Course syllabus

010623614-63 เศรษฐศาสตร์วิศวกรรม (Engineering Economy)

Course Syllabus

Data entry : Asst.Prof.Somkwon Watanakitpiboon
1. Course number and name

010623614-63 เศรษฐศาสตร์วิศวกรรม (Engineering Economy)

2. Credits and contact hours

3(3-0-6)

3. Instructor’s or course coordinator’s name

Asst.Prof.Somkwon Watanakitpiboon

4. Text book, title, author, and year

  1. Asso. Prof. วันชัย แหลมหลักสกุล, Engineering Economy, King Mongkut's University of Technology North Bangkok, ISBN 978-616-7701-67-7.

5. Specific course information

  1. brief description of the content of the course (catalog description)
    Principles and application approach of time-varying values of money and interest, decision to select a proposal under different conditions, selection of project by present worth analysis, annual worth analysis, and internal rate of return analysis, calculation of depreciation, replacement analysis, break-even point analysis, applications of engineering economy for materials engineering.
  2. prerequisites or co-requisites
  3. indicate whether a required, elective, or selected elective (as per Table 5-1) course in the program
    Elective : A selected elective course in the Materials 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.)
  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-1.3 Solve and evaluate problem solutions by applying principles of engineering, science, and mathematics.

7. Brief list of topics to be covered
Week Topic Details Activities
01 Introduction to Engineering Economy
02 Cash Flow Diagram
03 Time-varying value of money and interest
04 Present Worth Analysis
05 Future Worth Analysis
06 Annual Equivalence Analysis
07 Payback periods
08 Pre. Exam.
09 Rate of Return Analysis
10 Benefit - Cost Ratio Analysis
11 Calculation of depreciation
12 Replacement analysis
13 Decision to select a proposal under different conditions
14 Applications of engineering economy
15 Assignment Activity
16 Final exam.
8. Course Assessment
Course assessment Weight score (%) Assessment tools Date
Formative 60 assignment, group discussion 22 Jun 2026 - 16 Oct 2026
Summative 40 final examination 24 Oct 2026

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