Syllabus Application
IE 303
Decision Economics
Faculty
Faculty of Engineering and Natural Sciences
Semester
Fall 2026-2027
Course
IE 303 -
Decision Economics
Time/Place
Time
Week Day
Place
Date
08:40-10:30
Wed
FENS-G077
Sep 28-Dec 31, 2026
14:40-15:30
Thu
FENS-G077
Sep 28-Dec 31, 2026
Level of course
Undergraduate
Course Credits
SU Credit:3, ECTS:6, Engineering:6
Prerequisites
-
Corequisites
Course Type
Lecture
Instructor(s) Information
Tonguç Ünlüyurt
- Email: tonguc@sabanciuniv.edu
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.
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
This course aims to equip students with the knowledge and analytical skills necessary to evaluate engineering alternatives using economic principles, time value of money concepts, and quantitative decision-making techniques to make cost-effective and sustainable engineering decisions. The main techniques are equivalent worth methods and rate of return methods by considering tax consequences, inflation and different currencies.
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