Economic Evaluation & Investment Decision Methods

Multiple Sessions Offered
Golden, Colorado, USA

March 18-21, 2024

May 13-16, 2024 (Postponed)

June 10-13, 2024

July 15-18, 2024

   November 4-7, 2024


Mr. John M. Stermole

John Stermole

John Stermole is currently President of Investment Evaluations and has served as Director since 1984. He received his M.S. in Mineral Economics from the Colorado School of Mines and his B.S.B.A. in Finance from the University of Denver. 

In addition to co-authoring the textbook, “Economic Evaluation and Investment Decision Methods,” now in the 16th Edition, 2019, other publications include (1) “Mining Royalties, A Global Study of Their Impact on Investors, Government, and Civil Society, 2006, by The International Bank for Reconstruction and Development, The World Bank (2) The Global Mining Taxation Comparative Study, 1997, published by the “Institute for Global Resources Policy & Management, Colorado School of Mines” (3) “Northwest Mining Association” (4) “Heavy and Highway Construction” (5) “The Business of Petroleum Exploration,” published by the American Association of Petroleum Geologists (AAPG),” 1992, re-printed in 1993.

In 1987, John Stermole began his teaching career as an Adjunct and then Associate Teaching Professor at Colorado School of Mines, where he taught this subject matter for the Division of Economics and Business (Mineral Economics) and the Division of Chemical and Biological Engineering.  The courses “Engineering Economics” and “Economic Evaluation and Investment Decision Methods” were presented to Junior, Senior, and graduate level students. From 1996 through 2010, 2012, 2015 and again in 2016, CSM’s graduating Seniors recognized Mr. Stermole as one of the “Outstanding Faculty Members” at Colorado School of Mines. In 1997, he was appointed as a Fellow to the Institute for Global Resources Policy and Management at the Colorado School of Mines where his work focused on modeling mining taxation issues for over 20 different countries. John officially retired from teaching at Colorado School of Mines in 2017. From 1998 through 2005, John also taught this subject matter as an Adjunct Professor at the University of Denver, Sturm College of Law, in their Natural Resource and Environmental Law Graduate Program. John Stermole gained nearly four years of industry experience at Lowdermilk Construction Co. (also Tectonic Construction), applying the concepts of engineering economics to heavy construction projects including state and interstate highway projects, oil shale mine site development and equipment repair and replacement analyses.

Mr. Andrew H. Pederson

Andrew PedersonSince 2016, Andy Pederson has worked as an Associate Teaching Professor at Colorado School of Mines (CSM) in the Division of Economics and Business.  As of 2023, he will continue to teach “Engineering Economics” to all Juniors and Seniors within every department at CSM.  He has been awarded the “Outstanding Faculty Award” by graduating Seniors in 2018, 2019, 2020, 2022 and 2023.  From 2012 through 2015, Andy worked as an Adjunct Professor in the Division of Economics and Business.  He began at CSM as a Teaching Assistant in 2011 for the academic courses taught in the Division of Economics and Business, and the Division of Chemical and Biological Engineering.  

Andy began his career with Investment Evaluations in 2010.  Shortly after, in 2012, he earned his Master’s Degree in Taxation from the University of Denver, Sturm College of Law.  He earned his B.A. in Economics from Pacific Lutheran University in 2008.    

Andy has co-authored the 15th Edition of “Economic Evaluations and Investment Decision Methods” as well as the current 16th Edition in 2019.  He continues to work with Investment Evaluations, lecturing in public courses offered through CSM and Midland College, and provides private, in-house courses to various clients.