Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
3CE231Engineering Economy2+0+02329.07.2024
Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program Civil Engineering
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course To provide the ability of an engineer to apply economic analysis in an engineering branch that he is an expert, to teach the adequacy and limits of cash flow analysis in the evaluation of investments, to gain the ability to formulate cash flow models in applications.
Course Content Introduction to Engineering Economics. Supply-demand relationship, supply elasticity, demand elasticity. Break-even analysis. Simple interest, compound interest. Money and time relations. Methods of selecting a profitable project. Renewal investments. Economic life analysis. Depreciation Accounts. A general overview of the course.
Course Methods and Techniques
Prerequisites and co-requisities None
Course Coordinator Asist Prof.Dr. Mehmet Sakin
Name of Lecturers None
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Lecture notes
Course Notes Lecture Notes

Course Category
Mathematics and Basic Sciences %40
Engineering %60

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 40
Final examination 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 13 2 26
Hours for off-the-c.r.stud 14 4 56
Mid-terms 1 2 2
Final examination 1 2 2
Total Work Load   Number of ECTS Credits 3 86

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Moves single cash flows on the timeline using compound interest rate
2 Moves annual cash flows on the timeline using compound interest rate.
3 Converts between nominal and effective interest rate
4 Converts cash flows into net present value, net future value, annual series, incremental series and rising series.
5 Compares alternatives using yield analysis.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction to Engineering Economics
2 Supply-demand relationship, supply elasticity, demand elasticity
3 Break-even analysis
4 Simple interest, compound interest
5 Money and time relations
6 Money and time relations
7 Methods of selecting a profitable project
8 Midterm exam
9 Methods of selecting a profitable project
10 Methods of selecting a profitable project
11 Methods of selecting a profitable project
12 renovation investments
13 Economic life analysis
14 Depreciation Accounts

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11
All 5 5
C1 5 5
C2 5 5
C3 5 5
C4 5 5
C5 5 5

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant