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A Student Case Study on What is the Return on FICA Taxes?

Conference Session
Engineering Economy Division (EED) Technical Session 1
Collection
2024 ASEE Annual Conference & Exposition
Authors
Ted Eschenbach, University of Alaska ; Neal A. Lewis, University of Nebraska
Tagged Topics
Diversity
Tagged Divisions
Engineering Economy Division (EED)
pension. Socialsecurity is the centerpiece of retirement planning for most Americans. Engineering economystudents have the tools to analyze this aspect of their futures. Engineering economy professorshave the responsibility for helping students to achieve mastery of the basics for retirementfinancial planning. The rate of return on our tax investment is demonstrated as a real example oftime value of money and personal financial planning.While the analysis is applicable to the U.S. social security system as it is defined today, ourmethodology is applicable to other defined benefit systems. The approach is also applicableinternationally, as most countries have some form of public pension system.IntroductionEngineering economy texts and courses
Relevance Score: 0.014272742

Creation of Open-Source Course Materials for Engineering Economics Course with Help from a Team of Students—Lessons Learned

Conference Session
Engineering Economy Division (EED) Technical Session 1
Collection
2024 ASEE Annual Conference & Exposition
Authors
Tamara R. Etmannski, University of British Columbia
Tagged Topics
Diversity
Tagged Divisions
Engineering Economy Division (EED)
thisanalysis is presented here along with representative student comments, and discussed. The fulllist of survey responses and coding notes can be made available to any interested party.3. Results3.1 Material DevelopmentThe early planning stages of the project included rethinking the traditional textbook format, andopting instead to produce annotated and comprehensive slides designed to function as both studyaids for students and instructional tools for educators. The foundational concepts of engineeringeconomics were systematically organized into twelve distinct chapters, each represented by aPowerPoint slide deck. The size of these decks varied, spanning from 20 to 40 slides, with anaverage of 30 slides and a median of 29. Each deck included a title
Relevance Score: 0.008718974