IET 35000
ENGINEERING ECONOMICS
3 Credits: Online Class
Fall 2012 (version 1.0)
SECTION INFORMATION:
Class IET 35000
ENGINEERING ECONOMICS
Section# 8829
COURSE DESCRIPTION:
Examines the concepts and techniques of analysis useful in evaluating the worth of systems,
products, and services in relation to their cost. The objective is to help the students grasp
the significance of the economic aspects of engineering and to become proficient in the
evaluation of engineering proposals in terms of worth and cost. Project analysis will require
computer proficiency.
MEETING TIME: ARR/WEB
Arranged / Web. This course is being delivered completely online through the use of the
OnCourse system. The course will progress in the same fashion that a classroom course
would, with weekly scheduled lectures, reading assignments, homework, projects, etc.
Please carefully review the schedule to identify when assignments are due. OnCourse Chat
Room will be available through weekly virtual office hours. OnCourse mail is the official
method of communication.
COURSE WEEK:
The course week will officially begin Monday and end at midnight on the following Sunday
evening. Readings and lecture materials have been assigned by week – the lecture materials
are available via OnCourse on Monday morning for each given week. Homework
assignments and case study projects must be submitted via the OnCourse Assignment Link
before 8:00am EST on the specified due date.
COURSE MATERIALS:
TEXTBOOK:


Bowman, Michael S. Applied Economic Analysis for Technologists, Engineers, and
Managers, 2nd Edition (ISBN-13: 9780130945112)
Bowman, Michael S. Student Solutions Manual & Study Guide, 2nd Edition (ISBN-13:
9780130449900)
INTERNET & INTRANET RESOURCES:


Relevant resources and web links will be provided by the instructor
Student-initiated search and research on the web
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LIBRARY RESOURCES:


Quality relevant Journal articles
University libraries, e.g., “Search WorldCat” for searching IUPUI libraries and beyond:
http://www.ulib.iupui.edu/worldcat
PREREQUISITES: IET 10400 Industrial Organization or consent of the instructor.
COMPUTER RESOURCES:
OnCourse, Microsoft Office, Adobe Flash (Adobe Flash can be download from
http://www.adobe.com/support/flashplayer/downloads.html)
INSTRUCTOR:
Professor Jane SC Tsai, Ph.D. , PMP
E-mail: janetsai@iupui.edu
OFFICE HOURS:
Arranged on OnCourse.
GRADING:
Homework Assignments ............................................................... 20%
Case Study Projects ....................................................................... 15%
Final Project Report & Presentation ............................................. 15%
Exams ............................................................................................ 50%
_____________________________________________________________
Total ............................................................................................ 100%
GRADING PHILOSOPHY:
“A” grades will be given for outstanding, exemplary and exceptional work depicting over and
above what is required of the respective project or assignment. Student demonstrates the
ability to evaluate, critique, and/or design work of exceptional quality.
“B” grades will be given for good work, depicting an above average understanding. Student
demonstrates the ability to revise and synthesize work or tasks.
“C” grades will be given for average work or work that solely meets the project criteria
without an obvious effort to exceed expectations. Student demonstrates the ability to apply
and reproduce work or tasks.
Work that is lacking or deficient will receive a “D” or “F” grade.
Students will be given an automatic “W” (withdrawal) if they drop the class on time
according to the Schedule of Classes. No automatic "W" grade will be given after the date
specified in the class schedule unless the student is in passing status.
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An incomplete “I” grade will only be given in exceptional circumstances where the student is
in passing status but not able to complete the course requirements due to an excuse which
must be formally documented and be acceptable by the University administration
LATE WORK POLICY:
Late work will be downgraded by 50% immediately following the due date and time.
No work will be accepted 24 hours after these times and dates. Exceptions are only given to
those who have pre-arranged with the instructor and have provided acceptable
documentation. Communication is imperative and encouraged.
COURSE PROCEDURES:
This course is being taught on a self-learning basis. This course syllabus details the material
that will be covered by the course and the course schedule.
Materials including lecture audio files with notes, lecture slide files, supplemental materials
and reference materials will be placed on OnCourse which is accessible at:
https://oncourse.iu.edu/portal.
For more information regarding using this tool, the OnCourse Quick Start Guide for Students
can be accessed at the Training & Support portal:
https://resources.oncourse.iu.edu/access/content/user/ocadmin/training_support.html.
It is the responsibility of each student to manage their time effectively to meet the schedule
requirements and submit coursework on time. Additionally, a set of behaviors for distance
education classes is included at the end of this syllabus for your reference.
Testing for this course will be on-line. Please review the academic integrity information
below. The course also incorporates design-oriented projects which will entail your efforts.
Your instructor will be available via either the Oncourse mail or IUPUI email.
CLASS PROTOCOL and ACADEMIC INTEGRITY:
The school expects all students to follow the established standards of academic integrity in
its courses. Cheating or plagiarism (electronic or otherwise) will not be tolerated, and will
result in an F for the course, expulsion from the class, and possible university discipline.
No derogatory comments about or towards any member of the class will be tolerated in any
class, lab session or on-line discussion group.
http://www.iupui.edu/~cletcrse/academic_dishonesty.htm
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BEST PRACTICES FOR WEB-BASED CLASSES
1.
Visit the classroom web-site on Oncourse at a specific frequency. This may vary from
person to person but keep in mind putting time in the class is essential for success.
2.
It is a good quality practice to get onto the class site and study regularly throughout
the semester and to complete all assignments on or ahead of the due date.
Recognize that, for some people, it is natural to procrastinate regarding coursework
when there is no set meeting time. If this applies to you, you must fight this urge in
order to be successful. One good suggestion is to plan the time for online study into
your regular calendar. Students who do not set up a planned schedule to visit the
online classroom are less likely to earn a grade, which reflects their actual ability.
3.
It is important to recognize that students who stay away from OnCourse for long
periods (in excess of one week) are usually at a disadvantage from the lack of
communication. It is wise not to allow a gap of longer than one week between visits
to the online environment.
4.
Follow the syllabus by looking at the learning units and reading and working in the
text as needed. You must read and process the information provided. You will need
to visit all links and process the information provided in redirected areas. Each
redirection will include a notation if the material is not part of the required course
content. Unless noted, assume that the content is important and "on the test."
5.
Complete the homework assignments and projects at regular intervals spaced over
the semester. Pay attention to the respective deadlines, they are stated in the
instructions, listed on the syllabus, and entered in the OnCourse calendar.
6.
Participate in the class following the guidelines and policies set by the instructor.
7.
Take exams within the time frame suggested on the syllabus. Prepare for the exams
with the same passion as would you do for a classroom course. Read and
understand the course content and complete any suggested assignments.
8.
It is the student’s responsibility to:
a. Provide the necessary tools to complete the homework assignments.
b. Communicate with the instructor if additional help is needed for any
assignments or topics.
c. Read all correspondence sent to you, either through e-mail or within OnCourse.
OWNERSHIP of WORK PRODUCED in IET 35000:
In taking this course you are permitting the instructor to use your work produced in IET
35000 as an example of work done in this class for the purposes of IFMA accreditation,
teaching resources, research, publication and promotional material. This may involve the
reproduction of your work as well. Should you not be in agreement with this, please notify
the instructor immediately.
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TCM WRITING CENTER:
The TCM Writing Center offers free tutoring to Engineering and Technology students related
to writing and speaking assignments.
On-campus and online students can sign up for tutoring by going to
https://www.exchange.iu.edu/owa/redir.aspx?C=f1fd454799444d5bb09d4df236ed61d8&UR
L=https%3a%2f%2fwww.et.iupui.edu%2fTCMScheduling%2f
IUPUI STUDENT ADVOCATE:
Do you have a problem you don’t know how to solve? Is there information you cannot find?
Do you have a question that needs an answer or a problem that is affecting your class
attendance? The Student Advocate Office can help to answer your questions, direct you to
the appropriate departments and people, familiarize you with university policies and
procedures, and give you guidance as you look at ways to solve problems and make choices.
Call (317-278-7594) or email at stuadvoc@iupui.edu. For more information, see the Student
Advocate website at: http://www.life.iupui.edu/advocate/
IUPUI COUNSELING:
During the semester, if you find that life stressors are interfering with your academic or
personal success, consider contacting Counseling and Psychological Services (CAPS). All
IUPUI students are eligible for counseling services at minimal fees. CAPS also performs
evaluations for learning disorders and ADHD; fees are charged for testing. CAPS can be
contacted by phone (317-274-2548). For more information, see the CAPS website at:
http://life.iupui.edu/caps/.
COURSE GOALS:

Provide a basic introduction to economic concepts.

Build proficiency in the ROI methods for evaluation of engineering proposals.
LEARNING OBJECTIVES:
Upon successful completion of the course, the students should be able to:
1. Apply financial statements and accounting basics related to basic and advanced
economic analysis.
2. Determine and apply appropriate techniques for depreciation and inventory economic
analysis.
3. Apply Time Value of Money techniques to analyze, select, monitor and evaluate projects
and investments.
4. Demonstrate consideration for the dual goals of mathematical economic analysis
problem solving and external factors of organizational, human, and other
nonmathematical influences on economic decision-making.
5. Apply traditional and contemporary economic analysis technique to continuous financial
improvement.
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COURSE OUTLINE – IET 35000 Engineering Economics
Date
Reading
Topic
Week 1
Aug 20
Chapter 1
Course Introduction
Introduction to Financial Decisions.
Problem Set #1
Week 2
Aug 27
Chapter 2
Introduction to Financial Statements
and the Accounting Equation.
Problem Set #2
Week 3
Sept 3
Chapter 3
The Accounting Equation—
Depreciation, Inventory, and Ratios.
Problem Set #3
Week 4
Sept 10
Case Study #1
Week 5
Sept 17
Test #1 – Chapters 1, 2 and 3
Assignment
Week 6
Sept 24
Chapter 4
Return on Investment and SinglePayment Calculations.
Problem Set #4
Week 7
Oct 1
Chapter 5
Annual Amount and Gradient
Functions.
Problem Set #5
Week 8
Oct 8
Chapter 6
Time Value of Money Applications.
Problem Set #6
Week -Oct 15
Week 9
Oct 22
Fall Break + Assigned Reading
Chapter 7
Analyzing, Selecting, Monitoring, and
Evaluating Projects and Investments.
Week 10
Oct 29
Case Study #2
Week 11
Nov 5
Test #2 – Chapters 4, 5, 6 and 7
Problem Set #7
Week 12
Nov 12
Chapter 8
Breakeven Analysis.
Problem Set #8
Week 13
Nov 19
Chapter 9
Minimum Cost Analysis.
Problem Set #9
Week 14
Nov 26
Case Study #3
Week 15
Dec 3
Group Project and Presentation
Week 16
Dec 10
Test #3 – Chapters 8 and 9
The instructor reserves the right to modify the syllabus and/or other schedule. You will receive
this information from OnCourse announcement.
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