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

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy Division (EED)

received ASEE’s biannual National Engineering Economy Teaching Excellence Award. ©American Society for Engineering Education, 2023 Diversity and Equity as Part of Personal Decision-MakingAbstractDiversity, equity, and inclusion can be difficult to incorporate into an engineering economycourse. There are financial products and services where diversity and demographics are directlylinked with personal financing decisions and economic equity. For example, engineeringeconomy courses can cover useful qualitative perspectives for life, vehicle, and medicalinsurance. Engineering economy courses traditionally cover saving for retirement. This paperextends this to include explicit consideration of career length

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)

qualitativefactors that often drive decisions [17]. Let that analysis start in mid- to late-career when more isknown.The Language of Social Security and Designing the Case StudyCommunicating about social security relies heavily on key concepts and the acronyms used todescribe them. The starting point is Average Indexed Monthly Earnings (AIME), which is theaverage of an individual's highest 35 years of earnings, adjusted for wage inflation. The AIME isused to determine the Primary Insurance Amount (PIA), which is the monthly benefit anindividual will receive if they start benefits at their normal retirement age (NRA). The NRA is 67for those born after 1960. Until recently the NRA was labeled as the full retirement age (FRA).The Average Wage Index (AWI) is

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)

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy Division (EED)

students. Itwill then be taught in Spring 2024 to the remaining ~400 engineering juniors. Feedback will begathered after the pilot and again after the full-scale instruction in order to tweak any issues thatmay remain. In addition to the two goals set out by the faculty at large of having the seniors passthe Engineering Economics portion of their FE and having more cohesive project managementwithin their Capstone teams, it is also the goal of the instructors of the course to have studentsappreciate the lessons of both and see the value in understanding that finances and teamcohesivity are critical factors in the success of engineering projects in their future careers.

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

Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2023 ASEE Annual Conference & Exposition

Authors

Robert P. Leland, Oral Roberts University

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy Division (EED)

course exposes a large percentage ofengineering students to actual business activity, and does so in a way that engages them inmaking a positive impact, addressing ABET outcome 2: an ability to apply engineering design toproduce solutions that meet specified needs with consideration of public health, safety, andwelfare, as well as global, cultural, social, environmental, and economic factors [14]. Trainingin microfinance also prepares graduates to address NSPE Code of Ethics item III.2.a Engineersare encouraged to participate in civic affairs; career guidance for youths; and work for theadvancement of the safety, health, and well-being of their community [15]. In a broader sense,the perception of engineers as making the world a better place is