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SYLLABUS
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1Course NameEngineering Economy
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Course CodeBNJ 30902
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2SynopsisEngineering economy consists of: Introduction to Engineering Economics, fundamental cost concepts, cost estimation techniques, time value of money, project evaluation with the benefit-cost ratio method, risk analysis and project financing and allocations.
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3Name(s) of Academic StaffMohd Hakimi Bin Zohari
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4Semester and Session OfferedSemester1Year3
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5Credit Value2Lecture (hour/week)2
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Tutorial (hour/week)0
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Laboratory (hour/week)0
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Others (hour/week)0
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6Preirequisite (if any)None
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7Course Learning Outcome(s) : At the end of this course the student will be able to:
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CLO 1Apply the economics concepts and techniques in engineering context. (LOD1, PLO1, C3)
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CLO 2Perfom the task given of engineering economy problems. (LOD5, PLO5, P3)
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CLO 3Demonstrate professional ethics and accountability in completing an assigned activities related on engineering economy. (LOD12, PLO11, A3)
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8Mapping of the course/module to the Programme Learning Outcome
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Course Learning Outcomes (CLOs)Programme Learning Outcomes
(PLO)
Teaching MethodsAssessmentKPI
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PLO1
PLO2
PLO3
PLO4
PLO5
PLO6
PLO7
PLO8
PLO9
PLO10
PLO11
PLO12
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CLO 1/LectureQuiz / Test / Final Examination50% student achieved marks 50% and above
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CLO 2/AssignmentReport
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CLO 3/Group ProjectProject Presentation
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*Indicate the primary causal link between the CLO and PLO by ticking (/) in the appropriate box.
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9Transferable Skills (if applicable)1Information Management and Lifelong Learning Skills
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(Skills learned in the course of study which can be useful and utilised in other settings)2Managerial and Entrepreneurial Skills
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10Content outline of the course/module and the student learning time (SLT) per topic
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Course ContentCLOTeaching and Learning ActivitiesTotal SLT
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Guided Learning
(F2F)
Guided Learning
(NF2F)
Independent
Learning (NF2F)
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LectureTutorialPracticalOthers
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1. CHAPTER 1 - INTRODUCTION TO ENGINEERING ECONOMYCLO 1, CLO 2, CLO 32000024
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1.1Introduction
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1.2Origins of Engineering Economy
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1.3Principles of Engineering Economy
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1.4Engineering Economy and the Design Process
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2. CHAPTER 2 - FUNDAMENTAL COST CONCEPTSCLO 1, CLO 2, CLO 360001613
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2.1Introduction
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2.2Cost Terminology
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2.3Fixed Cost, Variable Costs and Total Costs
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2.4Recurring and Nonrecurring Cost
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2.5Direct, Indirect and Standard Costs
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2.6Cash Cost versus Book Cost
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2.7Sunk Cost
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2.8Opportunity Cost
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2.9Life-Cycle Cost
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3. CHAPTER 3 - COST ESTIMATION TECHNIQUESCLO 1, CLO 2, CLO 34000048
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3.1Introduction
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3.2Selected Estimating Techniques (Model)
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3.3Parametric Cost Estimating Introduction
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4. CHAPTER 4 - TIME VALUE OF MONEYCLO 1, CLO 2, CLO 360002614
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4.1Introduction
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4.2Simple Interest
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4.3Compound Interest
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4.4The Concept Equivalence
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4.5Cash Flow-Diagram Table
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4.6Applications of Future and Present Value
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5. CHAPTER 5 - PROJECT EVALUATION METHODCLO 1, CLO 2, CLO 340002410
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5.1Introduction
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5.2Project Selection
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5.3The Benefit-Cost Ratio Method
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5.4Evaluating Independent Projects by B-C Ratios
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5.5Comparison of Mutually Exclusive Projects by B-C Ratios
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5.6Risk Analysis
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6. CHAPTER 6 - PROJECT FINANCINGCLO 1, CLO 2, CLO 360002816
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6.1Introduction
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6.2Types of Project Financing
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6.3Debt Financing
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6.4Equity Financing
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TOTAL2873065
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Continuous AssessmentCLOPercentage
(%)
F2FNF2FTotal SLT
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1Quiz15112
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2Assignment220112
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2Test120224
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2Group Project315123
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TOTAL605611
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Final AssessmentCLOPercentage
(%)
F2FNF2FTotal SLT
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1Final Examination140224
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TOTAL40224
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GRAND TOTAL SLT80
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*F2F = face to face, NF2F=Non Face to Face
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11Identify special requirement of resources to deliver the course (e.g., software, nursery, computer lab, simulation roomMicrosoft Word, Microsoft Excel
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12Main references supporting the course and Additional references supporting the course1Sullivan W.G, Wicks E.M. and Koelling C.P, (2015). Engineering Economy, 15th Edition, Upper Saddle River, New Jersey, Pearson. Call Number: TA 177.4 S94 2009
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2Blank, L.T., A. Tarquin (2012): Engineering Economy, Seventh Edition, International ed., McGraw-Hill
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3Blank, L.T., A. Tarquin (2014): Basics of Engineering Economy, International ed., McGraw-Hill, New York, Call Number TA 177.4 B524 2008