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

literature search.Literature SearchPrevious papers 4, 5 explored broad areas of best practices in teaching characteristics and distanceeducation effectiveness. To build on this past work and more fully address the focus of thispaper, literature in the area of student perception and learning was explored. There is asignificant body of literature involving the combined areas of teaching method effectiveness,how that relates to intelligence beliefs (e.g. survey responses) and actual learning. The following Page 26.378.2paragraphs provide an overview of this work.Several studies we found had particular application to our work and addressed the

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

students to the very important reality of what expectedreturns are realistic and what risks are likely to accompany those returns. It also introduces asecond very important reality in economic decision-making—neither maximizing expectedreturns nor minimizing risks may be the best approach.The next step is presenting the model of risk and return from a portfolio based on twosecurities—bonds and stocks. This clearly shows the value of diversification, and the theory asrepresented in the underlying equations. This simple diagram is easy to present and understand,and an easy way to say why your investments should not be in one type of security—or evenworse in one stock, such as your employer’s.When time permits we find that this is a good place to