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FACULTY of ENGINEERING / DEPARTMENT of CIVIL ENGINEERING /
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INS3043Engineering Economy3+0+0ECTS:5
Year / SemesterFall Semester
Level of CourseFirst Cycle
Status Elective
DepartmentDEPARTMENT of CIVIL ENGINEERING
Prerequisites and co-requisitesNone
Mode of DeliveryFace to face
Contact Hours14 weeks - 3 hours of lectures per week
LecturerProf. Dr. Tayfun DEDE
Co-LecturerAssoc. Prof. Dr. Vedat Toğan, Assoc. Prof. Dr. Tayfun Dede
Language of instructionTurkish
Professional practise ( internship ) None
 
The aim of the course:
To provide students with information about the use of economy in civil engineering.
 
Learning OutcomesCTPOTOA
Upon successful completion of the course, the students will be able to :
LO - 1 : have general knowledge about economy1,31
LO - 2 : evaluate the alternatives related to the construction sector economically1,31
LO - 3 : Analyze the economic behavior of long-term investments1,31
CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome

 
Contents of the Course
Introduction to Engineering Economics, Costs in Engineering Economics, Supply and demand, Cash Flow, Time value of money-Equal payouts, Time value of money-Uniform gradient cash flows, Evaluation Methods-Present value, Evaluation Methods-Annual Equivalent, Evaluation Methods-Future value, Alternative Selection, Refund period, Nominal and effective interest
 
Course Syllabus
 WeekSubjectRelated Notes / Files
 Week 1Introduction to Engineering Economics
 Week 2Costs in Engineering Economics
 Week 3Supply and demand
 Week 4Cash Flow
 Week 5Cash Flow
 Week 6Time value of money-Equal payouts
 Week 7Time value of money-SUniform gradient cash flows
 Week 8Evaluation Methods-Present value
 Week 9Mid-term exam
 Week 10Evaluation Methods-Annual Equivalent
 Week 11Evaluation Methods-Future value
 Week 12Alternative Selection
 Week 13Alternative Selection
 Week 14Refund period
 Week 15Nominal and effective interest
 Week 16End-of-term exam
 
Textbook / Material
1Akbıyıklı, Rıfat, Mühendislik Ekonomisi Temel Prensipleri ve Uygulamaları, Birsen Yayınevi Ltd. Şti., 2014.
 
Recommended Reading
1Okka, Osman, Mühendislik Ekonomisi: Prensipler ve Uygulamalar, Nobel Yayım Dağıtım, 2011.
 
Method of Assessment
Type of assessmentWeek NoDate

Duration (hours)Weight (%)
Mid-term exam 9 2 50
End-of-term exam 16 2 50
 
Student Work Load and its Distribution
Type of workDuration (hours pw)

No of weeks / Number of activity

Hours in total per term
Yüz yüze eğitim 3 14 42
Sınıf dışı çalışma 1 14 14
Arasınav 2 1 2
Dönem sonu sınavı 2 1 2
Total work load60