Course Name Code Semester T+U Hours Credit ECTS
Engineering Economics ENM 211 3 3 + 0 3 4
Precondition Courses
Recommended Optional Courses
Course Language Turkish
Course Level Bachelor's Degree
Course Type Compulsory
Course Coordinator Arş.Gör.Dr. ESRA DOBRUCALI
Course Lecturers Dr.Öğr.Üyesi BEYTULLAH EREN, Arş.Gör.Dr. ESRA DOBRUCALI,
Course Assistants
Course Category
Course Objective Providing systematic study of net project investments as a result of and depending on the investments and expenditures done in relation to the engineering related works and business
Course Content Main items of the contents of the course:
(a) Determination and formulation of the engineering problem;
(b) Making the economic analysis;
(c) Investigating alternative solutions for the problem;
(d) Preparing Feasibility Reports.
# Course Learning Outcomes Teaching Methods Assessment Methods
1 Be able to to describe the basic principles of Engineering Economics. Lecture, Case Study, Testing,
2 Be able to calculate the time value of money by making cash flow diagrams. Lecture, Problem Solving, Testing,
3 Be able to find the most economical solution among the alternatives in engineering problems. Lecture, Problem Solving, Testing,
4 Be able to solve the problems related to equipment replacement. Lecture, Problem Solving, Testing,
5 Able to prepare economic feasibility reports. Lecture, Group Study, Project Based Learning, Homework,
Week Course Topics Preliminary Preparation
1 Introduction to Engineering Economics Fundamental Definitions and Concepts
2 Cost Concepts and Costs
3 Money and Time Relations (Time Value of Money) and Cash Flow Model
4 Numerical Examples of Time Value of Money
5 Productivity Evaluation Methods
6 Rate of Return Methods
7 Rate of Return Methods
8 Selection Methods Among Alternatives
9 Depreciation Methods
10 Break-Even Analysis
11 Cost/Benefit Analysis
12 Sensitivity Analysis
13 Economical Life Analysis
14 Replacement Analysis
Course Notes OKKA, O., Engineering Economics - Principles and Practice, Nobel Publishing & Distributing, 5nd Ed.
Course Resources 1-METU Open Source Lecture Notes:
2- Blank, L.T., Tarquin,A.J., Engineering Economy, 7th Ed. McGraw Hill, 1996
3-William G. Sullivan, Elin M. Wicks and C. Patrick Koelling. Engineering Economy, 15/Ed. 2012 Prentice Hall, Cloth, 672 pp.
4- E. P. Degarmo, W. G. Sullivan and J. A. Bontadelli, Engineering Economy, Macmillan Publishing Company, Eight Edition
5- NEWMAN, LAVELLE and ESCHENBACH, Engineering Economy Analysis, Engineering Press (8th edition)
6-PARK, Fundamentals of Engineering Economics, Pearson Prentice Hall, (2nd edition)
7-Işık, A., Engineering Economy, Birsen Publishing, 2012
8-Eski, H., Armaneri, Ö., Engineering Economics. Gazi Publishing, 2006
9-Baş, E., Engineering Economics, Beta Publishin & Distributing, 2012/First Ed. / 391 pp.
10- Akbıyıklı, R., Engineering Economics Principles and Practice, 2nd Ed., Birsen Publishing.
Order Program Outcomes Level of Contribution
1 2 3 4 5
1 Comprehend science and advanced mathematics subjects fundamental to engineering; An ability to apply knowledge of mathematics, science, and engineering to solve civil engineering problems X
2 An ability to analyze and model civil engineering systems specific problems, identify and define the appropriate requirements for their solutions. X
3 An ability to design, implement and evaluate a civil engineering systems, component, process or program that meets specified requirements.
4 Use the techniques, skills, and modern tools of engineering effectively and correctly in engineering practice X
5 An ability to gather/acquire, analyze, interpret data and make decisions to understand civil engineering problems
6 An ability to work effectively in inter- and in-disciplinary teams or individually. X
7 An ability to communicate effectively in Turkish and English. X
8 Recognition of the need for, and the ability to access information, to follow recent developments in science and technology and to engage in life-long learning.
9 An understanding of professional, legal, ethical and social issues and responsibilities related to computer engineering.
10 Skills in project and risk management, awareness about importance of entrepreneurship, innovation and long-term development, and recognition of international standards and methodologies. X
11 An understanding about the impact of Civil  Engineering solutions in a global, environmental, societal and legal context while making decisions.
Evaluation System
Semester Studies Contribution Rate
1. Ara Sınav 60
1. Kısa Sınav 10
2. Kısa Sınav 10
3. Kısa Sınav 20
Total 100
1. Yıl İçinin Başarıya 60
1. Final 40
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 3 48
Mid-terms 1 10 10
Quiz 2 10 20
Assignment 1 10 10
Total Workload 136
Total Workload / 25 (Hours) 5.44
dersAKTSKredisi 4