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Mechanical Engineering (English)

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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: Spring
Course Credits:
ECTS
5
Language of instruction:
Course Requirement:
Does the Course Require Work Experience?: No
Type of course: Departmental Elective
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):
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) Having advanced theoretical and practical knowledge supported by textbooks, application tools and other resources containing current information in the field.
2) Ability to use advanced theoretical and practical knowledge acquired in the field.
3) Ability to interpret and evaluate data, identify and analyze problems, and develop solution suggestions based on research and evidence, using the advanced knowledge and skills acquired in the field.
4) To be able to inform relevant people and institutions on issues related to the field; Ability to convey thoughts and solution suggestions to problems in written and oral form.
5) Ability to share one's thoughts on issues related to one's field and solutions to problems, supported by quantitative and qualitative data, with experts and non-experts.
6) Ability to organize and implement projects and events for the social environment in which one lives with awareness of social responsibility.
7) Ability to monitor knowledge in the field and communicate with colleagues by using a foreign language at least at the European Language Portfolio B1 General Level.
8) Ability to use information and communication technologies along with computer software at least at the Advanced Level of the European Computer Usage License required by the field.
9) Acting in accordance with social, scientific, cultural and ethical values during the collection, interpretation, application and announcement of the results of data related to the field.
10) Having sufficient awareness about the universality of social rights, social justice, quality culture and protection of cultural values, environmental protection, occupational health and safety.
11) Ability to evaluate the advanced knowledge and skills acquired in the field with a critical approach.
12) Ability to identify learning needs and direct learning
13) Being able to develop a positive attitude towards lifelong learning.
14) Ability to independently carry out an advanced study related to the field.
15) Ability to take responsibility individually and as a team member to solve unforeseen complex problems encountered in field-related applications.
16) Ability to plan and manage activities aimed at the development of the employees under his/her responsibility within the framework of a project.

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