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During most of 20^th century, the subject of Economics (or later called engineering economics) was a part of the Department of Humanities, and included mostly macro-economics and general economic laws. The micro-economic illustrations were more to suit the trade and commerce fields, rather than manufacturing fields. So, this author who was handling this subject used to add on his own, short introduction on additional topics like make or buy decisions, EOQ, value analysis, Cost/benefit analysis for machinery replacement etc. which are needed for the engineering managerial decisions, and so would be of more interest to the engineering students. Later, while looking into the syllabi of foreign universities, especially of New York Canton University, Texas A&M, and even a Turkish university, he found they covered the manufacturing field oriented economic analysis illustrations whichhe was actually teaching,more than the macro-economics.  This fact, which concurred with his concept, motivated him to retain all the teaching notes, to be able to write a book on Engineering economics suitable for engineers. The result is this book, ‘A Text Book of Engineering Economics - the Principles and Applications’, highlighting the engineering applications of economic theories for use of the decision makers of the manufacturing sector.