Skip to page content

Courses

  • Engineering Economics For Mechanical Engineering (30134)
    • תקציר הקורס:

    Abstract:

    In the course students will be exposed to the language of engineering economics and will learn concepts such as interest, inflation, the consumer price index, and more.

    After that, the students will learn metrics for evaluating the viability of projects such as net present value, internal rate of return, investment payback period and more, while focusing on the context of the engineer's environment.

    Finally, the students will learn the use of alternative analyzes and feasibility studies in areas such as equipment procurement transactions.
  • Advanced Topics In Economics (62004)
    • תקציר הקורס:

    Abstract:

    The course provides students with an understanding of key topics in energy economics, both from an empirical and theoretical perspective, as well as skills in utilizing tools and quantitative models for analyzing energy resource

     management problems. The course subjects include: the relationship between energy and the economy; the determinants of energy supply and demand; the link between energy consumption, economic development and the environment; renewable and non-renewable energy sources;

     managing non-renewable natural resources; global energy markets; energy policy in Israel and other countries.
  • Decision Making And Risk Assessment (64016)
    • תקציר הקורס:

    Abstract:

    In the environment of infrastructure systems, there are several types of common risks that are encountered at all stages of the process that begins with identifying the needs, and ends with the implementation of the engineering solution in practice. A central part of the planning and design processes, setting up and operating the systems is risk management: knowing how to identify the existing risks, minimize the chance that they will occur, and take the most measures to mitigate and manage these risks, including market risks, financial risks, operational risks and environmental risks. The course will present insights derived from normative decision-making models, developed in the fields of economics and operational research, but also based on insights about cognitive biases and the logical fallacies of decision makers and how to deal with them. The course combines theoretical and applied aspects from a variety of fields: Statistics, operational research, cognitive psychology and behavioral economics.