The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
Course Name: Engineering Economics
Course Code: IEN 351
I. Basic Course Information
Major or minor element of program civil:
Department offering the course: Mechanical
Academic level: Forth Year(senior1)
Semester in which course is offered : Spring
Course pre-requisite(s): None
Credit Hours: 2.0
Contact Hours Through:3.0
Lecture
2.0
Tutorial*
1.0
Practical*
0.0
Total
3.0
Approval date of course specification: Feb 2015
II. Overall Aims of Course
III.
Introduction to Economy: Basic Concepts, Varieties of Market Structure, The
Law of Supply And Demand, Elasticity, Different Types Of Economy,
Accounting Income And Cash Flow, The Objectives Of The Firms, Balance
sheet (BS). Introduction To Engineering Economy: Engineering Decision Making,
Break - Even Analysis, Payback Period Method, Payback Period Method. Time value
of money: Simple Interest Rate, Compound Interest Discreet cash flow and Economic
Equivalence, Equivalenting of the projects (: Present worth, Annual worth and
Capitalized Cost ), Nominal and effective Interest Rate. Rate – of Return ROR
Computations: Rate of Return calculation using A Present worth PW, Rate of Return
Calculation by Using Annual worth EAW, Rate of Rate of Return Evaluation for Multiple
Alternatives. Deprecication Models: Nature of Depreciation, Depreciation Conventional
Methods. Methods Based on Asset Usage, Switching Between Depreciation Models.
IV. Program ILOs covered by course
Program Intended Learning Outcomes (By Code)
Knowledge &
Intellectual Skills
Professional Skills
Understanding
K.14/K.20
I.2
P.2
General
Skills
G.f
1
The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
V. Intended Learning Outcomes of Course (ILOs)
a. Knowledge and Understanding
On completing the course, students should be able to:
K.14/K.20
b. Intellectual/Cognitive Skills
On completing the course, students should be able to:
I.2
c. Practical/Professional Skills
On completing the course, students should be able to:
P.2
d. General and Transferable Skills
On completing the course, students should be able to:
G.f
VI. Course Matrix Contents
Main Topics / Chapters
1-
234-
5678910-
Introduction to Economy:
Basic Concepts, Varieties of
Market Structure, The Law of
Supply And Demand
Elasticity, Different Types Of
Economy, Accounting
Income And Cash Flow
The Objectives Of The Firms,
Balance sheet (BS).
Introduction To Engineering
Economy: Engineering
Decision Making, Break - Even
Analysis
Payback Period Method,
Payback Period Method. Time
value of money: Simple Interest
Rate
Compound Interest Discreet
cash flow and Economic
Equivalence
Equivalenting of the projects (:
Present worth, Annual worth and
Capitalized Cost ),
Nominal and effective Interest
Rate
. Rate – of Return ROR
Computations: Rate of Return
calculation using A Present
worth PW
Rate of Return Calculation by
Using Annual worth EAW,
Duration
(Weeks)
Course ILOs Covered by Topic
(By ILO Code)
K&U
I.S.
P.S.
G.S.
1
K.14
I.2
P.2
G.f
1
K.20
I.2
P.2
G.f
1
K.14
I.2
P.2
G.f
1
K.20
I.2
P.2
G.f
1
K.14
I.2
P.2
G.f
1
K.20
I.2
P.2
G.f
1
K.14
I.2
P.2
G.f
1
K.20
I.2
P.2
G.f
1
K.14
I.2
P.2
G.f
1
K.20
I.2
P.2
G.f
2
The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
Rate of Return Calculation by
11- Using Annual worth EAW,
1
K.14
I.2
P.2
G.f
1
K.20
I.2
P.2
G.f
1
K.14
I.2
P.2
G.f
1
K.20
I.2
P.2
G.f
Rate of Rate of Return
12- Evaluation for Multiple
1314-
Alternatives.
Deprecication Models: Nature of
Depreciation
Methods Based on Asset
Usage, Switching Between
Depreciation Models
Net Teaching Weeks
14
VII. Course Weekly Detailed Topics / hours / ILOs
Week
No.
1
2
3
4
5
6
Introduction to Economy: Basic Concepts,
Varieties of Market Structure, The Law of
Supply And Demand
Elasticity, Different Types Of Economy,
Accounting Income And Cash Flow
The Objectives Of The Firms, Balance
sheet (BS).
Introduction To Engineering Economy:
Engineering Decision Making, Break - Even
Analysis
Payback Period Method, Payback Period
Method. Time value of money: Simple Interest
Rate
Compound Interest Discreet cash flow and
Economic Equivalence
7
8
9
10
11
12
13
14
15
Total
Hours
Sub-Topics
Contact Hours
Theoretical
Practical
Hours
Hours*
2
2
3
2
1
3
2
1
3
2
1
3
2
1
3
2
1
3
2
1
3
2
1
3
2
1
3
2
1
3
2
1
3
2
1
3
2
1
38
26
12
Midterm Exam
Equivalenting of the projects (: Present worth,
Annual worth and Capitalized Cost ),
Nominal and effective Interest Rate
. Rate – of Return ROR Computations: Rate of
Return calculation using A Present worth PW
Rate of Return Calculation by Using Annual
worth EAW,
Rate of Return Calculation by Using Annual
worth EAW,
Rate of Rate of Return Evaluation for Multiple
Alternatives.
Deprecication Models: Nature of Depreciation
Final Exam
Total Teaching Hours
3
The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
Selected
Method
VIII. Teaching and Learning Methods
Teaching/Learning
Method
Lectures & Seminars
Tutorials
Computer lab Sessions
Practical lab Work
Reading Materials
Web-site Searches
Research & Reporting
Problem Solving /
Problem-based Learning
Projects
Independent Work
Group Work
Case Studies
Presentations
Simulation Analysis
Others (Specify):
1
1
Course ILOs Covered by Method (By ILO Code)
K&U
K.14/K.20
K.14
Intellectual
Skills
I.2
I.2
Professional
Skills
P.2
P.2
Selected
Method
IX. Assessment Methods, Schedule and Grade Distribution
Course ILOs Covered by Method
(By ILO Code)
Assessment
Method
K&U
I.S.
P.S.
G.S.
Midterm Exam
Final Exam
Quizzes
Course Work
Report Writing
Case Study
Analysis
Oral
Presentations
Practical
Group Project
Individual
Project
7
15
1
K.14
K.14/K.20
K.14/K.20
I.2
I.2
I.2
P.2
P.2
P.2
Assessment
Weight /
Percentage
General
Skills
All
G.f
Week
No.
G.f
G.f
G.f
Others (Specify):
X. List of References
4
The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
Essential Text Books

Course notes

Recommended books 
Periodicals, Web sites, 
etc …
Leland Blank & Anthony Tarquin, Basics of Engineering Economy,
McGraw – Hill, 2008
Lectures
XI. Facilities required for teaching and learning
List the facilities required
 White Board
Course coordinator:Dr. Nabil Shams
Head of Department: Dr .Tamer Elgohary
Date: Feb 2015
5