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Course Description |
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Course Name |
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Engineering Economics |
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Course Code |
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ENM317 |
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Course Type |
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Compulsory |
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Level of Course |
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First Cycle |
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Year of Study |
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3 |
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Course Semester |
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Fall (16 Weeks) |
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ECTS |
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4 |
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Name of Lecturer(s) |
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InstructorDr. ZAHİDE FİGEN ANTMEN |
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Learning Outcomes of the Course |
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Engineering and leverage what makes the decisions taken
-Interest cash flows, economically synchronized with the help of formulas Engineering and leverage what makes the decisions taken -Interest cash flows, economically synchronized with the help of formulas
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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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To introduce the endustrial engineering students with the subject of evaluation of investment projects and teach them to approach the relevant decision-making processes with the perspective of a financial management approach by teaching them the value of money, project evaluation techniques, determination of cash flows related to investment projects and issues like the cost of capital. |
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Course Contents |
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Industrial engineering students get technical information on investment projects. For this purpose, course, time value of money, project evaluation techniques, determination of cash flows related to investment projects and teaching issues such as the cost of capital.are studied. |
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Language of Instruction |
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Turkish |
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Work Place |
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Industrial Engineering 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 Economic Decisions |
Reading material related to the topic |
Presentation and problem solving |
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2 |
Financial Statement Analysis |
Reading material related to the topic |
Presentation and problem solving |
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3 |
Cost Concept |
Reading material related to the topic |
Presentation and problem solving |
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4 |
Managing Your Money |
Reading material related to the topic |
Presentation and problem solving |
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5 |
Investment Attitudes |
Reading material related to the topic |
Presentation and problem solving |
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6 |
Net Present Value Analysis |
Reading material related to the topic |
Presentation and problem solving |
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7 |
Annual Equivalent Analysis |
Reading material related to the topic |
Presentation and problem solving |
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8 |
Mid-term Exam |
Exam Preparation |
Measuring and evaluation |
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9 |
Rate of Return |
Reading material related to the topic |
Presentation and problem solving |
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10 |
Depreciation Calculations |
Reading material related to the topic |
Presentation and problem solving |
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11 |
Corporate Tax |
Reading material related to the topic |
Presentation and problem solving |
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12 |
Project Cashflow |
Reading material related to the topic |
Presentation and problem solving |
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13 |
Inflation and Project Cashflow |
Reading material related to the topic |
Presentation and problem solving |
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14 |
Project Risk and Uncertainties |
Reading material related to the topic |
Presentation and problem solving |
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15 |
Replecament Decision |
Reading material related to the topic |
Presentation and problem solving |
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16/17 |
Final Exam |
Exam Preparation |
Measuring and evaluation |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
PARK Chan, Contemporary Engineering Economics 3 rd. Ed., Prentice-Hall, 2002, NJ. PARK Chan, Fundamentals Of Engineering Economics, 2004, NJ. OKKA Osman, Mühendislik Ekonomisi, Nobel Yayın Dağıtım, 2006. OKKA Osman, Mühendislik Ekonomisine Giriş, Nobel, 2003. TOLGA E., KAHRAMAN C., Mühendislik Ekonomisi, İTU,1994.
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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 |
4 |
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* |
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1 |
Can collect and analyze data required for industrial engineering problems ,develops and evaluates alternative solutions. |
5 |
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2 |
Has sufficient background on topics related to mathematics, physical sciences and industrial engineering. |
4 |
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3 |
Gains ability to use the acquired theoretical knowledge on basic sciences and industrial engineering for describing, formulating and solving an industrial engineering problem, and to choose appropriate analytical and modeling methods. |
5 |
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4 |
Gains ability to analyze a service and/or manufacturing system or a process and describes, formulates and solves its problems . |
5 |
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5 |
Gains ability to choose and apply methods and tools for industrial engineering applications. |
5 |
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6 |
Can access information and to search/use databases and other sources for information gathering. |
5 |
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7 |
Works efficiently and takes responsibility both individually and as a member of a multi-disciplinary team. |
3 |
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8 |
Appreciates life time learning; follows scientific and technological developments and renews himself/herself continuously. |
3 |
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9 |
Can use computer software in industrial engineering along with information and communication technologies. |
3 |
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10 |
Can use oral and written communication efficiently. |
3 |
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11 |
Has a conscious understanding of professional and ethical responsibilities. |
4 |
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12 |
Uses English skills to follow developments in industrial engineering and to communicate with people in his/her profession. |
3 |
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13 |
Has a necessary consciousness on issues related to job safety and health, legal aspects of environment and engineering practice. |
4 |
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14 |
Becomes competent on matters related to project management, entrepreneurship, innovation and has knowledge about current matters in industrial engineering. |
5 |
| * 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 |
2 |
28 |
| Assesment Related Works |
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Homeworks, Projects, Others |
4 |
5 |
20 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
2 |
2 |
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Final Exam |
1 |
2 |
2 |
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Total Workload: | 94 |
| Total Workload / 25 (h): | 3.76 |
| ECTS Credit: | 4 |
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