Istanbul Health and Technology University INFORMATION PACKAGE / COURSE CATALOGUE
| Engineering Management (With Thesis) | |||||
| Master | TR-NQF-HE: Level 7 | QF-EHEA: Second Cycle | EQF-LLL: Level 7 | ||
Course General Introduction Information
| Course Code: | MHY507 | ||||
| Course Name: | Engineering Economics | ||||
| Course Semester: | Fall | ||||
| Course Credits: |
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| Language of instruction: | TR | ||||
| Course Requirement: | |||||
| Does the Course Require Work Experience?: | No | ||||
| Type of course: | Area Ellective | ||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||
| Course Coordinator : | Ar.Gör. HAZAL YAREN YALIRSU | ||||
| Course Lecturer(s): | Dr. Öğretim Üyesi Deniz Turhan | ||||
| Course Assistants: |
Course Purpose and Content
| Course Objectives: | To be able to evaluate and compare different investment projects. Once the financial values of the projects are calculated, students are expected to develop the capabilities to assess which project is a more favorable investment |
| Course Content: | Terminology and cash flow diagrams. Interest factors and their use. Nominal and effective interest rates. Continuous compounding. Present worth and capitalized cost analysis. Uniform annual cash flow analysis. Rate of return analysis. Internal and external rates of return. Benefit / cost ratio analysis. Payback period analysis. Replacement analysis. Inflation-interest relations. Depreciation. Depletion. Breakeven analysis. Sensitivity analysis. |
Learning Outcomes
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The students who have succeeded in this course;
1) To be able to discuss time value of money and interest rates 2) To be able to develop cash flows 3) To be able to compare cashflows employing PV, FV, AE and similar analysis 4) To be able to compare investment alternatives using NPV, IRR and similar analysis |
Course Flow Plan
| Week | Subject | Related Preparation |
| 1) | Introduction to Engineering Economics | |
| 2) | Time Value of Money: Interest Rates and Cash Flows I | |
| 3) | Time Value of Money: Interest Rates and Cash Flows II | |
| 4) | Time Value of Money: Interest Rates and Cash Flows III | |
| 5) | : Net Present Value Analysis | |
| 6) | Annual Equivalent Analysis | |
| 7) | Rate of Return Analysis | |
| 8) | Benefit-Cost Ratio and Payback Period Analysis | |
| 9) | Renewal Analysis | |
| 10) | Risk, Uncertainty and Sensitivity Analysis | |
| 11) | : Post Tax and Depreciation Considerations | |
| 12) | Inflation, Cost of Capital, Minimum Attractive Rate of Return I | |
| 13) | : Inflation, Cost of Capital, Minimum Attractive Rate of Return II | |
| 14) | Problem Session |
Sources
| Course Notes / Textbooks: | Mühendislik Ekonomisi, Ethem Tolga, Cengiz Kahraman |
| References: | Mühendislik Ekonomisi, Ethem Tolga, Cengiz Kahraman |
Course - Learning Outcome Relationship
| No Effect | 1 Lowest | 2 Medium | 3 Highest |
| Program Outcomes | Level of Contribution |
Learning Activity and Teaching Methods
Measurement and Evaluation Methods and Criteria
Assessment & Grading
| Semester Requirements | Number of Activities | Level of Contribution |
| Presentation | 1 | % 30 |
| Midterms | 1 | % 30 |
| Final | 1 | % 40 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 60 | |
| PERCENTAGE OF FINAL WORK | % 40 | |
| total | % 100 | |