FACULTY OF ENGINEERING
Department of Civil Engineering
IE 215 | Course Introduction and Application Information
Course Name |
Engineering Economics
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
IE 215
|
Fall/Spring
|
3
|
0
|
3
|
5
|
Prerequisites |
None
|
|||||
Course Language |
English
|
|||||
Course Type |
Elective
|
|||||
Course Level |
First Cycle
|
|||||
Mode of Delivery | - | |||||
Teaching Methods and Techniques of the Course | Problem SolvingLecture / Presentation | |||||
Course Coordinator | ||||||
Course Lecturer(s) | ||||||
Assistant(s) | - |
Course Objectives | To introduce the fundamental concepts of economic analysis for engineering and managerial decision making, to explain how these will affect the functioning of an engineering company and contribute to decision making in engineering operations. |
Learning Outcomes |
The students who succeeded in this course;
|
Course Description | Economic analysis for engineering and managerial decision making. Techniques for evaluating the worth of prospective projects, investment opportunities and design choices. Interest and time value of money, methods for evaluation of alternatives: present worth, annual equivalent worth, rate of return, and payback method. Inflation, after tax economic analysis. Sensitivity and risk analysis. |
|
Core Courses | |
Major Area Courses | ||
Supportive Courses | ||
Media and Management Skills Courses | ||
Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
Week | Subjects | Related Preparation |
1 | Engineering Economic Decisions | Fundamentals of Engineering Economics, Chapter 1 |
2 | Time Value of Money | Fundamentals of Engineering Economics, Chapter 2 |
3 | Time Value of Money | Fundamentals of Engineering Economics, Chapter 2 |
4 | Time Value of Money | Fundamentals of Engineering Economics, Chapter 2 |
5 | Understanding Money Management | Fundamentals of Engineering Economics, Chapter 3 |
6 | Equivalance Calculations Under Inflation | Fundamentals of Engineering Economics, Chapter 4 |
7 | Midterm Exam | |
8 | Present Worth Analysis | Fundamentals of Engineering Economics, Chapter 5 |
9 | Annual Equivalence Analysis | Fundamentals of Engineering Economics, Chapter 6 |
10 | Rate of Return Analysis | Fundamentals of Engineering Economics, Chapter 7 |
11 | Benefit-Cost Analysis | Fundamentals of Engineering Economics, Chapter 8 |
12 | Accounting for Depreciation and Income Taxes | Fundamentals of Engineering Economics, Chapter 9 |
13 | Project Cash Flow Analysis | Fundamentals of Engineering Economics, Chapter 10 |
14 | Review Semester | |
15 | Review Semester | |
16 | Final Exam |
Course Notes/Textbooks | Fundamentals of Engineering Economics, 3rd ed., Chan S. Park, PrenticeHall.. |
Suggested Readings/Materials | Contemporary Engineering Economics, Chan S. Park, 3rd ed., PrenticeHall.Engineering Economy, Leland Blank, Anthony Tarquin, McGrawHill.Principles of Engineering Economic Analysis, John A. White, Marvin H. Agee, Kenneth E. Case, Wiley. |
EVALUATION SYSTEM
Semester Activities | Number | Weigthing |
Participation | ||
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques |
1
|
15
|
Portfolio | ||
Homework / Assignments |
1
|
15
|
Presentation / Jury | ||
Project | ||
Seminar / Workshop | ||
Oral Exams | ||
Midterm |
1
|
35
|
Final Exam |
1
|
35
|
Total |
Weighting of Semester Activities on the Final Grade |
3
|
60
|
Weighting of End-of-Semester Activities on the Final Grade |
1
|
40
|
Total |
ECTS / WORKLOAD TABLE
Semester Activities | Number | Duration (Hours) | Workload |
---|---|---|---|
Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
Study Hours Out of Class |
14
|
3
|
42
|
Field Work |
0
|
||
Quizzes / Studio Critiques |
1
|
12
|
12
|
Portfolio |
0
|
||
Homework / Assignments |
2
|
7
|
14
|
Presentation / Jury |
0
|
||
Project |
0
|
||
Seminar / Workshop |
0
|
||
Oral Exam |
0
|
||
Midterms |
1
|
14
|
14
|
Final Exam |
1
|
20
|
20
|
Total |
150
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
1
|
2
|
3
|
4
|
5
|
||
1 | To have adequate knowledge in Mathematics, Science and Civil Engineering; to be able to use theoretical and applied information in these areas on complex engineering problems. |
|||||
2 | To be able to identify, define, formulate, and solve complex Civil Engineering problems; to be able to select and apply proper analysis and modeling methods for this purpose. |
|||||
3 | To be able to design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the requirements; to be able to apply modern design methods for this purpose. |
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4 | To be able to devise, select, and use modern techniques and tools needed for analysis and solution of complex problems in engineering applications. |
|||||
5 | To be able to design and conduct experiments, gather data, analyze and interpret results for investigating complex engineering problems or Civil Engineering research topics. |
|||||
6 | To be able to work efficiently in Civil Engineering disciplinary and multi-disciplinary teams; to be able to work individually. |
|||||
7 | To be able to communicate effectively in Turkish, both orally and in writing; to be able to author and comprehend written reports, to be able to prepare design and implementation reports, to present effectively, to be able to give and receive clear and comprehensible instructions. |
|||||
8 | To have knowledge about global and social impact of engineering practices on health, environment, and safety; to have knowledge about contemporary issues as they pertain to engineering; to be aware of the legal ramifications of engineering solutions. |
|||||
9 | To be aware of ethical behavior, professional and ethical responsibility; to have knowledge about standards utilized in engineering applications. |
|||||
10 | To have knowledge about industrial practices such as project management, risk management, and change management; to have awareness of entrepreneurship and innovation; to have knowledge about sustainable development. |
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11 | To be able to collect data in the area of Civil Engineering, and to be able to communicate with colleagues in a foreign language; |
|||||
12 | To be able to speak a second foreign language at a medium level of fluency efficiently. |
|||||
13 | To recognize the need for lifelong learning; to be able to access information, to be able to stay current with developments in science and technology; to be able to relate the knowledge accumulated throughout the human history to Civil Engineering. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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