Course Outline
Course Information
Course Code and Title:
CIVL-3046: Management and Economics
Course Section:
All Sections
Department:
Department of Civil Engineering Technology
Program:
Civil Engineering Technology
Total Hours:
48
Credit Hours:
5
Course Description:
This course focuses on basic principles of Simple Interest, Compound Interest
and on various types of Annuities. Students will learn how to evaluate
engineering proposals, and will gain insight into organizing and operating their
own business.
1
Prior Learning Assessment and Recognition (PLAR):
Prior Learning Assessment and Recognition) is a
process in which individuals have the opportunity to obtain credit for college level
knowledge and skills gained outside the classroom and/or through other
educational programs. It is a process which documents and compares an
individual’s prior learning gained from prior education, work and life experiences
and personal study to the learning outcomes in College courses/programs. For
more information about RPL at Red River College, refer to the RPL website at
http://www.rrc.mb.ca/index.php?pid=404.
Contact Ms. Nancy Wheatley, Program Chair at 632-2221 for information
regarding RPL processes and opportunities for this course.
For general information and assistance with RPL, contact Red River College’s
RPL Advisor at 204.632.3094.
Academic Pre-requisites:
Year One Progression Requirements
Course Equivalencies:
None
Course Delivery Methods:
Classroom
Online
The following communication tools will be used in this course:
Email
Online content
Course Format:
Course delivery may include any combination of lectures, class discussions,
problems, case studies, and online lab assignments. Emphasis will be placed
on practical application of the theories and principles studied in the course.
Effective Date:
May, 2012
Instructor Information
D. Hammond (Lead)
Email: dchammond@rrc.mb.ca
Phone: 632-2995
Office: A1-31G, Notre Dame Campus
Office hours: Weekdays by appointment
2
Student Readiness
Technology & Equipment Readiness:
Computer
Internet
Student Commitments and Contact Times:
Weekly daytime attendance
(as per class schedule)
Online commitments
(Lyryx lab assignments)
Course Resources:
Textbook:
Engineering Economics, Financial Decision Making for Engineers 5 th
Edition. Niall M. Fraser, Elizabeth M. Jewkes. ISBN 978-0-13-237925-0
Pearson Publishing
Other Resources:
As supplied by the Instructor
Student Learning
Learning Objectives:
By the end of this course of study, you should be able to....
Use standard methods of financial mathematics to solve simple financial
problems likely to be encountered in engineering field and make sound
financial decisions.
Schedule
Instructional Schedule:
Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Topic
Engineering Decision Making
Time Value of Money
Cash Flow Analysis
Comparison Methods I
Comparison Methods II
Depreciation and Financial Accounting
Replacement Decisions
Taxes
Public Sector Decision Making
Dealing with Uncertainty and Risk
3
Readings
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 10
Chapter 12
Week 11
Week 12
Review
Final Exam
Cumulative
Modules TOPIC LABS
October 25,
2010
Introduction
Distribute course outlines
Discuss over course outline
Module I SIMPLE INTEREST
Upon completion of this unit, the student will be able to:
.
Determine the time period under a variety of ways of
starting loan periods.
Describe the linear behavior of simple interest.
.
Calculate the value for any variable given data on the other
variables.
.
Construct cash flow diagrams and use these to obtain
solutions to problems.
LAB#1
Module II APPLICATIONS OF SIMPLE INTEREST AND DISCOUNTING
Upon completion of this unit, the student will be able to:
.
Set up and solve for equations of value.
.
Understand a negotiable instrument, notes, drafts and
promissory notes.
.
Differentiate between simple discount and bank discount
and perform the necessary calculations.
.
Determine final balances in partial payment plans
LAB#2
LAB#3
Module III COMPOUND INTEREST LAB#4
LAB#5
Upon completion of this unit, the student will be able to:
.
Understand the difference between simple and compound
interest.
.
Determine the interest rate per period and number of
conversion periods from any nominal annual rate and loan
duration.
LAB#6
4
.
Apply the compound interest formula to determine present
values, future values, interest rates per period and nominal
annual rates, number of compounding periods, or loan
duration from text information.
.
Apply the techniques to determine present and future
values under fractional periods of compounding.
.
Convert nominal interest ratio to effective rates.
.
Determine equivalent interest rates.
.
Set up and solve for financial equivalence.
Module IV ANNUITIES
Upon completion of this unit, the student will be able to:
.
Describe the characteristics of annuities.
.
Calculate the payment size, present value, future value,
interest rate or number of payments for simple ordinary
annuities.
.
Apply the ordinary annuity model to solve for parameters of
deferred annuities.
.
Solve for parameters of the complex case annuity.
.
Solve for parameters of the perpetual annuity.
.
Find capitalized costs and apply these in financial
evaluation.
.
Find final odd-sized payments in annuities.
LAB#7 -LAB#14
Module V INTRODUCTION TO EVALUATION TECHNIQUES
Upon completion of this unit, the student will be able to:
.
Determine the payback period, simple rate of return, net
present value, benefit cost ratio, and internal rate of return
from before-tax cash flow schemes.
.
Identify the advantages and disadvantages of the
commonly used techniques of evaluation.
LAB#15
LAB#16
LAB#17
Module VI EVALUATION OF PROPOSALS WITH DIFFERENT LIFETIMES
Upon completion of this unit, the student will be able to:
.
5
Evaluate proposals with differing lifetimes using the method
of Lowest Common Multiple of Lifetimes.
.
Evaluate proposals with differing lifetimes using the method
of Capitalized Costs.
.
Evaluate proposals with differing lifetimes using the method
of Equivalent Uniform Annual Worth.
LAB#18
Module VII CASH FLOW AFTER TAXES LAB#19
LAB#20
Upon completion of this unit, the student will be able to:
.
Determine Capital Cost Allowances using the straight line
and constant ratio methods.
LAB#21
6
.
Prepare cash flows after taxes schedules from text
descriptions.
.
Perform net present evaluations incorporating income
taxes for single item accounting and grouped assets
accounting.
Module VIII REPLACEMENT EVALUATION
Upon completion of this unit, the student will be able to:
.
Evaluate replacement of asset proposals in the before-tax
situation.
.
Determine EUAC for assets belonging to a grouped CCA
class in the after-tax situation.
.
Determine the optimal replacement policy for new assets in
the after-tax situation.
.
Evaluate replacement of existing asset.
LAB#22
Module IX OPERATING YOUR OWN BUSINESS
Upon completion of this unit, the student will be able to:
.
Understand the differences between a Sole Proprietor,
Partnership, and Corporation
.
Understand the various methods of financing a business
.
Understand the different types of insurance requirements
.
Understand the differences between Income Statement,
Balance Sheet, and Daily Ledger
7
Important Dates:
NOTE: Dates are subject to change, based on student needs and at the
instructor’s discretion. Students will be notified ahead of time of any changes.
Terms Exams will be written at the end of each term. The exact date will be
announced at least a week prior to writing the particular Term Exam. The marks
per questions will be shown on the exam. An equation/formulae sheet will be
available for every exam. Students are required to bring a pencil, ruler and a
calculator only to the test. Each term test will cover material studied in that term
only (i.e. term tests are not cumulative). Students will be able to review tests;
however the tests are kept by the instructors.
Assessment and Evaluation:
Assessment Weight
Term Test 1 30%
Term Test 2 30%
Term Test 3 40%
Total:
100%
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Letter Grade Distribution
Letter Grade Distribution (as per RRC Academic Policy C5)
A+ 4.5 90 to 100%
A 4.0 80 to 89%
B+ 3.5 75 to 79%
B 3.0 70 to 74%
C+ 2.5 65 to 69%
C 2.0 60 to 64%
D 1.0 50 to 59%
F 0.0 0 -49%
Minimum performance requirement for this course: 50%
However, the student’s cumulative GPA must be maintained at 2.00 or above (C
or
60%) in order to progress from term to term (both academic and co-op work
terms).
Course Policies:
General Academic Policies:
It is the student's responsibility to be familiar with and adhere to the Red River
College (RRC) Academic Policies. These Policies can be found in the RRC
calendar or online under “A SERIES – ACADEMIC MATTERS at
http://www.rrc.mb.ca/index.php?pid=4523.
Supplementary Policies:
The student is expected to attend all lectures and labs, so is responsible for any
material missed. Regular attendance is imperative because of the building-block
nature of the skills.
Although students will have the opportunity to review all the exams, however the
marked exams will not be returned to students and remains the property of Red
River College.
Authorization:
This course is authorized for use by:
______________________________________________________
Nancy Wheatley, Civil Engineering Technology October, 2010
Chair, Department Name Date
©Red River College 2012
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