ENGINEERING ECONOMY
College of Engineering
Engineering Economy (GE 4010)
COURSE OUTLINES
DR. MAISARA MOHYELDIN GASIM
ENGINEERING ECONOMY
COURSE INSTRUCTOR:
Dr. Maisara Mohyeldin Gasim Mohamed
Assistant professor
Phone No. :0115888730
DR. MAISARA MOHYELDIN GASIM
ENGINEERING ECONOMY
Course Outcomes:
By the end of semester, students should be able to:
CO1 Understand the theoretical and conceptual basis of
economics
CO2 Posses a set of practical tools to make systematic and
informative decisions when evaluating an engineering project.
CO3 Have critical thinking skills, problem solving abilities, and
familiarity with the project evaluations procedures essential to
various engineering fields.
CO4 demonstrate the capacity for critical thought, team work,
resourceful study, and effective communication.
CO5 use MS Excel for basic economic evaluation of a project.
DR. MAISARA MOHYELDIN GASIM
ENGINEERING ECONOMY
Assessment Methods:
Assessment
CO1
CO2
CO3
CO4
CO5
Distribution
Quizzes
√
√
√
√
√
5%
Assignments
√
√
√
√
√
5%
Test 1
√
√
Test 2
10 %
√
√
15 %
Attendance
Final Exam
5%
√
Total
DR. MAISARA MOHYELDIN GASIM
√
√
√
√
60 %
100%
ENGINEERING ECONOMY
References:
Principles of Engineering Economics
Analysis, White, Agee and case,
DR. MAISARA MOHYELDIN GASIM
ENGINEERING ECONOMY
List of Topics
Introduction to Engineering Economic Analysis:
Time Value Of Money: Cash Flow Diagrams, Simple Interest Calculations, Compound
Interest Calculations, Multiple Compounding Periods in a year and Continuous
Compound Interest Calculations.
Equivalence and Indifference
Comparison of Alternatives:, Choosing Planning Horizons
Measure of Worth:
Present Worth Analysis: Single Alternative, Multiple Alternatives, One shot investment
Future Worth Analysis: Single Alternative, Multiple Alternatives, One shot investment
Annual Worth Analysis: Single Alternative, Multiple Alternatives, Least Common Multiple
of Lives Assumption, Sections
Internal Rate of Return: Single Alternative, Multiple Alternatives,
External Rate of Return: Single Alternative, Multiple Alternatives,
Analyzing Alternatives With no Positive Cash Flow
Depreciation.
Replacement Analysis
Economic Analysis of Public Projects
Cost Terminology
DR. MAISARA MOHYELDIN GASIM
ENGINEERING ECONOMY
Important dates:
Week Date
Assessment
Remarks
Submit by 13/04
1
05/04 – 25/01
09/04- 29/01
2
12/04 - 01/02
16/04- 05/02
Assignment 1
3
19/04- 08/02
23/04- 12/02
Quiz 1
4
26/04 – 15/02
30/04- 19/02
Assignment 2
5
03/05 - 22/04
07/05- 26/02
Quiz 2
6
10/05– 01/03
14/05- 05/03
Test 1
7
17/05 – 08/03
21/05- 12/03
Assignment 3
8
24/05 – 15/03
28/05- 19/03
Quiz 3
9
09/06– 29/03
13/06- 02/04
Assignment 4
10
16/06– 05/04
20/06- 09/04
Quiz 4
11
23/06– 12/04
27/06- 16/04
Assignment 5
12
30/06– 19/04
04/07- 23/04
Quiz 5
13
07/07– 26/04
11/07- 30/04
Test 2
14
14/07– 03/05
18/07- 07/05
DR. MAISARA MOHYELDIN GASIM
Submit by 23/04
Submit by 15/05
Submit by 06/06
Submit by 20/06
ENGINEERING ECONOMY
My Commitment to You
I will endeavor to
– start and end class on-time every time
– be prepared and give a “best effort” in teaching the
course material
– treat you as professionals and cover material that will be
of maximum benefit to you
– determine your grade based on your performance, i.e.,
you are not competing with one another
– return all graded work promptly
– respond to your feedback
DR. MAISARA MOHYELDIN GASIM
ENGINEERING ECONOMY
Your Commitment to Me
You will endeavor to
– attend every class and arrive on time, unless you are ill or
have a personal “emergency”
– read the handouts and text before coming to class; turn in
all homework and take all tests
– conduct yourself as a professional, maintain the highest
integrity and code of conduct, and help other students
learn the material
– let me know if you have difficulty understanding the
material and provide feedback at the end of each class on
positive and negative aspects of the course
DR. MAISARA MOHYELDIN GASIM