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Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
INE3003 | Engineering Economy | Spring | 3 | 0 | 3 | 5 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | English |
Type of course: | Non-Departmental Elective |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Face to face |
Course Coordinator : | Assoc. Prof. ELİF HAKTANIR AKTAŞ |
Course Lecturer(s): |
Assoc. Prof. ADNAN ÇORUM Assoc. Prof. ETHEM ÇANAKOĞLU Assist. Prof. ALPER CAMCI |
Recommended Optional Program Components: | N.A. |
Course Objectives: | The purpose of this course is to supplement engineering student’s technical training with the knowledge and capability to perform financial analysis especially in the area of capital investment. |
The students who have succeeded in this course; I. Explain the role of engineering economy and the concepts of time value of money II. Define financial factors regarding time and interest effect on money III. Define nominal and effective interest rates and inflation rate IV. Perform present worth and annual worth analysis to evaluate projects and investments V. Define the Rate of return and perform rate of return analysis to evaluate projects and investment |
Foundations of engineering economy Factors: How time and interest affect money Combining factors Nominal and effective interest rates Present worth analysis Annual worth analysis Rate of return analysis Inflation |
Week | Subject | Related Preparation |
1) | Introduction to the course | |
2) | Time Value of Money, Interest, and Cash Flow Diagrams | |
3) | Time Value of Money, Interest, and Cash Flow Diagrams | |
4) | Present Worth, Future Worth, and Unknown Interest Rates | |
5) | Annuities: Uniform Series | |
6) | Arithmetic and Geometric Gradients | |
7) | Multiple Factors in Engineering Economic Problems | |
8) | Midterm | |
9) | Present Worth Capitalized Cost Analysis: Present Worth Method of Comparing Alternatives | |
10) | Equivalent Uniform Annual Worth Comparison Method | |
11) | Rate of Return Method for Comparing Alternatives | |
12) | Replacement Analysis | |
13) | Benefit/Cost Ratio Economic Evaluations | |
14) | Depreciation |
Course Notes / Textbooks: | 1. Chan S Park, Contemporary Engineering Economics, Global Edition, 6th edition, Pearson. 2. Blank & Tarquin (2012) Engineering Economy, 8th Ed. McGraw-Hill Inc. |
References: |
Semester Requirements | Number of Activities | Level of Contribution |
Quizzes | 2 | % 20 |
Midterms | 1 | % 40 |
Final | 1 | % 40 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 60 | |
PERCENTAGE OF FINAL WORK | % 40 | |
Total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 14 | 3 | 42 |
Study Hours Out of Class | 14 | 5 | 70 |
Quizzes | 2 | 1 | 2 |
Midterms | 1 | 2 | 2 |
Final | 1 | 2 | 2 |
Total Workload | 118 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | To prepare students to become communication professionals by focusing on strategic thinking, professional writing, ethical practices, and the innovative use of both traditional and new media | 2 |
2) | To be able to explain and define problems related to the relationship between facts and phenomena in areas such as Advertising, Persuasive Communication, and Brand Management | |
3) | To critically discuss and interpret theories, concepts, methods, tools, and ideas in the field of advertising | |
4) | To be able to follow and interpret innovations in the field of advertising | |
5) | To demonstrate a scientific perspective in line with the topics they are curious about in the field. | |
6) | To address and solve the needs and problems of the field through the developed scientific perspective | |
7) | To recognize and understand all the dynamics within the field of advertising | |
8) | To analyze and develop solutions to problems encountered in the practical field of advertising |