COURSE UNIT TITLE

: ENGINEERING ECONOMICS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IND 3604 ENGINEERING ECONOMICS COMPULSORY 3 0 0 3

Offered By

Industrial Engineering

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR HASAN SELIM

Offered to

Electrical and Electronics Engineering

Course Objective

The purpose of this course to give information about the basic principles of engineering economics and to apply these principles to problems in comparison of alternatives; viability of investment and rate of return; the study of depreciation for the purpose of assessing lease/purchase alternatives.

Learning Outcomes of the Course Unit

1   Achieve an understanding of basic concepts related to engineering economics
2   Achieve an understanding of cots, cost classifications, interest, cash flows and depreciation
3   Be able to conduct analyses on market conditions and demand estimates
4   Be able to evaluate investment alternatives
5   Be able to execute investment decisions under uncertainty

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction to engineering economics and basic concepts
2 Introduction to engineering economics and basic concepts
3 Market conditions and demand estimates
4 Market conditions and demand estimates
5 Cost concepts
6 Cost concepts
7 Interest concept and cash flows
8 Interest concept and cash flows
9 Depreciation and depreciation methods
10 Midterm exam
11 Investment decisions and evaluation of investment alternatives
12 Investment decisions and evaluation of investment alternatives
13 Investment decisions under uncertainty
14 Investment decisions under uncertainty

Recomended or Required Reading

Textbook(s):
Mühendislik Ekonomisi, Hasan Eski, Özgür Armaneri. Gazi Kitabevi, Ankara, 2006.

Supplementary Book(s):
Contemporary Engineering Economics, Chan S. Park. Prentice Hall, New Jersey, 2002.
Engineering Economy, Gerald J. Thuesen, W.J. Fabrycky, Prentice Hall, New Jersey, 2001.

Planned Learning Activities and Teaching Methods

Lectures and class discussions

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 ASG ASSIGNMENT
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + ASG * 0.20 + FIN * 0.50
5 RST RESIT
6 FCG FINAL COURSE GRADE MTE * 0.30 + ASG * 0.20 + RST * 0.50


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

hasan.selim@deu.edu.tr, Tel: (232) 3017618

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Preparations before/after weekly lectures 13 1 13
Preparation for midterm exam 1 10 10
Preparation for final exam 1 10 10
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 76

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13
LO.1544
LO.253354
LO.353354
LO.453355
LO.553344