Republic of the Philippines
NUEVA VIZCAYA STATE UNIVERSITY
Bambang, Nueva Vizcaya
COURSE SYLLABUS
CS No.: ENG’G4-1S-2021-2022
COLLEGE OF ENGINEERING
Bachelor of Science in
Mechanical Engineering
OUTCOMES-BASED SYLLABUS in
Engineering Economics
First Semester, SY 2021-2022
Course Number: ENG’G4 Course Credit: 3 units (3 Lec./0 Lab.)
Course Title: Engineering Economics Weekly Contact hours: 3 hours
Prerequisite: None
UNIVERSITY VISION
A premier university in a global community
UNIVERSITY MISSION
To develop an empowered, productive, and morally upright citizenry through high quality,
innovative, and relevant instruction, research, extension, and entrepreneurship programs
adhering to international standards.
.
GOAL: ADVANCED EDUCATION AND HIGHER EDUCATION
To adapt and address itself as a functional learning center for innovative programs as a model
institution
and enabling its graduates to be empowered and globally competitive through the provision of
undergraduate & graduate education which meet international standards of quality & excellence
CORE VALUES
A - Academic Excellence - Delivery of high quality, innovative, and relevant
instruction and acquisition of globally competitive
skills.
C - Cultural Diversity - Equitable access to education for students/clients of
diverse ethnic identities and sustained commitment to
nourish indigenous cultures.
T - Technological - Continuing innovations for enhancing resource
Advancement utilization and management towards improved and
harmonious living conditions.
S - Social Responsibility - Initiatives and priorities in contributing global
expertise to create positive impact on the University’s
service areas to attain the highest standards of
organizational citizenship.
1
Property of the NVSU College of Engineering. Not to be reproduced or shared without written
permission from the Dean.
NVSU-FR-ICD-02 (080519)
Republic of the Philippines
NUEVA VIZCAYA STATE UNIVERSITY
Bambang, Nueva Vizcaya
COURSE SYLLABUS
CS No.: ENG’G4-1S-2021-2022
I. COURSE This course deals with the study of concepts of the time value of
DESCRIPTION: money and equivalence; basic economic study methods;
decisions under certainty; decisions recognizing risk; and
decisions admitting uncertainty.
II. PROGRAM By the time of graduation, the students of the program shall have
OUTCOMES: the ability to:
PO 1. Apply knowledge of mathematics and science to solve
complex mechanical engineering problems.
PO 2. Design and conducts experiment as well as to analyze
and interpret data.
PO 3. Design a system component, or process to meet
desired needs within realistic constraints, in
accordance with standards.
PO 4. Function in multidisciplinary and multi-cultural teams.
PO 5. Identify, formulate and solve complex mechanical
engineering problems.
PO 6. Understand professional and ethical responsibility.
PO 7. Communicate effectively.
PO 8 Understand the impact of mechanical engineering
solutions in a global, economic, environmental, and
societal context.
PO 9. Recognize the need for and engage in life-long
learning.
PO 10. Know contemporary issues.
PO 11. Use techniques, skills, and modern engineering tools
necessary for mechanical engineering practice.
PO 12. Know and understand engineering and management
principles as a member and leader of a team, and to
manage projects in a multidisciplinary environment.
III. COURSE After completing this course, the student must be able to:
OUTCOMES:
CO 1. Solve problems involving interest and the time value of
money.
CO 2. Evaluate project alternatives by applying engineering
economic principles and methods and select the most
economically efficient one.
CO 3. Deal with risk and uncertainty in project outcomes by
applying the basic economic decision-making
concepts.
2
Property of the NVSU College of Engineering. Not to be reproduced or shared without written
permission from the Dean.
NVSU-FR-ICD-02 (080519)
Republic of the Philippines
NUEVA VIZCAYA STATE UNIVERSITY
Bambang, Nueva Vizcaya
COURSE SYLLABUS
CS No.: ENG’G4-1S-2021-2022
IV. COURSE OUTLINE AND TIME FRAME
Timeframe Course Content/Subject Matter
Orientation
1. Vision, mission, goals and objectives and core values of the
university.
Week 1 2. Grading System
3. University Policies
4. Course Outline
5. Course Requirements
I. Introduction to Engineering Economy
1. Definitions
Week 2-3 2. Principles of Engineering Economics
3. Engineering Economics and the Design Process
4. Cost Concepts for Decision Making
5. Present Economic Studies
II. Money-Time Relationships and Equivalence
Week 4- 5 1. Interest and Time Value of Money
2. The Concept of Equivalence
3. Cash Flows
III. Economic Study Methods
1. The Minimum Attractive Rate of Return
Week 6 - 8 2. Basic Economic Study Methods: Present Worth, Future Worth,
Annual Worth, Internal Rate of Return, External Rate of Return
3. Other Methods: Discounted Payback Period, Benefit/Cost Ratio
Week 9 Midterm Examination
IV. Decisions Under Certainty
1. Evaluation of Mutually Exclusive Alternatives
2. Evaluation of Independent Projects
Week 10 -12 3. Effects of Inflation
4. Depreciation and After-Tax Economic Analysis
5. Replacement Studies
V. Decisions Recognizing Risk
Week 13 -15
1. Expected Monetary Value of Alternatives
2. Discounted Decision Tree Analysis
VI. Decisions Admitting Uncertainty
Week 15 -17
1. Sensitivity Analysis
2. Decision Analysis Models
Week 18 Final Examination
3
Property of the NVSU College of Engineering. Not to be reproduced or shared without written
permission from the Dean.
NVSU-FR-ICD-02 (080519)
Republic of the Philippines
NUEVA VIZCAYA STATE UNIVERSITY
Bambang, Nueva Vizcaya
COURSE SYLLABUS
CS No.: ENG’G4-1S-2021-2022
VI. COURSE REQUIREMENTS AND GRADING SYSTEMS
Requirements Points Weight
(%)
Mid Term 40
Mid-Term Examination 100 40
Class Standing 60
• Recitation/Class Participation and Quizzes
20
• Assignments
10
• Group Outputs/Project 30
Final Term 60
Final Examination 100 40
Class Standing 60
• Recitation/Class Participation and Quizzes
20
• Assignment
10
• Group Outputs/Project 30
Raw Score Grade Equivalent Descriptive Equivalent
60%
100 1.00 Outstanding
95 – 99 1.25 Outstanding
90 – 94 1.50 Very Satisfactory
85 – 89 1.75 Very Satisfactory
80 – 84 2.00 Very Satisfactory
75 – 79 2.25 Satisfactory
70 – 74 2.50 Satisfactory
65 – 69 2.75 Satisfactory
60 – 64 3.00 Fair
55 – 59 4.00 Conditional
Below 55 5.00 Failed
INC Incomplete
DRP Officially Dropped without Credit
UD Unofficially Dropped with a grade of 5.00
4
Property of the NVSU College of Engineering. Not to be reproduced or shared without written
permission from the Dean.
NVSU-FR-ICD-02 (080519)
Republic of the Philippines
NUEVA VIZCAYA STATE UNIVERSITY
Bambang, Nueva Vizcaya
COURSE SYLLABUS
CS No.: ENG’G4-1S-2021-2022
XIII. REFERENCES
A) Book/Printed Resources
Cabanayan, L.M. & Cuaresma, F.D. (2012). Engineering Economy. Department of
Engineering Sciences, College of Engineering, Central Luzon State University.
De Garmo, EP. (1988). Engineering Economy, 8th Edition. Macmillan Publishing
Company.
Sta. Maria, Hipolito (1993). Engineering Economy, 2nd Edition. National Book Store.
B) e-Resources
BCcampus (2021, September 28) Principles of Economics [Online Course]
https://opentextbc.ca/principlesofeconomics/
CE-edu (2021, September 17) Engineering Economy Module 1: Introduction. [Video]
https://www.youtube.com/watch?v=cxZX5myCeMA.
Schaum’s Outline Series (2021, October 14)) Theory and Problems of Engineering
Economics. [PDF] https://www.powells.com/book/schaums- outline-of-theory-and-
problems-of- engineering-economics-9780070238343
Sir Agree (2021, August 25) Introduction to Engineering Economy [Video]
https://www.youtube.com/watch?v=2AhYE-AY1AM.
Prepared by:
ENGR. SANCHO B. SANTIAGO JR.
Faculty Member
5
Property of the NVSU College of Engineering. Not to be reproduced or shared without written
permission from the Dean.
NVSU-FR-ICD-02 (080519)
