COURSE UNIT TITLE

: ENGINEERING ECONOMICS

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MEN 4053 ENGINEERING ECONOMICS ELECTIVE 2 0 0 4

Offered By

Marine Engineering

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSISTANT PROFESSOR MUSTAFA NURAN

Offered to

Marine Engineering

Course Objective

To teach about fuel economy methods

Learning Outcomes of the Course Unit

1   Understanding the basic concepts of Economics
2   How to incorporate economic thinking into engineering
3   Be able to identify the best engineering economy tool for evaluating alternatives
4   Comprehension of hull efficiency and propeller efficiency
5   Understanding production of auxiliary energy by the main engine

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Fundamentals of Engineering Economy, Cost Concepts and Design Economics
2 Money-Time Relationships and Equivalence
3 Applications of Money-Time Relationships, Comparing Alternatives, Depreciation and Income Taxes
4 Cost Estimation Techniques, Price Changes and Exchange Rates
5 Replacement Analysis , Dealing with uncertainty
6 Exploring Projects with the Benefit/Cost Method
7 Engineering Economy Studies in Investor-Owned Utilities
8 Engineering Economy Studies in Investor-Owned Utilities
9 Probabilistic risk analysis,Capital financing and allocation
10 Communicating Engineering Economy Study Results
11 The increasing importance fuel economy, Methods of achieving fuel economy
12 Ship form and resistance Hull efficiency, Propeller efficiency
13 Hull and propeller roughness
14 Diesel engines waste heat recovery, Production of auxiliary energy by the main engine

Recomended or Required Reading

William G.Sullivan, James A.bondatelli, Elin M.Wicks Engineering Economics Eleventh Edition, Prentice Hall, 2001
R. Baykal, Gemilerin Direnci ve Makine Gücü, ITÜ, Istanbul, 2002
C. N. Hughes, Shipping: A Techno Economic Approach, LLP, London, 1989
C. N. Hughes, Shipping: Ship Performance, LLP, London, 1987

Planned Learning Activities and Teaching Methods

Cooperative and active teaching and learning strategies

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 ASG ASSIGNMENT
3 QUZ QUIZ
4 FCG FINAL COURSE GRADE
5 FCGR FINAL COURSE GRADE (RESIT)
6 RST RESIT
7 FCGR FINAL COURSE GRADE (RESIT)


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

Further Notes About Assessment Methods

None

Assessment Criteria

PO - LO matrices were created and the evaluation method was determined for each PO. Students are expected to obtain an average success score of 60 or above for each LO. In addition, in the course evaluation surveys, the program outcomes in the course objectives are expected to be 4 or above.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

mustafa.nuran@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 2 28
Preparations before/after weekly lectures 14 1 14
Preparation for midterm exam 1 10 10
Preparation for final exam 1 15 15
Preparation for quiz etc. 1 10 10
Preparing assignments 1 15 15
Final 1 2 2
Midterm 1 1 1
Quiz etc. 1 1 1
TOTAL WORKLOAD (hours) 96

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15PO.16PO.17PO.18PO.19PO.20
LO.15
LO.255
LO.35
LO.45
LO.55

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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