Course Name Code Semester T+U Hours Credit ECTS
Engineering Economics ENM 222 4 3 + 0 3 6
Precondition Courses
Recommended Optional Courses
Course Language Turkish
Course Level Bachelor's Degree
Course Type Compulsory
Course Coordinator Doç.Dr. GÜLGÜN DEDE
Course Lecturers Doç.Dr. GÜLGÜN DEDE,
Course Assistants
Course Category
Course Objective Aim of this course is systematic study of net project investments as a result of investments and expenditures in works and enterprises in relation to engineering
Course Content Main items of the contents of the course:

(a) Determination and formulation of the engineering problem;

(b) Analyzing the problem;

(c) Investigating alternative solutions for the problem;

(d) Determination of the alternatives to be chosen;

(e) Economically decision making for the chosen alternative.
# Course Learning Outcomes Teaching Methods Assessment Methods
1 He/She defines the fundamental principles of Engineering Economics Lecture, Testing,
2 He/She comprehends the costs and their differences in Engineering Economics Lecture, Testing,
3 He /She comprehends the cash-flow concept and cash-flow diagrams Lecture, Testing,
4 He/She applies the Time Value of Money in real life problems Lecture, Testing, Homework,
5 He/She applies the Valuation Methods’ problem solving techniques Lecture, Testing, Homework,
6 He/She analyzes the investment alternatives in engineering economics problems Lecture, Testing, Homework,
7 He/She applies the Depreciation Methods to the engineering economics problems He/She applies the Depreciation Methods to the engineering economics problems Lecture, Testing, Homework,
8 He/She applies Break-Even Analysis and Benefit-Cost Methods in Engineering Problems. Lecture, Testing, Homework,
Week Course Topics Preliminary Preparation
1 Introduction to Engineering Economics Fundamental Definitions and Concepts
2 Cost Concepts and Costs
3 Cost Concepts and Costs
4 Money and Time Relations (Time Value of Money) and Cash Flow Model
5 Money and Time Relations (Time Value of Money) and Cash Flow Model
6 a) Nominal and Effective Interest Rates b) Arithmetic and Geometric Gradient Cash Flow Series
7 Productivity Evaluation Methods
8 Rate of Return Methods
9 Rate of Return Methods
10 Selection Methods Among Alternatives
11 Depreciation Methods
12 Break-even Analysis
13 Break-even Analysis and Sensitivity Analysis
14 Cost/Benefit Analysis
Course Notes
Course Resources 1. DeGarmo, E.P., Sullivan, W.G. & Canada, J.R. (1984), Engineering Economy 7th Edn., Collier Macmillan Publishers, London, UK.
2. White, J.A., Agee, M.H. & Case, K.E. (1989), Principles of Engineering Economic Analysis, 3rd Ed., John Wiley & Sons, New York, USA.
3. Grant, E.L., Ireson, W.G. & Leavenworth, R.S. (1990), Principles of Engineering Economy, 8th Ed., John Wiley, USA.
4. Newman, D.G., Escehenbach, T.G. & Lavelle, J.P. (2004), Engineering Economic Analysis, 9th Ed., Oxford University Pres, New York, USA.
5. Park, C.S. (2002), Contemporary Engineering Economics, 3rd Ed., Prentice Hall.
6. Park, C. S. (2004), Fundamentals of Engineering Economics, Pearson Education Inc., New Jersey, USA.
Order Program Outcomes Level of Contribution
1 2 3 4 5
1 Engineering graduates with sufficient knowledge background on science and engineering subjects of their related area, and who are skillful in implementing theoretical and practical knowledge for modelling and solving engineering problems.
2 Engineering graduates with skills in identifying, describing, formulating and solving complex engineering problems, and thus,deciding and implementing appropriate methods for analyzing and modelling. X
3 Engineering graduates with skills in designing a complex system, process, device or product under realistic constraints and conditions to meet specific requirements; for this purpose, skills in implementing modern design methods. X
4 Engineering graduates with skills in developing, selecting and implementing modern techniques and tools required for engineering applications as well as with skills in using information technologies effectively.
5 Engineering graduates with skills in designing and conducting experiments, collecting data, analyzing and interpreting the results in order to evaluate engineering problems. X
6 Engineering graduates who are able to work within a one discipline or multi-discipline team,as well as who are able to work individually
7 Engineering graduates who are able to effectively communicate orally and officially in Turkish Language as well as who knows at least one foreign language.
8 Engineering graduates with motivation to life-long learning and having known significance of continuous education beyond undergraduate studies for science and technology.
9 Engineering graduates with well-structured responsibilities in profession and ethics.
10 Engineering graduates having knowledge about practices in professional life such as project management, risk management and change management, and who are aware of innovation and sustainable development. X
11 Engineering graduates having knowledge about universal and social effects of engineering applications on health, environment and safety, as well as having awareness for juridical consequences of engineering solutions.
Evaluation System
Semester Studies Contribution Rate
1. Ödev 10
1. Ara Sınav 50
1. Kısa Sınav 20
2. Kısa Sınav 20
Total 100
1. Yıl İçinin Başarıya 50
1. Final 50
Total 100
ECTS - Workload Activity Quantity Time (Hours) Total Workload (Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 4 64
Mid-terms 1 10 10
Quiz 2 4 8
Performance Task (Application) 2 4 8
Total Workload 138
Total Workload / 25 (Hours) 5.52
dersAKTSKredisi 6