COURSE INFORMATION Course Title: ENGINEERING ECONOMICS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
CEN 211	C	3	3	0	0	3	5

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:	Interest and money-time relationship. Depreciation, valuation depletion. Basic methods for making economy studies. Risk-decision analysis. Selection between alternatives and the replacement problem. Applications related to various constructions projects. Quantity measurement and cost estimating of a building project. Profile of the construction sector; company and site organization and types of contracts. Construction projects; estimating, tendering, planning and execution. Construction equipment; selection criteria, hourly cost determination and output analysis of excavators.
Course Objectives:	The objective of this course is to provide the necessary information about engineering economy, and basic techniques 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 and apply Economic Analysis Techniques
4	To learn how to make economic decisions

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Bachelor in Computer Engineering (3 years) Program
1	Engineering graduates with sufficient theoretical and practical background for a successful profession and with application skills of fundamental scientific knowledge in the engineering practice.	1
2	Engineering graduates with skills and professional background in describing, formulating, modeling and analyzing the engineering problem, with a consideration for appropriate analytical solutions in all necessary situations.	2
3	Engineering graduates with the necessary technical, academic and practical knowledge and application confidence in the design and assessment of machines or mechanical systems or industrial processes with considerations of productivity, feasibility and environmental and social aspects.
4	Engineering graduates with the practice of selecting and using appropriate technical and engineering tools in engineering problems, and ability of effective usage of information science technologies.
5	Ability of designing and conducting experiments, conduction data acquisition and analysis and making conclusions.
6	Ability of identifying the potential resources for information or knowledge regarding a given engineering issue.	3
7	The abilities and performance to participate multi-disciplinary groups together with the effective oral and official communication skills and personal confidence.	2
8	Ability for effective oral and official communication skills in foreign language.
9	Engineering graduates with motivation to life-long learning and having known significance of continuous education beyond undergraduate studies for science and technology.
10	Engineering graduates with well-structured responsibilities in profession and ethics.
11	Engineering graduates who are aware of the importance of safety and healthiness in the project management, workshop environment as well as related legal issues.	3
12	Consciousness for the results and effects of engineering solutions on the society and universe, awareness for the developmental considerations with contemporary problems of humanity.	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	3	48
Hours for off-the-classroom study (Pre-study, practice)	14	3	42
Mid-terms	3	8	24
Assignments			0
Final examination	1	11	11
Other			0
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5