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Work in Progress – An Engineering Economy Concept Inventory

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2017 ASEE Annual Conference & Exposition


Columbus, Ohio

Publication Date

June 24, 2017

Start Date

June 24, 2017

End Date

June 28, 2017

Conference Session

Engineering Economy Division Technical Session 2

Tagged Division

Engineering Economy

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Paper Authors


Karen M. Bursic University of Pittsburgh

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Associate Professor and Undergraduate Program Director for Industrial Engineering at the University of Pittsburgh. She received her B.S., M.S., and Ph.D. degrees in Industrial Engineering from the University of Pittsburgh. Prior to joining the department she worked as a Senior Consultant for Ernst and Young and as an Industrial Engineer for General Motors Corporation. She teaches undergraduate courses in engineering economics, engineering management, and probability and statistics in Industrial Engineering as well as engineering computing in the freshman engineering program. Dr. Bursic’s recent research has focused on improving Engineering Education and she has 20 years’ experience and over 20 publications in this area. She has also done research and published work in the areas of Engineering and Project Management. She is a senior member of the Institute of Industrial Engineers and the American Society for Engineering Education (where she has served as Chair of the Engineering Economy Division) and a registered Professional Engineer in the state of Pennsylvania.

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This paper will discuss work in progress on the Engineering Economy Concept Inventory (EECI). The EECI can be used to assess the learning in any introductory engineering economy course. It has become increasingly more important that we effectively assess the value of the various teaching pedagogies that have been introduced in our engineering classrooms. Many studies have been able to show clear increases in student engagement and improvements in the engineering classroom environment as a result of new and innovative teaching methods. However, demonstrating a significant increase in learning of course concepts is not as easy to do since reliable and valid tools for assessing learning are not readily available for many curriculum areas. While there are a number of concept inventories available for a variety of engineering topics including statics and dynamics, heat and energy, signals and systems as well as statistics, we are not aware of any for engineering economy. The EECI was originally developed in 2009 for use in assessing the effectiveness of model-eliciting activities in the classroom. It has since been revised and reformulated a number of times. In the fall of 2015 it was given to two large sections of an engineering economy class both at the beginning and end of the course. The EECI was presented at a professional conference in the summer of 2016 and revised based on an analysis of the results of the 2015 implementation as well as input from engineering economy educators. It was again given to two large sections of the engineering economy class in the fall of 2016 and these results will be analyzed to determine the reliability and validity of the EECI for assessing learning in engineering economy. In this paper we will discuss these results and plans for further study and distribution of the inventory.

Bursic, K. M. (2017, June), Work in Progress – An Engineering Economy Concept Inventory Paper presented at 2017 ASEE Annual Conference & Exposition, Columbus, Ohio. 10.18260/1-2--29138

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