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Every engineering decision has an economic consequence.

Why can a technically excellent project still fail? How should an engineer choose between competing designs, estimate demand, control costs or evaluate a long-term investment?

Economics for Engineers transforms economic theory into a practical decision-making toolkit. Through the continuing story of Project Udaan, students see how economic reasoning influences design, production, pricing, infrastructure, sustainability, public policy and investment.

Inside this book:
• Scarcity, opportunity cost, demand, supply and elasticity
• Consumer choice, forecasting, production and productivity
• Cost analysis, break-even decisions and market structures
• Externalities, public goods and information problems
• GDP, business cycles, inflation, banking and public finance
• Time value of money, NPV, IRR and risk analysis
• Indian applications, worked numerical problems, figures and case studies

Written for 3rd year undergraduate engineering students, this story-led textbook helps readers move beyond formula memorisation and learn how to make defensible economic decisions in real engineering situations. It is also useful for instructors seeking clear explanations, applied classroom examples and structured numerical practice.

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