Electrical and Electronic Engineering (English) Preview
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code:

ENS034

Course Name:

Introduction to Engineering Economics

Semester:

Fall

Course Credits:

ECTS

Language of instruction:

English

Course Condition:

Does the Course Require Work Experience?:

Type of course:

Departmental Elective

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

E-Learning

Course Coordinator:

Dr. Öğr. Üy. NOYAN SEBLA SEZER

Course Lecturer(s):

Asisst. Prof. Noyan Sebla SEZER

Course Assistants:

Course Objective and Content

Course Objectives:	The objective of the course is to equip students with the knowledge and skills to understand, evaluate and making informed decisions on the engineering projects using fundamental economic principles and techniques.
Course Content:	Engineering economic decisions, economic equivalence, cash-flow analysis, time value of money, present worth, future worth, annual worth, rate of return analysis, benefit-cost analysis, break-even analysis, capital investment evaluation techniques, economic evaluation of alternative projects.

Learning Outcomes

The students who have succeeded in this course;
1) Understand the fundamental principles and concepts of Engineering Economy, including the time value of money, economic equivalence, and cash flow analysis.
2) Apply various capital investment appraisal techniques to evaluate engineering projects.
3) Analyze and compare alternative investment opportunities using quantitative methods to make informed decisions.

Course Flow Plan

Week	Subject	Related Preparation
1)	Introduction to Engineering Economy
2)	Economic Equivalence
3)	Cash-Flow Analysis
4)	Time Value of Money
5)	Time Value of Money
6)	Economic Evaluation Analysis of Capital Projects
7)	Economic Evaluation Analysis of Capital Projects
8)	Midterm
9)	Economic Evaluation of Alternative Investment Projects
10)	Rate of Return Analysis
11)	Benefit-Cost Analysis
12)	Break-Even Analysis
13)	Project Presentations
14)	Project Presentations

Sources

Course Notes / Textbooks:	Sullivan, W.G. (2015), Engineering Economy (16th/Global edition), Pearson Education.
References:	Sullivan, W.G. (2015), Engineering Economy (16th/Global edition), Pearson Education.

Course - Program Learning Outcome Relationship

Course Learning Outcomes	1	2	3
Program Outcomes
1) Has sufficient knowledge in mathematics and natural sciences.
2) Has sufficient knowledge in Electrical and Electronics engineering–specific subjects.
3) Has the ability to apply theoretical and practical knowledge of mathematics, natural sciences, and Electrical and Electronics engineering to solve complex engineering problems.
4) Has the ability to identify, formulate, and solve complex engineering problems, and to select and apply appropriate analysis and modeling methods for this purpose.
5) Has the ability to design complex systems, processes, devices, or products under realistic constraints and conditions to meet specific requirements, and to apply modern design methods for this purpose.
6) Has the ability to select and use modern techniques and tools required for the analysis and solution of complex engineering problems encountered in engineering practice, and to use information technologies effectively.
7) Has the ability to design and conduct experiments, collect data, analyze and interpret results for the investigation of complex engineering problems or Electrical and Electronics engineering–specific research topics.
8) Has the ability to work effectively in disciplinary teams.
9) Has the ability to work effectively in multidisciplinary teams.
10) Has the ability to work individually.
11) Has the ability to communicate effectively in oral and written form; has knowledge of at least one foreign language; writes effective reports, understands written reports, prepares design and production reports, makes effective presentations, and gives and receives clear and understandable instructions.
12) Has awareness of the necessity for lifelong learning; accesses information, follows developments in science and technology, and continuously renews oneself.
13) Acts in accordance with ethical principles; has knowledge of professional and ethical responsibilities and of the standards used in engineering practices.
14) Has knowledge of business practices such as project management, risk management, and change management.
15) Has awareness of entrepreneurship and innovation.
16) Has knowledge of sustainable development.
17) Has knowledge of the impacts of engineering practices on health, environment, and safety on a universal and societal scale, and awareness of contemporary issues reflected in the field of engineering.
18) Has awareness of the legal consequences of engineering solutions.

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Average	3 Highest

	Program Outcomes	Level of Contribution
1)	Has sufficient knowledge in mathematics and natural sciences.
2)	Has sufficient knowledge in Electrical and Electronics engineering–specific subjects.
3)	Has the ability to apply theoretical and practical knowledge of mathematics, natural sciences, and Electrical and Electronics engineering to solve complex engineering problems.
4)	Has the ability to identify, formulate, and solve complex engineering problems, and to select and apply appropriate analysis and modeling methods for this purpose.
5)	Has the ability to design complex systems, processes, devices, or products under realistic constraints and conditions to meet specific requirements, and to apply modern design methods for this purpose.
6)	Has the ability to select and use modern techniques and tools required for the analysis and solution of complex engineering problems encountered in engineering practice, and to use information technologies effectively.
7)	Has the ability to design and conduct experiments, collect data, analyze and interpret results for the investigation of complex engineering problems or Electrical and Electronics engineering–specific research topics.
8)	Has the ability to work effectively in disciplinary teams.
9)	Has the ability to work effectively in multidisciplinary teams.
10)	Has the ability to work individually.
11)	Has the ability to communicate effectively in oral and written form; has knowledge of at least one foreign language; writes effective reports, understands written reports, prepares design and production reports, makes effective presentations, and gives and receives clear and understandable instructions.
12)	Has awareness of the necessity for lifelong learning; accesses information, follows developments in science and technology, and continuously renews oneself.
13)	Acts in accordance with ethical principles; has knowledge of professional and ethical responsibilities and of the standards used in engineering practices.
14)	Has knowledge of business practices such as project management, risk management, and change management.
15)	Has awareness of entrepreneurship and innovation.
16)	Has knowledge of sustainable development.
17)	Has knowledge of the impacts of engineering practices on health, environment, and safety on a universal and societal scale, and awareness of contemporary issues reflected in the field of engineering.
18)	Has awareness of the legal consequences of engineering solutions.

Assessment & Grading

Değerlendirme Yöntemleri ve Kriterleri	Number of Activities	Level of Contribution
Project	1	% 40
Final	1	% 60
total		% 100

Workload and ECTS Credit Calculation

Activities	Number of Activities	Preparation for the Activity	Spent for the Activity Itself	Completing the Activity Requirements	Workload
Course Hours	13	0	2		26
Study Hours Out of Class	13	3			39
Project	1	20			20
Final	1	30			30
Total Workload					115