TÜRKÇE
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Information
| Unit | FACULTY OF ENGINEERING |
| MINING ENGINEERING PR. | |
| Code | MDS331 |
| Name | Mining Economics |
| Term | 2017-2018 Academic Year |
| Semester | 5. Semester |
| Duration (T+A) | 2-0 (T-A) (17 Week) |
| ECTS | 3 ECTS |
| National Credit | 2 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HÜSEYİN VAPUR |
| Course Instructor |
Prof. Dr. HÜSEYİN VAPUR
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
To teach the determination of varieties of income and expenses used in the preparation of the mining projects, preperation of feasibility studies and implementation and evaluation of general mining project development
Course Content
The scope of mining economy, internal and foreign mining economy, fixed and variable cost, unit cost and break-even point, interest and depreciation calculations, investment types, feasibility studies, economic and technical analysis, financial analysis, preparation of mining projects and general topics, the project evaluation.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Define the mining economy. |
| LO02 | Explains the concepts of cost and revenue in mines. |
| LO03 | Explain break-even point analysis. |
| LO04 | Defines the concept of depreciation. |
| LO05 | Explain the concepts of Equivalence and Compound Interest. |
| LO06 | Defines investment projects. |
| LO07 | Explains the evaluation of investment projects. |
| LO08 | Defines wage systems. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | PÇ1. (a) Adequate knowledge of mathematics, basic sciences, and discipline-specific topics in Mining Engineering; PÇ1. (b) the ability to use theoretical and applied knowledge in these areas for solving complex engineering problems. | 3 |
| PLO02 | Beceriler - Bilişsel, Uygulamalı | PÇ2. (a) Ability to identify, formulate, and solve complex problems in Mining Engineering; PÇ2. (b) ability to select and apply appropriate analysis and modeling methods for this purpose. | |
| PLO03 | Beceriler - Bilişsel, Uygulamalı | PÇ3. (a) Ability to design a complex system, process, device, or product to meet specified requirements under realistic constraints and conditions; PÇ3. (b) ability to apply modern design methods for this purpose. | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | PÇ4. (a) Ability to select and use modern technical tools necessary for the analysis and solution of complex problems encountered in Mining Engineering applications; PÇ4. (b) ability to effectively use information technologies. | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | PÇ5. Ability to design experiments, conduct experiments, collect data, analyze and interpret results for the investigation of problems specific to Mining Engineering. | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | PÇ6. (a) Ability to work effectively in disciplinary (Mining Engineering) and multidisciplinary teams; PÇ6. (b) ability to work individually. | |
| PLO07 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | PÇ7. (a) Ability to communicate effectively in Turkish, both orally and in writing; PÇ7. (b) knowledge of at least one foreign language; ability to write effective reports and understand written reports, prepare design and production reports, deliver effective presentations, and give and receive clear and understandable instructions. | |
| PLO08 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | PÇ8. Awareness of the necessity of lifelong learning; ability to access information, follow developments in science and technology, and continuously improve oneself. | |
| PLO09 | Yetkinlikler - Öğrenme Yetkinliği | PÇ9. Ability to act in accordance with the ethical principles of Mining Engineering; knowledge of professional and ethical responsibilities and of the standards used in engineering practice. | |
| PLO10 | Yetkinlikler - Öğrenme Yetkinliği | PÇ10. Knowledge of business-life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development. | 3 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | PÇ11. Knowledge of the impacts of Mining Engineering practices on health, environment, and safety at universal and societal levels, as well as contemporary issues in engineering; awareness of the legal consequences of Mining Engineering solutions. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The main scope of the mining economy, domestic and foreign mining economy and paying the cost | lecture note (0-13) | |
| 2 | Break-even point, the unit cost of the fixed and variable costs | lecture note (14-25) | |
| 3 | calculation methods of depreciation | lecture note (26-35) | |
| 4 | interest and compound interest | lecture note (36-42) | |
| 5 | applications of compound interest | lecture note (43-53) | |
| 6 | types of investment projects and investment | lecture note (54-67) | |
| 7 | Feasibility studies and preparation of investment projects | lecture note (68-80) | |
| 8 | Midterm exam | ||
| 9 | Economic and technical studies | lecture note (81-95) | |
| 10 | Financial feasibility and profitability analysis | lecture note (96-110) | |
| 11 | Investment project evaluation methods (static methods) | lecture note (111-122) | |
| 12 | Dynamic methods of project evaluation | lecture note (123-137) | |
| 13 | Wage systems and project implementation | lecture note (138-158) | |
| 14 | Applications | lecture note | |
| 15 | Repetition of subject, applications, and make-up examination | lecture note | |
| 16 | Final exam | ||
| 17 | Final exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 2 | 28 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 2 | 28 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 6 | 6 |
| Final Exam | 1 | 16 | 16 |
| Total Workload (Hour) | 78 | ||
| Total Workload / 25 (h) | 3,12 | ||
| ECTS | 3 ECTS | ||