Course Information
Course Title Code Semester T + P ECTS
Engineering Economy BMM424 8 2 + 0 2

Prerequisites None

Language Turkish
Level Bachelor's Degree
Type Compulsory
Coordinator Assoc.Prof. SEDA TIĞLI AYDIN
Goals The aim is to teach students basic Engineering Economy concepts and helping them to make comparison, choice, analysis and evaluation based on economical diversities between alternatives through performing different economic evaluation methods.
Contents Basic Concepts, Balance of Cash Flow, Relationships between Time, Money and Interest, Present Worth Method, Annual Worth Method, Future Worth Method, Internal Rate of Return Method, External Rate of Return, Performing Comparison between Alternatives, Cash Flow Analysis After Taxation, Effect of Inflation on Cash Flows, Breakeven Analysis, Benefit-Cost Ratios, Depreciation and Replacement Analysis
Work Placement(s) Absent

Number Learning Outcomes
1 Developping skills for the aplications of engineering economics princples and decision-making process.
2 Preparation of project cash flows.
3 Economic analysis of the project.
4 Feasibility of the Project and decision making.

Mode of Delivery Face-to-Face
Planned Learning Activities & Teaching Methods Theoritical
Assessment Methods Midterm Exam, Final Exam

Course Content
Week Topics Study Materials
1 Basic Concepts in Engineering Economy Reading the related topics
2 Interest-Time-Money Relationship I Reading the related topics
3 Interest-Time-Money Relationship II Reading the related topics
4 Economic Analysis Methods I Reading the related topics
5 Economic Analysis Methods II Reading the related topics
6 Economic Analysis Methods III Reading the related topics
7 Performing Comparison between Alternatives Reading the related topics
8 Inflation and Its Effects on Cash Flows Reading the related topics
9 MIDTERM EXAM Reading the related topics
10 Tax and Depreciation Reading the related topics
11 Breakeven Analysis Reading the related topics
12 Benefit-Cost Ratios Reading the related topics
13 Replacement Analysis I Reading the related topics
14 Replacement Analysis II Reading the related topics

Textbook "Mühendislik Ekonomisi", Işık, A., 2005 "Mühendislik Ekonomisi", Okka, O., 2010
Additional Resources "Engineering Economy", Blank, L., Tarquin, A., 2004 "Engineering Economy", Degarmo, E.P., Sullivan, W.G., Bontadelli, J.A., 2008

Assessment System Quantity Percentage
In-Term Studies
Mid-terms 1 85
Quizzes 2 10
Assignments 1 5
In-Term Total 4 100
Contribution of In-Term Studies to Overall 40
Contribution of Final Exam to Overall 60
Total 100

Course's Contribution to PLO
No Key Learning Outcomes Level
1 2 3 4 5
1 Has principal knowledge about Math, Science and Engineering subjects related to their own branches. x
2 Uses Math, Science and theoretical and practical knowledge of their own areas to find solutions for current engineering problems. x
3 Identifies, formulates and solves engineering problems, for that purpose, selects and applies appropriate analytical methods and modeling techniques. x
4 Analyzes a system, a component, or a process, designs under realistic constraints to meet the desired requirements; implements the methods of modern design accordingly. x
5 Selects and uses modern techniques and tools necessary for engineering applications. x
6 Designs and performs experiments, collects data, analyzes and interprets the results. Finds solutions to problems in the fields of medicine and biology using engineering techniques. x
7 Works effectively as an individual and multidisciplinary teams. x
8 Collects information and does research of resources for this purpose, uses databases and other information resources. x
9 Is aware of necessity of lifelong learning; monitors developments in science and technology and continuously renews himself/herself. x
10 Uses informatics and communication technology with computer software that is minimum required by the European Computer Driving Licence Advanced Level. x
11 Communicates effectively verbal and written, uses at least one foreign language at B1 level of European Language Portfolio. x
12 Is aware of universal and social effects of engineering solutions and applications, Is aware of entrepreneurship and innovation and has knowledge of contemporary issues. x
13 Has principal knowledge about professional and ethical responsibility. x
14 Holds awareness about project management, workplace practices, employee health, environmental and occupational safety; and about the legal implications of engineering applications. x
15 Trains individuals to be preferred in biomedical industry by national and international institutions and have the qualification of hardware. x
16 Provides training and consulting services to improve the quality and reliability in the use of technology in hospitals in the field of clinical engineering. x
17 Provides consulting and technical support services to hospitals, health organizations and medical technology manufacturers/sellers. x

Activities Quantity Duration (Hour) Total Work Load (h)
Course Duration 14 2 28
Hours for off-the-classroom study (Pre-study, practice) 14 1 14
Assignments 4 1 4
Mid-terms 1 10 10
Final examination 1 15 15
Total Work Load (h) 71
Total Work Load / 30 (h) 2.37
ECTS Credit of the Course 2