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School of Engineering and Natural Sciences
Türkçe

Course

İNM4112537

ENGINEERING ECONOMICS

Civil Engineering

LECTURE
3
LAB
0
CREDITS
3
ECTS
6

REQUIRES

None

REQUIRED BY

None

TAUGHT IN

LANGUAGETurkishLEVELFirst Cycle (Bachelor's Degree)TYPERequiredSyllabus (PDF)

AIM

To introduce the basic concepts of the economic analysis of engineering and management decisions, to explain how to apply this concept in the project planning and decision-making process of a firm or government

CONTENT

This course contains; Time Value of Money and Economic Equivalence,Engineering Economy Factors,Nominal and Effective Rates,Present Worth Analysis, Determination of Rate of Return,Resolution of Multiple Rates of Return,Decision Rules in Rate of Return Analysis, Cost-Benefit Analysis,Capital Budgeting,Inflation and Index Numbers,Replacement Analysis,After Tax Economic Analysis,Personal Finance.

LEARNING OUTCOMES

  1. 1

    1. Understands the fundamental principles of engineering economics and their relevance to engineering practice.

    Taught by: Problem Solving Method, Self Study Method, Question - Answer Technique, Lecture Method · Assessed by: Traditional Written Exam, Homework, Quiz

  2. 2

    2. Understands the basic concepts of economics and finance and explains their relationship to engineering economic analysis.

    Taught by: Problem Solving Method, Self Study Method, Question - Answer Technique, Lecture Method · Assessed by: Traditional Written Exam, Homework, Quiz

  3. 3

    3. Can perform cost estimation using engineering economics terms.

    Taught by: Problem Solving Method, Self Study Method, Question - Answer Technique, Lecture Method · Assessed by: Traditional Written Exam, Homework, Quiz

  4. 4

    4. Using engineering economics terminology, derives factors for calculating the time value of money.

    Taught by: Problem Solving Method, Self Study Method, Question - Answer Technique, Lecture Method · Assessed by: Traditional Written Exam, Homework, Quiz

  5. 5

    5. Uses present value and different annual valuation techniques to evaluate or select alternatives.

    Taught by: Problem Solving Method, Self Study Method, Question - Answer Technique, Lecture Method · Assessed by: Traditional Written Exam, Homework, Quiz

  6. 6

    6. Analyzes rate of return and incremental rate of return.

    Taught by: Problem Solving Method, Self Study Method, Question - Answer Technique, Lecture Method · Assessed by: Traditional Written Exam, Homework, Quiz

  7. 7

    7. Does cost/benefit analysis of public sector projects. Uses methods for reducing the book value of capital investment, considers the effects of inflation.

    Taught by: Problem Solving Method, Self Study Method, Question - Answer Technique, Lecture Method · Assessed by: Traditional Written Exam, Homework, Quiz

WEEKLY PLAN

  1. WEEK 1

    Time Value of Money and Economic Equivalence

  2. WEEK 2

    Engineering Economy Factors

  3. WEEK 3

    Nominal and Effective Rates

  4. WEEK 4

    Present Worth Analysis

  5. WEEK 5

    Determination of Rate of Return

  6. WEEK 7

    Resolution of Multiple Rates of Return

  7. WEEK 8

    Decision Rules in Rate of Return Analysis

  8. WEEK 9

    Cost-Benefit Analysis

  9. WEEK 10

    Capital Budgeting

  10. WEEK 11

    Inflation and Index Numbers

  11. WEEK 12

    Replacement Analysis

  12. WEEK 13

    After Tax Economic Analysis

  13. WEEK 14

    Personal Finance

ASSESSMENT

  • Rate of Midterm Exam to Success30%
  • Rate of Final Exam to Success70%

READING

  • Engineering Economy, Leland Blank and Anthony Tarquin, McGraw Hill
  • Lecture notes

TEACHING STAFF

  • Assist.Prof. Engin SANSARCICOORDINATOR
  • Assist.Prof. Engin SANSARCI