KMU 363

ENGINEERING ECONOMICS

Course Name:

Course Code:

Semester:

Course Type:

Course Language:

 

Theory:

Credit:

ECTS:

Engineering Economics

KMU 363

5th

Elective

English

 

3 hours/week

3

5

Lecture:

 

Monday

 

 

 

09:00-11:50

 

 

 

D2

 

Course objective:

 

  • To introduce the fundamental concepts of economic analysis for engineering and managerial decision making.
  • To explain how these will affect the functioning of an engineering company and contribute to decision making in engineering operations.

Learning outcomes:

 

  • Will be able to describe time value of money and economic equivalence
  • Will be able to analyze engineering and managerial decision making problems
  • Will be able to make informed financial decisions as a project evaluation team member or project manager
  • Will be able to consider the effect of inflation on economic analysis
  • Will be able to build critical decision making tools for making appropriate personal, private or public economic and financial decisions

Text-book:

 

  • Chan S. Park , Fundamentals of Engineering Economics, 3rd Edition, Prentice Hall

 

References:

 

  • John A. White,Kenneth E. Case,David B. Pratt, Principles of Engineering Economic Analysis, 5th Ed., John Wiley& Sons.Inc.

Grading:

 

Midterm Exams:

Homeworks:

Final Exam:

 

Quantity

2

5

1

 

Total Percentage

40%

20%

40%

Hacettepe University

Department of Chemical Engineering