ENGINEERING
ECONOMICS AND MANAGEMENT
SUBJECT CODE: 2140003
B.E. 4th SEMESTER
MID SEM SYLLABUS
Sr. No.
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Content
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1
1
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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
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2
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Theory of production; production function, meaning,
factors of production (meaning & characteristics of Land, Labor, 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
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3
3
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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
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4
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Basic economic
problems; Poverty-meaning, absolute & relative poverty, causes, measures
to reduce, Unemployment: meaning, types, causes, remedies Inflation; meaning,
types, causes, measures to control
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5
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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
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