Faculty of Engineering and Natural Sciences · Industrial Engineering (English 30%) · Undergraduate
ECTS: 4 T+P+L: 3+0+0 Compulsory
Coordinator: Dr. Öğr. Üyesi Üzeyir PALA
Course Objective
To be able to evaluate projects in relation to engineering.
Course Content
Analyze the economic dimensions of engineering decisions. In addition to basic economic information, Preparation and evaluation of investment projects with concepts such as cost, overhead, price, depreciation, time value of money, cash flow.
Required Resources
Weekly lecture presentations
Recommended Resources
Leland T. Blank, Anthony Tarquin, Engineering Economy, 6th Edition, McGraw-Hill, 2009.
Course Learning Outcomes
- Identify and apply relevant economic and/or financial considerations in decision-making
- Comment on relationship between interest and money, and understand the time value of money.
- Knowledge on calculating present worth, future worth, discounted project values.
Core Area Distribution
(34) Business and Administration%50 (46) Mathematics and Statistics%25 (48) Computing%10 (52) Engineering and Engineering Trades%15
Teaching Methods
ExpressionQuestion-AnswerExercise and PracticeGroup StudySelf studyProblem Solving
Assessment & Evaluation
HomeworkProject / DesignTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 3 | 5 | 15 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 2 | 2 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to Engineering Economics and Basic Concepts | Reading |
| 2 | Engineering Economics Decisions | Reading |
| 3 | Break-even Analysis | Reading |
| 4 | Time Value of Money and Interest Types | Reading |
| 5 | Cash Flow Calculations | Reading |
| 6 | Present and Future Value Analysis | Reading |
| 7 | Annual Equivalent Calculations | Reading |
| 8 | Ara Sınav | Ara Sınav |
| 9 | Profitability Rate and Payback Period | Reading |
| 10 | Evaluation of Investment Projects | Reading |
| 11 | Renewal Investments | Reading |
| 12 | Location Analysis In Investment Projects | Reading |
| 13 | Inflation, Deflation | Reading |
| 14 | General review of the topics | Reading |
| 15 | final exam | final exam |
| 16 | Final Sınavı | Final Sınavı |