CE 231 ENGINEERING ECONOMY
2014-2015 FALL SEMESTER
Instructors:
Dr. Engin
Erant
K1-408
Tel: 210
2421
[email protected]
Dr. İrem
Dikmen Toker
K1-410
Tel: 210
2470
[email protected]
Dr. M. Talat
Birgönül
K1-413
Tel: 210
2427
[email protected]
Section 2
Thursdays
13:40-16:30 TH7
Section 3
Thursdays
13:40-16:30 DR2
Section 1
Thursdays
13:40-16:30 TH6
Section 5
Tuesdays
13:40-16:30 TH8
Section 4
Tuesdays
13:40-16:30 DR2
Assistants:
Gözde Bilgin
Hüseyin Erol
K1-407
K1-407
Tel: 210 7483
Tel: 210 7483
[email protected]
[email protected]
Catalogue Description:
Introduction to engineering economy, interest and money-time relationships, effective and nominal interest,
compound interest, methods of comparison of alternatives by using present worth, annual equivalent and rate
of return techniques, depreciation and replacement analysis, economic life problems, cost-benefit analysis,
break-even analysis, payback period, effect of inflation.
Goals:
To discuss the time value of money and methods of comparing alternatives from economic point of view, thus
enabling students to make suitable decisions in their professional life when they have to make a decision on
an economical basis.
Reference Books:
Blank, L., Tarquin, A. (2002). Engineering Economy. Fifth Edition, McGraw-Hill, USA. (International
Edition)
Osman Okka (2006). Mühendislik Ekonomisi. Fourth Edition, Nobel Yayın. Mühendislik Serisi C3.
Course Outline:
Weeks
1
2
3
4
5
6
7
8
9
10
11
12
Topics
Introduction
Introduction to Economic Decision Parameters
Simple and Compound Interest
Effective and Nominal Interest
Methods of Comparison of Alternatives
Methods of Comparison of Alternatives
Replacement, Economic Life Problems
Cost-Benefit Analysis
Depreciation
Payback Period
Break-even Analysis
Effect of Inflation
Grading:
First Midterm: 30%, Second Midterm: 30%, Final Exam: 40%
Announcements can be followed by visiting www2.ce.metu.edu.tr/~ce231 webpage.
NA will be given to the students who miss a Midterm exam without a medical report!
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First Midterm: 30%, Second Midterm: 30%, Final Exam: 40