IIT BHU Varanasi Syllabus

Industrial Economics & Factory Management

Industrial Economics & Factory Management        

Types of accounts, book keeping, single entry and double entry, trading account, profit and loss account and balancesheet, cost accounting and cost control. Economic laws, increasing and diminishing return, utility, total and marginal,

forms of business organization, private, partnership, joint  stock companies and cooperative societies, limited and

unlimited liabilities, shares, debentures, bonds, valuation and depreciation. Fixed cost and variable cost, business,

principle of management, management process schools, human factors, management by objective. Type of organization

charts.

Materials management: purchase, inventory, control, ABC analysis, break even analysis, stores, sales   and material

handling, S.Q.C. and standardization, PERT and planning. Site selection and factory layout.

ELECTIVE   PAPER

(One elective paper to be chosen out of the following)