Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2023 ASEE Annual Conference & Exposition

Authors

Kate D. Abel, Stevens Institute of Technology (School of Engineering and Science)

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Diversity

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Engineering Economy Division (EED)

. Thiscommittee was formed in the spring of 2022. A few virtual meetings occurred in the spring of2022 during which time the members were advised and discussed the upcoming overarching tasksand goals.Over the summer of 2022, each committee member was individually tasked with providing a 1-2page write up of what topics they felt should be covered in the new course and the justification foreach topic, keeping in mind the new constraints of time per week and credit hours. Each committeemember did this individually without contribution from other members in order to not bias anyone.Prior to the fall semester, the committee chair combined the contributions of each committeemember into one document. Although no comments were disregarded in the initial

Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2023 ASEE Annual Conference & Exposition

Authors

Robert P. Leland, Oral Roberts University

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Diversity

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Engineering Economy Division (EED)

demonstrated as a way to combat poverty and elevate the status of women byMuhammed Yunus and the Grameen Bank. Yunus was awarded the Nobel Prize for his efforts.Since then a large number of microfinance organizations have arisen. More recently, internetbased microfinance has broadened the participation of both borrowers, who may live in remoteareas, and lenders, who may now be private individuals, investing through organizations such asKiva or Zidisha.History of MicrofinanceMicrofinance was practiced as early as 1720 as a means to alleviate poverty in Ireland, includingbefore and after the famine [1]. Microfinance proliferated after the success of the Grameen Bankin Bangladesh. Started as a project in 1976 by Yunus, the Grameen bank has grown to

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

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Diversity

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Engineering Economy Division (EED)

typically include some level of personal finance rangingfrom loans and savings up to complexities of investing for retirement, insurance, social security,stocks and bonds, and annuities. Class testing has demonstrated that students have a keen interestin personal finance examples [1].In earlier work [2] and again here, we assert that with the opportunity to teach engineeringeconomy students about retirement planning comes with the responsibility to do so. Engineerswho fail to plan and invest for retirement will face additional challenges when it comes to theethical challenges of engineering practice.This paper is an introductory case study of how FICA taxes and social security benefits can bedetermined and linked together to calculate an internal

Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2024 ASEE Annual Conference & Exposition

Authors

Tamara R. Etmannski, University of British Columbia

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Diversity

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Engineering Economy Division (EED)

learning, team-projects and writing-based assignments, with special focus on learning through real-world applications ©American Society for Engineering Education, 2024 Creation of Open-Source Course Materials for Engineering Economics Course with Help from a Team of Students - Lessons Learned Tamara R. Etmannski Assistant Professor of Teaching, Department of Civil Engineering, The University of British Columbia, Vancouver, BC, Canada tamara.etmannski@ubc.ca1. IntroductionIn accordance with program accreditation prerequisites [1], engineering students across Canadaare mandated to undertake an Engineering

Conference Session

Engineering Economy Division (EED) Technical Session

Collection

2023 ASEE Annual Conference & Exposition

Authors

Neal A. Lewis, University of Nebraska - Lincoln; Ted Eschenbach, TGE Consulting

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Diversity

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Engineering Economy Division (EED)

soon after entering theworkplace, if they haven’t already. Students need to understand how they compare to the“average” that is used to determine costs and benefits. Very often these averages are the basis forpublished advice on what choices should be made and for marketing materials for products andservices.IntroductionEngineering economy is often the only engineering course dealing with money. Nearly every textand course include some level of personal finance, as well they should. Class testing of materialhas demonstrated that students have a keen interest in personal finance examples because theycan identify with the topics [1]. Those topics include loans, investing for retirement, insurance,social security, stocks and bonds, and

Conference Session

AI Integration in Engineering Economy Course

Collection

2025 ASEE Annual Conference & Exposition

Authors

Hamed Samandari, University of Massachusetts Dartmouth

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Diversity

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Engineering Economy Division (EED)

, ensuring that students are equipped with the skills necessary to thrivein an AI-driven world. This growing integration of AI tools into curricula promises to driveinnovation in teaching methods, assessment, and the broader educational ecosystem, preparingfuture engineers to navigate and contribute to an AI-powered landscape.Recent studies highlight the growing integration of Artificial Intelligence (AI) tools inengineering education, reflecting both their potential and challenges. For instance, Subramanianand Vidalis [1] explore AI-powered tools, including generative models like ChatGPT, thatfacilitate interactive, personalized learning experiences in engineering classrooms shortly afterthey are becoming readily available to the public. They

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

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Diversity

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Engineering Economy Division (EED)

revealed strong student perceptions of the chatbot’srole in fostering critical thinking and clarifying professional obligations. These results suggest that AI-supported tools, when thoughtfully designed and aligned with instructional goals, can enhance ethicseducation in engineering. Future work will explore refining chatbot interaction styles, expandingcurricular integration, and adapting implementations across varied learning environments to supportbroader development of ethical decision-making skills.1. IntroductionEngineering Ethics and Engineering EconomyThe importance of ethical decision-making in engineering practice is widely recognized and reinforcedthrough professional standards, accreditation criteria, and licensure examinations