Principles of engineering economic analysis, price theory and resource allocation, elements of supply, elements of demand, economic equilibrium, welfare economics, investment criteria, principles of benefit-cost analysis. A flood control example, a water pollution control example, a highway transport example, evaluation of large scale projects, other approaches to evaluation including rating scale and goal achievement methods and programming project investments. The course will include case studies from Kuwait and students will each conduct, present and submit a report describing an analysis of a public project in Kuwait.