Computer Engineering
Bachelor	Length of the Programme: 4	Number of Credits: 240	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF: Level 6

Ders Genel Tanıtım Bilgileri

School/Faculty/Institute

Faculty of Engineering

Course Code

IE 201

Course Title in English

Engineering Economics

Course Title in Turkish

Mühendislik Ekonomisi

Language of Instruction

Type of Course

Flipped Classroom,Lecture

Level of Course

Intermediate

Semester

Fall

Contact Hours per Week

Lecture: 3

Recitation: -

Lab: -

Other: -

Estimated Student Workload

133 hours per semester

Number of Credits

5 ECTS

Grading Mode

Standard Letter Grade

Pre-requisites

None

Expected Prior Knowledge

Co-requisites

None

Registration Restrictions

Overall Educational Objective

To learn the evaluation of engineering projects from the financial point of view.

Course Description

This course is concerned with the fundamental principles to be employed in the financial assessment of engineering projects. It provides the student with the time of value concepts, which are crucial to perform the analysis of the proposed engineering alternatives in terms of the economic viability. The student is expected to learn and understand these techniques, and further to be able to apply them for real-life investment decision making processes (both for personal and corporate decisions).

Course Description in Turkish

Bu ders mühendislik projelerinin finansal değerlendirmelerinde kullanılan temel prensiplerle ilgilidir. Ders, önerilen mühendislik çözümlerinin ekonomik olarak uygulanabilirliğini analiz etmede önemli olan paranın zaman değeri kavramlarını öğrenciye temin eder. Öğrenciden bu teknikleri öğrenmesi ve anlaması, ve ileride bunları gerçek hayat yatırımları için kullanılan karar verme mekanizmalarında uygulayabilmesi beklenmektedir (hem bireysel hem kurumsal kararlarda).

Course Learning Outcomes and Competences

Upon successful completion of the course, the learner is expected to be able to:
1) apply the basic concepts of engineering economy;
2) analyze the relationship between time and money;
3) develop a cash flow for each alternative of an engineering project;
4) compare possible investment alternatives using quantitative methods;
5) evaluate the effects of depreciation and taxation on engineering projects.

Program Learning Outcomes/Course Learning Outcomes	1	2	3	4	5
1) An ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics
2) An ability to apply engineering design to produce solutions that meet specified needs with consideration of public health, safety, and welfare, as well as global, cultural, social, environmental, and economic factors
3) An ability to communicate effectively with a range of audiences
4) An ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts
5) An ability to function effectively on a team whose members together provide leadership, create a collaborative and inclusive environment, establish goals, plan tasks, and meet objectives
6) An ability to develop and conduct appropriate experimentation, analyze and interpret data, and use engineering judgment to draw conclusions
7) An ability to acquire and apply new knowledge as needed, using appropriate learning strategies.

Relation to Program Outcomes and Competences

N None	S Supportive	H Highly Related

	Program Outcomes and Competences	Level	Assessed by
1)	An ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics	H	Exam,Participation
2)	An ability to apply engineering design to produce solutions that meet specified needs with consideration of public health, safety, and welfare, as well as global, cultural, social, environmental, and economic factors	N
3)	An ability to communicate effectively with a range of audiences	N
4)	An ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts	S	Exam,Participation
5)	An ability to function effectively on a team whose members together provide leadership, create a collaborative and inclusive environment, establish goals, plan tasks, and meet objectives	N
6)	An ability to develop and conduct appropriate experimentation, analyze and interpret data, and use engineering judgment to draw conclusions	N
7)	An ability to acquire and apply new knowledge as needed, using appropriate learning strategies.	N

Prepared by and Date	ŞİRİN ÖZLEM , November 2023
Course Coordinator	ŞİRİN ÖZLEM
Semester	Fall
Name of Instructor	Asst. Prof. Dr. ŞİRİN ÖZLEM

Course Contents

Week	Subject
1)	Introduction to engineering economy
2)	Cost concepts
3)	Cost-estimation techniques
4)	Time value of money
5)	Time value of money
6)	Evaluating a single project
7)	Comparing and selecting among alternative solutions
8)	Comparing and selecting among alternative solutions
9)	Depreciation and taxation
10)	Depreciation and taxation
11)	Price changes and exchange rates
12)	Replacement analysis
13)	Replacement analysis
14)	Evaluating projects with benefit-cost ratio method
15)	Final Exam/Project/Presentation period
16)	Final Exam/Project/Presentation period

Required/Recommended Readings

Engineering Economy, W.G. Sullivan, E.M. Wicks, C.P. Koelling, 16th Edition, Pearson Education, 2014

Teaching Methods

Lectures/contact hours using “flipped classroom” as an active learning technique

Homework and Projects

Flipped learing class exercises will be graded

Laboratory Work

Computer Use

Other Activities

Assessment Methods

Assessment Tools	Count	Weight
Application	14	% 15
Quiz(zes)	3	% 20
Midterm(s)	1	% 25
Final Examination	1	% 40
TOTAL		% 100

Course Administration

Exams and quizzes: Closed book and closed notes. Homework: Problems from textbook will be given as extra course material (they will not be collected and not graded, quiz questions will be very similar or identical to the problems). Rules for attendance: Weekly Flipped exercises contributes to 15% of the final grade. Missing a quiz or midterm: You are expected to be present without exception and to plan any travel around these dates accordingly. Medical emergencies are of course excluded if accompanied by a doctor’s note. A note indicating that you were seen at the health center on the day of the exam is not a sufficient documentation of medically excused absence from the exam. The note must say that you were medically unable to take the exam. Provided that proper documents of excuse are presented, either missed exam by the student will be given the grade of the final exam or a make-up exam will be given. If you fail to take the exam on the assigned day and do not have a valid excuse, you will be given zero (0) on the exam. For medical reports acceptance, faculty rules apply.Employment interviews, employer events, weddings, vacations, etc. are not excused absences. Missing a final: Faculty regulations. A reminder of proper classroom behavior, code of student conduct: YÖK Regulations Statement on plagiarism: YÖK Regulations (http://3fcampus.mef.edu.tr/uploads/cms/webadmin.mef.edu.tr/4833_2.pdf)

ECTS Student Workload Estimation

Activity	No/Weeks	Hours			Calculation
	No/Weeks per Semester	Preparing for the Activity	Spent in the Activity Itself	Completing the Activity Requirements
Course Hours	14	1	3	1	70
Homework Assignments	14	1			14
Quiz(zes)	3	2	1		9
Midterm(s)	1	16	2		18
Final Examination	1	20	2		22
Total Workload					133
Total Workload/25					5.3
ECTS					5