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Session 1139

Teaching Engineering Economics for the First Time

Kawintorn Pothanun and William R. Peterson

Department of Engineering Management and Systems Engineering Old Dominion University

Abstract

There are many graduate assistants in engineering departments who are assigned to teach an Engineering Economics course at the undergraduate level as their first teaching assignment. Engineering Economics is one of the basic engineering courses in undergraduate engineering education. This course exposes the students to the fundamental concepts of Engineering Economy. Many graduate assistants will have a difficult time in preparing for the course (i.e., how to the structure the classes, what structure the exams should take, what grading policy should be used, what presentation tools and techniques should be used, and many other issues). I have found limited publications based on direct experiences in teaching Engineering Economics for the first time.

The purpose of this paper is to discuss options in teaching an undergraduate level Engineering Economics class as they apply to a novice. Graduate students who will be teaching this course for the first time may find this paper useful. This paper presents my first teaching experience (in an Engineering Economics class, and includes my structuring of material to the time available, the structure of exams, the benefits of short quizzes, a grading policy, presentation tools and techniques). This paper presents the benefits that I gained during this teaching experience. Recommendations are made for using the teaching of Engineering Economics by graduate students as a component of their preparation for the professorate.

Introduction

New educators (i.e., graduate assistants) in the field of Engineering Economics are often unfamiliar with the Engineering Economy body of knowledge, as they may not have any direct experience or they may have been exposed to the field in a different environment 1. While it is uncommon for graduate assistants to not have taken the course that they teach, this unfamiliarity may be more prevalent in Engineering Economy due to the variety of subject matter taught, the perception by many that anyone can teach a basic engineering

Proceedings of the 2004 American Society for Engineering Education Annual Conference & Exposition Copyright © 2004, American Society for Engineering Education

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Pothanun, K., & Peterson, W. (2004, June), Teaching Engineering Economics For The First Time Paper presented at 2004 Annual Conference, Salt Lake City, Utah. 10.18260/1-2--13359