At various universities, this course is referred to as Engineering Economy (as in King Saud University), Engineering Economic Analysis, Economic Decision Making, Economic Analysis, and Economic Decision Analysis, among others. This course describes in depth numerous topics in Engineering Economy that could help in conducting a Systematic Economic Analysis Technique (SEAT) by means of the following seven-step procedure:

Mechanics of materials is a branch of mechanics that studies the internal effects of stress and strain in a solid body that is subjected to an external loading. Stress is associated with the strength of the material from which the body is made, while strain is a measure of the deformation of the body. In addition to this, mechanics of materials includes the study of the body’s stability when a body such as a column is subjected to compressive loading.

Mechanics is the physical science which deals with the effects of forces on objects. No other subject plays a greater role in engineering analysis than mechanics. Although the principles of mechanics are few, they have wide application in engineering. The principles of mechanics are central to research and development in the fields of vibrations, stability and strength of structures and machines, robotics, rocket and spacecraft design, automatic control, engine performance, fluid flow, electrical machines and apparatus, and molecular, atomic, and subatomic behavior.