TÜRKÇE
ENGLISH
Information
| Code | TLS319 |
| Name | Economy |
| Term | 2023-2024 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 |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. RAMAZAN TUĞRUL OĞULATA |
| Course Instructor |
1 |
Course Goal / Objective
It is aimed to teach the concepts of engineering economics decisions, cost, profit maximization, equivalence.
Course Content
Concept of Engineering Economics, Decisions in Engineering Economics, Production Expenses and Cost, Production Expenses and Cost, Costs, Depreciation, Depreciation Calculation, Profit Maximization, Profit Maximization, Interest and Equivalence
Course Precondition
No prerequisites
Resources
Engineering Economics, Prof. Dr. Alim ISIK
Notes
Lecture notes of the instructor
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Learning the concept of Engineering Economics and related decisions |
| LO02 | Learning cost concepts and behaviors |
| LO03 | Ability to manage money and make calculations about the time value of money |
| LO04 | Learning investment principles |
| LO05 | Ability to apply annual equivalent analysis |
| LO06 | Ability to apply present value analysis |
| LO07 | Recovery/Return Rate analysis skill |
| LO08 | Ability to perform Internal Rate of Return Criteria calculations |
| LO09 | Ability to perform depreciation calculations |
| LO10 | Ability to calculate project cash flows, inflation and its impact on project cash flows |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Has sufficient background in the fields of Mathematics, Science and Textile Engineering | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Uses the knowledge obtained from the basic sciences and engineering in the field of textile engineering | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Does process analysis, Identifies problems, interprets and evaluates data in the field of textile engineering | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Selects and uses modern techniques and tools for engineering applications | 3 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Has the skills of designing experiments, data collection, cognitive analysis and interpretation of the results | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Works effectively both individually and as a team member and takes responsibility | |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Searches literature, has access to information, uses databases and other sources of information | 5 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Recognizes the need of lifelong learning; follows developments in science and technology and renews self continuosly | 3 |
| PLO09 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Has effective oral and written communication skills. | |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Follows developments in the field in a foreign language, has good communication skills with colleagues. | |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Uses information and communication technologies and softwares at a required level | 3 |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Defines learning requirements in scientific, social, cultural and artistic areas and improves himself/herself accordingly. | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Has the professional and ethical responsibility. | 3 |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Has the necessary awareness on the fields of occupational health and safety, legal side of engineering applications and environmental health. | |
| PLO15 | Yetkinlikler - Öğrenme Yetkinliği | Has required competence in project management, entrepreneurship and innovation. | 4 |
| PLO16 | Bilgi - Kuramsal, Olgusal | An ability to identify, formulate, and solve complex engineering problems by selecting appropriate analysis and modeling methods. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Learning the concept of Engineering Economics and related decisions | lecture | Öğretim Yöntemleri: Anlatım |
| 2 | Learning cost concepts and behaviors | lecture | Öğretim Yöntemleri: Anlatım |
| 3 | Ability to manage money and make calculations about the time value of money | lecture | Öğretim Yöntemleri: Anlatım |
| 4 | Learning investment principles | lecture | Öğretim Yöntemleri: Anlatım |
| 5 | Deciding between alternatives, Decision criteria, Decision processes | lecture | Öğretim Yöntemleri: Anlatım |
| 6 | Ability to apply annual equivalent analysis | lecture | Öğretim Yöntemleri: Anlatım |
| 7 | Net present value analysis | lecture | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Written examination | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Ability to apply present value analysis | lecture | Öğretim Yöntemleri: Anlatım |
| 10 | Recovery/Return Rate analysis skill | lecture | Öğretim Yöntemleri: Anlatım |
| 11 | Internal Rate of Return Criterion | lecture | Öğretim Yöntemleri: Anlatım |
| 12 | Ability to perform Internal Rate of Return Criteria calculations | lecture | Öğretim Yöntemleri: Anlatım |
| 13 | Ability to perform depreciation calculations | lecture | Öğretim Yöntemleri: Anlatım |
| 14 | Project cash flows | lecture | Öğretim Yöntemleri: Anlatım |
| 15 | Ability to calculate the impact on inflation and project cash flows | lecture | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Written examination | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Written examination | Ölçme Yöntemleri: Yazılı Sınav |
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 | ||