• Basic information
• Learning outcomes
• Contents
• Assessment
• Workload

Learning outcomes

Upon successful completion of this course, students will be able to:

1. Perform economical analysis for construction companies

   Contribution to Program Outcomes

   1. an ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics
   2. 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

   Method of assessment

   1. Written exam
   2. Homework assignment
2. Apply the present value, future value, and constant value concepts

   Contribution to Program Outcomes

   1. an ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics
   2. 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
   3. an ability to acquire and apply new knowledge as needed, using appropriate learning strategies

   Method of assessment

   1. Written exam
   2. Homework assignment
3. Evaluate investments based on depreciation and inflation

   Contribution to Program Outcomes

   1. an ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics
   2. 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

   Method of assessment

   1. Written exam
   2. Homework assignment
4. Exemplify necessary mesaures against economical crises

   Contribution to Program Outcomes

   1. an ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics
   2. 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
   3. an ability to acquire and apply new knowledge as needed, using appropriate learning strategies

   Method of assessment

   1. Written exam
   2. Homework assignment
5. Demonstrate sufficient level of knowledge in economics

   Contribution to Program Outcomes

   1. an ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics
   2. 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
   3. an ability to acquire and apply new knowledge as needed, using appropriate learning strategies

   Method of assessment

   1. Written exam
   2. Homework assignment
6. Gains the ability to work effectively in disciplinary and multidisciplinary teams and to work individually.

   Contribution to Program Outcomes

   1. an ability to communicate effectively with a range of audiences
   2. 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

   Method of assessment

   1. Written exam
   2. Term paper
7. Gains the ability to establish effective oral and written communication, write effective reports and understand written reports, make effective presentations, and give and receive clear instructions.

   Contribution to Program Outcomes

   1. an ability to communicate effectively with a range of audiences
   2. 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
   3. 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

   Method of assessment

   1. Written exam
   2. Term paper

Contents
Week 1:	Engineering economics general definitions and concepts, economic equivalence, investment alternatives
Week 2:	Cash Flow Diagrams
Week 3:	Time value of money and interest factors
Week 4:	Inflation and its effects on cash flows (1st Homework)
Week 5:	Economic Activity Measures
Week 6:	Comparison of Alternatives
Week 7:	Depreciation Calculations
Week 8:	Renewal Analysis (1st Midterm)
Week 9:	Expense Analysis
Week 10:	Breakeven Point Analysis (2nd Homework)
Week 11:	Preparation of Economic Feasibility Report (2nd Midterm)
Week 12:	Cost Estimation Methods
Week 13:	Cost analysis (Term Project)
Week 14:	Computer Aided Computing (Term Project Presentations)
Week 15*:	-
Week 16*:	Final Exam
Textbooks and materials:	Kitap-Engineering Economic Analysis (Donald G. Newnan , Jerome P. Lavelle , Ted G. Eschenbach) Ders notlari
Recommended readings:	Kitap-Engineering Economy 7th Edition by Leland T Blank , Anthony Tarquin
	* Between 15th and 16th weeks is there a free week for students to prepare for final exam.

Assessment
Method of assessment	Week number	Weight (%)
Mid-terms:	8,11	30
Other in-term studies:		0
Project:	13,14	20
Homework:	4,10	10
Quiz:		0
Final exam:	16	40
	Total weight:	(%)

Workload
Activity	Duration (Hours per week)	Total number of weeks	Total hours in term
Courses (Face-to-face teaching):	3	15
Own studies outside class:	3	15
Practice, Recitation:	0	0
Homework:	2	2
Term project:	1	1
Term project presentation:	1	1
Quiz:	0	0
Own study for mid-term exam:	0	0
Mid-term:	2	2
Personal studies for final exam:	0	0
Final exam:	2	1
		Total workload:
		Total ECTS credits:	*
	* ECTS credit is calculated by dividing total workload by 25. (1 ECTS = 25 work hours)