‘Fire Towers’ for Forest Fires
Prof. Dr. Celalettin Kozanoğlu and Prof. Dr. Murat Aşkar from Izmir University of Economics (IUE) have developed a ‘fire tower’ ...
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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
|
3
|
0
|
3
|
6
|
| Prerequisites | None | |||||
| Course Language | English | |||||
| Course Type | Required (Core Course) | |||||
| Course Level | First Cycle | |||||
| Mode of Delivery | Face-To-Face | |||||
| Teaching Methods and Techniques of the Course |
Problem Solving Lecture /Presentation |
|||||
| National Occupational Classification Code | - | |||||
| Course Coordinator |
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| Course Lecturer(s) |
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| Assistant(s) |
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| Course Objectives | The aim of this course is to equip students with the ability to understand and calculate the necessary criteria for economically evaluating alternative options in engineering decision-making | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning Outcomes |
The students who succeeded in this course;
|
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| Course Description | Fundamental principles of engineering economics; the concept of time value of money, the effects of inflation, and economic equivalence in engineering projects; present worth and annual equivalent value analyses used in the evaluation of engineering project alternatives; rate of return and benefit/cost analyses. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Sustainable Development Goals |
-
|
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|
|
Core Courses |
X
|
| Major Area Courses |
|
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| Supportive Courses |
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|
| Media and Managment Skills Courses |
|
|
| Transferable Skill Courses |
|
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Required Materials | Learning Outcome |
| 1 | Fundamental Concepts of Engineering Economics | Park, S., Fundamentals of Engineering Economics, Chapter 1 | LO1 |
| 2 | Time Value of Money | Park, S., Fundamentals of Engineering Economics, Chapter 2 | LO2 |
| 3 | Time Value of Money | Park, S., Fundamentals of Engineering Economics, Chapter 2 | LO2 |
| 4 | Time Value of Money | Park, S., Fundamentals of Engineering Economics, Chapter 2 | LO2 |
| 5 | General Review and Problem Solving | - | - |
| 6 | Understanding Money Management | Park, S., Fundamentals of Engineering Economics, Chapter 3 | LO2 |
| 7 | Equivalence Calculations in an Inflationary Environment | Park, S., Fundamentals of Engineering Economics, Chapter 4 | LO3 |
| 8 | Midterm Exam | - | - |
| 9 | Present Worth Analysis | Park, S., Fundamentals of Engineering Economics, Chapter 5 | LO4 |
| 10 | Present Worth Analysis | Park, S., Fundamentals of Engineering Economics, Chapter 5 | LO4 |
| 11 | Annual Equivalent Worth Analysis | Park, S., Fundamentals of Engineering Economics, Chapter 6 | LO4 |
| 12 | General Review and Problem Solving | - | - |
| 13 | Analysis of Return Rate | Park, S., Fundamentals of Engineering Economics, Chapter 7 | LO5 |
| 14 | Benefit-Cost Analysis | Park, S., Fundamentals of Engineering Economics, Chapter 8 | LO5 |
| 15 | General Review and Problem Solving | - | - |
| 16 | Final Exam | - | - |
| Course Notes/Textbooks | Park C. S. (2004). Fundamentals of Engineering Economics Fourth Edition. Upper Saddle River NJ: Pearson/Prentice Hall. |
| Suggested Readings/Materials |
Lecture Notes Problem Sets Sullivan W. G. Wicks E. M. & Koeling C. P. (2011). Engineering Economics Fifteenth Edition. Upper Saddle River NJ: Pearson/Prentice Hall. |
EVALUATION SYSTEM
| Semester Activities | Number | Weighting | LO1 | LO2 | LO3 | LO4 | LO5 |
| Quizzes / Studio Critiques | 3 | 15 | X | X | X | X | X |
| Homework / Assignments | 3 | 15 | X | X | X | X | X |
| Midterm | 1 | 35 | X | X | X | ||
| Final Exam | 1 | 35 | X | X | X | X | |
| Total | 8 | 100 |
ECTS / WORKLOAD TABLE
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Participation | - | - | - |
| Theoretical Course Hours | 16 | 3 | 48 |
| Laboratory / Application Hours | - | - | - |
| Study Hours Out of Class | 14 | 3 | 42 |
| Field Work | - | - | - |
| Quizzes / Studio Critiques | 3 | 8 | 24 |
| Portfolio | - | - | - |
| Homework / Assignments | 3 | 8 | 24 |
| Presentation / Jury | - | - | - |
| Project | - | - | - |
| Seminar / Workshop | - | - | - |
| Oral Exams | - | - | - |
| Midterms | 1 | 18 | 18 |
| Final Exam | 1 | 24 | 24 |
| Total | 180 |
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
| # | PC Sub | Program Competencies/Outcomes | * Contribution Level | ||||
| 1 | 2 | 3 | 4 | 5 | |||
| No program competency data found. | |||||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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