GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
ENGINEERING ECONOMICS/ME315
Course Title: ENGINEERING ECONOMICS
Credits 3 ECTS 4
Course Semester 5 Type of The Course Compulsory
COURSE INFORMATION
 -- (CATALOG CONTENT)
 -- (TEXTBOOK)
 -- (SUPPLEMENTARY TEXTBOOK)
 -- (PREREQUISITES AND CO-REQUISITES)
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- COURSE OBJECTIVES
 -- COURSE LEARNING OUTCOMES
Be able to calculate cost per unit, break-even point and compare projects without interest
Understand time value of money and its relation to interest rate
Determine a project’ economic feasibility using present worth, future worth, annual worth and internal rate of return methods.
Understand the depreciation, inflation and their effects on a project’s economic feasibily
Be able to infer inflation rate from index numbers
Compare mutually exclusive alternatives by different evaluation methods
Make feasility stuies
 -- MODE OF DELIVERY
  In class, teaching using black board projection machine.
 --WEEKLY SCHEDULE
1. Week  INTRODUCTION: OriginsImportance of Engineering Economy, Definition of decision making selection processes, Accounting Studies, Costrevenue relationshi
2. Week  INTRODUCTION: OriginsImportance of Engineering Economy, Definition of decision making selection processes, Accounting Studies, Costrevenue relationshi
3. Week  COST CONCEPTS: Cost terminology, Cost-driven design optimization, Break-even chart applications, Present Economy Studies.
4. Week  MONEY-TIME RELATIONSHIPS AND EQUIVALENCE: Origins of Interest, Simple-Interest, Compound Interest, The Concept of Equivalence, NominalEffective Intere
5. Week  MONEY-TIME RELATIONSHIPS AND EQUIVALENCE: Origins of Interest, Simple-Interest, Compound Interest, The Concept of Equivalence, NominalEffective Intere
6. Week  APPLICATIONS OF MONEY-TIME RELATIONSHIPS: Determining minimum attractive rate of return, Present worth method, Future worth method, Annual worth metho
7. Week  COMPARING ALTERNATIVES: Basic Concepts for comparing alternatives, The study period, Case 1: Useful lives are equal to the study period, Case 2: Usefu
8. Week  COMPARING ALTERNATIVES: Basic Concepts for comparing alternatives, The study period, Case 1: Useful lives are equal to the study period, Case 2: Usefu
9. Week  COMBINATIONS OF PROJECTS: Categorization of investment projects, economic evaluation of groups of projects, goal programming applications
10. Week  COMBINATIONS OF PROJECTS: Categorization of investment projects, economic evaluation of groups of projects, goal programming applications
11. Week  EVALUATION OF PROJECTS WITH ACTUAL VALUES OF CASH FLOWS: Depreciatıon analysis, Investment Financing, Working Capital, Determination of cash flows
12. Week  EVALUATION OF PROJECTS WITH ACTUAL VALUES OF CASH FLOWS: Depreciatıon analysis, Investment Financing, Working Capital, Determination of cash flows
13. Week  INFLATION AND UNCERTAINTIES IN PROJECT EVALUATION: Inflation its formulation, Affect of inflation in project cash flows.
14. Week  INFLATION AND UNCERTAINTIES IN PROJECT EVALUATION: Inflation its formulation, Affect of inflation in project cash flows.
15. Week  
16. Week  
 -- TEACHING and LEARNING METHODS
 -- ASSESSMENT CRITERIA
 
Quantity
Total Weighting (%)
 Midterm Exams
1
40
 Assignment
0
0
 Application
0
0
 Projects
0
0
 Practice
0
0
 Quiz
3
15
 Percent of In-term Studies  
60
 Percentage of Final Exam to Total Score  
40
 -- WORKLOAD
 Activity  Total Number of Weeks  Duration (weekly hour)  Total Period Work Load
 Weekly Theoretical Course Hours
14
3
42
 Weekly Tutorial Hours
0
 Reading Tasks
13
2
26
 Searching in Internet and Library
9
2
18
 Material Design and Implementation
0
 Report Preparing
0
 Preparing a Presentation
0
 Presentation
0
 Midterm Exam and Preperation for Midterm Exam
1
7
7
 Final Exam and Preperation for Final Exam
1
7
7
 Other (should be emphasized)
0
 TOTAL WORKLOAD: 
100
 TOTAL WORKLOAD / 25: 
4
 Course Credit (ECTS): 
4
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied knowledgein these areas in complex engineering problems.X
2Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modeling methods for this purpose.X
3Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; ability to apply modern design methods for this purpose.X
4Ability to devise, select, and use modern techniques and tools needed for analyzing and solving complex problems encountered in engineering practice; ability to employ information technologies effectively.X
5Ability to design and conduct experiments, gather data, analyze and interpret results for investigating complex engineering problems or discipline specific research questions.
6Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.X
7Ability to communicate effectively in Turkish, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions.X
8Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.X
9Consciousness to behave according to ethical principles and professional and ethical responsibility; knowledge on standards used in engineering practice.X
10Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about sustainable development.X
11Knowledge about the global and social effects of engineering practices on health, environment, and safety, and contemporary issues of the century reflected into the field of engineering; awareness of the legal consequences of engineering solutions.X
 -- NAME OF LECTURER(S)
   ( Prof. Mustafa YURDAKUL)
 -- WEB SITE(S) OF LECTURER(S)
   (https://websitem.gazi.edu.tr/site/yurdakul)
 -- EMAIL(S) OF LECTURER(S)
   (yurdakul@gazi.edu.tr)