Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
5EEM 391Introduction to Economics2+0+021

Course Details
Language of Instruction Turkish
Level of Course Unit Bachelor's Degree
Department / Program Electrical and Electronics Engineering
Mode of Delivery Face to Face
Type of Course Unit Compulsory
Objectives of the Course The aim of this course is to give information about the basic principles of engineering economics and to apply these principles to problems involving comparison of different alternatives, such as the applicability of an investment, the rate of return on the investment, depreciation calculations for equipment to be rented or purchased.
Course Content Introduction to engineering economics and basic concepts, Introduction to engineering economics and basic concepts, Market Conditions and demand forecasting, Market Conditions and demand forecasting, Cost concepts, Cost concepts, Interest and cash flow sequences, Interest and cash flow sequences, Depreciation and Amortization methods , Midterm exam, Investment decisions and evaluation of investment options, Investment decisions and evaluation of investment options, Investment decisions in case of uncertainty, Investment decisions in case of uncertainty
Course Methods and Techniques
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Associate Prof.Dr. Yeşim HELHEL
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Engineering Economics, Hasan Eski, Özgür Armaneri. Gazi Kitabevi, Ankara, 2006.

Course Category
Social Sciences %60
Education %40

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 30
Assignment 1 % 10
Final examination 1 % 60
Total
3
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 9 3 27
Mid-terms 1 2 2
Final examination 1 2 2
Total Work Load   Number of ECTS Credits 2 73

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Understanding the basic concepts of engineering economics
2 Understanding of costs, cost classifications, interest, cash flow sequences and depreciation.
3 Analysis of Market Conditions and demand forecasts
4 Evaluating investment options
5 Making investment decisions in case of uncertainty


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction to engineering economics and basic concepts
2 Introduction to engineering economics and basic concepts
3 Market Conditions and demand forecasts
4 Market Conditions and demand forecasts
5 Cost concepts
6 Cost concepts
7 Interest phenomenon and cash flow sequences
8 Interest phenomenon and cash flow sequences
9 Depreciation and Depreciation Methods
10 Midterm
11 Investment decisions and evaluation of investment options
12 Investment decisions and evaluation of investment options
13 Investment decisions in case of uncertainty
14 Investment decisions in case of uncertainty


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11
All 4 4
C1 5 5 4
C2 5 3 3 5 4
C3 5 3 3 5 4
C4 5 3 3 5 5
C5 5 3 3 4 4

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https://obs.akdeniz.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=2429130&lang=en