Editorially Revised 3-22-06
University Curriculum Committee
Course Proposal Form
for Courses Numbered 0001 – 4999
(Faculty Senate Resolution #04–18, April 2004)
Note: Before completing this form, please read the accompanying instructions
carefully.
1. Course Prefix and Number:
ICEE 3400
2. Date:
10/06/06
3. Requested Action (check only one box):
X
New Course
Revision of Active Course
Revision & Unbanking of a Banked Course
Renumbering of an Existing Course
from #
to
#
4. Justification for new course or course revision or renumbering:
This curriculum change is a part of a revision of the engineering program to
achieve several goals: 1) more closely align content with general engineering
programs; 2) adjust the timing and coverage of materials to support success in
the fundamentals of engineering exam; 3) adjust the sequence of science,
mathematics, and engineering courses to better integrate the content. These
changes have been developed and approved by the department faculty and
have been endorsed by the Engineering Advisory Board.
5. Course description exactly as it should appear in the next catalog:
3400 Engineering Economics (3) (WI) (S) P: ICEE 2060 Analysis of cash flows including cost,
revenue, and benefits that occur at different times. Evaluation of engineering projects using equivalent
worth, benefit - cost, and rate of return including impact of depreciation, taxes, and statistical risk.
6. If this is a course revision, briefly describe the requested change:
7. Undergraduate Catalog Page Number from current undergraduate catalog:
295
8. The Writing Across the Curriculum Committee must approve Writing Intensive
(WI) credit for all courses prior to their consideration by the UCC. If WI credit is
2
requested, has this course been approved for Writing Intensive (WI) credit?
Yes
No
X
If Yes, will all sections be Writing Intensive (yes/no)?
Yes
No
X
9. Any course requesting Foundations Curriculum credit must be
reviewed by Academic Standards Committee prior to their consideration by
the UCC. If FC credit has been approved by the ASC, then check the
appropriate box (check at most one), otherwise leave all boxes blank.
English (EN)
Humanities (HU)
Fine Arts (FA)
Health (HL)
10. Course Credit:
Lecture
3
Hours
Science (SC)
Social Science (SO)
Mathematics (MA)
Exercise (EX)
Per
Term
Per
Lab
Weekly OR
Term
Per
Studio
Weekly OR
Term
Per
Practicum
Weekly OR
Term
Per
Internship
Weekly OR
Term
Other (e.g., independent study) Please explain.
Weekly
OR
Credit
Hours
Credit
Hours
Credit
Hours
Credit
Hours
Credit
Hours
3
Total Credit Hours 3
s.h.
s.h.
s.h.
s.h.
s.h.
s.h.
11. Anticipated yearly student enrollment: 100
12. Affected Degrees or Academic Programs:
Current
Degree(s)/Course(s)
Catalog Page
BS Engineering
295
13.
Changes in Degree Hours
None
Overlap or Duplication with Affected Units or Programs:
3
X
Not Applicable
Applicable (notification and responses from affected units are
attached)
14. Approval by the Council for Teacher Education (required for courses affecting
teacher education programs):
X
Not Applicable
Applicable (CTE has given its approval.)
15.
Statements of Support:
X
Current staff is adequate
Additional staff is needed (describe needs in the box below):
X
Current facilities are adequate
Additional facilities are needed (describe needs in the box below):
X
Initial library resources are adequate
Initial resources are needed (in the box below, give a brief
explanation and an estimate for the cost of acquisition of required
initial resources):
X
Unit computer resources are adequate
Additional unit computer resources are needed (in the box below,
give a brief explanation and an estimate for the cost of acquisition):
X
ITCS resources are not needed
The following ITCS resources are needed (put a check beside each
need):
Mainframe computer system
Statistical services
Network connections
Computer lab for students
Remember to forward email approval from the director of ITCS to
UCC.
4
16. Syllabus – please insert course syllabus below. You must include (a) the
name of the textbook chosen for the course, (b) the course objectives, (c) the
course content outline, and (d) the course assignments and grading plan.
ICEE 3400 Engineering Economics
Required Texts:
1. Engineering Economic Analysis, 9th Edition, Newnan, Eschenbach, and Lavelle, Oxford University Press,
2004. (ISBN 0-19-516807-0)
2. Study Guide for Engineering Economic Analysis, 9 th Edition, Newnan and Wheeler, Oxford University
Press, 2004. (ISBN 0-19-517149-7)
3. Newspapers: The Daily Reflector, The New York Times, USA Today and (optional) The Wall Street
Journal.
4. Fundamental Of Engineering Supplied-Reference Handbook (p) NCEES, 7th edition, Natl Council Of
Examiners , ISBN: 1-932613-19-6
Course Objectives:
Upon completion of this course, students shall be able to:
 Evaluate and identify the impact of fixed and variable costs.
 Evaluate investments using the time value of money and economic equivalence methods
 Evaluate capital investment alternatives rate of return methods
 Apply methods for determining benefit cost comparison of projects in the public sector
 Evaluate and apply depreciation, taxes, and inflation influences in project analysis
 Use integrated spreadsheet software to solve engineering economics problems
Course Outline:
 Course introduction, syllabus review, Spreadsheets
 Accounting
 Engineering costs and estimates
 Cash Flows and time value of money
 Economic equivalence and interest formulas
 Uniform series, geometric gradient, rates
 Continuous compounding, spreadsheets
 Present worth, annual worth, future worth
 Equivalence of investments
 Rate of Return methods
 Project comparison using IRR
 Incremental rate of return and multiple project comparison
 Other Techniques –B-C Payback, Sensitivity, Breakeven
 Depreciation – basic and historical, MACRS
 Income taxes
 Replacement analysis
 Inflation & Min. rate of return
 Portfolio methods and rationing capital
Grading Policy and Assignments:
Students will be evaluated based on the combination of class activities. The final grade will be assessed with the
following criteria:
Grading
Assessment
5
A
B
C
D
F
90% or better
80% or better
70% or better
60% or better
Less than 60%
Homework and participation
Case studies
Quizzes
Tests
Final Exam
10%
40%
10%
20%
20%