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Course Strategy: Executing High-Enrollment Engineering Economics Online

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Conference

2021 ASEE Virtual Annual Conference Content Access

Location

Virtual Conference

Publication Date

July 26, 2021

Start Date

July 26, 2021

End Date

July 19, 2022

Conference Session

Engineering Economy Course Strategy Panel Session

Tagged Division

Engineering Economy

Page Count

4

DOI

10.18260/1-2--36852

Permanent URL

https://peer.asee.org/36852

Download Count

74

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Paper Authors

biography

Kellie Grasman Missouri University of Science and Technology

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Kellie Grasman serves as an instructor in Engineering Management and Systems Engineering at Missouri University of Science and Technology. She holds graduate degrees in engineering and business administration from the University of Michigan, and began teaching in 2001 after spending several years in industry positions. She was named the 2011-2012 Robert B. Koplar Professor of Engineering Management for her achievements in online learning. She serves as an eMentor for the University of Missouri System and earned a Faculty Achievement Award for teaching.

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Abstract

Instructional Environment This course strategy relates to a two credit undergraduate engineering economics course required for mechanical and other engineering majors. The course is managed by a sole instructor, and is regularly offered each fall and winter semester, as well as an abbreviated summer semester. Typical enrollments of 300 students each semester in fall and winter, and 50 students each summer are expected.

Delivery Method The fully online course is delivered through the campus learning management system with author-generated and publisher-provided learning resources integrated directly into the learning management system.

Approach to Instruction and Technology The online course is organized into modules by topic, with one module presented each week of the standard 14 week semester. Each module offers a structured learning path to guide the student progressively through the learning resources provided.

Topics Covered Specific learning objectives are associated with each module. General module topics include: interest & cash flows, time value of money calculations for various cash flow patterns, compounding and effective interest rates, personal finance, present worth, future worth, annual worth, payback period, discounted payback period, capitalized worth, benefit cost ratio, rate of return, depreciation, corporate taxes, inflation, break even, sensitivity analysis, and risk.

Assessment Overall course grades are determined by weighted categories, with Reading Review (5%), Practice (15%), Homework (30%), and Exams (50%).

Lessons Learned Learning from the experts in the areas of teaching and technology, and listening to the student perspective, have proven invaluable in this journey to online.

Grasman, K. (2021, July), Course Strategy: Executing High-Enrollment Engineering Economics Online Paper presented at 2021 ASEE Virtual Annual Conference Content Access, Virtual Conference. 10.18260/1-2--36852

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