College of Engineering and Technology
Department of Industrial Engineering
Course Outline
Course Number:
(IE-0946710) Engineering Economics
Instructor:
Dr. Nabeel Yousef
Title:
Associate Professor
Office:
Department of Industrial Engineering
Office Hours:
Monday-Wednesday 2:30-3:30
Class Session:
Wednesday 3:30 – 6:30
Email:
yousefn@daytonastate.edu
Department Homepage:
http://engineering.ju.edu.jo/Departments/Home.aspx?DeptName=Industrial Engineering
Course Description: This course includes Design analysis and sensitivity of complex economic
systems with evaluation of economic system performance measures and modeling. The course
emphasizes on economic evaluation of engineering alternatives. Primarily, course concerns are
calculating project costs, incorporating interest rates, tax implications, risk, and depreciation to
assess the relative worth of engineering and generic investment alternatives.
Course prerequisites: Fundamentals of Engineering Economics
Minimum Technical Requirements: Minimum technical skills required for the course is the
ability to use MS Excel for creating and submitting files using a specific word processing or
spreadsheet program.
Student Learning Outcomes: Upon completion of this course, the student will be able to
CO1: Formulate and solve time value of money problems.
CO2: Choose and apply appropriate techniques to solve economic problems.
CO3: Compare alternative solutions to make appropriate economic decisions.
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CO4: Recognize the impact of engineering economics decisions in a global and societal context.
Required Textbook(s): Contemporary Engineering Economics, 5/E Chan S. Park, 2010
Optional Materials: Capital Investment Analysis for Engineering and Management, by J. Canada, W.
Sullivan and J. White. Prentice Hall, ISBN (0-13-311036-2)
Topics Covered:
Chapter 1 Engineering Economic Decisions
Chapter 2 Accounting and Financial Decision-Making
Chapter 3 Interest Rate and Economic Equivalence
Chapter 4 Understanding Money and Its Management
Chapter 5 Present-Worth Analysis
Chapter 6 Annual Equivalent-Worth Analysis
Chapter 7 Rate-of-Return Analysis
Chapter 8 Cost Concepts Relevant to Decision Making
Chapter 9 Depreciation and Corporate Taxes
Chapter 10 Developing Project Cash Flows
Chapter 11 Inflation and Its Impact on Project Cash Flows
Chapter 12 Project Risk and Uncertainty
Important Links: you may find the following links useful:
University Library: https://library.ju.edu.jo/e/edefault.aspx
Theses: https://theses.ju.edu.jo/Xdefault.aspx
Research Collaboration:
http://www.ju.edu.jo/Research/Lists/Research%20Collaborators/All_Items.aspx
Deanship of Academic Research: http://research.ju.edu.jo/Home.aspx
Evaluation/Assessment Methods:
Students will be assessed and evaluated through the success of this course in achieving the intended
outcomes through:
 Case Studies and/or Project that covers all objectives
 Exams to measure the understanding of the concepts within the mentioned objectives
Grading Policy:
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Grades are based on overall points accumulated on class participation/attendance, project,
case studies, and exams. In addition, to successfully complete the course with a grade C or
higher:
Course Project
20%
Assignments
Midterm
Final Exam
TOTAL Points Available
10%
30%
40%
100%
Classroom Policies
Disclaimer: Teaching policies and regulations for this course are not open for discussion or
negotiation. This syllabus has been constructed to be as complete as possible but is by no
means a binding document. I reserve the right to alter policies, procedures, and the syllabus as
needed.
How to proceed through the course: Students should plan to have three hours of study time
per week for each credit hour of class time. Example: when taking a typical 3 credit hour
course, students should plan to spend at least 9 hours per week doing coursework and studying
for that course regardless of the mode of delivery. Course information and Power Point
lectures will be available for students at http://0946710.pbworks.com/w/page/85854520/%28IE0946710%29
Students are responsible for reading and completing required course work. Students are
strongly advised to view lectures and read the syllabus carefully.
Handling of assignments:
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All assignments are due on or BEFORE the scheduled due date and time. Absolutely NO late
assignments will be accepted.
All assignments must be submitted in a high-quality and professional manner. They should be wellwritten and understandable. The steps/methods of solving the problems should be clearly stated.
Students are encouraged to collaborate outside of class to discuss and debate course concepts.
However, all assignments MUST be completed and written up individually. Each student is required
to turn in his or her own solutions.
Assignment solutions are not allowed to be shared.
Communication:
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Course communication should be through face to face or email.
Students are encouraged to communicate through face to face during office hours.
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
Grading assignments and/or exams will be within seven to ten days.
Attendance and Lateness Policy: Attendance is mandatory, you are allowed 15% of non-excused
absence and 20% of excused absence. One time late will get a warning, after that lateness will not be
excused and student will not be allowed in class.
Exams:
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There will be two exams midterm and a final
Exams will be given based on the college and the department exam schedules
Excusal of a student from an exam due to an emergency such as student illness, family illness or
death, etc. requires valid and provable documentation before the student is eligible for the
makeup exam. The documentation must be given to the instructor NO LESS THAN 24 HOURS
BEFORE the due date and NO MORE THAN 48 HOURS AFTER the due date.
Makeup exams will be given towards the end of the semester, at a date announced by the
instructor. The makeup exams may be different and more challenging than those administered
on the original date
Classroom Etiquette:
No CELL PHONES allowed in the classroom. Any use of cell phone or smart devices will result
taking the device until the end of the lecture.
Your opinion in the class should be represented through proper discussions (professional and
related to course material). If you have any complains related to the course or your grade it
should be communicated to the instructor through email messages or during office hours.
Forms of Academic Dishonesty
Cheating- Cheating can be defined as: receiving or giving unauthorized assistance on a
quiz, test, exam, paper, or project or unauthorized use of materials to complete such;
collaborating with another person(s) without authorization on a quiz, test, exam,
paper, or project; taking a quiz, test, or exam for someone else or allowing someone
else to do the same for you.
Plagiarism -Plagiarism can be defined as: submitting work in which words, facts, or
ideas from another source are used without acknowledging that the material is
borrowed whether from a published or unpublished source. For specific information on
how to document information from other sources, students should check with their
instructors, academic departments, or a recognized writing manual, such as the MLA or
APA.
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