Introduction

Instructor:
Dr. Oliver Dzobo
Contact: oliverd@uj.ac.za
Office Hours:
Room 211
Blackboard course name:
ENG. ECONOMICS &
PRACTICE IEPEEB2
Whatsapp number: 0843772773

Money has a time value!!!!!!

 IEPEEB2
ENG. ECONOMICS & PRACTISE

Department of Electrical & Electronic Science

Engineering

Faculty of Engineering and the Built Environment

2023

Lecturer: Dr. Oliver Dzobo

 Exit
NQF Level: Semester: Curriculum Year:
Level:

Calculation
Assessment Type: Final mark weighting = Semester mark (100%)
Criteria:
Prerequisite
Module(s):
Purpose: To teach the following:
1. The principles of engineering economics,
2. The impact of engineering activity on social, industrial and physical environment
3. Engineering ethics and professionalism
4. Financial implications of engineering design decisions
5. Evaluation of financial/economic attractiveness of an engineering project
Content:  Engineering economics concepts:
 Time value of money
 Product lifecycle
 Decision making processes and basic economic concepts
 Product design
 Case study project x 2
 Individual and/or a team will be assigned to work on the solution
to a problem. In-class final project/case study presentations
may be required.
Total number of Duration Total number of Duration of a Total number of Duration of Total number Duration Total This Hours of
lectures of a tutorials tutorial practicals a practical of other of a assign- variable is exam or
lecture (hours) (hours) contact contact ment non- fixed: other
(hours) sessions session contact 1 hour additional
(hours) hours assess-
ment

L TL T TT P TP X TX A TA E

8 1.5 4 3 2 3 14 0.5 6 1 25

ML 2 MT 1 MP 1 MX 1 --- ME 1

Course Credits 8.0

Mathematical Natural Engineering Design and Complementary
X X X X
Sciences Sciences Sciences Synthesis Studies
 ECSA Exit-Level Outcomes/SAQA Critical Cross-Field Outcomes

GA1 GA2 GA3 GA4 GA5 GA6 GA7 GA8 GA9 GA10 GA11 GA12

CC CCFO 2 CCFO 3 CCFO 4 CCFO 5 CCFO 6 CCFO 7 CCFO 8 CCFO 9 CCFO 10 CCFO CCFO
FO 11 12
1

Role:
d = develops d d d d d d
X = assesses

GA 1: Problem solving
Learning outcome: Demonstrate competence to identify, formulate, analyse and solve complex engineering problems creatively and
innovatively
This outcome is assessed directly in the semester tests, assignments and case studies where the questions require formulation and analyses
of complex engineering problems.
GA 2: Application of scientific and engineering knowledge
Learning outcome: Apply knowledge of mathematics, natural science and engineering fundamentals and an engineering speciality to
solve complex engineering problems.
This outcome is assessed directly in the semester tests, assignments and case studies where the questions require formulation and analyses
of complex engineering problems.
GA 5. Engineering methods, skills and tools, including Information Technology
Learning outcome: Demonstrate competence to use appropriate engineering methods, skills and tools, including those based on
information technology
This outcome is assessed in the two practicals/ case studies which require the use of EXCEL software and tools to complete.
GA 7: Impact of Engineering activity
Learning outcome: Demonstrate critical awareness of the sustainability and the impact of engineering
activity on the social, industrial and physical environment
This outcome is assessed directly in the semester tests, assignments and case studies where the questions
require formulation and analyses of complex engineering problems.
GA 10: Engineering Professionalism
Learning outcome: Demonstrate critical awareness of the need to act professionally and ethically and to
exercise judgment and take responsibility within own limits of competence.
This outcome is assessed directly in the semester tests, assignments and case studies where the questions
require formulation and analyses of complex engineering problems.
GA 11: Engineering Management
Demonstrate knowledge and understanding of engineering management principles and economic
decision-making
This outcome is assessed directly in the semester tests, assignments and case studies where the questions
require formulation and analyses of complex engineering problems
Lecturer Details:
Name: Oliver Dzobo
Office: B4Lab211, APK campus
E-Mail: oliverd@uj.ac.za
Consultation hours: Wednesdays, 11:00-12:30, or by appointment

Class Schedule:
Lectures Tuesdays 13:50 – 17:05 CONTACT / ONLINE
Fridays 09:40 – 10:25

Practicals TU08 – TU11

Tuesdays 13:50-17:05 (To be used for
lectures until further notice)
Presentation Week: To be announced

Consultation Wednesdays 11:00 – 12:30 LAB4 Rm 211

hours
Module Resources:

• Chan S Park: Fundamentals of Engineering Economics (2004

Pearson Education.Inc)
• Lecture notes and other materials developed by the
convener will be distributed via Blackboard (ulink.uj.ac.za)
• Blackboard/Edulink will be used for distributing course
material, announcements and tests.
Semester and final marks in this module are calculated as follows:

OUTCOME: Weight Notes

Assignments/Quizzes 20% All assignments/quizzes must be completed to get your final

semester mark. If you fail your final assignment/quizzes mark, you
will be assigned a failing mark regardless of your other outcome
marks

TEST 1 40% A makeup test will be arranged for students who fail the assessment
opportunity test. If a student fails the makeup test, a final mark of
40% will be given regardless of your other outcome test. If a student
passes the makeup test the following equation will be used to
calculate the final assessment opportunity test mark:
Y = 0.2X + 40 (where x is the makeup test mark)
The case study project report must be completed to get your final
Case Study Project 40%
semester mark. If you fail your case study project, you will be
assigned a failing mark regardless of your other outcome marks

Semester mark: 100%

RULES FOR MISSING ANY ASSESSMENT
If you miss a test or practical for valid reasons (see Academic Regulations), you must
present a valid excuse to the lecturer as soon as possible (within 2 weeks). Make-up
test and practicals will be scheduled as needed during the semester.
 Knowledge areas
Knowledge area Weight Notes

Mathematical Science 5%

Natural Science 5%

Engineering Science 5%

Complementary studies 85%

Proposed Assessment dates

Assessment Proposed test date Notes

TEST 1 03 October
SICK TEST 24 October
PROJECT 4 November Deadline for submission of project