Engineering economics as a general education course to expand quantitative and financial literacy

Joseph Wilck IV, Paul C. Lynch, Paul J. Kauffmann

Research output: Contribution to conferencePaperpeer-review

7 Scopus citations

Abstract

This paper presents the case for why engineering economics should be a commonly accepted general education course. Currently, most engineering courses are not considered appropriate for the general education of a college or university student. In the past an engineering economics course focused primarily on financial mathematics; however, the modern engineering economics course centers on financial decision making in addition to financial mathematics. These topics are applicable, if not mandatory, for students pursuing interests in engineering, law, product development, public service, entrepreneurship, marketing, business, finance, political science, sociology, government, and ethics. This issue is timely because schools at various levels (e.g., K-12, community colleges, and universities) are including the concepts of quantitative and financial literacy into their required curricula, with some being required by state law.

Original languageEnglish (US)
StatePublished - Jan 1 2014
Event121st ASEE Annual Conference and Exposition: 360 Degrees of Engineering Education - Indianapolis, IN, United States
Duration: Jun 15 2014Jun 18 2014

Other

Other121st ASEE Annual Conference and Exposition: 360 Degrees of Engineering Education
CountryUnited States
CityIndianapolis, IN
Period6/15/146/18/14

All Science Journal Classification (ASJC) codes

  • Engineering(all)

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