| Course Name | Code | Semester | T+U Hours | Credit | ECTS |
|---|---|---|---|---|---|
| Engineering Economy | ISE 310 | 6 | 3 + 0 | 3 | 5 |
| Precondition Courses | |
| Recommended Optional Courses | |
| Course Language | Turkish |
| Course Level | Bachelor's Degree |
| Course Type | Compulsory |
| Course Coordinator | Doç.Dr. İHSAN HAKAN SELVİ |
| Course Lecturers | Doç.Dr. İHSAN HAKAN SELVİ, |
| Course Assistants | |
| Course Category | |
| Course Objective | The aim is to teach students basic Engineering Economy concepts and helping them to make comparison, choice, analysis and evaluation based on economical diversities between alternatives through performing different economic evaluation methods. |
| Course Content | Basic Concepts, Balance of Cash Flow, Relationships between Time, Money and Interest, Present Worth Method, Annual Worth Method, Future Worth Method, Internal Rate of Return Method, External Rate of Return, Performing Comparison between Alternatives, Cash Flow Analysis After Taxation, Effect of Inflation on Cash Flows, Breakeven Analysis, Benefit-Cost Ratios, Depreciation and Replacement Analysis |
| # | Course Learning Outcomes | Teaching Methods | Assessment Methods |
|---|---|---|---|
| 1 | Students realize necessity of economic analysis for evaluation engineering projects and can analyse engineering problems in terms of economic perspectives. | Lecture, | Testing, |
| 2 | Students can explicate relationship between interest, money and time | Lecture, | Testing, |
| 3 | Students can calculate equal or unequal values when computing time value of money. | Lecture, | Testing, |
| 4 | Students can compute present, future, depreciation and capital development values using raw economic costs. | Lecture, | Testing, |
| 5 | Students compare engineering projects using economic analysis methods. | Lecture, Drilland Practice, | Testing, Project / Design, |
| 6 | Students are able to calculate cash flow and income-cost values for economic analysis methods. | Lecture, Question-Answer, Discussion, Case Study, | Testing, Homework, Project / Design, |
| 7 | Students are able to simulation models when comparing alternatives. | Lecture, Question-Answer, Discussion, Drilland Practice, Case Study, | Testing, Homework, Project / Design, |
| 8 | Students can assess comparing depreciation computing methods used typically in economic analysis of projects. | Lecture, Question-Answer, Discussion, | Testing, Homework, Project / Design, |
| 9 | Students perform replacement analysis for decision of purchasing new machine and equipment. | Lecture, Question-Answer, Discussion, Group Study, Case Study, Project Based Learning, | Testing, Homework, Project / Design, |
| 10 | Students are able to prepare and evaluate plans dealed with production costs and business policies in production or service industries. | Lecture, Question-Answer, Discussion, Drilland Practice, Case Study, Project Based Learning, | Testing, Homework, Project / Design, |
| 11 | Students can compute profitability point using breakeven analysis method. | Lecture, Question-Answer, Discussion, Case Study, Project Based Learning, | Testing, Homework, Project / Design, |
| 12 | Students are able to choose economic analysis method in risk and uncertainty state. | Lecture, Question-Answer, Discussion, Case Study, | Testing, Homework, Project / Design, |
| 13 | Students can evaluate results of economic analysis in inflation conditions. | Lecture, Question-Answer, Discussion, Case Study, | Testing, Homework, Project / Design, |
| Week | Course Topics | Preliminary Preparation |
|---|---|---|
| 1 | Basic Concepts in Engineering Economy | |
| 2 | Interest-Time-Money Relationship I | |
| 3 | Interest-Time-Money Relationship II | |
| 4 | Economic Analysis Methods I | |
| 5 | Economic Analysis Methods II | |
| 6 | Economic Analysis Methods III | |
| 7 | Performing Comparison between Alternatives I | |
| 8 | Performing Comparison between Alternatives II | |
| 9 | Inflation and Its Effects on Cash Flows | |
| 10 | Tax and Depreciation | |
| 11 | Breakeven Analysis | |
| 12 | Benefit-Cost Ratios | |
| 13 | Replacement Analysis I | |
| 14 | Replacement Analysis II |
| Resources | |
|---|---|
| Course Notes | Lecture notes |
| Course Resources | "Engineering Economy", Blank, L., Tarquin, A., 2004 "Engineering Economy", Degarmo, E.P., Sullivan, W.G., Bontadelli, J.A., 2008 "Mühendislik Ekonomisi", Işık, A., 2005 "Mühendislik Ekonomisi", Okka, O., 2010 |
| Order | Program Outcomes | Level of Contribution | |||||
|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | X | ||||||
| 2 | X | ||||||
| 3 | |||||||
| 4 | X | ||||||
| 5 | X | ||||||
| 6 | |||||||
| 7 | |||||||
| 8 | |||||||
| 9 | |||||||
| 10 | X | ||||||
| 11 | |||||||
| 12 | |||||||
| Evaluation System | |
|---|---|
| Semester Studies | Contribution Rate |
| 1. Ödev | 25 |
| 1. Ara Sınav | 25 |
| 2. Ödev | 25 |
| 3. Ödev | 25 |
| Total | 100 |
| 1. Yıl İçinin Başarıya | 40 |
| 1. Final | 60 |
| 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 | 3 | 5 | 15 |
| Final examination | 1 | 12 | 12 |
| Total Workload | 133 | ||
| Total Workload / 25 (Hours) | 5.32 | ||
| dersAKTSKredisi | 5 | ||