COURSE INFORMATION
Course Title: ENGINEERING ECONOMICS
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
CE 211 B 3 4 0 0 4 6
Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature) NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: Julinda Keçi
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: NA
Teaching Assistant(s) and Office Hours: NA
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time:
Course Description: The objective of this course is to provide the necessary information about engineering economy, and basic technics used in economic analysis of decisions related to engineering projects.
Course Objectives: The objective of this course is to provide the necessary information about engineering economy, and basic technics used in economic analysis of decisions related to engineering projects.
COURSE OUTLINE
Week Topics
1 General Introduction
2 Foundations of Engineering Economy
3 Factors Affecting Money
4 Combining Factors
5 Nominal and Effective Interest Rates
6 Present Worth Analysis
7 Annual Worth Analysis
8 Midterm Exam
9 Rate of Return Analysis-single
10 Rate of Return Analysis-multiple
11 Cost Estimating-Basics
12 Cost Estimating-Methods
13 Benefit/Cost Analysis
14 General Review
Prerequisite(s): -
Textbook: Leland Blank and Anthony Tarquin, Basics of Engineering Economy, McGraw-Hill, 2008.
Other References:
Laboratory Work:
Computer Usage: Ms Excel
Others: No
COURSE LEARNING OUTCOMES
1 To learn concepts of Engineering Economy
2 To learn the Time Value of Money concept
3 To learn Economic Analysis Techniques
4 To learn Economic Analysis Techniques
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in Civil Engineering (3 years) Program
1 an ability to apply knowledge of mathematics, science, and engineering 2
2 an ability to design a system, component, or process to meet desired needs
3 an ability to function on multidisciplinary teams
4 an ability to identify, formulate, and solve engineering problems 4
5 an understanding of professional and ethical responsibility
6 an ability to communicate effectively 2
7 the broad education necessary to understand the impact of engineering solutions in a global and societal context 3
8 a recognition of the need for, and an ability to engage in life long learning
9 a knowledge of contemporary issues
10 an ability to use the techniques, skills, and modern engineering tools necessary for engineering practice 4
11 skills in project management and recognition of international standards and methodologies 3
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
30
Quiz
2
15
Final Exam
1
40
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 4 64
Hours for off-the-classroom study (Pre-study, practice) 14 4 56
Mid-terms 3 6 18
Assignments 0
Final examination 1 12 12
Other 0
Total Work Load:
150
Total Work Load/25(h):
6
ECTS Credit of the Course:
6