COURSE UNIT TITLE

: MANAGERIAL ECONOMICS FOR ENGINEERS

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ENM 5033 MANAGERIAL ECONOMICS FOR ENGINEERS ELECTIVE 3 0 0 7

Offered By

Graduate School of Natural and Applied Sciences

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR HASAN SELIM

Offered to

M.Sc. Metallurgical and Material Engineering
Metallurgical and Material Engineering
ENGINEERING MANAGEMENT- NON THESIS (EVENING PROGRAM)
Metallurgical and Material Engineering

Course Objective

The purpose of this course to give information about the basic principles of managerial 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 Basic concepts and definitions
2 Introduction to managerial economics
3 Introduction to managerial economics
4 Market conditions and demand estimates
5 Market conditions and demand estimates
6 Cost concept and types
7 Interest concept and cash flows
8 Interest concept and cash flows
9 Depreciation and depreciation methods
10 Depreciation and depreciation methods
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 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, Tel: (232) 3017618

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparation for midterm exam 1 10 10
Preparation for final exam 1 15 15
Preparing presentations 1 20 20
Preparations before/after weekly lectures 14 6 84
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 175

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.123
LO.223
LO.323
LO.423
LO.523

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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