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IE 303
Decision Economics

Faculty Faculty of Engineering and Natural Sciences
Semester Fall 2025-2026
Course IE 303 - Decision Economics
Time/Place
Time
Week Day
Place
Date
09:40-11:30
Wed
UC-G030
Sep 29, 2025-Jan 3, 2026
14:40-15:30
Thu
UC-G030
Sep 29, 2025-Jan 3, 2026
Level of course Undergraduate
Course Credits SU Credit:3, ECTS:6, Engineering:6
Prerequisites -
Corequisites IE 303R
Course Type Lecture

Instructor(s) Information

Tonguç Ünlüyurt

Course Information

Catalog Course Description
Time value of money; discounted cash flow analysis; break-even analysis; evaluation of alternative capital investment proposals considering depreciation, inflation, taxes; make or buy analysis; replacement analysis; bonds, stocks, and options; decision making under certainty and risk; internal (and external) rate of return analysis; after tax cash flow analysis; net present value.
Course Learning Outcomes:
1. Apply equivalent worth methods and rate of return methods to determine the best alternative to carry out an engineering project;
2. Carry out interest computations and conversions;
3. Compute after tax cash flows;
4. Use spreadsheets to conduct engineering economic analysis;
5. Identify the relevance of engineering economics analysis in everyday life;
6. Appreciate the use of spreadsheets in engineering economic analysis;
7. Identify relevant problems that need engineering economic analysis;
8. Use the methods and concepts with real life data.
Course Objective
Sustainable Development Goals (SDGs) Related to This Course:
Industry, Innovation and Infrastructure

Course Materials

Resources:
Enginnering Economy, Sullivan, Wicks, Wilck, 18th edition, e-book, Pearson
Technology Requirements:

Policies