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Engineering Economics Syllabus Copy_1

The document outlines the course structure for Engineering Economics, a second-year B.Tech Mechanical Engineering subject, detailing its teaching and examination schemes, prerequisites, and course outcomes. It covers key topics such as the fundamentals of economics, production theory, market types, management principles, and economic models. Additionally, it lists textbooks, reference materials, online resources, and activities for practical application of the concepts learned.

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Asma Parkar
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2 views2 pages

Engineering Economics Syllabus Copy_1

The document outlines the course structure for Engineering Economics, a second-year B.Tech Mechanical Engineering subject, detailing its teaching and examination schemes, prerequisites, and course outcomes. It covers key topics such as the fundamentals of economics, production theory, market types, management principles, and economic models. Additionally, it lists textbooks, reference materials, online resources, and activities for practical application of the concepts learned.

Uploaded by

Asma Parkar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Second Year B.

Tech Mechanical Engineering


Autumn Semester

Course Code: B24ME306 Course Name: Engineering Economics


Teaching Scheme (Hours/Week) Examination Scheme Credits
L P T OL ODL CIE ETE TW OR PR TOTAL L P T TOTAL
- - 2 - - - - 50 - - 50 - - 2 2
Prerequisites: Basic of Mathematics
Course Outcomes:

After learning the course, the students will be able to:


CO1: Apply fundamental concepts and use of terminology of engineering economics under different market
conditions
CO2: Understand the basic theory of production in economics using different inputs and outputs factors
CO3: Understand the various markets and their characteristics in engineering economics
CO4: Apply the management principles of engineering economics
CO5: Apply the economic models for business cycles

Duration
Unit Contents
(Hrs.)
Introduction to Engineering Economics
Definition of Engineering Economics, Fundamentals of Economics, Difference between
1 Microeconomics & Macroeconomics, Theory of demand and supply, determinants, law 6
of demand, law of supply, equilibrium between demand and supply Elasticity, time
value of money

Theory of Production in Economics


2 Production function, meaning, factors of production Law of variable proportions and 6
law of returns to scale cost, meaning, short run and long run cost, fixed cost, variable
cost, total cost, average cost, marginal cost, opportunity cost, Break even analysis
Economic Markets
Basics of economic market, types of markets & their characteristics (Perfect
3 Competition, Monopoly, Monopolistic Completion, Oligopoly) National Income, stock 5
and flow concept, NI at current price, NI at constant price, GNP, GDP, NNP, NDP,
Personal income, disposal income, Indian Economy
Engineering Economics Management
4 Definitions, Nature, scope Management and administration, skill, types and roles of 5
managers Management Principles, Scientific principles, administrative principles,
Maslow’s Hierarchy of needs theory, Functions of Management and organization
Business Cycles and Economic Models:
Business cycles-facts and features, the Classical model of the business cycle, the
5 Keynesian model of the business cycle, simple Keynesian cross model of income and 4
employment determination and the multiplier (in a closed economy), IS-LM Model,
Hicks' IS-LM synthesis, role of monetary and fiscal policies

Second Year B.Tech Mechanical Engineering 1


Total Hours 26
Text Books

1. A.R. Arya Sri, “Managerial Economics and Financial Analysis”, TMH Publications
2. S.C. Sharma and Banga T. R., “Industrial Organization & Engineering Economics”, Khanna
Publications
3. S.N. Maheswari and S.K Maheswari, “Financial Accounting”, Fifth Edition, Vikas Publishing House

Reference Books

1. R.Paneerselvam, “Engineering Economics”, PHI publication, 2013.


2. S.P.Robbins and A.D. Decenzo, “Fundamentals of Management: Essential Concepts and
Applications”, Pearson Education.
3. Dr. K. K. Dewett and M. H. Navalur, “Modern Economic Theory”, By Chand Publications.

Online References

1. NPTEL Course: Principles of Economics by Prof. S. K. Mandal [Link]


2. NPTEL Course: Engineering Economic Analysis by Prof. P.K. Jha [Link]

Sr. No List of Activities

1. Cost-estimation and the time value of money

2. Break even analysis

3. Decision making processes and professional ethics in decision-making

4. Case study on Indian economic market

5. Optimization, taxes and inflation

6. Case study on engineering economics and its management

7. Quantitative sustainability assessment

Second Year B.Tech Mechanical Engineering 2

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