University Life Purpose: Vision

I.
II.
III.
IV.
V.
VI.
VII.
:
Bachelor of Science in
Chemical Engineering
Course Title
:
Engineering Economy
Course Code :
ESC 411
Course Credit :
Three (3) units
Course Type
:
Lecture
Pre-requisite/Co-requisite: 4th year standing
Pre-requisite to:
None
VIII.
Course Description
UNIVERSITY LIFE PURPOSE

To educate and serve the less privileged but deserving
students of Manila.
Vision: Scholars of Integrity and Excellence

The Pamantasan ng Lungsod ng Maynila (PLM), created by
a National Charter (RA 4196, 1965), was envisioned to be
Manilas premier institution for higher learning. It provides
superior standards of instructions, as well as opportunities for
outstanding research in technology and other areas for the
development of the intellect and to advance in human
knowledge.
The Pamantasan ng Lungsod ng Maynila has adopted the
policy of preferential option for the poor and therefore has
prioritized education for the underprivileged but talented
students of Manila. Committed to the highest intellectual and
ethical standards. PLM strives to produce competent
graduates with integrity who will be responsible citizens who
can contribute effectively to local, national and global
initiatives for the progressive and sustainable development of
humanity.
Guided by the values of academic excellence, integrity and
social responsibility, PLM endeavors to be one of the leading
universities in the ASEAN.
Program
This course covers the basic principles and applications of economic

decision-making between alternatives encountered in engineering
systems projects. The analysis will include methodologies of
economics and finance in addition to engineering fundamentals.
Other topics include depreciation, inflation considerations, and cost
estimating.
Mission
The PLM Board of Regents, Management, Faculty, and Staff
are committed:
1. To be recognized by Philippines and ASEAN academic
accrediting agencies as a premier university for its quality
education, research, and extension services;
2. To insure that PLM maintains a higher than the national
average performance on all professional licensure
examinations taken by its graduates;
3. To continue to provide the students with an education that
will give them a competitive advantage for employment
opportunities
COLLEGE OF ENGINEERING AND

TECHNOLOGY
Vision: The College of Engineering and Technology will be
the premier college in technological education, research and
extension services.
Mission
Guided by this Vision, we commit ourselves:
1. To uphold excellence through curriculum development
and teaching, significant advances in knowledge, and
services to the community of which we are a part.
2. To nurture students with a technological education of the
highest quality that will enable them to professional
competent, community directed and God-centered
individuals; and
3. To develop faculty members and staff to be excellent
examples in leadership and management.
CHEMICAL ENGINEERING DEPARTMENT

Vision: The Chemical Engineering (ChE) Department
envisions itself as a center of excellence a leading
institution for research and with highly qualified faculty
members duly recognized for producing technically
competent, socially involved and globally responsive
professionals.
Mission
The ChE Department commits itself to:
1. Develop student scholars who are technically competent
and globally prepared in the chemical engineering
discipline through the provision of high quality
undergraduate
programs
and
research-centered
curriculum;
2. Cultivate moral values, social awareness and team spirit
in the curriculum and extension activities
CONTACT INFORMATION
CET Office
3rd floor Gusaling Villegas
Phone: (02) 527-3969
Website: www.plm.edu.ph
IX.
Program Educational Objectives
Graduates of Chemical Engineering Program are expected to:

1. Be highly proficient in chemical engineering principles,
mathematics, physical sciences and engineering sciences as
manifested in their involvement in process engineering, design
and environmental systems management
2. Demonstrate analytical thinking and problem solving skills
3. Be successful in pursuing advance degrees
X.
Program Learning Outcomes
A graduate of the Bachelor of Science in Chemical Engineering

(BSChE) program must attain:
a. An ability to apply knowledge of mathematics, physical sciences,
engineering sciences to the practice of chemical engineering.
b. An ability to design and conduct experiments to test hypotheses
and verify assumptions, as well as to analyze and interpret data
and to simulate processes.
c. An ability to design, improve, innovate, and to supervise systems
or processes to meet desired needs within realistic constraints.
d. An ability to work effectively in multi-disciplinary and multi-cultural
teams in diverse fields of practice.
e. An ability to identify, formulate, and solve chemical engineering
problems.
f. An understanding of the effects and impact of the chemical
engineering profession on the environment and the society, as
well as the social and ethical responsibilities of the profession.
g. The specialized knowledge in at least one field of chemical
engineering practice, and the ability to apply such knowledge to
provide solutions to actual problems.
h. An ability for effective oral and written communications particularly
in the English language.
i. An ability to engage in life-long learning and to keep abreast of the
current trends and development in a specific field of
specialization.
j. An ability to use the appropriate techniques, skills and tools necessary for the practice of chemical engineering.
k. A knowledge of contemporary issues.
XI.
Course Learning Outcomes

After completing this course, the student must be able to:
1. Identify key concepts in engineering economy and relate these concepts on real-life situations.
2. Perform economic calculations involving the time value of money using standard formulas and analyzing
cash flow diagrams.
3. Apply the concept of annuity and gradient by analyzing cash flows diagrams and solve problems involving
the different types of annuity, gradient, and its application to real-life situations using standard formulas .
4. Apply the effects of depreciation and price change in engineering economic analysis problems by
solving problems using standard formulas.
5. Apply the concepts of break-even analysis and comparison of alternatives to understand risk and analyze
risky projects by using different analytical techniques.
XII.
Course Coverage
Week
1-2
3-5
6-8
Topic
Introduction to Engineering Economy
Scope and Definition of Engineering

Economy
History of Economics
Consumer and Producer Goods and

Services
Law of Supply and Demand
Market Structures
Interests and Money Time Relationships
Simple Interest
o Ordinary Simple interest
o Exact Simple Interest
Cash Flow Diagrams
Compound Interest
Rates of Interest
o Nominal Interest Rate
o Effective Rate of Interest
Equation of Value
Continuous Compounding Interest
Discrete Payments
Bankers Discount
Annuity
9
10-11
Teaching and
Learning Activities
(TLA)
Lecture/Discus
sion
Working
through
examples
CET/CHE/ESC 411 Engineering Economy
Recitation
Board work
Recitation
Problem Set 1
Quiz
Lecture
Working
through
sample
problems
Lecture
Working
through
sample
problems
Board work
Recitation
Problem Set 2
(Annuity)
Quiz
Lecture
Working
through
MIDTERM
Board work
Recitation
Problem Set
Ordinary Annuity
Annuity Due
Deferred Annuity
Perpetuity
Capitalized Cost
Amortization
Gradient
Uniform Arithmetic Gradient
Uniform Geometric Gradient
Assessment Tasks
(AT)
12-14
15-17
Depreciation
Straight Line Method
Sinking Fund Method
Declining Balance Method
Double Declining Balance Method
Sum of the Years Digit Method
Hour Output Method
Service Output Method

Break-Even Analysis
Ways to Lower Break-Even Point
Break Even Analysis
Calculating Break-Even Point
Break-Even Chart
sample
problems
Lecture
Working
through
sample
problems
Lecture
Working
through
sample
problems
3(Gradient)
Quiz
Board work
Recitation
Problem Set
4(Depreciation)
Quiz
Board work
Recitation
Problem Set 5
Quiz
Comparison of Alternatives
Present Worth Method
Annual Cost Method
Rate of Return
Capitalized Cost
18
XIII.
Submission of
Project; FINALS
Course Assessment
The students will be graded according to the following:
Midterm Examination
Final Examination
Quizzes
Problem Set
Seatwork
Boardwork/Recitation
Culmination Activity/ Project
20%
20%
35%
10%
5%
5%
5%
Passing: 75% (50 based)

Transmutation:
98 - 100
95 97
92 94
89 91
86 88
83 85
80 82
77 79
75 76
Below 75
XIV.
1.00
1.25
1.50
1.75
2.00
2.25
2.50
2.75
3.00
5.00
References
Blank, Leland T. (2014). Basic Engineering Economy. New York: Mc-Graw Hill
Sullivan, William G., Wicks, Elin M. and Koelling, C. Patrick (2012). Engineering Economy. Harlow, Essex:
Pearson Education Limited
Sta. Maria, Hipolito B. (2000). Engineering Economy. Mandaluyong City: National Book Store
Thuesen, G. J. and Fabrycky (1993). Engineering Economy. London: Prentice-Hall International

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I.

UNIVERSITY LIFE PURPOSE

Vision: Scholars of Integrity and Excellence

This course covers the basic principles and applications of economic

COLLEGE OF ENGINEERING AND

CHEMICAL ENGINEERING DEPARTMENT

Program Educational Objectives

Graduates of Chemical Engineering Program are expected to:

Program Learning Outcomes

A graduate of the Bachelor of Science in Chemical Engineering

Course Learning Outcomes

Scope and Definition of Engineering

Consumer and Producer Goods and

Law of Supply and Demand

Cash Flow Diagrams

Continuous Compounding Interest

CET/CHE/ESC 411 Engineering Economy

Uniform Arithmetic Gradient

Uniform Geometric Gradient

Straight Line Method

Sinking Fund Method

Declining Balance Method

Double Declining Balance Method

Sum of the Years Digit Method

Hour Output Method

Service Output Method

Ways to Lower Break-Even Point

Break Even Analysis

Calculating Break-Even Point

Present Worth Method

Annual Cost Method

Passing: 75% (50 based)

CET/CHE/ESC 411 Engineering Economy

CET/CHE/ESC 411 Engineering Economy

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