Fundamentals of Engineering Examination
Engineering Economy
Overview
The process of licensing engineering practitioners is
a legal activity governed by the
laws of each state.
Registration is a two stage process. The first step is to
pass the Fundamentals of Engineering (FE) exam (in the past usually called the
Engineer in Training --EIT-- exam). The second step involves passing the
Principles and Practice examination.
In Iowa, the examination is organized by The Iowa
Engineering and Land Surveying Examining Board, who in turn have appointed PCS
to coordinate the examination. Further details can be found at
http://www.pcshq.com
The FE examination consists of 180 questions, each being
multiple choice with four possible answers. Of these, there are 120 questions in
the exam taken in the morning, leaving 60 for the afternoon exam. The morning
exam includes 5 questions on Engineering Economy.
Engineering Economy Exam Questions
To review the work on Engineering Economy, it is best to
purchase, or borrow, a copy of an Engineering Economy text (see below) and then to
work through the following presentation (developed by
Professor John Lee):