Course syllabus

010913430-65 เศรษฐศาสตร์วิศวกรรม (Engineering Economy)

Course Syllabus

Data entry : Asst.Prof. Dr.Chartchai Usadornsak
1. Course number and name

010913430-65 เศรษฐศาสตร์วิศวกรรม (Engineering Economy)

2. Credits and contact hours

3(3-0-6)

3. Instructor’s or course coordinator’s name

Asst.Prof. Dr.Chartchai Usadornsak

4. Text book, title, author, and year

  1. “Engineering Economy” by Sullivan, William G., Wicks, Elin M. and Koelling, C. Patrick., 2015.
  2. “Engineering Economy” by Chartchai U. and Pacharaporn N., 2017.

5. Specific course information

  1. brief description of the content of the course (catalog description)
    Methods of comparison; depreciation; evaluation of replacement; risk and uncertainty; estimating income tax consequences.
  2. prerequisites or co-requisites
  3. indicate whether a required, elective, or selected elective (as per Table 5-1) course in the program
    Required : A required course in the program in the Industrial Engineering Program.

6. Specific goals for the course

  1. specific outcomes of instruction (e.g. The student will be able to explain the significance of current research about a particular topic.)
    1. CLO1 • Able to understand the basic principles of engineering economy
    2. CLO2 • Able to choose project or machinery based on engineering economy
    3. CLO3 • Able to understand and apply various for calculating depreciation
    4. CLO4 • Able to analyze asset replacement and asset lifetimes economically
    5. CLO5 • Able to perform break-even analysis
  2. explicitly indicate which of the student outcomes listed in Criterion 3 or any other outcomes are addressed by the course.
    ABET Student Outcome (SO) Listed in Criterion 3 Performance indicator
    SO1 an ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics.
    • PI-1.1 Identify the problem and identify key issues/variables
    • PI-1.2 Formulate an appropriate model of a system or process
    • PI-1.3 Show solution procedure (or Solving methods)

7. Brief list of topics to be covered
Week Topic Details Activities
1-2 Future value and present value
3 Interest rates and compounding
4 Cash flow diagrams
5 Net present value (NPV)
6-7 Internal rate of return (IRR)
8-9 Incremental analysis
10-11 Methods of depreciation
12-13 Replacement analysis
14-15 Sensitivity analysis
8. Course Assessment
Course assessment Weight score (%) Assessment tools Date
Quiz and homework 40 quiz, assignment 23 Jun 2026 - 06 Oct 2026
Final exam. 60 final examination 28 Oct 2026
The grading table
Grading Rank
>= 80% A
73% - 79.99% B+
66% - 72.99% B
59% - 65.99% C+
52% - 58.99% C
46% - 51.99% D+
40% - 45.99% D
0% - 39.99% F

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