Conference Session

Elements of decision making in engineering economics education

Collection

2025 ASEE Annual Conference & Exposition

Authors

Robert J. Rabb P.E., Pennsylvania State University; Paul Mittan, Pennsylvania State University; Ted Graef, Pennsylvania State University

Tagged Divisions

Engineering Economy Division (EED)

forprofessional skill development, while emphasizing engineering economics and projectmanagement through team-driven Project-Based Learning (PBL). Half the lessons are generaleconomics from a real-world perspective so students can relate to the material and see how itimpacts their lives and their engineering careers. The other half of the lessons focus on applyingeconomics learnings to engineering and project management using examples and problems atboth a personal level such as budgets and return on investment and at a more complex levelinvolving project management related to product design. Students stay engaged through in-classdiscussions and activities, out of class reading and video assignments, and quizzes. Theinstructors also developed incentives

Conference Session

AI Integration in Engineering Economy Course

Collection

2025 ASEE Annual Conference & Exposition

Authors

Billy Gray, Tarleton State University; Gloria Margarita Fragoso-Diaz

Tagged Divisions

Engineering Economy Division (EED)

responses that are expected, such as identification of the ethical dilemma,identification of the protagonists and antagonists in the dilemma, how the behavior in thedilemma should be addressed, and to tie the behaviors of the actors in the dilemma back to anethical standard in the student’s career field.The course and the workload associated with the course are expected to increase as the universityand the majors serviced by this class continue to experience enrollment growth. The ability toprovide assignment feedback without sacrificing content and to ensure the instructor’sconsistency in grading needed to be developed. To satisfy the workload, an LLM was used to tryand support grading efforts. Due to concerns with privacy and to avoid potential

Conference Session

Elements of decision making in engineering economics education

Collection

2025 ASEE Annual Conference & Exposition

Authors

Gbetonmasse B Somasse, Worcester Polytechnic Institute

Tagged Divisions

Engineering Economy Division (EED)

more curious about economicsand connect economic principles with their lives and careers in an entertaining way. AlfredMarshall, a pioneer in economics, said, “Economics is a study of mankind in the ordinarybusiness of life." Back in 1917, John F Hayford wrote an article to explain the relation ofengineering to economics with some concrete and practical illustrative examples[6]. The goal ofthis problem-solving studio module is to use basic principles of economics (e.g., [7]) to analyzethe transaction beyond first impressions.The “Water and M&M” module relies instead on a set of core economic principles to cover someof the most important concepts. Learning these core concepts is important for students who maynot be able to learn or

Conference Session

Elements of decision making in engineering economics education

Collection

2025 ASEE Annual Conference & Exposition

Authors

Matt Gordon, University of Denver; Daniel D Auger, University of Denver

Tagged Divisions

Engineering Economy Division (EED)

University of Waterloo in Canada. His background is primarily in biomechanics, tribology, mechanical design, materials and Systems Design. He is a former Vice President of R&D and Distinguished Engineering Fellow from DePuy Synthes, Johnson and Johnson where he worked for over 28 years both in the USA and the United Kingdom. Throughout his career Dan has architected multigenerational product platforms, lead projects, built strategy and delivered multiple medical device innovations from research and concept through to the market. He is an inventor with 30+ patents and an author on some 50+ publications. ©American Society for Engineering Education, 2025 When to Start Taking Social

Conference Session

AI Integration in Engineering Economy Course

Collection

2025 ASEE Annual Conference & Exposition

Authors

Raymond L. Smith III, East Carolina University; Ricky T Castles, East Carolina University; Emily Fuller Sondergard

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy Division (EED)

Electronics Engineers, “IEEE Code of Ethics.” Jun. 2020. Accessed: Jan. 15, 2025. [Online]. Available: https://www.ieee.org/about/corporate/governance/p7-8.html[2] American Society of Civil Engineers, “Code of Ethics.” Oct. 2020. Accessed: Jan. 15, 2020. [Online]. Available: https://www.asce.org/career-growth/ethics/code-of-ethics[3] National Society of Professional Engineers, “NSPE Code of Ethics for Engineers.” Jul. 2019. Accessed: Jan. 15, 2025. [Online]. Available: https://www.nspe.org/resources/ethics/code-ethics[4] NCEES, “Fundamentals of Engineering (FE) OTHER DISCIPLINES CBT Exam Specifications.” Jul. 2020. Accessed: Jan. 15, 2025. [Online]. Available: https://ncees.org/wp-content/uploads/FE- Other