GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
ECONOMY/TOS408
Course Title: ECONOMY
Credits 2 ECTS 2
Semester 8 Compulsory/Elective Elective
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Assoc. Prof. Dr. Hakan ÇERÇİOĞLU
 -- WEB SITE(S) OF LECTURER(S)
  http://www.websitem.gazi.edu.tr/site/cercioglu
 -- EMAIL(S) OF LECTURER(S)
  cercioglu@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
- Understanding the concepts of time and money
- To establish the investment alternatives and decide which is suitable by using the suitable methods.
- Replacement analysis.
-To introduce the economic decision technics in an inflationary environment, and also an environment which has taxed and depreciated income.
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 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisite or co-requisite for this course.
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course.
 --COURSE CONTENT
1. Week  -Economic Decision making in Engineering
2. Week  -Engineering Economic Decisions
3. Week  -The Time Value of Money
4. Week  -Evaluation of Interest Rates
5. Week  -Proporties of methods for comparing investment alternatives
6. Week  -Methods for comparing investment alternatives: Present worth comparisons
7. Week  -Methods for comparing investment alternatives: annual equivalent comparisons
8. Week  -Methods for comparing investment alternatives: rate of return comparisons
9. Week  -Methods for comparing investment alternatives: comparisons based on layout period, Future worth comparisons
10. Week  -Mid-Term
11. Week  -Methods for comparing investment alternatives: benefit-cost ratio analysis
12. Week  -Sensitivity Analysis
13. Week  -Decision making with inflation
14. Week  -Special topics in engineering economics: Calculation of economic-life of investments
15. Week  -Special topics in engineering economics: Replacement analysis, calculation of investments
16. Week  -Final Exam
 -- RECOMMENDED OR REQUIRED READING
  Mühendislik Ekonomisi Prensipler ve Uygulamalar. Osman OKKA. 6. Basım, Ocak 2016. Nobel Yayın. Contemporary Engineering Economics” , Park C.S., , 6th Edition,2016, Pearson.
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question & Answer, Demonstration, Drill - Practise
 -- WORK PLACEMENT(S)
  -
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
40
 Assignment
2
20
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
60
 Contribution of Final Examination to Overall Grade  
40
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
14
2
28
 Practising Hours of Course Per Week
14
0
0
 Reading
14
0
0
 Searching in Internet and Library
14
0
0
 Designing and Applying Materials
14
0
0
 Preparing Reports
14
0
0
 Preparing Presentation
14
0
0
 Presentation
14
0
0
 Mid-Term and Studying for Mid-Term
1
6
6
 Final and Studying for Final
1
9
9
 Other
0
0
0
 TOTAL WORKLOAD: 
43
 TOTAL WORKLOAD / 25: 
1.72
 ECTS: 
2
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1Have sufficient theoretical and practical background for a successful profession and application skills of fundamental scientific knowledge in the engineering practice
2Have skills and professional background in describing, formulating, modeling and analyzing the engineering problem, with a consideration for appropriate analytical solutions in all necessary situations
3Have the necessary technical, academic and practical knowledge and application confidence in the design and assessment of machines or mechanical systems or industrial processes with considerations of productivity, feasibility and environmental and social aspects.X
4Have the ability of designing and conducting experiments, conduction data acquisition and analysis and making conclusionsX
5Have the practice of selecting and using appropriate technical and engineering tools in engineering problems, and ability of effective usage of information science technologiesX
6Have ability of identifying the potential resources for information or knowledge regarding a given engineering issueX
7Have abilities and performance to participate multi-disciplinary groups together with the effective oral and official communication skills and personal confidenceX
8Have motivation for life-long learning and having known significance of continuous education beyond undergraduate studies for science and technologyX
9Is aware of the importance of safety and healthiness in the project management, workshop environment as well as related legal issues
10Have the ability for effective oral and official communication skills in Turkish Language and, at minimum, one foreign languageX
11Have consciousness for the results and effects of engineering solutions on the society and universe, awareness for the developmental considerations with contemporary problems of humanity
12well-structured responsibilities in profession and ethicsX