• 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 and select the most economical investment alternative among different alternatives.

   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 develop and conduct appropriate experimentation, analyze and interpret data, and use engineering judgment to draw conclusions
   3. an ability to acquire and apply new knowledge as needed, using appropriate learning strategies

   Method of assessment

   1. Written exam
   2. Homework assignment
2. Apply the present value, future value, and constant value concepts, and practice economic decision analysis methods.

   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 develop and conduct appropriate experimentation, analyze and interpret data, and use engineering judgment to draw conclusions
   4. 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 and selects the best investment.

   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
4. Exemplify necessary measures against economical crises and gain experience in savings.

   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 determining investment risks and selects the best alternative accordingly.

   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

Contents
Week 1:	Simple and Compound Interest
Week 2:	Nominal and Effective Interest
Week 3:	Methods of Comparison
Week 4:	Replacement Analysis (Homework I)
Week 5:	Inflation 1
Week 6:	Inflation 2
Week 7:	Depreciation
Week 8:	Unequal Service Life (First Midterm)
Week 9:	Taxes
Week 10:	Benefit/Cost Ratio (Homework II)
Week 11:	Sensitivity Analysis
Week 12:	Uncertainty (Second Midterm)
Week 13:	Risk Analysis
Week 14:	Economic Decision Models
Week 15*:	-
Week 16*:	Final Exam
Textbooks and materials:	Kitap-­Engineering Economic Analysis (Donald G. Newnan , Jerome P. Lavelle , Ted G. Eschenbach), Ders notları
Recommended readings:	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:	7, 11	40
Other in-term studies:		0
Project:		0
Homework:	4,10	20
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:	7	15
Practice, Recitation:	0	0
Homework:	6	2
Term project:	0	0
Term project presentation:	0	0
Quiz:	0	0
Own study for mid-term exam:	8	2
Mid-term:	2	2
Personal studies for final exam:	0	0
Final exam:	8	1
		Total workload:
		Total ECTS credits:	*
	* ECTS credit is calculated by dividing total workload by 25. (1 ECTS = 25 work hours)