• HOME
• ABOUT US
  • Name Address
  • General Description
  • Governance
  • Academic Calendar
  • Degree Programmes
  • List of Programmes in English
  • General Admission and Registration Procedures
  • Credit Mobility and Recognition of Prior Learning
  • ECTS Credit Allocation
  • Academic Guidance
  • Contacts
• Degree Programmes
  • Third Cycle Programmes (Doctorate Degree)
  • Second Cycle Programmes (Master's Degree)
  • First Cycle Programmes (Bachelor's Degree)
  • Short Cycle Programmes (Associate's Degree)
• GENERAL INFORMATION FOR STUDENTS
  • Cost of Living
  • Accommodation
  • Meals
  • Medical Facilities
  • Facilities for Disabled Students
  • Insurance
  • Financial Supports
  • Student Affairs Office
  • Practical Information for International Students
  • Language Courses
  • Work Placement Possibilities
  • Sports, Social and Cultural Facilities
  • Student Associations and Clubs
  • About İzmir - Turkey
• INTERNATIONAL RELATIONS
  • International Relations Office
  • Registration Procedures
  • Agreements
  • Coordinators
  • Documents
  • List of Programmes in English
  • ECTS / DS Labels

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS END 1206 ECONOMICS FOR ENGINEERS COMPULSORY 4 0 0 6

Offered By

Industrial Engineering

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR BILGE BILGEN

Offered to

Industrial 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 FIN FINAL EXAM 3 FCG FINAL COURSE GRADE MTE * 0.50 + FIN * 0.50 4 RST RESIT 5 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.50 + 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

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

hasan.selim@deu.edu.tr, bilge.bilgen@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 13 4 52 Preparations before/after weekly lectures 13 4 52 Preparation for final exam 1 25 25 Preparation for midterm exam 1 17 17 Final 1 2 2 Midterm 1 2 2 TOTAL WORKLOAD (hours) 150

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 LO.1 5 3 LO.2 4 5 4 3 4 LO.3 4 4 3 4 5 4 5 LO.4 4 4 3 4 5 4 LO.5 4 5 4 3 4 3 4