OR MAT 105 OR MAT 106 OR PLACEMENT
3
FREE ELECTIVES (9 credits)
CODE DESCRIPTION PREREQUISITE CR.
ENG 200 Writing Skills ENG 001
3
MAT200X College Algebra PLACEMENT
3
SOS 215 Human Rights ENG 100 OR ENG 200 OR ENG 105
3
BUSINESS REQUIREMENTS (33 credits)
CODE DESCRIPTION PREREQUISITE CR.
ACC 201 Principles Of Accounting I ENG 001
3
ACC201P Problem-Solving for Principles of Accounting I NONE
0
ACC 202 Principles Of Accounting II ACC 201 & (ENG 100 OR ENG 200 OR ENG 105)
3
ACC202P Problem-Solving for Principles of Accounting II NONE
0
ECO 201 Introduction To Microeconomics ENG 100 OR ENG 200 OR ENG 105
3
ECO 202 Introduction To Macroeconomics ENG 100 OR ENG 200 OR ENG 105
3
FIN 301 Finance I ACC 202 & MAT 220
3
FIN301P Problem-Solving for Finance I NONE
0
MGT 210 Management Principles ENG 100 OR ENG 200 OR ENG 105
3
MGT210P Case Study for BMGT Principles NONE
0
MGT 330 Business Law I ENG 201 & (MGT 210 OR HOM 210)
3
MIS 305 Management Information Systems I CSI 201 OR (CSI 200 & MGT 210) OR (TTM 202 & CSI 200) OR (CSI 200 & HOM 210)
3
MKT 201 Principles Of Marketing ENG 100 OR ENG 200 OR ENG 105
3
MKT201P Case Studies for Principles of Marketing NONE
0
STA 210 Statistics & Probability For Business I (ENG 100 OR ENG 200 OR ENG 105) & (MAT200X OR MAT100X)
3
STA 310 Statistics & Probability For Business II (ENG 100 OR ENG 200 OR ENG 105) & STA 210
3
MAJOR REQUIREMENTS (36 credits)
CODE DESCRIPTION PREREQUISITE CR.
BUS 300 Business Computing Junior Standing
1
EEP 301 Advanced Microeconomic Analysis ECO 201
3
EEP 303 Production Economics and Engineering Planning ECO 201 & STA 210
3
EEP 304 International Economics and Globalization ECO 201 & ECO 202
3
EEP 309 Engineering Economics and Decision Making FIN 301
3
EEP 310 Applied Microeconomics and Industrial Organization ECO 201 & STA 310
3
EEP 312 Quantitative Methods for Business Decision Making (MGT 210 OR HOM 210) & STA 210
3
EEP 371 Energy Economics and the Economics of the Environment ECO 201
3
EEP 397 EEP Internship Junior Standing
1
EEP 398 Senior Project Proposal Senior Standing
1
EEP 410 Engineering Economics and Optimization Techniques STA 210 & STA 310
3
EEP 413 Econometrics and Computing Techniques MAT 220 & STA 210
3
EEP 430 Public Policy Analysis, Taxation and Investment ECO 202
3
EEP 499 Senior Study in Engineering Economics and Planning Senior Standing
3
TECHNICAL ELECTIVES (6 credits)
To be selected from courses of numbers 300 and above offered by the Faculty of Business and Economics
Course Descriptions
CSI 200
Computer Literacy
This course is an introductory Non-Technical survey of Computer Systems and a study of the social impact of computers. Topics include introduction to the Hardware components of a computer system, input and output devices, storage devices, communications and connectivity, Internet, security, information systems and deep exposition to software applications such as text editors, spreadsheet, and presentation software.
Prerequisite: ENG 000
ENG 201
Composition & Rhetoric I
This is the students' first major encounter with critical thinking, reading, and writing. Students are exposed to themes from different disciplines and are expected to discuss them, read and write about them. The essay of all its types is the writing format dealt with in the first half. A research paper, 5-10 pages in length, follows in the second half.
Prerequisite: ENG 100 OR ENG 200
ENG 202
Composition & Rhetoric II
In this course, students are expected to engage in deep critical thinking and to construct written arguments in which they decide on a controversial issue. They are helped to think of argument in terms of having an opinion, voicing it persuasively, and supporting it adequately. Hence, they will be analyzing debatable issues appearing in writing and will be introduced to the elements and structure of argument, including the Toulmin model, the rhetorical situation, the traditional categories of claims, the types of proof, logical fallacies and the Rogerian argument. Reading, critical thinking, and writing are taught as integrated processes. There will be essays for analysis, as well as essay topics for development.
Prerequisite: ENG 201
ENG 205
English Communication Skills
Students' communication competence is enhanced by learning the techniques and strategies of public speaking. No other skills are so closely tied to a student's professional success as communication skills. Using what they have learned in other English language courses, students practice and communicate, guided by the fundamental principles of public speaking, and provided with a forum for applying these principles, through a variety of instructional strategies - discussion, class workshops.
Prerequisite: ENG 202
HMS 201
Active Learning & Research Methodology

This is an introductory course that aims at bridging the gap between school and college and develops the student's skills in three areas related to active learning and research methodology. In the first area, the student is introduced to the university's rules and regulations and general guidelines. In the second area, the student hones his/her study skills, namely, developing schedules, improving concentration, developing time-saving test-taking strategies, taking good notes, improving listening and reading skills, and applying strategies to avoid test anxiety. In the third area, the student is introduced to research, armed with the theory, methodology, and techniques of the research process, starting with conceptualization and ending with report writing.

Prerequisite: ENG 001
HMS 301
Western Civilization
This course consists of readings and discussion of the classic great books of Western Civilization, focusing on literary, philosophical, and historical works from ancient Greece and Rome. Readings will be selected from authors such as Homer, Virgil, Ovid, Herodotus, Thucydides, Livy, Tacitus, Plutarch, Plato, Aristotle, Epictetus, Epicurus, Cicero, Seneca, Marcus Aurelius, Plotinus, and Augustine.
Prerequisite: ENG 201
MAT 220
Math For Business & Finance
This is a course for business and economics students. Contents include linear functions and their applications: supply and demand analysis and national income determination, quadratic functions and their applications: revenue, cost, and profit, percentages and progressions, and their applications: scale factors, simple and compound interests, differentiation rules and their applications: optimization of functions and marginal functions, integration techniques and their applications: consumer's surplus and producer's surplus, matrices: operations on matrices and input output analysis.
Prerequisite: MAT100X OR MAT200X OR MAT 105 OR MAT 106 OR PLACEMENT
ENG 200
Writing Skills
This course covers the major components of effective communication in English. Students practice paragraph and essay writing and go over the main grammar rules. In addition, they are expected to participate in oral debates and presentations.
Prerequisite: ENG 001
MAT200X
College Algebra
This is a remedial math course for graphics design students and/or students whose entrance exams indicate the need for a refresher math course. The course content includes solving linear equations, solving quadratic equations, polynomials, rational and radical expressions, and an introduction to logarithms and exponentials.
Prerequisite: PLACEMENT
SOS 215
Human Rights
This course is designed to acquaint students with the theory and practice of human rights. It contemplates the primacy of the human being, explores the developments in international law, and offers practical measures in defending, upholding, and promoting these rights.
Prerequisite: ENG 100 OR ENG 200 OR ENG 105
ACC 201
Principles Of Accounting I
This course introduces students to the basic concepts and techniques of accounting. It deals with different aspects of measuring, classifying, summarizing, reporting, and interpreting financial information within the context of generally accepted accounting principles. Topics include: journals, ledgers, trial balances, worksheets, cash control, bank reconciliation, payables and preparation of financial statements for a sole proprietorship.
Prerequisite: ENG 001
ACC201P
Problem-Solving for Principles of Accounting I
This lab course is developed to enhance the problem-solving skills of the students in the "Principles of Accounting I" course. Students are coached and mentored to utilize critical thinking and problem-solving techniques through complimentary exercises and case studies.
Prerequisite: NONE
ACC 202
Principles Of Accounting II
This course complements the basic concepts and techniques covered in ACC 201. Main emphasis is on the analysis of financial statements, cash flows and fund statements. Moreover, students will be introduced to financial analysis needed for partnerships, organization and operations of corporations, stockholders' equity, bonds, stocks and investment in corporate securities.
Prerequisite: ACC 201 & (ENG 100 OR ENG 200 OR ENG 105)
ACC202P
Problem-Solving for Principles of Accounting II
This lab course is developed to enhance the problem-solving skills of the students in the "Principles of Accounting II" course. Students are coached and mentored to utilize critical thinking and problem-solving techniques through complimentary exercises and case studies.
Prerequisite: NONE
ECO 201
Introduction To Microeconomics
This is an introductory course in economics. It provides students with general information about the functioning of market forces in determining the prices and the level of production in a free market economy. The course introduces the behavior of each firm as a part of the trade in different types of markets. The topics covered in this course include: mechanics of individual prices, demand, supply, elasticity, theory of consumer behavior, costs of production, price and output determination under different market conditions, the employment and pricing of economic resources.
Prerequisite: ENG 100 OR ENG 200 OR ENG 105
ECO 202
Introduction To Macroeconomics
This course introduces the students to the performance of the economy of a country on aggregate basis. It aims to teach how the economics of a nation functions. The students are introduced to national income accounting, inflation, unemployment, the role of taxes, government budgets, banking systems, the monetary policy, international trade, exchange rates and balance of payments deficit and surplus.
Prerequisite: ENG 100 OR ENG 200 OR ENG 105
FIN 301
Finance I
This course focuses on the role of the financial manager in the use of financial concepts and techniques in planning for the acquisition and use of funds to maximize the value of the firm. In addition, it covers taxes, discounted cash flow analysis, sources and uses of funds, valuation models, risk and rates of return, financial analysis, financial forecasting, financial planning and control, working-capital policy, cash and marketable securities management, credit management, inventory management and short-term financing.
Prerequisite: ACC 202 & MAT 220
FIN301P
Problem-Solving for Finance I
This lab course is developed to enhance the problem-solving skills of the students in the "Finance I" course. Students are coached and mentored to utilize critical thinking and problem-solving techniques through complimentary exercises and case studies.
Prerequisite: NONE
MGT 210
Management Principles
This course provides students with fundamental knowledge in the field of management; the historical approaches, which influence today's management; the management functions that include planning, organizing, leading and controlling; and, contemporary management theories, practices and the role of managers in modern organizations. Real life cases are analyzed to acquaint students with the critical thinking approach.
Prerequisite: ENG 100 OR ENG 200 OR ENG 105
MGT210P
Case Study for BMGT Principles
This course is developed to enhance the problem-solving skills of the students in the "Management Principles" course. Students are coached and mentored to utilize critical thinking and problem-solving techniques through complimentary exercises and case studies.
Prerequisite: NONE
MGT 330
Business Law I
The main objective of this course is to provide a solid background in Lebanese commercial law. Topics include the nature of the law, the courts systems, contracts, property sales and secured transactions, insurance, commercial paper, agency, partnership, corporations, bailment, bankruptcy and banking operations. It also covers the main rules governing the very dynamic Lebanese social security and income tax legislation. The theoretical study is complemented with practical cases and jurisprudence as compared to international business law, particularly to the American business law.
Prerequisite: ENG 201 & (MGT 210 OR HOM 210)
MIS 305
Management Information Systems I
This course is an introduction to the MIS discipline. It covers the fundamentals of Information Technology, management structures and basic business operations. The goal of this course is to help business students learn how to use and manage information technologies to revitalize business processes, improve business decision making and gain competitive advantage.
Prerequisite: CSI 201 OR (CSI 200 & MGT 210) OR (TTM 202 & CSI 200) OR (CSI 200 & HOM 210)
MKT 201
Principles Of Marketing
An introductory course which describes the field of Marketing and the operation of marketing systems. It focuses on topics such as marketing environment, market regulation, strategies, targeting, product-mix, labeling, branding, packaging, pricing, distribution and promotional programs.
Prerequisite: ENG 100 OR ENG 200 OR ENG 105
MKT201P
Case Studies for Principles of Marketing
Prerequisite: NONE
STA 210
Statistics & Probability For Business I
This course is an introduction to statistics and probability. Contents include methods used in collection, organization, presentation and analysis of data for the purpose of better business decisions. It introduces deductive and inferential statistics and probability. The course includes applications using computerized software such as MegaStat and SPSS
Prerequisite: (ENG 100 OR ENG 200 OR ENG 105) & (MAT200X OR MAT100X)
STA 310
Statistics & Probability For Business II
This course is an advanced statistics course that builds on the probability theory developed in STA 210. Contents include point and interval estimations, testing hypothesis, non-parametric methods, goodness of fit, experimental design, analysis of variance and covariance, regression and correlation. The course includes applications using computerized software such as MegaStat and SPSS
Prerequisite: (ENG 100 OR ENG 200 OR ENG 105) & STA 210
BUS 300
Business Computing
This course is designed for students to acquire intermediate and advanced skills in Microsoft Excel as well as Statistical Product & Service Solutions (SPSS) software. This course is divided into two stages providing hands-on practical applications. Problems from the business field are solved using the advanced features of the two application software dedicating 50% for each application. Topics include a variety of business applications such as: Excel: financial modeling and reporting, charts, analytical tools and scenario analysis, and Pivot tables for decision-making; SPSS: Quantitative techniques such as Descriptive and Causal statistics covering Probability Distribution Tables and related chart graphics, Crosstabs, Correlation Analysis, & Regression Analysis, and Qualitative techniques such as Chi-square Analysis for hypotheses testing.
Prerequisite: Junior Standing
EEP 301
Advanced Microeconomic Analysis
This course emphasizes the microeconomic theory necessary for welfare analysis, public goods, externalities, imperfect markets and indivisibility in consumption.
Prerequisite: ECO 201
EEP 303
Production Economics and Engineering Planning

This course introduces students to production economics theory and the theory of the firm. Technical aspects of production and input requirements are discussed along with the common notions of production costs, product supply and other output side issues.

Prerequisite: ECO 201 & STA 210
EEP 304
International Economics and Globalization
This course introduces students to the needed micro and macro-economic theories for International Trade policy analysis. Emphasis will be on trade policies, trade treaties, trade institutions, and trade programs.
Prerequisite: ECO 201 & ECO 202
EEP 309
Engineering Economics and Decision Making
This course focuses on the analysis of engineering decisions, principles and methodology of comparing decision alternatives, such as various engineering designs, manufacturing equipment, or industrial projects. Moreover, dealing with uncertainty and risk; rational decision making when future outcomes are uncertain are main components of this course. In addition, concepts of time value of money, effects of depreciation, inflation and taxation of economic decisions, cost benefit analysis of public projects are addressed and applied.
Prerequisite: FIN 301
EEP 310
Applied Microeconomics and Industrial Organization
The objective of this course is to understand the process of integrating the economic theory and methodology with the analytical tools of econometrics and mathematical economics. Furthermore, emphasis is set on the process of resource allocation decisions such as production and cost analysis, capital budgeting, profit measurement, economic optimization and decision making under certainty.
Prerequisite: ECO 201 & STA 310
EEP 312
Quantitative Methods for Business Decision Making
A survey of deterministic and probabilistic models used in operations research and management science. Topics include: linear programming, simplex method, duality, sensitivity, critical path analysis, network flow, transportation problem, inventory models, queuing theory and simulation.
Prerequisite: (MGT 210 OR HOM 210) & STA 210
EEP 371
Energy Economics and the Economics of the Environment
This course is intended to address economic solutions for today's environment. It entails a heavy emphasis on the economic theory essential to address and analyze environmental problems.
Prerequisite: ECO 201
EEP 397
EEP Internship
This is a two-month full-time business practical internship that should take place at a business establishment outside the university. A student presents a report by the end of this training period, then he/she makes a public presentation exposing his/her training experience.
Prerequisite: Junior Standing
EEP 398
Senior Project Proposal
Seminar on research methodologies and preparation of the senior design outline. The main concentration is on the planning and the design of the Senior Project proposal. Emphasis is placed on literature review, problem definition, project planning and financial analysis, written and oral communication skills, teamwork, development of structural specifications, application of APA specifications, and effective utilization of library resources.
Prerequisite: Senior Standing
EEP 410
Engineering Economics and Optimization Techniques
Students are introduced to the contemporary and professional significance given to project management in today's enterprises. Topics covered include project planning, scheduling and control in the spirit to deliver good, fast and cheap projects. Tools used include Work Breakdown Structure (WBS), networking, human resource leveling, and cost analysis techniques. Case studies will be presented and discussed.
Prerequisite: STA 210 & STA 310
EEP 413
Econometrics and Computing Techniques
Introduction to the models and methods used to estimate relationships and test hypotheses pertaining to economic variables. Students are prepared to analyze and interpret data pertaining to economics using statistical techniques such as: simple and multiple regression analysis, autocorrelation, and measurement of error. Moreover, students are trained to use simultaneous equations and econometric modeling techniques.
Prerequisite: MAT 220 & STA 210
EEP 430
Public Policy Analysis, Taxation and Investment
This course is concerned with the question of the role of money in macroeconomic models. Moreover, it involves a debate over how to build macroeconomic models that are appropriate for a monetary economy. The topics include: Quantitative theory tradition, development of monetary theory and dynamic monetary theory within the Keynesian and the latest neo-classical tradition, theories of interest and dynamic monetary models concerned with output of goods, services, and growth of output, the rate of inflation and unemployment, the balance of payments and exchange rates.
Prerequisite: ECO 202
EEP 499
Senior Study in Engineering Economics and Planning
Students in this course are to rely on literature reviews (text or Internet-based) on economic topics. The aim is to prepare a review study to reflect on contemporary economic trends and topics. This course enables students to acquire skills necessary to write professional reviews using scientific and critical thinking analysis techniques.
Prerequisite: Senior Standing

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