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Award-Winning Engineering Economics Tutors

Kuot

Certified Tutor

2+ years

Kuot

Doctorate (PhD)
Kuot's other Tutor Subjects
Microeconomics
College Economics
Engineering Economics

Personal and Tutoring Statement As a tutor, I am committed to creating an engaging and supportive learning environment that fosters curiosity and critical thinking. My teaching experience includes undergraduate courses in Principles of Macroeconomics and Engineering Economics, as well as serving as...

Education

University of Calgary

Doctorate (PhD)

Derek

Certified Tutor

Derek

Doctorate (PhD)
Derek's other Tutor Subjects
Middle School Math
High School Chemistry
High School English
Finance

A PhD in Curriculum Design might not scream engineering economics, but Derek's strength is in how he structures complex problem-solving sequences — and that's exactly what students need when they're juggling cash flow diagrams, incremental rate-of-return comparisons, and equivalence calculations acr...

Education

Walden University

Doctorate (PhD)

Walden University

Master's/Graduate

University of Alberta

Bachelor

Certified Tutor

10+ years

Aaron

Current Grad Student, Mechanical Engineering
Aaron's other Tutor Subjects
Pre-Algebra
Calculus 2
Calculus
Algebra

I'm not tutoring or buried in my textbooks, you will either find me rock climbing at the Triangle Rock Club, playing Ultimate Frisbee, working on my car, or enjoying the great outdoors (beaches, mountains, forests--you name it, I love it). On rainy weekends I enjoy tinkering with computers and old e...

Education

The University of Texas at Dallas

Bachelors, Mechanical Engineering

Duke University

Current Grad Student, Mechanical Engineering

Test Scores
SAT
1530

Certified Tutor

6+ years

Mimi

Masters in Education, Education
Mimi's other Tutor Subjects
Middle School Math
Calculus
Algebra
Elementary School Math

I am an interdisciplinary educator with an Ed.M. from the Harvard Graduate School of Education and a B.A. from Dartmouth College. My background is primarily in integrated arts learning and museum education and I specialize in visual arts, history and art history, and object-based learning. In all su...

Education

Harvard University

Masters in Education, Education

Dartmouth College

B.A.

Test Scores
SAT
1560

Certified Tutor

10+ years

Nina

Masters in biostatistics
Nina's other Tutor Subjects
Statistics Graduate Level
Statistics
Calculus
Algebra

I am a recent graduate from a masters program in biostatistics at Columbia University. I received my Bachelor of Arts in biological sciences, with a focus in neurobiology at Northwestern University. In August, I will be starting a doctoral program in biostatistics at NYU. I was a teaching assistant ...

Education

Columbia University

Masters in biostatistics

Northwestern University

Bachelor of Arts in biological sciences (focus in neurobiology)

Columbia University in the City of New York

Current Grad Student, Biostatistics

Test Scores
SAT
1550

Certified Tutor

Reid

PHD, Education
Reid's other Tutor Subjects
Pre-Algebra
Middle School Math
Calculus
Algebra

I am a graduate of Wesleyan University, where I received my Bachelor of Arts in Sociology with High Honors. With eight years of experience working in education, I've tutored students in math, science, history, and English, as well as helped students prepare for standardized tests. I've guided adults...

Education

Harvard University

PHD, Education

Wesleyan University

Bachelor in Arts, Sociology

Test Scores
ACT
32

Certified Tutor

Charles

Bachelor of Science, Mechanical Engineering
Charles's other Tutor Subjects
AP Calculus AB
Pre-Algebra
Algebra 3/4
Trigonometry

I am a junior Mechanical Engineering major at Yale, and I hope to become a Naval Aviator after college. I am also a varsity sailor, and enjoy playing music with friends when I can get some free time. I have been tutoring my fellow students throughout my entire academic career, and I would best descr...

Education

Yale University

Bachelor of Science, Mechanical Engineering

Test Scores
SAT
1440
ACT
34

Certified Tutor

Michelle

Current Grad Student, M.D.
Michelle's other Tutor Subjects
Pre-Algebra
Pre-Calculus
Geometry
Calculus

I am proud to be a part of Varsity Tutors! I am originally from San Antonio, TX; I completed my undergraduate education at Rice University in Houston where I received a bachelor's degree in Biochemistry and Cell Biology. Currently, I am in my second year of medical school at Baylor College of Medici...

Education

Baylor College of Medicine

Current Grad Student, M.D.

Rice University

Bachelor's in Biochemistry and Cell Biology

Test Scores
SAT
1570

Certified Tutor

Liz

Masters, Special Education: Mild to Moderate Disabilities 5-12
Liz's other Tutor Subjects
Pre-Algebra
Middle School Math
Calculus
Algebra

I am a graduate of Washington University in St Louis, where I received my Bachelor of Arts in History with minors in Humanities and Anthropology. Since graduation, I have worked as a tutor, teacher, and director of tutors at a charter public middle school in Boston. During this time I also received ...

Education

Simmons College

Masters, Special Education: Mild to Moderate Disabilities 5-12

Washington University in St. Louis

Bachelor of Arts in History (minors in Humanities and Anthropology)

Test Scores
ACT
34

Certified Tutor

8+ years

Solange

Bachelor in Arts (Sociology & Women's Studies)
Solange's other Tutor Subjects
Calculus
Algebra
ACT Writing
Public Speaking

I'm Solange - a recent graduate from Harvard where I studied Sociology & Women's Studies. I've been tutoring for eight years now, and have worked with a wide range of ages and in a wide range of subjects. Some of my specialties are college prep/test taking II worked in the admissions office on campu...

Education

Harvard University

Bachelor in Arts (Sociology & Women's Studies)

Test Scores
ACT
34

Certified Tutor

Christopher

Bachelor of Science, Mechanical Engineering
Christopher's other Tutor Subjects
AP Calculus AB
College Algebra
Algebra 3/4
Trigonometry

I am a rising sophomore at Harvard College and am about to declare as a Mechanical Engineering concentrator, working towards a Bachelor of Science degree. I've always enjoyed sharing my knowledge with my peers and those around me and have done so in both formal and informal settings. I've been a tut...

Education

Harvard College

Bachelor of Science, Mechanical Engineering

Test Scores
ACT
35

Certified Tutor

9+ years

Justin

Doctor of Philosophy, Computational Mathematics
Justin's other Tutor Subjects
AP Calculus BC
AP Calculus AB
Pre-Algebra
Multivariable Calculus

I am an aspiring applied mathematician, with particular interest in image processing and climate science. I graduated in May 2017 from Washington University in St. Louis with a bachelor's in physics and mathematics, and am beginning a PhD program in September 2017 at the University of Chicago in Com...

Education

Washington University in St. Louis

Bachelor's in Physics and Mathematics

University of Chicago

Doctor of Philosophy, Computational Mathematics

Test Scores
SAT
1560
ACT
33

Certified Tutor

10+ years

Daniel

Bachelors
Daniel's other Tutor Subjects
Pre-Algebra
Middle School Math
Calculus
Algebra

I am excited to be home and help fellow straphangers on their educational paths! My largest wealth of tutoring experience is in foreign languages--particularly French--but I also feel very comfortable editing essays of any kind and working through standardized test concepts. My availability is extre...

Education

Brown University

Bachelors

Test Scores
SAT
1500

Certified Tutor

9+ years

Isabella

Current Grad Student, Operations Research
Isabella's other Tutor Subjects
Pre-Algebra
Middle School Math
Geometry
Calculus

I am a graduate of MIT. I received my Bachelor of Science in Mathematics with minors in Management Science and Ancient and Medieval Studies. Since graduation, I have started my PhD at Georgia Tech in Operations Research. Throughout my career I have TA'd several math and computer science courses at t...

Education

Massachusetts Institute of Technology

Bachelor of Science in Mathematics (minors in Management Science and Ancient and Medieval Studies)

Georgia Institute of Technology-Main Campus

Current Grad Student, Operations Research

Test Scores
SAT
1510

Certified Tutor

Elena

Masters, Biblical Studies
Elena's other Tutor Subjects
Calculus
Algebra
SSAT- Upper Level
SSAT- Middle Level

I am a graduate of McGill University (BA First Class Honors) and the University of Edinburgh (MSc First Class Honors with Distinction) with over eight years of tutoring experience. I am currently a curriculum developer for a company which creates relatable and culturally-literate courses for middle ...

Education

University of Edinburgh

Masters, Biblical Studies

Mcgill University

Bachelor in Arts, Religious Studies

Meet Varsity Tutors Experts

Connect with highly-rated educators ready to help you succeed.

Christopher

AP Calculus AB Tutor • +51 Subjects

I am a rising sophomore at Harvard College and am about to declare as a Mechanical Engineering concentrator, working towards a Bachelor of Science degree. I've always enjoyed sharing my knowledge with my peers and those around me and have done so in both formal and informal settings. I've been a tutor for both Math and Spanish programs in high school and enjoyed the strides I made with students. I am willing to tutor any subject I have a background in, but am strong in mathematics, the sciences, Spanish, history, writing, and ACT prep. I enjoy teaching mathematics most due to the joy I can see in children once they master a topic and can answer even pointed questions meant to stump them, and maybe even put their knowledge to real world use. As a tutor, I like to give a strong foundation to orient my student, and then gradually grant them more freedom and independence until they can feel themselves grasp the concept, pointing out pitfalls or common errors along the way; teachers who used these methods on me always left the most lasting impressions. Outside of my studies, I really enjoy listening to music, both old favorites and new interests, reading classics, and gaming/playing basketball with my friends. Hobbies: writing, art, books, reading, gardening, music

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Justin

AP Calculus BC Tutor • +48 Subjects

I am an aspiring applied mathematician, with particular interest in image processing and climate science. I graduated in May 2017 from Washington University in St. Louis with a bachelor's in physics and mathematics, and am beginning a PhD program in September 2017 at the University of Chicago in Computational and Applied Mathematics. I've tutored introductory physics students for three years and enjoyed it thoroughly, as a chance to help other students while revisiting fundamental concepts to enhance my own knowledge. I'm eager to continue reaching out and helping students of math and physics to succeed and, furthermore, to appreciate the beauty and power of these subjects.

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Daniel

Pre-Algebra Tutor • +26 Subjects

I am excited to be home and help fellow straphangers on their educational paths! My largest wealth of tutoring experience is in foreign languages--particularly French--but I also feel very comfortable editing essays of any kind and working through standardized test concepts. My availability is extremely flexible, and anywhere in New York City works for me. I look forward to working with you.

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Isabella

Pre-Algebra Tutor • +27 Subjects

I am a graduate of MIT. I received my Bachelor of Science in Mathematics with minors in Management Science and Ancient and Medieval Studies. Since graduation, I have started my PhD at Georgia Tech in Operations Research. Throughout my career I have TA'd several math and computer science courses at the college level. I have also taught at summer programs for gifted middle school and high school students. I am passionate about tutoring kids in math and science because I think that a strong foundation in STEM at an early age can set the tone for their future. In my spare time I like to engage in athletics, and was a Division 1 rower in college. Hobbies: reading, swimming, writing, books, music, running, art

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Elena

Calculus Tutor • +31 Subjects

I am a graduate of McGill University (BA First Class Honors) and the University of Edinburgh (MSc First Class Honors with Distinction) with over eight years of tutoring experience. I am currently a curriculum developer for a company which creates relatable and culturally-literate courses for middle and high-schools, and am particularly adept at communicating and explaining concepts in a quirky, engaging, and intelligent manner. I was named Scotland International Young Thinker of the Year 2014 for exactly that sort of work. Much of my tutoring background is in test-prep and essay coaching, which I enjoy because it allows the tutor and student to think strategically together, and work as a team to achieve concrete results. I have worked with students ranging in age from 6-32, and believe that, in an educational context, a few jokes never hurt anybody. I love reading and learning, and my educational approach is centered around making the material just as engaging to students as it is to me. I think J.K. Rowlings, the writer of Harry Potter, is just as brilliant as Stephen Hawking, and in my free time, I manage my (terrible) fantasy baseball team, write songs for my comedy band, and crack jokes about terrible science-fiction movies with my friends.

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James

AP Calculus AB Tutor • +40 Subjects

I am currently a senior at Harvard College where I study chemistry, and I'll be attending Columbia Medical School next year. I have years of experience tutoring college students in math (mostly calculus) and chemistry including both general and organic chemistry. In addition, I am very familiar with all sections of the SAT and ACT having prepared several high school students for these tests. I believe that every student is capable of boosting his or her baseline score on these tests, so long as he or she works hard to get to know the format of the tests and the most popular types of questions. I tutor because I love seeing students develop a genuine passion for the subjects they once disliked (such as math and science), once they understand the power of these subjects and their applications to the real world.

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Justin

Calculus Tutor • +38 Subjects

I am a graduate of the University of Chicago where I received my Bachelor of Arts in Philosophy. Currently, I am in the master's program at the University of New Mexico where I am continuing my education in philosophy. Ultimately, I hope to go on to earn a PhD in Philosophy so that I can continue engaging in my passions for learning and teaching. While in school, I have spent countless hours coaching high school speech and debate both in person and working online with students across the country. My focus in coaching has been to emphasize philosophy and critical thought to prepare students to think through novel arguments on their own. I am passionate about teaching and tutoring because I love seeing students learn to be intellectually independent and think through problems on their own terms by developing their critical thinking skills. I have devoted my life to education because I am passionate about it, and I try to share some of my passion for learning with the students I work with. I tutor all sorts of Standardized Tests, and I particularly enjoy working on logic-based problems like analogies and math sections. When I am not tutoring or reading for school, I enjoy strategy games (both board games and video games), listening to music, hiking, playing basketball, and just relaxing with friends.

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Asta

Pre-Algebra Tutor • +73 Subjects

I am a graduate of the University of Chicago where I received my undergraduate degree in political science. Right after graduation, I worked as an academic and test prep tutor as well as admissions consultant in Hong Kong. For the past two years, I worked with a number of students to help prepare them for college in the United States.

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Henry

Calculus Tutor • +41 Subjects

I'm eager to help you in your education. I'm a recent graduate of Harvard College looking to apply to law school. My senior thesis was written on John Dewey's ideas of education, which I deeply believe has incredible power to transform individuals and society.

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Andrew

Pre-Algebra Tutor • +26 Subjects

I am comfortable tutoring math subjects up to multivariable calculus and differential equations, as well as college physics. Hobbies: books, music, art, reading, writing

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Frequently Asked Questions

Students often find the time value of money (TVM) calculations challenging—especially when juggling present value, future value, and internal rate of return (IRR) across complex cash flow scenarios. Another major pain point is connecting economic theory to engineering decision-making: understanding how to apply concepts like opportunity cost, break-even analysis, and cost-benefit analysis to real infrastructure or manufacturing projects. Many students also struggle with depreciation methods (straight-line, declining balance, MACRS) and how they impact project profitability, as well as mastering sensitivity analysis to evaluate how changes in key variables affect project outcomes.

The key is connecting every formula to the real-world decision it solves. For example, the NPV formula isn't just math—it answers "Is this project worth doing?" by comparing all future cash flows to today's dollars. A strong approach is working through case studies where you calculate metrics like payback period, IRR, and profitability index for the same project, then compare the insights each one provides. Tutors can help you build intuition by asking "Why would an engineer choose this depreciation method?" or "What does a negative NPV actually mean for a capital investment?" rather than just drilling calculations.

Cash flow is the foundation of every project evaluation—it's what you actually plug into your NPV, IRR, and payback period calculations. Engineering Economics requires you to identify all relevant cash flows (initial investment, operating costs, salvage value, tax impacts, working capital changes) and organize them by time period, which is where many students make errors. Mastery comes from practice with varied scenarios: comparing equipment replacement decisions, evaluating lease vs. buy options, or analyzing capacity expansion projects. A tutor can help you develop a systematic checklist for identifying cash flows so you don't miss tax effects or residual values that dramatically change project viability.

Taxes and depreciation are often overlooked but can swing a project from profitable to unprofitable. Depreciation reduces taxable income, which lowers your tax bill—making it a real cash benefit. Different depreciation methods (MACRS for tax purposes, straight-line for accounting) create different timing of tax shields, affecting your project's NPV. After-tax analysis requires you to calculate the tax impact of operating cash flows, gains/losses on asset disposal, and investment tax credits, then discount everything back to present value. Understanding how to build an after-tax cash flow statement—including the tax effect of salvage value—is essential for realistic project evaluation and often determines whether an investment makes financial sense.

Engineering Economics gives you multiple tools—NPV, IRR, profitability index, and payback period—but each answers a slightly different question and can rank projects differently. NPV is generally preferred because it directly measures value added in today's dollars, but you need to understand when IRR can mislead (especially with unconventional cash flows or different project scales). When comparing mutually exclusive projects with different lifespans, you must use consistent analysis methods like the equivalent uniform annual cost (EUAC) or repeat the shorter project's cycle. A tutor can help you recognize which metric fits the decision at hand: Is management focused on return rate (IRR), absolute value creation (NPV), or capital efficiency (profitability index)?

Sensitivity analysis tests how robust your project decision is by showing which variables matter most—if a 10% change in equipment cost flips your NPV from positive to negative, that's a risk you need to manage. Break-even analysis identifies the critical threshold: "At what production volume does this manufacturing process become profitable?" or "How much can material costs rise before this investment fails?" These tools move you beyond a single "go/no-go" decision to understanding project risk and identifying which assumptions you should monitor closely. Engineers use these analyses to decide whether to pursue a project, negotiate better supplier contracts, or invest in risk mitigation—making them invaluable for real-world capital decisions.

The discount rate (often your company's cost of capital or required rate of return) reflects the time value of money and risk—choosing the wrong rate can completely change your project ranking. You must decide whether to use nominal cash flows with a nominal discount rate or real cash flows with a real discount rate, and these must be consistent. Inflation affects both sides of the equation: if your cash flows are in future dollars, your discount rate must be nominal; if you've removed inflation from cash flows, use a real rate. Many students struggle with this distinction, but tutors can clarify the relationship using concrete examples: a 5% real rate becomes roughly 7% nominal if inflation is 2%, and using mismatched rates will give you wrong answers on project viability.

Master the core calculations first—TVM, NPV, IRR, payback period, and EUAC—and practice problems that require you to build cash flow statements from scenario descriptions. Then focus on application: Can you identify which analysis method fits a given decision? Can you spot when depreciation or taxes matter? On standardized exams like the FE (Fundamentals of Engineering), expect problems on project comparison, equipment replacement, and break-even analysis that test both calculation accuracy and conceptual understanding. Work through problems where you calculate multiple metrics for the same project, then explain why they might rank projects differently—this prepares you for questions that ask you to justify a recommendation, not just compute a number.

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