CSVTU B.E. VI Semester Mechanical Engineering Engineering Economics Syllabus

CHHATTISGARH SWAMI VIVEKANAND TECHNICAL UNIVERSITY, BHILAI (C G)

Semester: B.E. VI Sem. Branch: Mechanical Engg.

Subject: Engineering Economics

UNIT-I

Introduction & Scope

Engineers and Economics, Utility of its study, Managerial Economics, Nature and scope, basic terms and concept

of economics like goods, kinds of goods, utility, value and wealth.

Theory of Demand and supply , Elasticity of demand.

Meaning, Characteristics, Objectives of Firm, Managerial and behavioral theories of a firm.

UNIT – II

Pricing and Market Competition

Industrial Establishments, various types of industrial establishments, Sole traders, partnership, joint stock company,

types of shares, financial goals of organization.

Pricing Perspective approach: Pricing policy and price influencing factors, Basic data for price fixation.

Market forms & Competition – Pure and perfect competition, monopoly, monopolistic competition, price

determination under perfect and monopolistic competition.

UNIT – III

Economy, Monetary & Fiscal Policy

Balance of payments – money and monetary policy, fiscal policy, Inflation, measuring employment and

unemployment. Credit policies

Concept and measurement of national income.

Working Capital, Factors deciding Working capital, Return on investment, Financial Planning.

UNIT – IV

Cost and Costing Factors

Cost Analysis – Types and Elements of cost, cost planning and control.

Relationship between Average cost & Marginal cost, Short run and long run average cost curves.

UNIT – V

Depreciation & Capital Budgeting

Depreciation and its methods of calculation, marginal costing, break – even analysis, profit planning and

forecasting, Capital budgeting, cost of capital, Appraising projects profitability.

TEXT BOOKS

1. Managerial Economics – P.L. Mehta – S. Chand and sons

2. Economics Michael Parkin, Addison Wesley Longman Publication, International Edition.

3. Elementary Economics Theory – K.K. Dewett – S. Chand & Company

REFERENCES

1. Economics – Samuelson, Pauls & W.D. Nordhan – McGraw Hill

2. Advanced Cost Accounting – Nigam, Sharma – Himalaya Publishing House

3. Managerial Economics – Mote and Paul – TMH

4. Macro Economics for management Students – A. Nag – Macmillan India Ltd

5. Cost Accounting – Jain & Narang – Kalyan Publishers

6. Managerial Economics – G.S. Gupta – TMH

7. Engineering Economics – J.L. Riggs, D.D. Bedforth , Randhawa – TMH

8. Essentials of Managerial Economics – Reddy & Ganesh – Himalaya Publishing Hosue

9. Managerial Economics – Joel Dean – PHI

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