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Information
| Code | IMS417 |
| Name | Engineering economy |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi SERKAN AYDINLI |
Course Goal
Introducing Engineering Economics Methods
Course Content
Introducing Engineering Economics Methods
Course Precondition
Should be Mastered basic mathematical calculations
Resources
Engineering Economics: Principles & Applications Prof. Osman OKKA Lecture Notes
Notes
Interest Rate Formula Tables Assoc. Prof. Aybars Ali Fil
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Have mastered the basic concepts, theories and principles |
| LO02 | Interprets cash flow diagrams and equivalent cash flow concepts |
| LO03 | Be able to calculate nominal and effective interest rates for all time periods |
| LO04 | Have mastered Net Present Value |
| LO05 | Have mastered Annual Income Method |
| LO06 | Have mastered Internal Rate of Return Method |
| LO07 | Be able to compare different alternatives by using Engineering Economics Methods. |
| LO08 | Have mastered the concept of depreciation and be able to calculate the depreciation of investments |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Has the basic knowledge of math, science and civil engineering | 1 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Has a good commman of basic concepts, theories and principles in civil engineering. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Independently reviews and learns the applications, makes a critical assessment of the problems faced with, selects the proper technique to formulate problems and propose solutions | 4 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Designs a system, a component or a process in order to meet the needs of various engineering problems within technical, economic, environmental, manufacturability, sustainability limitations. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Selects and uses the modern techniques and tools necessary for engineering practice | 3 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Designs and carries out experiments in the fields of civil engineering, and interprets the results and the data obtained from the experiments | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Gains the abiltiy to work effectively as a member in interdisciplinary teams | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Identifies proper sources of information and databases, reaches them and uses them efficiently. | 3 |
| PLO09 | Bilgi - Kuramsal, Olgusal | Follows the advancements in science and technology being aware of the necessity of lifelong learning and continuously improves her/himself. | 2 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Uses the computers and information technologies related with civil engineering actively. | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Gains the ability to communicate effectively both orally and in writing. | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Communicates using technical drawing | |
| PLO13 | Bilgi - Kuramsal, Olgusal | Constantly improves her/himself by identifying the training needs in scientific, cultural, artistic and social fields. | |
| PLO14 | Bilgi - Kuramsal, Olgusal | Continuously improves her/himself by defining necessities in learning in scientific, social, cultural and artistic areas besides the occupational requirements. | |
| PLO15 | Bilgi - Kuramsal, Olgusal | Has an understanding of entrepreneurship and innovation subjects, and is knowledgeable of contemporary issues. | 2 |
| PLO16 | Bilgi - Kuramsal, Olgusal | Has an awareness of professional and ethical responsibility | |
| PLO17 | Bilgi - Kuramsal, Olgusal | Has the required knowledge in project management, workplace practices, employee health, environmental and occupational safety; and the legal implications of engineering applications. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to Engineering Economics | Introducing lecture sources | Öğretim Yöntemleri: Anlatım |
| 2 | Cash Flow Diagram and Time Value of Money | Repeat the basic concepts | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 3 | Payment Formulas - 1 (P and F formulas) | Repeat the time value of money | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 4 | Payment Formulas - 2 (A and G formulas) | Repeat the time value of money | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 5 | Payment Formulas - Problem Solving | Repeat the payment formulas | Öğretim Yöntemleri: Problem Çözme |
| 6 | Bank Credit System - Concepts of Nominal and Effective Interest Rates | Repeat the interest rates | Öğretim Yöntemleri: Anlatım |
| 7 | General Review | Repeat the previous lessons | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 8 | Mid-Term Exam | Repeat the previous lesson | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Equivalent Cash Flows Principal and Interest Payments | Repeat the time value of money and interest rate | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 10 | The Concept of Inflation and Its Effect on Cash Flows | Repeat the time value of money | Öğretim Yöntemleri: Anlatım |
| 11 | Efficiency Criteria | Repeat the payment formulas | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 12 | Comparison of Different Life Cycle Alternatives | Repeat the efficiency criteria | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 13 | Depreciation and Renewal Analysis | Repeat the basic concepts | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 14 | Economic Feasibility Report | Repeat the previous lessons | Öğretim Yöntemleri: Anlatım |
| 15 | Problem Solving | Repeat the previous lessons | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 16 | Term Exams | none | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | none | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||