Istanbul Health and Technology University INFORMATION PACKAGE / COURSE CATALOGUE
| Industrial Engineering(English) | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
Course General Introduction Information
| Course Code: | IND303 | ||||
| Course Name: | Mühendislik Ekonomisi | ||||
| Course Semester: | Fall | ||||
| Course Credits: |
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| Language of instruction: | |||||
| Course Requirement: | |||||
| Does the Course Require Work Experience?: | No | ||||
| Type of course: | Necessary | ||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||
| Course Coordinator : | Ar.Gör. HÜSEYİN TANSU YILDIRIM | ||||
| Course Lecturer(s): | |||||
| 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
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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) | Adequate knowledge in mathematics, science, and related engineering discipline; ability to use theoretical and practical knowledge in these areas in complex engineering problems. | |
| 2) | An ability to detect, identify, formulate, and solve complex engineering problems; the ability to select and apply appropriate analysis and modelling methods for this purpose. | |
| 3) | An ability to design a complex system, process, device, or product to meet specific requirements under realistic constraints and conditions; the ability to apply modern design methods for this purpose. | |
| 4) | An ability to develop, select and use modern techniques and tools necessary for the analysis and solution of complex problems in engineering applications. | |
| 5) | An ability to use information technologies effectively. | |
| 6) | Ability to design, conduct experiments, collect data, analyse, and interpret results to investigate complex engineering problems or discipline-specific research topics. | |
| 7) | Ability to work effectively in disciplinary and multidisciplinary teams; ability to work individually. | |
| 8) | Ability to communicate effectively in oral and written Turkish. | |
| 9) | Knowledge of at least one foreign language. | |
| 10) | Ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give clear and understandable instructions. | |
| 11) | Awareness of the necessity of lifelong learning; ability to access information, follow developments in science and technology and ability to renew themselves. |
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 | ||||||