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)

topics and over the decades there have been changes to what facultyconsider important. As such, Stevens Institute of Technology recently modified its curriculumfrom a 4 credit engineering economics course to a 2 credit engineering economics course, whichmust also instruct Project Management. This new 2 credit course will be taught for the first timein the 23-24 academic year. This article discusses the modifications undertaken to make this newcourse a reality.Background – Engineering EconomicsEngineering Economics has been part of the Fundamentals of Engineering Exam, the precursorto the Professional Engineers Exam, for decades and currently comprises between 3 to 12questions on the exam (NCEES for current information and Lavelle for historical

Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2023 ASEE Annual Conference & Exposition

Authors

Huseyin Sarper, Old Dominion University; Nebojsa I Jaksic P.E., Colorado State University - Pueblo

Tagged Divisions

Engineering Economy Division (EED)

), the M.S. in industrial engineering (1992), and the Ph.D. in industrial engineering from The Ohio State University (2000). Currently, he is a Professor at Colorado State University-Pueblo. Dr. Jaksic has over 100 publications and holds two patents. His interests include robotics, automation, and nanotechnology. He is a licensed PE in the State of Colorado, a member of ASEE, and a senior member of IEEE and SME. ©American Society for Engineering Education, 2023 Investment Exercise for First-Year Engineering StudentsAbstractThis paper describes a long running individual student project aimed to teach basic engineeringeconomy concepts to the first-year engineering students. Engineering

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)

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

Collection

2023 ASEE Annual Conference & Exposition

Authors

Neal A Lewis, University of Nebraska - Lincoln; Jena Shafai Asgarpoor, University of Nebraska - Lincoln; Ipek Bozkurt

Tagged Divisions

Engineering Economy Division (EED)

changesnor do they recommend additional CIP codes. [12]Action Items in ProcessSuccessful completion of this project will require time, patience, and strategy. Our research hasmade it apparent that the Federal agencies are not used to dealing with faculty members. As anexample, in our correspondences, the current NCES Survey Director for CIP codes wrote, “SinceI have been involved the with CIP (2007), no one has expressed concern over EngineerManagement being included in Series 15” [7]. Neither are we, as faculty, accustomed tointeracting with NCES.The following is a list of action items that we believe are necessary to see this project to asuccessful completion.Desired OutcomeThe goal of this initiative is to reverse the CIP 2000 decision and return

Conference Session

Engineering Economy Division (EED) Technical Session

Collection

2023 ASEE Annual Conference & Exposition

Authors

Ming Li, Beijing Foreign Studies University; Min Zhao, Graduate School of Education, Beijing Foreign Studies University

Tagged Divisions

Engineering Economy Division (EED)

teachers always are expert in theirfields, can develop research projects, and can design courses based on knowledge inthe subject area. However, this organizational culture is difficult to effectively satisfythe EC2000. Under the background of program accreditation, engineering teacherbegin to pay more attention to student learning outcome at the program level.Teachers must work together as a team more than ever. A successful program willhelp shape an inclusive and equitable environment. In small programs, teachers canwork as a whole. In larger programs, the dialogue between teachers will becomeincreasingly complex. However, with sufficient and diverse teacher participation,guided by an evaluation committee, this dialogue can be effective and have

Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2023 ASEE Annual Conference & Exposition

Authors

Daniel B. Oerther, Missouri University of Science and Technology

Tagged Divisions

Engineering Economy Division (EED)

engineers toexpand professional practice into areas such as financial instruments – like insurance or bonds –that may be leveraged to offer a layer of financial security to support increased risks in physicalsecurity [8]. Similarly, environmental engineers who work on humanitarian projects such asimproving access to drinking water and sanitation in developing countries benefit from animproved understanding of return on investment as they partner with communities who need tomake difficult decisions about the types of infrastructure that should be selected to supportcommunity health [9].Lessons learnedThe lessons learned through this study include: 1) integrating economics into the environmentalengineering classroom provides an authentic context to

Conference Session

Engineering Economy Division (EED) Technical Session

Collection

2023 ASEE Annual Conference & Exposition

Authors

Robert A. Baffour, University of Georgia; Nathaniel Hunsu, University of Georgia; Eliza A Banu, University of Georgia; Adel W. Al Weshah, University of Georgia; Barbara Norton McCord P.E., University of Georgia; Marguerite Carol Brickman, University of Georgia

Tagged Divisions

Engineering Economy Division (EED)

-assessment, such as offering extra credit orincorporating self-assessment results into the overall grading scheme as used in this study.A we continue to work on this topic, the following future works are in the pipeline: 1) investigatehow different teaching approaches affect self-assessment accuracy, 2) investigate the effect of self-assessment on overall performance, and 3) analyze how different groups of students (such as poorand good students) assess themselves.AcknowledgementsThis project is based upon work supported by the National Science Foundation under Grant No.DUE 1821023. Any opinions, findings, and conclusions or recommendations expressed in thismaterial are those of the author(s) and do not necessarily reflect the views of the