Engineering Economics Quiz

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is engineering economics concerned with in the analysis of engineering decisions?

The application of economic principles.

What branch of economics does engineering economics focus on?

Microeconomics.

What does engineering economics integrate economic theory with?

Engineering practice.

What does engineering economics assume as fixed inputs from other sources?

Price determination, competition, and demand/supply. Signup and view all the answers

What disciplines is engineering economics closely related to?

Statistics, mathematics, and cost accounting. Signup and view all the answers

What is the area of philosophy that studies the scope and nature of logic called?

Philosophy of logic Signup and view all the answers

What kind of problems does philosophy of logic investigate?

Philosophical problems raised by logic, such as the presuppositions often implicitly at work in theories of logic and in their application Signup and view all the answers

What are some questions that philosophy of logic involves?

How logic is to be defined and how different logical systems are connected to each other Signup and view all the answers

According to a common characterization, what is philosophical logic?

The part of the philosophy of logic that studies the application of logical methods to philosophical problems, often in the form of extended logical systems like modal logic Signup and view all the answers

What is metalogic closely related to?

Philosophy of logic Signup and view all the answers

What is the area of philosophy that studies the scope and nature of logic?

Philosophy of logic Signup and view all the answers

What are the philosophical problems raised by logic?

Presuppositions often implicitly at work in theories of logic and in their application Signup and view all the answers

What questions does the study of the nature of the fundamental concepts used by logic involve?

How logic is to be defined and how different logical systems are connected to each other Signup and view all the answers

According to a common characterization, what is philosophical logic?

What is metalogic closely related to?

Philosophy of logic Signup and view all the answers

Study Notes

Engineering Economics

Engineering economics, formerly known as engineering economy, focuses on applying economic principles to analyze engineering decisions.
This discipline primarily involves microeconomics, examining how individuals and firms allocate limited resources.
The decision-making process in engineering economics is emphasized, taking into account its environmental and contextual factors.
It integrates economic theory with practical engineering approaches, while simplifying microeconomic concepts like price determination and competition.
Closely related fields include statistics, mathematics, and cost accounting, aiding the efficiency of economic analysis in engineering contexts.

Philosophy of Logic

The philosophy of logic investigates the scope and nature of logic, addressing underlying assumptions within logical theories.
It explores how logic is defined and the relationships among various logical systems.
Central to this field is the study of fundamental concepts in logic and their interrelation with other disciplines.
Philosophical logic specifically examines the application of logic to philosophical problems, such as modal logic, enhancing understanding of philosophical questions.
Metalogic is a closely related area, focusing on the properties and foundations of logical systems.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Description

Test your knowledge of engineering economics with this quiz. Explore concepts such as cost analysis, time value of money, and decision-making in the context of civil engineering projects. Ideal for students and professionals in the field.