Describes how economic theory is linked to economic evaluation techniques like cost-benefit and cost-effectiveness analysis and to introduce students to many concepts that are specific to economic evaluation. Introduces students to the many varieties of economic evaluation to establish a common terminology. Discusses cost-benefit with a demonstration of how this type of evaluation is most clearly linked to economic theory. Explores other theories and concepts, including cost measurement, benefit valuation, and incremental decision-making. Finally, explores recommendations on performing economic evaluations that are made in the United States with a focus on how these are related to underlying economic theory and other concepts.
Introduction to microelectromechanical devices (MEMS). Material properties, microfabrication technologies, structural behavior, piezoresistive and capacitive sensing, electrostatic actuation, fluid damping, noise, amplifiers, and feedback systems. Student teams design microsystems (sensors, electronics, and feedback) to meet a set of specifications (sensitivity, frequency response, linearity) using a realistic microfabrication process. Emphasis on modeling and simulation in the design process.
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