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Engineering Economics and Managment (2130004)

Teaching Scheme (in Hours)

Theory Tutorial Practical Total
3 0 0 3

Subject Credit :  3

Examination Scheme (in marks)

PA (M)
ESE Viva (V)
PA (I)
70 30 0 0 100

Syllabus Content    Download

Unit-1:  Introduction to Economics

Definitions, Nature, Scope, Difference between Microeconomics & Macroeconomics Theory of Demand & Supply; meaning, determinants, law of demand, law of supply, equilibrium between demand & supply Elasticity; elasticity of demand, price elasticity, income elasticity, cross elasticity

Unit-2:  Theory of production

production function, meaning, factors of production (meaning & characteristics of Land, Labour, capital & entrepreneur), Law of variable proportions & law of returns to scale Cost; meaning, short run & long run cost, fixed cost, variable cost, total cost, average cost, marginal cost, opportunity cost. Break even analysis; meaning, explanation, numerical

Unit-3:  Markets

meaning, types of markets & their characteristics ( Perfect Competition, Monopoly, Monopolistic Completion, Oligopoly) National Income; meaning, stock and flow concept, NI at current price, NI at constant price, GNP, GDP, NNP,NDP, Personal income, disposal income.

Unit-4:  Basic economic problems

Poverty-meaning, absolute & relative poverty, causes, measures to reduce Unemployment: meaning, types, causes, remedies Inflation; meaning, types, causes, measures to control

Unit-5:  Money

meaning, functions, types, Monetary policy- meaning, objectives, tools, fiscal policy-meaning, objectives, tools Banking; meaning, types, functions, Central Bank- RBI; its functions, concepts; CRR, bank rate, repo rate, reverse repo rate, SLR.

Unit-6:  Introduction to Management

Definitions, Nature, scope Management & administration, skill, types and roles of managers Management Principles; Scientific principles, Administrative principles, Maslow’s Hierarchy of needs theory

Unit-7:  Functions of Management

Planning, Organizing, Staffing, Directing, Controlling ( meaning, nature and importance) Organizational Structures; meaning, principles of organization, types-formal and informal, line, line & staff, matrix, hybrid (explanation with merits and demerits), span of control, departmentalization.

Unit-8:  Introduction to Marketing management

Marketing Mix, concepts of marketing, demand forecasting and methods, market segmentation Introduction to Finance Management; meaning, scope, sources, functions

Unit-9:  Introduction to Production Management

definitions, objectives, functions, plant layout-types & factors affecting it, plant location- factors affecting it. Introduction to Human Resource Management; definitions, objectives of manpower planning, process, sources of recruitment, process of selection

Unit-10:  Corporate Social Responsibility

meaning, importance Business Ethics; meaning, importance.

Reference Books

Sr. Title Author Publication Amazon Link
1 Engineering Economics R.Paneerselvam PHI publication
2 Fundamentals of Management: Essential Concepts and Applications Robbins S.P. and Decenzo David A. Pearson Education
3 Principles of Economics N Gregory Mankiw Cengage Learning
4 Principles and Practices of Management L.M.Prasad
5 Principles of Management Tripathy and Reddy
6 Modern Economic Theory Dr. K. K. Dewett & M. H. Navalur S. Chand

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