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IE 303
Decision Economics

Faculty Faculty of Engineering and Natural Sciences
Semester Spring 2025-2026
Course IE 303 - Decision Economics
Time/Place
Time
Week Day
Place
Date
10:40-12:30
Tue
UC-G030
Feb 16-May 22, 2026
12:40-13:30
Wed
UC-G030
Feb 16-May 22, 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; equivalent worth methods; rate of return methods; bond calculations; evaluation of alternative capital investment proposals considering depreciation, inflation, taxes; make or buy analysis; replacement analysis.
Course Learning Outcomes:
1. Apply key engineering economics concepts relevant to industrial and service systems, including time value of money, cost structures, and interest computations.
2. Apply equivalent worth methods (PW, AW, FW) to compare alternative processes, systems, and investments.
3. Apply rate of return methods (IRR, ERR) to compare alternative processes, systems, and investments.
4. Understand depreciation concepts and conduct after-tax cash flow analysis.
5. Incorporate inflation and cash flow in different currencies in engineering economic analysis.
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:

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