ERIC Number: EJ1332406
Record Type: Journal
Publication Date: 2022-Apr
Pages: 8
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0021-9584
EISSN: N/A
Incorporating Cost-Benefit Analysis and Business Databases as Part of an Interdisciplinary Course on Energy Resources
Journal of Chemical Education, v99 n4 p1808-1815 Apr 2022
In order to fully appreciate the interdisciplinary nature of energy resources, there is a need to understand pertinent issues from other viewpoints besides a purely chemistry perspective. In this paper, the teaching of cost-benefit analysis (CBA) and business databases as part of CM4282: Energy Resources at the Department of Chemistry, National University of Singapore (NUS), is described. For teaching of CBA, in two 1h sessions, topics such as net present value (NPV), internal rate of return (IRR), discount rate, payback period, and sensitivity analysis were introduced in the context of capital budgeting. With collaboration from NUS libraries, in another 1h session, students were instructed on searching business databases for conducting strength, weakness, opportunities, and threats (SWOT) analysis as part of their end-of-semester group presentation. Exposure to CBA and business databases enables chemistry majors in CM4282 to understand energy resources in an interdisciplinary light and enables the application of classroom knowledge to real-life scenarios in energy resources.
Descriptors: Cost Effectiveness, Energy, Interdisciplinary Approach, Chemistry, Business, Databases, Departments, Universities, Budgeting, Majors (Students), Research Libraries, Foreign Countries, Business Administration Education, Groups, Undergraduate Students, Science Education
Division of Chemical Education, Inc. and ACS Publications Division of the American Chemical Society. 1155 Sixteenth Street NW, Washington, DC 20036. Tel: 800-227-5558; Tel: 202-872-4600; e-mail: eic@jce.acs.org; Web site: http://pubs.acs.org/jchemeduc
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Singapore
Grant or Contract Numbers: N/A