TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	2
SEMESTER	Third Term (Fall)
NUMBER OF ECTS CREDITS ALLOCATED	4
NAME OF LECTURER(S)	Assistant Professor Gözde Bilgin
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Have an ability to understand the basic principles of engineering economy; calculation of simple and compound interest, time value of money, internal rate of return, inflation and cost analysis, 2) Have an ability to identify, formulate, and solve engineering economy problems, 3) Operate the cash flow of the projects and compare variable engineering projects in terms of economy, 4) Have a knowledge about depreciation models and apply them, 5) Have a knowledge about sustainable development.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	This course handles the time value of money and methods of comparing alternatives from economic point of view, thus aims enabling students to make suitable decisions when they have to make a decision on an economical basis in their professional life.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction to Economy 2nd Week Introduction to Engineering Economy and Economic Decision Parameters 3rd Week Simple and Compound Interest 4th Week Effective and Nominal Interest 5th Week Methods of Comparison of Alternatives 6th Week Methods of Comparison of Alternatives 7th Week Rate of Return Method 8th Week Midterm Exam 9th Week Replacement Analysis and Economic Life 10th Week Benefit/Cost Analysis 11th Week Depreciation 12th Week Payback Period 13th Week Break-even Analysis 14th Week Effect of Inflation
RECOMENDED OR REQUIRED READING	Blank, L. and Tarquin, A. (2018). Engineering Economy. Eighth Edition, McGraw-Hill, USA.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Presentation,Other,Problem Solving,Discussion,Questions/Answers
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 30 Quiz 2 30 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 2 5 10 Individual or group work Preparation for Final exam 1 35 35 Course hours 14 3 42 Preparation for Midterm exam 1 25 25 Laboratory (including preparation) Final exam 1 2 2 Homework Quiz 2 2 4 Total Workload 120 Total Workload / 30 4 ECTS Credits of the Course 4
LANGUAGE OF INSTRUCTION	English
WORK PLACEMENT(S)	No