TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	3
SEMESTER	Fifth Term (Fall)
NUMBER OF ECTS CREDITS ALLOCATED	4
NAME OF LECTURER(S)	Assistant Professor Nureddin Kırkavak
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Have an abilitiy to understand the basic principles of engineering economy;calculation of ordinary and compound interest, money-time relationships, internal rate of return, inflation and cost analysis. 2) Have an ability to identify, formulate, and solve economy engineering problems. 3) Operate the cash flow of the projects and compare variable enginnering projects in terms of economy. 4) Have a knowledge about models of amortisation and apply them. 5) Use Excel as a tool to solve the problems.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	The course is design for engineering students to explain the relationship between engineering and economics with special emphasis on capital budgeting.
COURSE CONTENTS	WEEK TOPICS 1st Week Engineering Economics, Cost Concepts 2nd Week cost threads 3rd Week Cost Calculation Techniques 4th Week Time Money and Equivalence Relations 5th Week Time Money and Equivalence Relations 6th Week Time Money and Equivalence Relations 7th Week Money Time Relations Practices 8th Week Money Time Relations Practices 9th Week Midterm 10th Week Project Rating 11th Week alternative Benchmarking 12th Week Depreciation and Income Tax 13th Week Cost / Benefit Analysis 14th Week Uncertainty and risk environments
RECOMENDED OR REQUIRED READING	Business Engineering Economy, William G. Sullivan, Pearson International Edition, 14th edition (2009) Fundamentals of Engineering Economics 3/e, Chan S. Park, Auburn University, Prentice Hall, 2013
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Presentation,Project,Other
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 35 Quiz 1 25 Attendance 1 5 Total(%) 65 Contribution of In-term Studies to Overall Grade(%) 65 Contribution of Final Examination to Overall Grade(%) 35 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 2 2 Preparation for Quiz Individual or group work 14 2 28 Preparation for Final exam 1 20 20 Course hours 14 3 42 Preparation for Midterm exam 1 20 20 Laboratory (including preparation) Final exam 1 2 2 Homework Total Workload 114 Total Workload / 30 3,8 ECTS Credits of the Course 4
LANGUAGE OF INSTRUCTION	English
WORK PLACEMENT(S)	No