Conference Session

Engineering Economics Teaching Tools

Collection

2015 ASEE Annual Conference & Exposition

Authors

Ted Eschenbach P.E., University of Alaska Anchorage; Neal A Lewis, University of Bridgeport

Tagged Divisions

Engineering Economy

beyond thesimple price indices. Note that both price and total return versions of the Dow Jones and the S&P500 indices are available. Only total return versions should be used. We note that the S&P 500and the Russell 1000 are generally regarded as better measures than the Dow Jones, as theyinclude more firms and they weight them by their capitalization or float, rather than simplyaveraging the stock market prices of 30 firms as does the Dow Jones with a divisor calculated tomaintain historical continuity.A Realistic and Valuable Bond and Stock PortfolioWe want to build a portfolio that is a combination of assets in order to manage the risk and returnof the entire portfolio. In general, we want to maximize the return while minimizing the

Conference Session

Curricula Innovations in Engineering Economics

Collection

2015 ASEE Annual Conference & Exposition

Authors

Gloria Margarita Fragoso-Diaz, Tarleton State University; Billy Gray, Tarleton State University; Erick Jones, University of Texas, Arlington

Tagged Divisions

Engineering Economy

to students. Therefore,future research needs to be done while using cases in the classroom and more specific analysissuch using test and assignment results in the evaluation. The first step to this research wasaccomplished. We think we achieved some improvement in teaching decision analysis. Thefocus of the next step of our research is to evaluate the students’ calculations in order to evaluatehow the students performed in conjunction with how they though the performed.References 1. Anwar, S., & Ford, P. (2001). Use of a case study approach to teach engineering technology students. International journal of electrical engineering education, 38(1), 1-10. 2. Hackney, R. A., McMaster, T., & Harris, A. (2003). Using cases as a

Conference Session

Engineering Economics Teaching Tools

Collection

2015 ASEE Annual Conference & Exposition

Authors

Shervin Zoghi, California State University, Fresno

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

26.620.6thinking in terms of groups rather than of individuals.” By understanding and implementing theoutcomes, framework, and tools for actively teaching engineering economics, future engineerscan continue evolving as problem solvers and innovators.References1. Lavelle , J., K. Needy, H. Umphred .”Engineering Economy: A Follow-up Analysis of Current Teaching Practices.” ASEE Annual Conference Proceedings, 1997, Session 1239.2. Johnson, D., R. Johnson, and K. Smith , “Maximizing Instruction Through Cooperative Learning,” ASEE Prism, February 1998, pp. 24-29.3. O’Conner, John. Turning Average Instruction Into Great Instruction. R&L Publication, 2009.4. Bloom, B. S.; Engelhard, M. D.; Furst, E. J.; Hill, W. H.; Krathwohl, D. R. Taxonomy

Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Simon Thomas Ghanat P.E., The Citadel; Kenneth Brannan, The Citadel; Ronald W. Welch, The Citadel; Kevin C Bower P.E., The Citadel

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

, learning activities, assessments, and student learning styles resulted in a moderate-to-strong positive correlation between students’  self  perception  and  direct  assessments  of  the  learning  objectives.    Based on the results of our study and studies done in literature by Felder, we highly recommendthat any educators teaching summer courses should consider using our approach as a modelwhen designing their own courses.Bibliography1. Ressler, S.J., Welch, R.W., and Meyer, K..F.,  “Organizing  and  Delivering  Classroom  Instruction,”  Teaching  Lessons Learned. Journal of Professional Issues in Engineering Education and Practice, ASCE 130 (3), pp. 103-120,July 2004.2. Estes, A. C., Welch, R. W., and Ressler, S. J., “Teaching

Conference Session

Curricula Innovations in Engineering Economics

Collection

2015 ASEE Annual Conference & Exposition

Authors

Paul J. Kauffmann P.E., East Carolina University; Joseph Wilck, East Carolina University; Paul C. Lynch, Pennsylvania State University, University Park

Tagged Divisions

Engineering Economy

, Joseph and Paul Kauffmann. “Relationship of Final Grade and Use of Online Course Materials for an Engineering Economics Course.” Proceedings of the American Society for Engineering Education Annual Conference, June 2014.5. Wilck, Joseph and Paul Kauffmann. “A Comparative Review of Two Engineering Economics Sections: One Traditional and One Online.” Proceedings of the American Society for Engineering Education Annual Conference, June 2013.6. Stump, Glenda S., Jenefer Husman, and Marci Corby. Engineering Students’ Intelligence Beliefs and Learning. Journal of Engineering Education, July 2014, Vol. 103, No. 3, pp. 369–387.7. Dweck, C. S. and D. C. Molden. Self-theories: Their impact on competence motivation and acquisition. In A. J

Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Zia A. Yamayee, University of Portland; Mojtaba B. Takallou P.E., University of Portland; Robert J. Albright P.E., University of Portland

Tagged Divisions

Engineering Economy

changes that follow from the process. We assessStudent Outcomes on a two-year rotating schedule. Althoughsome assessment activities are conducted every year, each group ofoutcomes receives primary attention during alternating years.Not all courses in the curriculum are involved in course-embeddedassessment. The choice of courses is guided by the followingprinciples:  Each Student Outcome will be assessed with student work in a course(s) termed “benchmark course(s).”  Only required (not elective) courses in the program curriculum will be selected as benchmark courses.  Although a benchmark course will likely address multiple Student Outcomes, typically one or two of its learning outcomes will be designated

Conference Session

Engineering Economics Teaching Tools

Collection

2015 ASEE Annual Conference & Exposition

Authors

Jerome P. Lavelle, North Carolina State University; Matthew T. Stimpson, North Carolina State University; E. Downey Brill, North Carolina State University

Tagged Divisions

Engineering Economy

. (2004). Does active learning work? A review of the research. Journal of Engineering Education, 93(3), 223-231. 6. Bishop, J. L., & Verleger, M. A. (2013, June). The flipped classroom: A survey of the research. In ASEE National Conference Proceedings, Atlanta, GA. 7. Mason, G. S., Shuman, T. R., & Cook, K. E. (2013). Comparing the effectiveness of an inverted classroom to a traditional classroom in an upper-division engineering course. Education, IEEE Transactions on, 56(4), 430-435. 8. Bland, L. (2006). Apply flip/inverted classroom model in electrical engineering to establish life long learning. Proceedings of ASEE Annual Conference, Chicago, IL, AC2006-856. 9. Roehl, A

Conference Session

Engineering Economics Teaching Tools

Collection

2015 ASEE Annual Conference & Exposition

Authors

Kailash M. Bafna, Western Michigan University

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

placed inthe Dropbox. Each item to be submitted is placed as a unique item in the Dropbox and isreleased to the students on a pre-specified date and time. The completed file must be submittedby the student at another time on the same date or any other date. The testing/instruction file(s)to be released are posted in the Dropbox and, upon completion of the item, the students submit itback to the Dropbox. I use this feature for two different types of evaluations. During thesemester, I give three one-question quizzes (20 minutes each) and three four-question exams (50minutes each). Since my class meets in a room equipped with computer workstations, thesequizzes and exams are taken during the class meeting. Upon completion, I upload all the

Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Oscar M. Bonilla, Baruch College of the City University of New York; Donald N. Merino P.E., Stevens Institute of Technology (SES)

Tagged Divisions

Engineering Economy

Business case is acceptable to owner(s) Project proceeds to implementation Phase II. Project Implementation 1. Manufacturer / Assemble parts / Components / Systems 2. Deployment/Installation of system

Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Paul C. Lynch, Pennsylvania State University, University Park; Cynthia Bober, Penn State University; Joseph Wilck, East Carolina University

Tagged Divisions

Engineering Economy

the engineering economy coursedid a good job of teaching them how to plan for retirement.The breakdown of the economics courses taken by the 105 students responding was: 52microeconomics, 31 macroeconomics, and 22 both micro and macroeconomics. All 105 studentssaid that the engineering economy course was more valuable than the economics course(s) theypreviously completed. In fact, 93.3% of the students (98 out of 105) felt as though every student(non-engineering and engineering) should take a course like this engineering economy course.Over 87% of the students (92 out of 105) said they felt as though a course like the engineeringeconomy course would be a good course to offer as a General Education (Social and BehavioralSciences at Penn State

Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Hector E. Medina, Liberty University; Kyle Michael Ceffaratti, Liberty University

Tagged Divisions

Engineering Economy

Burmank, Visual Literacy: Learn to See, See to Learn. Association for Supervision and CurriculumDevelopment, ISBN 0871206404, p. 115, 2002 .5 H David, C Carr, and H Yueh, Computers as Mindtools for Engaging Learners in Critical Thinking. TechTrends43(2), pp. 24-32, 1998.6 D Jonassen and B Grabowski, Handbook of Individual Differences, Learning and Instruction, Lawrence Erlbaum, Page 26.1193.10 Hillsdale, NJ, 1993.7 R Felder and L Silverman, Learning and Teaching Styles in Engineering Education, Engineering Education, 78(7), 674-681, 1988.8 S Montgomery, Addressing Diverse Learning Styles Through the Use of Multimedia

Conference Session

Curricula Innovations in Engineering Economics

Collection

2015 ASEE Annual Conference & Exposition

Authors

Letitia M. Pohl, University of Arkansas; Shelly Walters, University of Arkansas

Tagged Divisions

Engineering Economy

. Guo, J. Kim, and R. Rubin, “How video production affects student engagement: An empirical study of MOOC videos,” in Proceedings of the first ACM Conference on Learning at Scale, Atlanta, GA, March 2014.6. Maryland Online, Inc., “Quality Matters Rubric Standards, Fifth Edition, 2014,” Maryland Online, Inc, Annapolis, MD, 2014.7. R.E. Mayer, Multimedia Learning, Cambridge University Press, New York, 2001.8. S. Veronikas, and M.F. Shaughnessy, “An interview with Richard Mayer,” Educational Psychology Review. vol. 17, no. 2, Jun 2005.9. J.A. Day, “Investigating Learning with Web Lectures,” Ph.D. Dissertation, Georgia Institute of Technology, May 2008