Academic Catalog


Course Code: 3520280
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 5.0
Department: Economics
Language of Instruction: English
Level of Study: Undergraduate
Course Coordinator: Assist.Prof.Dr M.FERNANDA RIVAS
Offered Semester: Fall Semesters.

Course Content

Introduction to engineering economy. Interest and money-time relationship. Depreciation, valuation depletion. Basic methods for making economy studies. 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.