OPERATING ROOM SERVICES (TURKISH)
Associate TR-NQF-HE: Level 5 QF-EHEA: Short Cycle EQF-LLL: Level 5

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
INE3003 Engineering Economy Fall 3 0 3 5
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction: English
Type of course: Non-Departmental Elective
Course Level: Associate (Short Cycle)
Mode of Delivery: Face to face
Course Coordinator : Dr. Öğr. Üyesi ELİF HAKTANIR AKTAŞ
Course Lecturer(s): Dr. Öğr. Üyesi ADNAN ÇORUM
Dr. Öğr. Üyesi ETHEM ÇANAKOĞLU
Dr. Öğr. Üyesi 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.

Learning Outcomes

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

Course Content

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

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction
2) Foundations of engineering economy
3) Factors: How time and interest affect money
4) Factors: How time and interest affect money
5) Combining factors
6) Nominal and effective interest rates
7) Nominal and effective interest rates
8) Present worth analysis
9) Present worth analysis
11) Rate of Return Analysis: Multiple Alternatives
12) Breakeven and payback analysis
13) Effects of Inflation
14) Effects of Inflation

Sources

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:

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Laboratory 14 % 15
Quizzes 3 % 15
Midterms 1 % 30
Final 1 % 40
Total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 2 28
Application 14 2 28
Study Hours Out of Class 14 4 56
Quizzes 3 1 3
Midterms 1 2 2
Final 1 2 2
Total Workload 119

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) The use of theoretical knowledge in practice
2) Effective use the terminology of the field
3) Behave according to basic professional legislation related the field
4) Use information and communication technology, express professional knowledge through written and verbal/non-verbal communication
5) Express the social, scientific, cultural and ethical values of professional
6) Behave according to quality management and processes and participate in these processes
7) Develop themselves personally and professionally updating knowledge, skills and competencies of the field with lifelong learning awareness
8) Use basic level knowledge and skills related the field, interpret and evaluate the data, identify potential problems and solve them
9) Implement techniques according to developing technology and use new tools and devices
10) The ability to prepare the operating room for surgery
11) The ability to admit the patient into the operating room and to provide assistance for post - operational transport
12) The ability to have theoretical and practical knowledge related to the field at a basic level