F.E. Problem Presentations and Peer Assessment

CEE 300: F.E. Problem Presentations and Peer Assessment

Background: The F.E. Exam includes a series of topics related to Engineering Economics that you will encounter on the test. As aspiring engineers, the F.E. Exam is the first step towards obtaining a Professional Engineering (P.E.) license. The goal of this assignment is twofold:

-to help you prepare for the Economics portion of the F.E. Exam by solving problems covering various topics

-to help you improve your communication skills by conveying the concept & solutions to economics problems & assessing your peers

 Phase I

For this part of the assignment, you will need to form groups of 3 to solve one of the problems listed below, and present them in class on the white boards. There will be 3 groups presenting simultaneously on separate white boards.

Ideally, each group will solve a different type of problem (subtopic) listed below so that all subtopics are covered. However, a few groups may be solving the same type of problem due to the number of F.E. Economics subtopics.

Members of the Instructional Team will give you suggestions and feedback to help improve the delivery of the problem presentations for the next phase of the assignment.

Phase I will account for 20% of your grade for this assignment. You will receive full credit for participating in this portion of the assignment. However, you will be expected to incorporate the feedback you receive in class for Phase II of the assignment.

Assignment Tip: While presenting your solved problem, explain the concept behind the problem – then solve it.

Phase II

The next phase of the assignment will require you to turn your live in-class problem presentations into a digital video format using LiveStream or any other software that will permit playback in CritViz. Each student in your group should complete their own presentation. The videos should be 5 minutes long (max).

Phase II will account for 80% of your grade for this assignment. You will be graded on the clarity & effectiveness of your videos. Convey the concepts demonstrated in the economics problems so that people watching them can learn. The most effective videos (as judged by your peers on CritViz) will receive a 50 XP bonus and be invited to a FE Review playlist on YouTube.  (No student videos will be posted to YouTube without permission.  The XP bonus will be awarded to the top ranked videos, regardless of whether this permission is granted).

Economics F.E. Review Topics

Interest of Equivalence:

Interest (rule of 72): Question via Quadbase.org

Interest (real, nominal, effective): Work Book Problems – Page 9 (bottom)

Compounding Periods: Question 29 from FE 300 Practice Problems

5-Step Algorithm (Cash flow, point in time, move $, Balance, Solve): Question 30 from the FE 300 Practice Problems

Choosing Alternatives:

Present Worth: Question 31 from the FE 300 Practice Problems

IRR: Question 8 from the Spring 2013 Final Exam

Annualized Equivalent Costs: Question 28 from the FE 300 Practice Problems

Simple Payback: Page One (top) of the Work Book Problems; Page 5 (bottom)  of the Work Book Problems

Cost Breakeven Point: Question 27 from the FE 300 Practice Problems

Taxes, Inflation, Depreciation:

Straight-line Depreciation: Question 12 from Spring 2013 Final Exam

Inflation: Spring 2013 Midterm Exam Question – Page 2 (middle)

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