Undergraduate
Faculty of Engineering and Architecture
Civil Engineering
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Engineering Economics

Course CodeSemester Course Name LE/RC/LA Course Type Language of Instruction ECTS
CE5003 Engineering Economics 2/2/0 DE English 4
Course Goals
Introducing the concepts of engineering economics and providing methods and information to be used in business and current life.
Prerequisite(s) None
Corequisite(s) None
Special Requisite(s) None
Instructor(s) Assoc. Prof. EMRE CAN
Course Assistant(s) None
Schedule Lecture: Friday 09:00-10:45, Recitation: Tuesday 09:00-10:45
Office Hour(s) -
Teaching Methods and Techniques Lecture, discussion, homework
Principle Sources IKU Class Notes
Other Sources -Abol Ardalan (2000). Economic and Financial Analysis for Enginnering and Project Management. Technomic Publishing Co.-
Course Schedules
Week Contents Learning Methods
1. Week Introduction Lecture, Problem Solving
2. Week Cost Concepts Lecture, Problem Solving
3. Week Cost Concepts Examples Lecture, Problem Solving
4. Week Time Value of Money Lecture, Problem Solving
5. Week Midterm Exam I
6. Week Time Value of Money Examples Lecture, Problem Solving
7. Week Price Change and Inflation Lecture, Problem Solving
8. Week Price Change and Inflation Problems Lecture, Problem Solving
9. Week Investment Appraisal Lecture, Problem Solving
10. Week Midterm Exam II
11. Week Investment Appraisal Examples Lecture, Problem Solving
12. Week Facility Investment Lecture, Problem Solving
13. Week Financing methods for Civil Engineering Projects continued Lecture, Problem Solving
14. Week Review Lecture, Problem Solving
15. Week
16. Week
17. Week
Assessments
Evaluation tools Quantity Weight(%)
Midterm(s) 3 60
Final Exam 1 40


Program Outcomes
PO-1Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied knowledge in these areas in the solution of complex engineering problems.
PO-2Ability to formulate, and solve complex engineering problems; ability to select and apply proper analysis and modeling methods for this purpose.
PO-3Ability to design a complex systemi process, device or product under realistic constraints and conditions, in such a way as to meet the desired results; ability to apply modern design methods for this purpose.
PO-4Ability to select and use modern techniques and tools needed for analyzing and Solving complex problems encountered in engineering practice; ability to employ information technologies effectively.
PO-5Ability to design and conduct experiments, gather data, analyze and interpret results for investing complex engineering problems or discipline specific research questions.
PO-6Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
PO-7Ability to communicate effectivley, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instruction.
PO-8Awareness of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
PO-9Knowledge on behavior according ethical principles, professional and ethical responsibility and standards used in engineering practices.
PO-10Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about sustainable development.
PO-11Knowledge about the global and social effects of engineering practices on health, environment, and safety, and contemporary issues of the century reflected into the field of engineering; awareness of the legal consequences of engineering solutions.
Learning Outcomes
LO-1Defines the basic concepts related to economy. (KNOWLEDGE)
LO-2Understands the basic concepts of engineering economics. (KNOWLEDGE)
LO-3Defines the basic economic concepts of Civil Engineering. (KNOWLEDGE)
LO-4Makes the evaluation of facility investments. (SKILL)
LO-5Makes cost analysis. (SKILL)
Course Assessment Matrix:
Program Outcomes - Learning Outcomes Matrix
 PO 1PO 2PO 3PO 4PO 5PO 6PO 7PO 8PO 9PO 10PO 11