Course Information

Course Code:
Course Number:
Code Course Name Language Type
MAD 436 Mine Economics Turkish Compulsory
Local Credits ECTS Theoretical Tutorial Laboratory
2 4 2 0 0
Course Prerequisites and Class Restriction
Prerequisites (MAD 232 MIN DD
or MAD 232E MIN DD)
and (MAD 243 MIN DD
or MAD 243E MIN DD)
Class Restriction None
Course Description
Basic Concepts of Economy, Revenue and cost concept, Cost estimation, Depreciation and amortization and their applications The time value of Money and interest rates, Economic evaluation methods (Present, future and annual worth, internal rate of return, Hoskolt methods etc.), Types of investment proposal and properties of mining investment, Risk assessment in mining.

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