Ondokuz Mayıs Üniversitesi Bilgi Paketi - Ders Kataloğu

Description of Individual Course Units

Course Unit CodeCourse Unit TitleType of CourseYearSemesterECTS
HRT428 Engineering Economics 927006 4 8 3
Level of Course Unit
First Cycle
Objectives of the Course
The aim of the course is to introduce the basic concepts of engineering economics. In this course students will learn the methods which can be used in the areas of decision making and problem solving.
Name of Lecturer(s)
Learning Outcomes
  1. To Understand basic economic terms
  2. To learn production and costs analysis
  3. To understand time value of money
  4. To compare financial methods
Mode of Delivery
Formal Education
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Recommended or Required Reading
• Alim Işık, Engineering Economy, Birsen Publishing House, 2005
• Cassimatis P. A. Concise, Introduction to Engineering Economics, Prentice-Hall
• Thuese G.J. and Fabrycky W. J., Engineering Economy, Prentice-Hall
Planned Learning Activities and Teaching Methods
Language of Instruction
Turkish
Work Placement(s)
None
Course Contents
Law of demand and supply, functions of demand and supply, factors of production, cost analysis, profit maximization, time value of the money, evaluation of the investment projects, feasibility studies. Course Category
Weekly Detailed Course Contents
Week Theoretical Practice Laboratory
1.Introduction to Engineering Economy
2.Cost Concepts and Terminology
3.Cost, volume, profit relations
4.Time Value of Money - Simple and Compound Interest, Cash-Flow Analysis
5.Time Value of Money - Equivalence Calculations, Nominal and Effective Interest Rates
6.Present value and future value calculations
7.Present value and future value calculations
8.Comparison of Alternatives for Equal and Unequal Useful Lives / Rate of Return Methods
9.Midterm exam
10.Comparison of Alternatives
11.Evaluating Projects with the Benefit - Cost Ratio Method
12.Evaluating Projects with the Benefit - Cost Ratio Method
13.Depreciation and Income Taxes Uncertainity and risk analysis
14.Feasibility Analysis
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight (%)
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight (%)
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Workload Calculation
ActivitiesQuantityTime(hours)Total Workload(hours)
Midterm Examination155
Final Examination188
Attending Lectures14342
Problem Solving6212
Self Study428
SUM75