OfficeNC23511 / Semester: Fall 2016
Phone860-832-1816 / Class Time: TR5:55-7:10 pm
mail / Classroom: NC 167
OfficeHoursM 12:40 to 3:00 pm; MW 4:30 to 5:50 pm; T5:20to 5:50 pm W7:20 to 7:50 pm
Textbook:
Park, C.S., 2011, Contemporary Engineering Economics, 5th Edition or newer, Pearson Education, Inc,
ISBN: 0-13-611848-8.
Catalog Description: Economic analysis of financing technical and engineering projects, and determining costs and justification of improvements as related to the construction and industrial infrastructure.
Prerequisites: Math 125 or Math 135 or Math 152
LEARNING OUTCOMES: Upon the completion of this class, the student will be able to:
- Understand the theoretical and conceptual basis upon which the practice of financial project analysis is built.
- Confidently use the computational methods, skills, and modern technical tools in the engineering practice of engineering economic analysis.
- Demonstrate knowledge of contemporary issues and understanding of the impact of engineering/technical solutions within a global perspective.
- Bring all associated critical decision-making tools to the financial decision-making task.
Tentative Course Schedule and grading scheme:
NOTE: Instructor reserves the right to modify this policy statement and syllabus. Students will be notified of any changes before they are made.
Topic / ReadChapter / Exams and its Grading
Introduction to Engineering Economy / 1, 2
Interest Rate and Economic Equivalence / 3 / Exam on ch 3 – 20%
Understanding Money and Its Management / 4 / Exam on ch 4 – 20%
Present-Worth Analysis / 5
Annual Equivalent-Worth Analysis / 6 / Exam on ch 5 and 6 – 20%
Rate-of-Return Analysis / 7 / Exam on ch 7 – 10%
Cost Concepts Relevant to Decision Making / 8
Depreciation and Corporate Taxes / 9 / Exam on ch 9 – 10%
Inflation and Its Impact on Project Cash Flows / 11 / Exam on ch 11 – 10%
Project Risk and Uncertainty / 12
Economic Analysis in the Service Sector / 16 / Exam on others – 10%
Quizzes and Homeworks:
There will be unannounced quizzes in class.Homework will be assigned but not collected. The solutions will be provided afterwards. You are responsible for knowing how to solve every homework problem, being able to reproduce every example in the textbook and in the lectures. There will be exam and quiz questions that are drawn from the lectures, textbook examples, and regular homework. How well you do in the class is directly proportional to how much homework you do on your own. If you don't do the homework, you probably won't pass.It is also to your advantage to ask questions about homework problems that give you difficulty.
Attendance:
Attendance and punctuality are requested and expected, i.e. attendance is mandatory. More than five (5) undocumented absences shall have a detrimental impact on your final grade and shall result in an F grade, this policy is non-negotiable. When you miss a class period for any reason, you are responsible for assigned work even if you are absent. An absence is not an excuse for not completing any class assignment.
Classroom Conduct:
- Plan to arrive to class on time and to stay for the entire class period (or until dismissed), random arrivals and exits are disrespectful and distracting.
- All cell phones and other electronic devices must be turned off and hidden from view while the class is in session.
- Talking, texting, or writing notes to other students, engaging in any activities not related to the class are considered disruptive behaviors and are therefore strictly prohibited.
- Computers use is prohibited unless instructed otherwise.
Academic Honesty:
Any work you submit for evaluation must be your own, any infraction no matter how small it is, will not be tolerated and will result in an F grade in the whole course, moreover, it will be reported to the Judicial Officer. Use of solution manuals is strictly prohibited and shall result in an F grade in the whole course.
For more info visit:(
Students with Disability:
The best approach is to contact Student Disability Services, Willard Hall 101-03 ( and have them email me your needs regarding class accommodation and other necessary arrangements. Student Disability Services maintains the confidential documentation of your disability and assists you in coordinating reasonable accommodations with your faculty.
Disclaimer:
The instructor reserves the right to adjust the scope of the course, covered topics, laboratory experiments, number, weights, and timing of exams, as necessary.
Calculator Policy:
Unless explicitly notified otherwise by the course instructor, the Department of Engineering requires the use of current NCEES approved calculators during all in-class exams, tests and quizzes. At present, these calculators are:
- Casio: fx-115 MS, fx-115 MS Plus, fx-115 MS SR, fx-115 ES, fx-115 ES Plus
- Hewlett Packard: The HP 33s and HP 35s models, but no others.
- Texas Instruments: All TI-30X and TI-36X models. Any Texas Instruments calculator must contain either TI-30X or TI-36X in its model name. Examples of acceptable TI-30X and TI-36X models include (but are not limited to): TI-30Xa SOLAR, TI-30Xa SE, TI-30XS Multiview, TI-30X IIB, TI-30X IIS, TI-36X II, TI-36X SOLAR, TI-36X Pro.
The list is also available at
COPYRIGHT NOTICE:
Dr. Reza Ghodsi is the copyright owner of the class notes, syllabi, assignments, other courseware and presentations prepared for this class, with all rights reserved. Students are permitted to use the courseware and presentations, and to prepare written class notes and assignments related to the courseware and presentations, as required for the successful completion of the course conducted this semester. All other written and electronic reproduction, or other use, of the courseware and presentations is prohibited without written authorization from Dr. Reza Ghodsi.
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