11-CS-1 engineering economics textbooks

Engineers Canada names Engineering Economics: Financial Decision Making for Engineers by Fraser and co-authors (Pearson Canada) as the primary text for its engineering economics exam, with Newnan's Engineering Economic Analysis (Oxford University Press) as the secondary text. As of November 2026 the newest edition is Pearson Canada's 8th, published in May 2025. In EGBC's Fall 2026 schedule, 11-CS-1 is open book, but only printed books and notes are allowed, and you bring your own compound interest factor tables.

By the CertNova team. Updated .

Engraved plate of the wooden bridge at Schaffhausen: a section and two plans of its truss.
Bridge, plate XC: the wooden bridge at Schaffhausen. Picture: Civil engineering: three views of the bridge at Schaffhausen by J. Moffat after W. A. Provis, Wellcome Collection, CC BY 4.0.

Which textbook does the 11-CS-1 syllabus name?

Two official lists name texts for engineering economics, and they name different books. EGBC's posted list is undated but cites books from 2000 and 2008; Engineers Canada's current syllabus names the Fraser text under its newer title. Engineers Canada's current complementary studies syllabus lists the exam as 23-CS-1. PEO and EGBC still set it as 11-CS-1: it is on PEO's exam list for Spring/Summer 2027 and on EGBC's Fall 2026 schedule. The two syllabus descriptions are worded differently but cover the same topic areas.

ListPrimary textOther texts
Engineers Canada, current syllabus (23-CS-1)Fraser, Jewkes, Pirnia and Schmitt, Engineering Economics: Financial Decision Making for Engineers, Canadian edition, Pearson Education CanadaSecondary: Newnan, Jones, Whittaker, Eschenbach and Lavelle, Engineering Economic Analysis, Oxford University Press. French: Park, Analyse économique en ingénierie, Éditions du Renouveau Pédagogique
EGBC, complementary studies syllabus on its site (11-CS-1, undated)Sonyi, Fenton and White, Principles of Engineering Economic Analysis, Canadian edition, Wall & Emerson, 2000Fraser, Jewkes, Bernhardt and Tajima, Global Engineering Economics: Financial Decision Making for Engineers, 4th edition, Pearson Education Canada, 2008

Engineers Canada gives no edition number and says the most recent edition is recommended. APEGA's own syllabus page for its version of the exam, 98-CS-1, lists topics but no textbooks.

Engineering Economics: Financial Decision Making for Engineers, current edition

Pearson Canada publishes the Fraser text. As of November 2026 its catalogue shows two recent editions:

EditionAuthorsPublished
8thNiall M. Fraser and Ketra SchmittMay 21, 2025 (copyright 2026)
7thNiall M. Fraser, Elizabeth M. Jewkes, Mehrdad Pirnia and Ketra SchmittFebruary 12, 2021 (copyright 2022)

The four authors Engineers Canada prints match the 7th edition; the 8th lists Fraser and Schmitt. Both editions have the same 13 chapter titles on Pearson's pages, including Time Value of Money, Comparison Methods, Taxes, Inflation and Dealing With Uncertainty and Risk. Pearson describes the book as having a Canadian focus and matching how engineering is practised in Canada today.

For the 8th edition, Pearson Canada's pages list an eTextbook, MyLab Engineering with the eText, and a bound print copy offered through courses (it needs a Course ID or an instructor's link). Only a print copy can come into the exam with you.

Global Engineering Economics and older editions

Global Engineering Economics: Financial Decision Making for Engineers is the 4th edition title (2008) from the same lead authors, Fraser and Jewkes, with Bernhardt and Tajima. It is the edition EGBC's posted reference list names. Principles of Engineering Economic Analysis by Sonyi, Fenton and White (2000) is the primary text on that same EGBC list.

Can you study from an older edition? The book rule does not name an edition, so an older printed copy is allowed in the exam. The trade off is content. The syllabus asks for after-tax analysis with capital cost allowance and Canadian corporate income tax, and tax rules change, so check the tax chapter of an old copy against a current Canadian text before you rely on it. Engineers Canada recommends the most recent edition.

Contemporary Engineering Economics and other texts

  • Contemporary Engineering Economics by Chan S. Park: the 7th edition was published by Pearson in November 2022 (copyright 2023). Its appendices include interest factors for discrete compounding and a summary of interest factor formulas. No syllabus we read names it.
  • Contemporary Engineering Economics: A Canadian Perspective by Chan S. Park: the 3rd Canadian edition came out from Pearson Canada in 2011. Booksellers list used copies. No syllabus we read names it either; Engineers Canada names Park's French text instead.
  • Engineering Economic Analysis, Canadian edition, by Newnan, Jones, Whittaker, Eschenbach and Lavelle: the most recent Canadian edition we could confirm is the 4th, from OUP Canada in 2018, which a retailer listing describes as condensed to 15 chapters with Canadian coverage. Its author list matches the secondary text Engineers Canada names.

Whichever text you use, check that its tax chapter covers capital cost allowance, because the syllabus asks for after-tax analysis under Canadian corporate income tax.

What the 11-CS-1 book rule allows on exam day

PEO candidates write online, and PEO sends them to EGBC's pages for the exam schedule and the list of aids. EGBC's Fall 2026 schedule (updated October 19, 2026) set 11-CS-1 on September 28 and 29, 2026, with these rules:

  • Open book. Only physical, printed textbooks or notes are allowed; digital copies are not.
  • Calculator format 2: any non-communicating, non-programmable calculator.
  • Candidates should bring their own compound interest factor tables.
  • APEGA candidates sit it on the same dates, registered under 98-CS-1.

So an eTextbook on a tablet or laptop is no use on the day. If your textbook prints factor tables in an appendix, they are printed material; if it does not, bring a separate printed set. Rules can change between sittings, so read the schedule for your own sitting.

Free PDF, used copy or library: getting the book

We do not link free PDF copies of these textbooks or their solution manuals. Pearson and Oxford sell the textbooks, and sites offering free downloads are not the publishers. A PDF also cannot come into the exam, so you would still need print.

  • New, from the publisher: Pearson Canada sells the 8th edition of the Fraser text as an eText. Its bound print copy is listed as a course offer that needs a Course ID or an instructor's link, so if you are studying on your own, ask a bookseller for a new or used print copy. Buy the eText for study only if you also have printed pages for exam day.
  • Used: second-hand booksellers list older editions, such as Park's Canadian edition. Check the edition and author names before you buy.
  • Library: ask your university or public library whether it holds the text. A library copy is fine for study, but plan on your own printed copy for the exam.

How to study 11-CS-1 with the textbook

Read the syllabus first, then use the book's chapters to cover each topic. For the 8th edition of the Fraser text, the chapter titles line up with the syllabus like this:

Syllabus topicFraser chapter
Cash flow and the time value of money, nominal and effective interest2 Time Value of Money, 3 Cash Flow Analysis
Present worth, annual worth and rate of return, comparing projects4 and 5 Comparison Methods
After-tax analysis with capital cost allowance8 Taxes
Break-even, sensitivity and risk12 Dealing With Uncertainty and Risk

Lease or buy decisions, financing and capital budgeting do not have chapter titles of their own, so find them through the index. Then weight your time by what the papers actually ask. In CertNova's review of 14 past sittings, five topics appeared every time and carried 70% of the marks: present and future worth, rate of return, comparing projects, nominal and effective interest, and annual worth. Since December 2013 each paper has had five questions, and candidates answer four.

  • Draw the cash flow diagram before any arithmetic, for every problem you practise.
  • Work with printed factor tables and your exam calculator, the way you will on the day.
  • Tab the factor tables and the chapters you use most, and keep your printed notes short enough to find things fast.
  • Finish with timed practice under exam conditions: open book, printed material only.

If you want structured practice, CertNova's 11-CS-1 prep opens in January 2027, with lessons, original problems and timed open-book mock exams; waitlist members get access for $1.

Sources

Every fact above comes from these documents, read on November 3, 2026.

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Picture: The bridge at Quebec by Bain News Service, Library of Congress, public domain.