PAÜ .:. Eğitim Öğretim Bilgi Sistemi

COURSE INFORMATION

Course Code	Course Title	L+P Hour	Semester	ECTS
IENG 208	ENGINEERING ECONOMICS	3 + 0	5th Semester	2

COURSE DESCRIPTION

Course Level	Bachelor's Degree
Course Type	Compulsory
Course Objective	To explain time value of money, cash flow analysis for investment projects, methods for evaluation of different investment projects and to have engineer candidates make application on these subjects.
Course Content	Terminology and cash flow diagrams. Interest factors and their use. Nominal and effective interest rates. Continuous compounding. Present worth and capitalized cost analysis. Unifonn annual cash flow analysis. Rate of return analysis. Internal and external rates of retum. Benefıt/cost ratio analysis. Replacement analysis. Inflation-interest relations. Deprecation. Deplation. After-tax economic analysis. Breakeven analysis.
Prerequisites	No the prerequisite of lesson.
Corequisite	No the corequisite of lesson.
Mode of Delivery	Face to Face

COURSE LEARNING OUTCOMES

1	Introduction to Engineering Economics and related decisions
2	Cost concepts relevant to decision making
3	Understanding money and its management with calculations for time value of money
4	Understanding the principles of investment
5	Annual equivalent-worth analysis
6	Present-worth analysis
7	Rate of return analysis
8	Internal-Rate-of-Return Criterion
9	Calculation of depreciation
10	Developing Project Cash Flows, Inflation and Its Impact on Project Cash Flows

COURSE'S CONTRIBUTION TO PROGRAM

	PO 01	PO 02	PO 03	PO 04	PO 05	PO 06	PO 07	PO 08	PO 09	PO 10	PO 11	PO 12
LO 001	4		3					4	2	4	3	3
LO 002	2		2					3		2	4	1
LO 003	3		5					4	4		3	3
LO 004	3		2					2	2		4
LO 005			3					3		4	4
LO 006			2						2	3		2
LO 007	3		4					4	5	2	2	3
LO 008	3							3		3	1	2
LO 009	4		3					4		3	3	4
LO 010	2		3					2	4	4	3	4
Sub Total	24		27					29	19	25	27	22
Contribution	2	0	3	0	0	0	0	3	2	3	3	2

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION

Activities	Quantity	Duration (Hour)	Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)	14	2	28
Mid-terms	1	10	10
Final examination	1	14	14
Total Work Load ECTS Credit of the Course			52 2

COURSE DETAILS

Select Year

	Course Term	No	Instructors
Details	2023-2024 Fall	1	BEYTULLAH YILMAZ

Course Details

Course Code	Course Title	L+P Hour	Course Code	Language Of Instruction	Course Semester
IENG 208	ENGINEERING ECONOMICS	3 + 0	1	Turkish	2023-2024 Fall

Course Coordinator	E-Mail	Phone Number	Course Location	Attendance
Lecturer BEYTULLAH YILMAZ	byilmaz@pau.edu.tr		MUH B0018-03	%60

Goals		To explain time value of money, cash flow analysis for investment projects, methods for evaluation of different investment projects and to have engineer candidates make application on these subjects.
Content		Terminology and cash flow diagrams. Interest factors and their use. Nominal and effective interest rates. Continuous compounding. Present worth and capitalized cost analysis. Unifonn annual cash flow analysis. Rate of return analysis. Internal and external rates of retum. Benefıt/cost ratio analysis. Replacement analysis. Inflation-interest relations. Deprecation. Deplation. After-tax economic analysis. Breakeven analysis.

Topics

Weeks	Topics
1	Basic economic concepts will be explained.
2	Basic economic concepts will be explained.
3	Production factors, Consumption, Benefit (Total and Marginal Utility) and Value will be explained.
4	Supply, Demand and Market Equilibrium will be explained.
5	Supply and Demand Practices (Rent, King's Law etc.) will be explained.
6	Flexibility and reflection of taxes will be explained.
7	Supply and Demand elasticities will be explained.
8	Consumer and Producer balance will be explained.
9	Production Costs and economies of scale will be explained in the short term.
10	Market Types and Perfect Competition Market will be explained.
11	Concepts related to macroeconomics (GNP, GDP, National Income, Real and Nominal Income etc.) will be explained.
12	Unemployment, types of unemployment and problems (Phillips Curve, Law of the Arrow, etc.) will be explained.
13	Inflation, Inflation Types and Types, Deflation, Stangflation, Money and Banking issues will be explained.
14	Turkey's national and international macro-economic data (export, import, growth, health, tourism, transport, education, defense, agriculture, etc.) issues will be discussed.

Materials

Materials are not specified.

Resources

Resources	Resources Language
Mikro Ekonomi, Beytullah YILMAZ, Denizli, 2010.	Türkçe
Makro Ekonomi, Beytullah YILMAZ, Denizli, 2010.	Türkçe
2023 yılı verilerine göre Türkiye'nin Ulusal ve Uluslararası Makro Ekonomi verileriyle ilgili 400 sayfa PPT	Türkçe

Course Assessment

L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes

Prospective Student