Republic of the Philippines
RIZAL TECHNOLOGICAL UNIVERSITY
Cities of Mandaluyong and Pasig
COLLEGE OF ENGINEERING, ARCHITECHTURE AND TECHNOLOGY
COURSE SYLLABUS
VISION I. COURSE BACKGROUND
A leading technology-driven university responsive to the developmental Program Bachelor of Science in CE,CpE,EE,ECE,IE,ICE,ME
needs of changing societies.
MISSION Course Title Engineering Economics
To develop globally competitive and socially responsible professionals Course Code EECO Course Credit 3.0 Units
through technology-driven instructions, innovative researches, sustainable 3 lecture hours per week (regular semester)
Contact Hours
extension programs that will enhance the lives of people in the communities. 4.5 lecture hours per week (compressed semester)
Pre-requisite Second Year Standing
COLLEGE GOAL & OBJECTIVES
Provide opportunities for qualified student to become professional engineers and Co-requisite None
technicians of the country. Specifically, the engineering programs are designed
to: Semester First Academic Year 2020-2021
Created August, 2020 Updated
• Acquire full understanding of the scientific principle and knowledge of Instructor/
Engr. Mario M. Barrera, PIE
Professor
the particular field;
Department Industrial Engineering
• Develop a high level of competence in its engineering methods and II. COURSE DESCRIPTION
applications;
Concepts of the time value of money and equivalence; basic economy study
• Communicate effectively and succinctly important result of any
methods; decisions under certainty; decisions recognizing risks; and decisions
technical study both verbally and technically; admitting uncertainty
• Nurture the desire of continuing professional growth and explore new
horizons in technology; and,
• Imbue the graduates with socially and morally sound motivations and
principles to live by.
Page 1 of 5
III. COURSE OUTCOMES a b c d e f g h i j k l m
After completing this course, the student must be able to:
1. Solve problems involving interest and the time value of money
I
2. Evaluate project alternatives by applying engineering economic principles E
And methods and select the most economically efficient one; and E E
3. Deal with risk and uncertainty in project outcomes by applying the basic
D
economic decision making concepts
IV. LEARNING PLAN
Distance Learning-Based Teaching-
Sessio Learning Activities, Educational
Distance Learning-Based Output/
n/ Learning Outcomes Content/Topic Technology, and Instructional Materials
Week Assessment Tasks and Tools Requirement
CO1 Formal Presentation 1. Introduction A one and a half hours per week will be Solved
LO1: Discussion (synchronous or 1.1. Definitions devoted to synchronous Practice
Student must be able to asynchronous) depending on the 1.2. Principles of Engineering presentation/discussion to be followed by Problems
define engineering students’ resources. Economics problem illustration and problem solving. The
economy and its 1.3. Engineering Economics only requirement would be a reliable internet Examination
importance in the Decision as to how the class would and the Design Process connection, paper and pen and the desire to
decision-making progress will be made on the first 1.4. Cost Concepts for Decision learn.
process as well as meeting day after formalizing a Making
understanding basic consensus between faculty and 1.5. Present Economic Studies
cost concepts students. In most of the sessions, students would be
made to go over some required reading
1, 2
materials to compensate for topics that may
not necessarily be covered in the synchronous
discussion.
Assignment in the form of practice problems
will be given on a per week basis. Students are
expected to work on these given the
remaining three hours allotted for the subject.
One week is given for each of the assignments
before submission.
CO1 2. Money-Time Relationships and Same as above Solved
3,4 LO2 Equivalence Practice
Problems
Page 2 of 5
Student must be able to 2.1.1. Interests and the
comprehend the time Time Value of Money Examination
value of money and the 2.1.2. The Concept of
effect of the same in Equivalence
computing equivalent 2.1.3. Cash Flows
amounts in the future
CO2 3. Economic Study Methods Same as above Solved
LO1 3.1. The Minimum Attractive Practice
Student comprehends Rate of Return (MARR) Problems
the different methods 3.2. Basic Economic Study
for analyzing investment Methods: Present Worth Examination
projects coming up with (PW); Future Worth(FW);
the best possible Annual Worth (AW);
5,6 decision of whether to Internal Rate of Return
accept or reject (IRR); External Rate of
proposal Return (ROR);
3.3. Other Methods:
Discounted Payback
Period; Benefit/Cost Ratio
Analysis
CO3 MID-TERM EXAMINATION Same as above Solved
LO1 Practice
Student makes decision 4. Decisions Under Certainty Problems
taking into 4.1. Evaluation of Mutually
consideration restraints Exclusive Alternatives
7,8 associated with different 4.2. Evaluation of Independent
types of projects or Projects
engineering proposals 4.3. Effects of Inflation
4.4. Depreciation and After-Tax
Economic Analysis
4.5. Replacement Studies
LO2 5. Decisions Recognizing Risk Same as above Solved
Student must be able to 5.1. Expected Monetary Value Practice
identify risks associated of Alternatives Problems
with each of the 5.2. Discounted Decision Tree
9,10
proposed projects and Analysis
ventures and makes use
of expected value
before making decision
LO3 6. Decisions Admitting Uncertainty Same as above Solved
Student makes decision 6.1. Sensitivity Analysis Practice
11,12 recognizing 6.2. Decision Analysis Models Concluding activity
uncertainties inherent in
each of the proposed FINAL EXAMINATION
Page 3 of 5
projects and if at all
possible, conduct
sensitivity analysis to
answer the questions of
“what if”
V. COURSE REQUIREMENTS/OUTPUT VI. GRADING SYSTEM (may apply institutional/college grading system)
Major Examination 35%
Quizzes 25%
At the conclusion of semester, a compilation of solved problems taken from
Class Practice 20%
different books and other sources may be expected from the students.
Project 10%
Depending on the reception and performance of the class, other
Deportment 10%
requirement(s) that may be deemed necessary by the faculty must be
Total: 100%
complied with.
Subject to change(s)
Weights given to each of the factors may vary based on the agreement to be
made on the first meeting day.
VII. REFERENCES and OPEN EDUCATIONAL RESOURCES (OER)
Blank, L., & Tarquin, A. (2014). Basics of Engineering Economy (2nd ed.). New Other Suggested Readings:
York, NY: McGraw-Hill.
Cost Concepts and other terminologies necessary in understanding some
Newman, D. G., Lavelle, J. P., & Eschenbach, T. (2004). Engineering economic topics which may include but not limited to monopoly, oligopoly, monopsony and
analysis (9th ed.). New York: Oxford University Press. others.
Park, C. S., Kumar, P., & Kumar, N. (2013). Fundamentals of engineering
economics. Hawlow: Pearson Education.
Sepúlveda, J. A. (1984). Schaum's outline of theory and problems of
engineering economics. New York: McGraw-Hill.
Sta. Maria, H. (n.d.). Engineering Economy (3rd ed.). Manila.
Sullivan, W. G., Wicks, E. M., & Koelling, C. (2015). Engineering Economy (16th
ed). Upper Saddle River, N.J.: Pearson.
VIII. DISTANCE LEARNING POLICIES
1. Student is expected to dress appropriately (upper attire must be with sleeves) during synchronous sessions.
2. Students are to exercise prudence, honesty and integrity even in the virtual environment
Page 4 of 5
IX. CONSULTATION SCHEDULE
Day Monday Tuesday Wednesday Thursday Friday
Hour 4:30 – 6:00 4:30 – 6:00
X. COURSE COMMITTEE
Prepared:
Helen L. Mendoza, PIE Engr. Ma. Victoria B. Lazaro Engr. Mario M. Barrera INSTRUCTOR
Checked: Recommending Approval: Approved:
Helen L. Mendoza, PIE DR. HELEN L. MENDOZA, PIE Dr. NOEL HUGO BINAG
Chair, CCRC PROGRAM CHAIR/DEPARTMENT HEAD Dean, CEAT
Program Chair/Department Head
Page 5 of 5
