Course Strategy: Executing High-Enrollment Engineering Economics Online
- Conference
- Location
-
Virtual Conference
- Publication Date
-
July 26, 2021
- Start Date
-
July 26, 2021
- End Date
-
July 19, 2022
- Conference Session
- Tagged Division
-
Engineering Economy
- Page Count
-
4
- DOI
-
10.18260/1-2--36852
- Permanent URL
-
https://peer.asee.org/36852
- Download Count
-
359
Paper Authors
Kellie Grasman Missouri University of Science and Technology
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.
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
ASEE holds the copyright on this document. It may be read by the public free of charge. Authors may archive their work on personal websites or in institutional repositories with the following citation: © 2021 American Society for Engineering Education. Other scholars may excerpt or quote from these materials with the same citation. When excerpting or quoting from Conference Proceedings, authors should, in addition to noting the ASEE copyright, list all the original authors and their institutions and name the host city of the conference. - Last updated April 1, 2015