Introduction to theories of innovation, creative problem-solving, market research, business planning, and product development, with an emphasis on products requiring engineering design, with team-based project to develop a product concept and business plan.

The application of the fundamentals of economics to engineering alternatives in planning, developing and managing industrial projects.

The application of the fundamentals of engineering economics, financial analysis and market assessment to engineering alternatives in the planning, development and ongoing management of industrial enterprises.

Topics include project management, innovation and entrepreneurship, business planning, marketing, and mobilizing human and financial resources. These will be applied in the development of a business plan for a business concept.

Advanced topics in engineering economics, including operating and capital budgets, financial statement use by engineering managers, replacement analysis, cost of capital and leasing, risk-based financial decision-making for technology investment using real options valuation.

Key topics include intellectual property, product development, valuation of technology, capturing value, and securing the deal.