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| IKT2045 | Engineering Economics | 2+0+0 | ECTS:4 | | Year / Semester | Fall Semester | | Level of Course | First Cycle | | Status | Elective | | Department | DEPARTMENT of ELECTRICAL and ELECTRONICS ENGINEERING | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 2 hours of lectures per week | | Lecturer | Doç. Dr. Umut ÜZAR | | Co-Lecturer | None | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | Introducing the tools of analysis with respect 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. | 5,10 | 1 | | LO - 2 : | demonstrate ability to apply principles of project planning and control. | 5,10 | 1 | | LO - 3 : | understand the basic principles of project life cycle costing, including reporting, planning and evaluation. | 5,10 | 1 | | LO - 4 : | examine from an economic and social viewpoint the feasibility of alternative design solutions. | 5,10 | 1 | | LO - 5 : | demonstrate the ability to apply financial control to a project. | 10 | 1 | | 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 | | |
| Subject of the Engineering Economy - Resolution Process on Economy - Applications of Economy in Engineering (Planning, Development) - Alternative Cost Analysis - Competition Analysis of World Economy (Oecd, Nato, AB, Efta, Lafta etc. ) and AB with Turkey - Market Conditions and Demand Forecasting - Interest Event and Flow Series - Measurement of General Level of Prices (Inflation, Deflation) , Antiinflationary and Antideflationary Policies and Effects on Investments Projects - Effects of Inflation or Deflation on Investments Projects - 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 | Economics and Economic Problems, Resources of Production, Production Facilities, Requirement, Scarcity | | | Week 2 | The Subject of Engineering Economics, Decision Making Process in the economy, Application of Economics in Engineering | | | Week 3 | Analysis of Oppurtunity Costs, Increasing Costs, Diminishing Costs, Costant Cost | | | Week 4 | The World Economy, Analysis of Eurepean Union (EU) and Turkey?s Competition.
| | | Week 5 | Microeconomics, Supply, Factors Affecting the supply, Product Prices, Input Prices, Production Techonologies, Taxes. | | | Week 6 | Demand, Factors Affecting the Demand, Product Prices, Level of Income, Other Product Prices, Tastes and Preferences, Population, Taxes. | | | Week 7 | Costs and Behavior of Firm, Consumer Behavior, Consumer Balance.
| | | Week 8 | Markets and Firm?s Behaviors, Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition.
| | | Week 9 | Mid-term exam | | | Week 10 | Macroeconomic Conditions, National Income, Savings, Investments, Consumption Expenditure, Gevornment Expenditure, International Trade. | | | Week 11 | Prices General Level and Measurement, Inflation, Deflation, Types of Inflation | | | Week 12 | Policies of Anti-Inflation and Anti-Deflation, Effects of Inflation on Investment Projects.
| | | Week 13 | Money Demand and Money Supply, Interest Rate, Changes of Exchange Rate (Devaluation and Revaluation), Effects of Exchange Rate Volatility on Investment Projects.
| | | Week 14 | Financial Analysis and Market Evaluations
| | | Week 15 | Productivity and Economic Growth Analysis, Production Cost and Profit-Loss Analysis
| | | Week 16 | End-of-term exam | | | |
| 1 | Işık, Alim, (2005), "Mühendislik Ekonomisi", Birsen Yayınevi, İstanbul.
| | | 2 | Akbıyıklı, Rıfat, (2009), "Mühendislik Ekonomisi: Temel Prensipler ve Uygulamalar", Birsen Yayınevi, İstanbul.
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| 1 | Dinler, Zeynel, (2009), "İktisada Giriş", Ekin Kitabevi Yayınları, Bursa | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 16/11/2018 | 1 | 50 | | End-of-term exam | 16 | 10/12/2018 | 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 | 3 | 14 | 42 | | Laboratuar çalışması | 0 | 0 | 0 | | Arasınav için hazırlık | 3 | 8 | 24 | | Arasınav | 1 | 1 | 1 | | Uygulama | 0 | 0 | 0 | | Klinik Uygulama | 0 | 0 | 0 | | Ödev | 0 | 0 | 0 | | Proje | 0 | 0 | 0 | | Kısa sınav | 0 | 0 | 0 | | Dönem sonu sınavı için hazırlık | 3 | 7 | 21 | | Dönem sonu sınavı | 1 | 1 | 1 | | Diğer 1 | 0 | 0 | 0 | | Diğer 2 | 0 | 0 | 0 | | Total work load | | | 117 |
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