Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|
ENGINEERING ECONOMICS | CEE4149160 | Fall Semester | 3+0 | 3 | 6 |
Prerequisites Courses | |
Recommended Elective Courses | |
Language of Course | English |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Required |
Course Coordinator | Assoc.Prof. Melis Almula KARADAYI |
Name of Lecturer(s) | Assoc.Prof. Mehtap DURSUN KARAHÜSEYİN |
Assistant(s) | Ömer Karayiğit ([email protected]) |
Aim | To introduce the basic concepts of the economic analysis of engineering and management decisions, to explain how to apply these concept in the project planning and decision making process of a firm or government |
Course Content | This course contains; Introduction to Engineering Economics,Time Value of Money and Economic Equivalence,Engineering Economy Factors,Nominal and Effective Rates,Present Worth Analysis,Annual Worth Analysis
,Determination of Rate of Return,Resolution of Multiple Rates of Return,Decision Rules in Rate of Return Analysis ,Benefit Cost Analysis ,Capital Budgeting, Inflation and Index Numbers ,Replacement Analysis,After Tax Economic Analysis. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
Can perform cost estimation using engineering economics terms.
| 12, 14, 16, 9 | A, G |
Using engineering economics terminology, derives factors for calculating the time value of money.
| 12, 14, 16, 9 | A, G |
Uses present value and different annual valuation techniques to evaluate or select alternatives.
| 12, 14, 16, 9 | A, G |
Analyzes rate of return and incremental rate of return.
| 12, 14, 16, 9 | A, G |
Does cost/benefit analysis of public sector projects. Uses methods for reducing the book value of capital investment, considers the effects of inflation.
| 12, 14, 16, 9 | A, G |
Teaching Methods: | 12: Problem Solving Method, 14: Self Study Method, 16: Question - Answer Technique, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam, G: Quiz |
Course Outline
Order | Subjects | Preliminary Work |
---|
1 | Introduction to Engineering Economics | Lecture Notes |
2 | Time Value of Money and Economic Equivalence | Lecture Notes |
3 | Engineering Economy Factors | Lecture Notes |
4 | Nominal and Effective Rates | Lecture Notes |
5 | Present Worth Analysis | Lecture Notes |
6 | Annual Worth Analysis
| Lecture Notes |
7 | Determination of Rate of Return | Lecture Notes |
8 | Resolution of Multiple Rates of Return | Lecture Notes |
9 | Decision Rules in Rate of Return Analysis | Lecture Notes |
10 | Benefit Cost Analysis | Lecture Notes |
11 | Capital Budgeting | Lecture Notes |
12 | Inflation and Index Numbers | Lecture Notes |
13 | Replacement Analysis | Lecture Notes |
14 | After Tax Economic Analysis | Lecture Notes |
Resources |
Engineering Economy, Leland Blank and Anthony Tarquin, McGraw Hill |
Lecture notes
|
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications |
No | Program Qualification | Contribution Level |
1 | 2 | 3 | 4 | 5 |
1 | An ability to apply knowledge of mathematics, science, and engineering. | | | | | X |
2 | An ability to identify, formulate, and solve engineering problems. | | | | | X |
3 | An ability to design a system, component, or process to meet desired needs within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability. | X | | | | |
4 | An ability to use the techniques, skills, and modern engineering tools necessary for engineering practice. | | | | X | |
5 | An ability to design and conduct experiments, as well as to analyze and interpret data. | | | | X | |
6 | An ability to function on multidisciplinary teams. | | | X | | |
7 | An ability to communicate effectively. | | | X | | |
8 | A recognition of the need for, and an ability to engage in life-long learning.
| | X | | | |
9 | An understanding of professional and ethical responsibility. | | | | | |
10 | A knowledge of contemporary issues. | | | | | |
11 | The broad education necessary to understand the impact of engineering solutions in a global, economic, environmental, and societal context. | | | | | |
Assessment Methods
Contribution Level | Absolute Evaluation |
Rate of Midterm Exam to Success | | 30 |
Rate of Final Exam to Success | | 70 |
Total | | 100 |
ECTS / Workload Table |
Activities | Number of | Duration(Hour) | Total Workload(Hour) |
Course Hours | 14 | 3 | 42 |
Guided Problem Solving | 0 | 0 | 0 |
Resolution of Homework Problems and Submission as a Report | 0 | 0 | 0 |
Term Project | 0 | 0 | 0 |
Presentation of Project / Seminar | 0 | 0 | 0 |
Quiz | 10 | 2 | 20 |
Midterm Exam | 2 | 30 | 60 |
General Exam | 1 | 60 | 60 |
Performance Task, Maintenance Plan | 0 | 0 | 0 |
Total Workload(Hour) | 182 |
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(182/30) | 6 |
ECTS of the course: 30 hours of work is counted as 1 ECTS credit. |
Detail Informations of the Course
Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|
ENGINEERING ECONOMICS | CEE4149160 | Fall Semester | 3+0 | 3 | 6 |
Prerequisites Courses | |
Recommended Elective Courses | |
Language of Course | English |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Required |
Course Coordinator | Assoc.Prof. Melis Almula KARADAYI |
Name of Lecturer(s) | Assoc.Prof. Mehtap DURSUN KARAHÜSEYİN |
Assistant(s) | Ömer Karayiğit ([email protected]) |
Aim | To introduce the basic concepts of the economic analysis of engineering and management decisions, to explain how to apply these concept in the project planning and decision making process of a firm or government |
Course Content | This course contains; Introduction to Engineering Economics,Time Value of Money and Economic Equivalence,Engineering Economy Factors,Nominal and Effective Rates,Present Worth Analysis,Annual Worth Analysis
,Determination of Rate of Return,Resolution of Multiple Rates of Return,Decision Rules in Rate of Return Analysis ,Benefit Cost Analysis ,Capital Budgeting, Inflation and Index Numbers ,Replacement Analysis,After Tax Economic Analysis. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
Can perform cost estimation using engineering economics terms.
| 12, 14, 16, 9 | A, G |
Using engineering economics terminology, derives factors for calculating the time value of money.
| 12, 14, 16, 9 | A, G |
Uses present value and different annual valuation techniques to evaluate or select alternatives.
| 12, 14, 16, 9 | A, G |
Analyzes rate of return and incremental rate of return.
| 12, 14, 16, 9 | A, G |
Does cost/benefit analysis of public sector projects. Uses methods for reducing the book value of capital investment, considers the effects of inflation.
| 12, 14, 16, 9 | A, G |
Teaching Methods: | 12: Problem Solving Method, 14: Self Study Method, 16: Question - Answer Technique, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam, G: Quiz |
Course Outline
Order | Subjects | Preliminary Work |
---|
1 | Introduction to Engineering Economics | Lecture Notes |
2 | Time Value of Money and Economic Equivalence | Lecture Notes |
3 | Engineering Economy Factors | Lecture Notes |
4 | Nominal and Effective Rates | Lecture Notes |
5 | Present Worth Analysis | Lecture Notes |
6 | Annual Worth Analysis
| Lecture Notes |
7 | Determination of Rate of Return | Lecture Notes |
8 | Resolution of Multiple Rates of Return | Lecture Notes |
9 | Decision Rules in Rate of Return Analysis | Lecture Notes |
10 | Benefit Cost Analysis | Lecture Notes |
11 | Capital Budgeting | Lecture Notes |
12 | Inflation and Index Numbers | Lecture Notes |
13 | Replacement Analysis | Lecture Notes |
14 | After Tax Economic Analysis | Lecture Notes |
Resources |
Engineering Economy, Leland Blank and Anthony Tarquin, McGraw Hill |
Lecture notes
|
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications |
No | Program Qualification | Contribution Level |
1 | 2 | 3 | 4 | 5 |
1 | An ability to apply knowledge of mathematics, science, and engineering. | | | | | X |
2 | An ability to identify, formulate, and solve engineering problems. | | | | | X |
3 | An ability to design a system, component, or process to meet desired needs within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability. | X | | | | |
4 | An ability to use the techniques, skills, and modern engineering tools necessary for engineering practice. | | | | X | |
5 | An ability to design and conduct experiments, as well as to analyze and interpret data. | | | | X | |
6 | An ability to function on multidisciplinary teams. | | | X | | |
7 | An ability to communicate effectively. | | | X | | |
8 | A recognition of the need for, and an ability to engage in life-long learning.
| | X | | | |
9 | An understanding of professional and ethical responsibility. | | | | | |
10 | A knowledge of contemporary issues. | | | | | |
11 | The broad education necessary to understand the impact of engineering solutions in a global, economic, environmental, and societal context. | | | | | |
Assessment Methods
Contribution Level | Absolute Evaluation |
Rate of Midterm Exam to Success | | 30 |
Rate of Final Exam to Success | | 70 |
Total | | 100 |
Numerical Data
Ekleme Tarihi: 17/12/2023 - 16:45Son Güncelleme Tarihi: 17/12/2023 - 16:45
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