CIV_ENV 205: Economics and Finance for Engineers

Quarter Offered

Fall : TTh 3:30-4:50 (Lab: W 4:00-4:50 or 12:00-12:50) ; Staff
Spring : MW 3:00-4:20 (Lab: T 12:00-12:50 or 4:00-4:50 ) ; Pablo Durango-Cohen


MATH 220-1; basic understanding of probability and economics recommended


The course introduces students to fundamental concepts in economics and finance in the context of decisions that arise in contemporary planning and management of social and environmentally-relevant engineering systems. 

Intended Audience

The intended audience for this course consists of undergraduate students in Engineering and Sciences. The course satisfies a basic engineering requirement in the systems engineering and analysis category.


  1.  Instill in students a recognition and appreciation that large-scale, long-term engineering projects have complex economic, environmental and social consequences and tradeoffs. In this context, the course aims to provide students technical tools to represent, evaluate, and select among projects based on their financial consequences;
  2. Prepare students to become financially conversant in their professional careers and personal lives;
  3. Allow the students to become proficient in the use of commercial software to solve engineering problems; and
  4. Prepare students to take advanced courses in systems engineering, financial engineering and managerial accounting.

Course Assessment

  • 25% Homework
  • 25% Case-studies and Writing Assignments
  • 50% Exams


Required: Engineering Economic Analysis by Newnan, Eschenbach and Lavelle, 14th Edition. 2019.

Reference Texts:

  1. C. S. Park (2016), Contemporary Engineering Economics, 6th Edition.
  2. D. G. Luenberger (2014), Investment Science, 2nd Edition.
  3. deNeufville, R. (1990), Applied Systems Analysis, McGraw-Hill. This book is out of print, but available on-line for free.
Course Outline, Outcomes, and Goals