Undergraduate University Curriculum Committee
Course Proposal Form for Courses Numbered 0001 – 4999
(Faculty Senate Resolution #09-44, November 2009)
Guidelines for submission may be accessed via the web at:
www.ecu.edu/cs-acad/fsonline/cu/curriculum.cfm.
Note: Before completing this form, please carefully read the accompanying instructions.
1.
Course Prefix and Number:
ENGR 3420
2.
Date:
01/21/2011
3.
Requested Action (Check only one type):
New Course
Check Required or
X
Elective
Required
Elective
Revision of Active Course
Unbanking of a Banked Course
Renumbering of Existing Course from:
#
to
#
4. Method(s) of delivery (check all boxes that apply for both current/proposed and expected
future delivery methods within the next three years):
Current or
Proposed Delivery
Method(s):
X
Expected
Future Delivery
Method(s):
On-campus (face to face)
Distance Course (face to face off campus)
Online (delivery of 50% or more of the instruction is offered online)
5.
6.
Justification for new course, revision, unbanking, or renumbering:
Assessment results from the past three years indicated that the existing ENGR 3014 Circuit
Analysis (3 hours) is insufficient to cover all the required topics. A new four-hour course,
ENGR 2514 is proposed to ensure complete coverage. The additional credit hour is
available as a result of reducing engineering economics from a three hour course to a two
hour course. The engineering faculty reviewed existing courses and determined that the
necessary engineering economics learning objectives could be covered in a two hour course
by eliminating the writing intensive designation and coverage of accounting, risk analysis,
sensitivity analysis, replacement analysis, capital rationing, and personal finance topics
from the three hour course. The engineering faculty approved this change.
Course description exactly as it should appear in the next catalog:
3420. Engineering Economics (2) 2 lecture hours per week. P: MATH 2152. 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, and taxes.
7.
8.
If this is a course revision, briefly describe the requested change:
NA
If writing intensive (WI) credit is requested, the Writing Across the Curriculum
Committee must approve WI credit prior to consideration by the UCC.
Has this course been approved for WI credit (yes/no/NA)?
No
If Yes, will all sections be WI (yes/no/NA)?
9.
If service-learning (SL) credit is requested, the Service-Learning Advisory Committee
must approve SL credit prior to consideration by the UCC.
Has this course been approved for SL credit (yes/no/NA)?
No
If Yes, will all sections be SL (yes/no/NA)?
10.
If foundations curriculum (FC) credit is requested, the Academic Standards Committee
(ASC) must approve FC credit prior to consideration by the UCC.
If FC credit has been approved by the ASC, then check the appropriate box (check at
most one):
11.
English (EN)
Science (SC)
Humanities (HU)
Social Science (SO)
Fine Arts (FA)
Mathematics (MA)
Health (HL)
Exercise (EX)
Course Credit:
Weekly
or
Per Term
=
Credit Hours
Lab
Weekly
or
Per Term
=
Credit Hours
s.h.
Studio
Weekly
or
Per Term
=
Credit Hours
s.h.
Practicum
Weekly
or
Per Term
=
Credit Hours
s.h.
Internship
Weekly
or
Per Term
=
Credit Hours
s.h.
Lecture Hours
2
Other (e.g., independent study):
2
s.h.
s.h.
Total Credit Hours
12.
Anticipated yearly student enrollment:
13.
Affected Degrees or Academic Programs:
Degree(s)/Course(s)
BS Engineering
14.
2
s.h.
80
PDF Catalog Page
298
Change in Degree Hours
None
Overlapping or Duplication with Affected Units or Programs:
X
Not Applicable
Applicable (Notification and/or Response from Units Attached)
15.
Approval by the Council for Teacher Education (required for courses affecting teacher
education programs):
X
Not Applicable
Applicable (CTE has given their approval)
16.
Instructional Format: please identify the appropriate instructional format(s):
2
Lecture
Technology-mediated
Lab
Seminar
Studio
Clinical
Practicum
Colloquium
Internship
Other (describe below):
Student Teaching
17.
Statements of Support:
(Please attach a memorandum, signed by the unit administrator, which addresses the
budgetary and staff impact of this proposal.)
X
Current staff is adequate
Additional staff is needed (describe needs below):
X
Current facilities are adequate
Additional facilities are needed (describe needs below):
X
Initial library resources are adequate
Initial resources are needed (give a brief explanation and estimate for cost of acquisition
of required resources below):
X
Unit computer resources are adequate
Additional unit computer resources are needed (give a brief explanation and an
estimate for the cost of acquisition below):
X
ITCS Resources are not needed
Following ITCS resources are needed (put a check beside each need):
Mainframe computer system
Statistical services
Network connections
Computer lab for students
Describe any computer or networking requirements of this program that are not
currently fully supported for existing programs (Includes use of classroom, laboratory,
or other facilities that are not currently used in the capacity being requested).
Approval from the Director of ITCS attached
18.
Syllabus – please insert course syllabus below. Do not submit course syllabus as a
separate file. You must include (a) the citation of the textbook chosen for the course, (b)
the course objectives, (c) the course content outline, and (d) the course assignments and
grading plan. Do not include instructor- or semester-specific information in the syllabus.
ENGR 3420 Engineering Economics
Textbook:
1. Engineering Economic Analysis, 10th Edition, Newnan, Eschenbach, and Lavelle, Oxford
University Press, 2009 (ISBN 0-19-516807-0)
2. Fundamentals of Engineering Supplied-Reference Handbook, 8th edition, National Council of
Examiners for Engineering and Surveying, 2008 (ISBN 978-1-932613-30-8.
Course Objectives:
At the completion of this course, students will be able to:
 Define fixed and variable cost and apply to solve break even analysis
 Develop a project cash flow diagram
 Solve simple and compound interest problems
 Evaluate cash flows using present worth
 Evaluate cash flows using future worth
 Evaluate cash flows using annual worth
 Evaluate projects with unequal lives
 Evaluate the return on a project using IRR and compare projects using rate of return methods
 Evaluate depreciation using straight line, sum of years, and declining balance
 Evaluate a project using pre tax analysis
 Evaluate a project using after tax methods
 Analyze inflation and cost indices
 Relate MARR to sources of capital and risk
Course Content Outline
Hour
Topic
1
Introduction, course management; making economic decisions as an engineer, ethics
2
Break even analysis, fixed and variable cost, present / current economy,
3
Interest and cash flow diagrams
4
Time value of money, compound interest, borrowing and lending (saving), Excel basics
5
Equivalence of cash flows, Single payment compound interest formulas
6
Uniform series compound interest, arithmetic gradient
7
Geometric gradient, nominal and effective interest, continuous compounding, compounding
other than annually
8
Recitation: Review and spreadsheet Excel functions
9
Test 1
10
Present worth analysis
11
Application of present worth and spreadsheets, equal and unequal lives
12
Annual cash flows, relation to present value
13
Annual cash flow analysis, alternative lives, continuing requirement, infinite analysis
14
Analysis of loans: principle and interest, bonds
15
Rate of return methods, IRR
16
Calculating the rate of return
17
Comparison of projects and incremental analysis, spreadsheet applications
18
Test 2
19
20
21
22
23
24
25
26
27
28
Other analysis methods: future worth, benefit cost, payback
Depreciation: definitions, straight line, sum of years, declining balance
MACRS and tax implications
Income tax implications- taxable income
Income tax rates
After tax analysis and cash flows
Inflation and constant versus then-current dollars
Price indices
Sources of capital and MARR- impact of risk
Review for final exam
Course Assignments and Grading Plan
Assignments
Homework:
Final Exam:
Quizzes:
Tests (2)
10%
30%
10%
50%
Grading
A: 100-90
B: 89-80
C: 79-70
D: 69-60
F: Below 60