Vietnam National University – HCMC

International University
School of Industrial Engineering and Management

COURSE SYLLABUS
Course Code
IS020IU

COURSE NAME
ENGINEERING ECONOMY

May 2023
 VIETNAM NATIONAL UNIVERSITY HCMC Code: FormCS1/EV. Issued No: 1.20
INTERNATIONAL UNIVERSITY Date of issued: 25/02/2020
School of Industrial Engineering & Total pages: …
management

COURSE SYLLABUS

Course Name: Engineering Economy

Course Code: IS020IU

RECORD OF REVISIONS

No. Place Content of revision Date of revision

Prepared by Reviewed by Approved by

Full name Luu van Thanh

Position Lecturer

Signature

Date 02/03/2020
 VIETNAM NATIONAL UNIVERSITY HCMC COURSE SYLLABUS
INTERNATIONAL UNIVERSITY COURSE NAME: Engineering Economy
School of Industrial Engineering & Course code: IS020IU.
Management

1. General Information
 Course Title
+ Vietnamese: Kinh tế Kỹ thuật
+ English: Engineering Economy
 Course ID: IS020IU
 Course type
General Fundamental
Specialization Others: ………………
Skills Project/ Internship/ Thesis
 Number of credits: 3

+ Lecture: 3
+ Laboratory: 0
 Prerequisites: Nil
 Parallel Course: Nil
 Previous course: Nil
2. Course Description
Economic decisions involving engineering alternatives; annual cost, present & future
worth, rate of return, and benefit-to-cost; before and after-tax replacement economy;
organizational financing; break-even charts; unit and minimum-cost public sector
studies.

3. Textbooks and Other Required Materials (textbooks and references should be 

5)
Textbooks:
[1] W.G. Sullivan, E.M. Wicks, C.P. Koelling (2012), Engineering Economy, 15th
edition, Prentice Hall.

References:

Software:

4. Course goals

Goals Descriptions Program Learning Level of

(Gx) Outcomes Competence

ABET * CDIO

G1 Understand major principles of 1,2,5 1.3, 3.1 Understand

economic analysis for decision
making among alternative courses
of action in engineering; understand
knowledges of probabilistic risks,

Code: FormCS1/EV Issued No: 1.20 Date of issued:25/02/2020 Page

 VIETNAM NATIONAL UNIVERSITY HCMC COURSE SYLLABUS
INTERNATIONAL UNIVERSITY COURSE NAME: Engineering Economy
School of Industrial Engineering & Course code: IS020IU.
Management

depreciation, tax and benefit-cost

ratios in analyzing engineering
applications.

G2 Apply cash flow diagram into 4,5,6,7 1.3, 2.4,

economy analysis and alternative 3.1, 4.2
analysis techniques for engineering
applications; apply techniques and
Apply
methods of sensitivity analysis for
engineering problems to compare
and make decisions between
alternatives.

*
ABET_Student Outcomes
Criteria for Accrediting Engineering Programs, 2020-2021
1. an ability to identify, formulate, and solve complex engineering problems by
applying principles of engineering, science, and mathematics
2. an ability to apply engineering design to produce solutions that meet specified
needs with consideration of public health, safety, and welfare, as well as global,
cultural, social, environmental, and economic factors
3. an ability to communicate effectively with a range of audiences
4. an ability to recognize ethical and professional responsibilities in engineering
situations and make informed judgments, which must consider the impact of
engineering solutions in global, economic, environmental, and societal contexts
5. an ability to function effectively on a team whose members together provide
leadership, create a collaborative and inclusive environment, establish goals,
plan tasks, and meet objectives
6. an ability to develop and conduct appropriate experimentation, analyze and
interpret data, and use engineering judgment to draw conclusions
7. an ability to acquire and apply new knowledge as needed, using appropriate
learning strategies.

5. Course learning outcomes (CLOs)

Course learning outcomes are described systematically and aligned with course
goals. Active verbs are used to describe CLOs and able to measure and observe in
a specific context. Teaching modes: I(Introduce); T (teach); U (Utilize).

CLOs Descriptions Teaching Modes

(Gx.x)
G1.1 Understand major principles of economic I, T
analysis for decision making among
alternative courses of action in engineering
as breakevent, costs, cash flow.

Code: FormCS1/EV Issued No: 1.20 Date of issued:25/02/2020 Page

 VIETNAM NATIONAL UNIVERSITY HCMC COURSE SYLLABUS
INTERNATIONAL UNIVERSITY COURSE NAME: Engineering Economy
School of Industrial Engineering & Course code: IS020IU.
Management

G1.2 Understand knowledges of probabilistic T

risks, depreciation, tax and benefit-cost
ratios in analyzing engineering applications.
G2.1 Apply cash flow diagram into economy T
analysis and alternative analysis techniques
for single project.
G2.2 Apply techniques and methods of sensitivity T
analysis for engineering problems to
compare and make decisions between
among alternatives.

6. Course Assessment

Assessment types Assessment Course learning Percentage

component outcomes (CLOs) %
(Gx.x)
A1. Process A1.1 Quiz G1.1, G1.2 15
assessment A1.2 Homeworks G2.1, G2.2 15
A2.Midterm A2.1 Midterm Exam G1.1, G1.2, G2.1 30
assessment
A3. Final assessement A3.1 Final Exam G1.2, G2.1, G2.2 40

7. Course Content

Theory

CLOs Teaching and

Assessment
Week Content (Gx.x) Learning activities
Activities
Lecturer Student
Lecture 1: G1.1 - Lecture - Group forming.
Introduction to EE presentation - Class discussion
1
- Read book &
lecture 2.
Lecture 2: Cost G1.1 - Lecture - Class discussion - Quiz
concepts and presentation - Read book & A1.1
2
Design lecture 3. - Homework
Economics A1.2
Lecture 3: The G1.1 - Lecture - Class discussion - Quiz /HW
3&4 time value of presentation - Read book & A1.1, A1.2
money lecture 4.
Lecture 4: The G1.1 - Lecture - Class discussion - Homework
time value of presentation - Read book & A1.2
5
money (con’t) lecture 5.

Lecture 5: G2.1 - Lecture - Class discussion - Quiz /HW

6&7 Evaluating a presentation - Read book & A1.1, A1.2
single project. lecture 6.
Review for G1.1, - Problems - Class discussion - Quiz /HW
8 Midterm G1.2, solving A1.1, A1.2

Code: FormCS1/EV Issued No: 1.20 Date of issued:25/02/2020 Page

 VIETNAM NATIONAL UNIVERSITY HCMC COURSE SYLLABUS
INTERNATIONAL UNIVERSITY COURSE NAME: Engineering Economy
School of Industrial Engineering & Course code: IS020IU.
Management

G2.1
Midterm exam A2
Lecture 6: G1.2 - Lecture - Class discussion - Quiz /HW
Comparison and G2.2 presentation - Read book & A1.1, A1.2
9 & 10
Selection among lecture7.
alternatives
Lecture 7: G1.2 - Lecture - Class discussion - Quiz /HW
11&12 Depreciation and G2.2 presentation - Read book & A1.1, A1.2
Income taxes lecture 8.
Lecture 8: G1.2 - Lecture - Class discussion - Quiz /HW
Evaluating G2.2 presentation - Read book & A1.1, A1.2
13 projects with the lecture 9.
benefit-cost ratio
method
Lecture 9: G1.2 - Lecture - Class discussion - Quiz /HW
14 Replacement G2.2 presentation A1.1, A1.2
analysis
Review for Final G1.2 - Problems - Class discussion - Quiz /HW
15 Exam G2.1 solving A1.1, A1.2
G2.2
FINAL EXAMINATION A3

Laboratory
Teaching and
CLOs Learning activities Assessment
Week Content
(Gx.x) Lecturer Student Activities

1
2

8. Course requirement and expectation

Class Participation: A minimum attendance of 80 percent is compulsory for the class
sessions. Students will be assessed on the basis of their class participation. Questions and
comments are strongly encouraged.

Academic Honesty and Plagiarism: Instances of academic dishonesty will not be

tolerated. Cheating on exams or plagiarism (presenting the work of another as your own, or
the use of another person’s ideas without giving proper credit) will result in a failing grade.
For this class, all assignments are to be completed by the individual student unless
otherwise specified. Students are also reminded that careful time management is an
important part of study and one of the identified causes of plagiarism is poor time
management. Students should allow sufficient time for preparation, research, drafting, and
the proper referencing of sources in preparing all assessment items.

9. Instructor information

Department/Office School of Industrial Engineering & Management-International

Code: FormCS1/EV Issued No: 1.20 Date of issued:25/02/2020 Page

 VIETNAM NATIONAL UNIVERSITY HCMC COURSE SYLLABUS
INTERNATIONAL UNIVERSITY COURSE NAME: Engineering Economy
School of Industrial Engineering & Course code: IS020IU.
Management

University, VNU-HCMC

Address A2.513 – Quarter 6, Linh Trung Ward, Thu Duc District, HCMC

Phone number

Instructor ‘s name Luu Van Thanh

Email [email protected]

Ho Chi Minh City, 02/03/2020

Dean of Faculty/Department

Code: FormCS1/EV Issued No: 1.20 Date of issued:25/02/2020 Page