CE40/A3

CE/3

Summary/Score Sheet

QUIZZES CPRS
1 1
2 2
3 3
4 4
CLASSWORKS FINAL EXAM
1 CO1
2 CO2
3 CO3
4 CO4
INDIVIDUAL PROJECT
FEASIBILITY STUDY
REFLECTION

CE40/A3
CE/3
 Reflection Paper

Engineering economics is a subset of economics for application to engineering

projects. The lessons taught to us in this subject ranges from simple interest up to
feasibility studies. For the first course outcome, we tacked topics like simple interest as
well as compound interest where the interest is added more than once a year. We also
tacked discounts and how they are similar to interest but instead of adding it we minus it
to the present value or in this case the face value. We also tacked equivalence wherein
we transferred cash from final value to present value or vice versa. We also tacked
annuities where there are equal payments in a given period of time. For the second
course outcome, we tackled on how to evaluate a single project. From this CO, we
learned that we can evaluate project in several ways. There is the present worth method
where we convert all expenses and revenue to their present worth. There are also the
annual worth method and future method where we convert them. There are also the
IRR or Internal Rate of Return method and the ERR or External Rate of Return Method.
For the third course outcome, we apply what we learned from the previous outcome on
scenarios. We learned about MEAs or mutually exclusive alternatives. For the fourth
course outcome, we learned about depreciation and how there are reductions in the
value of various assets. Here we learned about various method used to show the
depreciation. These methods include the straight-line method, sinking fund method,
Matheson formula, double declining method, and lastly the sum of the years method.
For the last course outcome, we learned about feasibility studies. We learned why and
how important feasibility studies are in projects to see if they are viable and relevant,
I think I believe that I deserve to pass this subject because. despite of my low
scores on exams, I learned. I learned how to convert cash into their present or future
values. I learned how to evaluate and select among alternatives. I also learned how our
assets can depreciate over time. I also learned how feasibility studies are very important
in the implantation of projects.
I would also like to thank you ma’am for the patience in teaching us about the
subject. I would also like to thank you for the passion and compassion in teaching us
despite of our collective flaws.