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Cyprus International University
TR

ENGINEERING ECONOMY

Course
INDE232 - ENGINEERING ECONOMY
Department
Institute of Graduate Studies and Research
Course Type
Scientific Preparation
Status
Required
Language
English
Credit
0
ECTS
0
T+P+L
0 + 0 + 0
Course Coordinator(s)
Dr. Faramarz KHOSRAVı
Prerequisite
-
Keywords
-

Course Description

-

ENGINEERING ECONOMY

Evaluation Tools (Active Term)

Item Type Weight (%)
Quiz 1 Quiz 10
Quiz 2 Quiz 10
Midterm Midterm 40
Final Final 40
Total 100

Course outcomes

  1. 01 Recognize the fundamental concepts of engineering economy
  2. 02 Apply engineering economy factors to account for the time value of money
  3. 03 Analyze Service, revenue, mutually exclusive and independent alternatives
  4. 04 Perform economic analysis of alternatives using present worth, annual worth, future worth and rate of return methods.
  5. 05 Evaluate projects using rate-of -return and benefit/cost ratio methods
  6. 06 Decide the level of activity necessary or the value of a parameter to breakeven.
  7. 07 Combine the effects of inflation into an economic analysis whenever necessary

Course Syllabus

Week Topic
Week 1 Importance of Eng. Economy
Week 2 Money time relations, factors
Week 3 Simple & Compund Interest Rates and Cash Flow Diagrams
Week 4 Single Amount and Uniform Series Factors
Week 5 Gradients and Factors
Week 6 Shifted Cash Flows
Week 7 Nominal and Effective interest rates, combining factors
Week 8 Midterm Week
Week 9 Nominal and Effective interest rates, combining factors
Week 10 Nominal and Effective interest rates, combining factors
Week 11 Present Worth and Annual Worth methods
Week 12 Present Worth and Annual Worth methods
Week 13 Capitalized Cost Analysis
Week 14 Revision Class
Week 15 Final Week

Reference Books & Course Materials

  1. 01 Leland Blank and Anthony Tarquin "Basic of Engineering Economy" ,Mc Graw Hill, 1st edition, 2008.
  2. 02 Leland Blank and Anthony Tarquin “Engineering Economy”, Mc Graw Hill, sixth edition, 2005.
  3. 03 William G. Sullivan, Elin M. Wicks and James T. Luxhoj “Engineering Economy”, Thirteenth edition, Pearson Prentice-Hall, 2006.

Learning Outcomes

  1. L01 Recognize the fundamental concepts of engineering economy
  2. L02 Apply engineering economy factors to account for the time value of money
  3. L03 Analyze Service, revenue, mutually exclusive and independent alternatives
  4. L04 Perform economic analysis of alternatives using present worth, annual worth, future worth and rate of return methods.
  5. L05 Evaluate projects using rate-of -return and benefit/cost ratio methods
  6. L06 Decide the level of activity necessary or the value of a parameter to breakeven.
  7. L07 Combine the effects of inflation into an economic analysis whenever necessary

Program Outcomes

No program outcomes have been defined.

Po-Lo Matrix

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