• 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. Acquire scientific knowledge and work independently
   2. Work effectively in multi-disciplinary research teams
   3. Find out new methods to improve his/her knowledge
   4. Demonstrating professional and ethical responsibility.

   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. Acquire scientific knowledge and work independently
   2. Work effectively in multi-disciplinary research teams
   3. Find out new methods to improve his/her knowledge
   4. Understand the applications and basic principles of instrumentation and/or software vital to his/her thesis projects
   5. Demonstrating professional and ethical responsibility.

   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. Acquire scientific knowledge and work independently
   2. Work effectively in multi-disciplinary research teams
   3. Find out new methods to improve his/her knowledge
   4. Understand the applications and basic principles of instrumentation and/or software vital to his/her thesis projects

   Method of assessment

   1. Written exam
   2. Homework assignment
4. Exemplify necessary mesaures against economical crises and gain experience in savings.

   Contribution to Program Outcomes

   1. Acquire scientific knowledge and work independently
   2. Work effectively in multi-disciplinary research teams
   3. Design and conduct research projects independently
   4. Develop an awareness of continuous learning in relation with modern technology
   5. Find out new methods to improve his/her knowledge
   6. Understand the applications and basic principles of instrumentation and/or software vital to his/her thesis projects

   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. Acquire scientific knowledge and work independently
   2. Work effectively in multi-disciplinary research teams
   3. Design and conduct research projects independently
   4. Develop an awareness of continuous learning in relation with modern technology
   5. Find out new methods to improve his/her knowledge
   6. Understand the applications and basic principles of instrumentation and/or software vital to his/her thesis projects
   7. Demonstrating professional and ethical responsibility.

   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
Week 5:	Inflation 1
Week 6:	Inflation 2
Week 7:	Depreciation (First Midterm)
Week 8:	Unequal Service Life
Week 9:	Taxes
Week 10:	Benefit/Cost Ratio (Homework)
Week 11:	Sensitivity Analysis (Second Midterm)
Week 12:	Uncertainty
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)