ENGINEERING ECONOMICS AND MANAGEMENT

Credits	Periods			Exam Hrs.	Sessional Marks	Exam Marks	Total Marks
	Theory	Tutorial	Lab
4	3	1	-	3	30	70	100

1.      Fundamentals of Economics – Scarcity and Efficiency Market, Command and Mixed Economics.

Basic Elements of Supply and Demand – Law of Demand – Elasticity of Demand.

2.      Business Organizations – Individual Proprietorship – Partnership – The Corporation.

Statement of Profit and Loss – The Balance Sheet – Break-Even Analysis – Cost Concepts – Elements of Costs.

3.      Principles and Functions of Management – Evolution of Management Thought – Decision Making Process.

Organization Theory and Process – Leadership – Motivation – Communication – Conflict Management in Organization.

4.      Plant Location – Plant Layout – Production Planning and Control – Product Design and Development – Channels of Distribution. Materials Management – Inventory Control.

5.      Industrial Disputes and their Settlement – Provision of Factories Act and Industrial Disputes Act.

Recent Trends in Contemporary Business Environment.

References:

1.      Economics – Paul A. Samuelson and William D. Nordhaus.

2.      Engineering Economics – Vol. 1 – Tara Chand.

3.      Financial Management – S. N. Maheswari.

4.      Essentials of Management – Koontz and O’ Donnel.

5.      Production and Operation Management – B. S. Goel.

6.      Modern Production / Operation Management – Elwood S. Buffa, Rakesh K. Sarin.

7.      Industrial Law - S. P. Jain.

8.      Industrial Law - R. P. Maheswari and S. N. Maheswari.

9.      Labour and Industrial Laws – Singh, Agarwal and Goel.