Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
2END102Engineering Economics2+0+025

Course Details
Language of Instruction Turkish
Level of Course Unit Bachelor's Degree
Department / Program Industrial Engineering
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course 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 Methods and Techniques
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof. Nilüfer ÇELİKKOL
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources "Engineering Economy", Blank, L., Tarquin, A., 2004
Explanation
Ödev ve sınav sonuçları

Course Category
Engineering %50
Social Sciences %50

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 40
Final examination 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 2 28
Hours for off-the-c.r.stud 14 1 14
Mid-terms 1 10 10
Final examination 1 30 30
Total Work Load   Number of ECTS Credits 3 82

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Students realize necessity of economic analysis for evaluation engineering projects and can analyse engineering problems in terms of economic perspectives.
2 Students can compute present, future, depreciation and capital development values using raw economic costs.
3 Students can assess comparing depreciation computing methods used typically in economic analysis of projects.
4 Students are able to prepare and evaluate plans dealed with production costs and business policies in production or service industries.
5 Students can evaluate results of economic analysis in inflation conditions.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
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 Midterm Exam
10 Inflation and Its Effects on Cash Flows
11 Tax and Depreciation
12 Breakeven Analysis
13 Benefit-Cost Ratios
14 Replacement Analysis I
15 Replacement Analysis II
16 Final Exam


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
C1 5 2 5
C2 5 3 4
C3 3 3 4
C4 4 4 4
C5 4 3 4

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https://obs.gedik.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=204992&curProgID=5582&lang=en