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IME 2010 - Entrepreneurial Engineering I
Catalog Description:
This course will introduce students to how engineers can be entrepreneurs. Topics covered will include techniques used in determining the cost of designing, developing, producing and selling a product or service and how these activities relate to entrepreneurial engineering.
Credits: 3 hours
Lecture Hours - Laboratory Hours: (3 to 0)
Prerequisites by Topic:
- Mathematical level equivalent to MATH 118.
Course Objectives:
At the end of the semester, students should be able to:
- Understand how engineers can be entrepreneurs.
- Understand financial statements, including profit and loss and balance sheet.
- Compute labor and material components of product cost.
- Understand the importance of making appropriate economic decisions, particularly as this relates to new company startups.
Performance Criteria:
The students should be able to:
Objective 1
- Construct and interpret financial statements
Objective 2
- Identify relevant and pertinent data and apply appropriate labor and material costing methods to determine variable cost.
Objective 3
- Identify other relevant costs to determine total cost.
Objective 4
- Correctly identify how economic decisions impact individuals, companies, and society in general.
Textbooks:
The Entrepreneurial Engineer, David E. Goldberg, 1st Edition, 2006. Wiley and Sons.
Course Instructor:
Bob White, Ph.D., P.E.
Industrial and Manufacturing Engineering Western Michigan University
E-216 Parkview Campus
Kalamazoo, Michigan 49008-5336
Phone: (269) 276-3379
Email: bob.white@wmich.edu
Revision Date: Spring 2009