ENS034 Introduction to Engineering EconomicsIstinye UniversityDegree Programs Chemistry (English)General Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Chemistry (English)

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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: Spring
Fall
Course Credits:
ECTS
5
Language of instruction: English
Course Condition:
Does the Course Require Work Experience?: No
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) Knows the basic concepts related to the theory and applications of chemistry, uses theoretical and applied knowledge, can select, develop and design methods.
2) Makes experimental planning and application for analysis, synthesis, separation and purification methods, provide solutions to the problems encountered and interpret the results.
3) Expresses the basic principles of sample preparation techniques and instrumental analysis methods used in qualitative and quantitative analysis of items, discusses their application areas.
4) Has knowledge about the sources, production, industrial applications and technologies of chemical substances.
5) Makes structural analyzes of chemical substances and interprets the results.
6) Work individually and in multidisciplinary groups, take responsibility, plan their tasks and use time effectively.
7) Follows the information in the field and communicates with colleagues by using English at a professional level.
8) Uses information and communication technologies along with computer software at the level required by the field.
9) Follows the national and international chemistry literature, transfers the knowledge gained orally or in writing.
10) Determines self-learning needs, manages/directs his/her learning.
11) Takes responsibility and adheres to the ethical values required by these responsibilities.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Average 3 Highest
       
Program Outcomes Level of Contribution
1) Knows the basic concepts related to the theory and applications of chemistry, uses theoretical and applied knowledge, can select, develop and design methods.
2) Makes experimental planning and application for analysis, synthesis, separation and purification methods, provide solutions to the problems encountered and interpret the results.
3) Expresses the basic principles of sample preparation techniques and instrumental analysis methods used in qualitative and quantitative analysis of items, discusses their application areas.
4) Has knowledge about the sources, production, industrial applications and technologies of chemical substances.
5) Makes structural analyzes of chemical substances and interprets the results.
6) Work individually and in multidisciplinary groups, take responsibility, plan their tasks and use time effectively.
7) Follows the information in the field and communicates with colleagues by using English at a professional level.
8) Uses information and communication technologies along with computer software at the level required by the field.
9) Follows the national and international chemistry literature, transfers the knowledge gained orally or in writing.
10) Determines self-learning needs, manages/directs his/her learning.
11) Takes responsibility and adheres to the ethical values required by these responsibilities.

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Project 1 % 40
Final 1 % 60
total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 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