| Econ for Engrs & Scientists - 13646 - CE 2326 - 002 |
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Associated Term: Fall 2014
Levels: Undergraduate Main Campus Campus Lecture (LECT) Schedule Type Learning Objectives: II. Course Description This course covers the basics of economic analysis from an engineering perspective. Because cost is such an important component in decision-making, various techniques for comparing alternatives on an economic basis are presented. Other topics include depreciation, inflation considerations, and cost estimating. After completing the course, the student should be able to identify which alternative should be selected from two or more mutually exclusive alternatives on the basis of economic considerations. Required Materials: III. Textbook Information Required Text: Basics of Engineering Economy, 2nd Edition Authors: L.T. Blank and Tarquin Technical Requirements: IV. Organization and Method of Instruction The course will essentially be taught by the conventional lecture method. However, it can also be learned on a self-instructed basis at two different sites on the World Wide Web (see URLs below). The first site resides at McGraw Hill and contains condensed explanations of the chapter materials, FE Exam review questions, T/F questions, multiple choice questions, and spreadsheet examples, and links to various sites pertinent to economic analysis. The second site is the Instructor’s web site containing (1) Power point presentations with even more condensed form than the written materials; (2) Practice Problems; and (3) Grades The web site addresses are as follows: Web Site Addresses: 1. http://highered.mcgraw-hill.com/sites/0072432349/ 2.www.douglasrittmann.com/ Click on educational training link. Go to bottom of page for power points and grades. V. Class and Test Schedule The exams will cover more than one chapter as shown in the class schedule. The instructor can drop students who miss an excessive amount of classes or exams and are determined to have a lack of interest and likely will fail the course. VI. Cheating Policy All graded exams are copied prior to return to the students. Students who cheat will be reported to the administration for disciplinary action that could include expulsion from School. VII. Method of Evaluation The final course grade will be determined from the grades on the hour exams and the final exam grade. The exams covering specified chapters will be given as shown on the attached schedule. The overall course average will be based on 1). the hour exams average times 50% plus 2). the final exam grade times 50%. The lowest grade on the four hour exams will be dropped and then re-averaged for 50% of the total grade. Therefore, no makeup exams will be given for a missed hour exam which will count as the dropped hour exam. NO EXTRA CREDIT PROJECTS ARE GIVEN TO STUDENTS TO RAISE THEIR COURSE AVERAGE. THERE IS NO PARTIAL CREDIT GIVEN FOR ANSWERS TO QUESTIONS ON EXAMS. NO EXTRA CREDIT IS GIVEN FOR PERSONAL PROBLEMS, EFFORT, OR ATTENDANCE. The course grade will be derived from the student’s overall average in accordance with the ranges shown in Table 1 below. VIII. Instructor Objective and Grade Determination The instructor’s minimum objective is for the class average to be at least 70%. Only once in 14 years, the objective was not met with a class average of 68%. Table 1 – Grade Determination %Final Average Course Grade >=90 to 100------------------------------------------------------------------------------------------ A 80 to <90--------------------------------------------------------------------------------------------- B 70 to <80--------------------------------------------------------------------------------------------- C 60 to <70--------------------------------------------------------------------------------------------- D <60 --------------------------------------------------------------------------------------------------- F If you have a disability and need classroom accommodations, please contact The Center for Accommodations and Support Services (CASS) at 747-5148, or by email to cass@utep.edu, or visit their office located in UTEP Union East, Room 106. For additional information, please visit the CASS website at www.sa.utep.edu/cass. IX. Fall, 2014 Class Schedule Date Assignment Aug 26 Introduction Aug 28 Chapter 1- Foundations of Engineering Economy Sept 2 Chapter 2. Factors: How Time and Interest Affect Money Sept 4 Chapter 3- Combining Factors Sept 9 Practice Exam 1A Problems and answers Sept 11 Practice Exam 1B Problems and answers Sept 16 Exam 1 and posting of grades and answers Sept 18 Chapter 4 – Nominal & Effective Interest Rates Sept 23 Chapter 5 – Present Worth Sept 25 Chapter 6 - Annual Worth Sept 30 Chapter 7 - Rate of Return Analysis: Single Alternatives Oct 2 Practice Exam 2A and answers Oct 7 Practice Exam 2B and answers Oct 9 Exam 2 and posting of grades and answers Oct 14 Chapter 8 – Rate of Return Analysis: Multiple Alternatives Oct 16 Chapter 9 – Benefit/Cost Analysis and Public Sector Economies Oct 21 Chapter 11- Replacement and Retention Decisions Oct 23 Practice Exam 3A Problems and answers Oct 28 Practice Exam 3B Problems and answers Oct 30 Exam 3 and posting of grades and answers Nov 4 Chapter 13 – 14 Breakeven Analysis & Effect Of Inflation Nov 6 Chapter 15 & 16 Cost Estimation & Depreciation Nov 11 Practice Exam 4A Problems and answers Nov 13 Practice Exam 4B and answers Nov18 Exam 4 and posting of grades and answers Nov 20 Practice Final Exam Part 1 and answers Nov 25 Practice Final Exam Part 2 and answers Nov 27 Thanksgiving Holiday – No Class Dec 2 Practice Final Exam Part 3 and answers Dec 4 Practice Final Exam Part 4 and answers Dec 11 Final Exam at classroom at 1:00 pm – 3:45 pm *Class schedule is tentative and it is subject to change by the instructor on short notice. It is the student’s responsibility to attend classes in order to receive timely notification of any changes to schedule. View Catalog Entry
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