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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   To be able to define the basic concepts of engineering economics 2   Understanding the time value of money and making various interest calculations 3   Ability to analyze engineering and decision making problems 4   To be able to comprehend the evaluation methods of investment projects 5   Ability to make investment decisions in comparison of alternatives

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 Time value of money 4 Time value of money 5 Economic equivalance 6 Money management 7 Inflation and the concept of economic equivalence 8 Evaluation of investment projects 9 Present value method 10 Annual equivalence analysis 11 Annual equivalence analysis 12 Return on investment method 13 Return on investment method 14 Case study, and general evaluation

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*0.35+ASG *0.15+FIN * 0.50 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTE*0.35+ASG *0.15+RST * 0.50

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 14 4 56 Preparations before/after weekly lectures 14 4 56 Preparation for final exam 1 23 23 Preparation for midterm exam 1 15 15 Final 1 2 2 Midterm 1 2 2 TOTAL WORKLOAD (hours) 154

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 LO.1 4 LO.2 4 LO.3 4 4 4 LO.4 4 4 4 LO.5 4 4 4