Credit Structure: (3-0)3

Catalog Description
Introduction to the profession of Civil Engineering. Introduction to engineering economy. Interest and money-time relationship. Depreciation, valuation depletion. Basic methods for making economic comparisons. Risk-decision analysis. Selection between alternatives and the replacement problem. Applications related to various constructions projects. Quantity measurement and cost estimating of a building project.

Course Objectives:
To introduce quantity measurement and cost estimation for a building project; engineering economy principles, (interests, money-time relationships); techniques for comparison of alternatives (rate-of return, PW, AE approaches) and depreciation, replacement, cost-benefit analysis principles.

Prerequisites:
None

Textbook(s):
L.T. Blank and A.J. Tarquin, "Engineering Economy", 3rd Ed., Mc Graw Hill, 1989.

Reference(s):
J.A. White, M.H. Agee and K.E. Case, "Principles of Engineering Economic Analysis", 3rd. Ed., John Wiley and Sons, 1989.

Syllabus:
1. Introduction to Building Materials and Components
2. Cost and Quantity Measurement
3. Simple and Compound Interest
4. Effective and Nominal Interest
5. Introduction to Economic Decision Parameters
6. Methods of Comparison of Alternatives
7. Depreciation and Replacement
8. Economic Life Problems
9. Cost-Benefit Analysis

Homeworks, Quizzes, Projects:
None

Computer Usage:
None

Laboratory Work:
None

Category Content:
Mathematics and Basic Sciences: None
Engineering Design: 0.5 credit
Engineering Sciences: None
Humanities & Social Sciences: 1 credit
Departmental: 1.5 credits

Instuctors:
Talat Birgönül