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ENGLISH
Information
| Code | TEP385 |
| Name | Engineering Economics |
| Term | 2024-2025 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 | Dr. Öğr. Üyesi TUNA ALEMDAR |
| Course Instructor |
Doç. Dr. Seyit HAYRAN
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Introduction to different techniques to be used to analyse economic viability of projects and to compare alternative investments.
Course Content
Concept of time value of money, cash flow diagrams, economic equivalence, concepts about different types of project costs, regular and irregular payments and costs, Techniques used to compare alternative projects (Net Present Value, Annual Equivalent, Benefit-Cost Ratio, Internal Rate of Return etc.)
Course Precondition
None
Resources
Kaygusuz, S. Y., Aslan, Ü., Nazlı Kepçe, N., 2012. GENEL MUHASEBE I. T.C. Anadolu Üniversitesi Yayını No: 2654 Açiköğretim Fakültesi Yayını No: 1620.
Notes
Lecture Notes and presantations
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Can define time value of money and give examples, can draw cashflow diagrams. |
| LO02 | Can analyse effects of inflation, depreciation, price changes etc on investments. |
| LO03 | Can make decisions analysing and comparing different investments by employing different techniques including Net Present Value, Benefit-Cost Analysis, Internal Rate of Return and Payback Period. |
| LO04 | Learns the engineering economics approach. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Makes aplication of engineering design of irrigation systems and conducts tests about the materıals used ın these systems and preapares reports | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Developes and implements strategies for wastewater, drainage water, runoff water such as treated waste water re-use of non-conventional water without adversely affecting the environment, makes laboratory analysis about saline alkali soils and water suitability to irrigation and reports. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Prepares project about soil and water structures, animal houses, storage structures and crop production structures. Analyzes in terms of static and strength. Determines the properties of materials used in construction and makes the relevant tests. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Designs crop production systems, controls environmental domestic conditions and operates, makes the selection of materials to be used, tests and prepares a report. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Designs and projects small dams, ponds. Prepares and implements flood action plans within the scope of integrated watershed management. | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Developes and implement s strategies of sustainable water management for the purposes of protecting water resources and agricultural production. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Developes and implements irrigation programmes using the soil-plant-water relations and soil engineering properties | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Prepares land consolidation projects and applies. Provides farm developing systems. Prepares and implements rural development projects. | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Exposes the problems about soil and water conservation (erosion) and water harvesting, prepares and implements the project. | |
| PLO10 | Bilgi - Kuramsal, Olgusal | Etudes drainage of agricultural lands, plans drainage systems,prepares projects and makes aplications, selects materials to be used, tests and prepares a report | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Plans activities related to operation, maintenance and repairs irrigation network,developes project formulations in monitoring and evaluations, operates the irrigation networks. | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Works independently and takes responsibility | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Has the ability to design and apply analytical, modelling and experimental researches,and acquires the skill of analyzing and interpreting the complex issiues occured during this process . | |
| PLO14 | Beceriler - Bilişsel, Uygulamalı | Creates effective solutions for sustainable agricultural production | 2 |
| PLO15 | Yetkinlikler - Öğrenme Yetkinliği | Accesses to the resources in the field, uses of these resources and continuous self-improvement | 2 |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Developes projects to protect natural resources like water,and offers the benefit to society, using the information of basic engineering, basic agricultural engineering and agricultural structures and irrigation engineering . | 2 |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Has the ability to analyze problems ,make decisions and solve about professional subjects | 2 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Aims and basic principles of engineering economics; time value of money; basic and compound interest; cashflow diagrams | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 2 | Economic Equivalance; Formulas; Examples | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 3 | Regular and Irregular Cash Flow Series; Single Paymant and Regular Payment Series | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 4 | Uniform, arithmetic and geometric series | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 5 | Nominal and Effective Interest | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 6 | Depreciation | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 7 | Present and Future Value Calculations, Discounting | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Lecture notes and recommended resources. | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Midterm Exam | All lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 10 | Payback Period | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 11 | Annual Equivalence Analysis | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 12 | Ownership Costs | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 13 | Price Indices | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 14 | Benefit-Cost Analysis | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 15 | Internal Rate of Return | Lecture notes and recommended resources. | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | All lecture notes and recommended resources. | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | All lecture notes and recommended resources. | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 12 | 4 | 48 |
| Out of Class Study (Preliminary Work, Practice) | 6 | 4 | 24 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 1 | 1 | 1 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 1 | 1 |
| Final Exam | 1 | 1 | 1 |
| Total Workload (Hour) | 75 | ||
| Total Workload / 25 (h) | 3,00 | ||
| ECTS | 3 ECTS | ||