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| INS 347 | Engineering Economy | 2+0+0 | ECTS:3 | | Year / Semester | Fall Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of CIVIL ENGINEERING | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 2 hours of lectures per week | | Lecturer | -- | | Co-Lecturer | Asst. Prof. Dr. Tayfun DEDE | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | Introducing the tools of analysis with respects to preparing a project. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | undertake a complete financial and economic evaluation of a project using several evaluation criteria. | 1,2,3,4,5,6,7,8,9,10,11 | 1,3 | | LO - 2 : | demonstrate ability to apply principles of project planning and control. | 1,2,3,4,5,6,7,8,9,10,11 | 1,3 | | LO - 3 : | understand the basic principles of project life cycle costing, including reporting, planning and evaluation. | 1,2,3,4,5,6,7,8,9,10,11 | 1,3 | | LO - 4 : | examine from an economic and social viewpoint the feasibility of alternative design solutions. | 1,2,3,4,5,6,7,8,9,10,11 | 1,3 | | LO - 5 : | demonstrate the ability to apply financial control to a project. | 1,2,3,4,5,8,9,10,11 | 1,3 | | 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 | | |
| Suject of the Engineering Economy-Resolution Process on Economy-Applications of Economy in Encineering (Planning, Development) -Altenative Cost Analysis- World Economy (Oecd, Nato, Eu, Efta, Lafta etc. ) and Competitive Analysis of Turkey With Eu - Market Conditions and Demand Forecasting-Interest Event And Flow Series-Measurement of General Level of Prices (ınflation, Deflation) , Antiinflationary and Antideflationary Policies and Effects on Investments Procets-Effects of Devaluation and Revaluation on Investments Procets -Financial and Market Analysis -Productivity and Economic Growth Analysis-Elements that Affect The Investment Projects-Production Costs and Profit-Loss Analysis |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Subject and the engineering economy and definitions
| | | Week 2 | The process of taking in the economy and land applications in engineering(feasibility,planning,development)
| | | Week 3 | Alternative cost analysis
| | | Week 4 | Competition analysis of world economy(Eu,Oecd,lafta,Efta,etc.)and with Turkey
| | | Week 5 | Market,supply,demand and demand forecasts
| | | Week 6 | Interest event and flow series
| | | Week 7 | Measurement of general level of prices (inflation,deflation)
| | | Week 8 | Antiinflationary and antideflationary policies and effects on invesments projects
| | | Week 9 | Mid-term exam | | | Week 10 | Changes in the external value of money(devaluation and revaluation)the impact of investment projects
| | | Week 11 | Financial analysis and market reviews
| | | Week 12 | Productivity and economic growth analysis
Quiz | | | Week 13 | Elements that affects the investments projects
| | | Week 14 | Production costs and profit-loss analysis
| | | Week 15 | Review | | | Week 16 | End-of-term exam | | | |
| 1 | Okka,O. 2004; Mühendislik Ekonomisine Giriş, Nobel Yayını, Ankara | | | |
| 1 | Işık, A. 2005; Mühendislik Ekonomisi, Birsen Yayınevi, İstanbul | | | 2 | Kesim, A. 2006; İktisada Giriş, Akademi Kitabevi,Trabzon | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | | 1 | 50 | | End-of-term exam | 16 | | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 2 | 14 | 28 | | Sınıf dışı çalışma | 2 | 14 | 28 | | Arasınav için hazırlık | 6 | 1 | 6 | | Arasınav | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 11 | 1 | 11 | | Dönem sonu sınavı | 1 | 1 | 1 | | Total work load | | | 75 |
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