Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
MEK301ENGINEERING ECONOMICSElective354
Level of Course Unit
First Cycle
Objectives of the Course
to teach student concepts and priciples related to engineering economics.
Name of Lecturer(s)
Prof. Dr. Sait ENGİNDENİZ-Doç.Dr. Hakan ADANACIOĞLU
Learning Outcomes
1to be capable of money and capital analyis
2to compare investment alternatives
3to evaluate macro economic conditions and its effects
4to be capable of renovation and cost analysis
5to design a project and to evaluate economics results
6to apply principles of engineering economics in career/worklife
7to understand the role of Agriculture Engineers in worklife
Mode of Delivery
Face to Face
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
* Basic concepts and priciples of engineering economics * Time value of money and interest factors * Financial analysis in engineering economics * Decision criteria and process in engineering * Project designing and investment analysis in engineering * Analysis of macro economic conditions in in engineering * Process management and input selection * Cost management and scale economics in engineering * Product designing and innovation in engineering * Market and price analysis, demand forecasting in engineering * Risk analysis and management in engineering * Depreciation and tax analysis in engineering * Efficiency and productivity analysis in engineering * Renovation analysis in engineering
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Basic concepts and priciples of engineering economicsreading literature
2Time value of money and interest factorsexampling from agriculture
3Financial analysis in engineering economicsexampling from agriculture
4Decision criteria and process in engineeringexampling from agriculture
5Project designing and investment analysis in engineeringexampling from agriculture
6Analysis of macro economic conditions in in engineeringexampling from agriculture
7Process management and input selectionexampling from agriculture
8midterm exam
9Cost management and scale economics in engineeringexampling from agriculture
10Product designing and innovation in engineeringexampling from agriculture
11Market and price analysis, demand forecasting in engineeringexampling from agriculture
12Risk analysis and management in engineeringexampling from agriculture
13Depreciation and tax analysis in engineeringexampling from agriculture
14Efficiency and productivity analysis in engineeringexampling from agriculture
15Renovation analysis in engineeringexampling from agriculture
16Final exam
Recommended or Required Reading
Akbıyıklı, R., 2014, Mühendislik Ekonomisi: Temel Prensipleri ve Uygulamaları, Birsen Yayınevi, İstanbul. Baş, E., 2012, Mühendislik Ekonomisi, Beta Basım Yayın, İstanbul. Blank, L.T., Tarquin,A.J., 2011, Engineering Economy, 7th Ed., McGraw Hill. Işık, A., 2012, Mühendislik Ekonomisi, Birsen Yayınevi, İstanbul. Küçük, O., 2011, Mühendislik Ekonomisi, Detay Yayıncılık, Ankara. Newnan, D.G., 2004, Engineering Economic Analysis, Oxford University Press, 598s. Okka, O., 2011, Mühendislik Ekonomisi Çözümlü Problemler, Nobel Akademik Yayıncılık, Ankara. Okka, O., 2014, Mühendislik Ekonomisi: Prensipler ve Uygulamalar, Nobel Akademik Yayıncılık, Ankara. Panneerselvam, R., 2012, Engineering Economics, PHI Learning Private Limited, New Delhi, 289 s. Park, C., 2012, Fundamentals of Engineering Economics, 3rd Edition, Prentice Hall, New Jersey, 696 s. Sharma, K. R., 2011, Fundamentals of Engineering Economics, Cognella Academic, San Diego, CA, 2015 s. Sullivan, W.G., Wicks, E.M., Koelling, C.P., 2011, Engineering Economy, 15th Edition, Prentice Hall, New Jersey.
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
Turkish
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination122
Final Examination122
Attending Lectures14228
Practice14228
Individual Study for Mid term Examination11010
Individual Study for Final Examination12020
Reading14342
TOTAL WORKLOAD (hours)132
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
LO1      
LO2      
LO3      
LO4      
LO5      
LO6      
LO7      
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Ege University, Bornova - İzmir / TURKEY • Phone: +90 232 311 10 10 • e-mail: intrec@mail.ege.edu.tr