Power System Economic Analysis I

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

Not Required

Course Contents

Basic definitions for economy (interst, exchange rate, inflation, tax, depreciation)/ Business mathematics/ Financial management/ Decision methods (present worth, annual worth, internal rate of return, external rate of return, payback period)/ Minimum cost and maximum profir/ Application of economic parameters and methods to power systems

Weekly Schedule

1) Fundamental defntons related to busness
2) Fundamental economc parameters for power systems-1 (nterst, Exchange rate, nflaton, escalaton, price dfference)
3) Basic economic parameters for power systems-2 (tax and depreciation)
4) Capital and money flows for power systems
5) Time value of money
6) Capital and money flows for power systems
7) Financing cost (interest accounts-1)
8) Financing cost (interest accounts-2)
9) Economc decson methods for power systems (present worth method)
10) Economic decision methods for power systems (internal rate of return method and external rate of return method)
11) Economic decision making methods for power systems (payback period and annual value methods)
12) Cost, revenue and profit concepts for power systems-1
13) Cost, revenue and profit concepts for power systems-2
14) Cost minimization, profit maximization and economic inventory calculation for power systems

Recommended or Required Reading

Planned Learning Activities and Teaching Methods

Assessment Methods and Criteria

Contribution of Quiz to Course Grade	30%
Contribution of Final Examination to Course Grade	70%
Total	100%

Language of Instruction

Turkish

Work Placement(s)

Not Required