Aalborg University in the north Jutland region of Denmark was chartered in 1974 and represents an innovative educational experiment with project-based teaching concepts. The University opened with approximately 900 students and currently enrolls an estimated 10,000. This paper examines how project-based teaching at Aalborg University has led to major engineering curriculum reforms. The Danish education initiatives are also compared to recent National Science Foundation efforts to integrate the teaching of design and economics in the United States.