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Name of course : Engineering Economic Analysis
Description : Engineering and managerial decision making. The theory of interest and its uses. Equivalent annual costs, present worth, internal rates of return, and benefit/cost ratios. Accounting depreciation and its tax effects. Economic lot size and similar cost minimization models. Sensitivity analysis. Cost dichotomies: fixed vs. variable, and incremental vs. sunk, use of accounting data. Replacement theory and economic life. Engineering examples.
Prerequisites : MA 141
Corequisites :
Comments :
Average user rating : 2.11
Average GPA of classes in course : 2.76
Std. dev. of classes in course : 0.31
Percentile within all courses : 21%
Percentile within department courses : 7%
 Spring 2006
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Ayoub % 1
IE 311 section 002 Ayoub % 1
 Fall 2005
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Bernhard % 0
IE 311 section 002 Ayoub % 4
IE 311 section 003 Ayoub % 1
IE 311 section 004 Meier % 1
 Sum I 2005
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Ayoub % 0
IE 311 section 002 Ayoub % 0
 Spring 2005
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Taheri % 0
IE 311 section 002 Humphrey % 5
IE 311H section 001 Ayoub % 0
IE 311H section 003 Ayoub % 0
IE 311 section 004 Ayoub % 0
 Fall 2004
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Meier % 6
IE 311 section 002 Ayoub % 2
 Sum I 2004
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Ayoub % 1
IE 311 section 002 Ayoub % 1
 Spring 2004
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Ayoub % 6
IE 311 section 002 Ayoub % 3
IE 311 section 003 Bernhard % 0
IE 311 section 004 Bernhard % 0
 Fall 2003
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Bernhard 2.60 1.17 25% 2
IE 311 section 002 Meier 2.60 1.11 25% 5
IE 311 section 003 Humphrey 2.83 1.12 62% 7
IE 311 section 004 Ayoub % 1
IE 311 section 005 Ayoub 2.42 1.01 18% 2
 Sum I 2003
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Ayoub % 2
 Spring 2003
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Ayoub 2.00 1.28 3% 3
IE 311 section 002 Humphrey 2.90 0.75 77% 2
IE 311 section 003 Lavelle % 0
IE 311H section 004 Lavelle % 1
 Fall 2002
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Bernhard 3.03 0.99 88% 3
IE 311 section 002 Ayoub 2.31 1.09 7% 7
IE 311 section 003 Humphrey 2.74 1.12 44% 2
 Spring 2002
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Bernhard 2.82 0.98 55% 4
IE 311 section 002 Ayoub % 0
IE 311 section 003 Humphrey 2.83 1.11 62% 1
IE 311 section 004 Lavelle 3.56 0.58 100% 4
 Fall 2001
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Bernhard 2.33 1.27 11% 3
IE 311 section 002 Ayoub 2.85 1.05 70% 3
IE 311 section 003 Humphrey 2.85 1.03 70% 4
 Spring 2001
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Lavelle 2.61 1.17 29% 0
IE 311 section 002 Ayoub 3.23 1.08 96% 1
IE 311 section 003 Humphrey 2.62 1.22 33% 2
 Fall 2000
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Bernhard 2.73 1.00 40% 0
IE 311 section 002 Ayoub 2.76 1.32 48% 0
IE 311 section 003 Humphrey 2.90 1.17 77% 0
 Spring 2000
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 002 Ayoub 2.94 1.25 85% 1
IE 311 section 003 Bernhard 2.67 0.99 37% 0
IE 311 section 004 Humphrey 2.94 1.10 85% 0
 Fall 1999
Class Instructor GPA Std. Dev. Percentile Users
IE 311 section 001 Bernhard 2.78 1.05 51% 0
IE 311 section 002 Ayoub 2.42 1.27 18% 0
IE 311 section 003 Meier 3.13 0.98 92% 0
 User Ratings
Chncllr_Fox
Suspended
1849 Posts
user info
course :IE 311
course rating :2 - Average
course comments :boring stuff, calculating interest and such
class :Fall 2001 section 001
grade received :B
class rating :2 - Average
class comments :
instructor :Bernhard
instructor rating :0 - Horrible
instructor comments :OH man, do not take this guy. He spends all day talking about how he studied at Cornell, and how he had a 4.0. He wastes your time and grades much more strictly than the other teachers. He takes up homework at beginning and if you come in late he sets it in a different stack so that he can make sure he deducts points. He is in love with Excel, because it makes him feel technological. I wanted to punch him in the eye everytime he looked at me.
C-Mack
#1 Stunna
625 Posts
user info
course :IE 311
course rating :3 - Good
course comments :The material was not very difficult and was very important to know.
class :Fall 2001 section 003
grade received :B
class rating :3 - Good
class comments :The class was made easier compared to the other teachers who taught it. Even gave out candy to correct answers for test reviews.
instructor :Humphrey
instructor rating :4 - Awesome
instructor comments :Dry sense of humor made him a cool guy. I don't think he graded any of the tests or quizzes but he seemed fair.
Shane
Veteran
134 Posts
user info
course :IE 311
course rating :3 - Good
course comments :
class :Fall 2001 section 003
grade received :A-
class rating :4 - Awesome
class comments :
instructor :Humphrey
instructor rating :4 - Awesome
instructor comments :Industry based lessons. What you 'need' to know.
ncsustash
All American
3413 Posts
user info
course :IE 311
course rating :2 - Average
course comments :Boring Boring Class
class :Fall 2001 section 003
grade received :B
class rating :3 - Good
class comments :Easy
instructor :Humphrey
instructor rating :4 - Awesome
instructor comments :Boring but gives out great grades
TKE-Teg
All American
38075 Posts
user info
course :IE 311
course rating :1 - Bad
course comments :This class is supposed to be easy, and is also very boring. However, it looks like some of it might come in handy in the future.
class :Spring 2002 section 001
grade received :N/A
class rating :0 - Horrible
class comments :This class might not be that bad, but the professor is horrendous, probably the worst instructor I've ever hard.
instructor :Bernhard
instructor rating :0 - Horrible
instructor comments :DO WHATEVER YOU CAN NOT to take this prof. He is horrible. He seems really nice and his lectures are worthless, but his tests are impossibly hard. Do not take him!
agentlion
All American
13936 Posts
user info
course :IE 311
course rating :3 - Good
course comments :This section was actually IE 311H/510. It was essentially a graduate class. A good course for engineers considering management in the future. Explores lots of managerial decision making skills. Class was a lot of work compared to the other secitons of 311. The regular sections covered the same amount of material the entire semester that we had done by early March.
class :Spring 2002 section 004
grade received :B+
class rating :3 - Good
class comments :This class was in a studio room in Parks Shops. We had nice desks with TV's and cameras all over the place. Dr Lavelle gave good notes, and all notes and solutions were posted online. All tests and major assignments were take home. Try to buy a paperback copy of the book from overseas (amazon.co.uk) -- it is half as much as the hardback, and they don't sell it in the US.
instructor :Lavelle
instructor rating :4 - Awesome
instructor comments :Lavelle is a great teacher. He is an assistant dean of the COE. He really knows the material well, and uses lots of class involvment. A nice guy and tries his best to make the material (Capital Investment) interesting
CrazyJ
The Boss
2452 Posts
user info
course :IE 311
course rating :3 - Good
course comments :good course, but i have no idea where the engineering comes in. seemed like basic economics to me. useful in general.
class :Spring 2001 section 003
grade received :B
class rating :3 - Good
class comments :usually taught 6-7pm T H. it is in a really comfortable room with padded seats. half the class usually falls asleep - weird. easy. just quizes and tests. don't underestimate the class at first though. i had to catch up in the end because i slacked at first!
instructor :Humphrey
instructor rating :4 - Awesome
instructor comments :great guy. used to work at Nortel during the day but then in the middle of our semester his whole department got laid off. very friendly. very good teacher.
Joe
Lucky
1900 Posts
user info
course :IE 311
course rating :3 - Good
course comments :Engineering economics. Useful knowledge to have in the corporate world. I actually can see this being useful when I get a real job.
class :Spring 2001 section 003
grade received :A
class rating :3 - Good
class comments :The class was interesting and there wasn't too much work. The first test caught me off guard because of the practice ones he gave us and I didn't do so well on it. Make sure you learn the stuff as you go as it all builds on itself.
instructor :Humphrey
instructor rating :4 - Awesome
instructor comments :Funny guy, knew his stuff. Fair on grading. Made class somewhat enjoyable.
thedorito
Veteran
299 Posts
user info
course :IE 311
course rating :2 - Average
course comments :If you have ever taken an economics class before, you will probably find this class repetitive
class :Fall 2002 section 001
grade received :B+
class rating :2 - Average
class comments :Bernhard was always well prepared because he teaches the class from memory. He talked to chalkboard for 90 minutes every day. Grade distribution is good.
instructor :Bernhard
instructor rating :2 - Average
instructor comments :
Listener
Veteran
295 Posts
user info
course :IE 311
course rating :0 - Horrible
course comments :I hate IE311. The material is good to know, because managers and bosses use it to determine profit loss/margins etc. However, i don't care for the stuff. Rather do circuits.
class :Fall 2002 section 002
grade received :B
class rating :0 - Horrible
class comments :Didn't do a good job explaining stuff. Expected you to do a lot of out of class work to understand the lecture. He wasted a lot of valuble class time on stupid stuff too. Like telling us about his car and computer and how he was too stupid to put anti-virus software on his computer and he got a virus and etc etc etc... i HATED it SO MUCH IT IS NOT FUNNY.
instructor :Ayoub
instructor rating :0 - Horrible
instructor comments :Horrible! Yells at you when you ask a question! Not helpful AT ALL in office hours. Very bias kinda guy.
rwoody
All American
21703 Posts
user info
course :IE 311
course rating :3 - Good
course comments :Really easy material if you attempt to learn it. Basically just economics in graph form. Required course for MAE
class :Fall 2002 section 002
grade received :C
class rating :2 - Average
class comments :Alot of HW, but you could turn it in early for EC. He says attendance doesnt count, but there are bonuses given sometimes.
instructor :Ayoub
instructor rating :1 - Bad
instructor comments :At first i thought he was gonna be great but as the semester went on he became more of a jackass. He could be funny at times, but he would get pissed that people didnt come and would yell at you for asking a question. If you did not know how to do something, he would assume you didnt come to class b/c "he covered it"
yuri82
All American
10579 Posts
user info
course :IE 311
course rating :3 - Good
course comments :not the most exciting material, but will change the way you think about economics.
class :Fall 2002 section 002
grade received :B
class rating :3 - Good
class comments :the book wont help you much, but you need to buy it. if you dont understand, go to the TA sessions, they are very helpful.
instructor :Ayoub
instructor rating :4 - Awesome
instructor comments :great guy. sense of humor. lets you turn homework in early for extra credit. gives bonus quizzes in class, so dont miss it. He doesnt teach well, you have to learn it yourself most of the time.
kmrodden
All American
1258 Posts
user info
course :IE 311
course rating :3 - Good
course comments :sometimes interesting, often the "neatest thing I learned that day" Required for ME, but I think that is changing with the new curriculum. However, some IE311 Qs on the FE and I got them right with this class
class :Spring 2003 section 002
grade received :B
class rating :3 - Good
class comments :I never did anything and ended up with a B. I really think I should have gotten a B+, but Humphrey nor the TA would email me my final exam score. All lectures. Don't really need the book. Mostly guys. Three tests, 5 quizzes, and a final
instructor :Humphrey
instructor rating :4 - Awesome
instructor comments :Spoke clearly, sorta a dork, TA grades everything, no homework but probs assigned to give idea for tests. Friendly, and again had a dorky sense of humor
Roach
Veteran
174 Posts
user info
course :IE 311H
course rating :3 - Good
course comments :
class :Spring 2003 section 004
grade received :A
class rating :3 - Good
class comments :
instructor :Lavelle
instructor rating :4 - Awesome
instructor comments :helluva guy and a great contact cause he's the asst dean of engineering. wonderful to have as a teacher!
bkfemme
All American
11672 Posts
user info
course :IE 311
course rating :1 - Bad
course comments :This course is required for IE majors. The material can be easy, if you have an instructor who teaches it well. If you dont like economics (as is the case with me), you may find yourself struggling and you may need to spend a little extra time on the material.
class :Fall 2004 section 001
grade received :D
class rating :0 - Horrible
class comments :Meier made the class harder than it should have been. The class does require a lot of work. Working problems (and many of them) is the best way to study. Although attendance was not required, it helps in the end, because Meier does not give an overall curve. Be does individual curves based on attendance and class participation, homework performance, and your willingness to come to office hours and ask for help.
instructor :Meier
instructor rating :1 - Bad
instructor comments :He is a nice guy, but I couldnt stand how he taught, and how he administered his tests. He seemed more concerned with how many equations we could memorize rather than how well we could apply them to problems. There were often errors in the test questions, and the tests were too long for the period of time that we had.
rjrgrl
All American
27055 Posts
user info
course :IE 311
course rating :2 - Average
course comments :material wasnt very hard, its just really easy to mix up the equations on tests if your professor expects you to remember all of them.
class :Fall 2004 section 001
grade received :C-
class rating :2 - Average
class comments :class wasnt very difficult. a few of the hworks took a while, but werent that bad. i pretty much never went to class, i didnt find his in class examples useful really. it sucked that he expected us to memorize all the equations for the tests, thats what screwed me up. rework the prior tests when youre studying.
instructor :Meier
instructor rating :2 - Average
instructor comments :nice guy. the ta got stuff back to us pretty quickly.
mbp6
All American
858 Posts
user info
course :IE 311
course rating :3 - Good
course comments :Interesting and important economic information.
class :Spring 2005 section 002
grade received :A
class rating :4 - Awesome
class comments :Notes were available online and were very representative of the tests. No real surprises. There were two quizzes early on, but he didn't give any after that other than attendance quizzes. The grade is made up of just that, three tests, and the final. No attendance policy, but it's a really good idea to go.
instructor :Humphrey
instructor rating :4 - Awesome
instructor comments :Very nice guy. He has a dry sense of humor, but that's the best kind. He's a fun teacher to have. He has a regular job and teaches IE311 after that. He is THE IE311 teacher to take.
Bobos69
New Recruit
6 Posts
user info
course :IE 311
course rating :0 - Horrible
course comments :complete waste of time
class :Fall 2005 section 002
grade received :N/A
class rating :0 - Horrible
class comments :
instructor :Ayoub
instructor rating :0 - Horrible
instructor comments :a huge dick and horrible lecturer, avoid taking him
virga
All American
2019 Posts
user info
course :IE 311
course rating :0 - Horrible
course comments :The worst class I have ever taken at NCSU. Utterly irrelevant course material to my EE major (taken as tech elective), the course hides math behind tables, never explains anything thoroughly, and many times appears to be voodoo.
class :Spring 2006 section 001
grade received :N/A
class rating :0 - Horrible
class comments :Ayoub is synonymous with IE 311. Together, they form the worst possible combination of material, professor, and classroom that I have ever experienced at state. Absolutely wretched. This class is where people go to die.
instructor :Ayoub
instructor rating :0 - Horrible
instructor comments :Categorically the worst professor I have had in all of my five years at NCSU. There is no middle ground -- he is the worst lecturer, the worst professor, the worst facilitator of the education of knowledge of all time. Avoid this man at all costs, regardless of the course. Incompatible with every single learning style imaginable.

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