Engineering Economics

Course Details

Course Number: MENG 2133  Section Number: 101

Fall 2010

Location: McCoy Engineering Hall

Classroom Number: 207

Days & Times:

MWF 900 - 950 am

Course Attachments

Textbooks

Engineering Economy, Blank and Tarquin, 6th
Required textbook
  ISBN: 0073205346
MSU Faculty Member
Dr. Sheldon Wang   
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Course Objectives

The time value of economic resources such as cash flow diagrams, simple and compound interest, present worth, future worth, equal payment series, and the economic evaluation of engineering projects.

Given a relevant problem, students will create the appropriate cash flow diagram (Hw, Exam)

Given a relevant problem, students will be able to set up solution equations using factors for present worth, future worth, uniform series, and gradients (Hw, Exam)

Students will be able to differentiate between nominal and effective interest rates (Hw, Exam)

Given a relevant scenario, students will discuss and/or carry out an economic evaluation of a simple engineering project (Hw, Exam)

Topics Covered

  • Introduction, terminology, basic concepts
  • Factors, single payment, present worth, future worth
  • Combining factors
  • Nominal and effective interest rates
  • Alternatives
  • Rate of return

 More material may be covered as time permits.


Course Expectations

  MATH 1634


Grading Standards

Evaluation Method

Your performance will be tested regularly throughout the semester by homework assignments, tests, lab reports, and semester project.

  • Course Grade

The final grade for the course will be based on the average of the scores earned in the homework assignments, the average of two test scores, the scores earned in lab reports, and the score earned in the project. Homework contribute 10%, Test scores 30%, lab reports contribute 10%, and project contributes 30%, class participation, attitude, and class attendance contribute 20%, for a total of 100%.  The overall average score (X) for the course is determined as follows:

X = 0.10 x (average homework score) + 0.3 x (test average of two tests)+ 0.10 x (lab report score) + 0.30 x (project score) + 0.20 x (contests, class participation, attitude, and class attendance scores)

The final letter grade for the course is based on the value of X.


Final Exam12/6/2010  8:00-10:00

Submission Format Policy
  • Use engineering paper for all homework assignments and exams. Use a systematic approach to solve problems. If a problem involves drawing a graph, use Excel or any other graphic software tool to draw the graph. In engineering, neatness is a must, not a luxury. Be advised that you will be penalized for lack of neatness.


Note: You may not submit a paper for a grade in this class that already has been (or will be) submitted for a grade in another course, unless you obtain the explicit written permission of me and the other instructor involved in advance.

Late Paper Policy

 Homework

Homework will be assigned from a set of chosen chapters. It will be turned in each week, unless specified by the instructor. Homework must be turned in on the due date, at the beginning of class. 10% will be deducted for turning homework in late each day starting with the due date. Once the grace period is over, no homework will be accepted. Each student is responsible for submitting his own individual personal homework copy written in his own words. No dual or group homework copy is accepted unless specified by the instructor.

  • Projects

You are expected to work on one project throughout the semester with a partner. Several tasks will be assigned to each group. The project is dedicated to the study of an engineering technological issue. If for some acceptable reason you are unable to present and turn in the project, then you must inform the instructor in advance. The instructor will then decide whether you will be allowed extra time for the project, depending on the validity of your excuse. Reports must be turned in at the beginning of class. 10% will be deducted each day for turning the report in late starting with the due date.

  • Laboratory

Laboratory sessions are a fun introduction to engineering through the use of robots made out of Lego materials with motors, and sensors. Three periods will be used for this. Contests will be held. Lab reports must be turned in on the due date, at the beginning of class.10% will be deducted each day for turning the report in late starting with the due date. Once the grace period is over, no lab report will be accepted. THERE IS NO MAKE-UP for any lab session missed. Each group of students is responsible for submitting its own individual personal lab report copy written in its own words. 


Plagiarism Policy Plagiarism is the use of someone else's thoughts, words, ideas, or lines of argument in your own work without appropriate documentation (a parenthetical citation at the end and a listing in "Works Cited")-whether you use that material in a quote, paraphrase, or summary. It is a theft of intellectual property and will not be tolerated, whether intentional or not.

Student Honor Creed

As an MSU Student, I pledge not to lie, cheat, steal, or help anyone else do so."

As students at MSU, we recognize that any great society must be composed of empowered, responsible citizens. We also recognize universities play an important role in helping mold these responsible citizens. We believe students themselves play an important part in developing responsible citizenship by maintaining a community where integrity and honorable character are the norm, not the exception. Thus, We, the Students of Midwestern State University, resolve to uphold the honor of the University by affirming our commitment to complete academic honesty. We resolve not only to be honest but also to hold our peers accountable for complete honesty in all university matters. We consider it dishonest to ask for, give, or receive help in examinations or quizzes, to use any unauthorized material in examinations, or to present, as one's own, work or ideas which are not entirely one's own. We recognize that any instructor has the right to expect that all student work is honest, original work. We accept and acknowledge that responsibility for lying, cheating, stealing, plagiarism, and other forms of academic dishonesty fundamentally rests within each individual student. We expect of ourselves academic integrity, personal professionalism, and ethical character. We appreciate steps taken by University officials to protect the honor of the University against any who would disgrace the MSU student body by violating the spirit of this creed. Written and adopted by the 2002-2003 MSU Student Senate.

Students with Disabilities The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the Disability Support Services in Room 168 of the Clark Student Center, 397-4140.

Safe Zones Statement The professor considers this classroom to be a place where you will be treated with respect as a human being - regardless of gender, race, ethnicity, national origin, religious affiliation, sexual orientation, political beliefs, age, or ability. Additionally, diversity of thought is appreciated and encouraged, provided you can agree to disagree. It is the professor's expectation that ALL students consider the classroom a safe environment.

Contacting your Instructor All instructors in the Department have voicemail in their offices and MWSU e-mail addresses. Make sure you add your instructor's phone number and e-mail address to both email and cell phone lists of contacts.

Attendance Requirements

         Class and Labs Attendance

You are expected to attend class and labs and are responsible for notes, homework assignments, and projects missed while being absent.


Other Policies

GENERAL GUIDELINES

  • Plan on spending at least 3 hours outside of class to study the material and to work on homework assignments and lab reports. Another 3 hours to complete projects. Do not wait until the last day to start working on your homework, lab report, and project.
  • Read the course material before coming to class.
  • Utilize the office hours throughout the semester.
  • Use engineering paper for all homework assignments and exams. Use a systematic approach to solve problems. If a problem involves drawing a graph, use Excel or any other graphic software tool to draw the graph. In engineering, neatness is a must, not a luxury. Be advised that you will be penalized for lack of neatness.
  • Although you are strongly encouraged to study in group, you must work individually when you solve homework problems. You must have a partner(s). Partners have to present together a PowerPoint presentation for the project.

GENERAL EDUCATION STATEMENT

Students in this course must demonstrate their competency in oral and written communication through written homework assignments. They must also demonstrate their ability to use the English language.

 ACADEMIC INTEGRITY POLICY

Scholastic dishonesty will not be tolerated and will be prosecuted to the fullest extent. You are expected to have read and understood the current issue of the student handbook regarding student responsibilities & rights, and the intellectual property policy information about procedures and what constitutes acceptable on-campus behavior. Plagiarism will not be tolerated and will be heavily reprimanded.

DISABILITY SUPPORT SERVICES

Students registered with Disability Support Services should have a letter verifying their disability and the appropriate accommodations.

 DISCLAIMER STATEMENT

Information contained in this syllabus, other than grading, late assignments, grading, and attendance policies, may be subject to change with advance notice, as deemed appropriate by the instructor.


Writing Proficiency Requirement All students seeking a Bachelor's degree from Midwestern State University must satisfy a writing proficiency requirement once they've 1) passed English 1113 and English 1123 and 2) earned 60 hours. You may meet this requirement by passing either the Writing Proficiency Exam or English 2113. Please keep in mind that, once you've earned over 90 hours, you lose the opportunity to take the $25 exam and have no option but to enroll in the three-credit hour course. If you have any questions about the exam, visit the Writing Proficiency Office website at http://academics.mwsu.edu/wpr, or call 397-4131.