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  Course Description
Course Name : Engineering Economics

Course Code : ENM317

Course Type : Compulsory

Level of Course : First Cycle

Year of Study : 3

Course Semester : Fall (16 Weeks)

ECTS : 4

Name of Lecturer(s) : InstructorDr. ZAHİDE FİGEN ANTMEN

Learning Outcomes of the Course : 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

Mode of Delivery : Face-to-Face

Prerequisites and Co-Prerequisites : None

Recommended Optional Programme Components : None

Aim(s) of Course : 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.

Course Contents : 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.

Language of Instruction : Turkish

Work Place : Industrial Engineering classrooms


  Course Outline /Schedule (Weekly) Planned Learning Activities
Week Subject Student's Preliminary Work Learning Activities and Teaching Methods
1 Engineering Economic Decisions Reading material related to the topic Presentation and problem solving
2 Financial Statement Analysis Reading material related to the topic Presentation and problem solving
3 Cost Concept Reading material related to the topic Presentation and problem solving
4 Managing Your Money Reading material related to the topic Presentation and problem solving
5 Investment Attitudes Reading material related to the topic Presentation and problem solving
6 Net Present Value Analysis Reading material related to the topic Presentation and problem solving
7 Annual Equivalent Analysis Reading material related to the topic Presentation and problem solving
8 Mid-term Exam Exam Preparation Measuring and evaluation
9 Rate of Return Reading material related to the topic Presentation and problem solving
10 Depreciation Calculations Reading material related to the topic Presentation and problem solving
11 Corporate Tax Reading material related to the topic Presentation and problem solving
12 Project Cashflow Reading material related to the topic Presentation and problem solving
13 Inflation and Project Cashflow Reading material related to the topic Presentation and problem solving
14 Project Risk and Uncertainties Reading material related to the topic Presentation and problem solving
15 Replecament Decision Reading material related to the topic Presentation and problem solving
16/17 Final Exam Exam Preparation Measuring and evaluation


  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.
Required Course Material(s)


  Assessment Methods and Assessment Criteria
Semester/Year Assessments Number Contribution Percentage
    Mid-term Exams (Written, Oral, etc.) 1 75
    Homeworks/Projects/Others 4 25
Total 100
Rate of Semester/Year Assessments to Success 40
 
Final Assessments 100
Rate of Final Assessments to Success 60
Total 100

  Contribution of the Course to Key Learning Outcomes
# Key Learning Outcome Contribution*
1 Can collect and analyze data required for industrial engineering problems ,develops and evaluates alternative solutions. 5
2 Has sufficient background on topics related to mathematics, physical sciences and industrial engineering. 4
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
4 Gains ability to analyze a service and/or manufacturing system or a process and describes, formulates and solves its problems . 5
5 Gains ability to choose and apply methods and tools for industrial engineering applications. 5
6 Can access information and to search/use databases and other sources for information gathering. 5
7 Works efficiently and takes responsibility both individually and as a member of a multi-disciplinary team. 3
8 Appreciates life time learning; follows scientific and technological developments and renews himself/herself continuously. 3
9 Can use computer software in industrial engineering along with information and communication technologies. 3
10 Can use oral and written communication efficiently. 3
11 Has a conscious understanding of professional and ethical responsibilities. 4
12 Uses English skills to follow developments in industrial engineering and to communicate with people in his/her profession. 3
13 Has a necessary consciousness on issues related to job safety and health, legal aspects of environment and engineering practice. 4
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).

  Student Workload - ECTS
Works Number Time (Hour) Total Workload (Hour)
Course Related Works
    Class Time (Exam weeks are excluded) 14 3 42
    Out of Class Study (Preliminary Work, Practice) 14 2 28
Assesment Related Works
    Homeworks, Projects, Others 4 5 20
    Mid-term Exams (Written, Oral, etc.) 1 2 2
    Final Exam 1 2 2
Total Workload: 94
Total Workload / 25 (h): 3.76
ECTS Credit: 4