Lesson plan / ENGINEERING ECONOMICS

Lesson Information

Course Credit 2.0
Course ECTS Credit 3.0
Teaching Language of Instruction Türkçe
Level of Course Bachelor's Degree, TYYÇ: Level 6, EQF-LLL: Level 6, QF-EHEA: First Cycle
Type of Course Compulsory
Mode of Delivery Face-to-face
Does the course require compulsory or optional work experience? Z
Course Coordinator Prof. Dr. MİNE ERGÜVEN
Instructor (s)
Course Assistant

Purpose and Content

The aim of the course To teach how to evaluate the costs and revenues of technical projects correctly and regularly.
Course Content Introduction to economy, Engineering economy: principles and its' role as a decision-taking factor, Compound Interest, Nominal and Effective Interest, The Factors of Single Payment and Uniform Serial Payment, Arithmetic and Geometrical Paymen Factors, Present and Future Value Analysis, Annual Value Analysis, Reimbursement Rate, Profit / Cost Analysis, Inflation, Price Index and Discount Rate,Cost analysis, Computer based calculation

Weekly Course Subjects

1Introduction to economy
2Engineering economy: principles and its' role as a decision-taking factor
3Compound Interest, Nominal and Effective Interest
4The Factors of Single Payment and Uniform Serial Payment
5Arithmetic and Geometrical Paymen Factors
6Present and Future Value Analysis
7Annual Value Analysis
8Midterm exam
9Reimbursement Rate
10Profit / Cost Analysis
11Inflation, Price Index and Discount Rate
12Cost analysis
13Practice
14Computer based calculation

Resources

1- Course notes