Academic Catalog

CE231 ENGINEERING ECONOMY

Course Code: 5620231
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 5.0
Department: Civil Engineering
Language of Instruction: English
Level of Study: Undergraduate
Course Coordinator: Prof.Dr. MUSTAFA TALAT BRGNL
Offered Semester: Fall Semesters.

Course Content

Introduction to engineering economy, interest and money-time relationship, effective and nominal interest, compound interest, methods of comparison of alternatives by using present worth, annual equivalent and rate of return techniques, depreciation and replacement analysis, economic life problems, cost-benefit analysis, break-even analysis, playback period, effect of inflation.