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Week 1 - Is This Course Important (2014)

This document discusses the importance and objectives of an engineering economy course. It provides three key reasons for the course's importance: 1. Engineering is a well-paid profession and this course is an important part of engineering education, teaching engineers to consider economic aspects and justify projects within budget constraints. 2. The course teaches personal financial skills like evaluating mortgage and college savings options that are useful for major life expenses. 3. Engineering economy involves applying mathematical models to compare economic alternatives and aid decision making when multiple options are available to accomplish a goal.

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Ahmad Sofuan Dwi Saputra
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© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
33 views

Week 1 - Is This Course Important (2014)

This document discusses the importance and objectives of an engineering economy course. It provides three key reasons for the course's importance: 1. Engineering is a well-paid profession and this course is an important part of engineering education, teaching engineers to consider economic aspects and justify projects within budget constraints. 2. The course teaches personal financial skills like evaluating mortgage and college savings options that are useful for major life expenses. 3. Engineering economy involves applying mathematical models to compare economic alternatives and aid decision making when multiple options are available to accomplish a goal.

Uploaded by

Ahmad Sofuan Dwi Saputra
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Is This Course

Important
to You?

Why is This Course


Important to You?

https://www.youtube.com/watch?v=PETPLXuuoIQ

#1

is one of
the better paid
professions
Engineering

#2
An important part of your education
Engineers must be concerned with the economic aspects
of designs and projects they recommend and perform.

Engineers must work within the realm of economics and


justification of engineering projects.

Work with limited funds (capital) ; Capital is not

unlimited rationed ; Capital does not belong to the firm.

#3
Personal reasons
saving to buy a car (leasing versus buying, cash or loan,
cash or interest discount)

home (mortgage: points, interest, duration)


put children through college (options for saving money)
be prepared for retirement

ENGINEERING ECONOMY is involved with the


formulation, estimation, and evaluation of
economic outcomes when alternatives to
accomplish a defined purpose are available.

ENGINEERING ECONOMY is involved with the


applications of defined mathematical
relationships that aid in the comparison of
economic alternatives

Blank & Tarquin: 5th Edition Ch. 1 Authored by: Dr. Don Smith, Texas A&M University.

Learning Objectives
Students are expected to be able to apply the techniques
of engineering economy.

Students should also be able working in a team, finding


information from variety of sources, communicating
effectively, and generating alternative ideas and
solutions.

Text Books
Leland Blank-Anthony Tarquin ; Engineering Economy ;
5th edition; McGraw Hill. 2002

Sullivan, W., Bontadelli, J. And Wicks, E., Engineering

Economy, 11th ed., Prentice Hall Inc., New Jersey, 2000

Newman, Donald G., Engineering Economic Analysis,


Engineering Press, Inc., San Jose, 1988

Method
Active Learning
Part of Enhancement process skills in PEER Science
Project
Process skill:
Tacit Knowledge
Successive approximation and optimum sloppiness

Why Active Learning ?

Why Active Learning ?

Schedule
Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Week 7

: Introduction
: Workshop
: Time Value of Money
: Interest Rates
: PW & AW Analysis
: RoR Analysis
: Class Discussion

Evaluation
Group Task : 30%
: 10%
Quiz
: 30%
Mid-Test
Final Test : 30%

Other information
Tolerance Delay
Grouping
Assistant
Chairman of the Class

QUIZ #1
Anda akan mendapat hibah dari ayah, dengan memilih satu
di antara 2 pilihan berikut:
mendapat $1,000 saat ini, atau
mendapat $1,500 tiga tahun dari sekarang.
Pilihan yang mana yang akan Anda pilih?
Jelaskan alasan Anda mengambil keputusan tersebut!

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