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Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course General Introduction Information

Course Code: ENM303
Course Name: Engineering Economics
Course Semester: Spring
Course Credits:
ECTS
6
Language of instruction: TR
Course Requirement:
Does the Course Require Work Experience?: No
Type of course: Area Ellective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator : Ar.Gör. HÜSEYİN TANSU YILDIRIM
Course Lecturer(s): Dr.Öğr.Üyesi KORAY ALTINTAŞ
Course Assistants:

Course Purpose and Content

Course Objectives: Provide knowledge of the development of the concept of engineering economics, its purpose, basic functions, time value of money in economics and business, and analysis of cash flows of investment projects; to explain the methods to be used in the comparison of different investment projects and to ensure that applications are made on these issues.
Course Content: The basic concepts of investment and investment projects / Investment opportunities and types of fixed investments / Cash flows and interest calculations / Present worth analysis / Annual cash flow analysis / Rate of return analysis / Analysis of investment differences and permanent investment increases / Depreciation methods and applications / Income, corporation tax and value-added-tax, inflation and deflation / Payment of tax and engineering economy analysis at cases due to inflation / Revaluation and examine the effects of revaluation to engineering economy / Income, corporation tax and value-added-tax, inflation

Learning Outcomes

The students who have succeeded in this course;
1) Gains the information about the basic structure and elements of an investment project
2) Gains the information of investment types, time value of money and interest, interest formulas and knowledge of types of interest.
3) Adapts the economical terms in real life problems.
4) Makes investment selection by using investment cost.
5) Makes comparison of investments by using internal rate of return.

Course Flow Plan

Week Subject Related Preparation
1) Investment and the basic concepts of investment projects
2) Investment opportunities and types of fixed investment
3) Cash flows and interest accounts
4) Present worth analysis
5) Annual cash flow analysis
6) Rate of return analysis
7) Analysis of investment differences and permanent investment increases
8) Midterm
9) Benefit-cost ratio analysis
10) Depreciation methods and applications
11) Income, corporation tax and value-added-tax
12) Inflation and deflation
13) Payment of tax and engineering economy analysis at cases due to inflation
14) Replacement analysis and examine the effects of replacement analysis to engineering economy
15) Final Exam

Sources

Course Notes / Textbooks: Park, C. S. (2015). Contemporary engineering economics, 6th edition. Pearson.
Park S. Chan, (2013), Fundamentals of Engineering Economics, 3rd edition, Pearson Education
References: Park, C. S. (2015). Contemporary engineering economics, 6th edition. Pearson.
Park S. Chan, (2013), Fundamentals of Engineering Economics, 3rd edition, Pearson Education

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Medium 3 Highest
       
Program Outcomes Level of Contribution
1) Ability to utilize advanced theoretical and applied knowledge in the field.
2) Using the advanced knowledge and skills acquired in the field, being able to interpret and evaluate data, identify problems, analyze them, and develop solution proposals based on research and evidence.
3) Being able to organize and implement projects and activities for the social environment in which one lives with a sense of social responsibility.
4) Being able to follow information in one foreign language at least at the European Language Portfolio B1 General Level and communicate with colleagues in the field.
5) Ability to use information and communication technologies together with at least European Computer Driving License Advanced Level computer software, as required by the field.
6) Being able to evaluate advanced knowledge and skills in the field critically.
7) Identifying learning needs and being able to direct learning.
8) Developing a positive attitude towards lifelong learning.
9) Acting in accordance with social, scientific, cultural, and ethical values ​​in the stages of collecting, interpreting, applying, and announcing the results related to the field.
10) Having sufficient awareness about the universality of social rights, social justice, quality culture, preservation of cultural values, as well as environmental protection, occupational health, and safety.
11) Being able to conduct an advanced study independently in the field.
12) To take responsibility individually and as a team member to solve complex problems encountered in the field of application, which are unforeseen.
13) Being able to plan and manage activities for the development of those under their responsibility within the framework of a project.
14) Possess advanced level theoretical and practical knowledge supported by textbooks with updated information, practice equipments and other resources.
15) Being able to inform relevant individuals and institutions about the field; expressing their thoughts and solution proposals for problems both in written and verbal form.
16) Being able to share your thoughts and solutions regarding subjects related to the field with both experts and non-experts, supported by quantitative and qualitative data.

Learning Activity and Teaching Methods

Bireysel çalışma ve ödevi
Course
Homework
Problem Çözme

Measurement and Evaluation Methods and Criteria

Yazılı Sınav (Açık uçlu sorular, çoktan seçmeli, doğru yanlış, eşleştirme, boşluk doldurma, sıralama)
Homework

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Attendance 14 % 0
Homework Assignments 1 % 30
Midterms 1 % 30
Final 1 % 40
total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
total % 100

İş Yükü ve AKTS Kredisi Hesaplaması

Activities Number of Activities Aktiviteye Hazırlık Aktivitede Harçanan Süre Aktivite Gereksinimi İçin Süre Workload
Course Hours 14 3 42
Study Hours Out of Class 14 4 56
Homework Assignments 1 15 15
Midterms 1 15 15
Final 1 15 15
Total Workload 143