Course Information

Course Code:
Course Number:
Code Course Name Language Type
INS 301E Engineering Economics English Compulsory
Local Credits ECTS Theoretical Tutorial Laboratory
2 3 2 0 0
Course Prerequisites and Class Restriction
Prerequisites None
Class Restriction None
Course Description
Introduction to the concepts of economic analysis and their role in engineering decision making such as engineering costs, time value of money, cash flow models, and comparison of alternatives. Application of analytical methods such as present/future worth analysis, rate of return analysis, benefıt/cost ratio analysis, and replacement analysis to practical engineering problems. Understanding the implications and importance of depreciation, taxes, and inflation in engineering economic problems.

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