BEE01a - Engineering Economics 2020-2021 - New Curriculum - Rev.2

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SOUTHERN LUZON STATE UNIVERSITY

COLLEGE OF ENGINEERING
Lucban, Quezon

VISION STATEMENT: Southern Luzon State University as an excellent


academic Hub in its curricular programs, transdisciplinary researches, and
responsive extension services.
MISSION STATEMENT: The University commits to develop a sustained
culture of delivering quality service and undertaking continuous innovations in
instruction, research and extension in its relevant curricular programs
supportive of national and global developmental goals.

GOALS
1. Center of teaching excellence. (Instruction)
2. Premier research university that generates S&T-based innovations. (Research
and Production)
3. Training institution that promotes gender-responsive climate-resilient and
community-driven development for all. (Extension Services)
4. Wider platform for student and personnel development. (Personnel
Development (STO) and Student Support).
5. Facilities that supports student learning enhancement and personnel’s healthy
working environment. (Facilities and Infrastructure)
6. Strengthened local and international academe-industry and alumni linkages.
(Linkages and Internationalization)
7. Resource generation and management. (Income generation, properties/assets
management)

GOALS AND
PROGRAM EDUCATIONAL OBJECTIVES OBJECTIVES
1 2 3
1. To ensure that the graduates have highest professional
integrity, ethical responsibility, and educational standards ✓ ✓ ✓
responsive to global challenges.
2. To ensure that the graduates be able to identify, formulate
and solve a wide range of mechanical engineering problems ✓ ✓ ✓
using modern facilities and techniques.
3. To develop in graduates the awareness of existing
environmental problems and apply their technical knowledge
✓ ✓ ✓
by providing solution and by incorporating in the design of
various equipment that will benefit the environment.
4. To develop students in techno-preneurship skills by
✓ ✓ ✓
combining technology and management skills.

Course Title: Date Effective: Date Revised: Prepared by: Checked by: Approved by:
BEE01a
Page 1 of 4
Engineering Economics AY: 2020-2021 August 2020 D. B. Bueque J. E. Tan R. R. Maaliw III

AA-INS-1.02F3.Rev.01
COURSE SYLLABUS

1. Course Code: BEE01a

2. Course Title: Engineering Economics

3. Pre-requisite:

4. Credit/Class Schedule: 3 units Lecture/3hours Lecture

5. Course Description: This course deals with the study of concepts of the
time value of money and equivalence; basic economic study methods;
decisions under uncertainty; decisions recognizing risk; and decisions admitting
uncertainty.

6. Program Outcomes and Relationship to Program Educational Objectives:

Program
Programs Outcomes Educational
Objectives

1 2 3 4

(a) apply knowledge of mathematics and science to solve mechanical ✓ ✓ ✓ ✓


engineering problems

(b) design and conduct experiments, as well as to analyze and interpret ✓ ✓ ✓ ✓


data.

(c) design a system, component, or process to meet desired needs ✓ ✓ ✓ ✓


within realistic constraints, in accordance with standards

(d) Function in multidisciplinary and multi-cultural teams ✓ ✓ ✓ ✓

(e) identify, formulate, and solve complex mechanical engineering ✓ ✓ ✓ ✓


problems

(f) understand professional and ethical responsibility ✓ ✓ ✓ ✓

(g) communicate effectively ✓ ✓ ✓ ✓

(h) understand the impact of mechanical engineering solutions in a ✓ ✓ ✓ ✓


global, economic, environmental, and societal context.

(i) recognize the need for, and engage in life-long learning ✓ ✓ ✓ ✓

(j) know contemporary issues ✓ ✓ ✓ ✓

(k) use techniques, skills, and modern engineering tools necessary for ✓ ✓ ✓ ✓
mechanical engineering practice

(l) know and understand engineering and management principles as a


✓ ✓ ✓ ✓
member and leader of a team, and to manage projects in a
multidisciplinary environment

Course Title: Date Effective: Date Revised: Prepared by: Checked by: Approved by:
BEE01a
Page 2 of 4
Engineering Economics AY: 2020-2021 August 2020 D. B. Bueque J. E. Tan R. R. Maaliw III

AA-INS-1.02F3.Rev.01
7. Course Objectives and Relationship to Program Outcomes:

Course Outcomes Programs Outcomes


After completing the course, the student,
must be able to: a b c d e f g h i j k l
1. Solve problems involving interest and the
time value of money; E E
2. Evaluate project alternatives by applying
engineering economic principles and E E
methods and select the most
economically efficient one; and
3. Deal with risk and uncertainty in project
outcomes by applying the basic E E
economic decision making concepts.
E – Enabling Course (a course that strengthens the outcome)

8. Learning Plan
WEEK TOPIC
1. Orientation
1-1. Overview of the Subject
1 1-2. Subject Requirements
1-3. Classroom Policies
1-4. Environmental Awareness
2. Introduction
2.1. Definitions
2.2. Principles of Engineering Economics
2.3. Engineering Economics and the Design Process
2.4. Cost Concepts for Decision Making
2 to 6
2.5. Present Economic Studies
3. Money-Time Relationships and Equivalence
3.1. Interest and the Time Value of Money
3.2. The Concept of Equivalence
3.3. Cash Flows
4. Economic Study Methods
4.1. The Minimum Attractive Rate of Return
4.2. Basic Economic Study Methods; Present Worth, Future Worth, Annual
Worth, Internal rate of Return, External Rate of Return
4.3. Other Methods: Discounted Payback Period, Benefit/Cost Ratio
7 to 12 5. Decisions Under Certainty
5.1. Evaluation of Mutually Exclusive Alternatives
5.2. Evaluation of Independent Projects
5.3. Effects of Inflation
5.4. Depreciation and After-Tax Economic Analysis
5.5. Replacement Studies
6. Decision Recognizing Risk
6.1. Expected Monetary Value of Alternatives
6.2. Discounted Decision Tree Analysis
13 to 18
7. Decisions Admitting Uncertainty
7.1. Sensitivity Analysis
7.2. Decision Analysis Models

9. Required Reading (Textbook):


a. Engineering Economy 3rd Edition, by Hipolito B. Sta. Maria
b. Basic of Engineering Economy 2nd Edition, by Leland Blank, P.E., et al.
c. Contemporary Engineering Economics 3rd edition, by Chan S. Park
d. Engineering Economy 12th Edition, by William G. Sullivan, et al.
e. Engineering Economics Worktext, 2014 Engr. Maria Rosanna D. de
Leon

Course Title: Date Effective: Date Revised: Prepared by: Checked by: Approved by:
BEE01a
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Engineering Economics AY: 2020-2021 August 2020 D. B. Bueque J. E. Tan R. R. Maaliw III

AA-INS-1.02F3.Rev.01
10. Course Requirements: Submission of Assignments and Seatworks, Quizzes
and Exams.

11. Grading System:


The minimum requirement for a passing grade is 60% of the total scores
from the following:
Attendance = 10%
Assignment/Seatwork/Recitation = 20%
Quizzes = 30%
Major Exam = 40%
100%

Aside from academic deficiency, other grounds for a failing grade are:
• Grave misconduct or cheating during examinations.
• Unexcused absences of more than 20% of required number of
meetings per term.
• A failing academic standing

12. Classroom Policies:


a. Respect self, others and learning environment
b. Utilize time efficiency and stay on task.
c. Learn and be open to new learning
d. Have proper manners
e. Do not litter on classrooms.

Course Title: Date Effective: Date Revised: Prepared by: Checked by: Approved by:
BEE01a
Page 4 of 4
Engineering Economics AY: 2020-2021 August 2020 D. B. Bueque J. E. Tan R. R. Maaliw III

AA-INS-1.02F3.Rev.01

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