| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İ311B3 | Engineering Economics | Compulsory | 3 | 5 | 3 |
|
| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| It is a systematic examination of net project investments depending on the investments and expenditures made in engineering-related businesses and enterprises and as a result of this. |
| Name of Lecturer(s) |
| Dr. Öğr. Üyesi Duygu TEKİN |
| Learning Outcomes |
| 1 | Describe the basic principles of engineering economics | | 2 | will be able to calculate the time value of money by drawing cash flow diagrams. | | 3 | will be able to find the most economical solution among alternatives in engineering problems. | | 4 | will be able to solve problems related to equipment refurbishment. | | 5 | will be able to prepare an economic feasibility report. |
|
| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| none |
| Recommended Optional Programme Components |
|
| Course Contents |
| The main outline of the course is: (a) Identification and formulation of the engineering problem; (b) Economic analysis; (c) Searching for solutions for economic alternatives; (d) Includes the preparation of feasibility reports. |
| Weekly Detailed Course Contents |
|
| 1 | Introduction to Engineering Economics – Basic Definitions and Concepts | | | | 2 | Cost Concept and Costs | | | | 3 | Money and Time Relationships and Cash Flow Model | | | | 4 | Time Value of Money Problems | | | | 5 | Valuation Methods - Equivalent Valuation Methods | | | | 6 | Valuation Methods - Rate of Return Methods | | | | 7 | Valuation Methods - Other Methods | | | | 8 | Midterm | | | | 9 | Methods of Selecting Alternatives | | | | 10 | Methods of Selecting Alternatives | | | | 11 | Depreciation Methods | | | | 12 | Other Economic Analysis - Benefit/Cost Analysis | | | | 13 | Other Economic Analysis - Benefit/Cost Analysis | | | | 14 | Renewal Analysis | | | | 15 | Economic Life Analysis | | |
|
| Recommended or Required Reading |
| 1. Akbıyıklı, R., 2014, Basic Principles and Applications of Engineering Economics, Birsen Publishing House
2. Okka, 0. 2020, Engineering Economics Principles and Practices, Nobel Academic Publishing |
| Planned Learning Activities and Teaching Methods |
|
| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | |
|
| Workload Calculation |
|
| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 2 | 2 |
| Attending Lectures | 14 | 2 | 28 |
| Individual Study for Mid term Examination | 7 | 2 | 14 |
| Individual Study for Final Examination | 7 | 2 | 14 |
| Performance | 5 | 5 | 25 |
| Homework | 3 | 2 | 6 |
|
| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 3 | 4 | 3 | 3 | 1 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | | LO2 | 3 | 4 | 2 | 4 | 1 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | | LO3 | 3 | 4 | 2 | 4 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | | LO4 | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | | LO5 | 2 | 3 | 2 | 3 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
|
| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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