GAZI UNIVERSITY INFORMATION PACKAGE - 2018 ACADEMIC YEAR

COURSE DESCRIPTION
ENGINEERING ECONOMICS/MM 314 E
Course Title: ENGINEERING ECONOMICS
Credits 3 ECTS 4
Semester 6 Compulsory/Elective Compulsory
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  English
 -- NAME OF LECTURER(S)
  Prof. Dr. Mustafa YURDAKUL
 -- WEB SITE(S) OF LECTURER(S)
  http://w3.gazi.edu.tr/~yurdakul/, http://www.websitem.gazi.edu.tr/site/yurdakul
 -- EMAIL(S) OF LECTURER(S)
  yurdakul@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Student understands the relationship between expenses per period and cost per unit.
Student learns how a selection is performed among projects and calculates break-even point for a project or between projects.
Student grasps time value of money and its relationship with interest rate.
Student learns conversion of various cash flow distributions to a single value and between themselves.
Student learns how to calculate a project's economic feasibility.
Student learns all different cash flow types depreciation, market value, working capital, inflation and calculates a project's feasibility by includi
Student can calculate an optimum dimension value by using design economics and can make a selection among projects using cost per unit criterion.


 -- MODE OF DELIVERY
  In class, teaching using blackboardprojection machine.
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisiteco-requisite for this course.
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course.
 --COURSE CONTENT
1. Week  INTRODUCTION: OriginsImportance of Engineering Economy, Definition of decision makingselection processes, Accounting Studies, Costrevenue relationship
2. Week  INTRODUCTION: OriginsImportance of Engineering Economy, Definition of decision makingselection processes, Accounting Studies, Costrevenue relationship
3. Week  COST CONCEPTS: Cost terminology, Cost-driven design optimization, Break-even chart applications, Present Economy Studies.
4. Week  FIRST MIDTERM EXAM
5. Week  MONEY-TIME RELATIONSHIPS AND EQUIVALENCE: Origins of Interest, Simple-Interest, Compound Interest, The Concept of Equivalence, NominalEffective Intere
6. Week  MONEY-TIME RELATIONSHIPS AND EQUIVALENCE: Origins of Interest, Simple-Interest, Compound Interest, The Concept of Equivalence, NominalEffective Intere
7. Week  APPLICATIONS OF MONEY-TIME RELATIONSHIPS: Determining minimum attractive rate of return, Present worth method, Future worth method, Annual worth metho
8. Week  SECOND MIDTERM
9. Week  APPLICATIONS OF MONEY-TIME RELATIONSHIPS: Determining minimum attractive rate of return, Present worth method, Future worth method, Annual worth metho
10. Week  COMPARING ALTERNATIVES: Basic Concepts for comparing alternatives, The study period, Case 1: Useful lives are equal to the study period, Case 2: Usefu
11. Week  COMPARING ALTERNATIVES: Basic Concepts for comparing alternatives, The study period, Case 1: Useful lives are equal to the study period, Case 2: Usefu
12. Week  COMBINATIONS OF PROJECTS: Categorization of investment projects, economic evaluation of groups of projects, goal programming applications
13. Week  EVALUATION OF PROJECTS WITH ACTUAL VALUES OF CASH FLOWS: Depreciatıon analysis, Investment Financing, Working Capital, Determination of cash flows
14. Week  EVALUATION OF PROJECTS WITH ACTUAL VALUES OF CASH FLOWS: Depreciatıon analysis, Investment Financing, Working Capital, Determination of cash flows
15. Week  INFLATION AND UNCERTAINTIES IN PROJECT EVALUATION: Inflation its formulation, Affect of inflation in project cash flows.
16. Week  FINAL EXAM
 -- RECOMMENDED OR REQUIRED READING
  1. Engineering Economy, W. G. Sullivan, E. M. Wicks, J. T. Luxhoj, Prentice Hall, Thirteenth Edition, 2006. 2. Contemporary Engineering Economics, 5t
 -- 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
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
4
20
 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
3
42
 Practising Hours of Course Per Week
2
3
6
 Reading
4
2
8
 Searching in Internet and Library
3
2
6
 Designing and Applying Materials
4
3
12
 Preparing Reports
4
4
16
 Preparing Presentation
1
2
2
 Presentation
1
1
1
 Mid-Term and Studying for Mid-Term
1
6
6
 Final and Studying for Final
1
3
3
 Other
0
 TOTAL WORKLOAD: 
102
 TOTAL WORKLOAD / 25: 
4.08
 ECTS: 
4
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1Engineering graduates with sufficient theoretical and practical background for a successful profession and with application skills of fundamental scientific knowledge in the engineering practice.X
2Engineering graduates with skills and professional background in describing, formulating, modeling and analyzing the engineering problem, with a consideration for appropriate analytical solutions in all necessary situationsX
3Engineering graduates with 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
4Engineering graduates with the practice of selecting and using appropriate technical and engineering tools in engineering problems, and ability of effective usage of information science technologiesX
5Ability of designing and conducting experiments, conduction data acquisition and analysis and making conclusions
6Ability of identifying the potential resources for information or knowledge regarding a given engineering issueX
7The abilities and performance to participate multi-disciplinary groups together with the effective oral and official communication skills and personal confidenceX
8Ability for effective oral and official communication skills in Turkish Language and, at minimum, one foreign languageX
9Engineering graduates with motivation to life-long learning and having known significance of continuous education beyond undergraduate studies for science and technologyX
10Engineering graduates with well-structured responsibilities in profession and ethics
11Engineering graduates who are aware of the importance of safety and healthiness in the project management, workshop environment as well as related legal issues
12Consciousness for the results and effects of engineering solutions on the society and universe, awareness for the developmental considerations with contemporary problems of humanityX