KNS4343 Eng Economy_Course Plan

8/12/2019 KNS4343 Eng Economy_Course Plan

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FACULTY OF ENGINEERING

UNIVERSITI MALAYSIA SARAWAK

SEMESTER 1SESSION 2013/2014

Course

Title

ENGINEERING ECONOMY

Course

Code

KNS4343

Course

Credit

3 hrs

Course

Status

Elective

Prerequisite -

Synopsis This course provides students with fundamental engineering economy, its relationship with civil

engineering project design. It covers the project cost estimation, time value of money, cash flows

analysis, project evaluation, and project selection based on its economic feasibility.

Course

Outcomes(CO)

By the end of this course, students should be able to:

Level of Domain PO

AssessedC P A S

CO1 Define the important of Engineering

Economics, recognize its basic conceptsand principles, and describe basic cost

terminology.

2 1

CO2 Interpret and apply the time value of

money, and the concept of equivalent for

cash flow analysis in evaluating a civil

engineering project.

3 1

CO3 Select a project from technically soundcivil engineering design alternatives

based on its economic feasibility

(including breakeven analysis, sensitivity,

and risk analysis).

CT 3

C: Cognitive ; P: Psychomotor ; A: Affective ; S: Soft-skills (CT: Critical Thinking, TS: Teamwork)

Week CO Topics Delivery Assessment/Evaluation

1(09/9 – 13/9)

CO1Introduction:

Origin and principles ofEngineering Economy; and

Engineering economy and Designprocess.

Lecture: Explain ,

clarify

Theoretical-based

question: quiz/ test/assignment/ final exam

2(16/9 – 20/9)

CO1Cost Concept: Cost terminology; Cost concept and Design

Economic; and Cost driven design.

Lecture: Explain ,clarify

Theoretical-basedquestion: quiz/ test/

assignment/ final exam

3(23/9 – 27/9)

CO1Cost Estimation Techniques: An Integrated Approach; Estimating Techniques (Models);

and Parametric Cost Estimation

Lecture: Explain ,

clarify

Calculation-based


4(30/9 – 4/10)

CO2Time Value of Money:

Capital; Simple Interest; Compound Interest; and The Concept of Equivalent.


Calculation-basedquestion: quiz/ test/assignment/ final exam

5(7/10 – 11/10)

CO2Cash Flows Analysis:

Cash Flows Diagrams and Tables;and

Interest Formula and Equivalent.

Lecture: Explain ,

clarify

Calculation-based

question: quiz/ test/




6(14/10 – 18/10)


Deferred Annuities (UniformSeries); and

Uniform (Arithmetic) Gradient ofCash Flows.

Lecture: Explain ,

clarify

Calculation-based



7(21/10 – 25/10)


Interest Rate that vary withTime; and

Interest Formulas for

Continuous Compounding andDiscrete Cash Flows.

Lecture: Explain ,

clarify

Calculation-based



8(28/10 –

1/11)CO2

Evaluating a Single Project:

Present, Future, and AnnualWorth Method;

The Internal/External Rate ofReturn Method; and

The Payback Period Method

Lecture: Explain ,

clarify

Calculation-based



Mid Semester Break (2/11 – 10/11)

9(11/11 – 15/11)

CO3Comparison and Selection Among

Alternatives:

Basic Concepts for Comparing Alternatives;

Projects Useful Lives are equal;and

Project Useful Lives are unequal.

Lecture: Explain ,

clarify

Theoretical-based


10(18/11 – 22/11)

CO3Depreciation and Income Tax:

Depreciation Concepts andTerminology;

Depreciation Methods; and The Effective (Marginal)

Corporate Income Tax Rate


Theoretical-basedquestion: quiz/ test/


11(25/11 – 29/11)

CO3Evaluating Public Projects with

Benefit Cost Ratio Method:

Perspective and Terminology for

analysing Public Projects; Benefit- Cost Ratio Method; Comparison of Mutually

Exclusive Projects

Lecture: Explain ,

clarify

Calculation-based



12(2/12 – 6/12)

CO3Breakeven and Sensitivity Analysis:

Price Changes and ExchangeRates;

Breakeven Analysis; and Sensitivity Analysis.

Lecture: Explain ,

clarify

Calculation-based


13(9/12 – 13/12)

CO3Probabilistic Risk Analysis:

Sources of uncertainty; Project Evaluation with discrete

and continuous random

variables; and Decision Trees.

Lecture: Explain ,

clarify

Calculation-based


14(16/12 – 20/12)

CO3Decision making considering Multi

attributes:

Examples of Multi-attributeDecision;

Non-compensatory model; and Compensatory Models.

Lecture: Explain ,

clarify

Calculation-based


Teaching - Learning

Approach

Hours per semester

Lectures 42

Tutorials Laboratory/Practical

Total 42

Percentage



Assessment Test (s) 20

Assignment(s)/Tutorial(s)/ PBL /Quiz (s)/ Project

(s)/Cooperative Learning

30

Final Exam 50

Total 100

Resources

1. William G. Sullivan, Elin M. Wicks, C. Patrick Koelling (2009). Engineering

Economy. 14th

Edition, Pearson, Prentice Hall.

2. Leland Blank, Anthony Tarquin (2011). Engineering Economy. 7th

Edition,McGraw Hill.

3. Thuesen G.J., Fabrycky W.J.(1993). Engineering Economy. Prentice Hall

4. Chan S. Park (2008). Fundamental of Engineering Economics. 2nd

Edition,

Pearson, Prentice Hall.

5. Chan S. Park (2011). Contemporary Engineering Economics. 5th

Edition,

Pearson, Prentice Hall.

Prepared by:

..............................Prof Dr F.J. Putuhena

Date:.............................

Check and certified by:

..................................................Rosmina Bt Ahmad Bustami

(Head of Civil Engineering

Department)

Date: ...........................................

Approved by:

.....................................................Prof Dr Wan Hashim Wan Ibrahim

(Dean of Faculty of Engineering)

Date: ...............................................................

KNS4343 Eng Economy_Course Plan

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