Fundamentals of Engineering economics - FE Civil Exam from Udemy

In this course, you are going to have full preparation for the FE Civil Exam covering the topic of "Engineering Economics"

This course will be your only studying source as it is the most comprehensive available course for the FE Civil exam that will enable you to MASTER the "Engineering Economics" topic for FE Civil Exam by going through the "3" following steps :-

In the first step, you are going to watch the Full explanation videos that explain the physical meaning and the engineering concepts of the geotechnical engineering as per and of course, the step by step videos for the solution to all of the exams problems are available to understand any point you might have missed.

All of the problems were carefully chosen from many different resources to resemble the same level of difficulty of the real FE Civil exam

The course covers all of the "Engineering Economics" topic requirements as per latest NCEES requirements released in July - 2020 , including the following chapters

Time value of money [e.g., equivalence, present worth, equivalent annual worth, future worth, rate of return]
Cost [e.g., fixed, variable, direct and indirect labor, incremental, average, sunk]
Analyses [e.g., break-even, benefit-cost, life cycle, sustainability, renewable energy]
Uncertainty [e.g., expected value and risk]

With this course, you will have access to our private FB group where you can discuss with the instructor and the remaining students any findings or clarifications you might have about this course, and you will be having the instructor's full support till you pass your FE Civil Exam.

Also, this course is not only for engineers interested in attending the FE Civil Exam. This course would perfectly suit any engineer or a project manager who wants to understand all of the basics of Engineering Economics.

Visit our Udemy channel, to check the remaining courses covering the remaining topics of the FE Civil Exam...

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What's inside

Learning objectives

Master the "engineering economics" as per fe civil exam requirements
More than 40 step-by-step solved examples covering each sub-topic of the engineering economics

3 practice exams with different problems that resemble the same difficulty level of the real exam
Step-by-step solution for the practice exams problems

Master the "engineering economics" as per fe civil exam requirements
More than 40 step-by-step solved examples covering each sub-topic of the engineering economics
3 practice exams with different problems that resemble the same difficulty level of the real exam
Step-by-step solution for the practice exams problems

Syllabus

Introduction

Introduction about FE Exam and course content

Costs & Time value of money

Cash flow

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Covers topics like time value of money, cost analysis, and uncertainty, which are fundamental for engineers and project managers

Focuses on the 'Engineering Economics' section of the FE Civil Exam, making it highly relevant for civil engineers preparing for the exam

Includes practice exams with problems that resemble the difficulty level of the real FE Civil exam, offering valuable exam preparation

Provides access to a private group for discussions with the instructor and other students, fostering a collaborative learning environment

Requires familiarity with NCEES requirements released in July 2020, so learners should ensure they have the appropriate background

Features step-by-step solutions to practice exam problems, which helps learners understand the problem-solving process

Reviews summary

Fe civil engineering economics prep

According to learners, this course provides comprehensive preparation specifically tailored for the Engineering Economics section of the FE Civil Exam. Students highlight the large number of step-by-step solved examples and the inclusion of practice exams that mirror the real test's difficulty as particularly valuable resources. While the course is praised for its clear explanations and making complex topics understandable, some reviewers note that the pace can be fast or that certain concepts could benefit from slightly more detailed explanations, suggesting it's best for those with some foundational understanding or who are prepared to pause and re-watch sections. Overall, it's seen as a highly effective study aid.

Covers all required economic topics.

"The course is very comprehensive, covering all the necessary topics for engineering economics as per the FE Civil exam."

"It covers everything from time value of money to break-even analysis and uncertainty."

"I feel confident that all the required engineering economics material for the FE Civil exam was addressed in this course."

Topics explained clearly and effectively.

"The instructor explains the concepts very clearly, making engineering economics easy to understand even for someone new to the topic."

"I appreciated the clear and concise explanations provided for complex economic principles relevant to the FE exam."

"The step-by-step approach to solving problems in the lectures really helped solidify my understanding."

Ample problems mimicking the real exam.

"The included practice exams and step-by-step solved examples are very useful and representative of the actual FE exam questions."

"There are a lot of practice problems provided which is essential for preparing for the FE Civil exam's engineering economics part."

"I found the practice problems and explanations of their solutions to be the most helpful aspect for my FE exam preparation."

"The course provides sufficient practice problems similar to those on the FE Civil Exam."

Content directly targets exam requirements.

"This course covers exactly what is needed for the Engineering Economics section of the FE Civil exam according to the latest NCEES requirements."

"The topics align perfectly with the FE Civil exam syllabus, making it a focused and efficient study tool."

"Everything in this course feels directly applicable and relevant to passing the FE Civil exam."

Sometimes fast; requires focus.

"Sometimes the pace of the lectures feels a bit fast, requiring me to pause and rewatch sections."

"Could use slightly more in-depth explanations on a few concepts for absolute beginners."

"While clear, some areas could benefit from a bit more detailed breakdown to fully grasp the nuances."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Fundamentals of Engineering economics - FE Civil Exam with these activities:

Review Time Value of Money Concepts

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Reinforce your understanding of fundamental time value of money principles before starting the course. This will help you grasp more complex concepts later on.

Browse courses on Time Value of Money

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Review the basic formulas for present value, future value, and annuities.
Work through practice problems involving different interest rates and compounding periods.

Read "Engineering Economy" by William G. Sullivan, Elin M. Wicks, and C. Patrick Koelling

Show steps

Supplement your learning with a comprehensive textbook on engineering economy. This will provide a deeper understanding of the concepts and more practice problems.

View Engineering Economy on Amazon

Show steps

Obtain a copy of "Engineering Economy" by Sullivan, Wicks, and Koelling.
Read the chapters relevant to the course syllabus.
Work through the example problems and practice exercises.

Solve Break-Even Analysis Problems

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Practice solving break-even analysis problems to improve your speed and accuracy. This is a key skill for the FE Civil exam.

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Find practice problems online or in engineering economics textbooks.
Solve a variety of break-even problems with different cost structures.
Check your answers and review the solutions to understand any mistakes.

Four other activities

Expand to see all activities and additional details

Show all seven activities

Create a Cash Flow Diagram Template

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Develop a reusable template for creating cash flow diagrams. This will help you visualize and solve engineering economics problems more effectively.

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Choose a software tool for creating diagrams (e.g., Excel, Google Sheets, draw.io).
Design a template with labeled axes and clear formatting for cash inflows and outflows.
Test the template with sample cash flow scenarios.

Review "Principles of Engineering Economic Analysis" by John A. White, Kenneth E. Case, David B. Pratt

Show steps

Expand your understanding with another textbook on engineering economic analysis. This will give you a broader perspective and more examples.

View Fundamentals of Engineering Economic Analysis on Amazon

Show steps

Obtain a copy of "Principles of Engineering Economic Analysis" by White, Case, and Pratt.
Focus on chapters covering present worth, annual cost, and rate of return analysis.
Compare the approaches and examples with those presented in the course.

Build a Spreadsheet for Benefit-Cost Analysis

Show steps

Develop a spreadsheet tool to automate benefit-cost analysis calculations. This will improve your efficiency and accuracy when solving complex problems.

Show steps

Design a spreadsheet with input fields for costs, benefits, and discount rates.
Implement formulas to calculate present worth, equivalent annual worth, and benefit-cost ratios.
Test the spreadsheet with different scenarios and validate the results.

Answer Questions in Online Forums

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Reinforce your understanding by helping other students with their questions. Explaining concepts to others is a great way to solidify your own knowledge.

Show steps

Find online forums or discussion groups related to engineering economics and the FE Civil exam.
Monitor the forums for questions you can answer based on your course knowledge.
Provide clear and helpful explanations to assist other students.

Career center

Learners who complete Fundamentals of Engineering economics - FE Civil Exam will develop knowledge and skills that may be useful to these careers:

Civil Engineer

A civil engineer designs, builds, and maintains infrastructure projects. This work requires a strong understanding of engineering economics, as taught in this course. The course prepares learners for the FE Civil exam, which focuses on engineering concepts pertinent to civil engineering. By covering cost analysis, time value of money, and economic evaluation methods, the course directly aligns with the financial aspects of civil projects. This course helps build a foundation for cost-effective project management. A civil engineer should consider this course to master fundamental economic principles of their work.

See salaries and explore the career path for Civil Engineer

Construction Project Engineer

Construction project engineers assist in planning, managing, and overseeing construction projects. This course on engineering economics is very relevant to this role. The core concepts of time value of money, cost analysis, and methods of economic analysis are crucial for managing project finances. The course helps build a foundation in the financial principles necessary for construction management. A construction project engineer should consider this course because it directly contributes to managing costs efficiently.

See salaries and explore the career path for Construction Project Engineer

Cost Estimator

Cost estimators develop detailed cost estimates for construction projects. This role requires a thorough understanding of cost analysis, which is taught in this course. The course's coverage of cost types, like fixed and variable costs, is directly relevant to estimating project expenses. Also important to a cost estimator is the course's exploration of economic analyses and break-even points. This course helps refine the ability to calculate and predict costs accurately. A cost estimator should take this course to improve their capacity to analyze and manage project budgets.

See salaries and explore the career path for Cost Estimator

Project Manager

Project managers oversee a project's lifecycle, from initiation to completion, and this role often requires a good understanding of engineering economics. This course provides a deep dive into topics such as cost analysis, time value of money, and methods of economic analysis, all of which are critical for project planning and financial oversight. The course content directly addresses the project manager's need to control budgets and perform cost-benefit analysis. Project managers may find this course useful for managing project finances more effectively, because it teaches how to evaluate project economic feasibility. The curriculum closely aligns with the financial skills a project manager needs.

See salaries and explore the career path for Project Manager

Construction Manager

Construction managers oversee construction projects, ensuring they are completed on time and within budget. The course provides a foundation in engineering economics, and the principles taught are essential for a construction manager. The course covers key concepts like time value of money, cost analysis, and break-even analysis, which are highly relevant to the financial aspects of construction projects. This course helps enhance a manager's understanding of financial planning and control. A construction manager should consider this course because it will help them make informed decisions on construction projects.

See salaries and explore the career path for Construction Manager

Infrastructure Planner

Infrastructure planners develop plans for transportation, utilities, and other public works projects. This course provides an understanding of engineering economics that is critical to the financial feasibility of such projects. The course covers time value of money, cost analysis, and methods of economic analysis. Infrastructure planners may find this course useful for understanding project costs and financial planning. This course helps to make informed decisions about infrastructure investments. An infrastructure planner will need the skills taught in this course.

See salaries and explore the career path for Infrastructure Planner

Renewable Energy Consultant

Renewable energy consultants advise on the economic and financial viability of renewable energy projects. This work requires a solid understanding of engineering economics, a core focus of this course. The course covers cost analysis, life cycle assessments, and break-even analysis, all of which are essential for renewable energy projects. The course helps build a foundation in the financial aspects of renewable energy. A renewable energy consultant should consider this course, as it helps them apply economic principles of engineering.

See salaries and explore the career path for Renewable Energy Consultant

Engineering Consultant

Engineering consultants provide expert advice on various engineering projects, often requiring a grasp of engineering economics. The course includes time value of money and cost analysis, which directly contribute to the consultant's ability to advise clients on project feasibility. This course helps to develop economic evaluation techniques fundamental to the consulting process. An engineering consultant should take this course to better advise on financially viable solutions for their clients.

See salaries and explore the career path for Engineering Consultant

Environmental Engineer

Environmental engineers develop solutions to environmental problems. The course's coverage of sustainability and life cycle assessment is relevant to their field. The course covers cost analysis and methods of economic analysis, which are important considerations for any environmental project. An environmental engineer may find this course useful for understanding the financial implications of their work. This course provides practical methods of evaluating project costs.

See salaries and explore the career path for Environmental Engineer

Urban Planner

Urban planners develop plans for the development of cities and towns, which includes infrastructure and transportation. The course provides useful skills in lifecycle analysis, cost analysis, and economic evaluation, all of which can help an urban planner working on projects for cities. An urban planner may find this course useful for project decision making and cost control. This course helps with the skills necessary for planning and designing a financially sustainable urban area. An urban planner can benefit from the course's examination of costs.

See salaries and explore the career path for Urban Planner

Asset Manager

Asset managers are responsible for overseeing and maintaining a company's physical assets. This course covers several important tools useful for any asset manager. The course includes concepts such as depreciation, break-even analysis, and lifecycle cost, all of which are useful when making decisions about assets. An asset manager may find this course useful for financial planning involving physical infrastructure. The course can contribute to better capital management and budgeting for asset-intensive projects.

See salaries and explore the career path for Asset Manager

Operations Research Analyst

Operations research analysts use mathematical and analytical methods to solve complex problems and optimize performance. This course introduces core concepts in engineering economics; although the engineering focus is not a main function of operations research, the analytical skills taught can be useful. The course delves into cost analysis, risk assessment, and various methods of economic analysis. An operations research analyst may find this course helpful for its training in financial quantitative analysis. The course's structure aligns with the problem-solving mindset needed for operations research, and it can enhance an analyst's ability to solve business problems.

See salaries and explore the career path for Operations Research Analyst

Sustainability Analyst

Sustainability analysts assess the environmental impact of projects, products, and policies. This role can benefit from the course's review of life cycle assessment, part of engineering economic analysis. The course explores cost analysis and project feasibility, which align with the financial aspects of sustainability initiatives. A sustainability analyst may find this course useful for understanding the economic impact of sustainable solutions. The course provides relevant background to those working on sustainability projects.

See salaries and explore the career path for Sustainability Analyst

Financial Analyst

Financial analysts evaluate financial data to provide investment recommendations. While this course is designed for civil engineers, it contains many core skills of financial analysis. The course covers financial concepts like time value of money, risk assessment, and break-even points. A financial analyst may find this course useful for its practice in various economic analyses. The course provides a foundation that supports financial assessment. This course may help a financial analyst refine their skills.

See salaries and explore the career path for Financial Analyst

Business Analyst

Business analysts evaluate and improve business processes and systems. Although this course is designed for FE Civil exam preparation, its content on engineering economics can be useful for business analysts by providing a foundation in financial analysis. This course covers cash flows, time value of money, and risk assessment, all of which are relevant for business decisions. A business analyst may find this course helpful for understanding how economic principles apply in a business setting because it discusses fundamental financial decision making. This course helps develop an ability to assess project feasibility.

See salaries and explore the career path for Business Analyst

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Fundamentals of Engineering economics - FE Civil Exam.

Engineering Economy

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Comprehensive resource for engineering economics principles and applications. It covers all the topics relevant to the FE Civil exam in detail. It is commonly used as a textbook in engineering economics courses and provides numerous examples and practice problems. This book adds significant depth to the course material and serves as an excellent reference tool.

Engineering Economy

Kindle Edition

$$$

Fundamentals of Engineering Economic Analysis

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Provides a solid foundation in engineering economic analysis. It useful reference for understanding the underlying principles and methodologies. While not strictly required, it offers a different perspective and additional examples that can enhance your understanding of the course material. This book is valuable as additional reading to broaden your knowledge base.

Fundamentals of Engineering Economic Analysis

Paperback

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Fundamentals of Engineering Economic Analysis

Kindle Edition

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Fundamentals of Engineering economics - FE Civil Exam

What's inside

Learning objectives

Syllabus

Traffic lights

Save this course

Reviews summary

Fe civil engineering economics prep

Activities

Career center

Reading list

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