| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Engineering Economics | MHY115 | Elective | Master's degree | 1 | Fall | 6 |
Name of Lecturer(s)
Prof. Dr. Alpaslan FIĞLALI
Learning Outcomes of the Course Unit
1) Use the basic engineering economics formulas and application areas
2) Explain the concept of time value of the money and equivelancy
3) Use the methods of economical analysis and selection of investments
4) Use the Net Present Value Analysis for analysis of investments.
5) Analyse the investment by using Internal Rate of Return.
6) Select the appropriate depreciation method.
Program Competencies-Learning Outcomes Relation
Bölümün/programın program yeterlilikleri sistemde olmadığından ilişkilendirme işlemi yapılamamıştır.
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Decision Analysis in Engineering Economics
Course Contents
Interest, the time value of money, algebraic relationships and solution procedures, equivalency of cash flows, net present value analysis, annual cash flow analysis, internal rate of return analysis, differential rate of return analysis, payback period analysis, benefit-cost ratio analysis, investment decisions, equipment replacement and retirement, depreciation and taxes,
Weekly Schedule
1) classification of engineering economics problems2) mathematical cost optimizatons and example problems
3) Time value of money
4) The concept of equivalency on time horizon
5) engineering economics formulas
6) Application areas of Engineering economics formulas and examples
7) Application areas of Engineering economics formulas and examples
8) Midterm examination/Assessment
9) net present value analysis
10) Equivalent uniform annual cash flow analysis
11) Internal rate of return analysis
12) incremental rate of return analysis
13) Depreciation methods
14) feasibility studies
15) examples of feasibility studies
16) Final examination
Recommended or Required Reading
1- Mühendislik Ekonomisi, Tolga, E., Kahraman, C., İTÜ Yayınları
Planned Learning Activities and Teaching Methods
1) Lecture
2) Discussion
3) Demonstration
4) Group Study
5) Problem Solving
Assessment Methods and Criteria
Contribution of Midterm Examination to Course Grade |
40% |
|---|---|
Contribution of Final Examination to Course Grade |
60% |
Total |
100% |
Language of Instruction
Turkish
Work Placement(s)
Not Required