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| Course Description |
|
| Course Name |
: |
Mining Economics |
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| Course Code |
: |
MMD304 |
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| Course Type |
: |
Compulsory |
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| Level of Course |
: |
First Cycle |
|
| Year of Study |
: |
3 |
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| Course Semester |
: |
Spring (16 Weeks) |
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| ECTS |
: |
3 |
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| Name of Lecturer(s) |
: |
Asst.Prof.Dr. HÜSEYİN VAPUR
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| Learning Outcomes of the Course |
: |
Learns about interior-Exterior mining economy
Learns about break-even point, the unit cost of the fixed and variable costs.
Learns about calculation of depreciation.
Learns about applications of interest and compound interest.
Learns about feasibility projects.
Learns about mining projects.
Learns about profitability analysis.
Learns about project evaluation.
Learns about fees systems.
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|
| Mode of Delivery |
: |
Face-to-Face |
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| Prerequisites and Co-Prerequisites |
: |
None |
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| Recommended Optional Programme Components |
: |
None |
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| Aim(s) of Course |
: |
To teach the determination of varieties of income and expenses used in the preparation of the mining projects, preperation of feasibility studies and implementation and evaluation of general mining project development. |
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| Course Contents |
: |
The scope of mining economy, internal and foreign mining economy, fixed and variable cost, unit cost and break-even point, interest and depreciation calculations, investment types, feasibility studies, economic and technical analysis, financial analysis, preparation of mining projects and general topics, the project evaluation. |
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| Language of Instruction |
: |
Turkish |
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| Work Place |
: |
faculty classrooms |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
|
1 |
The main scope of the mining economy, domestic and foreign mining economy and paying the cost |
lecture note (0-13) |
presentation |
|
2 |
Break-even point, the unit cost of the fixed and variable costs |
lecture note (14-25) |
presentation |
|
3 |
calculation methods of depreciation |
lecture note (26-35) |
presentation |
|
4 |
interest and compound interest |
lecture note (36-42) |
presentation |
|
5 |
applications of compound interest |
lecture note (43-53) |
presentation |
|
6 |
types of investment projects and investment |
lecture note (54-67) |
presentation |
|
7 |
Feasibility studies and preparation of investment projects |
lecture note (68-80) |
presentation |
|
8 |
Economic and technical studies |
lecture note (81-95) |
presentation |
|
9 |
midterm exam |
|
|
|
10 |
Financial feasibility and profitability analysis |
lecture note (96-110) |
presentation |
|
11 |
Investment project evaluation methods (static methods) |
lecture note (111-122) |
presentation |
|
12 |
Dynamic methods of project evaluation |
lecture note (123-137) |
presentation |
|
13 |
Wage systems and project implementation |
lecture note (138-158) |
presentation |
|
14 |
Repetition of subject, applications, and make-up examination |
lecture notes |
presentation |
|
15 |
Final Exam |
|
|
|
16/17 |
Make-up exam of final |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Halil Kose, H. Abraham Aksöz, Holiday Hero, 1997, Mining economy (Expanded Second Edition), Dokuz Eylul University Faculty of Engineering Publications, No. 223, 340 pages
Ilker Birdal, 1986, business economics, waterfall bookstore, 280 pages.
Ali Kahraman, 1993, Preparation and Evaluation of Mining Projects, Dilek printer, Sivas, 285 pages
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| |
| Required Course Material(s) | |
|
|
|
Assessment Methods and Assessment Criteria |
|
Semester/Year Assessments |
Number |
Contribution Percentage |
|
Mid-term Exams (Written, Oral, etc.) |
1 |
90 |
|
Homeworks/Projects/Others |
1 |
10 |
|
Total |
100 |
|
Rate of Semester/Year Assessments to Success |
40 |
| |
|
Final Assessments
|
100 |
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Rate of Final Assessments to Success
|
60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Students gain adequate knowledge about the engineering fields in the branches of mathematics, physical sciences or their own branches |
5 |
|
2 |
Students follow the current developments in their fields with a recognition of the need for lifelong learning and constantly improve themselves |
3 |
|
3 |
Students use the theoretical and practical knowledge in mathematics, physical sciences and their fields for engineering solutions |
5 |
|
4 |
Students choose and use the appropriate analytical mehtods and modelling techniques to identify, formulate, and solve the engineering problems |
5 |
|
5 |
Students design and carry out experiments, collect data, analyze and interpret the results. |
4 |
|
6 |
Students gain the capacity to analyze a system, a component, and desing the process under realistic constraints to meet the desired requirements; and the ability to apply the methods of modern design accordingly |
4 |
|
7 |
Students choose and use the modern technical tools necessary for engineering practice. |
3 |
|
8 |
Students gain the ability to work effectively both as an individual and in multi-disciplinary teams. |
5 |
|
9 |
Students use the resources of information and databases for the purpose of doing research and accesing information. |
3 |
|
10 |
Students follow the scientific and technological developments in recognition of the need for lifelong learning, and continuously keep their knowledge up to date. |
3 |
|
11 |
Students use the information and communication technologies together with the computer software at the level required by the European Computer Driving Licence. |
4 |
|
12 |
Students use a foreign language according to the general level of European Language Portfolio B1 to communicate effectively in oral and written form. |
3 |
|
13 |
Students gain the ability to communicate using technical drawing. |
4 |
|
14 |
Students become informed of professional and ethical responsibility. |
5 |
|
15 |
Students develop an awareness as regards project management, workplace practices, employee health, environmental and occupational safety; and the legal implications of engineering applications. |
5 |
|
16 |
Students develop an awareness of the universal and social effects of engineering solutions and applications, the entrepreneurship and innovation subjects and gain knowledge of contemporary issues |
4 |
| * 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 |
|
Class Time (Exam weeks are excluded) |
13 |
2 |
26 |
|
Out of Class Study (Preliminary Work, Practice) |
13 |
3 |
39 |
| Assesment Related Works |
|
Homeworks, Projects, Others |
1 |
2 |
2 |
|
Mid-term Exams (Written, Oral, etc.) |
1 |
4 |
4 |
|
Final Exam |
1 |
4 |
4 |
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Total Workload: | 75 |
| Total Workload / 25 (h): | 3 |
| ECTS Credit: | 3 |
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