A Look Into The Engineering Economy Education Literature

Approximately ten years ago a two-part survey of how engineering economy was taught in U.S. universities was conducted. This survey, conducted in 1995 and 1997, collected data from engineering economy instructors and investigated: 1) the faculty that teach it, 2) the course content and mechanics itself, and 3) the students that take the course. We are currently embarking on a follow-up data collection effort to conduct a longitudinal analysis of this prior study. This survey paper presents a review of the most relevant literature published since this survey. The pedagogy highlighted in this paper includes problems with current teaching methods, modern technological advances in the engineering economy classroom, and new approaches to enhance the classroom experience. These findings support our long term goal of improving engineering economy pedagogy by increasing visibility, enhancing instructor knowledge, and influencing external stakeholders such as textbooks writers and funding agencies.