Introduction to Economic Decision Making for Engineers

03 4045

Time of lectures and exercises: Tuesdays, 14:30-17:30.

Midterm grades.

Detailed description (English)

Syllabus in Hebrew and English

Lecture note sections that we have covered (links to Lecture Notes below)

  • Lecture 1, 1.4.2025, Time-Value of Money, pp.3-17.
  • Lecture 2, 8.4.2025, Time-Value of Money, pp.18-26.
  • Lecture 3, 22.4.2025, Time-Value of Money, pp.27-32.
  • Lecture 4, 29.4.2025, Time-Value of Money, pp.33-39.
  • Lecture 5, 6.5.2025, Time-Value of Money, pp.40-47 (recordings).
  • Lecture 6, 20.5.2025, Time-Value of Money, pp.48-55.
  • Lecture 7, 27.5.2025, Time-Value of Money, pp.55-58. Benefit-Cost Ratio, pp. 2-8.
  • Lecture 8, 3.6.2025, Benefit-Cost Ratio, pp. 9-19.
  • Lecture 9, 10.6.2025, Benefit-Cost Ratio, pp.20-29.
  • Lecture 10, 17.6.2025, Price Change, pp.4-15.
  • Lecture 11, 24.6.2025, Price Change, pp.16-27, 31-34.
  • Lecture 12, 2.7.2025, Price Change, pp.35-43.

Lecture Notes

Money-Time Relationships and Their Applications

The Benefit-Cost Ratio

Price Changes Inflation and Foreign Exchange

Portfolio Management

Forecasting

Behavioral Response to Feedback

Strategic Asset Allocation

Exercises

Homework exercises on Economic Decision Making for Engineers

Homework exercises on Info-Gap Risks in Project Management

Exercises are in file “Homework exercises on Economic Decision Making for Engineers” unless indicated otherwise.

Homework #1: Problems 1-5. Solutions.

Homework #2: Problems 9, 11. Solutions.

Homework #3: Problems 12, 13. Solutions to prob. 12 and to prob. 13.

Homework #4: Problem 28. Solution.

Homework #5: Problem 13, a,b (and c). Solution.

Homework # 6: Problem 41 (a) – (h). Solution.

Homework # 7: Midterm exam during 1st hour. Solution.

Homework # 8: Problems 15 and 16. Solutions.

Homework #9: Problems 17 and 27. Solutions.

Homework # 10: Problems 20, 39 (a), (e)-(h). Solutions to problem 20 and problem 39.

Homework #11: Problem 40 (f)-(i). Solution.

Homework #12: Problem 21, 29. Solution.

Homework #13: Problems 5, 6, 4a in Info-Gap Risks in Project Management.

Homework #14. Problem 86 (a)-(c) in Problem Set on Robustness and Opportuneness.

Recordings are available on this webpage:

https://panoptotech.cloud.panopto.eu/Panopto/Pages/Sessions/List.aspx#folderID=%22dc9d8a8f-fdce-4100-a6e1-b24e00ab3d32%22

Note: The ‘-‘ between “…8a8f” and “fdce…” is a real part of the link; it is not a line-split. When you copy the link, but sure that the ‘-‘ actually appears.

File with link to recording of lecture 1.

File with link to recording of lecture 2.

File with link to recording of lecture 3.

File with link to recording of lecture 4.

Direct link to recording of lecture 5.

File with link to lecture 6.

File with link to lecture 7.

File with link to lecture 8.

File with link to lecture 9.

File with link to lecture 10.

File with link to lecture 11.

File with link to lecture 12.