ECTS - Engineering Design Economics
Engineering Design Economics (IE518) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Engineering Design Economics | IE518 | Area Elective | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Technical Elective Courses |
| Course Level | Natural & Applied Sciences Master's Degree |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Question and Answer, Problem Solving. |
| Course Lecturer(s) |
|
| Course Objectives | In this course, the students will be learning the role of economics in engineering design. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Investment projects and flow diagrams, interest and equivalence, the techniques of investment evaluation, investment evaluation in inflationist environment, various deterministic capital budgeting models (linear programming models, discrete models, dynamic models, multi-criteria optimization models), benefit theory, the techniques of investment eva |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Investment Projects and flow diagrams | |
| 2 | Continued | |
| 3 | Interest and equivalence | |
| 4 | The techniques of investment evaluation | |
| 5 | Investment evaluation in inflationist environment | |
| 6 | Deterministic Capital Budgeting Models- LP Models | |
| 7 | Cont. - Discrete Models | |
| 8 | Cont. - Dynamic Models | |
| 9 | Cont. - Multicriteria Models | |
| 10 | Benefit theory | |
| 11 | Project risk and uncertainty | |
| 12 | The techniques of investment evaluation under risk | |
| 13 | Decision trees | |
| 14 | The comparison methods for the projects containing risk | |
| 15 | Final Examination Period | |
| 16 | Final Examination Period |
Sources
| Course Book | 1. Park C.S., Contemporary Engineering Economics, 3rd Edition, Addison Wesley, 1997. |
|---|---|
| Other Sources | 2. Park C.S.,and Sharpe-Bette, G.P. Advanced Engineering Economics, John Wiley and Sons, 1990 |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | - | - |
| Presentation | - | - |
| Project | 1 | 30 |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 30 |
| Final Exam/Final Jury | 1 | 40 |
| Toplam | 3 | 100 |
| Percentage of Semester Work | 60 |
|---|---|
| Percentage of Final Work | 40 |
| Total | 100 |
Course Category
| Core Courses | |
|---|---|
| Major Area Courses | |
| Supportive Courses | X |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Ability to apply the acquired knowledge in mathematics, science and engineering | X | ||||
| 2 | Ability to identify, formulate and solve complex engineering problems | X | ||||
| 3 | Ability to accomplish the integration of systems | X | ||||
| 4 | Ability to design, develop, implement and improve complex systems, components, or processes | X | ||||
| 5 | Ability to select/develop and use suitable modern engineering techniques and tools | X | ||||
| 6 | Ability to design/conduct experiments and collect/analyze/interpret data | X | ||||
| 7 | Ability to function independently and in teams | X | ||||
| 8 | Ability to make use of oral and written communication skills effectively | X | ||||
| 9 | Ability to recognize the need for and engage in life-long learning | X | ||||
| 10 | Ability to understand and exercise professional and ethical responsibility | X | ||||
| 11 | Ability to understand the impact of engineering solutions | X | ||||
| 12 | Ability to have knowledge of contemporary issues | X | ||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 1 | 16 |
| Presentation/Seminar Prepration | |||
| Project | 1 | 4 | 4 |
| Report | |||
| Homework Assignments | 4 | 4 | 16 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 16 | 16 |
| Prepration of Final Exams/Final Jury | 1 | 25 | 25 |
| Total Workload | 125 | ||