The goal of the course is to equip engineering students with the proficiency needed to make economically sounds decisions, and to realize practical and affordable engineering designs, projects and solutions. We will provide students with a basic understanding of the principles and techniques in engineering economic analysis that are needed in the decision making process. While emphasis is on the analytical consideration of money and its impact on decision making, the course also considers other factors such as social and environmental responsibilities in the economic analysis and decision process. At the end of the course students builds a framework to systematically analyse the economic aspects of engineering solutions and to evaluate alternative designs by considering notions such as time value of money, economic equivalence, depreciation, tax etc.