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| Course Description |
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| Course Name |
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Cost Analysis and Engineering Economics |
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| Course Code |
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MTY-500 |
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| Course Type |
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Compulsory |
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| Level of Course |
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Second Cycle |
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| Year of Study |
: |
1 |
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| Course Semester |
: |
Spring (16 Weeks) |
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| ECTS |
: |
6 |
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| Name of Lecturer(s) |
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Prof.Dr. RIZVAN EROL
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| Learning Outcomes of the Course |
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Understands the role of engineering economics tools in engineering decisions.
Analyzes and interprets basic financial tables generally.
Performs basic interest and present value calculations on a given project cash flow diagram.
Makes best economic decisions among project and investment alternatives using a appropriate decision model.
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| Mode of Delivery |
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Face-to-Face |
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| Prerequisites and Co-Prerequisites |
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None |
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| Recommended Optional Programme Components |
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None |
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| Aim(s) of Course |
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The primary of this course is to study basic quantitative methods used in engineering economics and cost analysis with the help of computer programs. |
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| Course Contents |
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Cost factors, accounting of costs, activity based costing, interest/time-value relations, comparison of investment alternatives, financial ratios and planning tecnics, financing of engineering projects, capital budgeting/portfolio analysis, depreciation/inflation, break-even analysis/risk analysis, case study analysis. |
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| Language of Instruction |
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Turkish |
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| Work Place |
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EM classrooms |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
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1 |
Engineering economics decisions |
reading the related textbook chapter |
lecturing, discussion |
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2 |
Analysis of financial tables |
reading the related textbook chapter |
lecturing, discussion |
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3 |
Cost factors and behaviors |
reading the related textbook chapter |
lecturing, discussion |
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4 |
Time value of money |
reading the related textbook chapter |
lecturing, discussion |
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5 |
Debt management |
reading the related textbook chapter |
lecturing, discussion |
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6 |
Investment principles |
reading the related textbook chapter |
lecturing, discussion |
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7 |
Net present value analysis |
reading the related textbook chapter |
lecturing, discussion |
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8 |
Midterm exam |
prepare for the exam |
written exam |
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9 |
Annual Equivalence analysis |
reading the related textbook chapter |
lecturing, discussion |
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10 |
Rate of return analysis |
reading the related textbook chapter |
lecturing, discussion |
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11 |
Depreciation calculations and project cash flows |
reading the related textbook chapter |
lecturing, discussion |
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12 |
Inflation and its impact on cash flows |
reading the related textbook chapter |
lecturing, discussion |
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13 |
Project risks and uncertainties |
reading the related textbook chapter |
lecturing, discussion |
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14 |
Capital budgeting decisions |
reading the related textbook chapter |
lecturing, discussion |
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15 |
Project presentations |
prepare for the presentation |
presentations |
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16/17 |
Final exam |
prepare for the exam |
written exam |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 PARK, C. S., 2011, Contemporary Engineering Economics(5th edition), Prentice-Hall.
ROSS, S. A., WESTERFIELD, R. W. & JORDAN, B. D., 2003, Fundamentals of Corporate Finance, McGraw-Hill.
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| Required Course Material(s) | |
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Assessment Methods and Assessment Criteria |
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Semester/Year Assessments |
Number |
Contribution Percentage |
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Mid-term Exams (Written, Oral, etc.) |
1 |
75 |
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Homeworks/Projects/Others |
5 |
25 |
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Total |
100 |
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Rate of Semester/Year Assessments to Success |
40 |
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Final Assessments
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100 |
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Rate of Final Assessments to Success
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60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Understands, evaluates, interprets and applies knowledge in depth in the field of engineering and technology management, doing scientific research. |
4 |
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2 |
Has comprehensive knowledge about current methods and techniques of engineering and technology management and its limitations. |
4 |
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3 |
Has the ability of describing and applying knowledge despite limited or missing data; integrates knowledge from different disciplines into the present knowledge.
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2 |
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4 |
Designs engineering problems, develops techniques to solve them, using innovative ways. |
3 |
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5 |
Has the ability of designing and applying research based on analytical, modelling and experimental approaches and has the ability to solve problems encountered while conducting such research. |
4 |
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6 |
Works in multi-disciplinary teams, takes a leading role and responsibility and develops approaches for compicated solutions. |
3 |
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7 |
Describes, gathers and uses necessary information and data. |
3 |
|
8 |
Has the ability of developing new and/or original ideas or techniques to come up with innovative solutions for designing systems, components or processes. |
3 |
|
9 |
Presents research findings systematically and clearly in oral or written forms in national or international meetings. |
2 |
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10 |
Understands social and environmental implications of engineering practice. |
3 |
|
11 |
Considers social, scientific and ethical values in all professional activities and while collecting and analysing data and discussing the findings. |
4 |
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12 |
Keeps up with the latest developments in the field. |
3 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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| Student Workload - ECTS |
| Works | Number | Time (Hour) | Total Workload (Hour) |
| Course Related Works |
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Class Time (Exam weeks are excluded) |
14 |
3 |
42 |
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Out of Class Study (Preliminary Work, Practice) |
14 |
3 |
42 |
| Assesment Related Works |
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Homeworks, Projects, Others |
5 |
7 |
35 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
10 |
10 |
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Final Exam |
1 |
10 |
10 |
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Total Workload: | 139 |
| Total Workload / 25 (h): | 5.56 |
| ECTS Credit: | 6 |
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